Despite Stock, TESLA is Making MAJOR Progress!

Tesla is making significant progress in various areas such as auto, full self-driving technology, and robotics, despite challenges and competition, and is poised for continued growth and success in the electric vehicle market  

Questions to inspire discussion

• What progress is Tesla making in self-driving technology?

  —Tesla is making significant progress in self-driving technology, with improvements rolling out every two weeks and the use of neural nets for faster problem-solving.

• How is Tesla's growth in the electric vehicle market?

  —Tesla's growth in the electric vehicle market is exponential, dominating globally with high-quality vehicles and strong charging infrastructure.

• What is Tesla's progress in developing humanoid robots?

  —Tesla is making major progress in the development and deployment of humanoid robots for manufacturing environments, with plans to implement them in the factory within three to six months.

• What is Tesla's approach to maintaining manufacturing costs?

  —Tesla has been focused on getting to market as fast as possible, sacrificing margins, dropping prices, and delaying the model 2 vehicle to reinvent the way cars are produced in order to sell at a lower price while maintaining quality and higher margins.

• How is Tesla's energy business projected to grow?

  —Tesla's energy business is projected to double in revenue with higher gross margins, with the potential for continued growth with the operation of Shanghai and the announcement of new energy products.

Key Insights

Tesla's Advantages and Progress in the EV Market

• 🚗 The CEO of another automaker says only Tesla has the margins and that is a major advantage over competitors.
• 🚗 Tesla is making significant progress in Auto, FSD, and Bots, with improvements rolling out every two weeks.
• 📈 Tesla's ability to predict future intervention rates and time period for improvement is a major step forward in their progress.
• 🧠 Elon Musk's claim that by the end of the year Tesla won't be compute constrained is a major step forward in their progress.
• 🚗 The market share of internal combustion engine vehicles peaked in 2017 and is now falling, while electric vehicles are growing.
• 📈 The market share of EVs is growing exponentially, largely due to Tesla's impact on the market outside of China.
• 🚗 Tesla is growing faster than everyone else in the electric vehicle market, with exponential growth expected in the future.
• 🚗 Tesla's strong reputation for building quality electric vehicles and strong charging infrastructure sets them apart from other companies in the EV market.

Tesla's Innovations and Future Plans

• 🤖 Tesla is leading the way in humanoid robots and autonomy, with plans to deploy robots for trial applications in manufacturing environments.
• 🚀 The rate of energy growth for Tesla is expected to be substantial, potentially surpassing the growth from auto business. 

#HerbertOng #LarryGoldberg 

Clips  

• 00:00 🚗 Tesla making strides in Auto, FSD, and Bots, with Elon Musk announcing regular improvements to full self-driving technology despite stock decline.
  • Tesla is making significant progress in self-driving technology, margins, and the development of the Tesla bot, despite the stock falling 30% year-to-date.
  • TESLA is making significant progress in Auto, FSD, and Bots, with Elon Musk announcing three improvements to full self driving rolling out every two weeks.
  • Tesla's progress in developing its Full Self-Driving technology is becoming more predictable due to the use of neural nets and maximum training compute, allowing for faster problem-solving.
  • Tesla has created a queue of improvements and errors to solve, which should allow them to predict future intervention rates and commercialization dates.
• 03:22 🚗 Tesla is making rapid progress with updates, including improvements to Full Self-Driving capabilities such as smart summon and autonomous parking, despite uncertainty about their AI driving solutions.
  • The speaker is unsure about Tesla's ability to generate good driving solutions using AI, but believes they sound confident and promising.
  • Tesla is making rapid progress with updates, including improvements to Full Self-Driving capabilities such as smart summon and autonomous parking.
• 06:12 🚗 Tesla is making major progress in solving bugs, developing Robo taxi technology, and training software for autonomous driving, with Elon Musk stating they will no longer be compute constrained by the end of the year.
  • Tesla is making progress in solving minor bugs and edge cases, and Elon Musk has stated that they will no longer be compute constrained by the end of the year.
  • Tesla is making major progress in developing their Robo taxi technology, with the rate of improvement in their generative models climbing steeply.
  • Tesla is making major progress in training their software for different use cases and edge cases in autonomous driving.
• 09:05 🚗 Tesla's market share is still growing despite media claims of electric vehicle slowdown, with the decline in gas vehicle sales market share and the exponential adoption curve of EVs contributing to Tesla's progress.
  • Tesla's growth is not severely damaged despite the media claiming an electric vehicle slowdown.
  • The market share of gas vehicle sales is more important to look at than the growth rate of electric vehicles, as the market share of internal combustion engine vehicles is declining while electric vehicles are growing.
  • The growth rate of Tesla's market share is declining as the adoption curve becomes exponential, with each new EV launch creating a new adoption curve and overlapping growth rates.
• 11:55 🚗 Tesla dominates the global electric vehicle market despite having only two high-priced models, but may face competition from China's expanding manufacturers, while maintaining a unique advantage over its competitors.
  • The market share of electric vehicles is growing exponentially, with Tesla dominating the market globally despite having only two high-priced vehicle models.
  • Tesla's growth may plateau due to market saturation, but China's manufacturers are expanding rapidly across all price points, despite the challenges in the market.
  • Tesla is growing faster than other electric vehicle companies and the growth of electric vehicles is exponential, with no stopping it in the long run.
  • Tesla has a unique advantage over its electric vehicle competitors due to its ability to raise prices and maintain manufacturing costs, while other companies risk huge losses.
• 16:05 🚗 Tesla is reinventing car production to sell at a lower price while maintaining quality, and could have made more progress if other automakers had licensed their technology.
  • Tesla has been focused on getting to market as fast as possible, sacrificing margins, dropping prices, and delaying the model 2 vehicle to reinvent the way cars are produced in order to sell at a lower price while maintaining quality and higher margins.
  • Tesla is known for quality electric vehicles and strong charging infrastructure, allowing them to raise prices without being undercut by competitors.
  • Tesla could have made more progress if other automakers had licensed technology from them, as shown by data from Boston Consulting Group.
• 19:22 🚗 Tesla making progress with Model Y, Model 3, and Model S, aiming for 350-mile range at $50,000 price point, disagreeing with graph's optimal range, doing well in sales due to high quality and sweet spot for range.
  • Tesla is making progress with the Model Y, Model 3, and Model S, aiming for a 350-mile range at a $50,000 price point, but the speaker disagrees with the graph's optimal range.
  • Tesla is doing well in sales due to their high quality and the sweet spot for range being around 330-350 miles, while other manufacturers are struggling with expensive, low range products.
• 21:56 🚀 Tesla is making major progress in developing humanoid robots for manufacturing, partnering with leading EV manufacturers, and advancing their own AI inference chip, while also seeing significant growth in their energy business.
  • Tesla is making major progress in the development and deployment of humanoid robots for manufacturing environments.
  • Tesla is making major progress in their partnership with leading EV manufacturers and is gearing up to implement bots in the factory, but it may take three to six months for the bots to be running.
  • Tesla's decision to develop their own AI inference chip instead of using Nvidia's processor has been incredibly successful and gives them a huge advantage in cost, experience, and operational capability.
  • Tesla is making major progress with their own chips and AI partnerships, while other bot companies are partnering with Nvidia but may struggle to match Tesla's capabilities.
  • Nvidia is offering processing power to Tesla, but using it may come with significant performance benefits and battery drain.
  • Tesla is making significant progress in their energy business, with projected revenue doubling and higher gross margins, and the potential for continued growth with the operation of Shanghai and the announcement of new energy products.

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