Connect with us

News

Tesla Norway Sales Hit Quarterly Low

Published

on

Tesla Norway sales decline in Q2

June marked a low month for Tesla Norway sales which has seen a 47% decline in deliveries over its previous quarter. A few experts are already using these numbers to instill fear in the stock markets. Are they trying to bring down Tesla’s over-valuation to a more realistic level?

Over-valuated stocks and June Gloom = FUD

FUD, better known as Fear, Uncertainty and Doubt are mighty tools in the media world and with investors. Tesla is no stranger to its attack and its latest spread is to be expected. June car sales are never great, period. Still, every year the song remains the same. Sales always disappoint in the month of June. So is it a case of much ado about nothing, or something to look closer into?

Tesla Motors (TSLA) stock fell 4.3% on Wednesday when investors heard that fewer cars were sold last month in Norway, Tesla’s high market hope for Europe. It’s only second to the U.S., and the company puts much faith on the country to rally the sales. To date, Tesla Motors sold 536 Model S electric cars in Norway in June, down from 1,493 in March. We need to keep in mind that this was an all-time single market sales record in the country.

Demand versus availability

Astute readers know that Tesla demand far outweighs the Model S availability. Even in the U.S., there is more demand than Tesla can fulfill. The other news that warrants a closer look is that Tesla shipped 1080 Model S cars to Norway in Q2 2014, versus 2056 in Q1. That’s a 47.4% decline, leaving Tesla 976 deliveries shy of its previous record, which beat its own expectations. Is this something that’s worth scrutiny? After all, Tesla beat its past expectations but now succumbs to its own high goals. Isn’t that what Tesla has consistently delivered until now, ups and downs?

One thing we can be certain about for the next year is that production and delivery woes at Tesla Motors will continue. Musk made it clear on more than one occasion that a continued backlog of Tesla’s products isn’t a problem at this early stage of the game. Now Tesla needs to focus on China, this will mean reallocating resources. As China’s demand increase, and they will, we can expect other countries to be less of a priority. In other words, China’s demand will most likely mean other countries don’t get as many Model S as the demand, and that isn’t a bad thing. It creates desirability.

Advertisement

ASLO READ: Tesla to Double its Production at Fremont Plant

So far, Elon Musk hasn’t missed a beat with Tesla and expanding its greater strategy. A low month, even a lower quarter is nothing to panic about. The company has been in much worse situation in the past, leaving many to call it dead. Look at it now, and look at the plans it lays before us. Tesla Motors will continue to be disruptive, will continue to upset financial experts and continue to push carmaker’s buttons.

Advertisement
Comments

News

Tesla’s little-known secret about its Diner might be the best feature of all

Tesla is not letting its servers go untipped, it’s taking care of that for its employees on its own.

Published

on

Credit: Tesla

Tesla’s Supercharger Diner in Los Angeles has a little-known secret, and in all honesty, it might be the best part of the entire thing.

Tesla opened its Supercharger Diner earlier in June, and in its first week of operation, it has done nothing but garner attention from fans, food critics, and general onlookers who are surprised to see the company gaining traction in the culinary space.

However, there is a little-known secret about the Diner that many people have not shared, and it has to do with the staff and customers.

Advertisement

Traditionally, restaurants in the United States do not pay their servers a normal wage. They are paid a lower hourly rate because they make most of their money through tips or gratuity. While it is sort of strange and has recently become a more controversial topic, tipping culture in the U.S. has garnered plenty of attention lately.

Many people outside the U.S. have trouble grasping the idea of tipping servers, as many believe the restaurant should pay them a livable wage and stop relying on customers to keep the employees to a point where they can live reasonably well.

In the U.S., people seem to be on board with one side or the other: tip them because the restaurant doesn’t pay them a wage, or “I’m not tipping them for doing their jobs.”

Whichever side of the argument you’re on, I think it seems reasonable to want servers to make enough money to live comfortably and expect the restaurant to take care of that.

Tesla has done just that for the staff at the Supercharger Diner, as it has been revealed that the company covers tipping. There is no option to tip the servers or wait staff; Tesla will do it for you.

Advertisement

This is a great gesture by Tesla because more and more people every day seem to be against tipping in an effort to force restaurants to pay employees more money. While it seems like a good strategy at first, it only impacts the servers, while this decision does not impact the restaurant and its owners.

Tesla is taking that risk out of the equation by providing gratuity to employees through its own means.

Advertisement
Continue Reading

Elon Musk

xAI, Musk Foundation helps schools near Memphis supercomputer site

Reports of xAI and the Musk Foundation’s work were recently posted by local news media.

Published

on

xAI-supercomputer-memphis-environment-pushback
(Credit: xAI)

Elon Musk’s artificial intelligence startup xAI and the Musk Foundation have been supporting Memphis-Shelby County Schools with HVAC repairs and facility upgrades, while also funding youth programs for students in the area. 

Reports of xAI and the Musk Foundation’s work were recently posted by local news media.

xAI’s school visits lead to facility repairs

Representatives from xAI visited John P. Freeman Optional School, Fairley High School, and Westwood High School, all of which are located near its Colossus supercomputer site, to assess HVAC systems, plumbing, gym facilities, and athletic fields. The visits resulted in a list of priority repairs, some of which were completed in April and May.

In addition to the repairs, xAI also shared a number of initiatives that are planned for students in the area, as stated in a Commercial Appeal report.

“xAI is working on providing STEM workshops for local students, donating equipment to technical training programs, and supporting job fairs to boost employment opportunities. These initiatives reflect xAl’s commitment to fostering education and economic growth in Memphis,” xAI noted in a statement.

Advertisement

Musk Foundation donation

Apart from xAI, the Musk Foundation also donated $350,000 to the Boys & Girls Clubs of Greater Memphis, enabling the reopening of two club sites located at Booker T. Washington High School and Westwood High School. Both locations had closed earlier this year due to lapses in funding. As per xAI, the Musk Foundation’s donation allows clubs to reopen for almost 1,000 students. 

The donation will fund staffing, supplies, and transportation, among others. “Kids are the future of humanity,” Elon Musk said in a statement, adding that students need “every chance to shoot for the stars.”

“We’re honored to support the Boys & Girls Clubs of Greater Memphis in reopening these sites, giving kids in underserved communities the tools to build brighter futures,” Musk said.

The gift was praised by local officials, including Boys & Girls Clubs board chair Michael Garriga, who stated that the “commitment will ensure the youth of our community have the opportunities they need to develop their skills and talents to become successful students and future citizens.”

Advertisement
Continue Reading

Elon Musk

What to expect from Tesla CEO Elon Musk’s new Master Plan

While Musk only shared a few tidbits about his next plan, he did hint at its theme.

Published

on

Credit: Tesla Asia/X

Tesla CEO Elon Musk is working on another Master Plan. The executive mentioned this during the company’s second quarter earnings call earlier this week. While Musk only shared a few tidbits about his next plan, he did hint at its theme.

Master Plan Part Four

Elon Musk’s Master Plans have been a huge guiding hand for Tesla over the past couple of decades. His first Master Plan, which was published in 2006, featured a pathway towards the production of the Model 3 and energy storage systems. Master Plan, Part Deux, which was published ten years later in 2016, featured a pathway towards a Robotaxi network. 

Master Plan Part 3 was more ambitious, as it presented a case towards a world where there is sustainable energy for the entire planet. Considering the scale and ambitious nature of Master Plan Part 3, it was widely speculated that Elon Musk’s next Master Plan would not be around for some time. During the second quarter earnings call, however, Musk confirmed that he is indeed creating his next big plan.

Master Plan Part 4

Elon Musk mentioned his next Master Plan when a question was asked about the work that goes on inside the Tesla Design Studio during the Q2 2025 earnings call. In response to the inquiry, Tesla Chief Designer Franz von Holzhausen emphasized that while earnings calls are not the venue for disclosing new product-related information, Tesla is working to ensure that the future remains exciting. Musk agreed, stating that there are lots of exciting things happening in the Tesla Design Studio.

“What’s going to happen over the next several years is a fundamental transformation of the company from a pre-autonomy world to a post-autonomy. And I’m working on a new Master Plan to articulate that to the Tesla team. And there will be some teething pains as you transition from a pre- autonomy to post-autonomy world, but I think the future vision for Tesla is incredibly exciting and will profoundly change the world in a good way,” Musk said.

Advertisement

A Post-Autonomy World

Considering Musk’s comments, it would appear that Master Plan Part 4 will be focused on a path towards what the CEO has been describing as “sustainable abundance.” If Master Plan Part 3 was focused on fostering sustainable energy for the entire planet, Master Plan Part 4 will likely present a path towards abundance in a world populated by self-driving vehicles like the Cybercab and humanoid robots like Optimus.

Master Plan Part 4 will likely have been farfetched just a couple years ago. Yet with Tesla now operating its Robotaxi service in Austin and Optimus V3 expected to enter production next year, the idea of a world filled with “sustainable abundance” does seem quite feasible. It will be ambitious like Elon Musk’s other Master Plans, of course, but it will be attainable. 

Continue Reading

Trending