Tesla

Discussion in 'The Mainboard' started by TheFreak55, Apr 29, 2015.

  1. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Family owns US/Canada. They franchise out the rest to compete globally. One of my positions was to train the SA and Caribbean GM's/Franchise owners. Fortunately numbers are understood in every language because most didn't speak English.
     
    #4901 HuskerInMiami, Jul 11, 2019
    Last edited: Jul 11, 2019
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  2. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Person I spoke w sent me the profit for FLL. Rental there made 30 million last year. /endEnterprise rant
     
    #4902 HuskerInMiami, Jul 11, 2019
    Last edited: Jul 11, 2019
  3. billdozer

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    Former Tesla employee admits uploading Autopilot source code to his iCloud
    Tesla believes he stole company trade secrets and took them to Chinese startup, Xiaopeng Motors

    By Sean O'Kane@sokane1 Jul 10, 2019, 6:27pm EDTSHARE
    [​IMG]Photo by Amelia Holowaty Krales / The Verge
    Guangzhi Cao, a former engineer at Tesla, admitted in a court filing this week that he uploaded zip files containing Autopilot source code to his personal iCloud account in late 2018 while still working for the company. Tesla sued Cao earlier this year for allegedly stealing trade secrets related to Autopilot and bringing them to Chinese EV startup Xiaopeng Motors, also known as Xmotors or XPeng, which is backed by tech giant Alibaba.

    Cao denied stealing sensitive information from the automaker in the same filing. His legal team argued he “made extensive efforts to delete and/or remove any such Tesla files prior to his separation from Tesla.” Cao is now the “head of perception” at XPeng, where he is “[d]eveloping and delivering autonomous driving technologies for production cars,” according to his LinkedIn profile.

    a joint filing from the two partiesthat was also filed this week, Tesla has subpoenaed documents from Apple. While Apple is not involved in this case, a former employee who worked on the tech company’s secretive autonomous car project was charged by the FBI with stealing trade secretslast July.

    That employee allegedly Air Dropped sensitive data to his wife’s laptop and was also caught on CCTV leaving Apple’s campus with a box of equipment. He had left his job at Apple to take a position at XPeng before being arrested. Cao was also a senior image scientist for Apple for two years before he joined Tesla, according to his LinkedIn profile.

    The suit comes at a time when the US is locked in a trade war with China and has accused the nation and some of its biggest companies of committing so-called “economic espionage.”Tesla, Apple, XPeng, and a lawyer for Cao did not respond to requests for comment.

    In a statement to The Verge earlier this year, XPeng said it opened an internal investigation into Tesla’s allegations, and that it “fully respects any third-party’s intellectual property rights and confidential information.” XPeng said it “by no means caused or attempted to cause Mr. Cao to misappropriate trade secrets, confidential and proprietary information of Tesla, whether such allegations by Tesla being true or not,” and said it “was not aware of any alleged misconduct by Mr. Cao.”

    Tesla filed its suit against Cao this past March. The former employee was one of around 40 people with direct access to the source code for Autopilot, which is Tesla’s advanced driver assistance system. The company claimed Cao began uploading “complete copies of Tesla’s Autopilot-related source code” to his personal iCloud account late last year. Cao zipped and moved more than 300,000 files and directories related to Autopilot, according to the complaint.

    that makes cars that look very similar to Tesla’s. Tesla also claimed Cao recruited another Autopilot employee to XPeng in February.

    Cao admits he “used his personal iCloud account to create backup copies of certain Tesla information in 2018” in the new court filing. He also admits he created zip files containing Autopilot source code in late 2018, and confirmed that XPeng extended him an offer letter on December 12th. He says he disconnected his personal iCloud account from his Tesla-issued computer “on or around December 26,” and that he kept logging into Tesla’s networks between December 27 and January 1st, 2019.

    While Cao does not specify when he formally accepted the job at XPeng, Tesla says his last day was January 3rd. He also denies poaching any employees from the Autopilot team.

    Cao “further admits that he deleted certain files stored on his Tesla computer and cleared his web browser history prior to his separation from employment with Tesla but denies that any of this activity constitutes any kind of ‘misconduct,’” according to the filing, though he disagrees with the number of files that Tesla alleged he stole. He also claims he “made extensive efforts to delete and/or remove any such Tesla files” from his personal iCloud account before he left Tesla, though he does not say if he deleted all the files.

    Chinese EV startup XPeng is at the center of major trade secret disputes with Apple and Tesla[/paste:font]
    In the joint filing, Cao’s lawyers argue that any source code or other confidential information that remained on his devices after he left Tesla would only be there “as a result of inadvertence.” They also argue that Cao “did not access and has made no use whatsoever of any of the ‘Autopilot Trade Secrets’” after he left the company, nor did he transfer any information to XPeng.

    According to the joint filing, Cao has already given Tesla a “subset of his electronic devices or digital images of such devices,” and access to his Gmail account for forensic analysis, which is already underway. XPeng also “voluntarily produced to Tesla a digital image of [Cao’s] work laptop.”

    “This is a lawsuit about routine employee offboarding issues that could and should have been resolved by Tesla either through its own human resources or information technology policies,” Cao’s lawyers write in the joint filing. “Despite the vague innuendo in Tesla’s complaint (and in its recitation of the ‘facts’ above) that its trade secrets are ‘at risk’ and that Tesla ‘must learn what Cao has done with Tesla’s IP,’ the truth of this case is that Cao has done precisely nothing with Tesla’s IP. Prior to his departure from Tesla, Cao diligently and earnestly attempted to remove any and all Tesla intellectual property and source code from his own personal devices.”
     
  4. Where Eagles Dare

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    Best camp out in China the rest of his life
     
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  5. Arliden

    Arliden Well-Known Member

    Leaked emails from Guillen talking about significant ramp up in production (China).
     
  6. Sportfan

    Sportfan From Six to Dumptime

  7. dblplay1212

    dblplay1212 Well-Known Member
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    Someone explains how they lost 3x as much money as they were expected to. Arliden
     
  8. Arliden

    Arliden Well-Known Member

    This was about what I expected minus the 117 in one time restructuring.
     
  9. dblplay1212

    dblplay1212 Well-Known Member
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    30% jump in deliveries in the 2h of 2019 to just hit the low end of their estimate seems ambitious.

    Although the electric car company fell short of analysts’ expectations, it reaffirmed full-year delivery guidance, saying it still expects to sell 360,000 to 400,000 vehicles this year, mostly Model 3s.

    Tesla delivered around 158,200 of its cars to customers in the first six months of 2019. It has to deliver more than 200,000 in the back half of the year to hit the low-end of its guidance.
     
  10. dblplay1212

    dblplay1212 Well-Known Member
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    All media headlines read "Tesla posts loss of $1.12 per share, vs. expected loss of 40 cents"
     
  11. Arliden

    Arliden Well-Known Member

    I’m grocery shopping give me a bit.
     
  12. dblplay1212

    dblplay1212 Well-Known Member
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    aka give me time to spin this shit to be no big deal

    No problem, man.
     
  13. Arliden

    Arliden Well-Known Member

    Lol dude I’m not spinning anything. I told you they wouldn’t make a profit days ago, I don’t follow analysts cause they all have their own agendas.

    There’s someone on TMC that has a solid track record of Tesla’s financials and I’ll post it later but they estimated a -300 million loss, just not looking it up while I shop.

    Cash flow is good though.
     
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  14. Gallant Knight

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    lost 1.15 billion in the first half of this year.

    lost over 400 million on record deliveries.

    this company has no path to profitability.
     
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  15. Arliden

    Arliden Well-Known Member

    Yet they are cash flow +

    Their goal for profitability is the Y
     
  16. Gallant Knight

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    so fall 2020?
     
  17. texasraider

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    Is that the one that seats 8 while somehow being the size of an ‘85 Honda station wagon?

    bet those will fly off the shelves
     
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  18. Arliden

    Arliden Well-Known Member

  19. Arliden

    Arliden Well-Known Member

    lol I know you hate for some reason, but its just fact that SUV's/CUVs/wagons (whatever you want to call it) sell at a far better clip. Will the Y sell? who knows, but thats their key to profitability.

    They need to generate more than 1.5B in profits every quarter or 6B annually. SG&A+R&D+Service+Interest

    17k S/X at 25k
    77 3 at 10k

    1.125B this quarter, profits weren't going to be close.

    for 2019 an annual perspective its

    80k S/X @ 25k= 2B
    280k 3 @ 10k = 2.8B

    production with shanghai for 2020 should be higher so basically break even is

    80k S/X and 400k 3/Y, beyond that is profitability.
     
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  20. Arliden

    Arliden Well-Known Member

    Yea but I bet Y starts rolling off the line sooner.
     
  21. texasraider

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    I don’t hate Tesla. I hope they’re successful. But I see no evidence to suggest that they will do anything but bleed money
     
  22. Arliden

    Arliden Well-Known Member

    Profits and free cash flow are different things, means they aren't bleeding money.

    They added 614 million dollars (outside of their cap raise) to their assets this quarter.
     
  23. Imurhuckleberry

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    Wtf happened today? Stock dropped 36$.
     
  24. dblplay1212

    dblplay1212 Well-Known Member
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    They lost 3x the money they were projected to.
     
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  25. dblplay1212

    dblplay1212 Well-Known Member
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    :laugh:

    US told Tesla it can't call the Model 3 the safest car ever tested. Tesla won't budge

    https://www.cnn.com/2019/08/07/business/tesla-model-3-safety/index.html

    NHTSA's letter said this wasn't the first time Tesla has violated agency guidelines for using the federal crash test data in marketing or advertising. The regulator said it was referring Tesla to the Federal Trade Commission's Bureau of Consumer Protection to investigate whether the company had engaged in unfair or deceptive acts.
     
  26. Gallant Knight

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    On the anniversary of the 420 funding secured no less!

    Why would Tesla think the rules apply to them? They clearly do not
     
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  27. 49ers169

    49ers169 Administrator
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    Sued by Walmart today over negligent solar panels that were catching fire.
     
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  28. dblplay1212

    dblplay1212 Well-Known Member
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  29. Cornelius Suttree

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  30. MA

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    Editor's Note: This article was originally published Friday, Sept. 6, 2019, at 2:39 PM EST. On Saturday, Sept. 7, a Tesla spokesperson provided Road & Track with the following statement: "Tesla is excited to be a part at the Industry Pool testing community next week at the Nürburgring. Our participation is confirmed and contracted by the Nürburgring."
     
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  31. MA

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    Hadn't thought of this use:
     
  32. dblplay1212

    dblplay1212 Well-Known Member
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    Did anyone at Nürburgring comfirm?
     
  33. MA

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    According to that quote, yes.
     
  34. dblplay1212

    dblplay1212 Well-Known Member
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    That quote is from Tesla, not Nürburgring.
     
  35. Handcuffed

    Handcuffed TMB OG
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    why didn't you quote the rest?

    "Industry Pool" is the name for the Nürburgring's open-lapping test sessions reserved exclusively for automakers and auto industry suppliers. You've likely seen spy photos or videos from Industry Pool sessions—this is where automakers and suppliers test and tune their prototype vehicles on the 'Ring. Lap timing is prohibited during Industry Pool sessions—there's often heavy traffic, with everything from supercars to SUVs, and while drivers can occasionally run a fast segment when traffic allows, it's impossible (and against the rules) to run a complete lap at full speed during Industry Pool.
     
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  36. MA

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    You asked if anyone from there confirmed it and Tesla says someone from there did confirm it. Believe what you will about whether or not they're lying.
    Because it's irrelevant?
     
  37. dblplay1212

    dblplay1212 Well-Known Member
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    I mean Musk, the head of Tesla, claimed it. Nürburgring came out and said he was lying. Why would I listen to someone else from Tesla?
     
  38. Handcuffed

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    i didn't ask anything at all. i barely even follow tesla anymore.

    but the entire story seems to be, Porsche posts a good time at the track, Elon interjects himself into the story with a bold-faced lie (as per usual) which implies that tesla will bring the S to the track for their own time, and now it turns out they're bringing the S to just take some photos.
     
  39. MA

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    Musk said Tesla was going to the Nurburgring.

    The Nurburgring said Tesla hadn't reserved a slot for a record attempt (Musk never said Tesla had done so).

    Tesla says they're going to the Nurburgring as part of the Industry Pool and that it's confirmed by the Nurburgring.

    Tell me where the lie is.
     
  40. dblplay1212

    dblplay1212 Well-Known Member
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    His tweet was, at the very least, misleading. Everyone assumed it was in response to the Porsche time bc nobody talks up the Industy Pool.

    By all means though, cape for your boy.
     
  41. MA

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    What's the lie and where does he imply they're setting a time there?
     
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  42. MA

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    He said they're going to the Nurburgring and they are. How is that misleading?
     
  43. dblplay1212

    dblplay1212 Well-Known Member
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    "Going to Nurburgring" typically means to run a time, not parade around in an Industy Pool. He even responded to a Nico Rosberg who offered to run the lap. Everyone assumed he was referring to a timed lap bc that's how he presented it.

     
  44. MA

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    And you know this from all your years following the automotive industry?

    And that tweet is clearly not presenting that they were running a timed lap as it very clearly makes no mention of doing so. People injected their own meaning into it, which is hardly his fault.
     
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  45. Handcuffed

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  46. dblplay1212

    dblplay1212 Well-Known Member
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    Bringing in a Formula 1 driver to do the lap definitely presents it as a timed lap. That's why every car blog ran with it as such.