AD #2346 – Tesla Earnings Both Good & Bad, Students Build AV Campus Shuttle, Fresh Models Boost Jeep Sales

May 3rd, 2018 at 11:33am

Runtime: 6:29

0:30 Tesla Earnings Both Good and Bad
1:28 Elon Musk Berates Analyst
2:03 NHTSA Questions Autopilot Safety
3:09 Miami to Vote on Formula 1 Race
3:36 Students Building AV Campus Shuttle
5:00 OEMs to Meet Trump on Economy Standards
5:31 Fresh Models Boost Jeep Sales

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29 Comments to “AD #2346 – Tesla Earnings Both Good & Bad, Students Build AV Campus Shuttle, Fresh Models Boost Jeep Sales”

  1. WineGeek Says:

    Hey Sean your beard is filling in nicely… keep up the good work! :)

  2. Albemarle Says:

    I am surprised that the OEMs didn’t think ahead about possible reactions to their petitioning the gov’t about rolling back regulations. Be careful what you ask for.

    Glad to see an F1 race in Miami, however I enjoy the Formula E better. More corner action and driver mistakes keeps it fun.

  3. Barry Rector Says:

    Hope Miami has better luck with F1 than Indy. After draining IMS dry by taking all the revenue, they pulled out.

  4. Drew Says:

    I wonder why other media outlets haven’t called-out Elon for his holier-than-thou and dismissive Earnings Call. Perhaps there was Kool Aid in their coffee.

  5. Drew Says:

    I wonder why other media outlets haven’t called-out Elon for his Earnings Call behavior. Perhaps they had Kool Aid in their coffee.

  6. Frederick Schmidt Says:

    If Ford is going mostly SUV lineup they should look no further that the Jeep Brand. They seem to have all the gaps in selection filled and their cycle of new or refreshed existing models seems to be correct in years between beginning and end. They have built brand value and identity better than any other nameplate. When you see a Jeep product there is no confusion what it is. All this is one of the reasons why Jeep is doing well. Ford on the other hand I’m sure wish they had that lineup and value. Ford has a long way to go in my opinion.

  7. Kit Gerhart Says:

    People talk about sedans being a “commodity,” but CUV’s are much more a commodity than sedans. I walk around the parking lot at my condo, and have to look at the name or logo to tell if I am seeing a Nissan, Hyundai, Kia, Toyota, or Ford. The exception is Jeep. Even the crappy Patriot is identifiable as a Jeep. Given the Jeep “mystique,” and the fact you can tell a Jeep when you see it, no wonder Jeep is doing well. Imagine how well they would do if their products were better.

  8. Lex Says:

    Is there any word on when the new Honda Passport is it going to debut?

  9. Lex Says:

    In my mind a “Students Built AV Campus Shuttle” is a “Trolley”. What happens if a lone passenger has a medical event? Will the AV know to call 911, or will that passenger simple be found dead by the next passenger that boards the AV?

  10. Lisk Says:

    An F1 street race in Miami will be a huge financial disaster for the city. COTA is a beautiful, well thought out facility, and with F1s high fees, they have trouble getting the bills paid. Street circuits have never done as well as natural terrain road courses in the states. Why not Road America or Mid-Ohio?

    Speaking of financial disasters, there’s Tesla. By using no-GAAP numbers, they only lost $3.35 a shares, not $4.19 a share, making the loss seem 20% lighter. Elon still hasn’t gotten his manufacturing costs lower, and they way it looks, if he does manage to build 10,000 a week, he’s still going to be $6-8,000 short of break even. In true dollars and cents, a Model 3 doesn’t have $30,000 less content than a Model S, so selling them for $50k rather than $80K+, it isn’t going to work.

  11. Lex Says:

    My issue with the 2019 Jeep Cherokee is that Mike Manly and his team did not go far enough with their refreshening of the Cherokee. They should have just captured the same design queues found on the redesigned Compass and scaled them up in size to were it would be exactly be between the Compass and Grand Cherokee.

  12. Kit Gerhart Says:

    8 F1 likes “fun” places, like Monaco and Montreal, and maybe Miami, not places in the middle of nowhere like Mid-Ohio. Also, aren’t Mid-Ohio and Road America mainly “hobbyist” facilities, not really set up for spectators? Yeah, Miami could be a financial disaster. Also, they may need special water tires, since Miami streets are often under water, even without hurricanes.

  13. Lisk Says:

    When Indycar goes to Mid-Ohio, this is one of the biggest draws of the year. The facility is well prepared, clean and well organized. These are things hard to achieve on a temporary circuit. I agree it’s not a rockin’ area, but it’s a great place to see a race.

  14. BobD Says:

    On Tesla, what other revenue sources do they have besides selling vehicles? If you divide their stated revenue by sales, that is $113k/vehicle. That average will likely drop significantly going forward as Model 3 becomes the volume leader. That seems like a bad business plan.

  15. Kit Gerhart Says:

    A source of revenue for Tesla is donations, in the form of Model 3 reservations. That is about $1/3 to $1/2 B, if we are to believe the claims.

  16. Max Says:

    Several things. On the possible rollbacks of the EPA standards – the President needs to keep his nose out of it! Many if not most of the manufacturers seemed to be target for the upcoming standards, so leave them alone! I don’t know about any of you, but I like clean air to breath. Having traveled to China on several occasions, and seeing the dirty air they have, I gained a new appreciation of the EPA and the regulations we have in place.

    And in regards to the “end of sedans” in North America, I think the OEM’s better be careful because people are going to get tired of seeing nothing but pickups, vans and SUV on the road – and I’m one of them! I have a van, a pickup and an SUV, and though I love em all, my next vehicle is going to be a sport sedan (assuming any are left). I don’t think I’m alone in this line of thought. I rented a Charger last summer to cruise around Lake Tahoe, and I LOVED it! The OEM that keeps a decent lineup of sedans in place is going to hit the jackpot in a few years.

  17. Chuck Grenci Says:

    They lost me when they said street-race (Miami GP). I think they are more dangerous, less passing opportunities and running in the confines of concrete barriers just loses visual appeal for me. COTA did it right and I hope there remains an Austin race regardless of whether the U.S. gets a second venue. Even when they had the race in Indianapolis, while not optimum in my opinion, was at least on a racetrack. Just my two cents (I don’t especially like Monte Carlo either, even though it carries with it all of its history).

  18. DonWagner1239 Says:

    Doesn’t Florida have enough racing per year? Daytona (3-times), Sebring, St. Petersburg, Miami (NASCAR final). Seems that Austin is the best venue for F1. Or the Indianapolis road course, but, INDYCAR is using that (May 12).

    Make the Cherokee look like the Compass so you can’t tell them apart? No. I like how my Cherokee looks and the refresh fixed that funny lighting arrangement. Wish the ride was better befitting the luxury model the Overland I have, but it’s a Jeep and the front tow hooks imply it’s to be driven off-road. Could use a larger fuel tank as well. I like the Compass, but it’s underpowered (180 vs. 271/270 in the Cherokee). The latest Wrangler pickup spy shots show an undisguised tailgate. Whoopee! It’s already obvious what it will look like. Sorry, not going to sell too well. Wonder who did the market research. There seem to be enough mid-sized pickups already.

  19. Kit Gerhart Says:

    My not-so-attractive Prius is looking better every day, just because it looks different from the CUV’s that make up 3/4 of the vehicles in my condo’s parking lot. Sooner or later, and I hope sooner, the “soccer mom/appliance” stigma will catch up with CUV/SUV’s, like it did with minivans in the ’90′s.

    Also, when gas gets expensive, people may begin to notice that CUV’s are GAS HOGS compared to cars. A prime example is that the most efficient CUV available, the RAV4 hybrid, gets 14 mpg worse “combined” EPA gas mileage, and 16 mpg worse combined mileage in CR’s tests, than a Camry hybrid with basically the same powertrain. A non-hybrid Camry does as well, overall, as the hybrid RAV4, and does much better than the RAV4 on the highway.

  20. Kit Gerhart Says:

    15 I went to the first and last Indy F1 races. I thought it was a great location. OK, it was only an hour drive for me, but Indianapolis is pretty easy to get to by either road or air.

    The city wasn’t “exciting” enough for Bernie, and the course wasn’t that great. Maybe the tire fiasco, and the incident with Schumi gifting the race to Barrichello one year hastened the demise of the race, but maybe it was doomed from the start, to have only a few year’s run. Somehow, true “international” racing doesn’t do well at Indy. Moto GP ran a few years on the Indy road course, but that is gone too.

  21. Kit Gerhart Says:

    I can’t believe it. I just saw an actual Tesla Model 3 on the street in Cocoa Beach, Florida.

  22. phred Says:

    The real issue with the EPA mileage standards is the California “Special Authorization” to impose its own standards independent of the US Government. CARB is the agency that sets these standards and is an appointed Board. Not accountable to the citizens of California and not even to the USA Government.

  23. Wim van Acker Says:

    @TESLA, “It also burned through $700 million in cash.”

    According to Bloomberg the cash burn is much larger than you mentioned: “on another quarter in which the company burned more than $1 billion in cash.”

    Which figure is the most accurate?

  24. RickW Says:

    @7 Lex;
    How would that scenario be much different than a lone driver in a car today.????

    Does everyone need a baby sitter in case they have a medical emergency???

    Can’t find any validity in your point.

  25. Kit Gerhart Says:

    22. Actually, the autonomous car would be better, because it wouldn’t crash, and maybe hurt or kill other people.

  26. Tim Beaumont Says:

    Please Mr Musk, hire Magna Steyr in some capacity to help with production! Don’t let world the world changing Tesla autos fizzle like Aptera.

  27. Bob Wilson Says:

    The last ‘deposit’ funded company was Bede and the ill-fated BD-5. There is a fine line between designing and making product that isn’t always obvious.

    Full disclosure, we have two, plug-in hybrids approaching 30k miles. There is no EV or fuel cell vehicle that combines the urban efficiency with long range capability of our plug-in hybrids.

    Battery technology and charging continues to improve. In spite of impressive gains, I have no interest in a garage hybrid, owning an EV and gasser that are garaged together.

  28. FSTFWRD Says:

    @14 Max +++ “I don’t know about any of you, but I like clean air to breath”. +++ Well said.

    Not a big fan of Government interference, but I wonder where emissions, safety, and mileage would be if not pushed by legislation. Just saying.

  29. joe Says:

    I still can not figure out how Tesla with all it’s problems can keep the stock price so high. Any other company with those problems would not be in business today. Years from now writers will books about what kept Tesla in business and colleges will do study it.