New Cybertruck Details, China Expansion Report, Union Pressure

Tesla is making progress with the Cybertruck orders, expanding its factory in Shanghai, and facing pressure from unions, while also planning a special holiday update for its vehicles

Questions to inspire discussion

• What are the details on the Cybertruck?

  —The Cybertruck will start at $122,000 and have options for dual motor all-wheel drive or tri motor cyberbeast for an additional cost.

• When are the Cybertruck deliveries estimated?

  —Deliveries for the all-wheel drive are estimated for December to March, with the Cyber Beast estimated for early 2024.

• What updates are included in the holiday software update for Tesla vehicles?

  —The holiday software update includes Apple podcasts, Tesla arcade updates, automatic 911 calls, speed cameras on Route, Trip Planner on the mobile app, and more.

• What pressure is Tesla facing from unions?

  —Unions in Norway and Denmark are threatening to boycott Tesla if the labor dispute in Sweden is not resolved by December 20th.

• What is the current profitability status of Stellantis on electric vehicles?

  —Stellantis is profitable on electric vehicles in the US and Europe, with margins on electrified vehicles in the black.

Key insights

• 🚗 More people are starting to be invited to place their orders for the Cybertruck, with some lucky ones already confirming their orders.
• 🚗 Jay Leno spotted driving a Cybertruck: "He said it is VIN number five not his truck but he said a friend is letting him drive it right now."
• 🚗 Elon Musk confirms that Cybertruck suspension can independently adjust by wheel to level the vehicle in non-level terrain, making it suitable for camping and off-road adventures.
• 🇨🇳 Tesla is reportedly planning to restart the construction of the third phase of the factory in Shanghai, according to local China media, indicating potential expansion and growth in the Chinese market.
• 🚗 Doubling the factory capacity could mean future production of a lower cost, next generation vehicle, which is very exciting.
• 🚫 Unions in Norway and Denmark are threatening to boycott Tesla if the labor dispute in Sweden is not resolved by December 20th.
• 📈 Tesla's firm stance on unions is causing increasing pressure, creating an interesting situation to follow.
• 📈 Tesla usually tries to do a lot of big features in the holiday update, aiming to make it a little bit special for people.

#Tesla #TeslaDaily

Clips

• 00:00 🚗 Tesla reveals new details on the Cybertruck, including pricing and delivery estimates, as well as potential expansion in China and updates on the strike in Sweden.
  • New details on the Cybertruck, possible expansion for Gig Shanghai in China, updates on the strike in Sweden, and stock Tesla up about 1%.
  • Initial Foundation series Cybertruck version is fully optioned with limited edition features, including charging equipment, and will start at $122,000, with the option to choose between dual motor all-wheel drive or tri motor cyberbeast for an additional cost.
  • Deliveries for the Cybertruck all-wheel drive are estimated for December to March, with the Cyber Beast estimated for early 2024, and initial configurations will have all-terrain tires.
  • The Cybertruck will have different range options based on tire and configuration, with a range extender available for $16,000 and a $500 deposit to move to the front of the line for installation.
  • Production on the Range Extender for the Cybertruck is expected to start in late 2024, and Tesla will evaluate the interest and make a decision at that time.
• 04:33 🚗 Tesla Cybertruck options and potential December deliveries, possible initial limit to employee deliveries, Jay Leno spotted driving VIN number five.
  • Options for the Cybertruck include laser badging, FSD, lifetime premium connectivity, wall connector, power share, light bar, merchandise items, and accessories, with more people being invited to order with potential December deliveries.
  • Tesla may limit Cybertruck deliveries to employees initially, but this is not for financial reasons and is consistent with their past approach with the Model 3.
  • Jay Leno was spotted driving a Cybertruck, which is VIN number five, and it's exciting to see more people getting invited to test it out.
• 06:53 🚗 Tesla's Cybertruck will have individual wheel controlled suspension and a Wade mode for driving through water.
  • Tesla's Cybertruck features individual wheel controlled suspension that can potentially level the vehicle in non-level terrain, and Elon Musk confirmed that it is possible and may be implemented in the future.
  • The Cybertruck will have a Wade mode that raises the ride height and pressurizes the battery when driving through water to improve its waterproofness.
• 08:18 🚗 Tesla plans to expand its factory in China and may be improving its relationship with the country, potentially leading to further expansion and increased production capacity.
  • Tesla is reportedly planning to restart construction of the third phase of the factory in Shanghai, and other automakers have received a PDF from Tesla on how to build a 48volt vehicle.
  • Plans to expand the factory in China to double production capacity for future lower-cost vehicles have been restarted, which is exciting if accurate.
  • Tesla's history with Shanghai has been aggressive but may be improving, with reports of China removing restrictions on Tesla vehicles in government areas, potentially leading to further expansion in China.
• 11:04 🚫 Unions in Norway and Denmark threaten to boycott Tesla over labor dispute, while dock workers and wealth management funds also pressure Tesla.
  • Unions in Norway and Denmark are threatening to boycott Tesla if the labor dispute in Sweden is not resolved by December 20th.
  • Dock workers and wealth management funds are putting pressure on Tesla, but the Union should be supporting the Tesla employees instead.
  • Unions are feeling pressure from Tesla's stance on their existence and leverage, and it will be interesting to see how things develop.
• 14:04 🚗 Tesla rolls out holiday software update to employees, including Apple podcasts, Tesla arcade updates, automatic 911 calls, speed cameras on Route, Trip Planner on mobile app, more cameras in live camera view, automatic blind spot camera light show updates, and other minor features.
  • Tesla has started rolling out their holiday software update to employees, which includes a number of different updates.
  • New software updates for Tesla vehicles include Apple podcasts, Tesla arcade updates, automatic 911 calls, speed cameras on Route, Trip Planner on the mobile app, more cameras in live camera view, automatic blind spot camera light show updates, and other minor features, with more updates to come.
• 15:35 🚗 Ford expects EV credit to drop for Mustang Mach e, Stellantis profitable on electric vehicles, challenges faced by automakers in achieving profitability.
  • Ford is expecting the Mustang Mach e EV credit to drop to zero on January 1st, while the model Y will continue to get the full credit.
  • Stellantis is profitable on electric vehicles in the US and Europe, with margins on electrified vehicles in the black.
  • The speaker discusses the potential profitability of electrified vehicles, clarifying that it may not necessarily refer to electric vehicles, and mentions the challenges faced by other automakers in achieving profitability.
• 18:26 🚗 Cruz ordered to show cause for failing to provide complete information relating to an accident, speaker will continue to monitor the situation and thanks listeners for their support.
  • Cruz is ordered to show cause for failing to provide complete information relating to an accident, which has caused changes in the company over the last couple of months.
  • The speaker will continue to monitor the situation with Cruz and thanks the listeners for their support.

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