Tesla's FSD Beta version 12 and sales data, as well as advancements in smart summon and the Cybertruck, are indicating significant growth and potential impact on the auto sales market, while Volkswagen's integration of chat GPT may change the way we interact with cars in the future
Questions to inspire discussion
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What is Tesla's market share in the United States?
—Tesla's market share in the United States is at 4.2%, showing a 4/10 of a percent year-over-year increase, making it the third largest increase and the largest increase from any automaker of their size or lower.
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How much have Tesla's sales increased?
—Tesla's sales are up 25% but the overall market is only up 12%, with a 51% increase in vehicle inventory, indicating that half of the sales growth is due to vehicles being sold and contributing to dealer inventory.
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What impact is Tesla's rapid growth having on other automakers?
—Tesla's rapid growth is impacting other automakers, leading to changes in sales disclosures and a dynamic period for the auto industry with the rise of electric vehicles and technological advancements.
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What advancements is Tesla making to their vehicles?
—Tesla is making changes to the Model Y, SNX, and Cybertruck, including efficiency packages, physical horn for SNX, and potential announcement of the Highland Model 3.
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What is Volkswagen integrating into their vehicles?
—Volkswagen is integrating chat GPT into their vehicles, which will be available in the second quarter of 2024 for several models, offering a more intelligent voice assistant.
Key Insights
- 🚗 First Impressions from employees allegedly of FSD Beta version 12.
- 📈 Tesla had the largest increase from any automaker of their size or lower, indicating significant growth in the market.
- 🚗 The disclosure of Tesla's sales may impact other automakers significantly, especially in the electric vehicle market.
- 📊 The data provides valuable insight into the current and potential future state of the auto sales market.
- 📈 The transition to the end-to-end architecture for smart summon is seen as a massive improvement, bringing excitement for the potential future release to customer vehicles.
- 📈 The rollout of version 12 was substantially faster than the rollout of version 11, indicating improvements in the validation and expansion process.
- 🚗 The 60-second promotional video of the cybertruck does a great job of highlighting its features and capabilities for those who may not be familiar with it.
- 🚗 Volkswagen integrating chat GPT into their vehicles, potentially changing the way we interact with cars in the future.
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Clips
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00:00 🚗 Tesla's market share in the US is up to 4.2%, outperforming other automakers, while overall auto sales are up 12% with a 51% increase in vehicle inventory.
- New data on the auto market for 2023, First Impressions of FSD Beta version 12.1, a new cybertruck promotional video, and Tesla's performance on the NASDAQ.
- Tesla's market share in the United States is at 4.2%, showing a 4/10 of a percent year-over-year increase, making it the third largest increase and the largest increase from any automaker of their size or lower.
- Toyota had a significant decline in market share, while Stellantis and Honda experienced decreases and increases, respectively, in the auto market.
- Tesla's sales are up 25% but the overall market is only up 12%, with a 51% increase in vehicle inventory, indicating that half of the sales growth is due to vehicles being sold and contributing to dealer inventory.
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03:23 🚗 Auto sales are returning to normal supply levels in the US, allowing automakers to sell and restock inventory, coinciding with declining interest rates.
- Auto sales are returning to a more normal supply position, with over 70 days of supply industrywide in the US, allowing automakers to sell and restock inventory, coinciding with declining interest rates.
- Inventory situation impact on automakers, with higher discounts and incentives in 2019, disappearing in 2021 due to low inventory, but now returning to normal market dynamics.
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05:38 🚗 Tesla's rapid growth is impacting other automakers, leading to changes in sales disclosures and a dynamic period for the auto industry with the rise of electric vehicles and technological advancements, including the potential for the Model Y to become the best selling vehicle in the world.
- Tesla's rapid growth is impacting other automakers, leading to changes in sales disclosures and a dynamic period for the auto industry with the rise of electric vehicles and technological advancements.
- Vehicle inventory is increasing, franchise profits are decreasing, and this data gives insight into the current and potential future market trends.
- Tesla's Model Y is the fifth bestselling vehicle in the United States and may be the best selling vehicle in the world.
- The speaker discusses the possibility of auto sales for the entire year and the growth rates in European markets.
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09:02 🚗 Tesla is testing FSD beta version 12.1 with positive feedback and improvements, potentially delaying smart summon for the cybertruck release.
- Tesla is testing version 12.1 of FSD, including smart summon, and it may soon be available to customer vehicles.
- Tesla released FSD beta version 12.1 earlier than expected, indicating a faster and successful testing process, with positive feedback shared.
- Feedback from employees on Tesla's FSD beta version 12 shows improvements in human-like behavior and general stability, with positive results in roundabouts and lane keeping, but it's not a complete solution yet.
- Tesla's FSD version 12 shows minor regressions but overall improvements, with a likely release to customers this month and a potential delay for smart summon, as the company prioritizes getting the cybertruck ready for FSD beta.
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12:35 🚗 Elon Musk's alleged drug use has caused concern at Tesla and SpaceX, with explanations offered for his behavior including creativity, mental health challenges, and stress.
- Elon Musk's alleged drug use has caused concern among leaders at Tesla and SpaceX, with explanations offered for his behavior including creativity, mental health challenges, and stress.
- Executives have expressed concerns about drug use during certain periods of time, but there are other factors that could contribute to unusual decisions made by Elon Musk.
- Elon Musk agreed to three years of random drug testing at NASA's request, but no drugs or alcohol were found, and it is speculative whether or not his personal experiences impact how he manages his companies.
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15:03 🚗 Tesla promotes Cybertruck with a 60-second video, sees spike in orders from past advertising efforts, and plans to start small with advancements.
- Tesla has posted a 60-second promotional video of the Cybertruck, highlighting its features and capabilities for those who may not be familiar with it.
- Tesla is experimenting with advertising, and while they may not be at the end state yet, they have seen a spike in orders from past advertising efforts.
- Tesla is eager to start small with their advancements, and there are more wraps coming out for the Cybertruck.
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17:22 🚗 Tesla is making changes to their vehicles to optimize cost and weight, including reducing the number of speakers in the Model Y and offering potential upgrades in the future.
- Tesla may be optimizing their vehicles by reducing the number of speakers in the Model Y, which could lead to cost savings and reduced weight.
- Tesla may consider offering an upgraded sound system in their vehicles, but in the absence of that, reducing and minimalizing the current configuration may still be satisfactory for many customers.
- Tesla is making changes to the Model Y, SNX, and Cybertruck, including efficiency packages, physical horn for SNX, and potential announcement of the Highland Model 3.
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20:03 🚗 Tesla may have an announcement on January 14th, Volkswagen integrating chat GPT into their vehicles, and Elon Musk expecting updates from SpaceX and Tesla.
- Random Reddit rumor suggests a possible announcement from Tesla on January 14th, and reports indicate Tesla has established a holding company in Spain, potentially related to a gigafactory.
- Volkswagen is integrating chat GPT into their vehicles, which will be available in the second quarter of 2024 for several models, offering a more intelligent voice assistant.
- Volkswagen may demo something soon, Elon Musk is expecting a SpaceX and Tesla company update, and the SpaceX update may happen on January 11th.
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