Tesla Week: Why One (Famous) Person Chose Chevy Bolt Over Tesla, Elon Musk On Model 3, Model Y News

Credit: Tesla

Tesla Model 3.

This week Elon Musk had a lot to say about Model 3 production. Also: why someone chose a Bolt over a Tesla. And more visibility on the Model Y. Finally: the big Tesla short.

[For the week ending April 15, 2018.]

Chevy Bolt "is perfection": 

Last week, we heard from someone who traded their Bolt for a Model S. This week, the choice goes the other way.

I didn’t feel like putting a thousand down and reserving a Tesla, so I got a 2017 Chevy Bolt...It’s the best car I’ve ever had. It gets 230 miles to the charge, but people only drive 40, maybe 50 miles a day, so you just top off. No more gas. No more maintenance. It’s quick and roomy inside. My kids love it. It’s perfection.

--"Why Courtney B. Vance Chose a Chevy Bolt Over a Tesla," Wall Street Journal, April 10, 2018

Elon Musk on Model 3 production etc.

Model 3 delivery delays: "It will be six to nine months longer than expected," said Musk in an interview with CBS This Morning that posted on April 12 (the first installment of a series of interview segments).

Why do people cancel Model 3 reservations? "Mostly people cancel because they needed a car and we didn't have a car for them," Musk said to CBS.

What about Production hell? "It's worse than I thought...we put too much technology into the Model 3 all at once. This should've been staged," he said in another interview segment.  (Note: Musk said the same thing about the Model X.)

Too many robots for Model 3 production? "I agree," Musk said to CBS. After admitting that the excess of robots can actually slow production and that Tesla needs more humans than robots on the production line, he said: "We had this crazy, complex network of conveyor belts and it was not working. So, we got rid of that whole thing."

Overnighters at the factory: "I don't have time to shower and change so I sleep here," he said, showing the couch (and floor) where he sleeps at the Fremont factory.

Big boost in Model 3 production: "[There will be a] three- or four-fold increase in Model 3 output in the second quarter." (Note: Musk has also made overly-optimistic predictions like this before.)

Musk on Model X crash: Commenting on the Tesla update on the Model X crash and the subsequent move by Tesla to withdraw from the agreement and "NTSB Revokes Tesla’s Party Status," Musk told CBS: "The system worked as described, which is that it's a hands-on system. It is not a self-driving system...the NTSB takes a long time to do an investigation. It will take over a year. We can't wait for a year."

Model Y: Tesla is aiming at November 2019 to begin Model Y production at its Fremont factory, according to Reuters, writing about the future compact crossover, which is slated to be a cheaper version of the Model X.

Tesla...is targeting November 2019 as the start of production for its Model Y sport utility vehicle...two sources told Reuters this week...[Tesla] is accepting preliminary bids for supplier contracts on the Model Y....

--"Tesla targets November 2019 for start of Model Y production," Reuters, April 11, 2018.

The big short: "More investors are betting against electric-car maker Tesla than any other U.S. stock," said CNBC on Wednesday," referencing Apple as the previous short-seller favorite.

"Tesla short sellers, after reducing their short exposure for the first two months of 2018, have reversed course and shorted Tesla stock heavily over the last five weeks," wrote Ihor Dusaniwsky, head of research at S3 Partners, according to CNBC.

Musk hasn't been silent. In response to a Goldman Sachs report this past week, he tweeted: "Place your bets."

Credit: Tesla

Model Y teaser.

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Credit: Tesla

Tesla Model 3.

This week Elon Musk had a lot to say about Model 3 production. Also: why someone chose a Bolt over a Tesla. And more visibility on the Model Y. Finally: the big Tesla short.

[For the week ending April 15, 2018.]

Chevy Bolt "is perfection": 

Last week, we heard from someone who traded their Bolt for a Model S. This week, the choice goes the other way.

I didn’t feel like putting a thousand down and reserving a Tesla, so I got a 2017 Chevy Bolt...It’s the best car I’ve ever had. It gets 230 miles to the charge, but people only drive 40, maybe 50 miles a day, so you just top off. No more gas. No more maintenance. It’s quick and roomy inside. My kids love it. It’s perfection.

--"Why Courtney B. Vance Chose a Chevy Bolt Over a Tesla," Wall Street Journal, April 10, 2018

Elon Musk on Model 3 production etc.

Model 3 delivery delays: "It will be six to nine months longer than expected," said Musk in an interview with CBS This Morning that posted on April 12 (the first installment of a series of interview segments).

Why do people cancel Model 3 reservations? "Mostly people cancel because they needed a car and we didn't have a car for them," Musk said to CBS.

What about Production hell? "It's worse than I thought...we put too much technology into the Model 3 all at once. This should've been staged," he said in another interview segment.  (Note: Musk said the same thing about the Model X.)

Too many robots for Model 3 production? "I agree," Musk said to CBS. After admitting that the excess of robots can actually slow production and that Tesla needs more humans than robots on the production line, he said: "We had this crazy, complex network of conveyor belts and it was not working. So, we got rid of that whole thing."

Overnighters at the factory: "I don't have time to shower and change so I sleep here," he said, showing the couch (and floor) where he sleeps at the Fremont factory.

Big boost in Model 3 production: "[There will be a] three- or four-fold increase in Model 3 output in the second quarter." (Note: Musk has also made overly-optimistic predictions like this before.)

Musk on Model X crash: Commenting on the Tesla update on the Model X crash and the subsequent move by Tesla to withdraw from the agreement and "NTSB Revokes Tesla’s Party Status," Musk told CBS: "The system worked as described, which is that it's a hands-on system. It is not a self-driving system...the NTSB takes a long time to do an investigation. It will take over a year. We can't wait for a year."

Model Y: Tesla is aiming at November 2019 to begin Model Y production at its Fremont factory, according to Reuters, writing about the future compact crossover, which is slated to be a cheaper version of the Model X.

Tesla...is targeting November 2019 as the start of production for its Model Y sport utility vehicle...two sources told Reuters this week...[Tesla] is accepting preliminary bids for supplier contracts on the Model Y....

--"Tesla targets November 2019 for start of Model Y production," Reuters, April 11, 2018.

The big short: "More investors are betting against electric-car maker Tesla than any other U.S. stock," said CNBC on Wednesday," referencing Apple as the previous short-seller favorite.

"Tesla short sellers, after reducing their short exposure for the first two months of 2018, have reversed course and shorted Tesla stock heavily over the last five weeks," wrote Ihor Dusaniwsky, head of research at S3 Partners, according to CNBC.

Musk hasn't been silent. In response to a Goldman Sachs report this past week, he tweeted: "Place your bets."

Credit: Tesla

Model Y teaser.

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Read Again https://www.forbes.com/sites/brookecrothers/2018/04/15/tesla-week-why-one-famous-person-chose-chevy-bolt-over-tesla-elon-musk-on-model-3-model-y-news/

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