Following news that production of the Chevrolet Silverado EV would be delayed, General Motors has announced that the Chevy Equinox EV would likewise be arriving behind schedule.
The postponement was announced as part of GM’s earnings report, with CEO Mary Barra citing improvements the company would like to make to the product as well as some market challenges. Some of that revolves around using the time to better manage capital investment related to EV demand (or lack thereof) while the rest seems to apply to engineering changes that might make the vehicles more profitable.
During last week’s earnings call, Tesla CEO Elon Musk confirmed that the Cybertruck would be delayed until at least 2023. That places the polygonal pickup two years behind its original schedule. But who among us with knowledge of the automaker’s production history actually thought it would be delivered on time?
Delaying products has become a hallmark of the Tesla brand and Musk doesn’t seem to be sweating it. Rather than focusing on launching a new vehicle for 2022, the business wants to prioritize increasing capacity and finalizing its move from California to Texas. Now based in Austin, Tesla made $5.5 billion last year compared with the previous record year of $3.47 billion in net income posted in 2020. Musk said the shift into routine profitability is proof that EVs are viable, adding that the company could have done even better if factory output hadn’t been so constrained last year. Unfortunately, those hurdles haven’t dissipated for 2022, encouraging the automaker to wait on both the Tesla Cybertruck and Roadster.
Tesla is taking another look at cryptocurrency, though this time it looks to be a goof as the currency in question is the meme-based Dogecoin. Though the joke could be on the market because the currency surged up by over 10 percent after Elon Musk made the announcement you could purchase “merch” with it.
Last year, Tesla said it would begin accepting Bitcoin. CEO Elon Musk had taken a visible interest in cryptocurrency and the automaker opted to take a chance on the one format that’s been able to break into the mainstream. Then the company changed its mind, with Mr. Musk referencing the sudden influx of media reports claiming it was bad for the environment.
Tesla’s Cybertruck has been delayed. The automaker updated its online vehicle configurations to reflect that the model will no longer be arriving in 2021. The pickup’s new launch date is set for sometime in 2022, with no hints on what part of the year the company plans on getting the assembly lines humming.
Though there’s little reason to get bent out of shape. Tesla has always been notorious for delaying vehicles and the automotive sector is currently in a state where you’d probably be more shocked to learn that Cybertruck was arriving on time. Besides, Tesla now has more time to dangle the model in front of consumers as a way to keep itself relevant.
Comments made by Tesla boss Elon Musk and other company execs on an earnings call seem to suggest that Tesla Cybertruck production may be delayed.
That doesn’t necessarily mean the truck will be a flop, as I’ve predicted, but it’s not great news for Tesla, either.
Late last year we reported that thanks to the coronavirus and its impact on suppliers, Ford Bronco production would be delayed, saying “customers will receive a delivery window in May 2021. First customer deliveries will now begin in summer 2021 instead of spring 2021.”
Not that it should be any surprise with pricing creeping up, but U.S. vehicle inventories are some of the lowest we’ve seen in roughly a decade. Unfortunately, it’s difficult to get a solid estimate on supplies as many automakers no longer have the balls to conduct monthly reports, at least not any they’re willing to share. The few that still do have been a little light on the lot, however.
Going into fall, we’d expect to see supplies around the 60-day mark with about a quarter of those vehicles representing the upcoming model year. Mainstream brands seem to be running with a lot fewer cars this month. On Monday, Automotive News estimated that September was probably representing the lightest industry-wide supply of vehicles since October of 2011. Meanwhile, Cox Automotive has the industry sitting on 56 days worth of cars — noting that national inventories shrank to 2.26 million vehicles, or about 870,000 fewer from the year before.
You’ll be crushed to learn that Ferrari’s SF90 Stradale has been delayed on account of the pandemic.
By nature of being the brand’s very first plug-in hybrid, the SF90 is incredibly complex. The model relies on a trio of electric motors working in tandem with its turbocharged 4.0-liter V8 to achieve a maximum output of 986 horsepower and 590 lb-ft. Electrification also requires the Stradale to have a small, 7.9 kWh lithium-ion battery, regenerative brakes and a totally new 8-speed transmission.
The grocery list of essential (and novel) items turned out to be problematic as supply chains were disrupted the world over by coronavirus-related lockdowns. Originally scheduled for delivery this summer, the SF90 is being pushed back to the end of the year as Ferrari waits for idled supply chains to catch up. The manufacturer admitted that its own shutdowns haven’t helped it get out the door any faster.
Thanks to last year’s prolonged UAW strike and this year’s global pandemic, production of Chevrolet’s new Corvette is way behind schedule. As reported previously, GM had already dialed back the expected number of 2020 C8s headed to dealers by roughly 20 percent before the coronavirus touched down in North America.
Unfortunately, reopening factories hasn’t magically transported the manufacturer into a scenario where C8 ‘Vettes are abundant and customers can rest assured they’ll see their new toy by the end of this year.
Plenty of orders have already been rolled over for 2021 model-year vehicles, especially if they’re convertibles. Now, supply chain troubles all but guarantee 2020 will be an unfortunately weak year for the mid-engined Corvette, and GM knows it. The company’s doing everything it can to get as much product out the door as possible. However, the obstacles placed in GM’s path have proven too large — and timed too perfectly — for it to ever had much of a chance at a normal product launch.
Whistleblowing Tesla Engineers Say Model 3 Batteries Being Made by Hand, Slowing Production, Creating Potential Fire Hazard
Tesla’s Model 3, described by many as a make-or-break product for the EV startup, has had a very slow launch, with production falling far short of the numbers Tesla had predicted.
CNBC is now reporting that, according to current and former Tesla employees, one of the factors in the launch delay is the failure of Tesla’s battery “Gigafactory” in aptly named Sparks, Nevada to come up to speed. Ironically, the highly automated factory apparently needs so much human hand work that Tesla has had to “borrow” dozens of employees from its partner in the facility, Panasonic.
Tesla’s Model 3 production problems are well documented, including the recent firings/layoffs. Now we’re hearing that while Tesla has conceded it has production “ bottlenecks” (and blamed some of the issues on suppliers failing to meet their deadlines), the company may also be shooting itself in the foot with mismanagement.
A TTAC reader with insider knowledge claims a design change to an aluminum frame component has idled production for nearly two weeks. In addition, an Indeed.com job posting from about 45 days ago sought temporary contract workers to program the robots on the assembly line.
That last bit is notable, as typically the hiring for that job would have wrapped up much sooner in advance of the production launch.
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- FreedMike "This week, Senator Josh Hawley (R-MO) "Oh, THAT clown. The Undistinguished Gentleman and Brave Christian Culture Warrior from North Arkansas - I mean, Missouri - who was caught pulling a Brave Sir Robin act on January 6th, after he egged on the rioters? This guy shouldn't be running for dog catcher, must less consuming oxygen in the Senate chamber. Assess his proposals accordingly.
- EBFlex Yawn. It’s still a white refrigerator. A Camry has more soul and passion than this.
- Jkross22 For as nice as these were at the time, I always preferred the 850, even with wrong wheel drive. Especially the early 90s. In sedan form. The 850R. Mmmmm.
- FreedMike Well, if you want a Swedish cockroach that's easy to work on, here's your ticket. Tad overpriced but it's an asking price, after all. And those old Volvo seats are divine. It'd be worth a look.
- SCE to AUX "...has arguably advantaged the Asian nation by subsidizing electric vehicles, it has attempted to prioritize more domestic manufacturing by pouring money atop the relevant industries via the so-called Bipartisan Infrastructure Law and Inflation Reduction Act"Seems like you're trying to diss the Biden Administration before crediting its protectionism in the IRA.Chinese-made EV batteries aren't part of the subsidy program, so subsidizing EVs hasn't advantaged China. But the general sourcing of Chinese-made components - whether in a subsidized car or not - does help China.This is a general problem in the US economy. Everybody wants to wave the flag, but nobody wants to be the high-cost supplier, and nobody wants to pay more.The same scenario played out 50 years ago, except the competitor was Japan. At the end of the day, protectionism didn't work, and consumers got what they wanted.