Tesla surprises on the plus side
As we all know, people interested in the automotive industry (and those involved in the speculative game on the stock exchange) with baked goods on their faces are waiting for each quarterly report of this company. After the record results achieved in Q4 2019, analysts expected quite poor results in the first quarter of 2020. Not only because it is traditionally weaker for the entire car market, but also because of the epidemiological crisis that was growing during it.
Meanwhile, the company surprised everyone by delivering over 11,000. more cars than the most optimistic analysts had predicted. The epidemic effect is more evident in the number of cars produced, although it was more or less at the level of the previous quarter, the company expected to achieve a much better result. We would like to remind you that the factory in Fremont was completely closed in the last week of Q1 2020, and earlier the situation in China had a negative impact on the acceleration of production at Gigafactory Shanghai.
Below you can find a full list of Tesla results:
- Model S / X – Production: 15390 pcs .; Delivered: 12200 pcs
- Model 3 / Y – Production: 87282 pcs; Delivered: 88400 pcs
It is a pity that the company does not break down sales results into individual models. We cannot find out how far the new SUV cannibalises the demand for Model 3. Either way, the stock jumped by 17%, the company has reason to be satisfied, playing on Tesla shares “shortly” rather not very much. Of course, like any car maker in the US, Tesla will strongly feel the epidemiological block in the next quarter, but it will be very interesting to what extent the Chinese department of the company is able to fill the gap created in the United States and Europe.
At the same time, it should be noted that the production model used by Musk, where most of the elements are produced on site, can give it an advantage when recovering from the crisis. Competition, based on extensive supplier chains, can come out of the problems much more slowly, the partners can be in a very different financial and organizational condition.
Model Y improves the ills known from 3's
Each new model introduced by Musk attracts the attention of the media, analysts and engineers to a much greater extent than any product of older automotive companies. Everyone is looking for technical innovations, eccentric solutions and … quality deficiencies, which, what has to be honestly admitted, strongly affected each of the models during the spinning of its production.
(Embed) https://www.youtube.com/watch?v=cMVnxiHPmig (/ embed)
It seems that the model Y has done their homework, especially those provided to the company by the disaster called “the beginning of production of model 3”. Well-known automotive engineer Sandy Munro took to the complete demolition and at the moment his rating of the new car is very good. He noticed a number of smaller and major improvements compared to Model 3, and particular attention was paid to corrections in the suspension and structure of the car. Tesla has eliminated in SUV virtually all defects noticed in a smaller car. The car drives better, the suspension should be much more durable, and at the same time the use of many parts from the brother's model means that production should be much cheaper.
It was also emphasized that, unlike the Model 3, the rear of the car is now based on one large aluminum casting and the engineer melted over this element for a particularly long time. The solution from the smaller Tesla was the subject of harsh criticism by Munro. In short, people who are reluctant to Tesla and look for her flaws, for now with the model Y can not be satisfied.
Starship is uphill for now …
Let it not be so sweet in Muska's kingdom, there is a spoon of tar. Starship's third prototype flew into the air, just like its predecessors. The company ran a liquid oxygen chamber test, and small problems arose at the beginning when the valves were frozen. When this issue was resolved, the main test began. For a long time it looked like it would be a complete success, unfortunately after a few hours one of the tanks began to fall apart. This led to the destruction of the entire corps and its fall.
Fortunately, all the infrastructure needed for testing has not suffered and is ready to test Starship SN4 which is being built. It must be admitted that the pace at which SpaceX releases more copies is downright dizzying for this industry. Accidents themselves should not worry anyone, Muska usually tests very unusual solutions, which must cause at least a few accidents at the prototype stage. Some of you probably remember the funny SpaceX movie showing a series of disasters leading to Falcon's first successful landing. Anyway, what can be said here, the example of Boeing aircraft shows that it is better to destroy 10 prototypes than 2 finished products with people on board. We can expect another trial in the next few weeks, unless pandemic overcomes the plans.
(Embed) https://www.youtube.com/watch?v=wFXQ5SRCy74 (/ embed)