8chan/8kun QResearch Posts (3)
#6900372 at 2019-07-02 22:20:08 (UTC+1)
Q Research General #8826: Flyovers & Fireworks Edition
Tesla Shares Spike 8% On Record Deliveries And Record Production In Q2 2019
this is not a qtrly report it's just them saying "we delivered the vehicles".
Tesla released its Q2 delivery and production numbers after the bell on Tuesday, posting record production of 87,048 vehicles and record deliveries of approximately 95,200 vehicles.
In its release, the company also says it "made significant progress streamlining [its] global logistics and delivery operations at higher volumes, enabling cost efficiencies and improvements to [its] working capital position."
In addition, the company also offered positive guidance for its Q3, claiming that its backlog had increased:
Orders generated during the quarter exceeded our deliveries, thus we are entering Q3 with an increase in our order backlog. We believe we are well positioned to continue growing total production and deliveries in Q3.
At least for now, it turns out that Tesla's "leaked" emails touting the good news well in advance were both true, and not yet priced in by the market. Shares are up by more than 8% in the aftermarket session on the news.
Possibly as important as what the release included may be what it excluded, as Mark Spiegel noted on Twitter.
The following sentence was in the $TSLA Q1 deliveries report. It's missing from today's Q2 report:
"We reaffirm our prior guidance of 360,000 to 400,000 vehicle deliveries in 2019."
- Mark B. Spiegel (@markbspiegel) July 2, 2019
The company appears to have staved off its critics for now - but no sooner are these numbers released than the market will be eagerly awaiting the accompanying Q2 financials.
https://www.zerohedge.com/news/2019-07-02/tesla-shares-spike-8-record-deliveries-and-record-production-q2-2019
and nevermind this too
Peter Hochholdinger and Jan Oehmicke leave Tesla
Two high-flying German executives exit the Californian company.
Two prominent departures within a few days - After production manager Peter Hochholdinger (formerly with Audi) left Tesla to join Californian rival Lucid Motors, Tesla's head of European operations Jan Oehmicke (formerly with BMW) is also leaving.
Firstly, just days ago, news broke about the surprising departure of Tesla production manager Peter Hochholdinger (photo left) who is moving to Lucid Motors where he is supposed to create the next production miracle - but more about that shortly.
Today, news of the second surprise exit leaked - Tesla's European head Jan Oehmicke is also leaving the Californian carmaker. According to sources cited by Electrek, a successor for Oehmicke has already been found: Sascha Zahnd, Vice President Global Supply Chain at Tesla, is to replace Oehmicke as head of Europe. The Swiss Zahnd has been with Tesla since 2016, having previously worked for the Swatch Group and Ikea.
https://www.electrive.com/2019/07/02/Peter-Hochholdinger-and-jan-oehmicke-leave-tesla/
#6847894 at 2019-06-26 19:54:53 (UTC+1)
Q Research General #8758: Think MirrorEdition
Tesla's Head Of Auto Production Unexpectedly Quits
Tesla's head of production in charge of all vehicle manufacturing at its Fremont factory, Peter Hochholdinger, has left the company, according to electrek.
Hochholdinger had come from Audi, where he was previously in charge of production for the Audi A4, A5 and Q5. At Audi, he oversaw more than 400,000 cars being built annually. Tesla touted his hire in 2016, sending out a press release at the time and saying they were "excited" to have him join the team. He was widely regarded as a veteran manufacturing executive that would lend credibility and much needed experience to the Model 3 manufacturing process.
His tenure at Tesla lasted barely over 3 years, which is basically a lifetime compared to many other executives who have departed the company in shorter order. Even the pro-Tesla bloggers at electrek couldn't put a positive spin on Hochholdinger's departure, stating:
While I often defend Tesla on their highly publicized executive departures, I think it's fair to say that they had some significant talent exodus over the last year or so and now with Passin and Hochholdinger, it's especially true for the production executive team.
Just seven days ago we reported that the company's former VP of Human Resources and Head of Diversity, Felicia Mayo, had also left the company. Mayo nearly made it to her two year anniversary, but like many other departing executives, had enough and packed up in relatively short order.
Mayo was described as "one of a few black women leaders to break the glass ceiling and rise to executive ranks in a large, Silicon Valley tech firm." According to the Kapor Center, less than 0.5% of Silicon Valley tech leadership positions are held by black women.
She was previously a VP at Juniper Networks before her move to Tesla, where she reported to Tesla's vice president of people and places, Kevin Kassekert, and CEO Elon Musk.
Twitter seemed to take the news of Hochholdinger's departure with slight skepticism.
https://governmentslaves.news/2019/06/26/teslas-head-of-auto-production-unexpectedly-quits/
#6846676 at 2019-06-26 17:03:24 (UTC+1)
Q Research General #8756: Welcome Press Secretary Stephanie Grisham Edition
Tesla's senior production executive at Fremont facility quits
Tesla Inc's vice president of production at its Fremont factory, Peter Hochholdinger, has left after three years with the electric-car maker, a source familiar with the matter told Reuters.
He was tasked with improving production for Tesla's luxury Model S sedan and Model X sport utility vehicle as well as helping build a cost-effective manufacturing program for the Model 3, the company had said https://reut.rs/2KFSyd2 in his appointment memo.
Hochholdinger's departure is the latest in a string of high-profile executives to leave Tesla over the past two years as the automaker struggles to ramp up production of Model 3 sedan, which is seen as crucial for its long-term profitability.
He joined Tesla from Volkswagen AG, where he spent 22 years supervising production of Audi A4, A5 and Q5 models. When Audi made a new production facility in Mexico, he served as an adviser.
Both Tesla and Hochholdinger did not respond to Reuters requests for comment.
Demand for Tesla cars is one of the major concerns of investors after the company reported slack demand in the first quarter against the backdrop of U.S.-China trade tensions.
Tesla had reported a 31% fall in first-quarter deliveries and warned that profit would be delayed until the latter half of the year.
The automaker is expected to report its second-quarter delivery and production numbers in July.
Shares of the company were up nearly 2% at $223.95.
https://www.oann.com/tesla-loses-its-vp-of-production-electrek/