Tag: tesla
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Tesla’s ticking time bomb?
It was reported by WSJ that Tesla is halting its production at its plant in China. There are multiple reasons, according to the report, but one of the main reason was due to the waves of covid infections that have been hitting its workers and suppliers in China. This incident brings forth a more concerning…
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Tesla Lease Mileage Limit and the Central Limit Theorem
I am onto my second Tesla car leases now, so I think I can define another form of range anxiety with my leased cars: Driving over the lease limit. It was actually quite interesting. When I was leasing my first Tesla, I did a rough calculation of my daily driving, and figured that 10,000 miles…
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SHOULD I BUY OR LEASE A TESLA? PART 4: It all comes down to your apetities towards risk
Having used multiple spreadsheets to illustrate the dollars and cents around the leasing vs buying option, let me conclude. It depends on how you view uncertainty. As I said earlier, one big advantage of leasing is its clarity and certainty. You know how much you are going to pay, and that is how much it…
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SHOULD I BUY OR LEASE A TESLA? PART 3: It is not black-and-white (because we do not know the future)
In my last post, I showed that the total cost of buying a Tesla with a loan (or cash) is easy to figure out. However the final value is critically dependent upon one thing: the depreciation of the car when the owner sells it. Unfortunately that quantity is uncertain, because it has not happened yet…
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SHOULD I BUY OR LEASE A TESLA? PART 2: Total loan cost (when you are sure about the depreciation)
In a previous post, I calculated the total cost of leasing a Tesla, using my own experience as an example. Before we move on to the buying option, let me mention one important feature of leasing: It has more certainty in terms of total cost. You know what you pay, and you do not worry…
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Elon Musk Gets Manufacturing
Why is large-scale manufacturing hard? This is one thing that many people do not quite grasp. And indeed it can be hard to explain, because there are a number of governing operations principles that are often in play at the same time. But when I read about what Elon Musk recently said about manufacturing, I…
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Tesla Needs to Be More Rigorous in Discussing Numbers
Not to pick on Tesla – Many companies do this – But it really needs to be more rigorous in discussing its numbers. Take the most recent press release on its car safety as an example. In its Q3 2018 Vehicle Safety Report, it wrote the following: “ Over the past quarter, we’ve registered one…