Model 3 (Tesla)

Apr 26, 2019

On April 24, Tesla released its first quarter 2019 update showing the company lost USD 702.1 million on automotive revenues of USD 3.72 billion, which had increased 36.1% from the same quarter in 2018.
The company's non-GAAP automotive profit margin was 20.2% in the first quarter, an improvement from 19.7% in 2018.
Total revenues including energy generation and storage products and services increased 33.2% from the same quarter last year to USD 4.54 billion.
Among other problems cited in the quarter, the company noted logistics problems as Model 3 exports to China and Europe had only begun in the first quarter.
In a letter to investors, CEO Elon Musk said that the company expects to lose money in the second quarter but return to profitability in the third quarter of 2019.
The first quarter 2019 loss follows two consecutive profitable quarters, with the company only recording a profit for a total of four quarters since 2010.
The company produced 77,138 vehicles in the first quarter at its plant in Fremont, California, which included 14,163 Models S and X, and 62,975 Model 3s.
Models S and X production was down 43% from the same period in 2018 for a variety of reasons, including the fact that means for installing upgraded powertrains and suspensions were introduced in the first quarter.
Model 3 production was up a modest 3% from the previous fourth quarter of 2018, and 545% from first quarter 2018.

(Tesla release on April 24, 2019)

Apr 26, 2019

In its first quarter 2019 update on April 24, Tesla laid out its production methodology going forward in Shanghai and current Fremont plant.
While production of its Models S and X were down to 14,163 units, the production line for those models at the Fremont plant was updated to accommodate the next generation of powertrains and suspensions during the first quarter.
Tesla produced 62,975 Model 3 vehicles in the first quarter, approximately 3% more than the previous quarter.
Going forward, Tesla intends the Model 3 platform to be increasingly more cost effective as it is replicated across regions and vehicle types.
Gigafactory Shanghai and the upcoming Model Y SUV production line will be the first to benefit from recent experience, allowing Tesla to build a second-generation Model 3 line in China that its expects to be 50% cheaper per unit of capacity than current Model 3-related lines in Fremont and Gigafactory 1.
Tesla’s Model Y manufacturing capacity will share the same simplicity as the line planned for Gigafactory Shanghai.
With the long-range version of the Model Y having 300 miles of range and priced advantageously with competing luxury performance electric SUVs, Tesla projects it will have higher sales than the Models S, X and 3 sedans combined.
If Gigafactory Shanghai is able to reach volume production early in the fourth quarter of 2019, Tesla projects it may be able to produce 500,000 vehicles in combination with Fremont in 2019.
Tesla acknowledges the aggressiveness of its targeting, but feels that producing over 500,000 vehicles globally in the 12-month period ending June 30, 2020 appears very likely.

(Tesla release on April 24, 2019)

Apr 25, 2019

On April 23, Tesla announced that, beginning immediately, Model S and Model X now come with an all-new drivetrain design that increases range to 370 miles and 325 miles on the EPA cycle for the Model S and Model X Long Range, respectively, using the same 100 kWh battery pack.
In addition to its Long Range and Performance variants, Tesla is re-introducing a lower entry price for Model S and Model X by bringing back the Standard Range option.
All Model S and X vehicles now benefit from Tesla’s latest generation of drive unit technology, which combines an optimized permanent magnet synchronous reluctance motor, silicon carbide power electronics, and improved lubrication, cooling, bearings, and gear designs to achieve greater than 93% efficiency.
These new changes are going into production immediately at the factory in Fremont, California.
Pairing a permanent magnet motor in the front with an induction motor in the rear enables a 10% improvement in range and faster 0-60 mph times for Tesla’s Long Range and Standard Range models.
Accompanying the new drivetrain design, Model S and Model X are now capable of achieving 200 kW on V3 Superchargers and 145 kW on V2 Superchargers, enabling customers to recharge 50% faster.
Tesla has also upgraded the air suspension system for Model S and Model X with fully-adaptive damping, offering an ultra-cushioned feel on the highway and improved system leveling to keep the car low to reduce aerodynamic drag.
Other updates include new wheel bearings and tire designs.

(Tesla press release on April 23, 2019)

 Parts Procurement Status