LNG: TESLARATI

Teslas and other EVs get barred from popular drag racing event over fire concerns

Simon Alvarez

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Posted on July 27, 2019


The Universal Technical Institute Friday Night Drags event at the Texas Motor Speedway is a celebration of cars that are incredibly quick off the line and dominating in a straight line. The event, which recently held its finals for this season, played host to powerful muscle cars, stunning foreign automobiles, and even large diesel-powered trucks, to name a few. 

Amidst the participants in the popular drag racing event, there is one class of vehicles that was notably absent: electric cars. There was no Tesla in sight; not a Model S, Model X, or even a Model 3. 

This is due to one of the rules of Friday Night Drags. Looking at the event’s official page, the organizers of the event clearly noted that electric vehicles are prohibited from competing in the drag races. “Electric vehicles are not allowed,” the organizers wrote. 

(Credit: Texas Motor Speedway)
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This is quite a shame, considering that electric vehicles, particularly Tesla’s Performance-branded cars, have developed a reputation for being incredibly formidable in straight-line races. The Model S P100D, particularly the “Raven” iterations of the vehicle, is downright deadly in the quarter-mile, beating supercars on a regular basis. The Model 3 Performance, a four-door family car, has even beaten a Ferrari 458 in a 1/8 mile race. 

A look at past winners of Friday Night Drags show vehicles that have traded blows with Teslas in the past, including the Nissan GT-R, the Chevrolet Corvette, and the Ford Mustang. As such, it almost seems like the event was lacking a popular, recognizable competitor due to the absence of America’s all-electric muscle cars. 

Addressing the event’s strict No-EV rule, Texas Motor Speedway VP of Public Relations David Hart explained that electric cars such as Teslas could crash and catch fire in the event, which would be difficult to put out. Crashes with gas and diesel-powered cars and trucks could also happen, but it is far easier to extinguish gas fires than those resulting from batteries. Unfortunately for EV owners, the speedway’s emergency vehicles are not equipped to handle electric car fires. 

“The reason for the exclusion is, in the event of a crash and possible resulting fire, our emergency vehicles currently do not carry the specific equipment required to suppress EV fires. As I’m sure you’re aware, conventional extinguishers are of no use in fighting lithium-ion battery fires,” Hart noted in a statement to Teslarati. 

It should be noted that Teslas are actually 8x less likely to catch fire than their internal combustion engine-powered counterparts. As mentioned by the electric car maker in its most recent quarterly safety report, data from 2012-2018 shows that there was approximately one Tesla vehicle fire for every 170 million miles traveled. In comparison, the National Fire Protection Association (NFPA) and the US Department of Transportation listed one vehicle fire for every 19 million miles traveled. 

One could only hope that events such as Texas Motor Speedway’s Friday Night Drags would eventually open their doors to electric vehicles in the near future. The era of EVs being grossly inferior to the internal combustion engine, after all, has definitively ended. This is especially true since Friday Night Drags uses a 1/8-mile strip, which is pretty much Tesla territory at this point.

Teslas and other EVs get barred from popular drag racing event over fire concerns


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Tesla Model 3 interior gets photoshopped to look more traditional in CBS segment

Simon Alvarez

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Posted on July 27, 2019


The Tesla Model 3’s interior is among the most radical and tech-centric in the market, featuring a minimalistic theme that is dominated by a 15-inch center touchscreen. With all the vehicle’s controls exclusively accessed through the touch display and a couple of scroll wheels on the steering wheel, the Model 3’s interior is also among the most polarizing.

During the vehicle’s unveiling, Tesla Chief of Design Franz von Holzhausen stressed that the vehicle’s interior is the most satisfying, innovative, and radical part of the Model 3. The designer added that the Model 3’s spartan interior is aesthetically pleasing and functional, and that it is designed to make the vehicle feel as spacious as possible. A notable number of Model 3 owners have attested to this. 

Inasmuch as von Holzhausen’s words are accurate, the Model 3’s interior has also attracted a notable amount of criticism. Skeptics claimed that the Model 3’s 15-inch display is a distraction and a magnet for accidents, while others lamented the lack of physical controls like knobs, buttons, and switches on the vehicle. 

The Tesla Model 3’s interior. (Photo: Andres GE)
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The graphic designers (or interns perhaps?) from CBS Evening News appears to belong solidly in the latter camp. During a recent segment with host Norah O’Donnell about the dangers of technology for senior drivers, the media outlet opted to use a graphic that depicted a very tech-heavy car interior. Interestingly, CBS’ vehicle of choice was the Model 3, which made sense considering the electric car’s technology. 

Interestingly, CBS opted to give the Model 3 interior a bit of a facelift, by mixing it with what appears to be a center console from a 2010 Subaru Legacy. That way, the segment’s graphic of choice emphasized those big touchscreens found in vehicles today and, curiously, the buttons and knobs of a familiar, traditional center console. For good measure, CBS opted to overlay Apple CarPlay on the Model 3’s display as well. 

(Credit: CBS Evening News with Norah O’Donnell/Facebook)

The result of the Model 3-Subaru interior is strange, to say the least, and probably enough to get a few laughs (or a massive facepalm, perhaps) from Franz von Holzhausen. Nevertheless, one could at least appreciate CBS looking to Tesla’s interior design in its electric cars to represent the increasing amount of technology in vehicles. 

Amusing graphics aside, CBS’s topic in its recent segment is a somber one. The segment was based on a recent AAA study, which noted that seniors are struggling with the technology being built into vehicles today. Nevertheless, a vital component of these touch displays is the user interface and how friendly it is for drivers. This is something that Tesla has steadily refined over the years, and it is one that the company continues to improve with each iteration of its in-car software. It is also something that some legacy carmakers have struggled with, as evidenced by the rather complicated menus in the Jaguar I-PACE that were called out by some reviewers of the all-electric vehicle in the past. 

Watch an excerpt from CBS’s recent segment in the video below. 

Tesla Model 3 interior gets photoshopped to look more traditional in CBS segment


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SpaceX Falcon 9 booster nails landing in lead-up to next NASA-sponsored reuse milestone

Eric Ralph

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Posted on July 25, 2019


SpaceX has nailed its 24th Falcon booster reuse and 44th Falcon booster landing with Falcon 9 B1056’s flawless Landing Zone-1 recovery, setting the booster up to become the first SpaceX rocket NASA has flown on three times.

According to NASASpaceflight.com, NASA had already moved from a conservative “maybe” to a much firmer “yes, but…” on the second-reuse question, pending – of course – the successful completion of B1056’s second launch and landing. As of now, the Block 5 booster has indeed successfully completed its second orbital-class mission, setting itself up for a milestone NASA reuse that could happen as early as December 2019 on CRS-19, Dragon 1’s second-to-last planned International Space Station (ISS) resupply mission.

SpaceX has nailed Falcon 9’s 24th flight-proven launch, using Block 5 booster B1056 to send Cargo Dragon capsule C108 on its way to the ISS. (SpaceX)
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Back in May 2019, NASA ISS official Kenny Todd specifically stated that the space agency had a “vested interest” in Falcon 9 booster B1056, at that time just hours away from its inaugural launch and landing as part of Cargo Dragon’s CRS-17 mission. That mission went off without a hitch on May 4th, 2019, although B1056 was forced to land aboard drone ship Of Course I Still Love You (OCISLY) due to a Crew Dragon explosion that littered LZ-1/2 with invaluable debris about two weeks prior.

“Quite frankly, [NASA] had a vested interest in this particular booster. We were gonna require it – the intent is to [reuse B1056 on SpaceX’s upcoming CRS-18 launch] and – potentially – CRS-19.” 

Kenny Todd, ISS Operations and Integration Manager, NASA Johnson

SpaceX’s latest Falcon 9 booster returns to port as NASA hints at “vested interest”

After returning to port, B1056.1 became the first Falcon 9 booster ever to successfully retract all four of its landing legs and be transported back to Cape Canaveral with its legs still attached. By all appearances, SpaceX reused all four of those landing legs, although chances are good that they removed and inspect the legs once B1056 was snug inside one of the company’s local refurbishment hangars.

Still, the likely cautious landing leg stowage and reuse milestone hopefully means that future boosters may be able to stow their landing legs and prepare for a second launch without SpaceX technicians having to spend the time removing and reattaching them for inspection.

B1056.2 stands vertical at LZ-1 after a picture-perfect launch and landing, likely just one of many more to come. (SpaceX)

Successful second launch and landing now in hand, Falcon 9 B1056.2 is almost certainly on track to be reused by NASA a second time as early as December 2019 (CRS-19), perhaps even launching a fourth Cargo Dragon mission in March 2020 (CRS-20). Regardless of where the cards end up falling, B1056’s first successful NASA reuse bodes well for the future of Block 5 reusability and NASA missions.

Watch a full recap of CRS-18 at the link below.

Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes.

SpaceX Falcon 9 booster nails landing in lead-up to next NASA-sponsored reuse milestone


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SpaceX set for second CRS-18 launch attempt with flight-proven Falcon 9, spacecraft

Eric Ralph

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Posted on July 25, 2019


After exceptionally bad weather conditions forced SpaceX to scrub its first CRS-18 launch attempt on Wednesday, July 24th, the weather has significantly improved in the hours leading up to attempt #2.

The launch forecast now shows 50% favorable conditions, a major improvement from a 10% favorable forecast that came minutes before yesterday’s attempt. The CRS-18 mission will see twice-flown Cargo Dragon capsule C108 launch towards orbit on Falcon 9 B1056, the first flight-proven Block 5 booster to participate in a NASA mission. Dragon will be carrying more than 2300 kg (5100 lb) of pressurized and unpressurized cargo, including dozens of experiments and a brand new International Docking Adapter (IDA). CRS-18 is approximately one hour from launch and is scheduled – pending weather – to lift off at 6:01 pm EDT (21:01 UTC), July 25th.

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Previously discussed on Teslarati, Cargo Dragon capsule C108 will become the first commercial spacecraft in history to reach orbit and return to Earth three times if its CRS-18 mission goes as planned. CRS-18 is set to become the 18th time SpaceX has sent a spacecraft to the International Space Station (ISS), counting Dragon’s C2+ demo (2012) and excluding CRS-7 (2015), destroyed during Falcon 9’s first catastrophic in-flight failure.

Ironically, Falcon 9’s CRS-7 failure coincidentally destroyed International Docking Adapter-1 (IDA-1). A full five years after its destruction, SpaceX’s CRS-18 mission is scheduled to launch IDA-3, a direct replacement for IDA-1 that was not originally planned for and had to be constructed out of spare parts.

SpaceX also launched IDA-2 on Cargo Dragon’s CRS-9 mission in July 2016, while Crew Dragon became the first spacecraft to utilize the new docking port when it successfully docked with the ISS on March 3rd, 2019. Boeing’s Starliner crew capsule and Sierra Nevada’s Dreamchaser cargo ship will also make use of the new IDA ports once they begin flight operations.

Cargo Dragon CRS-18 will carry one large and critical piece of unpressurized payload: the International Docking Adapter 3 (IDA-3). IDA-3 is seen here being loaded into Dragon’s trunk. (NASA)
SpaceX’s Crew Dragon docked to the International Space Station several minutes early after a flawless approach on March 3rd. Crew Dragon C201 also became the first spacecraft to use an IDA docking port. (NASA)

Aside from Cargo Dragon’s reusability milestones, the spacecraft will also feature several prototype ceramic heat shield tiles being developed for Starship, the nominally ultra-reusable spaceship SpaceX hopes will make Dragon 1 and 2 redundant. There is something mildly poetic about the first twice-flown Cargo Dragon launch for the third time – the end of its design life – with tiles meant for Starship, a hugely ambitious upper stage and spacecraft meant to one day take the reins from Dragons.

Tune in around 5:45 pm EDT (2:45 pm PDT, 20:45 UTC) for SpaceX’s live coverage of its second CRS-18 launch attempt.

Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes.

SpaceX set for second CRS-18 launch attempt with flight-proven Falcon 9, spacecraft


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TSLA bull calls out ‘completely wrong’ ideas on Tesla’s alleged inability to make money

Simon Alvarez

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Posted on July 25, 2019


Tesla stock (NASDAQ:TSLA) is down on Thursday trading following the release of the electric car maker’s second-quarter earnings results, which fell below Wall Street’s estimates. The electric car maker lost $408 million over the course of Q2, despite the company delivering and producing a record number of vehicles. 

Adjusted for one-time items, Tesla lost $1.12 a share on sales of $6.3 billion, which is an improvement over last year’s $3.06 loss. In contrast, analysts polled by FactSet had expected Tesla to report an adjusted quarterly loss of $0.35 per share on sales of $6.5 billion. The reaction to Tesla’s second-quarter results was notable, with TSLA shares dipping around 10% in after-hours trading on Wednesday. Thursday’s intraday saw the company’s stock fall further, dropping as much as 14%. 

While sentiments surrounding Tesla stock are currently negative once more, longtime TSLA bull Ben Kallo from Robert W. Baird & Co. argued that the response from the market appears to be an overreaction. While speaking about his take on the Q2 results during a segment in Bloomberg Technology, Kallo said that there are some aspects of Tesla’s second-quarter figures that are positive. 

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“I think that the $5 billion on the balance sheet is a great number. I think margin is probably why the stock’s down. Actually, if you go through the numbers in detail, it’s better than expected. And I think forward guidance of GAAP-positive on the income is also good as well. So it’s kind of an overreaction to the downside, in my opinion,” he said.  

After correcting Bloomberg Businessweek reporter and fellow guest Max Chafkin about the Tesla Model 3’s gross margins, Kallo also stated that the electric car maker is not in an incredibly tough spot. Considering the cash flow generated by Tesla in Q2, the Baird analyst noted that the idea of Tesla being a company that is unable to make money is simply incorrect. 

“I think what’s most underestimated about everything here is the brand in China, and how it’s become a wildfire there, and how many cars they can sell. And I think that’s an upside. And just back to the cash flow they generated during the quarter, there’s a couple of hundred million dollars, so this idea that they don’t make money is completely wrong, and the headline needs to change. There’s $5 billion in the balance sheet. They’re not going out of business. You have other OEMs that have really hard problems and restructuring problems. And it’s not Tesla; it’s XYZ German manufacturers,” he said. 

Tesla CEO Elon Musk, for his part, took a relatively more conservative stance during the second quarter earnings call. Musk noted that Tesla will likely break even in the third quarter and be profitable in Q4 2019, though he also warned that Q1 2020 and Q2 2020 will be tough. Nevertheless, the CEO also stated that Tesla is closing in on a point where the company becomes self-funding.

As of writing, Tesla stock is trading -14.07% at $227.62 per share.

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

TSLA bull calls out ‘completely wrong’ ideas on Tesla’s alleged inability to make money


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Tesla Arcade adds Chess, dual controller support for Beach Buggy Racing 2

Simon Alvarez

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Posted on July 26, 2019


Tesla has expanded its list of games available for its fleet of vehicles. In an announcement on Friday, the electric car maker introduced Chess, the newest title in the Tesla Arcade’s ever-expanding lineup of titles. 

The company announced the new game in a curiously creative skit that involved a distinctly Western theme and a quick draw match between a Model 3 and its owner. As noted by the electric car maker in its Twitter announcement, Chess is beginning a global rollout to the Tesla Arcade today. 

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Chess, with its classic theme and its straightforward gameplay, will likely be a notable hit for Tesla owners who are looking for a calmer, more relaxing game than the more active, chaotic fun provided by games like Beach Buggy Racing 2. The title would likely be appreciated by owners who wish to keep things laid-back while the vehicle is parked, such as when it is Supercharging.  

As for Beach Buggy Racing 2, Tesla has announced that the racing game now supports the use of two game controllers. In the game’s initial iterations, the racing title’s two-player mode required the second player to use the on-screen controls, which is adequate, but not optimal. With this new update, makes Beach Buggy Racing 2 even more fun, as playing in the vehicle immediately becomes akin to using a giant game console, controllers included. Very few things could be cooler than playing a racing game in an actual car, after all. 

During his appearance at the 2019 E3 Coliseum, Elon Musk, joined by legendary video game designer Todd Howard noted that other games are coming to Tesla Arcade. Among these are titles such as Cuphead, widely regarded as one of the finest run-and-gun indie games, and Fallout Shelter, a mobile title based on the blockbuster gaming franchise. 

Elon Musk has a notable soft spot for games. While addressing the audience at E3, Musk remarked that he actually worked at a gaming startup in the past. His fascination with gaming goes way farther than that, too, as shown by the release of Blastar in 1984, a rather simple game that Musk wrote when he was about 12 years old.

Tesla Arcade adds Chess, dual controller support for Beach Buggy Racing 2


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Tesla to start operations in India next year, says Elon Musk

Simon Alvarez

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Posted on July 26, 2019


Tesla fans in India might not need to wait too long to see the electric car maker come to the country’s car market. During a recent interaction with Indian students that participated in SpaceX’s 2019 Hyperloop Pod Competition, Elon Musk stated that Teslas could be running on Indian roads in 2020. 

Musk’s update was related to the Avishkar Hyperloop team from IIT Madras, who competed in the 2019 Hyperloop Competition in Hawthorne, CA. While speaking with the team, the students asked Musk when he was planning to bring Tesla to India. Musk’s answer was direct, according to IIT Madras in a statement to the IANS on Friday. 

“Musk said it is probably going to happen in a year’s time,” the school noted. 

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Tesla’s entry into the Indian market has pretty much been up in the air for years, though Musk tweeted last March that he would love to bring the electric car maker to the Asian country in 2019 or 2020. The Tesla CEO has also remarked that so far, it is government regulations that are currently preventing Tesla from easily breaching the country’s car market. 

“Would love to be in India. Some challenging government regulations, unfortunately,” Musk previously tweeted. 

The Indian auto market could prove to be a notable opportunity for Tesla. Last year alone, India’s auto sector showed a production growth of 8%, which is remarkable considering that several international markets are showing signs of an impending decline. India’s electric car segment is open for saturation as well, as the country’s mainstream market is still heavily saturated by low-cost gas and diesel-powered cars.  

Despite not being in the market yet, Tesla has already started developing a dedicated following in India. A recent study from Compare the Market, a UK-based price comparison company, for example, has shown that the Tesla Model 3 is the most-searched-for electric car in the country. This was despite Tesla not having a single store in India. 

A key vehicle for Tesla’s impending ramp to India will be the Model 3, which is the company’s most affordable vehicle in its lineup. Musk has also mentioned during the Q2 2019 earnings call that he believes long-term demand for the Model 3 could hit as high as 15,000 units per week. Once Tesla enters India, a notable portion of that estimate would likely correspond to demand for the vehicle in the Asian country.

Tesla to start operations in India next year, says Elon Musk


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LIVE BLOG: Tesla (TSLA) Q2 2019 earnings call updates

Simon Alvarez

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Posted on July 24, 2019


Tesla’s (NASDAQ:TSLA) second-quarter earnings call comes at a pivotal point for the electric car maker. Following a challenging first quarter that saw the company weighed down by lower-than-expected production and delivery figures, Q2 proved to be a comeback for Tesla. Seemingly highlighting CEO Elon Musk’s statement that there is absolutely no demand problem with its electric cars, Tesla set all-time records by producing a total of 87,048 vehicles and delivering around 95,200 in both the United States and the international markets.

Tesla announced a net loss of $408 million for the second quarter, translating to a loss of $2.31 per share. The company also listed $6.3 billion in revenue, which is below Wall Street expectations.

For today’s earnings call, Elon Musk and Tesla’s executives are expected to address questions surrounding the company’s financials and CEO Elon Musk’s goal of returning to profitability in the third and fourth quarter. Updates on the company’s production forecast for 2019 are also expected to be discussed. Other inquiries surrounding upcoming vehicles such as the Tesla Pickup Truck, projects such as Gigafactory 3, and features such as Full Self-Driving will likely be addressed as well.

The following are live updates from Tesla’s Q2 2019 earnings call. Fellow Teslarati reporter Dacia Ferris and I will be updating this article in real-time, so please keep refreshing the page to view the latest updates on this story. 

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Dacia 16:35 PT – Aaaand done! Maybe less script reading next time, guys. 😉

Simon 16:35 PT – And that’s a wrap! Thanks for joining us in today’s earnings call, everyone. Till the next!

Dacia 16:34 PT – “Is there anything silly that we’re doing that we should fix?” Elon asked during his trip to China. He was told that parts made in China were being shipped to New Jersey, then back to China. That’s a silly thing to be stopped, he said.

Dacia 16:33 PT – Parts availability? Moving parts from warehouses and moving them to the service centers addresses the availability issue, Elon says. He compares the stocking to a grocery store keeping Cocoa Puffs on the shelves. Anything used more frequently than every 6 weeks is kept local at the centers.

Dacia 16:31 PT – “I think at the end of the day, regulators will answer to the public,” Elon comments regarding European FSD permissions.

Simon 16:30 PT – RBC Capital Markets asks if Elon Musk expects to offer the full FSD suite in Europe and China, considering regulations? Elon notes that yes, he is expecting a worldwide FSD release. EU will likely be an exception though, as the region’s regulations are quite notable. 

Dacia 16:29 PT – Supercharging is incredibly important… You can’t just have like 80% of a journey, you have to have 100%. Driving is freedom to travel, so you have to be able to drive there to have that freedom, Elon remarks as an additional component that’s important for sales.

Dacia 16:28 PT – “We’re rolling out service centers like crazy. Service centers are the key to sales, not retail locations,” Elon says.

Simon 16:27 PT – New Street Research asks about Tesla’s initiatives at maintaining an online-only business model. Elon notes that Tesla’s word of mouth is formidable, and that’s really what drives sales. A retail location is like a viral seed in an area, growing organically. They’re not needed, but they’re more like an accelerant, Elon says. 

Dacia 16:25 PT – “I think there’s too much focus on S and X… They’re nice, but without them, we couldn’t spell S3XY…,” Elon jokes. “That’s A reason to continue selling S and X… They’ll be like 4-5% of Model 3 and Y… They’re not all that important in the long term.”

Simon 16:25 PT – Tesla’s story is fundamentally the Model 3 and Model Y. As for the Model S and X, well, Elon jokingly notes that they’re there *partly* to make sure that the lineup spell “S3XY.” That has to be kept. 

Dacia 16:22 PT – Battery expectations? “We don’t expect to be self-constrained in China for the next year,” Elon says. “We have agreement in place…we’re good for the next year,” Drew concurs. “In some respects ‘Battery Day’ will be ‘Master Plan, Part 3’,” Elon says.

Simon 16:21 PT – Oppenheimer asks about Gigafactory 3’s battery supplier. Elon notes that while nothing is finalized yet, Tesla does not expect to be cell constrained in Gigafactory 3 for at least a year. Drew adds that Tesla has agreements in place to ensure that the initial Model 3 production run in the Shanghai-based facility will be without complications. 

Simon 16:20 PT – Credit Suisse asks about Tesla’s ZEV credits. Is there any quarterly cadence to think about this? Is this going to European automakers? Zach notes that the ZEV Sales credits are a combination of short-term and long-term deals. “We generally try not to run the business based on regulatory credits revenue.” Elon adds that these credits are a relatively small part of Tesla’s revenue. 

Dacia 16:16 PT – “Model S and X parts warehousing is taking up space in Fremont, and it’s not needed. Can use space for Model Y needs, Elon comments regarding space constraints at Tesla’s factory. “Just the rate of improvement, which is not slowing down, has been incredible.” The balance of S and X per week is the expected output from Fremont soon, according to Elon. Totaling 10k.

Simon 16:15 PT – JMP Securities asks if there is some potential to reconfigure Fremont’s floor space considering that the Model S and X are single shift. Elon agrees, stating that these spaces that are being freed will be allotted for Model Y production. Fremont’s improvement is radical, to the point where one can get lost in the factory every few months due to the sheer number of changes happening inside. 

Dacia 16:14 PT – “From a core financial health standpoint… Tesla’s fiscal discipline is dramatically better than times in the past,” Elon says.

Dacia 16:10 PT – “Elon, do you believe M3 is cannibalizing S and X sales? Why else would demand levels step down?” Elon says they’re not quite sure themselves, some cannibalization possible. There’s also market expectation that there’s a refresh of S, X coming, which he’s emphasized is NOT the case. People don’t realize how much better the S and X are now… We need to address that communications issue, Elon says in reference to lower sales compared to M3.

Dacia 16:08 PT – Demand in Q3 will exceed Q2, Elon says. “I think we’ll see some acceleration of that…I think Q4 will be very strong…Q over Q improvements… Q3 and Q4 next year will be incredible.”

Simon 16:07 PT – Bernstein asks a question is Musk is confident that Q3 deliveries can still improve moving forward. Elon notes that so far, demand in Q3 is exceeding that of Q2. He also noted that Q4 will be “very strong.” “Expect quarter-to-quarter improvements,” Musk said, stating that Q1 2020 will be “tough,” and so will Q2 2020 be, though to a lesser degree. Zach explains that in the auto business, there’s this thing called seasonality.

Dacia 16:06 PT – Any updates on Giga China? Model 3 production? Seen anything RE order flow and demand? Elon says long term demand for M3 in greater China is about 5,000 per week. Globally, perhaps 15,000 Model 3 per week, as per Elon’s personal estimate. 

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Simon 16:05 PT – Wolfe Research asks about Gigafactory 3’s targets in China. Elon won’t go into details, though he states that he believes the long-term demand for the Model 3 in the greater China region will be around 5,000 a week. When asked if Tesla would source cars to Europe from China, Elon stated that Europe’s vehicles will be coming from Fremont instead, at least until Gigafactory 4 in Europe is online. 

Dacia 16:04 PT – Any improvements on Gigafactory capacity? “We have seen improvements…we’re in the high 20s in Gigawatt hours and that’s increasing,” Drew responds.

Dacia 16:03 PT – Customer service as a personal priority – what steps are you taking? Elon cites current real-time service updates and increases in service centers and mobile service. Elon also discusses service visits. “A lot of service visits are just questions about the car,” Elon says. “Our number one question is how to use the Autopilot.” “How do I turn it on?”

Simon 15:58 PT – The question and answer portion begins. Here’s one for the battery and powertrain day. Elon notes that the event will be a comprehensive review of Tesla’s battery tech and manufacturing, including a roadmap for a terawatt-hour per year rate. 

Dacia 15:57 PT – As the FSD features roll out, demand will increase. Right now, it’s expectedly limited and the full value isn’t completely realized, Elon says.

Simon 15:51 PT – Elon notes that CTO JB Straubel will be transitioning to an advisory role in the company. JB explains that he is not disappearing out of lack of confidence in the company. He has total confidence in Drew Baglino, who will be taking his place as Tesla’s CTO. JB notes that he is excited to keep working on the company’s new technologies, though Elon sounds notably emotional while reminiscing the CTO’s time with Tesla. They go way back, after all. 

Simon 15:50 PT – Zach addresses the elephant in the room. It is easy to forget that Tesla is playing a long-term game, he says. The Model 3 was a bet, and it’s starting to pay off. Gigafactory 3 is about to be complete. Gigafactory 4 in Europe is underway. Model Y is coming for the automotive market’s most lucrative segment. Indeed, it’s a long-term play. 

Simon 15:45 PT – CFO Zach Kirkhorn takes the stage. He runs down Tesla’s accomplishments, highlighting the record deliveries in vehicles and increasing volume of energy projects. “Adjusting for the impact of credits, Automotive gross margins improved significantly,” he said. 

Simon 15:43 PT – Tesla is now at a point where it is close to self-funding, says Elon Musk. He also noted that Tesla could break-even this quarter and be back to profitability in the following quarter. 

Simon 15:40 PT – Elon discusses the Model S’ Ultimate Car of the Year award from MotorTrend and Model 3’s stellar safety ratings. Musk appears to be reading from a pre-prepared script at this point, though he did state that the Model Y ramp will be far easier than that of the Model 3. He’s also taking some time explaining how pertinent Tesla’s growth is. 

Dacia 15:37 PT – Elon’s remarks may be scripted, but the facts are still awesome. Tesla has a lot to look forward to despite some losses this quarter.

Simon 15:35 PT – Elon starts off by saying how proud he is of Tesla’s team, particularly in light of the Tesla team’s growth and accomplishments in the second quarter. Delivering 95,200 vehicles in three months is no joke, after all. “Achieving a record number of deliveries is a milestone. This was achieved thanks to the tremendous work by the Tesla team,” he said.  

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Simon 15:33 PT – Ooh, look what we have here. The earnings call is starting on time. Martin Viecha takes the floor. Elon, JB and Zach are in attendance. 

Simon 15:30 PT – And here we go. Here’s the classic music. 

Simon 15:25 PT –  Last five minutes before the earnings call begins. We’re about to find out if the event will begin on time or not. 

Simon 15:20 PT – Something that’s particularly interesting in Tesla’s Q2 Update Letter also lies in a section for Model Y production. Finally, after all the way, Tesla has confirmed where the all-electric SUV will be made. Just as expected, the Model 3’s SUV sibling will be manufactured in the Fremont factory. 

Simon 15:15 PT – I get it. Tesla’s Q2 loss is a bit disheartening since the company did reach record deliveries in the second quarter. I guess I was hoping for Tesla to show a small profit somehow. Then again, Elon did say that Q2 will likely end at a loss. So I shouldn’t really get that surprised.  

Simon 15:10 PT – The Q2 Update Letter mentioned a number of gems, I must say. For one, Tesla has $5 billion in cash, the largest it’s been in the company’s history. Higher-margin Model 3s continue to sell well, and this absolute unit of a factory in China is progressing at a stupidly fast pace. Everyone knows Gigafactory 3 will be built fast. But not this fast. This. Is. Insane.

Gigafactory 3’s interior.

The Tesla Gigafactory 3 site as of July 2019. (Credit: Jason Yang/YouTube)

Pretty crazy that the image on the left is already installed somewhere in the image on the right, right? 

Simon 15:05 PT – So here we are again at another Tesla earnings call. The call should start in around 30 minutes not accounting for Elon Time. TSLA stock is currently being battered in after-hours trading due to the electric car maker falling short of Wall Street’s estimates. With record numbers in Q2 though, Tesla shares are likely not done being volatile today. 

 

LIVE BLOG: Tesla (TSLA) Q2 2019 earnings call updates


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The Model Y and Gigafactory 3 heralds a faster, more profitable Tesla

Simon Alvarez

By

Posted on July 26, 2019


Tesla’s second-quarter report and its succeeding earnings call provided updates on what could very well be two of the electric car maker’s most pertinent projects to date: the Model Y ramp and Gigafactory 3 in Shanghai, China. Based on Tesla’s recent reports, it appears that both initiatives are  moving along at an impressive pace, perhaps even faster than initially expected. 

Model Y

When Elon Musk unveiled the Model Y last March, he provided a rough timeline for the upcoming vehicle. During his presentation, Musk mentioned that the all-electric midsize SUV would start deliveries starting Fall 2020 for the Long Range, Dual Motor AWD, and Performance versions, and Spring 2021 for the Standard variant. This was quite conservative, considering that Musk has a reputation for setting extremely aggressive targets for the production of the company’s vehicles. 

Since then, several reports have emerged which hinted at Model Y production being far less volatile and challenging than the Model 3’s manufacturing ramp, a task so difficult that Elon Musk candidly called the period as “production hell.” In the Q2 Update Letter, Tesla confirmed that preparations for Model Y production have begun in the Fremont factory. The company also mentioned that due to the overlap in the components of the Model Y and the Model 3, the company was able to “leverage existing manufacturing designs in the development of the Model Y production facilities.” This bodes well for the midsize SUV, considering that Tesla had rolled out several improvements to Model 3 production process over the years. 

Tesla Chief Designer Franz von Holzhausen confims that test rides are available. (Photo: Gene Liu/Teslarati)

Several other hints have also emerged suggesting that Tesla will be ramping the Model Y with its best technologies available. Recent patent applications, for example, have revealed that Tesla is working on a new wiring architecture that will reduce the wires used in the Model Y to just 100 m per vehicle, a significant reduction from the 1.5 km currently being used for the Model 3. Another patent has also emerged showing the design for a mammoth casting machine, which was hinted at by Elon Musk during an appearance at the Ride the Lightning podcast last month. “When we get the big casting machine, it’ll go from 70 parts to 1 with a significant reduction in capital expenditure on all the robots to put those parts together,” Musk said.  

Considering all the innovation that is being implemented for the Model Y, it appears that Tesla is doing all it can to ensure that the vehicle does not encounter delays with its rollout. In fact, with Fremont already being prepared for the Model Y, and with giant casting machines being designed specifically for the vehicle, it almost seems like Tesla is trying to start the manufacturing of the SUV earlier than expected. There’s a long time between today and Fall 2020, and that seems to be more than enough to work out the manufacturing of a vehicle that is, in essence, a taller, more spacious Model 3. 

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Gigafactory 3

Over in China, another understated Tesla project is taking shape. When Elon Musk attended Gigafactory 3’s groundbreaking ceremony back in January, he stated that initial production of the Model 3 in the facility would begin by the end of the year. This target timeframe was met with disdain and skepticism from critics, many of whom have noted that no car factory has ever been built in the speed that Musk wanted. Six months later, Gigafactory 3’s general assembly building is practically complete, and its interior is already being tooled. Footage from drone flyovers showed the rise of the factory, and images from Tesla’s Q2 Update Letter showed that some sections of the facility already have robots installed in them. 

The interior of Tesla’s Gigafactory 3 in Shanghai, China. (Credit: Tesla)

Quite interestingly, it is not Elon Musk that is providing ambitious timeframes for Gigafactory 3 anymore. Instead, it is Chinese government officials. Local reports, for example, have suggested that China is looking to start initial Model 3 production as early as September, with the facility ramping to an output of 150,000 vehicles per year early next year. Compared to Wall Street’s estimates, which currently suggest that Gigafactory 3 will produce around 35,000 to 40,000 vehicles in 2020, China’s goals for the facility are far more optimistic. 

Gigafactory 3 has pretty much exceeded expectations since work in the facility entered overdrive. Just like the Model Y ramp, the key to Gigafactory 3 lies in the company’s innovations with Model 3 production. Tesla mentioned this in its Q2 Update Letter. “Gigafactory Shanghai continues to take shape, and in Q2 we started to move machinery into the facility for the first phase of production there. This will be a simplified, more cost-effective version of our Model 3 line with capacity of 150,000 units per year – the second generation of the Model 3 production process,” Tesla wrote. 

There is no doubt that 2019 is turning out to be an incredibly challenging year for Tesla. Following the first quarter, which saw lower-than-expected vehicle deliveries, Tesla set new delivery records in the second quarter, only to end once more at a loss. Yet, together with this, the company also ended the quarter in more stable footing, as shown by its $5 billion in cash, the largest in its history. This was recently addressed by Baird analyst Ben Kallo, who noted that “back to the cash flow they generated during the quarter, there’s a couple of hundred million dollars, so this idea that they don’t make money is completely wrong, and the headline needs to change. There’s $5 billion in the balance sheet. They’re not going out of business.” Ultimately, the Model Y and Gigafactory 3 seem to be two projects that are heralding a new era for Tesla: one that is more mature, precise, and poised to disrupt at a scale that’s never seen before.

The Model Y and Gigafactory 3 heralds a faster, more profitable Tesla


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SpaceX CEO Elon Musk posts uncut Raptor, drone videos of Starhopper’s flight test debut

Eric Ralph

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Posted on July 26, 2019


Some two hours after Starhopper’s inaugural untethered flight, SpaceX CEO Elon Musk took to Twitter to post an uncut video showing the ungainly rocket’s launch and landing from the perspective of both a drone and Starhopper’s lone Raptor engine.

As noted by commenters, Starhopper’s first flight also marks perhaps an even more fascinating milestone: it’s technically the first launch ever of a full-flow staged-combustion (FFSC) rocket engine. Whether or not the development hell Raptor required is or was worth it to SpaceX, the company has become the first and only entity on Earth to develop and fly a FFSC engine, beating out the national space agencies of both the United States and Soviet Union, both of which built – but never flew – prototypes.

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Instead of inexplicably shelving a mature prototype development and test program, SpaceX iterated through several subscale Raptor prototypes, test-fired the engines for more than 1200 seconds total, used that data to design and build full-scale Raptors, and finally sped into a hardware-rich test campaign with six (soon to be seven) new engines. After SpaceX settled on a full-flow staged-combustion cycle and methane/oxygen (methalox) propellant, Raptor conducted its first full-scale tests all the way back in 2014, performing preburner flow and ignition tests at NASA’s Stennis Space Center.

Two years and many additional subcomponent tests later, SpaceX successfully performed the inaugural static fire test of its first completed subscale Raptor, a huge milestone for any rocket engine. In the 12 months following its first static fire (September 2016), SpaceX performed dozens of static fire tests with several subscale engines, putting the new propulsion system through >1200 seconds of combined testing.

A year after that, SpaceX was still testing subscale engines but the first full-scale Raptor engine was just a few months away from completing assembly in Hawthorne and heading to McGregor to kick off full-scale static fire testing. Indeed, four months after CEO Elon Musk’s September 2018 update, Raptor serial number 01 (SN01) shipped to Texas in late January and successfully ignited for the first time on February 3rd. SpaceX’s finalized full-scale Raptor engine is designed to produce more than 2000 kN (450,000 lbf, 200 tons) of thrust at full-throttle.

Since that inaugural ignition, SpaceX’s propulsion team – perhaps to their detriment, under orders from Musk – pushed SN01 and several of its successors to their limits as quickly as possible, resulting in severe, irreparable damage in several cases. On the other hand, the no-holds-barred, ‘hardware-rich’ (i.e. destructive) test program has allowed SpaceX to relatively quickly solve several major bugs that prevented the engine from passing longer test fires.

Raptor SN05 was originally expected to support Starhopper’s first flight(s) but had to be passed up after suffering damage in one of its final June 2019 acceptance tests. Raptor SN06 became the first engine – likely thanks to tweaks afforded by data gathered from its failed brethren – to pass all of those acceptance tests, leading to its eventual installation on Starhopper in early July.

Raptor’s impressive development culminated on July 25th with the engine’s first untethered flight while attached to Starhopper, a 9m-diameter (30 ft) low-fidelity prototype that is more or less a mobile test stand for the next-generation SpaceX engine. Raptor is now the only FFSC engine in history that has powered a flight-capable vehicle’s launch and landing, even if said flight featured an apogee of just 20-30 meters (65-100 ft).

“In full-flow staged combustion (FFSC), even more complexity is added as all propellant that touches the engine must necessarily end up traveling through the main combustion chamber to eke every last ounce of thrust out of the finite propellant a rocket lifts off with. As such, FFSC engines can be about as efficient as the laws of physics allow any given chemical rocket engine to be, at the cost of exceptional complexity and brutally difficult development.“

SpaceX delays Starhopper’s first flight a few days despite Raptor preburner test success

For more on what exactly makes full-flow staged-combustion engines uniquely capable and challenging to develop, the subject has been covered at length in past Teslarati articles.

According to Musk, the next major challenge facing Starhopper and (presumably) Raptor SN06 is far more ambitious 200-meter (650 ft) hop and flight test that could happen as soon as the first half of August.

Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes.

SpaceX CEO Elon Musk posts uncut Raptor, drone videos of Starhopper’s flight test debut


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