Solar production to date 2024 and 2023
Shows the dismal Feb 24.
Feb 2024 – a grey month that only produced 82 KWh just over half the 2023 Feb results.
So much for Global warming – all we have is cloud.
Solar production to date 2024 and 2023
Shows the dismal Feb 24.
See complete Solar Project details with year to date data:
Tesla Model 3 and Model Y pricing remain unchanged during Feb 2024, making 10 months of no increase to UK retail pricing. Model 3 price reduced by £3,000 during October 2023.
Model 3 base price remains at £39,990 and Model Y at £44,990.
Model Y available at £399 / month Great deal for deliveries before March 31st.
Just received an email from one of the many leasing firms that contact us.
This one is the hest we have seen for a Tesla Model Y.
Incredible new Tesla Model Y offer, just in! With February delivery.
Don’t miss this amazing deal!
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The Select Sales Team
In the quarter, Tesla generated earnings per share (EPS) of $0.71, falling short of the consensus estimate of $0.74.
Meanwhile, despite a 3.5% year-on-year (YoY) increase, the $25.2bn revenue was $590m below the analysts’ expectations.
The company built 494,989 vehicles — a 13% YoY increase — and delivered 484,507 vehicles, a 20% YoY increase, in Q4.
While this may sound impressive, production numbers were actually down quarter on quarter. This sequential decline was attributed to planned factory downtimes for upgrades.
For the full year, vehicle deliveries grew by 38% YoY to 1.81m. Production jumped by 35% to 1.85m vehicles.
Stock falls 10% at the open.
In 2023, we delivered over 1.2 million Model Ys, making it the best-selling vehicle, of any kind, globally. For a long time, many doubted the viability of EVs. Today, the best-selling vehicle on the planet is an EV.
Free cash flow remained strong in 2023 at $4.4B, even as we focused on future growth projects with our highest capital expenditures and R&D expenses in company history.
Energy storage deployments reached 14.7 GWh in 2023, more than double compared to the previous year, while Energy Generation and Storage business profits nearly quadrupled in 2023. Gross profit of our Services & Other business increased from a ~$500M loss in 2019 to a ~$500M profit in 2023.
Cost of goods sold per vehicle5 declined sequentially in Q4. Our team remains focused on growing our output, investing in our future growth and finding additional cost efficiencies in 2024.
In late December, we started rolling out V12 of FSD Beta6. Trained on data from a fleet of over a million vehicles, this system uses AI to influence vehicle controls (steering wheel, pedals, indicators, etc.) instead of hard-coding every driving behavior. V12 marks a new era in the path to full autonomy.
We are focused on bringing the next generation platform to market as quickly as we can, with the plan to start production at Gigafactory Texas. This platform will revolutionize how vehicles are manufactured.
Q4 2022 and Q4 2023 - Revenues in $ millions
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The good news is that it Tesla its goal of delivering 1.8 million electric vehicles. However growth has stalled with sales and revenue up on slightly. Tesla shares have fallen steeply in early trading.
Tesla brought in $25.2 billion in total revenue for Q4 2023, a year-over-year increase of 3 percent. Gross profits were down 23 percent for the quarter year over year, although net income (as determined by generally agreed accounting principles) increased 115 percent year over year. In large part, this was due to Tesla recording a “one-time non-cash tax benefit of $5.9 [billion] in Q4 for the release of valuation allowance on certain deferred tax assets”; non-GAAP income dropped 39 percent.
Free cash flow increased by 33 percent for the quarter, but its operating margin is almost half that of Q4 2022 at 8.2 percent.
For the entirety of 2023, total revenues stood at $96.8 billion, of which $82.4 billion came from automotive revenues, a 15 percent increase compared to 2022. Net profits for the year were 19 percent higher than 2022, but its margin for the year fell from 16.8 percent in 2022 to 9.2 percent in 2023, and for the year, free cash flow dropped by 42 percent.
The Model Y is responsible for much of the company’s success in 2023—Tesla normally does not break out sales or deliveries between the Models 3 and Y, but revealed in its results slideshow that it delivered 1.2 million Model Ys last year, meaning that it also delivered about 500,000 Model 3. Plenty of price cuts helped make that happen in the US, Europe, and China.
Annual Revenues in $ millions:
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Source: Tesla IR
We had the chance to drive the brand new Fisker Ocean at the recently opened Fisker showroom in Milton Keynes. In the showroom there were around a dozen Fisker Ocean Extremes awaiting collection from customers and a number of test vehicles.
Extremely positive the Ocean is a great looking car, it’s high off the road especially on the 22 inch wheels that are standard, it has good proportions, plenty of glass and a general positive attitude.
The Fisker Ocean is very well designed with plenty of attractive little features that make it much more interesting and enjoyable than other similar electric SUV’s. For example, there are three driving modes, your basic Economy, Sport and performance or Boost Mode that are selectable via a button on the steering wheel. The selected mode shows in the mini display in front of you. Other quirks include having no glove box but having additional storage below and under the central transfer tunnel between the front seats. Plus, there is a swing out table that Fisker call the Taco tray that pops out next to the driver’s seat where you could place your iPad or iPhone when you charge, and the passenger has a similar shelf that swings out where the glove box would be.
The range claimed to be an impressive 400 miles or so switching between modes will use more or less power in the respective modes Eco and Boost. We were told that the software will be updated to reflect the change in range. The ride seems pretty good, you sit quite high up as in most SUV’s but the view was exceptional with plenty of glass making the car light and airy as well as providing generally good visibility. The ride was fine not too harsh even with the massive wheels. Steering was fine responsive and sharp.
In some ways Ocean is like the Volvo SC40 SUV. Good looking squarish SUV with clever design features from a company that regards good design as part of the brand. Not bad company at all.
Like many pure EVs the performance is god, too – in Boost mode, the car will get from 0-60mph in 3.7 seconds.
The boot, at 476 litres, is nice and square with a low, flat loading lip, capacity rising to 918 litres with the rear seats folded. The floor folds up to reveal more storage underneath for cables and the luggage cover, and also features three hooks to secure shopping bags – another clever touch. As is the rear door glass that will drop independently – as well as in California mode – so you can drop stuff into the car without opening the boot door or carry longer loads.
The central screen is super responsive and informative with good software, so good it could have come from Tesla. It is streets ahead of Toyota and VW from a software perspective the screen is high res in portrait mode and has the ability to switch to landscape when parked for viewing movies or websites. The screen is supplemented by small switches for the heating controls. Plus, there was a secondary screen directly in front of the driver that shows mode speed and navigation but I think a lot of drivers will like.
This is the car there has been well designed and well made with plenty of innovation inside and out. For example, the front bonnet cannot be opened by the consumer but only by fiscal support. So no Frunk. One, assumes this hides the electronics the charger the inverter ETC. How you change the windscreen fluid, or a light bulb is unknown at present. Maybe new LED lights never fail and can’t be changed.
Fisker is just now delivering cars into the UK and claim over 300 happy customers already driving their Oceans around. The initial batch of cars are the Fisker Ocean Extreme at this model gets all the bells and whistles including 440 mile range 3.9 seconds to 60. The solar sky roof with starting price or £58,000. The Ultra, shares the same battery and four wheel drive but starts at £50,000, while the Sport with a smaller battery and single motor front wheel drive starts at £37,000.
Each model has plenty of options in terms of colours and trim cleverly the options cost more with the lower price models this makes the comparisons somewhat tricky in that the Ocean Extreme includes featured that in the Ultra you need to pay for.
The Fisker Ocean is a very competitive electric SUV with a good range plenty of design interest and had a good price especially for the Ocean Sport we expect sales to be considerable in the UK and Europe
Fisker disclosed Monday in an 8-K filing with the U.S. Securities and Exchange Commission that an unnamed institutional investor who holds its outstanding 0% senior secured convertible debt due 2025 has entered into an amendment and waiver agreement.
Among parts of the agreement, all financial covenants related to Fisker’s cash reserves were waived, which makes the company’s unrestricted cash available for use.
The agreement also includes a waiver of any remaining remedies resulting from Fisker’s previous late filing of its 10-Q audited report of results for the quarter ended Sept. 30.
“Among other matters set forth in the filing, Fisker and the investor agreed that upon a definitive agreement with a strategic OEM [original equipment manufacturer] partner, any liens on intellectual property would be released, further enabling the company to pursue strategic collaborations,” Fisker said in a statement. “Additionally, the amended agreement waives all financial covenants with respect restricted cash used for operations.”
Fisker’s stock has still tumbled 41.1% year to date and has plunged 81.1% over the past three months. In comparison, the Global X Autonomous & Electric Vehicle ETF DRIV has gained 6.7% the past three months and the S&P 500 index SPX has rallied 14.9%.
Based just off the Ring Road South approach to the airport’s south terminal, Gridserve’s ‘Electric Forecourt’ will service electric cars headed to and from the airport, as well as motorists using the nearby M23.
‘Gridserve has been placed in a strategic location and will be available to millions of passengers, commuters, staff, residents and businesses that pass through the area each year,’ said Bronwen Jones, development director at London Gatwick airport.
‘We are making sustainability part of everything we do here at London Gatwick and we are committed to creating a low-carbon economy by providing new infrastructure that everyone can use, so together we can reduce emissions.’
You’ll find an energising 30 EV charging bays at the London Gatwick Electric Forecourt®, the vast majority (22) being our 350kW-capable High Power chargers. These industry-leading EV chargers are available 24/7, feature both CCS and CHAdeMO connectors and allow the latest electric models to acquire 100 miles of range in less than 10 minutes.
There are also four 22kW-capable Low Power AC chargers and four Tesla Superchargers on site, ensuring all types of electric vehicle can charge easily.
While the building may look similar in style to the Norwich Electric Forecourt®, the internal format is quite different, as are the opening times: 4.30am to 10pm coincides with the vast majority of international flights.
Upstairs has been split into three distinct zones. Firstly, there’s a Little Fresh convenience store that features Amazon’s Just Walk Out technology – you simply tap your contactless payment card or smartphone wallet to enter the store, grab any items you need and leave. Myriad sensors (and a little bit of witchcraft) do the rest.
There’s also a Costa Coffee store, now with more seating options and the ability for Costa Club members to pre-order and pay for selected food and drinks prior to arrival. Most visually impactful, however, is the new electric vehicle experience area. Whether it’s combatting a few tabloid myths, learning about maximum charging speedsor booking a test drive, our expert and impartial EV gurus are here to make learning more about electric vehicles your favourite new year’s resolution.
Source: Gridserve
Tesla Model 3 and Model Y pricing remain unchanged during December 2023, making 8 months of no increase to UK retail pricing. Model 3 price reduced by £3,000 during October 2023.
Model 3 base price remains at £39,990 and Model Y at £44,990. Model 3 available at 0% finance. New shipments on boat from China and expected in UK early in 2024 with refreshed look for model 3. Expect a sales jump on the monthly numbers.
Production | Deliveries | |
Model 3/Y | 476,777 | 461,538 |
Other Models | 18,212 | 22,969 |
Total | 494,989 | 484,507 |
Production | Deliveries | ||
Model 3/Y | 1,775,159 | 1,739,707 | |
Other Models | 70,826 | 68,874 | |
Total | 1,845,985 | 1,808,581 |
In 2022, the Department for Transport pledged to install at least six rapid or ultra-rapid chargers at every motorway service area by the end of 2023. But only 46 of the 119 sites meet the target. Reports the RAC>
Installing high-powered chargers on motorways and major A roads is a crucial part of the Government’s plan to encourage more drivers to switch to electric vehicles, as it is hoped this will dispel drivers’ fears of running out of charge on long journeys. High-powered chargers can deliver 100 miles of range to an electric vehicle in around 35 minutes.
The Government wants around 6,000 of these chargepoints on strategic roads by 2035. Yet so far, only 581 have been installed on England’s motorways. There would be at least 714 if the Government had met its target for 2023.
In 2020, the Government set aside £950m to support the rollout of these chargers. The fund was designed to provide grants covering the cost of upgrades in motorway services areas where it is not commercially viable for private firms to install chargers.
However, as of last month, the Department of Trade had allocated just £70m from this pot to a pilot scheme involving upgrades at 10 motorway service stations.
Shadow transport secretary Louise Haigh was quick to point out after the announcement of the pilot scheme that this £70m makes up just 7pc of the £950m in promised funding. “How many more years will drivers have to wait for the rest?” she wrote on the platform X, formerly Twitter.
One reason for the delay is that the fund has faced investigations from the regulator. The Competition and Markets Authority has previously flagged concerns that the fund could entrench competition problems in the industry.
As well as unveiling the pilot scheme, the Government opened a consultation, closing in February, on the design of the fund and where chargers are needed most.
Only 18 service areas have no rapid charging, according to the RAC. However, four have no charging facilities at all, including Leicester Forest on both sides of the M1, Tebay South on the M6, and Barton Park on the A1(M).
The Government has promised that the UK will phase out sales of new petrol and diesel cars and vans by 2035, as part of its commitment to meet net zero greenhouse gas emissions by 2050.
Simon Williams, of the RAC, said: “It’s clear from our research that the Government has fallen well short of its target of having six high-powered chargers at every motorway service area in England.
“There is undoubtedly an eagerness among chargepoint companies and motorway service operators to install these types of units but unfortunately, it’s often the high-power cabling to the grid that’s the major barrier which is out of their hands.
“More clearly needs to be done to make this process simpler than it is currently.
“Hopefully once the Government’s rapid charging fund kicks fully into action, some of these hurdles will be overcome.
“We continue to believe that the wide availability of ultra-rapid charging is crucial in giving both current and future EV drivers confidence to know they can easily make journeys beyond the range of their vehicles in a time-efficient way.”
A Department for Transport spokesman said: “The number of public chargepoints is surging across the country and around 96pc of motorway services now offer charging facilities for drivers.
“As well as our £70m pilot to help roll out ultra-rapid chargepoints on motorways, we are driving forward the biggest reforms to our electricity grid since the 1950s – halving the time it takes to build networks, and speeding up connections.”
Source: RAC
December 2023 may well be the gloomiesit month on record. Total production was just 18kWh a pitiful amount of power. Most of that was on Dec 8th, the only bright spot for the month.
The month was wet, grey and most likely above average temperatures.
Solar production to date 2023:
Shows the dismal March and the more respectable May and June data with July producing only a few kWh more than April and August just a few more kWh that July. September was reasonably sunny and contributed 360 kWh. October and November less so as the sun sets earlier. December produced no significant sunlight.
See complete Solar Project details with year to date data:
As our existing Octopus Go tariff expires in August we made the switch to Octopus Intelligent.
This is a replacement for Go and available to EV owners. With this rate Octopus talk to your car and determines a charge plan each night. You need to configure your car with the Octopus app and set charge levels and time of departure. So far this seems to work reasonably well. Full report to follow.
If you are interested in switching to Octopus use this link to share £100:
https://share.octopus.energy/aglow-foal-953
If you are interested in Solar PV and Battery storage then you should look at Solar Edge equipment and solutions. Use this link to Solar Edge to save £200: