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Rocket Lab continues to buck the adage that “space is hard” with its small but increasingly reliable Electron rocket. After a slight range hardware malfunction caused a launch abort just shy of orbit during Electron’s inaugural May 2017 launch attempt, Rocket Lab fixed the issue and returned to flight, successfully completing Electron’s first orbital launch in January 2018. On November 11th, 2018, the rocket completed its first truly commercial launch, placing seven various satellite into Low Earth Orbit (LEO), rapidly followed by Electron’s fourth successful launch on December 16th, barely one month later.

On March 29th, Rocket Lab completed yet another milestone launch for Electron, successfully placing its heaviest payload – an experimental ~150 kg DARPA spacecraft known as R3D2 – into an accurate orbit. Even relative to SpaceX’s barebones Falcon 1 launch campaign, which attempted five launches – two successfully – over a three year career, Rocket Lab’s Electron has progressed at an extraordinary pace, taking less than two years to complete its fifth launch and achieving its first launch success after just one attempt and eight months of flight operations.

Relentless progress

  • To find a rocket with a comparable record of success less than two years after its first launch attempt, one must jump back more than half a century to the late 1950s and early 1960s, when Russia and the US were putting their industrial mights to the challenge of achieving spacefaring ‘firsts’. Almost all of those original vehicles – including Redstone, Atlas, Delta, Thor, Titan, and even Saturn V – were able to weather early failures and achieve extraordinary launch cadences just 12-24 months after their debuts.
    • None, however, were developed as an entirely commercial rocket with almost exclusively private funds, although ESA’s Ariane 3 and 4 vehicles nearly fit the bill, with exemplary commercial track records and impressive acceleration from debut to high launch cadences.
  • Incredibly, Rocket Lab has brought Electron from paper to its fourth successful launch in ~16 months on what can only be described as a shoestring budget relative to all past efforts, perhaps even Elon Musk and SpaceX.
    • According to public investment records, the small US-based, New Zealand-operated company may have reached orbit for the first time with less than $100M, including ~$70M in equity investment and unspecified development funding from DARPA in the early 2010s.
  • Rocket Lab’s Electron rocket is quite small, measuring 1.2 m (~4 ft) wide, 17 m (56 ft) tall, and 12,500 kg (27,600 lb) at liftoff, anywhere from a quarter to half the size of SpaceX’s Falcon 1, by most measures.
    • Electron is capable of placing 150–225 kg (330–495 lb) into either a 550 km (340 mi) sun synchronous orbit (SSO) or a lower low Earth orbit (LEO).
    • Electron is advertised with a commercial list price of around $6M.
  • Aside from Electron’s industry-defying record of achievement, its R3D2 launch is impressive for another reason: the cost of the payload relative to the cost of launch. For a rocket on its fifth-ever launch, DARPA reportedly spent no less than $25M to fund the development of the experimental R3D2 smallsat, while – as mentioned above – the cost of Electron’s launch could have been as low as ~$6M from ink to orbit.
    • In slightly different terms, Electron has now launched a payload that could be 4-5X more valuable than itself after just three prior launch successes and less than two years after beginning operations.
    • While ~$30M would not be a huge loss for a military agency like DARPA (FY19 budget: $3.4B), DARPA’s trust in Electron demonstrates impressive confidence in not just Electron, but also Rocket Lab’s standards of manufacturing, operations, and mission assurance.
  • Relative to a vehicle like Falcon 9 or Atlas V, Electron’s R3D2 mission would be comparable to launching spacecraft worth ~$250M to $500M after just five launches. Both larger rockets accomplished similar feats, but small launch vehicles are historically known for less than stellar reliability.
Rocket Lab’s New Zealand-based Electron factory, 2018. (Rocket Lab)

Go[ing] forth and conquer[ing]

  • Put simply, Rocket Lab has managed to build what appears to be a shockingly reliable small launch vehicle with a budget that would make Old Space companies whimper, all while offering a potential cadence of dozens of annual launches at per-launch costs as low as $6M.
    • While the cost-per-kg of a $6M Electron launch is still extremely high relative to larger rockets and rideshare opportunities, what Rocket Lab has achieved is nothing short of spectacular in the commercial spaceflight industry.
    • If there ever was an actual ‘space race’ to fill the small launch vehicle void created by the growth of small satellite launch demand, Rocket Lab has won that race beyond the shadow of a doubt. There is still plenty of room for competition and additional cost savings from a customer perspective, but Electron is so early to the party that future competition will remain almost entirely irrelevant for the better part of 2-3 more years.
  • According to CEO Peter Beck, the company’s ambition is to sustain monthly Electron launches in the nine remaining months of 2019. Flight 6 hardware is likely already on its way to Rocket Lab’s Mahia, New Zealand Launch Complex 1 (LC-1).

Mission Updates

  • The second launch of Falcon Heavy – the rocket’s commercial debut – is still scheduled to occur as early as April 7th, but a slip to April 9-10 is now expected. The massive rocket’s static fire – the first for a Block 5 Falcon Heavy – is set to occur as early as Wednesday, April 3rd.
  • After Falcon Heavy, Cargo Dragon’s CRS-17 resupply mission is firmly scheduled for April (April 25th), while the first dedicated Starlink launch is now NET May 2019.
  • In late May, SpaceX could launch Spacecom’s Amos-17 spacecraft, effectively free to the customer as part of a settlement following the tragic Amos-6 Falcon 9 anomaly that destroy the rocket, satellite, and large swaths of the LC-40 pad in September 2016.

Photo of the Week

NASASpaceflight forum contributor BocaChicaGal provided one of the best glimpses yet of SpaceX’s ongoing Starship prototype test campaign, thus far involving 5+ wet dress rehearsals (WDRs) and one or two Raptor preburner ignitions. The first integrated Raptor static fire (and potential hop test) could occur later this week.
(NASASpaceflight – bocachicagal)


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Tesla’s Elon Musk faces the SEC in hearing over contempt charges (Updates)


The day after the release of Tesla’s Q1 vehicle delivery and production report, CEO Elon Musk headed to a Manhattan courthouse to face the charges leveled against him by the Security and Exchange Commission (SEC). The SEC accused Musk of violating the terms of his settlement with the agency when the CEO tweeted on February 19 that Tesla will produce around 500k vehicles in 2019, echoing one of his statements from the Q4 2018 earnings call.

Musk arrived in the courthouse on Thursday in light spirits. Smiling to cameras, the Tesla CEO told reporters that he respects the American justice system. “I have great respect for the justice system and I think the judges in the American system are outstanding,” Musk said. When prompted by veteran CNBC reporter Phil LeBeau if he feels the same way about the SEC, Musk laughed and walked forward.

The SEC’s arguments

The courtroom was packed as Elon Musk and the SEC’s legal team faced off before U.S. District Judge Alison Nathan. Each side is given 45 minutes to express their arguments. The agency went first, represented by SEC attorney Cheryl Crumpton, who immediately claimed that Musk “recklessly tweeted out information that has no basis in fact (credit to Matt Robinson of Bloomberg, who is currently conducting a Live Blog of the hearing).”

Explaining further, Crumpton stated that the requirement that Musk get pre-approval for his tweets was “the heart of the relief” that the government had sought as part of its settlement. The SEC lawyer also noted it has become pretty clear “over the course of the last few weeks” that Musk does not intend to comply with last year’s settlement terms. Crumpton added that the agreement does not require every single tweet to be pre-approved, provided that the information in the posts was immaterial. “The communication we are talking about here is very, very different,” she said.

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The SEC lawyer also pointed the blame to Tesla, who allegedly is failing to control the conduct of its CEO. “Tesla’s conduct is also troubling to the SEC. This court ordered Tesla to implement a mandatory pre-approval process, but they are apparently fine with Mr. Musk making up his own procedure. Tesla still seems unwilling to exercise any meaningful control over the conduct of its CEO,” Crumpton replied.

Judge Nathan, for her part, asked the SEC lawyer if Musk would need to get approval for tweets that reiterated information that had already been disclosed. The judge went through different hypotheticals with the SEC lawyer, such as repeating earlier guidance. “We’re not saying always yes or always no to that. It depends is the answer,” Crumpton said.

“This is a material statement no matter how you cut it, and it was a violation to not get it pre-approved,” Crumpton added.

For his alleged violations of his settlement, the SEC lawyer called on the court to give Musk a series of escalating fines if he continues to violate the order. Crumpton also stated that the SEC wants the court to order Musk to report monthly on his compliance with the settlement. “We want the court to tell them that this has to observed in the way that it’s written,” the SEC lawyer said.

Response from Tesla’s legal team

With the SEC having completed its argument, it was time for Elon Musk’s legal team to argue their points. Tesla lawyer John Hueston stated that “it’s very clear that Mr. Musk retained discretion in the policy. The policy makes clear that the tweet is subject to a fact-based determination by Mr. Musk.” The Tesla lawyer also stated that Musk’s decision to decide what’s material information was negotiated. “That’s exactly what Tesla negotiated for and got,” Hueston said.

The Tesla lawyer also argued that the SEC is currently pretending to be shocked that Musk gets to decide what is material information and what is not, but that is exactly what the the order says. “They agreed to take out language saying that everything has to be approved. There has to be an oversight process and there is an oversight process. They’re not happy about that today,” he said.

Musk’s legal team stated there is  not a clear enough standard to use the harsh recourse of contempt. Instead, Hueston stated that the SEC should have attempted to work things out with Elon Musk and Tesla before bringing the matter to court. “What the SEC should have done was approach in good faith and try to work things out,” the Tesla lawyer said. In response, Judge Nathan noted that her intent is “not only to invite it but to order it.” The judge also added that she will tell the parties to create a new agreement that incorporates the SEC’s concerns.

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Addressing Musk’ counsel, Judge Nathan inquired about a scenario in which the CEO will be violating the terms of his settlement with the SEC. When the Tesla lawyer noted that he couldn’t think of one, the judge replied “You’re not very imaginative.”

Continuing his points, Hueston noted that the 15 post-order tweets that were cited by SEC as proof of Musk’s violation of his settlement shows that the agency believes “that, apparently, contempt can fall on him for things that he’s tweeting” even if the information had already been disclosed. “They have not shown that the proof of non-compliance is clear and convincing. This is not someone who’s wantonly saying he doesn’t care about processes and procedures. That’s someone who is trying his best to comply and has been diligent,” the Tesla lawyer said (credit to Bloomberg‘s Chris Dolmetsch for the update).

The SEC’s Rebuttal

The SEC lawyer returned stating that the agency did not rush into its request to have Musk held in contempt at all. “Its not that we rushed into court on the first opportunity. There have been a number of tweets over time.” Crumpton further added that the SEC assumed Musk will comply with the terms of his settlement despite his statements in 60 Minutes, where he explicitly commented that he does not respect the SEC.

Hearing Adjourned

Following the SEC’s rebuttal, Judge Nathan asserted that compliance with court orders is not optional, nor is it a game, regardless of whether you are a “small potato or a big fish.” She also noted that government lawyers must take all steps necessary to reach a resolution before invoking contempt, before adding that she has “serious concerns that whatever I decide here the issue will not be finally resolved.”

Judge Nathan ordered the two parties to arrange a meeting and send a letter to the court within two weeks. The parties will be required to indicate if they have reached an agreement or not. If no agreement is reached then, Elon Musk’s legal team and the SEC will hear from her in due course.

The hearing was adjourned after. In a statement following the hearing, Musk stated that he was “very impressed with Judge Nathan’s analysis.”

Tesla’s Elon Musk faces the SEC in hearing over contempt charges (Updates)


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Elon Musk recognizes hackers who altered Tesla Autopilot behavior


Tesla CEO Elon Musk has praised the efforts of Chinese security research firm Tencent Keen Security Lab, which was able to hack into a Tesla Model S with Autopilot. Musk approved of the group’s efforts on Twitter, describing the hackers’ latest research as “solid work.”

“Solid work by Keen, as usual,” Musk wrote on Twitter.

Tencent Keen Security Lab outlined their findings in a blog post on Monday, stating that it was able to activate the Model S’ automatic windshield wipers using a special computer generated image. The group was also able to trick Autopilot’s lane-keeping capabilities by putting specific markings on a road. Lastly, the group successfully controlled the steering wheel of the vehicle using a wireless game controller.

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Elon Musk’s reception of the security lab’s work highlights Tesla’s tech-focused strategy and its efforts to make its vehicles as secure as possible. The company has been very open to the white hat hacking community, as shown by its willingness to give generous rewards for its ongoing Bug Bounty program, which covers the company’s electric cars and energy products, to name a few. Tesla even gave away a (now rare) Mid Range Model 3 RWD to security researchers who were able to hack into the electric sedan at the recently-held Pwn2Own 2019 event.  

This was not the first time that Keen Labs has found potential issues with the security of Tesla’s electric cars. Back in 2016, the group successfully hacked into a Model S to remotely control the vehicle’s brakes. Tesla promptly addressed the security weaknesses that the China-based researchers discovered.

Similar to its response then, Tesla has also addressed the security issues that allowed Keen Labs to hack into the Model S in its latest study. The company noted that the vulnerabilities which allowed Keen Labs to control the vehicle through a gamepad had already been addressed. A company spokesperson also stated that the vulnerabilities related to the Model S’ automatic wipers and Autopilot’s lane detection did not represent real-world scenarios.

“The rest of the findings are all based on scenarios in which the physical environment around the vehicle is artificially altered to make the automatic windshield wipers or Autopilot system behave differently, which is not a realistic concern given that a driver can easily override Autopilot at any time by using the steering wheel or brakes and should always be prepared to do so, and can manually operate the windshield wiper settings at all times,” Tesla noted.

The full results of Tencent Keen Security Lab’s study could be accessed here.

Elon Musk recognizes hackers who altered Tesla Autopilot behavior


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Porsche Taycan Turbo regen braking and sound details teased in first ride


The Porsche Taycan is nearing its official reveal, and the German carmaker is currently conducting the all-electric car’s final tests. As the vehicle’s last details get ironed out, auto publication CNET Roadshow was able to get an opportunity to ride shotgun in one of Porsche’s Taycan prototypes in Sweden, to experience the company’s next-generation vehicle firsthand.

The publication was able to take a ride in a test mule of the Taycan’s top-tier variant, a version speculated to be dubbed as the “Taycan Turbo.” Just as revealed in previous sightings, the Taycan Turbo boasts 600 horsepower with an all-wheel-drive powertrain that enables 0-60 mph times of less than 3.5 seconds. Over the course of the drive, several aspects of the vehicle became quite noticeable.

The Porsche Taycan will utilize a regenerative braking system that is quite different from those used by popular electric cars like the Tesla Model S, which engage their regen braking when the driver releases the accelerator. The Taycan does not do this, as the vehicle only coasts when the accelerator is released. The Taycan’s regenerative braking only happens when drivers press lightly on the brake pedal. When the brakes are pressed harder, the Taycan’s hydraulic brakes are engaged.

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Bernd Propfe, director of the Taycan’s platform product line, described the process to the publication. “Coasting is the most energy-efficient way to do it, because braking always goes along with a loss of energy, because no engine has a 100 percent ratio. We strongly believe that the customer, if he wants to brake, he should hit the brake,” he said.

While such a strategy will make one pedal driving impossible with the Taycan, the vehicle’s regenerative braking process is distinctly on-brand. Porsche prides itself as a maker of drivers’ cars, and requiring its customers to actively use both the accelerator and brake pedal while operating the Taycan could be considered part of the all-electric sedan’s genuine driving experience.

Also unique in the Taycan is the vehicle’s two-speed transmission at the rear. Electric cars like the Model S utilize a single gear transmission, partly due to the power generated by the vehicle’s electric motors. Tesla attempted a two-speed transmission in the original Roadster back in 2008, only to abandon the design after the transmission units showed a tendency to self-destruct just a fraction into the all-electric sports car’s lifespan. If Porsche’s design with the Taycan is any indication, it appears that the German carmaker is confident that it can use a two-speed transmission for the all-electric four-door sedan without compromising anything.

Propfe proved quite secretive when it came to the Taycan’s sound, only stating that it will be digitally created and it will change depending on the specific mode of the all-electric car. The platform line director added that the Taycan’s sound is still very much in development. Fortunately, this sound was captured recently in a sighting of a Taycan test mule in Copenhagen, Denmark. While taking off on a parking lot ramp, the Taycan gave off a truly unique noise that invoked a mix between a traditional high-performance sports car and a spaceship.

The Taycan’s sound is best heard firsthand. Make sure to keep the volume up.

And here’s CNET Roadshow‘s segment on its first ride with the Taycan.

Porsche Taycan Turbo regen braking and sound details teased in first ride


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Tesla Semi, all-electric trucks get scathing criticism from auto tech expert


The Tesla Semi might be receiving a lot of interest from companies and the electric vehicle community as a whole, but an automotive technology expert from Germany is not that impressed. In a statement, Chair of Automotive Engineering at the Technical University of Munich Markus Lienkamp criticized all-electric trucks like the Tesla Semi, stating that such vehicles are pretty much pointless in the economic and ecological sense.

“The battery for a Tesla Semi must have a capacity of about 1000 kWh, per 100 kilometers about 130 kilowatt-hours. This is technically not easily feasible and it’s also pointless both economically and ecologically,” he said.

Lienkamp’s scathing criticism comes on the heels of a study from Transport and Environment, a consortium of European environmental organizations that conducted a study comparing the energy consumption and environmental costs of conventional diesel trucks and their all-electric counterparts. Two diesel trucks were used for the study: one with an average consumption of 33 liters per 100 kilometers (around 7 mpg) and a more aerodynamic truck with a consumption of 22 liters per 100 km (10.69 mpg).

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The results of Transport and Environment’s study found that diesel trucks consume between 2.2-3.3 kilowatt-hours per kilometer, far above the consumption of an average electric truck, which requires 1.44 kWh per km. Electric vehicles that are designed from the ground up for maximum efficiency such as the Tesla Semi require just 1.15 kWh per km. The study’s authors concluded that overall, using all-electric trucks reduces energy consumption by a factor of 1.5-2.9.

All-electric trucks surpass diesel trucks in terms of efficiency as well. The study revealed that a diesel truck engine has an efficiency of 20-45% on long-haul routes and a measly 10% in city traffic. In comparison, electric trucks have a 90% efficiency for long routes and 75% in urban traffic. Lienkamp is not convinced, arguing that the source of the electricity used by vehicles like the Tesla Semi affects efficiency.

“The efficiency of the electricity mix used for the truck battery is important. If the energy comes from a gas-fired power plant, for example, the overall efficiency quickly drops back to 40%. If, on the other hand, 80% to 90% of the electricity comes from renewable sources, as planned in the EU for 2040, long-distance trucks would be attractive from an ecological point of view,” he said.

Tesla Semi hauling Tesla Model 3 and X. | Credit: Tesla

The authors of the study maintained that electric trucks are cheaper to repair and maintain simply because they have fewer moving parts. Even brakes will rarely need replacing, thanks to systems like regenerative braking. While these are compelling advantages, Lienkamp stated that “for distances of 500 kilometers and beyond, battery-powered trucks simply won’t make any economic sense until 2030,” adding “with electric vehicles, the cost of trying to reduce CO2 levels is simply too high.”

It should be noted that the Tesla Semi, at least in its upcoming iteration, is not designed to enter the long-haul market that is dominated by trucks that can go over 1,000 miles in one full tank. Rather, the Tesla Semi is designed to compete in short-range routes that range from 300-500 miles. From this perspective, it becomes difficult to argue against the Tesla Semi.

The Tesla Semi is a Class 8 truck, and with its four Model 3-derived electric motors, the all-electric long-hauler is capable of sprinting from 0-60 mph in just 5 seconds without a trailer. With a full load, the Semi can reach highway speeds in 20 seconds, far quicker than conventional diesel trucks. The Tesla Semi is currently undergoing real-world tests, in preparation for its production, which is expected to start either this year or sometime in 2020.

Tesla Semi, all-electric trucks get scathing criticism from auto tech expert


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Tesla slips on Q1 production and deliveries amid global growing pains, Model 3 remains market leader


Tesla has released its production and delivery figures for the first quarter of 2019, and closing out a quarter that clearly highlights the company’s growing pains amid its push for global expansion. In Q1 2019, Tesla produced a total of 77,100 vehicles, or down roughly 12% from the last quarter. Total deliveries declined to 63,000 vehicles, roughly 30% less than Q4 2018’s all-time-high of 90,700. Analysts were targeting 76,000 deliveries for the first quarter.

Tesla’s Q1 production numbers are comprised of 62,950 Model 3 vehicles, in line with the company’s guidance. Tesla also produced a total of 14,150 Model S and X, a pretty drastic drop from the more than 25,000 vehicles in Q4. Tesla did not provide commentary around the drop of Model S and X deliveries.

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By the end of the quarter, Tesla had 10,600 vehicles in transit to customers, which are expected to be delivered in early Q2 2019. Tesla stated that the company had delivered roughly half of the quarter’s deliveries in the last 10 days, largely due to the time it took to ship Model 3’s to Europe and China.

Despite the quarter falling below expectations, the company is still targeting to deliver 360,000 – 400,000 vehicles for the full year 2019. Tesla’s commitment to its original expectations would mean that the company has to deliver 99,000 – 112,300 vehicles for each of the following three quarters. The company stated that their net income would be negatively impacted by the lower than expected deliveries, but that they ended the quarter with “sufficient cash.”

You can read Tesla’s Q1 2019 delivery and production report in its entirety below.

 

Tesla Q1 2019 Vehicle Production & Deliveries

PALO ALTO, Calif., April 03, 2019 (GLOBE NEWSWIRE) — In the first quarter, we produced approximately 77,100 total vehicles, consisting of 62,950 Model 3 and 14,150 Model S and X.

Deliveries were approximately 63,000 vehicles, which was 110% more than the same quarter last year, but 31% less than last quarter. This included approximately 50,900 Model 3 and 12,100 Model S and X.

Due to a massive increase in deliveries in Europe and China, which at times exceeded 5x that of prior peak delivery levels, and many challenges encountered for the first time, we had only delivered half of the entire quarter’s numbers by March 21, ten days before end of quarter. This caused a large number of vehicle deliveries to shift to the second quarter. At the end of the first quarter, approximately 10,600 vehicles were in transit to customers globally.

Because of the lower than expected delivery volumes and several pricing adjustments, we expect Q1 net income to be negatively impacted. Even so, we ended the quarter with sufficient cash on hand.

In North America, Model 3 was yet again the best-selling mid-sized premium sedan, selling 60% more units than the runner up. Inventory of Model 3 vehicles in North America remains exceptionally low, reaching about two weeks of supply at the end of Q1, compared to the industry average of 2-3 months. 

Despite pull forward of demand from Q1 2019 into Q4 2018 due to the step down in the federal tax credit, US orders for Model 3 vehicles significantly outpaced what we were able to deliver in Q1. We reaffirm our prior guidance of 360,000 to 400,000 vehicle deliveries in 2019. 

Given that Tesla vehicle production currently occurs entirely from one factory in the San Francisco Bay Area, but must be delivered to customers all around the world, production could be significantly higher than deliveries, as it was this quarter, when production exceeded deliveries by 22%.

We’ve just begun the global expansion of Model 3, and we want to thank our employees for their hard work and our customers for supporting our mission. We are doing everything we can to deliver cars globally as quickly as possible and look forward to continuing to scale deliveries throughout the year.

***************

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. We count a produced but undelivered vehicle to be in transit if the related customer has placed an order or paid the full purchase price for such vehicle. Final numbers could vary by up to 0.5%. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.

Forward-Looking Statements

Certain statements herein, including statements regarding expected future vehicle deliveries and production and our expected financial results, are “forward-looking statements” that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.

Tesla slips on Q1 production and deliveries amid global growing pains, Model 3 remains market leader


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Tesla introduces no-confirmation Navigate on Autopilot


Tesla has announced the rollout of its most advanced driver-assist feature yet: no-confirmation Navigate on Autopilot. With the system in place, drivers could have their vehicles perform lane changes on their own without confirming the maneuver through the vehicle’s turn signal stalk.

In a blog post, Tesla noted that drivers have traveled more than 66 million miles since Navigate on Autopilot was released. Over this period, the driver-assist feature has successfully completed more than 9 million suggested lane changes. The electric car maker notes that the reception to Navigate on Autopilot has been positive so far, with owners stating that the feature makes trips easier and more enjoyable.

The improvements to Navigate on Autopilot are poised to give Tesla owners a better experience using the company’s driver-assist feature. Even at its current iteration, Navigate on Autopilot’s capability to perform on-ramp to off-ramp maneuvers is already hailed as an incredibly useful capability. With no-stalk confirmation now an option, trips done with Autopilot engaged will be even more convenient. 

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The rollout of no-confirmation Navigate on Autopilot is another indication that Tesla is conducting a serious push in the development of its Full Self-Driving features. Apart from Elon Musk’s hints that more Full Self-Driving features will be coming later this year, Tesla has also announced that it will be holding an Autonomy Investor Day event this coming April 19 at its Palo Alto headquarters. During the event, shareholders will have the chance to experience Autopilot and Full Self-Driving features that are yet to be released.

Below is Tesla’s blog post about no-confirmation Navigate on Autopilot.

Introducing a More Seamless Navigate on Autopilot

Since we first introduced Navigate on Autopilot last year, Tesla drivers have traveled more than 66 million miles using the feature, and more than 9 million suggested lane changes have been successfully executed with the feature in use. We’ve heard from our customers that it makes road trips and highway driving more relaxing, enjoyable and fun, and gives them an easy way to follow their car’s navigation guidance when traveling on an unfamiliar route.

Today, we’re beginning to roll out our latest version of Navigate on Autopilot for a more seamless active guidance experience. In this new version, drivers will now have the option to use Navigate on Autopilot without having to confirm lane changes via the turn stalk. Here’s how it works:

In the Autopilot settings menu, a driver can press the Customize Navigate on Autopilot button which will now display three additional settings – Enable at Start of Every Trip, Require Lane Change Confirmation, and Lane Change Notification. Through the Enable at Start of Every Trip setting, Navigate on Autopilot can be set to automatically turn on each time a driver enters a navigation route. Once enabled, anytime a driver is on a highway and uses Autopilot with a location plugged into the navigation bar, the feature will be on by default. If a driver selects ‘No’ to Require Lane Change Confirmation, lane changes will happen automatically, without requiring a driver to confirm them first. Drivers can elect to get notified about an upcoming lane change by receiving an audible chime as well as a default visual prompt. Additionally, all cars made after August 2017 will also have the option to have their steering wheel vibrate for the alert as well.

Each of these notifications are meant to provide drivers with the opportunity to check their surroundings and determine whether they want to cancel the lane change before it’s made. Cancellations can be made by moving the car’s turn signal or by pressing the lane change cancellation pop-up notification on the car’s touchscreen. This feature does not make a car autonomous, and lane changes will only be made when a driver’s hands are detected on the wheel. As has always been the case, until truly driverless cars are validated and approved by regulators, drivers are responsible for and must remain in control of their car at all times.

Through our internal testing and Early Access Program, more than half a million miles have already been driven with the lane change confirmation turned off. Our team consistently reviews data from instances when drivers took over while the feature has been in use, and has found that when used properly both versions of Navigate on Autopilot offer comparable levels of safety. We’ve also heard overwhelmingly from drivers in our Early Access Program that they like using the feature for road trips and during their daily commutes, and we’re excited to release the option to the rest of the Tesla family.

These new settings will be available to customers who have purchased Enhanced Autopilot or Full Self-Driving Capability. They will begin to roll out today via an over-the-air software update to customers in the U.S., and will be introduced in other markets in the future pending validation and regulatory approval.

Tesla introduces no-confirmation Navigate on Autopilot


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Tesla bear gets shot down after insisting that ‘competition’ is coming for TSLA


A Tesla (NASDAQ:TSLA) bear’s arguments about the impending arrival of competitors in the electric car market was boldly shut down in a recent segment on CNBC’s Squawk Box. During the exchange, veteran journalist Phil LeBeau aired what could only be described as a longtime sentiment from Tesla investors: After all those predictions, where are Tesla’s supposed competitors?

The Squawk Box segment featured Tasha Keeney of Ark Invest and Craig Irwin of Roth Capital Partners, each one representing the bull and bear side for TSLA stock. While Keeney reiterated ARK’s optimistic stance on Tesla and its potential in the full self-driving market, Irwin instead focused on what he alleged was the electric car maker’s disadvantage in battery technology. The Tesla bear insisted that Tesla is currently paying $240/kWh for its cells from Japan while Porsche and Volkswagen are paying $250/kWh. This was a point that Phil LeBeau directly addressed, citing the findings of Sam Jaffe from Cairn Energy Research, who estimated that Tesla has reached costs of around $116 per kWh for its battery cells.

The Roth Capital Partners analyst added that he is taking a bearish stance against Tesla now due to the incoming wave of competitors that are coming to the market. Irwin specifically pointed to the Porsche Taycan as one of these vehicles.

“It’s starting this year. That’s why I chose to initiate with a bearish perspective. Porsche is going to come on with the Taycan, you’ve got Kia, you’ve got the I-PACE… You got to look at the history, so the Cayenne, the first thing they said 10, then they said 20, then it became 40. So it ramped very very quickly. They set expectations low, make a lot of money on the front end, and ramp. Porsche, their business is making money. They’re not about, you know, fluffing numbers. So if they think they can sell 30,000 cars into the market over the next 18 months and make a great profit on it, they’ll do it. But they’re not gonna flood the market to a point you know, it compresses margins,” Irwin claimed.  

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Irwin’s thesis was immediately met by a rebuttal from LeBeau, who noted that the argument for Tesla competitors has been going on for a long time. The CNBC journalist argued that it is better for other carmakers to start showing (not just telling) how they can actually compete with Tesla by releasing a real, compelling electric vehicle.

“I think it poses a problem for Tesla from the standpoint of ‘Let’s finally see this vehicle.’ I honestly believe based on Tesla owners that I’ve talked with as well as those who track the company, we’re tired of hearing ‘the competitors are coming, the competitors are coming.’ Bring it out. Bring it out, and if Porsche’s Taycan is as impressive as the initial indications are, then it will be a threat to Tesla, but until then, this is a little bit like The Boy (Who) Cried Wolf. We hear it all the time. ‘There’s a wave of vehicles coming.’ Well, that wave of vehicles isn’t here yet. It was supposed to be here by 2019. It’s not here yet. When does it get here? If I’m a Tesla investor, I’m not too worried about this argument until we start to see these vehicles,” LeBeau retorted.

Phil LeBeau was actually being quite generous when he noted that the Porsche Taycan will be a threat to Tesla. Porsche is a niche carmaker, and it is a company that prioritizes the exclusivity of its vehicles. At most, the Taycan will eat into the Model S’ sales since they compete in the same segment. The German-made all-electric car from Porsche will not compete in the same mass-market segment as the Model 3, or the Model Y for that matter.

One thing that Tesla skeptics always seem to forget is that electric vehicles from other carmakers will not kill or overwhelm Tesla. Instead, they are vehicles that contribute to the mission of the electric car maker, which is to encourage the world to shift away from the internal combustion engine. Thus, every Taycan and I-PACE that is sold is not a lost sale for Tesla; it is a lost sale for gas and diesel-powered vehicles.

Watch the recent TSLA bull vs. bear debate in CNBC’s Squawk Box in the video below. 

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

Tesla bear gets shot down after insisting that ‘competition’ is coming for TSLA


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Tesla will start installing Model 3 production equipment in Gigafactory 3 this May: report


Tesla President of Automotive Jerome Guillen and Shanghai Deputy Mayor Wu Qing held a meeting on Tuesday, where they discussed the progress of Gigafactory 3’s buildout in the Shanghai Lingang Industrial Zone. The Tesla executive and Chinese official shared in-depth updates on the project, including an estimated timeframe for the installation of the facility’s vehicle production lines.

Local news agency Laoyaoba, which covered the meeting, pointed out that the installation of vehicle production equipment could start as early as May, when the initial stages of the facility are expected to be completed. This represents a notable accomplishment for both the electric car maker and its construction partner, considering that Gigafactory 3 is one of the most ambitious foreign-owned projects that have been attempted in China.

Based on this recent update, it appears that Tesla intends to start the installation of production equipment in Gigafactory 3 while other areas of the 864,885-square meter site are still under construction. This is a bold and risky move on Tesla’s part, but if the electric car maker pulls it off, such a strategy will likely help the company meet its goal of starting Model 3 production in Gigafactory 3 by the end of 2019.

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Guillen and Wu also discussed the recent milestones of the project. Construction work in Gigafactory 3 started back in January, and since then, the first phase of the buildout has been moving along very well. Pile foundation structures have been completed, and the steel structure construction of the factory has begun. Multiple sets of steel roof grids have also been completed.

Gigafactory 3 is under an incredibly ambitious timeline. During the groundbreaking ceremony of the facility, Elon Musk noted that he expects the factory to be completed around summer. This timeframe was mocked by Tesla’s skeptics, many of whom claimed that such a target was impossible. This was until Shanghai official Chen Mingbo stated that Gigafactory 3 was on track to be completed by May, a date even more ambitious than Musk’s estimate.

The work in Tesla’s Gigafactory 3 site in Shanghai does not stop for the night. (Photo: 烏瓦/YouTube)

Part of the reason behind Gigafactory 3’s rapid progress is the support that Tesla enjoys from the Chinese government. Tesla’s presence in China is beneficial to the country, which is aggressively pushing for the adoption of electric vehicles. In a statement to Xinhua News, Cui Dongshu, secretary general of the China Passenger Car Association, noted that Tesla’s China production will have a “catfish effect” in the country’s auto industry, pushing domestic carmakers to expedite and improve their own electric vehicles to compete with the Silicon Valley-based electric car maker.

China’s support for Tesla was evident during Musk’s visit to the country. When Musk met with Chinese Premier Li Keqiang in Beijing, the CEO was received at the Tower of Violet Light, a place that is usually reserved for dignitaries. Li also proved receptive to Musk’s ambitious ideas, even offering the CEO a “Chinese Green Card” so that he can pursue his vision in the country freely.

Tesla will start installing Model 3 production equipment in Gigafactory 3 this May: report


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Tesla to showcase future Autopilot features in Autonomy Investor Day


Tesla has announced that it will be holding an Autonomy Investor Day on the morning of April 19 at its headquarters in Palo Alto, CA. The event will see the electric car maker discuss the roadmap for its full self-driving features, which will be introduced through over-the-air updates.

The event will provide investors with a deep dive into the company’s full self-driving strategy, and it will include updates from several of Tesla’s key executives that are actively involved in the development of autonomous software and hardware. Among these are CEO Elon Musk, VP of Engineering Stuart Bowers, VP of Hardware Engineering Pete Bannon, and Sr. Director of AI Andrej Karpathy.

Perhaps most interesting is that attendees of the event will be able to experience these full-self driving and Autopilot improvements firsthand. Test drives will be given to investors in the event, and the vehicles that would be used will be equipped with features and functionalities that are still in development. This means that some of Autopilot and Full Self-Driving’s never-before-seen features will likely make a debut on the event.

Similar to the recent unveiling of the Model Y SUV, Tesla’s Autonomy Investor Day will be webcast. Tesla is yet to announce where the livestream will be available, though the company has stated that additional details will be released in the near future.

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The Autonomy Investor Day could be considered as one of Tesla’s most serious moves to date in terms of its full self-driving initiatives. Tesla has been fairly conservative with the rollout of its upcoming autonomous driving capabilities lately, with the company focusing more on improvements to existing features like Navigate on Autopilot and Summon, both of which are now part of the company’s Full Self-Driving suite. Elon Musk has hinted at upcoming FSD capabilities as well, such as the ability to recognize traffic lights and stop signs, as well as automatic driving in city streets.

Tesla’s full self-driving efforts are mostly eclipsed today by the work of companies like Waymo and GM Cruise, both of which are immediately aiming for Level 5 autonomous driving. In a recent study, Navigant Research even listed Tesla as the second-worst company currently pursuing autonomous driving tech, ranking the company just above Apple, which is ranked last. Amidst these sentiments from skeptics, Tesla’s  Autonomy Investor Day seems poised to prove the company’s critics wrong yet again.

Read Tesla’s full announcement for the upcoming investor event below.

PALO ALTO, Calif., April 03, 2019 (GLOBE NEWSWIRE) — Tesla is making significant progress in the development of its autonomous driving software and hardware, including our FSD computer, which is currently in production and which will enable full-self driving via future over-the-air software updates. With a number of very exciting developments coming in the weeks and months ahead, Tesla will host investors on the morning of April 19th at our headquarters in Palo Alto to provide a deep dive into our self-driving technology and road map. 

Investors will be able to take test-drives to experience our Autopilot software first-hand, including features and functionality that are under active development. Investors will also hear directly from Elon Musk, as well as VP of Engineering, Stuart Bowers, VP of Hardware Engineering, Pete Bannon, and Sr. Director of AI, Andrej Karpathy. 

The event will be webcast. Additional details forthcoming.

Tesla to showcase future Autopilot features in Autonomy Investor Day


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