TT 192 2020 Q4 Earning Call
January 28, 2021
FOOLYBOO
- Financials
- Margins miss by about 20%
- Zac: one time charges
- Employee Stock increase and Stock based compensation
- Bonds coming due which converted to stocks
- S and X refurb
- If excluded above, would be better than previous quarter
- Risks for this year: Global Semiconductor market
- Other Covid impacts could affect them
- Could look at Tesla as revenue/cell output and it’s value as a company
- They’ll excel because of efficiency and want all cell manufacturers to produce and sell to them.
- Will buy as much as they can send
- Regulatory credits could be the same could be lower
- Growth
- Expect 50% growth for the next few years or more
- Elon: The market undervalues FSD revenue still
- Because of cash on hand, will move faster on:
- Service centers
- Superchargers
- Manufacturing
- ?Products?
- Some human capital limitations but still expect above average growth
- FSD
- Status
- Still moving towards 360 Cameras views for all parts of the code
- Things are on track
- Expanding the beta program
- Regulatory
- China will be allowing level 5 later this year
- EU is barely allowing level 3
- US is taking a wait and see.
- Looking at quality of software before going forward
- Have had inquiries from OEMs
- Willing to sell the tech
- Will be selling access to DOJO when the time is right
- Version 4 HWD sounds done
- But expects this chip to be able to do everything he has promised
- Thinks introducing it now would cause confusion
- Will be 3x faster and user better cameras and more power efficient
- Battery Advancements
- Costs are in line with projections
- Won't get there for a 3-4yrs (seemed to sandbag a bit there)
- Ordering 200gw/h of equipment expect 100 gwh next year
- Suppliers are still being asked to make as much as they can and Tesla will buy them
- Prelim discussions on 4680’s made by suppliers too
- Service
- Gerrome: The best service is when it is not needed
- Would like to get Tom not to borrow tires
- 100 out of 140 centers can get an appt in less than 10 days
- 40% are mobile in North America
- 50% of all appointments are done in 2hrs
- App is better than a phone call
- Has a written record for every one
- Can send photos
- Payment
- See where your tech in in the process of getting the car done
- CyberTruck Info
- Volume prod in 2021
- Will use a 8k ton press for castings
- Order parts and machinery
- Engineering done
- Electric Van
- Nice idea but not enough cells out there.
- Would like to eventually do a sprinter type van
- Model S/X
- https://www.cnet.com/roadshow/news/tesla-model-s-ev-sedan-refresh-interior-debut/
- Noticed touch controls on steering wheel
- Blinkers even!!
- Dash seems to have air quality
- Back seat screen
- Seats seem te
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