Elon Musk hints at a low-cost electric vehicle in the works, made in high volume, with advanced production technology, and the progress in China is a significant factor in Tesla's success
Questions to inspire discussion
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What is the status of the next generation Tesla production line?
—Elon Musk reviews the plans for the next generation Tesla production line every week and believes it will be revolutionary. The first production line will be at Giga Texas, with Giga Mexico as the second option.
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What challenges are expected with the advanced production technology of the Next Generation vehicle?
—Elon Musk comments on the challenges that may come with the advanced production technology of the Next Generation vehicle, referencing past issues with over automation in the production line.
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How has Tesla managed supply chain disruptions and parts shortages?
—Tesla faced challenges in bringing new vehicles to market due to supply chain disruptions and parts shortages, leading to constraints and reflected in margins, but they managed through it well.
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What is the current status of Tesla sales in China?
—China sales for Tesla have seen a strong increase, with 17,400 vehicles insured in the week of November 27th through December 3rd, marking the best week since March.
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What is the impact of the Cybertruck on Tesla's financials?
—Elon Musk discusses the limited financial impact of the Cybertruck, its technical details, and the value of steer by wire.
Key insights
- 🚗 Elon Musk hints at a low-cost electric vehicle in the works, made in high volume.
- 🚗 "The production and manufacturing of the next-gen Tesla will blow people's minds."
- 🚗 "The thing that's most interesting about this is its production system. It's a level of production technology that is far in advance of any Automotive plant on earth."
- 📈 Forecasting the ramp-up of production for the Cybertruck is difficult and hinges on the least lucky part of over 10,000 parts and processes, making it uncertain how it will impact Tesla's financials in the future.
- 📈 The impact of the Cybertruck on Tesla's financials may be limited, especially during the ramping period, relative to the scale of Model 3 and Model Y.
- 🔋 The new Cybertruck battery pack has an energy density of roughly 170 watt hours per kilogram, showing improvement over the first 4680 packs.
- 🌏 The progress in China is a significant factor in Tesla's success, with updated vehicle numbers showing a sequential increase.
#DigitalVehicles #Tesla #Cybertruck #Model2
Clips
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00:00 🚗 Elon Musk shares comments on Tesla's Next Generation vehicle plans and Cybertruck, as well as updates on China sales and stock performance.
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00:57 🚗 Elon Musk reviews production plans for next gen Tesla weekly, believes it will be revolutionary, with Giga Texas as first production line option.
- Elon Musk reviews the production line plans for the next generation Tesla every week and believes it will be revolutionary.
- The first production line for the Next Generation vehicle will be at Giga Texas, with Giga Mexico as the second option, but it was more about speed than being ahead of schedule.
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02:23 🚗 Tesla's Elon Musk discusses production challenges and supply chain disruptions affecting new vehicle launches, but the company managed through it well.
- Elon Musk comments on the advanced production technology of the Next Generation vehicle and the challenges that may come with it, referencing past issues with over automation in the production line.
- Tesla faced challenges in bringing new vehicles to market due to supply chain disruptions and parts shortages, leading to constraints and reflected in margins, but they managed through it well.
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03:42 🚗 Tesla made the right call in delaying Cybertruck production due to constraints, and it may not impact financials until 2025.
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04:35 🚀 Elon Musk discusses Cybertruck impact, technical details, and value of steer by wire, while Sandy is pleased with back seat space.
- Elon Musk discusses the limited financial impact of the Cybertruck, its technical details, and the value of steer by wire.
- The speaker wishes for more production details on the new system and Sandy is pleased with the back seat space.
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05:47 🚗 Tesla's next-gen Cybertruck will have a battery pack size of 122.4 kwatt hours, with an energy density close to the best 217s or 18650s.
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06:39 🚗 Tesla's China sales are surging, Q4 sales are ahead of Q3, and the EV tax credit for the Model 3 will decrease in January 2024.
- China sales for Tesla have seen a strong increase, with 17,400 vehicles insured in the week of November 27th through December 3rd, marking the best week since March.
- Tesla's Q4 sales are ahead of Q3, with a small number of Model 3s, and the EV tax credit for the Model 3 will reduce to $3750 in January 2024.
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08:08 🚗 Tesla is getting more guidance on new requirements, which may change, but the transition to the Highland model 3 in the US will help mitigate the impact.
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