News that doesn't receive the necessary attention.

Wednesday, February 11, 2015

Shipments of Tesla electric cars meant to cure global warming delayed by cold weather. Historic US CO2 partner China only bought 120 Teslas in Jan. 2015-BBC, CNBC

2/11/15, "Tesla losses mount as China sales disappoint," BBC
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"Electric car maker Tesla has reported a fourth-quarter loss of $108m (£71m), compared to a loss of just $16m during the same period a year ago

Earlier in January, chief executive Elon Musk warned that sales in China during the quarter were weak.

Nonetheless, in a statement accompanying earnings Mr Musk said "we remain convinced of the vast potential of this market".

Tesla shares plunged 3% in after hours trading.

Furthermore, Tesla said production delays led to fewer shipments of cars than had been expected in the fourth-quarter.

The company said it built 11,627 vehicles but only shipped 9,834 cars during the period, blaming the miss on production delays and shipping problems.

"While we were able to recover the lost production by end of the quarter, delivering those cars was physically impossible due to a combination of customers being on vacation, severe winter weather and shipping problems (with actual ships)," the company said in its earnings.

Tesla said it planned to deliver 55,000 of its Model S and X vehicles in 2015 - 70% more than it delivered in 2014."
 

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US "historic" CO2 partner China only bought 120 Tesla electric cars in Jan. 2015:

2/11/15, "Tesla targets cold-weather states with new P85D," CNBC, Karma Allen

"Tesla sold about 120 cars in China last month, which was well below the company's aggressive targets, Reuters reported Wednesday, citing sources with knowledge of the matter. 
 
Tesla CEO Elon Musk has threatened to fire or demote top executives in the country if they are "not on a clear path to positive long-term cash flow,'' according to the Reuters report."...

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"The spirit of constructive cooperation of the US-China agreement seems to have come to a full stop."

12/8/14, "China rejects US-sought carbon pledge review at UN climate talks," South China Morning Post

"China has rejected the scrutiny of efforts to limit carbon emissions, a key tool that the US says is necessary as more than 190 countries work to come up with a new deal to fight climate change.

Chinese negotiators sought at a climate conference in Lima, Peru, to delete provisions in a draft text that would have paved the way for other countries and non-governmental organizations to submit questions about its carbon reduction plans, according to environmental groups that are official observers to the talks. The pledges will be included in a global deal to be sealed next year and that starts in 2020.
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US lead climate envoy Todd Stern told reporters that all national pledges should be subject to scrutiny by other countries, saying "the sunshine is intended to prod countries to be as ambitious as possible" in limiting carbon emissions.

The United States and China last month jointly announced efforts they plan to make under the new climate deal.

"The spirit of constructive cooperation of the US-China agreement seems to have come to a full stop," Liz Gallagher, senior adviser to the policy analyst group E3G, said on Saturday in an interview in Lima, where two weeks of UN climate talks began last Monday.

Chinese negotiator Su Wei did not immediately reply to an e-mail seeking comment.

"This is exactly the kind of risk that we face when hard lines are taken by parties," Tasneem Essop, a spokeswoman on climate policy for the environmental group WWF International, said. "It's early days…so we do hope that arties will soften their lines."

Essop said her remarks referred to all nations. She also criticised what she called a "slash-and-burn" exercise by the United States, European Union, Australia, Canada and New Zealand to remove any reference to a review of the commitments they had made to cut emissions before 2020."







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