[ad_1]
<div _ngcontent-c14 = "" innerhtml = "
Elon Musk at the Model 3 Event. Credit: Tesla
Here is a brief inventory of the comments made by the Director General of Tesla, Elon Musk, this week, about model 3 at the third quarter results teleconference on October 24.
All that Musk says about model 3 has a new meaning in light of 39 FBI investigation, as reported on Friday the Wall Street Journal (Forbes article here).
Musk's opening remarks: Model 3 is the best-selling sedan in the United States (via the Tesla Webcast *)
We delivered a total of 84,000 vehicles worldwide, representing more than 80% of total sales, the vehicles we delivered in 2017. In fact, we have delivered more cars during this quarter than for the whole of 2016.
The Model 3 has become the best-selling car in the United States in terms of revenue. and the fifth best-selling car in terms of volume … and achieved a gross margin of over 20% for models 3 … and 3 received a 5-star safety rating in all categories and subcategories ….
And we are excited to introduce Model 3 in Europe and China early next year, as the premium sedan market in these regions is even more extensive than in Europe. North America.
Musk on the model 3 to 35,000 dollars:
And as we do not have the ability to immediately get the car to 35,000 dollars, we thought that it could be a way of offering it as an intermediate step [mid-range model]. And that's really it. We expect to start producing a significant volume for Europe in January … We may or may not deliver cars in APAC [Asia Pacific] in the first quarter, but certainly in the second quarter.
It's as if we could produce the car at $ 35,000 would. There is still a long way to go before we can build a $ 35,000 car and have a positive gross margin. We are probably in less than six months, but that is our mission.
Musk on the world demand of the model 3 compared to the BMW 3 series:
What is the probable world demand for the model 3? This probably represents between 500,000 and one million cars a year.
If we talk about the series [BMW] 3, that represents about half a million a year worldwide. And in general, we find that we are quite outperforming the BMW 3 series.
Musc talking about the overseas production of Model 3:
We will definitely make local production in China … certainly next year. . But this will be done very profitably in capital, much more like the way we proceeded to the general badembly line 4 compared to the general badembly line 3. We will also have a factory in Europe in the long run as it is pretty ridiculous to make cars in California and ship them to Europe.
I'm not talking about S and X. I'm just talking about the 3. So, S and X will continue to be made in California. I probably think exclusively here.
Musk weekly production rate on model 3:
We can make 7,000 a week … so it gets a little harder if you start to exceed 7,000. We would need [to] Lower the lines at Fremont for significant improvements to reach 10K
In the long run, that's … a kind of 7,000 to 10,000 Fremont model 3 cars, and then, I do not do not know, 5,000 to 8,000 in the rest of the world, something like that. It's a guess.
What type of cars are traded (Martin Viecha and Tesla's Musk):
Viecha:
So I did the badysis of all the exchanges we have & # 39; 39 received. And the only model I've seen is that, overall, most brands are non-premium brands. I think this is the number one message, that is, just over half of the exchanges we received cost less than $ 35,000 when they were new.
Musk:
For many people, it's the most expensive car on the market. never bought. Thus, they clearly demonstrate with their money that they are willing to spend more to get a Tesla.
Tesla Model 3. Credit: Tesla
—-
QUOTED QUOTE ON MATERIAL 3, AUTOPILOT AND SELF-CONDUCT:
Stuart Bowers in Navigate on Autopilot: "We will soon begin deploying the most advanced autopilot feature in history, Navigate on Autopilot, in our latest release we launched Navigate on Autopilot, we will use the information for to understand exactly where the car is on the road system and to automatically change lanes, manage the forks and take high-bending exits to follow a naval route. "
(Musk tweeted this Friday:" The autopilot Tesla on navigation will be widely broadcast tonight in North America . "
Elon Musk on Hardware 3 expected by the end of the first quarter: " The Cape The cost, volume and power consumption are approximately the same as those of the current hardware, but the number of frames per second is ten times higher.
"What must change between a car produced today and a car produced in the second quarter of next year is the exchange of the autopilot computer. is a simple change requiring less than half an hour of service to upgrade the computer. "
Elon Musk in self-driving: " And so, any user can put upgrade his computer to Fully Autonomous or go to the car with a simple badistance visit.
"But … we removed [full self driving] from the order menu, simply because … it really created a lot There was a lot of friction in the sales process and people did not understand the difference between improved autopilot and complete self-driving. So, to simplify the ordering process, we removed it. But whoever asks for it can certainly get it. "[19659003] —-
* The above text is transcribed from the webcast on the Tesla Investors page, but the transcript of the call for results provided by Seeking Alpha has been used to for purposes of orientation / reference in certain parts.
">
Elon Musk last year at the manifestation of model 3. Credit: Tesla
Here is a brief inventory of the Tesla Tesla President Elon Musk spoke this week of Model 3 at the third quarter earnings conference call on Oct. 24.
All that Musk says about Model 3 takes on new meaning in the light of the FBI's investigation, the Wall reported on Friday. Street Journal (story of Forbes here).
Musk introductory remarks: Model 3 is the "best-selling" saloon of the United States (via the Tesla Webcast *).
We delivered a total of 84,000 vehicles worldwide. , which represents more than 80% of the vehicles we delivered in 2017. In fact, we delivered more cars during this quarter than for the whole of 2016.
The model 3 became the best car sold in the United States in terms of revenue and the fifth-best-selling car in terms of volume … and achieved a gross margin of more than 20% for the model 3 … and Model 3 received a safety rating of 5 stars in each category and subcategories ….
And we are excited to bring Model 3 to Europe and China early in the world. Next year, the market for mid-sized high-end sedans in these regions is even wider than in North America.
Musk on the $ 35,000 Model 3:
And since we simply did not have the opportunity to access the $ 35,000 cars right away, we thought that it could be a way to propose it as an intermediate step [mid-range model]. And that's really it. We expect to start producing a significant volume for Europe in January … We may or may not deliver cars in APAC [Asia Pacific] in the first quarter, but certainly in the second quarter.
It's as if we could produce the car at $ 35,000 would. There is still a long way to go before we can build a $ 35,000 car and have a positive gross margin. We are probably in less than six months, but that is our mission.
Musk on the global demand of the model 3 compared to the BMW 3 series:
What is the probable world demand for the model 3? This probably represents between 500,000 and one million cars a year.
If we talk about the series [BMW] 3, that represents about half a million a year worldwide. And in general, we find that we are quite outperforming the BMW 3 series.
Musc talking about the overseas production of Model 3:
We will definitely make local production in China … certainly next year. . But this will be done very profitably in capital, much more like the way we proceeded to the general badembly line 4 compared to the general badembly line 3. We will also have a factory in Europe in the long run as it is pretty ridiculous to make cars in California and ship them to Europe.
I'm not talking about S and X. I'm just talking about the 3. So, S and X will continue to be made in California. I probably think exclusively here.
Musk weekly production rate on model 3:
We can make 7,000 a week … so it gets a little harder if you start to exceed 7,000. We would need to [to] Lower the lines at Fremont for significant improvements to reach 10K
In the long run, that's … a kind of 7,000 to 10,000 Fremont model 3 cars, and then, I do not do not know, 5,000 to 8,000 in the rest of the world, something like that. It's a guess.
What type of cars are traded (Martin Viecha and Tesla's Musk):
Viecha:
So I did the badysis of all the exchanges we have & # 39; 39 received. And the only model I've seen is that, overall, most brands are non-premium brands. I think this is the number one message, that is, just over half of the exchanges we received cost less than $ 35,000 when they were new.
Musk:
For many people, it's the most expensive car on the market. never bought. Thus, they clearly demonstrate with their money that they are willing to spend more to get a Tesla.
Tesla Model 3. Credit: Tesla
—-
QUOTED QUOTE ON MATERIAL 3, AUTOPILOT AND SELF-CONDUCT:
Stuart Bowers on Navigate on Autopilot: "We will soon begin deploying the most advanced autopilot feature in history, Navigate on Autopilot, in our latest release we launched Navigate on Autopilot, we will use the information for to understand exactly where the car is on the road system and to automatically change lanes, manage the forks and take high-bending exits to follow a naval route. "
(Musk tweeted this Friday:" The autopilot Tesla on navigation will be widely broadcast tonight in North America . "
Elon Musk on Hardware 3 expected by the end of the first quarter: " The Cape The cost, volume and power consumption are approximately the same as those of the current hardware, but the number of frames per second is ten times higher.
"What must change between a car produced today and a car produced in the second quarter of next year is the exchange of the autopilot computer. is a simple change requiring less than half an hour of service to upgrade the computer. "
Elon Musk in self-driving: " And so, any user can put upgrade his computer to Fully Autonomous or go to the car with a simple badistance visit.
"But … we removed [full self driving] from the order menu, simply because … it really created a lot There was a lot of friction in the sales process and people did not understand the difference between improved autopilot and complete self-driving. So, to simplify the ordering process, we removed it. But whoever asks for it can certainly get it. "[19659003] —-
* The above text is transcribed from the webcast on the Tesla Investors page but the transcript of the call for results provided by Seeking Alpha has been used for purposes orientation / reference in some parts.
