Tesla is facing challenges with battery supply and costs, but is making progress with Giga Berlin approval, Full Self-Driving release, and Cybertruck sales, while also considering entering the Indian market
Questions to inspire discussion
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What challenges is Tesla facing with battery supply and costs?
—Tesla is facing challenges with oversupply of battery capacity and increasing losses, leading to cost-cutting measures and a state of emergency management.
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What is the status of Giga Berlin?
—Giga Berlin has been approved for expansion, allowing Tesla to double planned production to 1 million cars and potentially localize production of Robo taxis.
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Is Tesla considering entering the Indian market?
—Tesla is negotiating access to the Indian market, which will require a significant amount of resources, but ultimately will make the company stronger.
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What is the current status of Full Self-Driving release?
—Full self-driving was finally released, with Elon Musk explaining the delays and improvements, and early responses to the release are positive.
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How is the Cybertruck performing in sales?
—Cybertruck is now the best-selling electric pickup truck in America, outselling the Ford F-150 Lightning, with Ford's electric vehicles trailing only Tesla in sales.
Key Insights
- 🚗 Tesla's Giga Berlin has been approved for expansion, doubling production to 1 million cars per year.
- 🚨 The timing for Giga Berlin's approval aligns with being ready for scale in the first half of 2026, which is great news for Tesla's expansion plans.
- 📉 The company's huge debt has increased by fivefold since 2021, prompting the announcement of cost-cutting measures and work practice changes.
- 🔋 Tesla's aggressive investments in US and Europe are setting their suppliers up for something big in 2025 and beyond.
- 🚗 Cybertruck is now the number one best-selling electric vehicle pickup truck in America, outselling the Ford F-150 Lightning.
- 🚗 Tesla's direct-to-consumer model benefits suppliers and allows for quick cash conversion and reordering of materials.
- 🚗 Full self-driving release has been slowed and delayed, but huge leaps have been made in reducing interventions, making it as good as a human driving around.
- 📈 Comparing Tesla's growth to companies like Skype, Google Docs, and Netflix, it's predicted to have an incredible growth rate.
#Tesla
XMentions: @herbertong @TheJeffLutz @HabitatsDigital
Clips
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00:00 🚗 Giga Berlin expansion approved, SK battery crisis, Cybertruck #1, FSD wide release, Tesla stops talks with India.
- Giga Berlin approved for expansion, SK battery crisis, Cybertruck #1, Tesla stops talks with India, FSD wide release.
- Giga Berlin has been approved for expansion, allowing Tesla to double planned production to 1 million cars and potentially localize production of Robo taxis.
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01:55 🚗 Giga Berlin approved, battery crisis impacting Tesla's debt and losses, oversupply of battery capacity, Tesla investing in lithium refinery.
- Giga Berlin has been approved, battery makers SK and LG are struggling due to disappointing EV sales in Europe and the US.
- Tesla is facing significant debt and increasing losses, leading to cost-cutting measures and a state of emergency management, with oversupply of battery capacity being a major issue.
- SK is facing multiple challenges with agreements falling through, technology delays, and decreased demand from Ford, while BYD and CATL are flooding the market.
- Tesla is investing in a lithium refinery to secure a position in the supply chain, as there is currently an oversupply of cell supplies and unstable demand signals.
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05:46 🚗 Tesla is expanding battery plants while other companies struggle, with South Korean battery makers facing challenges and battery costs impacting EVs and Tesla's investment.
- Tesla is expanding their battery plants while other companies are facing layoffs and delays due to economic downturn.
- South Korean battery makers LG and SK are struggling due to a fall in profits and revenue, but they may benefit from seeking to prevent imports from China in the US and Europe.
- Battery costs have plunged 90% in the past 15 years, impacting EVs and battery makers, and causing Tesla to slow down its investment in cheaper cells.
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08:25 🚗 Tesla's strong purchasing power gives them flexibility with suppliers, putting them first in line for supply and the best contractual terms.
- Suppliers need to pressure test demand signals, understand the industry, and avoid over-supply to maintain margins and keep their business afloat.
- Tesla's strong purchasing power will put them first in line for supply and the best contractual terms, giving them the greatest flexibility with their suppliers.
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10:47 🚗 Tesla's Giga Berlin approval, FSD wide release, battery crisis, and Cybertruck outselling the Ford F-150 Lightning in America are all positive developments for the company, but there are rumors of Tesla not investing in India.
- Cybertruck is now the best-selling electric pickup truck in America, outselling the Ford F-150 Lightning, with Ford's electric vehicles trailing only Tesla in sales.
- Tesla's approval for Giga Berlin, wide release of FSD, battery crisis, and Cybertruck being the number one selling EV truck in the country is great for Tesla and their supply base.
- Tesla's factory direct sales model is working well for the Cybertruck, but there are rumors that Tesla may not be moving forward with an investment in India.
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13:44 🚗 Tesla is making moves to enter the Indian market, while also dealing with Giga Berlin approval, FSD wide release, battery crisis, and Cybertruck #1.
- Tesla is negotiating access to the Indian market, which will require a significant amount of resources, but ultimately will make the company stronger.
- Giga Berlin approval, FSD wide release, battery crisis, and Cybertruck #1 are the top Tesla stories discussed in the video.
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15:22 🚗 Tesla released full self-driving, with positive early responses, but some issues with auto speed control and navigation.
- Full self-driving was finally released, with Elon Musk explaining the delays and improvements, and early responses to the release are positive.
- The speaker discusses the smooth and confident performance of Tesla's hands-free driving, with some pointing out issues with auto speed control.
- Tesla's navigation system sometimes ignores the route and takes a different path, which can be both impressive and concerning.
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18:33 🚗 Tesla is making progress with Full Self-Driving, working on improving autopilot and Cybertruck release, and has absorbed costs for significant global adoption.
- Tesla is continuously improving its Full Self-Driving feature, with some inconsistencies in speed control, but overall showing promising progress.
- The speaker discusses the erratic behavior of the speed control in their Tesla, receiving frequent warnings while driving and hoping for a fix.
- Tesla is working on improving the autopilot system and making progress, with the team also working on the Cybertruck release.
- Tesla's Robo taxi technology will have high adoption due to the existing infrastructure of cars and the large install base of robots, making the cost manageable.
- Tesla has been able to absorb costs and create scale, leading to significant global adoption and acceleration of the adoption rate.
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Duration: 0:24:12
Publication Date: 2024-07-10T08:34:08Z
WatchUrl:https://www.youtube.com/watch?v=dgM1IrFQhfY
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