In the first quarter, Tesla shipped more than 25,000 electric vehicles

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POSTER: computer news   ||   IN THE FIRST QUARTER, TESLA SHIPPED MORE THAN 25,000 ELECTRIC VEHICLES	DATE:2017-05-04
Traditionally, Tesla's quarterly report was issued in the form of a letter from the head of the company, Ilon Mask (Elon Musk), addressed to its shareholders.  This document is quite convenient for perception, because it is not overloaded with tables , and contains a lot of additional information that in the quarterly reports of other companies have to be fished in a question and answer session when the management dialogue with analysts is being conducted.  By the way, Ilon Mask was original here too - he offered to start a quarterly reporting event right away with answers to experts' questions. As an illustrative material for the letter, the shareholders were enclosed with a photograph of a fresh prototype Tesla Model 3 of a distinctive blue color, which has already been seen on the roads of California several times.  The serial production of this electric vehicle should begin in July, and Tesla intends to increase the volume of the model release to 5000 pieces per week by the end of the year, and in 2018 to double the rate of release.  Under the production of Tesla Model 3 welding and pressing equipment has already been purchased, active work with component suppliers is conducted. Along the way, Tesla expands its infrastructure: the network of charging stations is actively expanding, new car dealers and service centers are opening.  Especially for the launch of Tesla Model 3 on the market, the company intends not only to expand the network of certified body repair shops, but also to open its own workshops.  The time for servicing and repairing the brand's electric vehicles can be reduced by 35% due to remote diagnostics - the electric vehicle gives the dealer information about the problems in the equipment even before the owner discovers them.  This allows the employees of the service to prepare in advance all they need to solve the problem. The fleet of mobile repair shops for servicing electric vehicles Tesla is expanding.  According to Mask, these machines are specially designed in such a way that most of the service operations can be done without hanging an electric vehicle on the lift.  This simplifies catering, which is convenient for some customers. Tesla completed the transition to its own software platform to implement the functions of "autopilot" - previously it had to use the borrowed image processing algorithms MobilEye.  A year ago, the companies stopped cooperating, and recently a major investment in MobilEye's capital was made by Intel Corporation. The volume of Tesla electric vehicles in the last quarter increased by 64%, and 25,051 copies were shipped.  The company still hopes to ship in the first half of 47 to 50 thousand electric vehicles, which corresponds to an annual increase of 61-71%.  By the way, the problem of correct positioning of Model 3 already worries the company.  It considers it necessary to explain that the equipment and characteristics of this model will be inferior to the Tesla Model S. But the capabilities of the "autopilot" Tesla Model 3 will be on par with the Model X and Model S. The cost of the latter will gradually decrease, which will allow the company to increase the rate of profit Up to 30% for these two models.  The mistaken perception of Tesla Model 3 as a more advanced product, according to Mask, lies in the forced replacement of the designation "Model E" for "Model 3", since the first belongs to the corporation Ford.  Now people think that "Tesla Model 3" is the representative of the third, most perfect generation of electric vehicles of the brand.  Mask explains that this is not true - both Model S and Model 3 in terms of technical development now correspond to the "fourth generation" of electric vehicles. It remains to add that the record revenue of $ 2.7 billion received in the quarter did not allow Tesla to break even.  This is natural, because the company's costs have also increased.  Last quarter, Tesla completed with $ 330 million in losses. CFO Tesla explained that the average rate of return for each Model 3 released will reach 20%.  At Tesla Model S this indicator is higher, but it is also a more expensive electric car.  The production line for the Tesla Model 3 will receive the highest level of automation among the company's enterprises.  In fact, even the best automakers will find it difficult to compete with Tesla on this indicator.  The automation level on the Model 3 assembly lines will be three to four times higher than on the lines that produce the Model S and Model X, and the assembly time for each Model 3 instance will be five times lower.  This will be facilitated by improved technological design of the electric vehicle.  In addition, representatives of Tesla declare the increased reliability of this model, which will result in less time spent on possible repairs. Ilon Mask revealed another interesting point of Tesla's service policy.  Customers who lease their electric cars to the service, as a swing vehicle, always get an electric car of the same model of the newest revision in the richest package.   Related Products :

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