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From: FL_Guy10/9/2019 9:01:15 AM
   of 18199
 
Elon Musk Brands Himself An “Idiot” In Thai Cave Rescue Defamation Lawsuit

A little insight on the character of Musk.

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From: Eric10/9/2019 9:07:05 AM
   of 18199
 
Tesla-Panasonic relationship hits hard times as Tesla moves to make its own batteries

Fred Lambert

- Oct. 9th 2019 4:16 am ET

@FredericLambert




66 Comments

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A new report paints the Tesla-Panasonic relationship as hitting some hard times and it happens just as Tesla is moving to manufacture its own battery cells.

A new Wall Street Journal report is citing sources within Panasonic that describe a tumultuous relationship with Tesla, which has become an important partner for the battery manufacturer.

Over the last few years, Tesla has become the world’s largest consumer of li-ion battery cells and Panasonic has been its main supplier since the days of the original Tesla Roadster.

In preparation for the Model 3, the two companies partnered on Gigafactory 1 in Nevada where Panasonic produces battery cells that Tesla then assembles into battery packs at the same location.

The factory quickly became the largest li-ion battery factory in the world, but earlier this year, Tesla said that Panasonic’s battery cell production was limiting Model 3 production.

In the report, sources at Panasonic say that the two companies are arguing over the cost of the battery cells, the timeline to ramp up production, and “culture”:
“Inside Panasonic, opposition to the alliance heated up. While Mr. Tsuga liked the way Mr. Musk would set a difficult target and meet it—at least sometimes—other Panasonic executives and board members found the entrepreneur’s antics off-putting. That included the September 2018 incident in which he appeared to smoke pot in a video interview with comedian Joe Rogan. In Japan, use of marijuana is a serious crime, and celebrities found with it often are compelled to apologize publicly.”
Elon Musk’s self-described “nano management” style also reportedly clashes with Panasonic:
“Mr. Musk’s management style also bothered Panasonic. With hundreds of thousands of employees, Panasonic was used to giving its units autonomy to solve problems. Those units might move slowly, seeking Japanese-style consensus, but they didn’t have to kick everything up to the executive suite in Osaka.”
The report says that Mr. Tsuga, Panasonic’s CEO, is now one of the only remaining proponents of the partnership with Tesla.

Tesla lost two executives who were responsible for the relationship with Panasonic over the last year.

However, Panasonic just hired a former long-time Tesla battery executive Celina Mikolajczak for a new senior role at the Gigafactory.

The more difficult relationship also happens as Tesla is moving to manufacture its own battery cells.

Electrek’s Take

The WSJ report focuses on a “culture” clash between the two companies leading to a strained relationship, but it didn’t even go into the fact that Tesla is moving to produce its own battery cells.

We have seen a ton of evidence of that recently, including Tesla acquiring a battery production expert company, Tesla job listings for battery manufacturing, and several Tesla executives all but confirmed the move during the last shareholder’s meeting.

It’s clear that this is the biggest strain on Tesla’s relationship with Panasonic.

On their side, Panasonic has also made a battery partnership with Toyota, so they are also moving on their side.

I think the two companies will still have a relationship going forward, but it will be more of a regular supplier-buyer relationship than the more wide-ranging relationship.

electrek.co

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To: Eric who wrote (11889)10/9/2019 10:32:31 AM
From: kidl
1 Recommendation   of 18199
 
Here is the WSJ link to their Panasonic article. Much more in depth than the Electrek version:

wsj.com

My thought:

Musk should be careful. He is on thin ice as he has a long way to go with his (large scale) in-house battery production plans.

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To: Eric who wrote (11884)10/9/2019 10:48:47 AM
From: Savant
   of 18199
 
batteries "can power half the homes on the island for up to eight hours."

Would think the diesel generators could cover an outage for longer than 8 hours.

Don't know if that would be needed, unless the cables went bad. But think replacement would take longer.

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To: Savant who wrote (11891)10/9/2019 11:56:36 AM
From: Eric
   of 18199
 
Would think the diesel generators could cover an outage for longer than 8 hours.

Oh they can, but they are very expensive to operate and maintain.

We have two submarine cables that go over to the San Juan Islands here in Western Washington state.

A number of years ago both of them failed (insulation breakdown).

Didn't affect my home up on Stuart Island.

Virtually all of my electrons derived from PV's, the rest by windpower.

Vastly cheaper power than derived from ff's.

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From: kidl10/9/2019 4:40:40 PM
   of 18199
 
Tesla Announces Date for Third Quarter 2019 Financial Results and Webcast

PALO ALTO, Calif., Oct. 09, 2019 (GLOBE NEWSWIRE) -- Tesla will post its financial results for the third quarter of 2019 after market close on Wednesday, October 23, 2019. At that time, Tesla will issue a brief advisory containing a link to the Q3 2019 Update Letter, which will be available on Tesla’s Investor Relations website. Tesla will hold a live question and answer webcast that day at 3:30pm Pacific Time (6:30pm Eastern Time) to discuss the Company’s financial and business results and outlook.

What:

Date of Tesla Q3 2019 Financial Results and Q&A Webcast

When:

Wednesday, October 23, 2019

Time:

3:30pm Pacific Time / 6:30pm Eastern Time

Shareholder Letter:

ir.tesla.com

Webcast:

ir.tesla.com (live and replay)

Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.

For additional information, please visit ir.tesla.com.

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To: kidl who wrote (11893)10/9/2019 5:11:13 PM
From: kidl
   of 18199
 
The usual run-up to Q results started a little earlier than usual. From what I have seen so far, analysts don't share the euphoria of Teslaratis but I love them boys bidding it up.

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To: kidl who wrote (11893)10/9/2019 5:27:41 PM
From: FL_Guy
   of 18199
 
Estimates: 0.570 | -0.403 | -3.520 (High | Mean | Low)

Pretty wide variance. As a point of reference, Tesla posted a profit of $2.90 for Q3/18, against a consensus estimate of loss of $0.20, a "surprise" of $3.10.


Curious what investors here think earnings will be and what stock price will be following earnings.

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From: Savant10/9/2019 7:23:37 PM
   of 18199
 
Mod 3 review, just under 60,000 miles, used and abused, still kicking (not your normal owner)

youtube.com

Kyle goes through what 60,000mi of abuse does to a Model 3. From cross country road trips, dogs in the car, and track use we look at the car and the data from his one year of ownership! Interested in seeing servicing cost, battery degradation, supercharging use, and overall data? Then this is your video!

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To: FL_Guy who wrote (11883)10/9/2019 8:07:02 PM
From: Dan R
   of 18199
 
All the issues with this aside, I just don't see why it's even neat. Short of a torrential downpour on my way to my own wedding, I don't know when I'd use this. It's really not that hard to walk out to the car (that I have to keep in view anyway). From the vid's I've seen the cars struggle to be smooth and seem to de driving far slower than someone could just walk out to them, get in and get going.

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