Fun Fact: Did you know the #Cybertruck's exoskeleton is made of Ultra-Hard 30X Cold-Rolled stainless steel? The same material SpaceX is using for the Starship rocket! 🚀🚗
Tesla price moves likely has the following components:
🔺Clear out Inventory (specifically inventory on parts that will no longer be needed down to 0. remember Tesla is moving to warehousing rather than just in time parts delivery) in advance of Highland 3 and with other production/design innovations like the new electric powertrain moving into production (note the Hairpin motor of the cheaper powertrain already appeared on Paperwork Tesla filed with the government in Germany)
🔺Dual Castings cars remove parts and steps & cost less to produce, in less time. Tesla has more structural pack battery deals in place (CATL Shanghai, BYD Berlin, 4680 US) and will be producing more cars with dual castings. The new electric powertrain is also cheaper. Highland Model 3 will be significantly cheaper to produce. Tesla always passes on cost improvements to consumers.
🔺 Model 3 Highland appears to be imminent with Tesla Shanghai laying off battery pack assembly workers from 1 of 3 assembly lines. Note CATL will be supplying assembled structural packs (announced by CATL, but not Tesla). CATL is a Tesla supplier on the impact report.
🔺 Tesla is managing pricing towards the end goal of what S3XY pricing will be once Highland is released. All the prices in a manufacturers product line up need to make sense together, IE a Model 3 can’t be more expensive than a Model Y (even though it has cost more to produce) and similarly a Model Y can’t be 20K more than a Model 3 unless it offers 20K more in value. The Highland will cost less to produce and is likely planned at a very attractive price point, which will impact the overall lineup.
🔺Logistics management. Tesla is flattening the delivery wave. Small price cuts can sell more vehicles local and therefore reduce Tesla’s delivery costs and ease logistics. Tesla said small price cuts generate a high volume of orders. And small price raises do the same (FOMO of having missed the lowest price).
Your main point is why EV education will be needed as Tesla produces dramatically more EVs and increases TAM. This tweet on Why advertising? though may be misread by some as indicating a sudden lack of demand—patently false after Tesla’s record quarter with Model Y likely remaining the World’s Best Selling Vehicle for the first half of the 2023.
I wrote a bit of a guide to ChatGPT’s Code Interpreter, which I have found to be the most useful and powerful mode of AI.
It is, like every product made by OpenAI so far, terribly named. It is less a tool for coders and more a coder who works for you. https://t.co/70NANv5u2n
@Stambush@squawksquare It’s his money he can do whatever he want with it. I think as the macro environment gets better and the Fed stop raising interest rates and tesla keep growing we will tesla hit all time high again.