Tesoro ceased trading?

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Expat
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Tesoro ceased trading?

Post by Expat » Fri Oct 05, 2018 10:43 am

I've heard from a couple of (good) sources over here (NZ) that Tesoro have pulled the plug and laid their workforce off in the last day or so. Anybody able to confirm or otherwise? Sad if this is the case.



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Re: Tesoro ceased trading?

Post by Fusion » Fri Oct 05, 2018 11:13 am

On the US Treasurenet forum, Tesoro section, there's a post about it, which seems genuine.
:(

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Re: Tesoro ceased trading?

Post by littleboot » Fri Oct 05, 2018 11:33 am

My only surprise is they have hung on so long. Their last forays into 'new machines' have been weak to say the least and just rebrands of the same old technology. With the real ratcheting up of tech advance in the last few years they are no longer attractive and the area they sat in the market is now done by other firms better for the price. They simply seem to have lacked the money to move forward but that is the competitive nature of any sphere. Stagnation isn't an option. Great in their day...the first really capable lightweight machines. Loved mine and would still consider a second-hand example of the better models as a light, cheap back-up machine. As I said, their newer models were too expensive for what they brought to the table.
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Re: Tesoro ceased trading?

Post by diggerdave1 » Fri Oct 05, 2018 11:48 am

Will this affect the Laser models :-/ which are very popular in the uk...
which I think are made at the Tesoro factory for the uk...

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Re: Tesoro ceased trading?

Post by Koala » Fri Oct 05, 2018 1:39 pm

diggerdave1 wrote:
Fri Oct 05, 2018 11:48 am
Will this affect the Laser models :-/ which are very popular in the uk...
which I think are made at the Tesoro factory for the uk...
yes

they are essentially a Tesoro standard model rebadge with controls extra knobs either added or knobs removed.

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Re: Tesoro ceased trading?

Post by Koala » Fri Oct 05, 2018 1:55 pm

littleboot wrote:
Fri Oct 05, 2018 11:33 am
My only surprise is they have hung on so long. Their last forays into 'new machines' have been weak to say the least and just rebrands of the same old technology. With the real ratcheting up of tech advance in the last few years they are no longer attractive and the area they sat in the market is now done by other firms better for the price. They simply seem to have lacked the money to move forward but that is the competitive nature of any sphere. Stagnation isn't an option. Great in their day...the first really capable lightweight machines. Loved mine and would still consider a second-hand example of the better models as a light, cheap back-up machine. As I said, their newer models were too expensive for what they brought to the table.
agreed. They haven't had a decent design engineer since the days of the sabre

Silver, Golden, Bandido both in the umax and umax II and numerous Laser were all the same basic design.

still excellent machines.

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Re: Tesoro ceased trading?

Post by bob79 » Fri Oct 05, 2018 2:17 pm

Shame, had some good finds with my Laser B1.

Bob ::g

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Re: Tesoro ceased trading?

Post by alloverover » Fri Oct 05, 2018 7:59 pm

That's a great shame, I used a Lobo for many years, a Lasar B3 before that and a silver sabre before that, still got all of them, emotionally attached to them I guess x; x; ::g

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Re: Tesoro ceased trading?

Post by fred » Fri Oct 05, 2018 8:03 pm

Sad. I used Tesoros before I moved onto Minelabs and I really enjoyed using them. ::g
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Re: Tesoro ceased trading?

Post by legendbert » Fri Oct 05, 2018 8:21 pm

now i'm depressed, I still have my original silver sabre plus, and later a laser hawkeye, I always thought that one day they ( Tesoro ) would catch up with everybody else, and bring out a new wireless machine, with the same stunning performance and awe that the silver sabre had in its day , ( only better ) oh well, still happy with my little deus, disappointed with tomorrows weather forecast though, really wanted to get out! ;;z

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Re: Tesoro ceased trading?

Post by Sweep 88 » Fri Oct 05, 2018 9:01 pm

Found my only gold coin with my Tesoro toltec . Not used it in years it weighs a ton but will never sell it . shame but Tesoro have never moved on with the times . In a few years they will be museum
items along with my Arado 120 :;@
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Re: Tesoro ceased trading?

Post by silversabrebri » Fri Oct 05, 2018 9:46 pm

dam shame :(

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Re: Tesoro ceased trading?

Post by BAMBAM » Fri Oct 05, 2018 10:01 pm

There must be some value in that business .. just never invested in new designs and some of the eastern European new kids on the block models are no better than tesoro .. but just look better.
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Re: Tesoro ceased trading?

Post by alloverover » Fri Oct 05, 2018 10:11 pm

The Lobo was cutting edge for years, it was the best thing ever on irony sites, great for sceats and celts in amongst iron, don't know how they fell behind with the tech really as they were leaders at one time .

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Re: Tesoro ceased trading?

Post by diggerdave1 » Fri Oct 05, 2018 10:30 pm

When u look at Tesoro there latest machine ,tho its been out a while now the Mojave its hardly surprising, only upgrade was a change in the colour scheme the look of the detector, not exactly a revolution in new technology :-/ ....oh except a ground switch ;;z ......

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Re: Tesoro ceased trading?

Post by BAMBAM » Fri Oct 05, 2018 11:00 pm

Lets form a co-operative. £100 a share. buy it off the receiver. Gets our heads together and build the ultimate dream machine. nice dream :))

Tis a shame
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Re: Tesoro ceased trading?

Post by diggerdave1 » Fri Oct 05, 2018 11:32 pm

Good thinking BamBam ::g
Cant be that difficult building the ultimate Dream machine surely :-/
a knob here! a switch or 2 there! lol.. =))

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Re: Tesoro ceased trading?

Post by Rivers rat » Sat Oct 06, 2018 8:39 am

alloverover wrote:
Fri Oct 05, 2018 10:11 pm
The Lobo was cutting edge for years, it was the best thing ever on irony sites, great for sceats and celts in amongst iron, don't know how they fell behind with the tech really as they were leaders at one time .

HI I had mines retuned ,using them on the Thames as good as a F75 DST or a Deus with elliptical......i got a really good feeling using them,but they were as mentioned retune why Tesoro could not bother doing it is a mystery........


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Re: Tesoro ceased trading?

Post by fred » Sat Oct 06, 2018 9:09 am

Rivers rat wrote:
Sat Oct 06, 2018 8:39 am
alloverover wrote:
Fri Oct 05, 2018 10:11 pm
The Lobo was cutting edge for years, it was the best thing ever on irony sites, great for sceats and celts in amongst iron, don't know how they fell behind with the tech really as they were leaders at one time .

HI I had mines retuned ,using them on the Thames as good as a F75 DST or a Deus with elliptical......i got a really good feeling using them,but they were as mentioned retune why Tesoro could not bother doing it is a mystery........


RR
I used to retune my own for the Thames. It was mostly about adjusting the ferrite slug on the curcuit board to change the sensitivity to different metals. ::g
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Re: Tesoro ceased trading?

Post by targets » Sat Oct 06, 2018 11:35 am

they just couldnt get the staff so limited to simple designs
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Re: Tesoro ceased trading?

Post by diggerdave1 » Tue Oct 09, 2018 11:44 pm

u are spot on BamBam, agree totally with all that ::g
Time will tell on the rest....
All the best also mate ::g

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Re: Tesoro ceased trading?

Post by eltiess » Wed Oct 10, 2018 7:40 pm

Hello, new member here, I'll introduce myself in the appropriate board later.

I joined up because I was on the verge of buying my first machine - a Tesoro Tejon - when I had read that the factory staff had been laid off, though I also read that they'll be honouring repairs (not that it matters much in Europe where I then later learned it is only two years warranty here). I figured I'd get a good sense here of what may be a good alternative purchase without having to discriminate viral type marketing.

Anyway, that's my two cents to throw on the pile.

- Leigh (Aussie living in Duesseldorf)

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Re: Tesoro ceased trading?

Post by littleboot » Wed Oct 10, 2018 9:03 pm

I think in your case, Leigh, the Tesoro hiatus has helped you if it puts you off buying a Tejon. It isn't really a machine to choose as a first detector. Its rather an animal (had one once) and quite tricksy even for experienced detectotists. Go instead for something that gives you more of a clue...multi tones and maybe a screen and a few ready loaded programs to get you started. Sometimes the machines that seem the simplest are actually the hardest to master because they depend more on you than any technology. Think of it as like driving a car without power steering, automatic gearbox and with a clutch you have to double. Go for something else....it can be another Tesoro that is more user-friendly. I had an Invincible which was multi-tones and had success with it. But don't go for a Tejon. Don't stress too much about repairs because Tesoros are bomb-proof and also fairly easy to rectify in the unlikely event they go wrong.
GMP, Tesoro Invincible, wellies.

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Re: Tesoro ceased trading?

Post by targets » Thu Oct 11, 2018 2:28 pm

frank mellish of treasure world will know as thats all he does i believe ..his business will suffer
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Re: Tesoro ceased trading?

Post by haverite » Thu Nov 01, 2018 3:51 pm

I guess they could not compete with other brands and the technology that is now available at a decent price. Shame as I have a Laser scout and works great!
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Re: Tesoro ceased trading?

Post by diggerdave1 » Thu Nov 01, 2018 9:57 pm

\\\\\\\Several posts removed from this topic/and why :-/ ;;z ...

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Re: Tesoro ceased trading?

Post by mrix » Thu Nov 01, 2018 10:17 pm

Off topic replies will always be removed in these dedicated specific forums.

mrix

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Re: Tesoro ceased trading?

Post by Barracuda » Sat Nov 24, 2018 1:25 pm

I didn't know about this until just now looking for the correct place to post I've "just, purchased a Tesoro Laser B3 off evilbay I did a little bit of reading up on the model before buying it and they appear to be quite good but now hoping I don't have any issues with it because if Tesoro has now shut up shop I'm going to be screwed for getting it sorted out :(

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Re: Tesoro ceased trading?

Post by principia » Sat Nov 24, 2018 4:23 pm

Barracuda wrote:
Sat Nov 24, 2018 1:25 pm
I didn't know about this until just now looking for the correct place to post I've "just, purchased a Tesoro Laser B3 off evilbay I did a little bit of reading up on the model before buying it and they appear to be quite good but now hoping I don't have any issues with it because if Tesoro has now shut up shop I'm going to be screwed for getting it sorted out :(
Don't worry, there are still a lot of tesoro specialists who can repair those machines if necessary :)
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Re: Tesoro ceased trading?

Post by Barracuda » Sat Nov 24, 2018 4:34 pm

Thanks for the reassurance principa much appreciated definately good to know ;)

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