Tesla released its first quarter 2023 financial report and had 19.3% auto gross margin. Energy storage increased to 3.9 Gigawatt hours which is about 1000 megapacks in a quarter. The Energy revenue increased to $1.5 billion in the quarter.
Tesla’s near-term pricing strategy means having less current profits for more a long-term profits given the potential lifetime value of a Tesla vehicle through autonomy, supercharging, connectivity and service.
In Q1-2023, Tesla Model Y became the best-selling vehicle, of any kind, in Europe (EU + EFTA + UK).
Total FSD Beta miles driven is now over 150 million miles to date.
The Lathrop, California megapack factory has been successful with still more room to reach full (40 GWh/year capacity). Tesla recently announced their second 40 GWh Megafactory in Shanghai. These two factories would ramp to 80 GWh/year which is 20 GWh per quarter. Fully recognizing the revenue of the energy will be about $10 billion per quarter for two fully ramped factories.
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.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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Batteries are too expensive for bulk grid storage. See gkg study:
https://gordianknotbook.com/wp-content/plugins/pdf-poster/pdfjs/web/viewer.html?file=https://gordianknotbook.com/wp-content/uploads/2022/11/atr_nuke_germany_v5.pdf&download=true&print=vera&openfile=false
Lots of economic headwinds in the world right now. Hard to stay optimistic.
Shrewd, focused investors see buying opportunities. They know value, and that bad times are temporary.
I wonder how many people will sell their shares too soon?
Tesla’s have no autonomy.
Yeah they don`t have autonomy, but you can also say they don`t have a factory in Mexico although you bloody well know they are working on it , same with autonomy you bloody well know they are working on it.
Your bloody well right and you have a bloody right to say
They are dead last in autonomy.
Kinda like Microsoft/OpenAI and Google/DeepMind don’t have AGI – but I think it’s pretty obvious to anybody that pays attention to tech that current R&D is on a fast track to producing it within the next few years. Tesla has made consistent progress with the same big data driven NN approach – going after the machine vision issue central to all robotics. Tesla hardware 4 is coming online, Dojo and new generations of NN training hardware are coming online, Tesla uttterly dominates access to real world driving data, V11 of FSD is full stack, wide release and proving to be nearly at goal. It will take a bit longer to get regulatory acceptance but it will be a world changing revolution.