As Tesla prepares to release its third-quarter earnings amidst a wave of speculation and market uncertainty, the eyes of analysts and investors are fixed firmly on the EV giant. Dan Levy of Barclays, often a supporter of Tesla, forecasts potential delivery shortfalls, setting the scene for a pivotal report that could influence Tesla's trajectory in the coming quarters.
Potential Hurdles: The China Factor, Model 3, and Cybertruck
The anticipated 455,000 units for the quarter, while substantial, fall shy of the expected 463,000, prompting questions regarding Tesla's ability to meet Wall Street's projections. China, representing a significant portion of Tesla's market, poses a particular challenge. A 31% dip in Tesla's China-made vehicle sales from June to July marks the first decline since the previous December, spotlighting potential hurdles in this vital market.
Model 3 Revamp and Cybertruck
The introduction of the revamped Model 3 generates both opportunities and challenges. The anticipation of a new model may be causing potential buyers to delay purchases, impacting sales globally. This shift in consumer behavior necessitates efficient inventory management to clear out older models and make way for the refreshed Model 3. But just how much does Tesla have to discount the original Model 3? There is still no firm date for the Highland coming to North America.
The upcoming Cybertruck, with over 2 million reservations, represents another variable in Tesla's equation. While many reservation holders may already own a Tesla, many are likely biding their time, holding on to their traditional ICE vehicles as they await the arrival of Tesla's innovative electric truck.
Navigating Challenges: Analysts' Stance and Market Sentiment
Despite these challenges, the analyst community holds a generally neutral view of Tesla. Strategic adjustments in production, pricing strategies, and external factors like the ongoing United Auto Workers strike affecting other automakers could benefit Tesla. While there may be a miss on this quarter, there are likely to be significant numbers ahead. When the new Model 3 and Cybertruck are available, there will be a lot of demand and a lot of deliveries.
With the release of next week's earnings report, Tesla is at a crucial juncture. The China factor, consumer anticipation for new models, and internal strategic adjustments set the stage for a closely watched reveal. The report is more than just a revelation of numbers; it's a litmus test for the company's strategic decisions, market adaptability, and ability to meet growing expectations.
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The Cybertruck has now celebrated its first Halloween, and owners did not disappoint in coming up with clever and unique decorations for their stainless steel trunk. Make sure you’ve got whatever is left of your candy nearby cause we’re going in.
Aliens
Up in the hero image to get us started - the Cybertruck is really a piece of alien technology. At least, that’s how it appears when it first arrives in town. So, why not celebrate the alien-ness of the Cybertruck to North American roads? We love it.
Spooky
@jayvee10x over on X put together this fantastic display for Halloween and included their Cybertruck! The Cybertruck would definitely be a good vehicle of choice to take on zombies and walking skeletons.
By @jayvee10x.
@jayvee10x
Halo
TeslaKen over on the Cybertruck Owner’s Club forums put together this outstanding Cosplay of Master Chief from Halo, and wrapped up his Cybertruck to look like a Warthog. Probably one of the coolest costumes we’ve seen so far.
By TeslaKen on the CT Owners Club
TeslaKen
Jaws
Sometimes, all you need to do to get a scare is to show some nice sharp teeth. The smoke machine just completes the look with the red glow.
Fangs!
Not a Tesla App
More Aliens
Terry Stach and Robert Martin captured some aliens in their trucks. Best to keep an eye on these ones, lest they whisk you away in their Cyber-UFO. Just watch out though, because @brandtsla over on X is being chased by that UFO!
The Cyberbeast’s logo is the three-headed hound that guards the gates of hell - Cereberus. Turns out that S.E. Robinson let the dogs out. Our favorite, all things said. Maybe a smoke machine and some red lights to complete the look though! Oh wait, he’s got that too!
The Cybertruck makes an incredible canvas for Halloween decorations, and we’re eager to see even more creative ideas emerge as it heads into its second Halloween season next year.
While this isn’t exactly a feature most users will see often, Tesla has added some features that should help technicians know more about a vehicle’s history. Best of all, while Service History is aimed at technicians, it’s also accessible by any Tesla owner.
So, grab your wrench, and let’s take a detailed look at Tesla’s new Service History.
Service History
Service History is a new feature in Tesla’s Service Mode that tracks all the maintenance a vehicle has received. Technicians are prompted to use Tesla’s Correction Codes, which define the repair that took place and then provide an optional timestamp for the repair being completed. In short, it’s a way to keep track of repairs and services within the vehicle. This should make it easier for technicians to solve issues by being aware of the vehicle’s history.
Service History is accessible directly on the main panel of Service Mode. While Tesla already has internal tools to access a vehicle’s history, the real benefit will be when the vehicle is serviced by different technicians. For example, a local tech could now be services that Tesla serviced performed and vice-versa.
Service history is also permanent and stays with the vehicle. Once entries are added, they cannot be edited or removed, so there’s no tampering with a vehicle’s service history.
You can see the new Service History option on the bottom right.
Mahtava
These timestamped history logs are permanently saved to your vehicle and are accessible by Tesla and anyone else who can put their car into Service Mode. If you want to take a peek and are on 2024.38 or higher, you can follow our Guide on Service Mode here.
Entering a Service Item
When entering a new Service History entry, you’re given a few options, including a Correction Code. Tesla maintains a list of Correction Codes for pretty much everything under the sun, from a full-out swap of the battery pack or one of the motors to things as simple as replacing the wiper blades or adding windshield washer fluid.
Technicians servicing Tesla vehicles will have the option to indicate whether they’re a first-party doing the work (Tesla Service), a qualified third-party independent repairer, or an unknown—like the vehicle owner themselves.
The pop-up that displays when you open Service History.
Mahtava
If you’d like to add an entry yourself, you can give it a try, as it’s pretty straightforward. You can select a Correction Code for something you’d normally DIY, like adding washer fluid. You can then select a timestamp, which is optional, and then select what type of repairer you are - first party, qualified third party, or other.
The Record Service Menu.
Mahtava
Expanding Service History
Tesla’s new Service History is a really interesting idea. It puts third-party technicians and vehicle owners on equal ground, with everyone having access to a vehicle’s history. It’s also going to be useful for owners to keep track of simple tasks like tire rotations, wiper blade replacements, low-voltage battery replacements, and more.
Service History also helps solve the issue of Tesla not being able to effectively track vehicle services done by qualified third-party repair shops, who often won’t push the vehicle correction codes via Toolbox 3.
Instead, this allows even unfamiliar repair technicians an easy-to-see and easy-to-use solution to log and diagnose potential issues quickly.
We’d love for Tesla to make Service History even more accessible, potentially moving it out of Service Mode, which only a small percentage of owners will ever go into.
It’d be useful if Tesla moved certain options into the main Controls > Service area, allowing vehicle owners to add simple things like adding windshield wiper fluid. For more complex changes, Tesla could ask owners to enter Service Mode, and remind them that all entries are permanent and can not be changed or removed, even by Tesla.
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