🌐 Elon Musk acknowledges and respects Tesla’s China-based competitors during the recent earnings call. 🚗 Chinese automakers are recognized by Musk as the most competitive in the industry. 🌍 Without trade barriers, Musk believes Chinese automakers could dominate most other companies globally. 🔌 Tesla is willing to collaborate and share resources with other electric car…
📉 Tesla’s stock (TSLA) dropped over 9% after the Q4 and FY 2023 earnings call. 📊 Analysts express dissatisfaction due to Tesla’s vague guidance for 2024 and focus on the next-gen platform, leading to concerns about lower volume growth. 📈 Despite a record 2023 with 40% YoY vehicle sales growth to over 1.8 million units,…
🤖 Tesla aims to ship Optimus humanoid robot units in 2025. 🔄 Gen 2 Optimus prototype has updates, including humanlike hand movements and a lighter body. 🚶 Optimus can walk 30% faster than its previous versions. 🤔 Main challenge is making Optimus do useful tasks; utility is still being worked on. 📉 Optimus has progress…
In a recent revelation by Elon Musk during Tesla’s Q4 and FY 2023 earnings call, significant details emerged regarding the production locations, groundbreaking technology, and global strategy for Tesla’s next-generation electric vehicle. Let’s delve into the key aspects shaping the future of Tesla’s automotive landscape. 1. Next-Gen EV Production Locations: A Global Vision 🌍 Elon Musk…
🚗 Elon Musk reaffirms that Tesla FSD (Full Self-Driving) licensing is still an option. 🗣️ Musk hints at tentative conversations with a few companies regarding FSD licensing agreements. 🤔 Musk suggests that some car companies may not believe FSD is real yet, but he expects this perception to change in the coming year. 📞 Musk…
🚀 Tesla Energy is expected to outpace the automotive business in growth rate in 2024. 📉 Tesla anticipates lower volume growth in its automotive business in 2024 due to the focus on the next-generation platform. ⚡ Impressive growth in Tesla Energy, with total energy storage deployments reaching 14.7 GWh in 2023, a 125% increase from…
🚗 Tesla executive addresses concerns about 4680 cell production limiting Cybertruck ramp during earnings call. 💡 4680 cell production is ahead of the ramp with weeks of finished cell inventory, easing concerns. 📈 Goal is to maintain sufficient 4680 cell production not only for Cybertruck but also for future vehicle programs. 🔄 Giga Texas successfully…
🚗 Tesla’s next-generation vehicle will start production in the second half of 2025. 💰 The new vehicle aims to enter a new pricing point for wider customer accessibility. 🌐 The next-gen vehicle will be a completely new model with new production lines. 🤖 While details on the vehicle, codenamed “Redwood,” are limited, it seems focused…
💰 Tesla improved the cost of goods sold per vehicle, reaching slightly above $36,000. 📉 The company has consistently reduced the cost with a sequential decrease in each quarter. 📊 Q4 2023 saw the largest reduction in Cost of Goods Sold (COGS) compared to Q3 2023. 🔄 Tesla employs various techniques to lower COGS, focusing…
📉 Tesla anticipates a notably lower growth rate in 2024 compared to 2023. 🚗 The lower growth is attributed to being “between two major growth waves” and the development of Tesla’s next-generation platform. 🌐 Tesla aims for a compound annual growth rate (CAGR) of 50%, planning to grow production as quickly as possible. 🚀 The…