30 Jan 2020 | Top 10 Elon Moments From Tesla Earning Call

Show #682



Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Thursday 30th January 2020. It’s Martyn Lee here and I go through every EV story to save you time.



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1 - Same as Nummi factory when it was in Fremont. Expecting to exceed it this year as they'll be adding Model Y. Love for Shanghai with the battery production getting a mention. Model Y is in production, with 4.1 MPkWh giving an EPA rating of 315 miles. How the Cybertruck went viral, never seen a level of demand like it, making as many as they can. The product is better than people realise. 2019 a billion dollars free cash flow, whilst building Shanghai and Model Y massive investments. Model Y , Giga Berlin, Tesla Semi, Solar Glass Roof, Cybertruck, Battery Improvements, FSD, next gen Roadster - hard to think of a better roadmap.

100x more cars in 2020 than in 2010. 500 to 500,000.



Zach Kirkhorn: new and organic demand for Model 3. Increase in average selling price. Learned from Model 3 and new capacity is on board with less cost - Shanghai Model 3 and Fremont Model Y. Improvements in recurring revenue, beginning of updates via the app. Model Y this quarter! Higher gross margins on Model Y. Shanghai Model 3 will have local supply chain to lower cost. Warning about the car industry slowing down every Q1, and two big product launches.



Elon 2 - Car sharing will start before they are autonomous. Tesla Network.



Elon 3 - Insurance will be a major product for Tesla, and this is why.



Elon 4 - this is why Tesla needs to build more Gigafactories, and make the cars closer to where the buyers are, rather than one factory in California.



Elon 5 - the 18650 vs 2170 cells. It's really just a form factor because the chemistry has changed.



Elon 6 - Cybertruck, they have way too much demand to fulfil quickly, they want to increase battery production capacity because it's fundamental. Elon keeps dropping hints about this. Battery day is April. 2000GWH of production a year. Elon tweeted in April that 35GWh/yr was their theoretical capacity was at two thirds of that. IN May 2016 at the Annual Shareholder Meeting Elon predicted it would operate at 150GWH/yr.



Elon 7 - a new, more humble, uncertain Elon. We're not sure what Model Y will do to Model 3. Check out the phrase herky jerky s-curve! Impressed with a Model Y teardown - Elon starts to freestyle!



Elon 8 - and the key. Autonomy is the key to making the most of the customer base.



Elon 9 - on efficiency of powertrains. leading by a country mile! Plaid powertrain is mind blowing. End of the year is later than planned. But he describes it as alien technology from a kickass hardcore engineering team.



Elon 10 - Tesla can demonstrate massive growth, doing what the other car companies are finding hard. Kind words around Panasonic, with an official comment on the CATL and LG Chem partnerships. Being SUPER deep on batteries. Man do we know a lot about batteries, jeez. Their new tech blows Elon's mind, it's going to be pretty cool.





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