Tesla had their earnings call.
Highlights of the call:
Year-to-date order demand is over double production levels. This is due to increased demand from the price cuts.
Tesla is splitting the Nevada Panasonic battery tax credits. Assuming 50-50 split this would be about $150m per quarter. This will increase to $250 million per quarter from tax credits as battery production increases.
Tesla should stay above 20% auto margin in 2023.
Tesla Dojo AI training supercomputer should be superior to Nvidia GPUs in 2024. There is a 10X potential improvement in AI training.
When FSD is fully solved there will be a magnitude improvement in the asset value of the Tesla fleet of cars.
They had 2.46 GWh in Q4 for energy deployment with about 12% gross margin.
They had 25.9% auto gross margin in Q4.
They have 400,000 users of the FSD (full self-driving) beta.
The compact car / robotaxi platform will be shown at the March 1, 2022 investor day.
$1.4 billion of negative revenue and $300 million negative impact on expenses from foreign exchange impacts in the quarter.
They guided to 1.8 million cars in 2023, which hopefully is a rock-solid sandbag number that they can easily beat even with cushion for bad macro-economic or supply chain problems.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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