Tesla is making significant advancements in their Full Self-Driving technology, production numbers, and potential market growth, while also challenging traditional perceptions of affordable electric vehicles
Questions to inspire discussion
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What is the current status of Tesla stock?
—Tesla stock closed at $253.18, down 3.2%, with little movement overall.
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What is the latest update on Tesla's Full Self-Driving technology?
—Tesla has started rolling out FSD beta version 12.1 to more employees, with potential for customer release in the next month or two.
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What are the expectations for Tesla's upcoming delivery and production report?
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—Expectations for the upcoming delivery and production report for Q4, with a focus on production figures for Giga Shanghai and other factories.
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What are the production records and future goals for Tesla?
—Production records are up 18% quarter over quarter and 16% year-over-year, with Tesla aiming for 1.8 million vehicles in 2023.
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What are the latest developments in Tesla's expansion and partnerships?
—Uber is looking to team up with Tesla to enter Japan's taxi market, initially rolling out 30 Tesla Model Ys increasing to 100 electric cars in 2024.
Key Insights
Key insights
- 🚗 Tesla has started to roll out FSD beta version 12.1 to more employees, including 15,000+ personally owned Tesla employee vehicles, marking a massive expansion over version 12.0.
- 📈 The update to version 12 is expected to bring significant progress and pave the way for rapid advancements in the future.
- 🌏 The strength in China's market could potentially lead to a record-breaking quarter for Tesla, with a potential 10% increase above the previous record.
- 📈 Tesla's production is expected to be well above 1.8 million for the year, exceeding original guidance.
- 📈 Reports of Tesla's participation in TSMC's 3 nanometer process chip designs for Hardware 5 could indicate a significant technological advancement in the near future.
- 📊 The shift in consumer sentiment towards buying a Tesla after Elon Musk's influence is quite significant, with 35% now saying they are more likely to buy.
- 🤖 Elon Musk's comment on the $25,000 compact Tesla vehicle design is pretty interesting, as it challenges the perception of what a car at that price point should look like.
- 🚗 Xiaomi's first EV, the su7, is expected to have a high performance with 0 to 60 in 2.8 seconds and over 100 KW hour battery pack.
#Tesla #Investment #RobMaurer
Clips
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00:00 🚗 Tesla is rolling out FSD beta v12.1 to more employees, with plans to release v12 to customer cars in the next month or two, bringing significant updates to the network.
- Tesla stock closed at $253.18, down 3.2%, with the NASDAQ also down, resulting in little movement overall.
- Tesla has started rolling out FSD beta version 12.1 to more employees, with Elon Musk commenting that it works well in California but needs more training for heavy precipitation areas.
- Tesla is close to releasing version 12, with the potential for it to be available on customer cars within the next month or two, and it is expected to bring a significant update to the network.
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02:32 🚗 Tesla's insured vehicle numbers in China have increased, Q4 production figures for Giga Shanghai and other factories are expected, with downtime in Berlin and Texas factories but an increase in production expected after upgrades.
- Tesla's insured vehicle numbers in China have continued to strengthen, with the week of December 18th through the 24th yielding 18,500 insured vehicles, putting the quarter up to 156,000 vehicles, which is up 177% from Q3.
- Expectations for the upcoming delivery and production report for Q4, with a focus on production figures for Giga Shanghai and other factories.
- Berlin and Texas factories had downtime in the third quarter, but there are expectations for an increase in production, especially in Texas, after upgrades.
- Production at the factory is estimated to be around 110,000 with a slight decline in Model S and X production, and an expected drop in Model 3 production as well.
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06:20 🚗 Tesla's production records are up, aiming for 1.8 million vehicles in 2023, with potential Model Y upgrades and expansion into India expected next year.
- Production records are up 18% quarter over quarter and 16% year-over-year, with Tesla aiming for 1.8 million vehicles in 2023 and analyst consensus expecting deliveries to be just above the guidance.
- Piper Sandler predicts Tesla's production and delivery numbers for the quarter, with a range of 470,000 to 510,000 vehicles.
- Tesla is preparing to roll out an updated version of the Model Y, with possible code name "Juniper", and there may be some downtime for Chinese New Year in 2024, but Tesla has denied the report.
- Updates on potential Model Y upgrades and expansion into India are expected next year, with rumors circulating about both.
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10:18 🚗 Tesla plans to open a car manufacturing plant in garat, potential hardware improvements and transition to Hardware 4 are in progress for Tesla vehicles.
- Tesla is expected to announce the opening of a car manufacturing plant in garat during the vibrant garat Summit in January 2024, with officials expressing hope for an announcement soon.
- Elon Musk has mentioned potential improvements in hardware for Tesla vehicles, with reports suggesting participation in TSMC's 3 nanometer process chip designs for 2024.
- Hardware 4 transition is still in progress and it is unlikely for the transition to the Next Generation to happen before 2025 or 2026.
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13:00 🚕 Uber plans to partner with Tesla for 30 Model Ys in Japan, while Tesla sees a surge in Cybertruck orders.
- Uber is looking to team up with Tesla to enter Japan's taxi market, initially rolling out 30 Tesla Model Ys increasing to 100 electric cars in 2024.
- Tesla has seen a significant increase in Cybertruck orders, with the order tracker showing 527 orders and a heat map survey of a thousand people across all 50 states in the US.
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15:06 🚗 Tesla's public relations efforts are addressing customer concerns and refuting articles, with a significant shift in sentiment towards buying a Tesla since February.
- Respondents were asked if Elon Musk made them more or less likely to buy a Tesla, with 35% saying more likely and 27% saying less likely, showing a significant shift since February.
- Elon Musk's post on X resulted in a lot of advertising, showing that sentiment can change over time, and Tesla has been refuting articles and making more public relations efforts.
- Tesla is providing additional context and information in response to customer anecdotes and media reports, addressing the issue of a damaged component in a crash involving a brand new vehicle with low mileage.
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17:43 🚗 Elon Musk addresses criticism, shares render of $25,000 compact Tesla vehicle, and comments on manufacturing injuries.
- Tesla addressed speculation about a robot attack on an engineer, with Elon Musk commenting on the decline in manufacturing injuries.
- Elon Musk addresses media criticism of Tesla's industrial robot arm and shares render of a $25,000 compact Tesla vehicle, while also making an interesting comment on the last video from Friday.
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19:54 🚗 Tesla finds temporary solution for license plate issues in Sweden, Xiaomi releasing high-performance electric vehicle, and market closures for New Year's Day.
- Tesla has found a way around a court ruling in Sweden regarding the delivery of license plates by changing the ownership to the customer.
- Tesla has found a temporary solution for license plate issues, and Xiaomi is releasing their first high-performance electric vehicle with over 800 km of range.
- Next Monday is New Year's Day, so the markets will be closed, and there will be various economic reports throughout the week, with the delivery and production report likely coming on Tuesday.
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