mmarshall

Well, soon they will be paying for electricity at ridiculous prices. Jump from the frying pan into the fire.

Hameed

Exactly how "soon" will electricity prices become "ridiculous"?
​​​​​​
And how much exactly is a "ridiculous" price?

JeffKeryk

Good point.
In CA, electricity prices are ridiculous now. So I have solar panels. Problem solved.
As prices rise, other solutions evolve. I pay less than $10 per month for electricity.
Including the Tesla charging. Yup.

EZZ

Tesla crushes it again. Exceeds the high on analyst expectations. They can't build them fast enough...

Tesla delivered 936,172 electric vehicles in 2021, with the fourth-quarter setting a new record

PUBLISHED SUN, JAN 2 202211:20 AM ESTUPDATED 11 MIN AGO
Lora Kolodny@LORAKOLODNY



Visitors looking at a China-made Tesla Model Y electric vehicle at the Auto Shanghai 2021 show in Shanghai, China, on April 27, 2021.
Qilai Shen | Bloomberg | Getty ImagesTesla said on Sunday that it deliveredmore than 308,000 electric vehicles in the fourth quarter of 2021, beating its previous single-quarter record. The automaker produced over 305,000 fully electric vehicles total during the same period.

For the full year, Tesla delivered 936,172 vehicles, up from 2020 when it reported its first annual profit on deliveries of 499,647.

In the third quarter of 2021, vehicle deliveries reached 241,300, Tesla’s previous best quarter.

Deliveries are the closest approximation of sales reported by CEO Elon Musk’s electric car company.

Tesla combines delivery numbers for its higher-priced Model S and X vehicles, and lower-priced Model 3 and Y vehicles. The company does not break out sales or production numbers by region.

According to the mean of estimates compiled by FactSet, Wall Street analysts had anticipated Tesla deliveries of 267,000 in the fourth quarter. (Estimates ranged from 245,000 to 292,000.)

Shrugging off shortages

At Tesla’s 2021 annual shareholder meeting, Musk bemoaned a year marked by supply chain problems that made it difficult to obtain enough microchips and other unspecified parts.

Throughout the second year of a global coronavirus pandemic, Tesla was able to increase vehicle deliveries by ramping up production at its first overseas factory in Shanghai, and by making technical changes to the cars that it produces in Fremont, California, so that it could ditch some parts altogether.

Notably, Tesla announced in May that it was removing radar sensors from Model 3 and Model Y vehicles built for customers in North America. Those cars now rely on a camera-based system to enable Tesla’s driver assistance features such as traffic-adjusted cruise control or automatic lane-keeping.

Looking ahead

Musk has proclaimed that he wants to increase Tesla’s vehicle sales volume to 20 million annually over the next nine years. In pursuit of that growth, Tesla is poised to start production of the Model Y crossover at its new factory in Austin, Texas, this year. It aims to open another factory in Brandenburg, Germany, after that.

The company recently moved its headquarters to Texas. The CEO announced the plan in October, and Tesla made it official in early December.

Last month, Musk wrote on Twitter, where he has about 68.4 million followers, “Giga Texas is a $10B+ investment over time, generating at least 20k direct & 100k indirect jobs.” According to public filings, Tesla plans to spend $1.6 billion on the Austin, Texas, factory in its first phase now underway.

Despite progress and ambitions in Texas, Tesla has delayed plans to start high-volume production of its Cybertruck, a distinctly angular pickup, until 2023. The company’s Semi and revamped Roadster are still in the works, too.

Industry outlook

The company now dominates battery electric vehicle sales in the U.S. and much of the world. But it is expected to lose overall market share as competitors bring out fully electric models of their own.

For example, Toyota has told investors it will invest $35 billion to bring 30 battery-electric vehicles out by 2030. Rivian recently began deliveries of its battery-electric pick-up and SUV. And Ford stopped taking reservations for its F-150 Lightning electric pickup truck after receiving 200,000 orders.

Tesla’s sales are still expected to rise with overall electric vehicle demand, which is partly driven by climate regulation.

Hoping to slash air pollution from transportation, states including California and New York, are following in the footsteps of several European countries and cities, by setting a date by which they will ban sales of most gas-powered vehicles.

By 2030, about 24% of new vehicles sold worldwide are likely to be fully electric, according to forecasts from Alix Partners.

mmarshall

That depends on a number of factors....some of them political, and not up for CL discussion.

mmarshall

You are fortunate enough to have a home where systems like that are adaptable.....or feasible. That is obviously not the case with everyone.

JeffKeryk

Just so you know, a key reason i got solar was to spite PG&E, because they keep burning down our forrests while giving their execs huge bonuses.
It turned out to be a no-brainer. I had not planned on buying an EV; so that's just icing on the cake. It gets me to break even faster.

bitkahuna

iTrader: (20)

not everyone can afford that option, but good for you.

LeX2K

The bigger story but hardly talked about is Tesla's margins. If other auto makers are paying attention they should be very concerned. Tesla China is a much better factory than Fremont, Germany and Texas should be even better meaning more efficient and better margins. It will take time to get there however so in the next year except there to be a whole lot of talk about how Tesla's profits are going down.

Och

iTrader: (3)

Its true when they say cost of living is cheaper when you're rich than when you're poor. Taxpayer subsidizer solar panels, taxpayer subsidized tax credits on expensive EVs, and some other perks.

Och

iTrader: (3)

Check electricity prices in Germany.

LeX2K

Energy pricing in Germany is the result of bad policy not because there is something inherently wrong with the solar. They tried to replace ALL fossil energy too quickly because government officials don't have 2 brain cells to rub together. Trust me I know all about such leaders since I live in Canada.

mmarshall

Don't want to get too far off-topic, but I'm not sure with you mean by that statement. Yes, the wildfires in your state have been extremely destructive (and my sympathies are with those who have lost homes, vehicles, and loved ones), but I don't see what PGE has to do with it. Most of those fires are either started by arsonists/careless campfires or by lightning from dry thunderstorms where the rain evaporates and does not reach the ground.

EZZ

Do you realize that PG&E has been linked to five of the most destructive fires in California's history? Now you know.

mmarshall

If so, then so be it. I won't sit in judgement 3000 miles away here, on the East Coast. But, from most of the stats I've seen, throughout most of the West, wildfires are usually started by the methods I stated before. We don't get many dry storms here on the East Coast because of the basically humid climate and abundance of summer moisture.

Back on topic, on this article you posted above, that might explain some of the company's poor quality control. It reminds me (and I owned one) of the explosive initial popularity of the GM X-Body compacts. GM sold more than 900,000 Chevy Citations alone in 1980, not counting the other additional three X-bodies from Buick/Pontiac/Olds. When you produce vehicles at that rate, sometimes with tired or overworked assembly-line employees, and don't have adequate inspection of each vehicle, you are going to have problems...perhaps big-time, like the X-Bodies did. Although some of the new FWD Chrysler products were almost as bad, the Citation had to be the most poorly-assembled new car I ever owned. Even the white paint was hurriedly-applied.....it was thin enough that you could see black marks through it from the primer on the roof.