20 Burst results for "Gigafactory Shanghai"

"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

04:30 min | Last week

"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

"Everybody robin our here and today. We're gonna talk a little bit about tesla stock the day. After the p five hundred inclusion announcement we have an update on yuan musk's covid nineteen status the production rate out of gigafactory shanghai mass hiring by tesla and a couple of topics as well all right so tesla's stock on the day to day finishing up eight point two percent to close at four hundred and forty one dollars. Sixty one cents compared to the nasdaq down zero point two percent so obviously a strong day for tesla on the back of the s. and p. five hundred inclusion news but probably not as strong as many people were hoping for considering after hours trading yesterday in the four hundred and sixty dollar range and the open today at four hundred sixty dollars per share so it fell about five percent over the course of the debt. Probably not the outcome. That i would have guessed but i think when you have a lot of people expecting a sudden increase well. The market has a way of disappointing. You that eight percent gain is nice but really it's just back to where the stock was trading a couple of weeks ago. This is right around the level. That tesla did their most recent capital raise of around five billion dollars at but what i think is also interesting here is not just the share price but also the volume there were only about sixty million shares of stock traded today and over the last year. That's only be one hundred and twenty sixth highest volume day. That's out of two hundred and fifty three trading days so basically today just fell right in the middle of the pack from a volume perspective although volume has been relatively low. Recently over the last month the average volume has only been about thirty million shares. So this is about twice what we've seen over the last month on average and we do have to go all the way back to october. Second which was actually the day that tesla released the q. Three delivery numbers to get a higher volume day..

tesla yuan musk gigafactory shanghai
"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

11:33 min | 2 weeks ago

"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

"Today we're going to go through a detailed forecasts for q four delivery and production numbers for tesla. The reason we're doing this today is because we finally have critical piece of information that can help inform this forecast and that is gigafactory shanghai production numbers from the china passenger car association so earlier this week we had talked about the model three sales numbers in china for october. But we didn't yet have the production numbers those have now been released by the a and they are very strong. I think even better than the most bullish forecast that. I have seen so october production out of your factory. Shanghai was reported to be twenty two thousand nine hundred and twenty nine model threes so put the context around just how strong that number is. Let's hop into my forecasting spreadsheet. If you haven't this yet just orientate you. Each row is a different period of time and then in each group of columns here. I have production numbers so i have total production fremont production shanghai production and then i break that down to a weekly level and level those production rates on a weekly and daily level are incredibly important. Because sometimes tesla has known downtime. So looking at monthly or quarterly production doesn't really give us the full picture that weekly daily dust and then on the color scheme here gray numbers are known those have been reported by tesla or figured out by us. With high high competence. Orange numbers are also high competence but are based off of reports out of china. Blue numbers are estimates kind of fill in the between the two and then yellow. Our future forecasts are at so getting back to the shanghai numbers. Then if we look tober that twenty two thousand nine hundred twenty nine production number divided over the four point. Four weeks in october yields a weekly production rate of five thousand one hundred seventy eight model threes per week from shanghai. This is much greater than the twenty eight hundred and fifty produced each week over the course of q. Three however if we flip back to september actually got a bit of a hint. That numbers like this. Were on the way from tesla. So total september dessel only produced about twelve thousand two hundred vehicles that was actually down slightly from august and july. But what people may have missed. Is that tesla. Actually had shutdown gigafactory shanghai from september twentieth. To september thirtieth. So if you take those days out tesla actually produced about forty five hundred model threes per week in september over the two point seven production weeks where they weren't shut down so it looked like tesla's kind of leveling off production at about twelve thousand per month but actually took a huge step forward in september in terms of the production rate. We see that then continue into october and even accelerate while the monthly production takes a massive step forward from twelve thousand all the way up to almost twenty three thousand because there was no downtime in october so this production rate almost fifty two hundred per week. October has huge implications for the balance of q four if we even just extrapolate that rate tesla's at now that ends up being sixty eight thousand model threes produced from shanghai in q four their few reasons. We've seen this massive jump in production rate from shanghai first off. They've obviously just ramped up their production rate. One of the ways. They've been able to do that though is by adding another shift to shanghai. Depending on what estimate you're looking at that seems to have added about thirty to fifty percent of production hours from employees so that's filled out the production capacity and then we've also seen tesla star utilizing. The lithium iron phosphate batteries from cat l. And if they were battery constrained before this seems to have done a lot to alleviate that at this level so as far as i know there is not going to be any significant downtime in q. Four but definitely if you have any information on that let me know if there is not and we continue this rate at sixty thousand but tesla has been ramping up production from september through october. So there's no certainty that this production rate is going to hold through the rest of the quarter rather than continuing to increase. We also have a report from tasmanian today. Which has heard from a source that quote the current model three production has now surpassed fifty seven hundred units per week and quote. We've also been talking now for quite a while about how you four could be. The start of production for the shanghai made model. Y the latest. We've heard on that. Is that might actually happen in november so we could even see some production model y contributing to these keefer numbers so if we flip back to the forecasting sheet here and we look at my forecast. I'm gonna actually forecast even a little bit lower than that rumored production rate from tasmanian. I'm gonna project about a three four percent increase for the next couple of months here in shanghai. I think this is relatively conservative. But this could change. If there are periods of downtime or if the model y ramp for some reason impacts the model three production rate but i do think this is pretty reasonable and again hopefully a little bit conservative for shanghai so for november production weekly. I'm at about fifty three hundred and fifty and then for december a couple hundred more about fifty five hundred and fifty. That gets me to you again. About twenty three thousand four november and about twenty four thousand five hundred four december for total q for production out of shanghai at about seventy thousand five hundred vehicles. Now obviously that's pretty high that would be higher than tesla stated production capacity and accused three report which they listed at two hundred and fifty thousand. But we've already seen them beat that production rate throughout the entire month of october if the numbers are accurate that october production rate already analyzes to about two hundred and seventy thousand vehicles so they've already demonstrated rate above that listed capacity for what it's worth if tesla can bump that production capacity up to fifty seven hundred for november and december. That would add another couple thousand to this forecast so these numbers for shanghai have big implications for q four and for next year. But let's stick with four. Let's rounded out by looking at fremont production so that we can work into the total for kiefer and for the year in q. Three tesla produced about one hundred and forty five thousand vehicles in total. About thirty seven thousand. Five hundred of those came from shanghai so that we as a little over one hundred seven thousand two had to have come from fremont if we divide that by the thirteen point one weeks on the quarter. That's about eighty two hundred per week beyond that. We know that tessa produced just under seventeen thousand as an ex. Those obviously came from fremont that we've just over ninety thousand model y model three from fremont produced and q. Three as we get more granular. It became more speculative but based on vins and other information out there. I have estimated that cute to model production was about eleven thousand vehicles out of fremont and the q. Three was about thirty three thousand leaving the balance then for model three so q four based on the prior ramp up that we had seen from the model three. I'm estimating that tests. I can bump that model wipe production up to about fifty three thousand in q. Four so about twenty thousand more vehicles. Which if my q two and q three breakdowns are close. It'd be similar to increase that. We saw quarter to quarter there. If we look back at how the model three ramp progressed. The should be doable and q. Two twenty eighteen tessa produced about twenty eight thousand mile threes and then in q three two thousand eighteen about fifty three thousand so actually showing even a less sharp increase for model y than what we previously seen for the model three despite tesla having a lot more experience now and the model being a similar vehicle to the model three so again i think this is pretty reasonable and hopefully even bit conservative as for model three we have tended to see that production rate fall and then sort of flat line as model. Why has ramped up. I think one of the questions. There is okay that a demand thing less demand for the model three the model y ramps or is that a battery supply constraint where the model three production is held back due to batteries being shifted and being used for the monowai. I assume it's a battery supply constraint. But if it's demand i think tesla has pulled the levers here with the refresh plus q four is always seasonally stronger and as somebody that has ordered a model three this quarter and has having to wait significantly longer than i would prefer. There certainly doesn't seem to be any demand shortage. So i think the only constraint here is likely to be batteries for that reason and because we're already forecasting growth for the model y. I'm not gonna forecast much of an increase in production for the model three here. Only about one percent to about fifty eight thousand from fremont key four that puts our combined fremont model y and fremont model three at about one hundred eleven thousand for the quarter to me. That feels pretty good because again in q. Three that number was about ninety thousand but if we look back to tussled q three earnings report specifically about fremont they said quote production should reach fo capacity toward the end of this year or beginning of next year end quote. The production capacity for model three and model y out of fremont is five hundred thousand per year. So that's one hundred twenty five thousand per quarter if they didn't ninety thousand in q. Three and they're trying to target one hundred twenty five thousand production rate at the end of q. Four well if we just assume a linear ramp up throughout the quarter we can just use the midpoint of those numbers and that would give us a hundred and twelve thousand five hundred for four now on one hand. They said they hoped to reach that production rate by the end of the quarter or early in q. One but on the other hand the ninety thousand production number that we used from q. Three is the total key. Three production rate. It was probably higher towards the end of the quarter. So with all that. Said i think one hundred and eleven thousand is right in the ballpark of where tesla could end up for fremont for a wyan model. Three in q four. Oh we have left. Then as s and x tesla's the fremont capacity at ninety thousand there. That's twenty two thousand five hundred per quarter. We've also seen updates this quarter the model s. price declines the range in the model x. has been increased so even though tesla has been for the last few quarters running at about fifteen thousand per quarter for s and x and peaking at about eighteen thousand last four. I'm expecting a decent jump here from an xm. Forecasting nineteen thousand. But i do think there's potential that it could be even a bit higher. Let's just take a quick look here and then see how this all looks visually. And then we'll wrap up with the final numbers so here we have our weekly production rates. Each quarter for in blue fremont an orange shanghai and in both cases these are excluding known shutdown that we've had from corona virus or factory retooling. Whatever the case may be so for q. Three shanghai ended up excluding that final ten days at about thirty two hundred per week and here for four. We haven't projected to jump up about fifty three hundred per week but it fits pretty nicely with the linear uptrend that we have seen and again in september already tussles producing at about forty five hundred per week so it seems extremely reasonable and it's not unprecedented in the past we have seen in fremont tesla increased their production rate quarter over quarter by almost two thousand vehicles per week thousand one. We talked about before with the model three ramp up so similar thing here. Then for fremont we're going from about eighty two hundred per week in q. Three up to about ninety nine hundred per week in q four about seventeen hundred more per week but again definitely not unprecedented looking back at tesla's history are at so with all that context. We'll hop back into our spreadsheet here and all these numbers combined give me a cue for production total fremont and shanghai both of two hundred thousand five hundred and seventy eight vehicles. I know that might sound like a lot. But again tesla lists their production capacity at eight hundred and forty thousand in the q three earnings report and while the production rate doesn't necessarily equal and sawed capacity we've actually seen them exceed that installed capacity listing in shanghai in october. So if we add that two hundred thousand to what tesla's already produced so far this year that would get them to five hundred and thirty thousand vehicles produce for twenty twenty as for deliveries and whether tessa will deliver more vehicles than they produce in q four. I think there's a couple of factors there. We have really low days of inventory. So tesla's not working with a lot of stock but on the other hand that they are increasing the localization of their production which helps lower the required amount of stock. Because you just have less shipping time. So i'll have to spend a little bit more time thinking about that. I think it'll be relatively close to production and with what tesla has delivered so far year to date. They need a little over one. Hundred and eighty thousand vehicles delivered in q four to meet five hundred thousand for the year. And i think they'll exceed that by a pretty significant margin so i'll spend more time thinking about how deliveries might vary from production. But i guess for how you can put me down for two hundred thousand deliveries for key for

tesla Shanghai shanghai china
Tesla Giga Shanghai’s Model 3 production run-rate already hitting 91% of ambitious 2021 targets

Tesla Daily: Tesla News & Analysis

11:33 min | 2 weeks ago

Tesla Giga Shanghai’s Model 3 production run-rate already hitting 91% of ambitious 2021 targets

"Today we're going to go through a detailed forecasts for q four delivery and production numbers for tesla. The reason we're doing this today is because we finally have critical piece of information that can help inform this forecast and that is gigafactory shanghai production numbers from the china passenger car association so earlier this week we had talked about the model three sales numbers in china for october. But we didn't yet have the production numbers those have now been released by the a and they are very strong. I think even better than the most bullish forecast that. I have seen so october production out of your factory. Shanghai was reported to be twenty two thousand nine hundred and twenty nine model threes so put the context around just how strong that number is. Let's hop into my forecasting spreadsheet. If you haven't this yet just orientate you. Each row is a different period of time and then in each group of columns here. I have production numbers so i have total production fremont production shanghai production and then i break that down to a weekly level and level those production rates on a weekly and daily level are incredibly important. Because sometimes tesla has known downtime. So looking at monthly or quarterly production doesn't really give us the full picture that weekly daily dust and then on the color scheme here gray numbers are known those have been reported by tesla or figured out by us. With high high competence. Orange numbers are also high competence but are based off of reports out of china. Blue numbers are estimates kind of fill in the between the two and then yellow. Our future forecasts are at so getting back to the shanghai numbers. Then if we look tober that twenty two thousand nine hundred twenty nine production number divided over the four point. Four weeks in october yields a weekly production rate of five thousand one hundred seventy eight model threes per week from shanghai. This is much greater than the twenty eight hundred and fifty produced each week over the course of q. Three however if we flip back to september actually got a bit of a hint. That numbers like this. Were on the way from tesla. So total september dessel only produced about twelve thousand two hundred vehicles that was actually down slightly from august and july. But what people may have missed. Is that tesla. Actually had shutdown gigafactory shanghai from september twentieth. To september thirtieth. So if you take those days out tesla actually produced about forty five hundred model threes per week in september over the two point seven production weeks where they weren't shut down so it looked like tesla's kind of leveling off production at about twelve thousand per month but actually took a huge step forward in september in terms of the production rate. We see that then continue into october and even accelerate while the monthly production takes a massive step forward from twelve thousand all the way up to almost twenty three thousand because there was no downtime in october so this production rate almost fifty two hundred per week. October has huge implications for the balance of q four if we even just extrapolate that rate tesla's at now that ends up being sixty eight thousand model threes produced from shanghai in q four their few reasons. We've seen this massive jump in production rate from shanghai first off. They've obviously just ramped up their production rate. One of the ways. They've been able to do that though is by adding another shift to shanghai. Depending on what estimate you're looking at that seems to have added about thirty to fifty percent of production hours from employees so that's filled out the production capacity and then we've also seen tesla star utilizing. The lithium iron phosphate batteries from cat l. And if they were battery constrained before this seems to have done a lot to alleviate that at this level so as far as i know there is not going to be any significant downtime in q. Four but definitely if you have any information on that let me know if there is not and we continue this rate at sixty thousand but tesla has been ramping up production from september through october. So there's no certainty that this production rate is going to hold through the rest of the quarter rather than continuing to increase. We also have a report from tasmanian today. Which has heard from a source that quote the current model three production has now surpassed fifty seven hundred units per week and quote. We've also been talking now for quite a while about how you four could be. The start of production for the shanghai made model. Y the latest. We've heard on that. Is that might actually happen in november so we could even see some production model y contributing to these keefer numbers so if we flip back to the forecasting sheet here and we look at my forecast. I'm gonna actually forecast even a little bit lower than that rumored production rate from tasmanian. I'm gonna project about a three four percent increase for the next couple of months here in shanghai. I think this is relatively conservative. But this could change. If there are periods of downtime or if the model y ramp for some reason impacts the model three production rate but i do think this is pretty reasonable and again hopefully a little bit conservative for shanghai so for november production weekly. I'm at about fifty three hundred and fifty and then for december a couple hundred more about fifty five hundred and fifty. That gets me to you again. About twenty three thousand four november and about twenty four thousand five hundred four december for total q for production out of shanghai at about seventy thousand five hundred vehicles. Now obviously that's pretty high that would be higher than tesla stated production capacity and accused three report which they listed at two hundred and fifty thousand. But we've already seen them beat that production rate throughout the entire month of october if the numbers are accurate that october production rate already analyzes to about two hundred and seventy thousand vehicles so they've already demonstrated rate above that listed capacity for what it's worth if tesla can bump that production capacity up to fifty seven hundred for november and december. That would add another couple thousand to this forecast so these numbers for shanghai have big implications for q four and for next year. But let's stick with four. Let's rounded out by looking at fremont production so that we can work into the total for kiefer and for the year in q. Three tesla produced about one hundred and forty five thousand vehicles in total. About thirty seven thousand. Five hundred of those came from shanghai so that we as a little over one hundred seven thousand two had to have come from fremont if we divide that by the thirteen point one weeks on the quarter. That's about eighty two hundred per week beyond that. We know that tessa produced just under seventeen thousand as an ex. Those obviously came from fremont that we've just over ninety thousand model y model three from fremont produced and q. Three as we get more granular. It became more speculative but based on vins and other information out there. I have estimated that cute to model production was about eleven thousand vehicles out of fremont and the q. Three was about thirty three thousand leaving the balance then for model three so q four based on the prior ramp up that we had seen from the model three. I'm estimating that tests. I can bump that model wipe production up to about fifty three thousand in q. Four so about twenty thousand more vehicles. Which if my q two and q three breakdowns are close. It'd be similar to increase that. We saw quarter to quarter there. If we look back at how the model three ramp progressed. The should be doable and q. Two twenty eighteen tessa produced about twenty eight thousand mile threes and then in q three two thousand eighteen about fifty three thousand so actually showing even a less sharp increase for model y than what we previously seen for the model three despite tesla having a lot more experience now and the model being a similar vehicle to the model three so again i think this is pretty reasonable and hopefully even bit conservative as for model three we have tended to see that production rate fall and then sort of flat line as model. Why has ramped up. I think one of the questions. There is okay that a demand thing less demand for the model three the model y ramps or is that a battery supply constraint where the model three production is held back due to batteries being shifted and being used for the monowai. I assume it's a battery supply constraint. But if it's demand i think tesla has pulled the levers here with the refresh plus q four is always seasonally stronger and as somebody that has ordered a model three this quarter and has having to wait significantly longer than i would prefer. There certainly doesn't seem to be any demand shortage. So i think the only constraint here is likely to be batteries for that reason and because we're already forecasting growth for the model y. I'm not gonna forecast much of an increase in production for the model three here. Only about one percent to about fifty eight thousand from fremont key four that puts our combined fremont model y and fremont model three at about one hundred eleven thousand for the quarter to me. That feels pretty good because again in q. Three that number was about ninety thousand but if we look back to tussled q three earnings report specifically about fremont they said quote production should reach fo capacity toward the end of this year or beginning of next year end quote. The production capacity for model three and model y out of fremont is five hundred thousand per year. So that's one hundred twenty five thousand per quarter if they didn't ninety thousand in q. Three and they're trying to target one hundred twenty five thousand production rate at the end of q. Four well if we just assume a linear ramp up throughout the quarter we can just use the midpoint of those numbers and that would give us a hundred and twelve thousand five hundred for four now on one hand. They said they hoped to reach that production rate by the end of the quarter or early in q. One but on the other hand the ninety thousand production number that we used from q. Three is the total key. Three production rate. It was probably higher towards the end of the quarter. So with all that. Said i think one hundred and eleven thousand is right in the ballpark of where tesla could end up for fremont for a wyan model. Three in q four. Oh we have left. Then as s and x tesla's the fremont capacity at ninety thousand there. That's twenty two thousand five hundred per quarter. We've also seen updates this quarter the model s. price declines the range in the model x. has been increased so even though tesla has been for the last few quarters running at about fifteen thousand per quarter for s and x and peaking at about eighteen thousand last four. I'm expecting a decent jump here from an xm. Forecasting nineteen thousand. But i do think there's potential that it could be even a bit higher. Let's just take a quick look here and then see how this all looks visually. And then we'll wrap up with the final numbers so here we have our weekly production rates. Each quarter for in blue fremont an orange shanghai and in both cases these are excluding known shutdown that we've had from corona virus or factory retooling. Whatever the case may be so for q. Three shanghai ended up excluding that final ten days at about thirty two hundred per week and here for four. We haven't projected to jump up about fifty three hundred per week but it fits pretty nicely with the linear uptrend that we have seen and again in september already tussles producing at about forty five hundred per week so it seems extremely reasonable and it's not unprecedented in the past we have seen in fremont tesla increased their production rate quarter over quarter by almost two thousand vehicles per week thousand one. We talked about before with the model three ramp up so similar thing here. Then for fremont we're going from about eighty two hundred per week in q. Three up to about ninety nine hundred per week in q four about seventeen hundred more per week but again definitely not unprecedented looking back at tesla's history are at so with all that context. We'll hop back into our spreadsheet here and all these numbers combined give me a cue for production total fremont and shanghai both of two hundred thousand five hundred and seventy eight vehicles. I know that might sound like a lot. But again tesla lists their production capacity at eight hundred and forty thousand in the q three earnings report and while the production rate doesn't necessarily equal and sawed capacity we've actually seen them exceed that installed capacity listing in shanghai in october. So if we add that two hundred thousand to what tesla's already produced so far this year that would get them to five hundred and thirty thousand vehicles produce for twenty twenty as for deliveries and whether tessa will deliver more vehicles than they produce in q four. I think there's a couple of factors there. We have really low days of inventory. So tesla's not working with a lot of stock but on the other hand that they are increasing the localization of their production which helps lower the required amount of stock. Because you just have less shipping time. So i'll have to spend a little bit more time thinking about that. I think it'll be relatively close to production and with what tesla has delivered so far year to date. They need a little over one. Hundred and eighty thousand vehicles delivered in q four to meet five hundred thousand for the year. And i think they'll exceed that by a pretty significant margin so i'll spend more time thinking about how deliveries might vary from production. But i guess for how you can put me down for two hundred thousand deliveries for key for

Tesla Shanghai Tober Dessel China Fremont Fremont Production Tessa Keefer Kiefer
"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

05:03 min | 2 weeks ago

"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

"Is because we finally have critical piece of information that can help inform this forecast and that is gigafactory shanghai production numbers from the china passenger car association so earlier this week we had talked about the model three sales numbers in china for october. But we didn't yet have the production numbers those have now been released by the a and they are very strong. I think even better than the most bullish forecast that. I have seen so october production out of your factory. Shanghai was reported to be twenty two thousand nine hundred and twenty nine model threes so put the context around just how strong that number is. Let's hop into my forecasting spreadsheet. If you haven't this yet just orientate you. Each row is a different period of time and then in each group of columns here. I have production numbers so i have total production fremont production shanghai production and then i break that down to a weekly level and level those production rates on a weekly and daily level are incredibly important. Because sometimes tesla has known downtime. So looking at monthly or quarterly production doesn't really give us the full picture that weekly daily dust and then on the color scheme here gray numbers are known those have been reported by tesla or figured out by us. With high high competence. Orange numbers are also high competence but are based off of reports out of china. Blue numbers are estimates kind of fill in the between the two and then yellow. Our future forecasts are at so getting back to the shanghai numbers. Then if we look tober that twenty two thousand nine hundred twenty nine production number divided over the four point. Four weeks in october yields a weekly production rate of five thousand one hundred seventy eight model threes per week from shanghai. This is much greater than the twenty eight hundred and fifty produced each week over the course of q. Three however if we flip back to september actually got a bit of a hint. That numbers like this. Were on the way from tesla. So total september dessel only produced about twelve thousand two hundred vehicles that was actually down slightly from august and july. But what people may have missed. Is that tesla. Actually had shutdown gigafactory shanghai from september twentieth. To september thirtieth. So if you take those days out tesla actually produced about forty five hundred.

tesla Shanghai shanghai china
"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

05:49 min | 2 months ago

"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

"Everybody. . Robin our here, , and today is kind of a Giga Day. . We have news from gigafactory Shanghai Gigafactory, , Texas gigafactory New York, , and then we'll talk a little bit more about lucid ahead of their livestream unveil of the lucid air tonight, , and of course, , the stock which we can start out with dessel stock on the day to day finishing up eleven percent to three hundred, , sixty, six , dollars twenty eight cents on the back of a rising macaroni Environment Nasdaq for the day up two point seven percent. . So as I said, , yesterday, , I, , hate, , stop-loss orders. . This is exhibit a for why that is as Tesla today without much news swung back significantly in the. . Other. . Direction. . That's really my only thought on the stock today. . So let's move into the news. . There was an interesting post this morning on Tesla Motors Clubs Forum by Ridge. . Twenty twenty about a possible time line for Tesla's gigafactory in Texas. . This user writes quote have some information on the tear factory build schedule. . Tesla is sourcing how vendors slash contractors to bid on work at the site and quote this user then shares some screen shots presumably of some documents involved in that bidding, , the most interesting of which lays out a project schedule in that project schedule not a first substantial completion date of May I twenty twenty one according to the American Institute of Architects. . Substantial completion is quote the stage in the progress of the work when the work or designated portion thereof is sufficiently complete in accordance with the contract documents so that the owner can occupy or utilize the work for its intended use and quote the schedule also notes that the first dry in what happened on December thirtieth twenty twenty I xdrive just means that everything is sort of sealed up with the building shell so that interior work can commence without having to be exposed to the elements, , and then in a separate page here that has also included. . There's a more detailed schedule noting that in September they'll be doing things like underground electrical, , mechanical plumbing, , etc.. . October would be fencing porta-pottys waste removal metals, , recycling recycling removal, , and then November would be architectural interiors which based on the dry and date assume would be non weather sensitive into your stuff. . So obviously take this for what it's worth. . It has just forum posts, , but the documents to me look like they would be pretty legitimate I. . Don't think there's a ton of reason to doubt it. . I. . Think for those of us that follow closely this would be pretty much in line with our expectations. . This will be going from breaking ground to possibly production ready in under a year which we know Tesla is targeting based on their work active factory Shanghai originally and now With gigafactory Berlin as well. . Speaking of Shanghai Tesla continues to make rapid progress at the gigafactory. . They're the global times earlier. This . Week reported that Tesla has completed the main section of phase two, , which is for the Mata why and they write quote at present interior decoration and electromechanical testing being carried out and are expected to be completed on schedule in October and November and quote not exactly sure what interior decoration needs to be carried out and completed. . I'm guessing that's probably something that's lost in translation probably more equivalent you interior design meaning, functional , interior design. . But regardless, , we continue to see these reports about phase two in Shanghai though the Global Times appears. To . also expect production to begin for the Monterey in one though they do cite other media reports on that which we have talked about. . Personally, , I'm still expecting some motto is to come out of gigafactory Shanghai. . This you're probably not enough to be immaterial to quarterly results or the financials but more. . So again, , sign heading into twenty twenty one which cannot believe were that close to you already shifting back to the US and over to the energy side of the business with Peissel's gigafactory. . In New, , York a different type of gigafactory Tesla. . Roddy today posted an article with the headline of quote vessel energy ramps hiring AC in New York for accelerated solar production and. . Quote you on did actually re tweet this article in which Tesla Roddy writes quote a source familiar with the matter who spoke to Tessa. . Roddy talk to employees at the plant who indicated the facility is currently operating on a twenty four hour schedule six days a week to keep up with demand. . Altogether, , this move seems to confirm the eighty eight acre location is accelerating solar production and installation insignificant way which coincides with the company's growth and the energy sector and quote while energy storage has definitely grown historically solar has actually been quite slow Tusla recently, , which I think was correctly pointed out by Gordon Johnson in our bowl baird debate. . So if we go. . Back to two, , thousand, , seventeen, for , example, , cutie, , Tesla deployed one, , hundred, , seventy, six , megawatts of solar energy versus this most recent you only twenty seven megawatts of solar. . There are a lot of reasons for that. . The business model has shifted significantly but right now it's not at the point that at once what's Tesla's hope? ? Of course is that the solar roof changes that about which started in their cute you letter that quote solar roof installations roughly tripled in Q. to compare to key one, , we continue to expand our installation team to increase the deployment rate and quote of course, , this is a new product so to starting from a very low base for Tesla from. . But hopefully, , that growth rate continues we've also recently seen tesla cut their prices significantly for rooftop solar. . Now, , offering the lowest price systems in the United States at least at a dollar forty, , nine per watt after incentives under cutting other systems and the US by about thirty percent on average. . So plenty of reasons to be hopeful that Tesla is on the precipice returning to growth for the solar business and are on their way to finding a business model that works for them consistently for solar going forward. . Next today on into provide an update to yesterday's discussion on delivery wait times. . I've seen a few comments noting that those have changed for people today they have actually changed for me as well. . So the model y currently sets for the all wheel drive version at seven to eleven weeks for me here in the Midwest two to four weeks for the performance for the Model S. and the Model X. Both of those currently sit at eight to twelve weeks versus yesterday's ten to fourteen. Weeks . and the model three has held steady for all trims at two to four weeks. .

Tesla gigafactory Shanghai Gigafacto Shanghai Tesla Tesla Motors Clubs Texas Robin Twenty twenty global times New York American Institute of Architec Berlin
Giga Texas Timeline Update, and the TSLA stock rebound

Tesla Daily: Tesla News & Analysis

05:49 min | 2 months ago

Giga Texas Timeline Update, and the TSLA stock rebound

"Everybody. Robin our here, and today is kind of a Giga Day. We have news from gigafactory Shanghai Gigafactory, Texas gigafactory New York, and then we'll talk a little bit more about lucid ahead of their livestream unveil of the lucid air tonight, and of course, the stock which we can start out with dessel stock on the day to day finishing up eleven percent to three hundred, sixty, six dollars twenty eight cents on the back of a rising macaroni Environment Nasdaq for the day up two point seven percent. So as I said, yesterday, I, hate, stop-loss orders. This is exhibit a for why that is as Tesla today without much news swung back significantly in the. Other. Direction. That's really my only thought on the stock today. So let's move into the news. There was an interesting post this morning on Tesla Motors Clubs Forum by Ridge. Twenty twenty about a possible time line for Tesla's gigafactory in Texas. This user writes quote have some information on the tear factory build schedule. Tesla is sourcing how vendors slash contractors to bid on work at the site and quote this user then shares some screen shots presumably of some documents involved in that bidding, the most interesting of which lays out a project schedule in that project schedule not a first substantial completion date of May I twenty twenty one according to the American Institute of Architects. Substantial completion is quote the stage in the progress of the work when the work or designated portion thereof is sufficiently complete in accordance with the contract documents so that the owner can occupy or utilize the work for its intended use and quote the schedule also notes that the first dry in what happened on December thirtieth twenty twenty I xdrive just means that everything is sort of sealed up with the building shell so that interior work can commence without having to be exposed to the elements, and then in a separate page here that has also included. There's a more detailed schedule noting that in September they'll be doing things like underground electrical, mechanical plumbing, etc.. October would be fencing porta-pottys waste removal metals, recycling recycling removal, and then November would be architectural interiors which based on the dry and date assume would be non weather sensitive into your stuff. So obviously take this for what it's worth. It has just forum posts, but the documents to me look like they would be pretty legitimate I. Don't think there's a ton of reason to doubt it. I. Think for those of us that follow closely this would be pretty much in line with our expectations. This will be going from breaking ground to possibly production ready in under a year which we know Tesla is targeting based on their work active factory Shanghai originally and now With gigafactory Berlin as well. Speaking of Shanghai Tesla continues to make rapid progress at the gigafactory. They're the global times earlier. This Week reported that Tesla has completed the main section of phase two, which is for the Mata why and they write quote at present interior decoration and electromechanical testing being carried out and are expected to be completed on schedule in October and November and quote not exactly sure what interior decoration needs to be carried out and completed. I'm guessing that's probably something that's lost in translation probably more equivalent you interior design meaning, functional interior design. But regardless, we continue to see these reports about phase two in Shanghai though the Global Times appears. To also expect production to begin for the Monterey in one though they do cite other media reports on that which we have talked about. Personally, I'm still expecting some motto is to come out of gigafactory Shanghai. This you're probably not enough to be immaterial to quarterly results or the financials but more. So again, sign heading into twenty twenty one which cannot believe were that close to you already shifting back to the US and over to the energy side of the business with Peissel's gigafactory. In New, York a different type of gigafactory Tesla. Roddy today posted an article with the headline of quote vessel energy ramps hiring AC in New York for accelerated solar production and. Quote you on did actually re tweet this article in which Tesla Roddy writes quote a source familiar with the matter who spoke to Tessa. Roddy talk to employees at the plant who indicated the facility is currently operating on a twenty four hour schedule six days a week to keep up with demand. Altogether, this move seems to confirm the eighty eight acre location is accelerating solar production and installation insignificant way which coincides with the company's growth and the energy sector and quote while energy storage has definitely grown historically solar has actually been quite slow Tusla recently, which I think was correctly pointed out by Gordon Johnson in our bowl baird debate. So if we go. Back to two, thousand, seventeen, for example, cutie, Tesla deployed one, hundred, seventy, six megawatts of solar energy versus this most recent you only twenty seven megawatts of solar. There are a lot of reasons for that. The business model has shifted significantly but right now it's not at the point that at once what's Tesla's hope? Of course is that the solar roof changes that about which started in their cute you letter that quote solar roof installations roughly tripled in Q. to compare to key one, we continue to expand our installation team to increase the deployment rate and quote of course, this is a new product so to starting from a very low base for Tesla from. But hopefully, that growth rate continues we've also recently seen tesla cut their prices significantly for rooftop solar. Now, offering the lowest price systems in the United States at least at a dollar forty, nine per watt after incentives under cutting other systems and the US by about thirty percent on average. So plenty of reasons to be hopeful that Tesla is on the precipice returning to growth for the solar business and are on their way to finding a business model that works for them consistently for solar going forward. Next today on into provide an update to yesterday's discussion on delivery wait times. I've seen a few comments noting that those have changed for people today they have actually changed for me as well. So the model y currently sets for the all wheel drive version at seven to eleven weeks for me here in the Midwest two to four weeks for the performance for the Model S. and the Model X. Both of those currently sit at eight to twelve weeks versus yesterday's ten to fourteen. Weeks and the model three has held steady for all trims at two to four weeks.

Tesla Tesla Roddy Shanghai Tesla Tesla Motors Clubs Gigafactory Shanghai Gigafacto Shanghai Texas United States Gigafactory Shanghai Global Times New York Robin American Institute Of Architec Twenty Twenty York Monterey Mata
"gigafactory shanghai" Discussed on Lew Later

Lew Later

05:35 min | 3 months ago

"gigafactory shanghai" Discussed on Lew Later

"Of shopping using your phone to keep track and all the rest of it just like Walmart was announcing Walmart plus so so many new ways will to buy things. and to live. In. The environment of twenty. Twenty. Tesla. Released a time lapse of its gigafactory Shanghai and you know me I'm a sucker for a good high tech time lapse especially in automotive manufacturing facility where things are getting made by robotic arms. You don't think you got my attention. So you got a little video down here showcasing some model reproduction it all looks very high tech. Now, apparently, this is still not all the waiting on Musk's eventual audit fully-automated vision, but this is pretty impressive. Watching these things roll off the line at the pace that their role in here. I. I like this year into this as the whole system's incredible altogether and unison. It's awesome. So. I. Think at one moment there in the video, you actually had a pretty serious number of robots working on one vehicle at a time. You, the outlet. Yeah I it's I mean the robots are passing the parts to the other robots. I like that. Anyway. Of course, the video is designed in such a fashion to make it look like they're moving hundred thousand units a day it's not to that degree. The annual production capacity was two hundred thousand vehicles at gigafactory Shanghai. That was the number last quarter. It's a ramp up from the previous numbers. But. It is still only about four thousand vehicles per week. So this makes it look like four thousand vehicles a minute. Bang Bang Bang Either way. Cool. Ilan has some pretty. high ambition here for two ticket to continue to automate this process even more so. And and to continue to deficiencies I. Believe he has referenced the eventual. The eventual assembly as the alien dreadnought is what it eventually should look like well. Appropriate at some point. When they finally reached that Massive high-speed output of vehicles. Does of course, they're going to learn something every time they do one of these projects and build one of these plants and set up these new lines and a maybe now, the the new frontier is in Texas with the Austin plant that they're working on for the cyber truck. They can take whatever they got gigafactory in Shanghai. They got the thing going on in Berlin and keep finding those.

gigafactory Shanghai Walmart Ilan Musk Tesla Texas Berlin Austin
"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

02:33 min | 3 months ago

"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

"Yeah. That's a great point that I wanted to also address. So I think one of the most exciting things about gigafactory Shanghai is the implication for the rest of business outside of China they went from breaking ground in Shanghai to actually producing vehicles in just ten months, and now we're about eight months passed aggregate breaking ground point and as we talked about their approaching production rate of two hundred, thousand vehicles per year. So that speed of production getting to production and ramping up production is pretty unprecedented to my knowledge. I don't have another instance of anything like. That ever happening before and what that shows is how quickly Tesla can expand. So right now they have gigafactory Berlin in construction, ABC gigafactory Texas. In Construction Berlin broke ground about three months ago Texas broke ground earlier this month. So if we fast forward ten months and Tesla can even achieve the same time line that they achieved in Shanghai on those two factories, we could be looking at Tesla's production capacity next year towards the end of next year already being at about one point three million vehicles in terms of the run rate at the end of the year. and. If we go back to the Dan note I, think you know analysts are in general pretty conservative on tussles growth rate Dan is, for example, in his base case nine, hundred, hundred dollars price target. He is forecasting Tesla's deliveries in twenty twenty five to be one point, three, million vehicles and Tesla has the potential to be at that capacity at the twenty twenty one. So I think gigafactory Shanghai shows what Tesla can achieve in such time and that's going to be shown again with gigafactory Belinda gets sexist over the next twelve months. We'll look you've answered all the things that I'm. Interested in an anxious to get this out off because you're following is immense. I want the people who follow me on the street. To know about your stuff because it's the first time I've ever had the context I don't know Dan is I only know people who think that the stock is. Wherever. Evade except for the people who introduced me to the car and I think it's an interesting dichotomy that the people who on Wall Street who don't drive Tesla's think it's over died and the people who drive Tesla. You know very smart people think hey, wait a second just let it run so anyway rob I thank you for letting me be on your show Yeah thanks Jim I really appreciate the time. It's always fun discussions. We should definitely get one of those bearish people on some time. Have a have a debate. That's a great idea. Thank you. Thank you..

Tesla gigafactory Shanghai Dan gigafactory Belinda Texas gigafactory Berlin Construction Berlin China ABC rob Jim I
"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

05:21 min | 3 months ago

"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

"So even these operating expenses are actually inflated because they have to hire people for right now for gigafactory Shanghai or gigafactory Berlin, they've even posted job listings for gigafactory Texas and they just bought that land a couple of weeks ago, and obviously those projects don't generate revenue right away but they still hit the costs here. So, as tussle goes into the future, they're going to continue to generate that operating leverage in. They're actually going to generate revenue from the products that they have going today that are already costing them in terms of capital expenditures, which has depreciation or in terms of operational expenses Girls. Profit or their net income. So basically, the point here is that I think this will continue over time. So if we look at a quick example of what could be possible. back-door eighty billion dollars in revenue with fifteen and a half billion dollars in profit and we assume let's just say that's for selling general administrative costs and for research development costs they basically just level out here at where they are. So the blue is there s GNA. If, we say that levels out at ten percents. and. Then the orange is their the expenses and we say that levels out of five percents. These are both conservative figures in my estimation if we apply, that's eighty billion dollars in revenue that would leave Tusla with approximately. About twelve billion dollars in operating expenses between the two. So about three and a half billion dollars in operating income. So in terms of how that would actually be valued if we look at Amazon and we look at their price in two thousand, seventeen, Amazon. Had about four billion dollars and operating profit that year and they were valued at over seven hundred billion dollars by the market. So Tesla today at three hundred billion dollars with a very, very clear path with very conservative assumptions for the next two years degenerating the same amount of operating income that Amazon generated when was valued at a seven hundred, billion dollar. Market. Cap So if Tesla does this, which I believe is conservative, theoretically the market value at similarly or even more highly than they valued. Amazon. Because the market for Tesla is bigger as we talked about energy and automotive are nine in the top ten revenue generating companies in the world an Tesla's growth rate actually be faster than Amazon. So theoretically, it should receive a higher multiple than what was applied to. Amazon. So, even just a couple of years in the future tussles able to pull this off which I think again as conservative than the valuation is definitely you know. It fits within the relative valuation of other high growth companies that we have seen in the past. Now, you could argue that those companies were overvalued, but the returns on those companies have actually outpaced the overall market So that's probably a separate discussion just on. the toll evaluation on the stock market but relative to other companies Tesla seems to me relatively undervalued based on some pretty conservative here and I'll take that one step further I think tussles going to continue to generate more operating leverage They have the motto why coming on right now should once it's ramped up that's a crossover SUV that should be similar price ranch, the model three once that's ramped up, it should really essentially doubled TESCO's revenue and they're not going to need to double operating expenses. So I think the operating leverage is just going to continue. As we said they basically three and a half times the revenue with only increasing their operating expenses eighty percent. So even if we assume that operating expenses double and research and development costs, somewhat almost double up eighty percents..

Amazon Tesla gigafactory Shanghai Texas Berlin TESCO Tusla
"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

02:29 min | 3 months ago

"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

"And Tesla's working on building out factories all over the world right now they've got gigafactory ruin gigafactory Shanghai, and then I'm sure has a lot of of heard that just announced gigafactory in Texas a couple of weeks ago. So they plan to get that into production next year as well. So the pace the tussles growing at is just not slowing down all Alana's said that they they want to continue to grow fifty percent per year basically in perpetuity until they had about twenty million vehicles per year by twenty thirty, we'll talk about that a bit you're too. In terms of their lead antonyms vehicles. So this is a chart together by lex Friedman. This captures the number of miles that are driven by Tesla's that are equipped with their autopilot hardware. So Tesla basically has the capability of harboring all the data from all those miles driven. So intensely as right now, they're over three billion miles. Driven by these vehicles with US autopilot hardware, which contains a cameras variety of radars, ultrasonic sensors, things like that they don't use a lighter sensor. which is a bit different than other strategies in the autonomous vehicle market Tesla's philosophy is that really with enough data, they're going to be able to train their net to the degree that a ladder won't necessarily be required. So that's really the play here is Tesla is basically shipping as many vehicles into the market as they can those vehicles than return a lot of data for them, which is a incredibly value valuable four tesla. Tesla actually gets to charge their customers to go and collect the data for them through the process they generate on their vehicles. So it's a really nice flywheel effect that scales even more and more as tussles production and delivery grow. So. For example, Tesla's at about three billion miles in terms of the autopilot miles driven. They're collecting about seven and a half miles per day from these vehicles. For example, really the second place in the Thomas Vehicles from my perspective. Obviously, this is all my own opinion but. WAYMO was probably second place right now they for example, have twenty million miles collectively driven across all the vehicles. So twenty million versus three billion and Tesla's collecting about seven and a half million miles per day. WAYMO has different sensor suites they do use light are. So some of that data may be considered more valuable. That's really a toss in terms of how you expect. You know the development of Thomas Systems to play out but for me, I think it's really all about the data and that's what tussles pursuing a no one else has really been able to implement a strategy where they can get the sort of scale in the marketplace to collect that data like Tesla has it's.

Tesla WAYMO Thomas Vehicles gigafactory Shanghai Alana Texas lex Friedman Thomas Systems US
"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

01:56 min | 4 months ago

"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

"For Regulatory Credit Sales, but the other two-thirds is really just for me forecasting stronger margins from Monteverde and gigafactory Shanghai. As they ramp up now, Tesla dozen break out the gross margin for the individual product lines like Model S, monologues, model, three et Cetera, but at least in the forecast that I have that I've tied back Tesla's actual I have the margin percents for? For those product lines basically holding flat, or even being slightly down from key one level, and then really the only difference is I have margins from Shanghai increasing from accuweather forecast of about fifteen percent to Q. to being about twenty one percent, and then for the Model Y, which we know in Q.. One dessel says was profitable despite it being its first quarter production. Production. I have that going from my estimate in Q., one of about eight and a half percent to cute you being about seventeen percent so on the model, why I'm estimating an average selling price of about sixty one thousand dollars, and that seventeen percent gross margin would mean costume good sold of about fifty thousand slightly above that, so that's still a significantly higher cost..

"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

03:05 min | 5 months ago

"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

"How are things going at gigafactory Shanghai? Is there any application of AI manufacturing specifically Acura Shanghai? You on, replied saying quote. are going really well Gigi Shanghai I'm incredibly proud of the tussle team. They're doing an amazing job and I look forward to visiting Gigi Shanghai as soon as possible. It's really impressive the work that's been done. I really can't say enough. Good things. Thank you to the Tesla. China team and quo nothing too surprising. There Alon has consistently been very complimentary about the progress factory Shanghai, and then on the question which I thought was a really interesting question. He answered quote. We expect. Expect over time to use more a I and essentially software and our factory but I think it will take a while to really employ a effectively in factory, situation and quote, so this obviously brings to mind that the big push for more automation that Tesla and Yulon had around the time of the model three launch, and they seem to learn some pretty our lessons around that time, and perhaps came to value the flexibility and adaptability of humans, a little bit more, probably the most. Most prominent example from that period of time it was the infamous fluffer Bot, which was a machine designed by Tesla to use a vision system to add a fiberglass mat, or what he said was essentially fluff to the top of the battery pack for sound insulation, but fluffer about would have trouble picking and placing Matt causing production to slow down, and then the Cherry on top Tesla actually found that there was no difference in sound from using that insulation. That went that you on. On saying humans are underrated, and we haven't heard quite as much from Tesla on automation of factories since that point in time, though obviously is still one of their goals, and they are still looking for ways to simplify and improve the manufacturing process, the utilization of the giant casting machines for Mata why rather than multiple stamped pieces is just one recent example I do wish would have gone into a little bit more detail on this topic though I think it's under appreciated, but. But as with most topics these days, maybe we'll learn a little bit more about this. During Battery Day. The other quick thing that stuck out to me from comments was that there will be original engineering and design teams in China, not just converting over from American designs. Yulon had briefly comments on this I believe at the model three launch from Shanghai, when he said quote. I think something that would be super cool would be too, and so we're gonNA, do it. We're going to. To try to do, it would be create China Design and Engineering Center to actually design an original car in China for worldwide consumption and quote so good to see basic reiteration of that concept with a little bit more certainty here at the average truck unveiling, or maybe he mentioned it at the motto unveiling about the cyber truck unveiling Yuan said that that would be the last product reveal for quite some time, and that this would be a year of execution. Tussles already announced. Announced Products, but the excitement that there is going to be for the next product unveiling for Tesla whether that's twenty, one or twenty twenty two is going to be insane. Interest in Tesla is just continuing to increase the subscriber count of the separate. It can be a proxy for that. Heading into the cyber truck event had had about five hundred and fifty thousand subscribers. Now it has over seven hundred thousand, so let's call it one hundred and seventy thousand new subscribers just since last. Last November and the number of users holding Tesla stock in Robin. Hood has increased from about one hundred, twenty, thousand to almost four hundred thousand now, since November, so in another year or two things are going to get pretty crazy anyway, that'll wrap it up for today.

Tesla Gigi Shanghai Shanghai China gigafactory Shanghai Acura Shanghai Mata Alon AI manufacturing Yulon China Design Tussles Hood Matt Engineering Center Yuan
"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

03:48 min | 5 months ago

"gigafactory shanghai" Discussed on Tesla Daily: Tesla News & Analysis

"We're here today. We were talking about reports on Tesla's numbers in June for China and a sonic. CEO Comments on Elon most updated note from Goldman Sachs Tesla's stock in Monroe update on the Tesla Model. Why Justice Doc on the day finally, taking a bit of a breather down one point seven percent on the day to one thousand, three hundred sixty five dollars, eight cents that compared to the. The Nasdaq with strong day up about one point four percent we saw a pretty big drop in Tesla stock about two hours before close I'm not exactly sure what drove that but Tesla did recover towards the end of the day, adding about forty dollars per share in the last hour or so all right, we'll start off with the likely biggest news of the day. Which is some reporting on? On Tesla's numbers in June in China, Reuters and many other outlets today are reporting at that Tesla according to the China Passenger Car Association soul, Fourteen, thousand, nine, hundred and fifty four Shanghai made model threes in China now. These reports are always a little bit confusing, because the media doesn't do a great job of clarifying what exactly these numbers are, and the see a China passenger, Car Association seems. Seems to release different sets of numbers from different groups, so it can be hard to figure out whether they're talking about production or deliveries or wholesaler registrations, because they're often just referred to as the same generic term of sales, personally because I believe Tesla has the capability to sell every vehicle that they produce out of gigafactory Shanghai at this point, what I'm more care about is the production. Production number especially so as Tesla ramps up that production number because that allows us to do some more forecasting, but that does not appear to be the number that we're getting here from Reuters. Reuters compares this fourteen, thousand, nine, hundred and fifty four number with sales from a May saying quote. Tesla sold eleven thousand ninety five vehicles in May up from around three, thousand, six, hundred thirty five units. Units April CPI data, shout and quote previously we have heard production reports out of China of eleven thousand two hundred eleven vehicles for April and eleven thousand five hundred one vehicles for May and the data has also been published by the EPA. So if we hone in on that April number clearly, there's a large difference between eleven thousand, two, hundred and thirty, six hundred..

Goldman Sachs Tesla China Tesla Reuters China Passenger Car Associatio Justice Doc Shanghai CEO gigafactory Shanghai Car Association Monroe EPA
China Superchargers

Tesla Daily: Tesla News & Analysis

05:28 min | 6 months ago

China Superchargers

"We're here. Today would just have a few quick things to go through pretty quiet day for Tesla overall as Elon. Musk has decided to leave twitter for a little bit. Not necessarily bringing news to a screeching halt, but definitely having an impact. We talked late last week about Tesla, potentially seeking out some land for a possible factory or something else in the UK. Well today there have been some rumors floating around on twitter. That musk may have flown to London today. Wednesday June third I'm sure I could probably fact check that but I'm personally not really big into the whole flight tracking concept so I'll leave it at that just passing. Passing along some of the rumors on twitter for what it's worth did originate from an account that has blocked me I'm not sure if it is someone using the blacklist or something else, but take that for what it's worth x today we have electric reporting on some pretty major superchargers expansion plans for China. They say quote at their Shanghai office last week. The automaker announced its plan to deploy four thousand superchargers in the country in twenty twenty, alone and quote, and while I'm not sure where they got this information electric says that there are about twenty five hundred superchargers stalls currently in China supercharge dot. Info is where I like. Like to get my tracking information for superchargers, and they have the whole of Asia Pacific right now at just over four hundred super charging stations, and of course, each station has multiple stats. The for a super charger location worldwide is about nine superchargers per station I think over time that number would grow so if we assume ten charges per station with the support of four hundred new chargers, we could be looking at four hundred new locations in China or something in that ballpark. The super charger location build out in China historically has been pretty linear so I. Think with gigafactory Shanghai now ramping up. We're going to see that change, too. Too much more of an exponential type of growth, and I wouldn't be surprised to see the super charger numbers in Asia Pacific Exceed Europe within the next twelve months of course, hopefully, gigafactory Berlin means see similar exponential type of infrastructure build out in Europe as well, but China market is larger. Even Volkswagen sells more vehicles in Asia Pacific than in Europe, so at some point, those are likely to flip next. Today is an interesting news Ford dealerships specifically independent Cardio ships in the United States so non franchised dealerships CNBC has learned and confirmed with Wells Fargo Bank that Wells Fargo last month and I sent out to hundreds of independent dealerships. Them know that they were dropping them as customers, and they would no longer accept car loans coming in from those dealerships, a wells Fargo spokeswoman told CNBC that the bank had quote an obligation to review our business practices in light of the economic uncertainty presented by Covid, nineteen and have led the majority of our independent dealer. Customers know that we will suspend accepting applications from them and quote so the timeline, and how temporary the situation is a little bit unclear, but this may add in some cases a little bit more pressure to some of those dealerships now. How big of a deal is this really probably not? Not all that big. The Independent dealerships can likely find financing elsewhere, and as it relates to Tesla. This is about independent dealerships, so this is more of the used car environment versus new vehicles, and I think regardless of Tesla's disruption for new vehicle sales, and a little bit for US vehicles as well. I think dealerships for used vehicles are probably going to be around for quite a long time. Next is a quick update on space, X. if any of you have launched fever from the launch over this weekend, you'll have another opportunity to get your fix tonight if you're in the US on Wednesday June third. Third? At six twenty five PM Pacific Time Nine, twenty, five pm. Eastern time. This is another exciting mission for SPACEX. Because this is related to Starlink, this is the eighth launch of Starling satellites for operation so operational satellites four, hundred, twenty, one through four, hundred and eighty. June should be a big month for Starlink launches with three expected launches scheduled for the month about the crew dragon mission. There was a pretty interesting quote that was shared on the TMC forums by Astronaut Doug. Hurley was quote the thing that really stood out to both of us, and we mentioned it as soon as we talked is that? That, we didn't even feel the docking. It was just so smooth, and then we were docked and the shuttle. You felt a bit of a jolt. That really really surprised me and quote so obviously. The autonomous technology that spacex is using for docking at the International Space Station has a lot different than the autonomous technology that Tesla is using on earth, but nevertheless uninteresting and nice quote to read Leslie today I just want to give a few thoughts off the top of my head on the Nikola interview yesterday. Obviously some mixed reactions from that interview, but I appreciate those of you. That came to it with. With an open mind that interviews, not my time. That's Trevor's time to give us his take on the company. Then we can take that information and we can assess it for ourselves for me. It's about getting good information out. There were lucky. I think to have platforms to speak directly with CEO's of these companies and assess based on the things that they say rather than having everything be shrouded in mystery. So that's the whole goal I really appreciate Trevor taking the time to do that and answering my questions, it's not exactly the easiest environment to come into you, and it's not every see yo that is. Is Willing to do that so I really appreciate that in terms of Nikola as a business. I wish them all the best. My personal preference is Tesla an investment. I'm a really big fan of the vertical integration. That Tesla has I think that allows tesla to learn a lot and it rate very rapidly as you said in the past pace of innovation is the most important thing I believe that vertical integration helps with. That doesn't mean another model can't work. Nikola does the advantage of not having that legacy business waiting them down. That could allow them some room to operate so I. Think they'll be interesting. Interesting to follow, but personally not the investment for me, and that's okay again. This is all about open-mindedness, due diligence and sharing

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"gigafactory shanghai" Discussed on Talking Tesla

Talking Tesla

14:29 min | 7 months ago

"gigafactory shanghai" Discussed on Talking Tesla

"Twenty twenty point twelve point six okay? So you're like Europe point five ahead of me but you also have paid for the FASD so you have features that. I don't have available to me. I still don't see cones. I don't see light. So do the physicality of the lights and all that you see them but it doesn't work very well. Well it's definitely baiter and so what it's doing. It's using the humans to train how this should work. So as you're coming up to a stoplight whether it's green or it doesn't matter it will tell you. I'm going to stop in six hundred feet. I'm going to stop in three hundred feet. I'm going to stop in one hundred feet and you're supposed to put your foot on the accelerator or on the autopilot. Stick to tell it. No No. Don't stop or yeah. That's fine if you don't do anything so the idea is if the light is red you just do nothing in the car will come to a stop by itself if the light is green you say no no you can keep going Kirk. But it's confusing to the human at least this human because if you see the light is green and you don't. WanNa stop and six hundred four hundred. I say no kid going click. It says it asked me again. In four hundred at four hundred feet ensure guess click at one hundred feet and it can get really. Jerky STOP-START STOP-START AND SO I've had to turn it off because it's like this is so far in Beta can't take it. Lets the humans trained horrible? That sounds like a horrible experience. It's nurses twelve point six. I just want to confirm that. Yes tow point six. There's a number of youtube is out there that have done videos and found the same thing it's just like. When is the best time to tell it? I don't want to stop because if you tell too early is going to keep asking. I don't know I want Black Tesla. And he did a good overview of it and it didn't seem like he had so many issues. Although he did mention that it was it was Fatiguing to be constantly having to be engaged. Will you should be if you're driving your freaking car but having to be engaged at a particular point before the Stop St or before the Stop Light but I'm curious because right now My car had twelve. Let's see twelve point five so I was one behind you but now just before I got on the call. It started updating and I think it should have the twelve point eleven point eleven point one two thousand twelve eleven one. So maybe it's a little better. I don't know what the difference is going to be and do you have. Fasd in your car is well on the three correct. Yeah I rented I rented FM. St Ives subscription really. Does it exist? That's not a thing when you talk about it yet. Don't be confusing Robert. Well you told us last show that you had your model y so well last week. I lied this week. You're going to lie. I still don't have it. I check every day. You know it's interesting. I tried to pimp out a guy on from Tesla it's interesting. They called me a few days ago and they tried to sell me model three. They're like you know you you've had a reservation for a long time and we've been interested in why you haven't bought it and I'd like to talk to you about that and I basically told the guy that's interesting. You're calling me because And he was really nice. I just got my model three. Maybe two months ago and he was like really and it turns out. They have to email addresses for me but we talked about it. And he said that They're actually still selling quite a few cars right now. Even though the factory is shut down he told me that they actually pumped as many cars out of the factory before the shutdown possible. Usually they do that. You know at the end of the quarter end of the quota writing and explained that you know typically at the beginning of the quarter. The cars that are going to be distributed out are the ones that are going to Europe and Australia. And then in the middle of the quarter. They're pumping out cars that are going to go to the East Coast and the end of the quarter are the cars that are gonNA stay on the West Coast and so they were cranking at the end of the quarter and all those cars were destined for California in the West Coast and they continued as April or May I may for autonomy April first came and they didn't shut the factory down April first. It was about halfway through the month so a lot of cars produced and he has got a lot of cars. He's ready to sell and deliver like Pronto. So what's have my why I asked about? The wise wasn't he didn't have the clue. Has You know if you guys watch. You know some of those people on Youtube or on twitter those guys maybe no before we know. Because that's how we find out. Yeah some of those guys not sometimes. The Tesla doesn't the lift doesn't know what the right hand is doing. Because about a week ago I got a skull from Tesla. Saying Oh can't wait to get you into your new x the Lisa's up and let's get you into your new x like Dude. At least it's up in a year and a half. You WanNa do what you forgive all of those months. He's like a year and a half soil looking at the wrong thing here if they said Yes mel what would you get a get a why well actually the wife she wants to see the why first and then compare but I think that She'll get into the Y. Because of the doors are not the she likes all of the internal space carriage. But it's not too much different between why and it's a little less in the why but I think the normal doors in the back might sucker in an unlikely to second 'cause it's a lot cheaper. Yeah and it's also crazy efficient. I got into a late night reading over the OCTA. Octa bottle OCTA pump. What are you drinking yes? No it wasn't drinking but I was drinking the KOOL aid. And reading about this new Heat and cooling management system. That's in the why and it's quite impressive. they're saying that that design which is different than the three and the S. and the X. that design of the OCTA Octa cooling system is. What's GONNA give the car? A ten percent efficiency boost. So that's why that range and the and the efficiency in like miles per kilowatt of the why can match the three? That's pretty impressive. It's super impressive. He wants to make that sort of Hvac system thing and put it into houses. Yeah it's GonNa be great not to mention on the space station and all that good stuff. It is actually kind of stunning that significantly. Bigger and toll And heavier and just as efficient as a model three yeah. It's pretty cool but you don't have nearly as efficient on three hundred and sixteen miles. Rented Range is what they did. You hear Ilan talk about The Model S. rated range and had Little Ping matches having with the API so the API gave the new s with all its fixed magnets and all improvements in the motives. Three hundred ninety one miles right at which is fantastic. It's amazing but Ilan said they screwed up. They left the door open. They left the keys out of the cast of the cow thought. Oh I'm supposed to be waiting to come. And it was burning some kilowatts and they did that overnight. If they hadn't have done that would have been over. Four hundred miles will the EPA came out today or yesterday and said that's not true. So who's lying? Psychotic didn't leave the doors open right. My guess is Alon is make knows if they left the doors. Open to your APP. Wh why did they leave the doors open over there like it would be a very specific very stupid lie on both of their parts? Yeah so he's wrong and the other one's a lot so I think actually although Ilana cycling up and I think he is really Quite manic right now and I'm worried about him. He goes through these cycles. As you're relatively frequently I'm a bit worried about him but I don't think that he is in correct. In this case it's too specific. And the EPA. Who KNOWS THAT? They're gonNA test again after the they get pandemic and all of this. You have to kind of take with a grain of salt right because let's let's just say for instance. It is four hundred miles of rated range. That's if you are trip charging which you shouldn't do very often any ways you should charge to about eighty percent so the practical day today is still around three twenty four for that car right. I mean let's I just WanNa make sure that we're not sort of weird information out there that people everybody listens us. We get at four hundred four hundred. That's four hundred. If you drove at fifty miles an hour of sixty miles an hour most of us know can do that and I'm just using the EPA standard plan. But they're they're quibbling over two percent of battery Whatever to percents battery charge in this situation and I agree Tom. It's just It is splitting hairs. It's great for marketing. Yeah that's what I'm saying. It's getting louder. Miles looks much better than three ninety one on a on a website. That's for sure right. Yeah it's and psychologically I'm like yeah four hundred way more than three ninety one very brought knockout doing method. It's actually no different surrounding difference although if you think about it tesla has been sort of like pushing the envelope to control cost Decrease build time. They've been doing some things that I'm not so cool on so when I first got my three and I went into the Franck Right. I mean how often do you guys use your Franck? Almost never this is when I think about my Franck is when I'm putting stuff in my trunk and I'm like wow. This thing is really full. I should probably use the Franken. I shove another thing in the trunk. That's basically the extent of my Franchi's you do meld. You still put your stinky golf shoes in the Franck. I put my stinky golf shoes and my stinky Gulf Cot. Three wheeled golf cut in the Franck. Okay so you have a specific purpose for me. My funk is empty right now I think I think I might have moved the plugs charging apparatus into drunk. Yeah but I don't go in there very much at all and so when I did after. I bought the car I was like. Wow where's the the carpet? They didn't put the carpet in the front. And then I looked and I saw there. Were these gaping Openings where there used to be. These flipped down hooks for like bags like for shopping bags in the Franck which I thought was kind of cool honestly. Would I ever use them? I don't know maybe not but the bottom line is is like what the hell's up with this. Why did you take away these hooks? It looks unfinished. And why don't you put carpet in there and it turns out there doing all this to save money. Did they really take the carpet out? Because I remember when you got the car open and I was like. How can you don't have carpet? You're like what do you mean and I'm like well. They're supposed to be carpet in here so they really like. That's an option front. Not even our mission not even an option just waste that's why market RPM Tesla's all jazzed because he's selling a piece of carpet not how much but if that's true. How much does that actually Save Them? Versus the amount of pushback and pissed off at us by not putting in a bit of share capital probably cost fifty cents that most people don't know it if it costs let's say overall it costs them to fifty per and they're about to make twenty million cars. That's that's That's walking around money for you on that. I actually had this discussion with mark about those hooks and I was like I thought to myself. Would I ever really use them? I mean they might be kind of handy. It might be but I just thought it looked unfinished without anything. They're just as greasy kind of like head of a bolt and so he was like kind of shrugged it off and said well. I'll be selling some soon whatever. Yeah that's great classic classic. Okay what else you got on. You got to get your gigafactory Shanghai face to. Let's talk about that phase two or phase. We don't gigafactory is three phase two. There's this article in Tessa. Manian talks about phase one point five phase two phase three phase three D. I don't know you try to explain the whole damn thing to US Robert. Hey before we get there we got some people chatting and Michael Thomas saying the worst thing that they lift out on. The three was the Namer adaptor. I didn't know that stopped. It doesn't Roemer depth. Is that true? That yes that's upsetting. That is like my favorite A. That's like the only Tesla accessory I actually used. Because that's how I had a NEMA put in at my work so I could charge basically like thirty miles an hour with the straight cable. So that's not cool. They charged thirty five bucks. I think each for those bad boys. Yeah well that's cheaper than what they used to charge like sixty five seventy a piece or ninety a piece. I remember I had to replace by J seventeen seventy two adapter so yeah but now they have a bunch more because they're not putting them in the car. Yeah Michael Says I give you the one ten now. Which is it's a waste on the website. I just one of mine broke that adept on the cable and stuff and it was five hundred and fifty bucks. This is very for the cable. Fifty for the cable the little box and the plug at the end five hundred and fifty bucks to replace. Your five hundred twenty on the website right now and that's but that's with the Nima so if you buy it on their website he'd get the Nima that's a lot of money for that thing that's more than they charge. I think that's about what they're charging for the wall charger. Yeah it's a bit upsetting. The chargers actually five hundred dollars. You can buy a silver wall.

Tesla Europe EPA Youtube OCTA Octa OCTA Twenty twenty Ilan Kirk Nima West Coast Michael Thomas Miles chargers St Ives California Robert
"gigafactory shanghai" Discussed on Talking Tesla

Talking Tesla

07:33 min | 10 months ago

"gigafactory shanghai" Discussed on Talking Tesla

"So first of all let a really good one from Andrei's pederson. Andreas Andres. Because a nut that you've called him before but he asked what is the carbon footprint of the Starlink satellites so that is really interesting question and Illinois actually talked about this before talked about. It is a bit of a Paradox. That you know. He's trying to accelerate renewable energy while at the same time there's not enough energy density and things like renewable batteries to put these things into orbit so I see tessler creating cars and doing renewable energy as a carbon offset for his business. But I actually found somebody on Cora that has answered this question and it has sort of been peer reviewed by a couple of thousand people and most people basically agree with this gentleman's answer he space freak. You answer this. I think it's Jeffrey knock is the person but anyway he says. And here's a summary. The Falcon nine first stage carries about one hundred twenty thousand kilograms of our P. One fuel which is basically kerosene. He then goes through the structure of kerosene and how many Sort of carbon molecules around there and says this is for the first edge because the second stage is add in space. And so that's going into space and we're not worried about global warming in the space. That'd be global spacey warming. So we just think about the first stage and so after you do the math then you burn that kerosene and you combine it with oxygen. You get three hundred thirty thousand kilograms of carbon dioxide. And what does that actually mean that is about the same as a diesel car? Driving for about a million miles or about the equivalent of sixty to seventy diesel house driving for about a year. It's also the equivalent of about two planting. Twenty two point seven acres of corn. So it's a lot but it's not overwhelming. It's a lot but it's not a woman now they're gonna be doing a lot of as a lotta cows but the rate of production of cows. Electric has fully renewable electric cars. And all their soul that they're gonNA get cranking up is going to way more than offset even of firing these rockets every couple of weeks and this should be even better when you do still shit because it can take so much more up there. And it's so much more efficient that the carbon footprint of the satellites will drop even further and then they noted that if you look at it on a per mile basis the satellites will do hundreds of millions of miles so they get good miles per gallon. So although it's a lot and it's something to be aware of I think he is carbon offsetting significantly more than that. It would be nice if they actually on the website and out loud said. Look we understand that burning kerosene? It's not exactly Great for the planet that he is how we offset it and I could use like Tesla's an example or they could be rebuilding rainforests or something so really excellent question and thank you to the people of Cora to giving us what I hope is a pretty accurate answer about one. Felker nine is about a million miles of driving a diesel or something around sixty seventy diesel cars for a year and I got another e mail misspoken I said if da instead of FCC the FCC will decide how many more spaceships satellites that Put up and of course. I failed to talk about the other controversy so one controversy. Is that people really worried about space junk. It's going to be so many satellites up there in one little hiccup in the smash smash and then the cascade of effects very bad right. But all the other big thing that everybody's talking about is the fact that these way broader than anybody suspected even the astronomers and stuff that they had consulting their bet twice as bright as they thought and so. This is really affecting the ability to see distant objects. When you've got a styling satellite coming by putting a big streak across your film as it were and so. They're really trying to work with astronomers to fix this. They've put up one black coated satellite. But it's not a slam dunk. You'd think like just paint it black. What turns out when you do that that it's going to absorb a lot more energy more heat and it might really affect the ability of the satellite to work so that may not be the solution. We have not heard yet whether that's satellite is working and what testing is going on there but we hope for everybody said that it still works though satellites do work and they could up a ton of these paint them black and not get this reflective streaking which is affecting the astronomers ability to look up in the sky sometimes very impressive when they first deployed these. It's like a stick of cards. That's being opened up and some pitches stunning but not stunning. If you're trying to look past that fleshy light to look at Venus or the beginning of the universe or whatever it is you're looking at so hopefully they can solve that problem because we want to solve all those problems. We won't have fast Internet throughout the entire planet. That's not too expensive for people in rural remote areas but not screw up our ability to look into the Sky Casino. We looking up into the sky and finally ladies and gentleman for this on today because it's today and there is a report and I've seen this. This has been coming for a while but this is in. The blow. Cold Has Manian Tasmanian but Tasmanian and its report that says the Tesla gigafactory. Three or gigafactory. Shanghai I should say is going to get batteries from this. Chinese manufacturer called C. L. With no Kobylt now -ticipant token about getting to know cobalt for awhile and apparently what they use is. This lithium iron phosphate and lithium nickel manganese sort of batteries but without cobalt. Now this is big deal right because cobalt is expensive and cobalt comes from a lot of it comes from the Congo. Where the practices? Is You. Send little kids down there to mine. It which is a whole problem and we've talked about this before that you're actually asked. The parents of these kids getting shoved down there. They're going to say you know. We don't want you to stop this because the any way we can eat so. It's very complicated. It doesn't look good when you've got small children dying down small minds so that you can drive your expensive Tesla ran. Thank you very much. We're going to find a better ways to help these people get them income so getting rid of Kobylt is what we've been trying to do and it turns out that sort of the first version of the eight hundred six fifty s used about kilograms per vehicle of Cobo. Then they go down in the eight hundred six fifty over time to about seven kilograms in the twenty one seventy us about four point five kilograms of Co Boat Cope. It's hard to say co bolt per vehicle and if these reports are true. Then we're GONNA BE GETTING DOWN TO ZERO which I think overall is going to be a good thing. It's GONNA reduce the price and some of these human rights issues. We'll have to be dealt with as well the battery day. It's going to be huge. It's going to be big it's GonNa be lodge. We now expect it to be in April and. I'm sure that we're going to hear about this. We're going to hear bad increased energy density. We're going to hear about a drop in the price of all this stuff so I'm super excited about Battery Day. I'm really excited. I think the world is excited about just. How big a deal is this. Hopefully Ilan has an over hyped. And that we're going to see some real battery advances which will soon come into the cows ladies and gentlemen bills. My name is mel hub at the show is Alon today politicking network of show. It's a network of shows lays and Jemma boys and girls and we'll talk to you again someday Herbert out..

cobalt Cora FCC Andreas Andres Andrei Illinois Tesla Sky Casino P. One Alon Congo Ilan Jemma Co Boat Cope Shanghai
"gigafactory shanghai" Discussed on The Tesla Show

The Tesla Show

11:18 min | 1 year ago

"gigafactory shanghai" Discussed on The Tesla Show

"That leasing works is that Tesla has has to keep the debt for the vehicles on their on their books until they get paid back by the Leasing companies via the customer. So yeah no real oh concerns about increasing debt or anything As a result of hitting these hitting these results because debt doesn't necessarily hit the The income statement except for interest and because interest rates are so low. It doesn't really have a big impact in a lot of companies are taking on a lot of debt Tesla has not added to their debt in any meaningful way. This quarter to says a point of reference. Yes so the on the on the operation side of things That production rate from all three of around eighty thousand vehicles works out to six point six thousand model threes per week assuming a twelve week quarter order so remember like a year or two ago John was like we're going to get the five thousand model threes a week and then like in a few months. We'll get the ten thousand so there's still more close to five thousand per week than the ten thousand. Are they still using the the big tent in the in the parking lot. Yes yes they are still using Matt Not as part of the production process and so this this is a little bit. I'm not sure I'm not sure it's concerning or if it's a demand the issue we were just talking about demand but essentially it's not clear to me if they underestimated. What Fremont's capacity? Actually are you sorry. Overestimated Fremont's capacity actually was or They in managing their profit margin and the price point are not yet at a place where they can lower the price enough that would push demand high enough to support closer to eight or nine thousand model threes or the alternative theory is that they expected that the would be ramped faster and that they would have gone to ten thousand model threes as per week in the US anywhere. You know way before Shanghai was ready but now that the gigafactory Shanghai is so far ahead of schedule that Dave decided to not push very hard and Fremont on production but just focus on margin improvement and wait for the Shanghai factory to come online because they know they have more capacity and they need to like make cars there So my money would be on the overestimating. Yeah I think they definitely overestimated how much that production online could do because they really talking a lot about how the new Shanghai production line is like a next generation version. And I thought our overestimating that one no yeah half probably we never got the coast to coast drive that we were supposed to get to right like I feel. I've got updates on that okay. It's just yeah. The a quiet quarter is nice because in general that means there was less over promising I guess yes. And that's that's just a chronic problem. It was it was definitely a there. Weren't any major milestones targeted for this quarter except for which they did do About a month or two late but it did come out and so if you look at the trailing twelve months which is a nice way to sort of smooth out the results right because you can can smooth any of the perturbations for any particular month or any particular quarter and if you look at vehicle deliveries overtime Q. Three Q.. Twenty eighteen the previous twelve months. They'd been done around one hundred ninety thousand vehicles and this this year there at around three hundred fifty thousand ish so year on year quite a lot more vehicles for the trailing twelve months and then even go back another year They were just under one. Hundred thousand so last year was really the big step change in model three production happening and this year Only around a fifty percent increase in production still a lot in terms of the absolute number but nowhere near the levels of change. And so I think that's also partly L. E. Y. it's not as crazy as the absolute percentage changes are just not as big and As a result we don't have as much Change in any month or any day so it It leads to more stability in the company. Sounds like a good thing I think so especially for For Tesla and if you look at the net income trailing twelve months it's an interesting Upside down wave. Where in two thousand sixteen? They're trailing twelve months Prophet was around negative one billion and and right now it's about negative one billion for the past twelve months. If you go back to like Midyear two thousand eighteen. They were down at like two. WHO and a half billion losses? So they're kind of getting out of the hole in terms of losses and that really was the peak of model three ramping. Yeah and so. That's would they kinda talk. That's what they mean by when they say when we ramped new vehicles we're going to have some potentially negative quarters and you can see that in their results here. My point and is that won't be as pronounced because model three will be able to absorb a lot of that And also model wise not gonNA have as much trouble fingers crossed well and just from from listening to you from a marketing perspective. I think saying you have a prophet of negative. One billion sounds better than a loss of one billion. Think that's interesting. I wasn't trying to spin. No no I think you said it like two different ways which are the same thing But Yeah I guess profit of negative one one billion sounds better than a loss of billion dollars. Yeah it's a little Orwellian but it sounds I it has a more positive connotation to it. I guess I should really push that for some of a some of the companies. That are up a good news. Bad News kind of thing right. We have bits of negative one billion dollars. Yeah just that negative sign is really small like you could just make it a little tiny little minus sign or put it in parentheses like in this case yes. It sounds like you're whispering your profit just make it read easy profit off. It's a one billion read so probably why we're not accountants. No no I think we would get. We'll get them. I don't think they really like marketing. And people becoming accountants kind of not the career trajectory. You WanNa see no. We've had a little too much problem with creative accounting really exactly in our economy as deflate. Yeah it's not really a left brain kind of situation so on solar in storage an area. That still isn't that that critical to the company from a revenue point of view and contribution margin point of view. But we don't really talk about it too much on these calls of recaps recaps for that reason however want to spend a couple minutes on it here just because of a few few important points one they had all time record storage deployment so this is his battery packs. So power walls power packs and soon mega packs. The three megawatt hour battery packs are going to start in Q.. Four so oh That's GONNA drive megawatt hours up a lot. They did four hundred seventy seven megawatt hours of deployment which was a record and then also the solar business grew fifty percent quarter-on-quarter so those are the just solar panels that they do residential and for commercial customers still way down from when they purchased solar city but the model is still primarily around purchase versus leasing. And the other really the big thing that occurred on the call and then in the subsequent days which now because we get to record a little after we can speak about is they unveiled the new solar roof and this is the three of the solar roof I mean the original solar roof was unveiled over two years ago. Mike do you remember when they go. It's been a while. Oh Yeah we did that call. We did that recording. And they had gone to Universal Studios. Yeah there was just like a house there. Yes yeah they did it in the back lot where they filmed the Desperate housewives and it was like Oh boy this new thing is coming from Tesla. The model three wasn't really even in production yet. And all this stuff it was super super exciting and here we are two plus years later and it still is like on a handful of roofs. Max and I think they really under if they really really underestimated how hard it was gonna be to do. Both the technology and What it sounds like actually now has been the actual installation elation process? And sort of. How do you make a custom roof? A product that can have behind margin versus like you you know shingle roof shingle. And they now seem to have gotten the price down thirty forty percent over the V.. Two and them getting getting the price down or just the the kind of constant falling of the solar cell prices it seems just riding that wave down or are they doing anything no they they. They did a lot to reduce the number of pieces go in they made the panels. The each individual tile like almost double the dimensional space of of the old ones reducing. The amount of site work drastically reduce the amount of time it takes to install so there's a lot less labor hours involved in installing it. So we do a deep dive on the call that they did about this but essentially so the June photos of them yes they have them on their homepage. Now yeah these the ones that are doing initially are the black black-glass ones so they look more like regular. I mean yeah well. I'm wondering because you're the things that you're saying like the whole selling point of these. Solar roofs is that they look just like regular uh roofs. But then as you start to do things like double the size of the shingle. Yes and change the materials. You could easily kind of iterating your way away from looking like a normal roof and starting to look like a solar roof. Yeah they they stayed. I don't think there are many roofs that look like this currently in the current design. They still claim that they're gonNA do like a more Slate type one another one. That looks like a terra. COTTA TERRA COTTA. It was the one that in on wisteria lane. They demo and I think they do still plan to do that but they are going to keep ramping. rampling them up and the other kind of important thing is that They plan to partner with roofing contractors in connect six months or so actually certify them to install the solar roof and they hope to be scaling up to like a thousand roofs per week worth of capacity by by the end of the year. Oh so they've learned their lesson about estimates than in there they've released. Yeah but a thousand roofs like that. Those each roof is about about the price point of a car. So that's that would be. That's actually going to be quite significant. And this is what he was saying on the call that I wanted to reiterate. was that someone someone asks of everything that's happening. In the Tesla business. What do you think is.

"gigafactory shanghai" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

03:17 min | 1 year ago

"gigafactory shanghai" Discussed on WBZ NewsRadio 1030

"Public defenders and community groups here in the state are planning to file a federal lawsuit to block immigration agents from resting undocumented migrants. In state course were this afternoon that. Attorney general rod Rosenstein has submitted his letter of resignation to President Trump Rosenstein, directed special counsel, Robert Muller's ongoing investigation into possible Russian collusion in the twenty sixteen US presidential election. He will leave his post on may eleventh law enforcement called him the cubit of chaos WBZ's Charlie Sherman tells as Michael Middleton is now known as a bigamist the old Middleton who pleaded guilty to bigamy married. Women in New Hampshire, Georgia and Kentucky over the course of ten years with his victim saying he made them feel special and then stole their money in Dover. New Hampshire courtroom today. Assistant district attorney David Rotman Reta victim impact statement from Alicia grant of Dover. Who said she thought she was getting a life partner, but ended up with six years of pain and misery Middleton was facing up to seven years in prison for the bigamy charge. But a judge ordered him to a twelve month suspended sentence. Meaning he will avoid time behind bars. I'm charlie. WBZ Boston's NewsRadio accord house in Bristol, Connecticut is on the block. It's a cost cutting move. They Connecticut judicial branch says a court handles a little more than one hundred cases a day mostly misdemeanors and low level felonies starting on August thirtieth. Those cases will be moving to New Britain increasing that courthouses workload by seventeen percent. Meanwhile, the mayor of Bristol says she's been sure no jobs will be lost. As a result of this move. Tesla is looking into other ways to pay for projects down the road more on that from CBS news business reporter Jason Brooks. The electric vehicle maker disclosed in a regulatory filing that it may look for alternative sources of financing, although maintaining that generally expects that the business will generate enough cash to fund debt and investments over the next year. Tesla also disclosed it expects most of the financing gigafactory Shanghai to come from local banks in China the company's cash by forty percent in the first quarter to two points. Two billion dollars. It said it expects capital expenses to hit between two and a half and three billion dollars over the next two years. Tesla's stock by the way closed up almost three percent higher today on the NASDAQ Marvel's captain America, inspires the latest pranksters at MIT in Cambridge WBZ's. James Rojas tells us the school's great dome. Got a patriotic makeover avengers. Then game isn't the only thing. Distracting MIT students from their exams sitting atop the dome, what appears to be an old military surplus parachute. Painted red white and blue to look like cap shield. Amazing. This thing how'd you rate this one nine point eight nine point eight point five. I think it's kits keep up with modern times. But this guy says the old cop car on the roof pranks still tops. This was by far the best pray. I've been here for fourteen years, and this is a little snooze to me. Ambridge James Rojo stubby Z. Boston's NewsRadio.

Tesla Michael Middleton Robert Muller President Trump Rosenstein MIT Connecticut Dover Alicia grant Bristol New Hampshire Cambridge WBZ Charlie Sherman special counsel US Attorney Boston David Rotman Reta James Rojas New Britain
"gigafactory shanghai" Discussed on The Tesla Show

The Tesla Show

04:09 min | 1 year ago

"gigafactory shanghai" Discussed on The Tesla Show

"You're not gonna get our dream of the pigeon wing doors. Right. We may not be getting that. I think that's probably one of the biggest question marks. But I think it's in my mind. I would say it's like two to one. No, you think it's that high. Wow. Not not having them. Yeah. I guess thirty three percent, right. Yeah. Yup. Domestic. And the model y production line should be substantially lower costs than the model three line in Fremont. And they expect the ramp should also be faster. And I think what they'll probably do. Honestly, is you know that tent that they did to produce the the performance vehicles. They were targeting around two or three thousand cars a week for those eventually. I think that they will basically do that for Mano y to begin with. And then start building a a more full production line based on sort of a hybrid of what the more automated model three line and Fremont is gardening. Lot prototype is what you're saying. Yeah. What they're doing at gigafactory Shanghai. I think there's going to be a lot of shared sort of components that are all going into this sort of Shanghai factory. And the muddle y one I don't think that's going to be a surprise that Malwa is going to be quite similar, and you know, they've they've finished, you know, they finish the design of it. And so now the question is when are they going to show it off? And the biggest hint I have for this is. I really don't think they want to cannibalize model three sales. Yeah. So I don't think they wanna show it too soon. No osborne. No osborne. Effec- no, Osborne computer affect and they believe that the demand from Ottawa will be probably fifty percent more than model three. So that makes me think that especially when you see the model three is out selling a lot of these premiums SUV's that a lot of people who were buying model. Three now are doing it because it's sort of the only option in this price point for this quality vehicle. But as soon as you really see him on a wine start lusting after it. I think people might delay. So. Yeah. It was good that that that model that likes sort of small SUV model is where some of the other luxury companies like Jaguar Audi is coming out with one as well. Where that's that's the first thing they're hitting. That's where they start because they they know they know the market, really. Well. Yeah. So I think it's going to be the summertime instead of March like has been talked about I think it will be the summertime and the other hint I have on that is. Alon mentioned the pickup truck on the curling earnings call and he said, we might be ready to unveil that this summer. It will be something quite unique unlike anything else, and so I think if they unveil that it would be at the event that they're planning for model y as a bonus, oh is the is the pickup truck gonna drive in. And there's going to be a model wide in the back of it could be. And so I think if there if he's saying that this summer, I don't think they would do a special event just for the pickup because it's so far away. The pickup truck is not ready. Or is it I don't think. So they're not talking about that in the in the lineup in in the sort of capital expenditures for this year. They're talking about semi, and they're talking about model why they're not talking about pickup or roadster. And so, but but also I don't think that people who are want to buy a pickup are going to be cannibalizing model three or model, y and so it's safe to show it off just like it was safe to show off the roadster. Right. And so if he saying summer, I think that would be piggy piggy backing off of an event they're planning for summer for the for the model. Why it gives them six months for reservations? And then they start deliveries early in two thousand nineteen and there's like no noone competition for right now to obviously like Ford and Chevy or probably working on or General Motors or whoever are working on these things. But there's nothing out there. Like, we know the Audi e Tron or whatever it is is like coming ramping up, and we know the pace is the face..

osborne Fremont Audi gigafactory Shanghai Alon Jaguar Audi Shanghai Mano y Malwa General Motors Ford Ottawa Chevy Effec thirty three percent fifty percent six months
"gigafactory shanghai" Discussed on World News Analysis

World News Analysis

05:17 min | 1 year ago

"gigafactory shanghai" Discussed on World News Analysis

"In in. Terms of technology and financial services. So I think those are positive time. And so David asks will the FDA I if I'm not mistaken, I remember that international lay FDI was on decline last year. But on the contrary China has seen an increase so far the FDR environment in China is rather healthy. So we'll get another boost when this law adopted, I think well, obviously would help overall the overall sentiment from foreign investors into the clarity of their decision making how will be treated once the capital gets onshore. I think there's been many different issues that we've talked about on this show and others. But the main point here is is this helpful to the overall picture as as decision makers make these decisions are like like stain was not just short term, but medium and long-term issues as well with the lag effect and. You can see that from the numbers where there it's still has not drop down compared to other countries. Eighteen versus previous years. And as a what do you think is the outlook for the FBI in China this year, I'm positive about it? There have been some major project starting on day, the type company just started a gigafactory Shanghai. And also are there several large infrastructure projects that has spoiling masters involved. That's the pipeline. Also, I think China's asset price relatively at relatively low level right now though for many investors, if not about time to get into China and David so what do you think is for FBI? I think it should have based on the legacies a strong showing. But I think in the middle of next year. They'll be the lag recycle starts show. And they'll be some some more concern cause for concerns from overall sentiment. But I think. In general. I think my opinion as knock onto where it needs to be. It's still quite high on a comparative basis on a global scale, David Ye agenda to fester funniness at New York University, Shanghai and one Dan analyst Economist Intelligence Unit. Speaking was Joey on come you up? Shinzo Ave vows to restore relations with North Korea. And he has ties was China. You're listening to today's stay with us. I am on Koch idea. I teach at the university in today has organized its programs, and it says on bringing in a lot of views from all over. It is an extremely good platform for information and analysis, and I wish it all success in the future. You're listening to today. I'm joing Japanese Prime minister, Shinzo Ave has pledged to resolve postwar historical issues, including territorial dispute was Russia and white ranging policy speech on the diplomatic front Ave says he hopes to pan and China came in Tang the current momentum and continue team prove their ties. He also says it is important to create a viable social welfare system and deal with the impact of a planned techs hike for more on those my colleague sui earlier spoke was young research. Fellow was trying to institute of international studies. I all diplomatic issues. Prime minister Shinzo Ave says he is determined to solve the decades-long territorial issues with Russia was for all. Although both state leaders have shown political will to do this away understand. There are still challenges. So what other sticking points when it comes to this issue? I think both Japan the rush. Have intention to solve the territorial views forty Petri Hiber up to now. I don't think that are tangible task to was the mutually accepted goal simply because mouth at the positions Moscow's Parisian and Tokyo's once remain far apart so up to now they only both both sides only showed sincere intention and determined dependent determinations. But no concrete solutions we can't patch. That would be a warm day is summit king and your future. But I cannot see the probability of the table progress. It's was the root of views solution after territorial disputes for the Petri. I think Ave we'll keep taking the new as his top priority of diplomacy..

China David Ye Joey Shanghai FBI Russia New York University FDR Petri Hiber North Korea Moscow Prime minister Dan analyst Economist Intellig Japan Koch Fellow sui