Read on Twitter
"Mike is working with the finance team to get the buy off on scrapping the modules for the second quarter." $TSLA
Here is the request for "permission" to make the poorly-designed MySQL database tracking production reflect the reality on the ground. $TSLA
In the early days, $TSLA was losing $1,920 per Model 3 produced to scrap. But even the mature S/X product lines had serious scrap issues. Maybe someone can find the corresponding SEC disclosures...
Almost three months later, $TSLA was still losing $510 to scrap per Model 3 produced—a vast improvement, but still horrible—prompting *its own financial team* to ask:
"Is this real?"
CCed: Former CFO (Deepak Ahuja), Current CFO (Zach Kirkhorn), over 40 others
"Is this real?"
CCed: Former CFO (Deepak Ahuja), Current CFO (Zach Kirkhorn), over 40 others
"This shows an 8% increase in FY over the last 2 weeks but we have done nothing to make this actually come true..."
Certainly instills confidence in numbers reported by $TSLA finance...
Certainly instills confidence in numbers reported by $TSLA finance...
Elon Musk: ~$1+Million Scrap / ~$1+ Billion Product = 0.1%
Reality: $1,920 Scrap Per Vehicle (2018) / $50,600 Average Model 3 Price (2018) = 3.8%
He was only off by a factor of 38 (more than an order of magnitude).
Reality: $1,920 Scrap Per Vehicle (2018) / $50,600 Average Model 3 Price (2018) = 3.8%
He was only off by a factor of 38 (more than an order of magnitude).
He did correct part of the e-mail, to his staff—but not that part.
Compare to Elon Musk's message above. Former $TSLA Communications VP Dave Arnold edited one of Elon's e-mails to fix the typo for him, concerning even his own staff.
