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Part IV is finally here: The season finale from the biggest public survey of Tesla owners ever conducted. Today we focus on the future of the Model 3 and the market for electric cars 1/ bloomberg.com/graphics/2019-…
First we look at what kinds of cars people are trading in for the Model 3. The gray dots are notable because 2/
bloomberg.com/graphics/2019-…
For so many to jump from a $25k to $50k car is very unusual. After early adopters, will buyers revert to old patterns? Or is Tesla doing what Apple did with the phone: convincing consumers to fundamentally reassess how they value an established product? 3/
bloomberg.com/graphics/2019-…
This interactive chart shows all of the vehicles people are trading in for the Model 3. Throughout this project, we try to put as much data as possible out there to explore. But if you really want to know who is hurting most from Tesla’s success,
bloomberg.com/graphics/2019-… 4/
BMW is getting hit almost 5 times more than Mercedes. Tesla is becoming America's "ultimate driving machine" for people who love the thrill of the road. Mercedes drivers, on the other hand, tend to value comfort and cachet over vroom 5/
bloomberg.com/graphics/2019-…
Again we see Model 3 satisfaction through the roof. Almost 99% of owners say they’d recommend it to friends and family, and that’s a huge part of how Tesla has grown so quickly. Every person I interviewed told me about taking friends for test drives 6/ bloomberg.com/graphics/2019-…
For as divisive as Elon Musk and Tesla can be, Model 3 owners gave high marks to both. "Elon is a character, and a lot of people don’t like him, but people love this car, and I think that’s something that needs to be more widely dispersed”—Aimee from GA bloomberg.com/graphics/2019-… 7/
For EVs to grow they need to reach beyond the core "tech bros from CA" demo. So we spoke to Tesla owners from rural America: plumber, veterinarian, law enforcement. "Library workers are passive aggressive and they like to just floor it”—Deanna from TN
bloomberg.com/graphics/2019-… 8/
And there's so much more. This has been the most complex, tedious, fascinating and fulfilling data projects I've worked on. If you like following me on Twitter, you should really check it out because this is, like, the essential
@tsrandall
9/ bloomberg.com/graphics/2019-…
The survey project isn't over! But we'll definitely be taking a breather. In the meantime I'll miss working with my project partners: @dean_halford, @cedricsam, @YueQiu_cuj—not only great data journos, but really good people. Till next time y'all 10/ bloomberg.com/graphics/2019-…
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Tom Randall
@tsrandall
The Tesla Model 3 Survey: In Part III of our survey of 5,000 owners, we take a close look at Autopilot—the good, the bad, the ugly, the life-saving 1/ bloomberg.com/graphics/2019-…
This is the messy middle ground in the transition to self-driving cars. We heard hundreds of stories where Tesla’s Autopilot put people in danger—and where it rescued them from it. More than 90% of owners said Autopilot makes them safer 2/
bloomberg.com/graphics/2019-…
Six drivers claimed that Autopilot actually contributed to a collision, while nine people in the Bloomberg survey went so far as to credit the system with saving their lives 3/ bloomberg.com/graphics/2019-…
Read 9 tweets
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Tom Randall
@tsrandall
🎃Part II: Tesla Model 3 Survey Results🎃
Today we published the second installment of our survey of 5,000 Tesla owners: customer service and charging 1/
bloomberg.com/graphics/2019-…
First, check out the number of service visits a new owner requires to fix problems that came with their car. Super impressive trend—but this is more about Tesla getting better at making cars, not improving service (see part 1: bloomberg.com/graphics/2019-…) 2/
For service, Tesla still has a lot of work to do. In 2018 it sold more cars than it had in the previous decade combined. The service infrastructure wasn’t ready for it, leading to long service delays and poor communication. It’s still a problem /3
bloomberg.com/graphics/2019-…
Read 8 tweets
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Tom Randall
@tsrandall
🚨Bloomberg's Tesla Model 3 Survey results🚨

In May, we started asking Model 3 owners about what it's like to own a Tesla, and they had a *lot* to say. We’ve crunched 500,000 words of feedback into four days of findings. Today is Part 1: Quality 1/ bloomberg.com/graphics/2019-…
First up: Tesla is getting better at making cars. Many early Model 3s were marred by defects, which peaked at 80 issues per 100 cars in Q3 2018. A year later, Q3 defects had dropped by 44%. Here’s a monthly breakdown 2/ bloomberg.com/graphics/2019-…
Most problems were on the exterior. The most common issues, perhaps not surprisingly, were paint defects, panel gaps, and scratches and dents. About 12% of owners reported some kind of paint imperfection 3/ bloomberg.com/graphics/2019-…
Read 7 tweets

Related threads

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Badan
@Badan_KR
Disruptive Thinking. What exactly is it?
It's the acceptance of a world that roots on contradictions: The economics of a buisness trying to optimize and reduce cost to reach operational efficiency. And at the same time such processes slow down the change in a company.
So, is change really needed? Do we have to change us constantly or is this just disrupting our workflow?

Short answer: Yes. And No.

Companies facing a more challenges then ever. Slow reacting hierarchical structures that are overly optimized cannot react to new developments.
Products are often evolutionarily optimized. The market of companies in markets like cars is a good example for this behavior.

Having too much change risks the market of the current product. They would create an inhouse concurrence or higher risk of failure.
Read 13 tweets
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Steve Faktor
@ideafaktory
@LinkedIn @LinkedInToday The H-1B is profoundly broken. It doesn't need to be cut, but reformed.

A rebuttal to this piece (from firsthand experience managing a global team with H-1B's at a F100 US corporation.:

bloomberg.com/opinion/articl…

(thread)
H-1Bs don't officially make workers indentured & underpaid; just unofficially. Workers can only switch to other companies that will pay to sponsor visas. Many don't. So:
- That reduced market
- Extra cost
- Transactional friction

Limit their options & pay.
Because many H1B workers arrive without families (or at least extended families), they tend to work longer hours, so companies get more bang for the buck.

How much buck?
Read 12 tweets
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Norbert Elekes
@NorbertElekes
Elon Musk was born on June 28, 1971, in South Africa.

Companies founded
Age 24: Zip2
Age 28: PayPal
Age 30: SpaceX
Age 32: Tesla
Age 44: OpenAI
Age 45: Neuralink, Boring Co.

“I think it is possible for ordinary people to choose to be extraordinary.”

Happy birthday, @elonmusk!
Tesla’s annual revenue

2007: $73,000
2008: $15 million
2009: $112 million

2015: $4.1 billion
2016: $7.0 billion
2017: $11.8 billion
2018: $21.5 billion

(Tesla) #future #automotive
The rise of SpaceX 🚀

2002: $27 million valuation
2009: $547 million valuation
2019: $34 billion valuation

(PitchBook) #spacex #engineering
Read 9 tweets
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Ed Rotberg
@Gonzo_Ed
@Tesla @elonmusk #Tesla #autopilot <start long rant> This in not really a rant, but more of an observation. First of all, it should be understood that I am an admitted Tesla fanboy. I was an early line waiter for my Model 3, and we have been owners of Tesla stock for much longer.
I believe in the future of EVs and Tesla in particular. I have EAP and have paid for FSD, so I’m behind the effort all the way. At 68 years old, I have owned many vehicles, including a number of really nice ones. I received my dual-motor Model 3 in August ’18,
and it is FAR and away the best car I have ever owned - period. Also, my background is in computer software and I am well aware of just how difficult this problem is. Faded lines, shadows, sudden left turn lanes, people pulling onto high speed, two-lane roads.
Read 15 tweets
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Alex Chalekian
@AlexChalekian
Adam Jonas of MS: "Today, supply exceeds demand, they're burning cash, nobody cares about the Model Y, the company raised capital near lows, no strategic buy-in. There could've been a strategic involvement in the capital raise, someone to fill the board to provide some know-how."
Gotta love that last part 🤣 $TSLA businessinsider.com/tesla-analyst-…
"Today, #Tesla is not really seen as a growth story. It’s seen more as a distressed credit and restructuring story.”

“At the heart of this is demand,” Jonas said of Tesla’s woes. “What is changed is demand. That is the first domino.” $TSLA bloomberg.com/news/articles/…
Read 3 tweets
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Sam Crosby
@SamPCrosby
Scott Morrison, Angus Taylor and the Liberals are starting to roll out a truly desperate campaign against electric cars using the dankest memes imaginable.

Anyway, here's a thread of all the times Liberals & Nats used electric cars for a photo op. 👇👇👇
👉 Here's Josh Frydenberg and Paul Fletcher posing outside Parliament House with the Mitsubishi Outlander, Tesla Model S and Model X, Nissan Leaf, Hyundai IONIQ and BMW i8.
👉 Here's the opinion piece Josh Frydenberg penned stating that “A global revolution in electric vehicles is underway and with the right preparation, planning and policies, Australian consumers are set to be the big beneficiaries”
Read 19 tweets

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