Today’s Nuggets
Are the Model 2 Rumors True?
Lean & Mean Production Strategy
CyberCab App Revealed
Optimus More Valuable Than Everything Else
The Free Cash Flow Machine
Everything Else is Dead!
Number One Energy Storage Provider on the Planet
Heavy Investment in AI
Curves Going Vertical!
Largest AI Inference Fleet on Earth
This one kept me awake all last night!
I will break down the top 10 things you probably missed or did not pick up on from the earnings call.
These are stunning revelations that I had to take 24 hours to try and process…
This earnings call was full of game changers and we are bringing stuff that we expected to happen in three years forward to hit in 2025!
This image is a blast from the past: I attended the Cybertruck event in Austin, TX last year.
I walked through the gigafactory floor twice and it blew my mind!
I created a mind map identifying the Top 10 Shockers revealed from Tesla's earnings call.
I will break these down one by one and reveal my key takeaways…
A lot of the market was fearful that Tesla was going to give up making a ‘Model 2’ and just produce a straight Robotaxi.
However, not only are they still producing a Model 2, but they are also accelerating the production timeline, possibly for other models too.
In addition, they are integrating next-generation and current platform technologies on existing production lines and aiming to exceed 3 million vehicle capacity with their existing infrastructure.
The emphasis is on Tesla's efficient use of infrastructure to meet production demands without the necessity for new factories. It seems that they are going to pause the Giga Mexico development and focus on maximizing their existing infrastructure as much as possible.
This table reveals how they will reach three million production capacity, with an emphasis on remaining lean and mean. I know for a fact that a quarter of the floor of the Texas factory is devoted to the Model 2, as testing is already underway!
On the call, they also hinted at the capability to roll out multiple cars on the same line!
A new nugget that emerged on the call was that they are now calling the Robotaxi the CyberCab.
The August 8th unveiling date is still the target.
They spoke to the fact that some of the fleet will be company-owned and Tesla owners will buy some. Elon expressed that the business model will be a hybrid between Airbnb and Uber.
Elon addressed the fact that many people would be concerned about lending out their cars to potentially bad characters.
The app could also supply restrictions that you could set to only lend to 'five-star drivers' or only to lend the vehicle during certain times of the day.
You can also use the technology to lend the vehicle to friends and family, such as to pick someone up from a soccer game.
All of this can be configured in the mobile app that has already been designed.
FSD OEM BUYER:
The discussion around Ford potentially licensing Tesla's Full Self-Driving (FSD) technology has been a topic of interest among industry observers and enthusiasts. Tesla CEO Elon Musk has expressed openness to the idea of licensing the FSD technology to other automakers, and there's speculation that Ford could be a potential buyer.
During a Tesla Q1 2024 earnings call, Musk hinted at discussions with a major OEM regarding the licensing of FSD, which many believe to be Ford. This speculation is fueled by various factors, including Ford's adoption of Tesla's North American Charging Standard (NACS) connector and the general positive relationship between Tesla and Ford in the past.
During the earnings call, it was big news that Optimus bots would be working in the factory doing useful work later this year.
Remarks were made related to the potential external sale of…
Optimus robots by next year! - emphasizing its revolutionary impact on economic scales and efficiency.
The bots are coming, but the question is, who can make the best one at scale with the most capabilities?
People think this technology is 10-20 years into the future but
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