[phil]

Depends on how you look at it surely? Billions invested in Factories and plants that, unlike other makers, they didn't have, plus the whole maintenance infrastructure that goes with ramping up to selling 500K cars p.a. and, in Tesla's case, their rapid-charging infrastructure too, along with a whole load of "learning how to mass produce cars". Tesla say that their cars themselves are profitable ...

No. Tesla has succeeded brilliantly at growth and development/innovation. But they have lost gigantic sums of money every year of the Company's existence, with losses now reaching into the billions of dollars annually. The more cars they sell, the more money they lose, year after year after year, with no end in sight. And this despite massive subsidies from governments around the world. No, there's only one way to look at Tesla's financial results. GAAP, non-GAAP, or cash basis, it's losses as far as the eye can see.

Elon Musk said Tesla would become profitable this very quarter. Unfortunately, Elon Musk says a lot of things. He's claimed profitability was just around the corner about a dozen times over the past five years. He's already walking back the latest predictions. Long range EVs are cool, but they are not profitable in any large volumes. Maybe someday, but not yet.

 

[I-PaceDave]

No. Tesla has succeeded brilliantly at growth and development/innovation. But they have lost gigantic sums of money every year of the Company's existence, with losses now reaching into the billions of dollars annually. The more cars they sell, the more money they lose, year after year after year, with no end in sight. And this despite massive subsidies from governments around the world. No, there's only one way to look at Tesla's financial results. GAAP, non-GAAP, or cash basis, it's losses as far as the eye can see.

Elon Musk said Tesla would become profitable this very quarter. Unfortunately, Elon Musk says a lot of things. He's claimed profitability was just around the corner about a dozen times over the past five years. He's already walking back the latest predictions. Long range EVs are cool, but they are not profitable in any large volumes. Maybe someday, but not yet.

Come on Phil, Tesla fans will try to convince you all of those losses are actually CapEx spending... Which anyone who understands how to read an earnings report, and balance sheet knows is patently false. Tesla has invested into a few assets, and give them credit for blazing a trail, but as you say, they have also lost huge sums of investors money, and I think with their recent admission that they have not only not hit the 6K per week that Elon guided by the end of August, but they also have not been able to hold Model 3 production at the 5K level seen at the end of June. Q3 is likely to see more losses, although hopefully for Tesla lower losses then Q2.

 

[bruintoo]

Was able to test drive the I-Pace today at Hoehn Jaguar (Carlsbad). It is awesome. Can't wait to get it in December!

 

[I-PaceDave]

Was able to test drive the I-Pace today at Hoehn Jaguar (Carlsbad). It is awesome. Can't wait to get it in December!

Congrats on the test drive, It really is an incredible car... I had my drive Saturday, expected it to drive well, but WOW, it surprised me.

 

[Demaarten]

Hi, Maarten from Belgium here.

I already did 2 testdrives. One with my wife. just to get to know the car a little bit. I drove around one hour. And Yesterday I did a second one for a longer period of time (2 hours). It was the first edition fully loaded off course. The car drives great for a 2.1 ton car. Great steering, fast acceleration off course. Comfort is perfect for long drives. For me it would replace a nissan Leaf :smile2: . I know a totally different car. With the I pace I can go on a holiday and I can skip the car renting... I am a car freak. I already owned 11 cars in my 21 years of driving. I also own 2 BMW E30 cars (weekend cruiser if the weather is nice). For me the ipace is maybe the perfect car. The wife wants an SUV (all wife's do..) . And I want a driver's car. And with 2 kids we need the space to go on a holiday.
I have to say Tesla was also an option. But I can not wait for the Model 3 and the model S is more expensive here (lease trough the firm). And for me the model S is a model that has been driving on the roads for 6 years. If I take on a lease of 5 years I want to have the newest car available. The model S, even if the design ages wel, it wil be dated in 2 years...

Never drove a jaguar before. But when I firs saw the ipace concept 2 years ago. I was sold. It was one of my dream cars... Perfect blend of SUV, hatchback like and sporty...

Audi etron or the Mercedes are too boring (a longer and lower Q5 or a lower and longer GLC) . No thank you..

consumpion of the ipace is the only draw back for me. I would have hoped a little bit less. But hey at 24.5 on the highway (my test result yesterday), it would perfectly suit my trips on holiday... (audi and mercedes will have even more consumption: audi 400km wltp with a 95kwh battery???)

For me it will be my next car. Just not sure about the colour...

 

[gbillcb]

I got my test drive today, in London, Ontario, in cold and rain and sleet! Almost immediately confirmed the decision I made in August to order one. Great ride, great handling and eerily quiet. Even with the cold (around freezing) the range was quite impressive, with 365 kms showing at the start.

After playing with it or an hour or so my only regret is that the sales guy couldn't commit to a delivery date other than to say it will likely be later than January. So back to the BMW 650 for the winter....

 

[Guy]

Did you note how many km you drove and the range at the end?

 

[gbillcb]

Yes, I drove 30 kms and the range showed 335 at the end. Drove in several different modes but very little on the open highway - mostly suburban, but with throttle punching when safe. The roads threatened to be slippery but I don't they actually were.

 

[Guy]

That's good then. I'm in Quebec, mine is scheduled to arrive mid March.

 

[PGhiron]

I found the the Tesla vs IPace discussion interesting. I was initially going to buy a Tesla Model X, but when I found out about the IPace after doing some research I waited. Boy did I make the right decision. Immediately after my test drive I bought the car.

Driving the Tesla, I had this lingering feeling that something was just not right (for me). Now I know what it is. The Tesla has no soul of a car. Almost doesn't feel like you are driving a car and you do not get that "one with the road" feeling at all while driving and cornering.

The moment I drove the IPACE, I knew it was an entirely different animal. The car not only has a soul, but truly the soul of a cat, yes a Jaguar I guess. Now mind you I have never driven a Jaguar before of any type, but this car grips the road and you feel that terrific sport car feel of when you are one with the road.

Unfortunately that is something that all the Tesla's seem to lack.

 

[Pinkward]

He is in the UK