Tesla

An “internal” email written by Musk was leaked today with details around how Tesla can hit Model 3 production goals for the June quarter and measures to increase profitability and internal efficiency. This makes us more confident in Tesla’s ability to…

This is the 4th in a series of notes based on our deep dive into computer perception for autonomous vehicles. Autonomy is a question of when? not if? In this series, we’ll outline our thoughts on the key components that will…

While Tesla missed their original Model 3 production goal (exiting Mar-18 at 2,000 per week vs guidance of 2,500), the miss was not as severe as investors were expecting.  Importantly, Tesla doubled the Model 3 production run rate in Mar-18 over…

This is the third in a series of notes based on our deep dive into computer perception for autonomous vehicles. Autonomy is a question of when? not if? In this series, we’ll outline our thoughts on the key components that will…

Tesla announced a recall this afternoon on 123,000 (built before April 2016) Model S sedans over a potential power steering issue. Tesla has had other recalls. In 2017 the company recalled 53,000 Model S and Model Xs over a parking brake…

We are bracing for another Model 3 production miss. This will be the third time in as many quarters that Model 3 production has fallen short of expectations. We believe the Model 3 production run rate exiting the March quarter…

Market decline does not change the mega growth opportunities. The heart rate of the market increased the past week because of fears of a trade war, Facebook data privacy, and broken market technicals, but the health of the market is…

We were set to publish a note on targets from major automakers to ramp production of electric and autonomous vehicles when we heard the news from Tempe.  Regardless of who was responsible, it’s a tragic reminder about the dangers of road…

While a long ways away, we believe there’s a greater than 50% chance that Tesla will operate a ride-sharing fleet by 2023. The fleet could add $2B to $6B in high margin revenue for Tesla starting in 2023. Tesla does…

Last week we surveyed 519 people in the U.S. regarding interest in buying a Tesla Model 3. We found a surprisingly high number (17%) of people would buy a Model 3 at $40,000. Even if this survey is off by…

Conclusion. Our confidence in Tesla’s ability to capitalize on the EV and autonomy opportunity remains unchanged. Our perspective that reaching this EV and autonomous future will take longer than most think, but be bigger than most think also remains unchanged.

iRobot is the leading manufacturer of robotic vacuums and wet floor products in the world. Based on holiday pricing trends we believe the company sold more robots than expected in the Dec-17 quarter. In addition, we believe the domestic robot market…