Elon reveals Cybertruck details / production expectations on Q3 2023 call

[CT8769]

Sounded to me like he was preparing investors to expect losses on CT sales for a while. Which could imply affordability

This is definitely possible this is what he meant. Basically saying - we need to keep it affordable, but while we're not at scale we're going to lose money on it.

Surely hope that's the case rather than having to charge more for it.

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[Nolacyber]

After reading Twitter commentary I decided to listed to the show. Very disappointing presentation. I understand he’s a genius and doesn’t believe in scripts but saying “we’ve dug our grave” is just unacceptable for a someone in his position.
Compared to earlier optimism he sounded depressed about the whole thing, so one can assume that the product coming off the line is a disappointment with much development ahead. Not a good sign for early adopters.
There were many other trigger words in his remarks that will have the stock tanking. Down 5% yesterday and another 6.5% premarket. Yes Tesla has terrible swings but this is just self-inflicted. Very sad.

 

[TheLastStarfighter]

After reading Twitter commentary I decided to listed to the show. Very disappointing presentation. I understand he’s a genius and doesn’t believe in scripts but saying “we’ve dug our grave” is just unacceptable for a someone in his position.
Compared to earlier optimism he sounded depressed about the whole thing, so one can assume that the product coming off the line is a disappointment with much development ahead. Not a good sign for early adopters.
There were many other trigger words in his remarks that will have the stock tanking. Down 5% yesterday and another 6.5% premarket. Yes Tesla has terrible swings but this is just self-inflicted. Very sad.

I love honesty. If you prefer the opposite, GM is more your taste where they fire the CFO for saying Ultium batteries are a failure.

 

[TheLastStarfighter]

Everyone all worked up about price. Don't know what the final price will be, but I can tell you the volume truck (dual motor, 300+mile range) will be less than the equivalent Lightning model.

 

[scottf200]

There's 14 inches of travel on the Cybertruck suspension.

Not sure what "travel" means. That doesn't seem right.

Rivian has a large travel: "6.5 inches of vertical travel — as low as 7.9 inches or as high as 14.4 inches"

Below is not 14" (1' 2")

 

[bigrin]

My take is that TSLA will lose money initially on the truck, but it's the cost of getting out a unique product at an affordable price. Elon wants to get the initial units out there in the public, ergo: more sales and interest. That's his genius. I'm betting he gets out over 50K units in 2024. Those who are in the first 50K in line will be very happy campers.

 

[TheLastStarfighter]

Not sure what "travel" means. That doesn't seem right.

Rivian has a large travel: "6.5 inches of vertical travel — as low as 7.9 inches or as high as 14.4 inches"

Below is not 14" (1' 2")

travel is not the adjustable range. It's how far the suspension can "bounce". A Raptor, for example, does not have an air suspension but has a lot of travel for off roading. The CT will also have lots of bounce, in addition to the air suspension that can change ride height by about 8".

 

[anionic1]

I think you quotes the wrong post, I didn't mention that it won't stop a 9mm. The SS will, the glass we don't really know for sure yet, but I doubt it.



That comment was EM talking about the next gen sub$25k car.

I was quoting the post you were responding to.

 

[WormtownKris]

If there was one prevailing theme throughout the entire call last night, I would say it was, "Interest rates are sky high, and we need to keep our cars affordable. We are knocking our prices down so that the overall expense of a new Tesla (purchase price plus financing) stays flat and affordable." EM knows most people are not paying 100% cash and that high interest rates can take a toll.
Start to finish, there were lots of questions and commentary about Tesla's price cuts and affordability in the various models. Elon pretty much stated that they are cutting back some of their margins in this tough sales environment to keep Tesla sales strong. He did allude to restoring margins when market conditions and interest rates improve.
Elon's words were sobering, to the extent that he was tapering back expectations for record sales growth, "Model 2" launch, Giga Mexico launch, etc. But it was always in this greater context that he spoke about the CyberTruck. And in that context, I took his pricing inferences to mean, "We obviously cannot gouge our customers when we launch this important new vehicle. So, we won't be making significant profit on the CT line until we've ramped up production and pushed a ton of trucks out the door."
I think it will be ~affordable and will be a near breakeven product until they fully ramp, and it then becomes a boost to the bottom line.

 

[scottf200]

travel is not the adjustable range. It's how far the suspension can "bounce". A Raptor, for example, does not have an air suspension but has a lot of travel for off roading. The CT will also have lots of bounce, in addition to the air suspension that can change ride height by about 8".

Thanks for that reminder. A GPTchat version:

When comparing truck travel and adjustable range in the context of suspension, it's essential to understand the key concepts:

Truck Travel: Truck travel refers to the distance that the suspension system of a truck can compress and extend, also known as suspension travel. It's a critical factor in off-road performance and ride comfort. A longer suspension travel allows the truck to absorb bumps and rough terrain more effectively, providing a smoother ride.​

Adjustable Range: The adjustable range in suspension systems typically refers to the adjustability of components such as shocks or struts. These adjustments can be made to fine-tune the stiffness or damping characteristics of the suspension. By adjusting the range, you can influence how the suspension responds to various road conditions and driving preferences. It can impact the "bounce" or rebound of the suspension.​

In summary, the truck's travel (suspension travel) is primarily related to how much the suspension can absorb impacts, while the adjustable range deals with how the suspension's characteristics can be fine-tuned to influence bounce, handling, and comfort. The two factors are interrelated as adjusting the suspension's range can affect how the truck's travel behaves in different conditions, offering more control and customization for the driver's needs.

 

[HaulingAss]

Thanks for that reminder. A GPTchat version:

Adjustable Range: The adjustable range in suspension systems typically refers to the adjustability of components such as shocks or struts. These adjustments can be made to fine-tune the stiffness or damping characteristics of the suspension. By adjusting the range, you can influence how the suspension responds to various road conditions and driving preferences. It can impact the "bounce" or rebound of the suspension.

ChatGPT got the Sususpension travel right, but misunderstood the concept of "Adjustable Range" which actually refers to how far the suspension's ride height can be adjusted up or down. This can be thought of as the difference in ground clearance between fully lowered and fully extended.

ChatGPT instead described the amount of adjustability in a suspension that has adjustable damping, which doesn't change the ride height at all, it changes the speed at which the dampers allow the suspension to compress and extend.

 

[C T Rick]

You sure he's not prepping us for a
"VW Thing" type of CT.

Rick

 

[cvalue13]

Not sure what "travel" means. That doesn't seem right.

Rivian has a large travel: "6.5 inches of vertical travel — as low as 7.9 inches or as high as 14.4 inches"

Below is not 14" (1' 2")

You're confusing adjustable ride height (what Rivian is talking about), with suspension travel.

E.g., the Raptor has no adjustable ride height, but it's suspension travel is 14" in front and 15" in rear - this is what allows the Raptor to sail over whoopties (the suspension moves 15", but the truck ~doesn't).

What remains to be seen is what the Cybertruck's "14" of travel" means in terms of performance - it has a pretty different suspension setup compared to the raptor.

Relatedly, it also remains to be seen what kind of "suspension travel" the Cybertruck has in each of it's ride-height setting modes.

EDIT: responded too quick, see now it's been mostly covered

 

[MEWoodsMFG]

Elon sure is preparing the masses that the Cyber truck is going to be expensive

I'm thinking he wants to drive home how difficult it is, but it will end up being very affordable...just hard to do.

 

[Coolbreeze704]

I'm thinking he wants to drive home how difficult it is, but it will end up being very affordable...just hard to do.

Exactly!

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