Tesla's strong sales in China, expansion of supercharging to non-Tesla EVs, and new plant in Santa Katarina are contributing to its success and impact on the electric vehicle market
Questions to inspire discussion
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What updates are there on Tesla's sales and job listings?
—The video discusses strong sales in China, job listings, and cybertruck order invitations being opened back up for some reservation holders.
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What are Volkswagen's plans for charging standards?
—Volkswagen plans to adopt the North American charging standard for their vehicles starting in 2025 and is exploring adapter solutions to access the Tesla Supercharger Network.
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What is SAE's role in charging infrastructure?
—SAE has released a technical information report for the adoption of NACS as the standard for charging infrastructure, allowing developers to proceed with certainty and third parties to use nacs as they see fit.
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What are the expansion plans for Tesla's new plant in Santa Katarina, Mexico?
—Tesla is looking to hire an indirect procurement manager for their new plant in Santa Katarina, Mexico, and there are signs of life for Gigafactory Mexico.
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What is the impact of Tesla's hourly workers' pay increase?
—Tesla hourly workers at gig Nevada will receive a 10% pay increase in January, with the possibility of similar actions at other Tesla factories, and the added effect of UAW contract renegotiations.
Key Insights
- 🔌 Tesla's strong China sales are contributing to its success in the market.
- 📈 The strong China sales of Tesla continue to surpass previous records, with a 15% increase above Q3 and a 10% increase above Q2.
- 🚗 Volkswagen, Audi, Porsche, and Scout motor Brands will be adopting the North American charging standard beginning in 2025.
- 🚗 Volkswagen's commitment to the charging standard marks a significant step in accelerating the world's transition to sustainable energy.
- 🔌 Tesla is expanding supercharging to non-Tesla EVs in multiple countries, increasing accessibility for electric vehicle owners.
- 🔋 Tesla's new plant in Santa Katarina will have a significant impact on infrastructure development and sourcing strategy.
- 💰 Tesla hourly workers at gig Nevada will be receiving a roughly 10% increase in Pay beginning in January, with some cases seeing even larger increases.
- 📉 Slower growth rates in EV sales are causing some companies to reevaluate their aggressive EV plans, potentially impacting their ability to achieve competitive scale and profitability.
#Tesla #Investment
Clips
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00:00 🚗 Tesla's strong China sales, job listings, and reopening of Cybertruck order invitations, along with Elon Musk's plan to offer a mod package for the Cybertruck to operate as a boat.
- Updates on Tesla include strong China sales, job listings, and cybertruck order invitations being opened back up for some reservation holders.
- Elon Musk plans to offer a mod package for the Cybertruck to enable it to operate as a boat, with no timeline given but a strong commitment from Elon.
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01:46 🚗 Tesla's China sales are strong, with 18,300 insured vehicles this week, putting them 15% above Q3 and 10% above Q2, and the Model Y is doing particularly well.
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02:48 🔋 Major automotive manufacturers are adopting the North American charging standard, with Volkswagen exploring adapter solutions for the Tesla Supercharger Network, and SAE releasing a technical report for charging infrastructure standardization.
- Volkswagen will adopt the North American charging standard for their vehicles starting in 2025 and is exploring adapter solutions to access the Tesla Supercharger Network.
- Major automotive manufacturers are committed to improving charging experiences for EV drivers, with the North American charging standard gaining widespread adoption.
- SAE has released a technical information report for the adoption of nacs as the standard for charging infrastructure, allowing developers to proceed with certainty and third parties to use nacs as they see fit.
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05:02 🔋 Tesla is expanding supercharging to non-Tesla EVs in Ireland, Romania, and Hungary, and is hiring a senior business development manager to scale the EV charging market in North America.
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06:16 🚗 Tesla is hiring for their new plant in Mexico and receiving positive feedback on their infrastructure investment from the governor.
- Tesla is looking to hire an indirect procurement manager for their new plant in Santa Katarina, Mexico, and there are signs of life for Gigafactory Mexico.
- Governor Samuel Garcia discussed the positive return on investment and favorable incentives for infrastructure from Tesla, highlighting the company's commitment to building infrastructure for their factory.
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07:40 🚗 Tesla's Giga Mexico expansion plans may change, hourly workers at Giga Nevada will receive a 10% pay increase in January with potential for similar actions at other factories.
- Giga Mexico's expansion plans may change, with potential for production of new Tesla cars and Cybertruck, but proximity to Gig Texas and the initial cost of the Cybertruck raise doubts.
- Tesla hourly workers at gig Nevada will receive a 10% pay increase in January, with the possibility of similar actions at other Tesla factories, and the added effect of UAW contract renegotiations.
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09:18 🚗 Tesla drivers have high accident rates, potentially influenced by factors like Sentry mode and insurance, leading to more self-repairs for other brands.
- Lending Tree report claims Tesla drivers have the highest accident rate, but the data may not be representative due to factors like Tesla insurance.
- Sentry mode could influence reporting and insurance rates, potentially leading to more self-repairs for other brands.
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10:53 🚗 Tesla vehicles driven more than average, but not worth much attention; Audi scaling back on electric vehicle rollout to avoid overwhelming factories and dealers.
- Tesla vehicles being driven more than average could lead to a higher accident rate, but it's not worth paying much attention to and the media may present it in a misleading way.
- Audi is scaling back on electric vehicle rollout plans to avoid overwhelming factories and dealers, which may benefit them in the short term but pose challenges for long-term competitiveness and profitability.
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