8 Key Takeaways From Tesla Investor Day
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- เผยแพร่เมื่อ 22 พ.ค. 2024
- ➤ Analyzing the major takeaways from Tesla’s Investor Day
0:00 Overall thoughts
1:41 #1
3:29 #2
7:30 #3
9:14 #4
9:37 #5
10:46 #6
11:03 #7
12:11 #8
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Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Michael Pastrone
Executive producer Richard Del Maestro
Executive producer John Beans
Editing assistance by Jasem Ashkanani
Music by Evan Schaeffer
Image(s) and/or footage used under license from Shutterstock.com
Disclosure: Rob Maurer is long TSLA stock & derivatives - วิทยาศาสตร์และเทคโนโลยี
I have turned off all the other channels. Tesla Daily brings me joy.
tesla: it's not about the machine, it's the machine that makes the machine!
Wall Street: where's the car?
Wall Street doesn't understand that at Tesla, the factory comes first.
"If you didn't hear anything new, you weren't listening. It's as simple as that." Thank you Rob. Very succinctly stated.
Yes. I would add that some people might not understand what they heard, or the significance of it.
it's clear as a day that many people wanted to see the product instead of hearing about their progress in process. But they fail to recognize that cost-reducing process without hurting the product is what makes SCALABILITY possible. 2050 slogan: Earth, powered by Tesla! 😂😂😂
I can’t believe you put out a video after last night. That’s our Rob!
Needed to ignore the disasters of the meeting and pump the stock for no reason. That is the Tesla fanboy club.
@@thoos192 Said no long-term thinker ever
The panel at Clive needed you speaking more!
As I have pointed out on other forums. The format of the event was done to highlight the fact that Tesla is inundated with talented people who are committed to the goal.
Tesla is a lot more than Elon. That Elons absence while at Twitter, Nuralink, The Boring Company or SpaceX is not necessarily a bad thing. Sometimes, if you have top flight people, the best thing a boss can do is just get out of the way and let them do their jobs.
True for normal companies but not for Tesla.
A good master plan at all levels helps sync everyone up!
This seems overly optimistic. If Elon is good at his job (including getting out of the way when he needs to), then the more he does that job the better for the company. If he isn't then Tesla has bigger problems than his adding one more distraction. You can make the case that Twitter (et al) don't distract him *much*, or that these projects are all important enough to the world that we should be glad he's doing them - but painting them as a net positive for Tesla is unreasonable.
@@sashacooper9326 Either way, if people don’t understand the talent and culture that is inside Tesla they should sell their shares right now.
One has to be a moron to think Elons lacking attention will lead 130k employees to go mayhem.
The same was true for when JB and Andrey left the company. It’s fine, they aren’t the only smart guys at the company.
We never had those discussions inside the Tesla community back in the day (pre 2019) when the community were people that understood all of that. They knew more about the company than headline articles and youtube clickbait. Now that people joined that don’t do their due diligence and only jumped on a hype train we suddenly let narratives of the mainstream media dictate what we talk about. It’s a joke.
3:48. "If you didn't hear anything new, you simply weren't listening" Yes it's as simple as that.
There was that 48V note! Good to see Tesla moving forward on upping the voltage which will make the harnesses cheaper.
Not necessarily cheaper but lighter. For Tesla its cheaper. For VW whose harnesses come from Leoni not so much.
Totally agree. William Deming strikes again!
Yeah - really pumped to also hear that this will be on the Cybertruck coming out this year, not just on the "next gen" platform that's 1-2 years away.
So much more of a thoughtful retake on the event. Kevin let his hopes blind him to this level of detail.
Why does anyone watch Kevin? Rob is the man.
Is Kevin the shifty dude who ran for governor?
For all you know , Kevin would be doing for clicks/attention , he is not that dumb.
Kevin is a child.
Kevin is a donkey, he does it for attention
I also liked that all the leaders said how many years they've been at Tesla, poking at the rumors that there's a lot of key member churn at Tesla.
The presentation was mind blowing. You did need to listen closely and be observant. But if you did, you saw and heard that Tesla is ramping up to a whole other level. The other good thing is we actually saw and heard a lot from Tom Zhu.
Rob great job last night. It was a fabulous presentation. Smart people for sure. Rather than a flashy vehicle they laid out why production will ramp quicker & margins should remain high as well. Incredible stuff
Thanks Rob
Your insights are always what I wait for when the day comes to a close. Great to see you on the panel last night!
Agree completely. Investor Day was a tour de force presentation for institutional investors who only own 46% of the stock v.s. institutional ownership in Apple (61%), Microsoft (74%) or Google (79%). I think it also answers the key-man concern of Gary Black in that if Elon was hit by a bus the bench is deep, very broad and Hyper focused on the mission. It also clearly shows the deep internal team integration of design, manufacturing and suppliers to efficiently produce high quality products at low cost.
This is all rooted in the design, engineering, manufacturing and hiring philosophy of Musk. Something very hard to create in a legacy company with their established fiefdoms. I think there is high probability they will get to 20M vehicles by 2030. In addition, I think the increase in battery production for stationary storage products for both homes and utilities will make Tesla a lot of money while doing the same for their customers and reduce CO2 generation.
Stock results of selling should have been expected, but people always want a bump. This discussion and Sandy / Cory’s reaction are what matters to me (working to much to have watched the event yet!). Good channels like Robs will break price from this and analysts like Pierre F will get bits to media that they missed. Thanks Rob.
Good insights and analysis, Rob. Well presented. Thank you.
One point I would add is that the depth and experience and longevity of the staff was on full display, and I’m sure that was intentional. Message: Tesla is not a one-man show. If your gonna change the world, you need end-to-end talent, and they’ve got a hella good group.
The thing I love about all of Tesla’s presentations is that no marketing or sales people are doing over-rehearsed sales presentations. You are hearing directly from engineers who are talking about what they do, and they are clearly fascinated with what they do. Mission-driven. Dig it.
I watched this from engineering perspective, because of my engineering background. I was actually feel amazed when I listened to it, especially talking about Teslabot, manufacturing processes. Teslabot even gave me some goosebumps when I see it.
In the other hand from financial standpoint, I once had question on how could they make cost reduction on vehicle manufacturing? Because there should be some limitations on material. I think I got the answer from Zach Kirkhorn. How to improve the manufacturing quality while reducing cost in the same time? That’s important one.
They explained the cost reduction part too. It's mostly simplification of the design, elimination of parts and processes, improved logistics, more vertical integration, cheaper materials, improved processes, and more automation. Most of the cost is still labor, so simplification and automation are very important.
I think those with an engineering bias are better positioned to understand these presentations
My points were 48V internal power, unified harness with local controllers, change of order of production, 240TWh batteries, i calulcate with 300TWh PER YEAR! 85 PBh - yes i concur, 10 trillion US$ - not enozugh, its more like 20trillion investment with a 15 trillion ROI in 20 years. After 20 years the cost of living would be 25-30% lower than today, self made semiconductors, 5% of all semiconductors for Tesla, 20 million cars per year goal which is more than Toyota and VW TOGETHER, corrrecly stating that material, raw material is no point to discuss, but refinement of products is, the removel of rare earth metals in the motors, change of motor construction, future model fits with every battery type - INCLUDING NA+! and its drivetrain costs less than 1000,--
Teslabot is funny but not important. FSD is necessary but not ready for prime time. Dojo needs more time and refinement. Obviously.
@@danf3607 Only if the keep an open eye. Not if they continue to live in their own echo chamber. Just look at Toyota, VW, Schäffler, Bosch.
@@wolfgangpreier9160 I think Teslabot is BY FAR the most important, EVs are still just cars even if they drive themselves (eventually) but humanoid bots radically change our entire existence.
Staggering fast rate of improvement and priority to reducing cost looks awesome!
"If you didn't hear anything new, you just weren't listening. It's as simple as that." - Couldn't agree more!
Best break down I see so far of Iday. I fking love it
#2 was big. I felt as if it was a stupid bet to tie the next car to FSD but i assumed they must have considered it. Glad for the confirmation.
Rob, I really enjoyed the panel you were on, it was a lot more polished than we've seen, David kept his hype hat off and it was a better field than what it would have been with Gali there. Your product knowledge and technical knowlege about EVs and Tesla makes you an expert on par with these guys, congrats on getting to this point. I've been following your journey since you started, and it's great to see you come this far.
Cyber Truck, minivan, and hatchback model will be game changer!!!
Love how you put things into the proper context
To put the Texas charging subscription into perspective, I spend £230 a month (nearly $300) on overnight charging at home in the UK
Thanks Rob. So nice to have non speculative coverage. Too many in the community have become impatient and want everything now.
yesterday was not about specifics. however they have given enough info to show you that they are making everything sustainable starting from Energy usage.
It was NOT about cars.
I agree with Rob. I was amazed at the presentation and if they are where they say they are, then in 7 years they are going to be at least twice the size of Apple.
The way they have integrated the whole manufacturing process from design through to the end product including the factory is astounding. Designing a car to improve the layout of the factory for greater efficiency is unheard of and a revolution on the same scale as Henry Ford's production line.
Tesla's competitors must be wondering what they have to do to stay in the game. If Tesla successfully execute master plan 3 then it is game over for the major auto manufacturers.
After tuning into Tesla livestream, everyone went to bed and thinking to themselves: “I’ll wait to hear how Rob will tell me how to think about the event” 😂 j/k. Rob insights are superb and I’m always grateful that he willing to share so openly ❤️
I am fairly convinced that the new energy product is the Home AC system. Two covers, one piece the part in your attic, the other piece is the part outside the house.
People complaining are just traders. They don’t see the big picture and don’t understand the crazy engineering happening here..
Or they are simply more skeptical than you are.
The Tesla presentation was both epic and awesome! The people who thought it was blah are not paying attention. There is no other company growing like this. Their dedication to efficiency is unheard of. Their annual growth rate is unsurpassed. Not only that, but they're totally dedicated to a higher goal to benefit all of us. I was beyond impressed and am staying in for the long-haul!
Thank you Tesla team for your integrity, genius and hard work!!!!
Share holders since 15 I have never been more bullish and excited!
Same here. I bought 600 tesla after the 6% drop.
'17 here - I was also relieved they clarified they're also thinking non-FSD roadmaps, and became more excited from this event. But honestly, I was even more bullish in '19 since Tesla was incredibly underestimated at that time.
I loved the fact that Lathrop megapack factory was just a converted warehouse the quickly converted. That cuts a year off new megapack location construction times.
I'm glad you're as impressed as I was, with what Tesla have done and where they are going. It's great to buy into a company that's doing so much to help save our planet, but I also can't see another company that's such a good investment. Truly mind blowing that the stock went down, but it's what I've come to expect.
Saving the planet 😂. Wake up man…please
Yeah, that's what we get for investing in a company that has a whole lot of people that base their decisions on social media. But what the hell, it's a great company with insanely good fundamentals so why complain about a little free entertainment. 😁
@@thoos192 It's ironic how alternate reality people call other people sheep and call for them to wake up.
Its very impressing what Tesla is doing,but Toyota is even way more impressing!Why dosent he talk more about Toyota?They are extremly amazing!
The amount of gems Tesla dropped in this presentation was quite insane! All what has been said is actually very very and I mean VERY exciting going forward! Thanks for breaking it down and shining some light on the highlights Rob!
Great summary as always Rob, thanks!
Tom Zhu has said he wants to try and get Mexico built and producing cars within 9 months (beating Shanghai). That would be amazing but of course I expect ramp to be slower due to all the new methods they are deploying. They could have just done more copy+paste of existing factories and played it safe but they are going the extra mile to achieve even more scale/efficiency. I'm super excited after seeing their plans.
My thoughts exactly. I suspect you have actual experience with manufacturing.
My watch group was cheering for you last night!
I found it puzzling how the stock seemed it was going to be all over the place today but instead locked at a very tight 190 point.
It seems TSLA will be fluctuating right around the big 200 wall for a while in this distressed economy.
Stock was pretty weird. It dropped 2% after they said no car will be announced today, and then another 3% which what I assumed was because there was no factory announcement. Then prior to the Q&A they did announce not only the Factory, but the fact it would exclusively produce the next gen vehicles too, yet the stock not only didn't recover at all, but actually fell further down in the PM. Honestly sometimes it's a bit hard to guess what people selling the stock are thinking. I myself took that gift. Was going to buy more Tesla shares with my febuary salary anyway, now I was able to do it at nearly 7% discount which was pretty nice. Basically allowed me to buy an extra share compared to 1 day prior :D
@@LunnarisLP i missing the boat ten years ago and now the stock is running on all four, glad to see it take a break before it gets hysterical again becauae i would like to average up my cost basis as little as possible
Have you been watching the VIX? Over the last week the risk assessment in the market has been bonkers.
@@LunnarisLP It had something to do with yesterday and today being the selloff day for shorts... analysts explained it but I didn't understand.
You have to invest in Tata,not Tesla!You make everything wrong!
Rob.. you are the most believable Tesla TH-cam channel.. Your content is down to earth !! Keep it Going !!
Having a glut with all the investor day summaries, I find yours the best. Very concise and on the money, expertly picking out the relevant points. Thank you!
Thanks Rob
tsla almost always down after these talks
So excited about a Tesla Van
@8:00 rendering of Giga Mexico fits the name Highland - it also had docks throughout the middle
I'm happy the stock went down. Bought another 2.5 shares and am sitting on 190 now.
At 11:00 I’m pretty sure the “van” is the robotaxi. It’s built on the gen 3 platform but just a different body than the $25k car. It’ll probably use the same motor/battery pack/etc. as the car but with a bigger interior and more seats. In that graphic it’s in the same category as cybertruck based on production volume.
Most plausible explanation I've seen so far, good thinking.
Dave Lee said a TSLA exec basically confirmed a Van is coming when talking in person last night 🤷♂️
Something like the I D Buzz. or smaller? Interesting.
@@MomoDojo Cool, that's what I really want is a van. Of course, a van and a robocab have a lot in common.
@@MomoDojo The robotaxi could be the van. It would make the most sense for the taxi to have more seats/space for luggage, which the van form factor accommodates. Just change a bit of the trim and you can sell it as either a taxi or a van. The battery pack and gigacastings could easily be identical to the $25k car with how much Tesla makes the same parts fit everywhere.
Thanks for the 28 minute highlights from last night. Good stuff
Cheers to the exciting decade ahed!!
Thank you or taking the time to cover this. I want to keep up to date on all things Tesla.Over the last year I've unsubscribed from most of the Tesla focused channels. I will stay with you and hope to see your channel ramp up like Tesla.
3:29 #2 is SO compelling. They’re gonna blow legacy auto outa the water.
Dude you’re great. Thanks for sharing your recap/analysis
Rob the 1/16 efficiency comes from the power equation P=I^2R where the voltage is 4X increased (48V/12V=4 and 4^2=16).
Moving from 12V to 48V reduces the current by a factor of 4. Resistive losses are linear with current. So it is a 4x reduction in loss not a 16x reduction. Still helps a lot as a 75% is quite dramatic.
My understanding is:
Resistance (not resistive (power) losses) varies linearly with current (R=V/I).
and
Resistive (power) losses vary with the square of current (P=I^2*R).
So reducing current by a factor of 4 would allow reducing the cross sectional area of the wiring by a factor of 4 (75%), with the same resistive power losses.
or
Keeping the cross sectional area of the wiring the same, reducing current by a factor of 4 would allow reducing the resistive (power) losses by a factor of 16 (93.75%).
or
Some combination of the two, without the full benefits of both, just partial benefits of both. For example, 1/2 the wiring cross section, and 1/8 the power losses.
Assuming that the the resistive power losses were heretofore acceptable, Tesla would most likely just reduce the wiring diameter and save 75% on copper.
So your point that there would be a 75% reduction is probably correct, but in regards to to size of the wiring.
Good summary - THANKS ROB !
Other vehicle companies will be quaking in their boots today. Fossil energy companies will be quaking in their boots today. Oil and coal producers will be quaking in their boots today. This was a company flexing it's big muscle in public. They even have the funding secured to deliver. Truly awesome news for Tesla investors.
This was a company hyping itself up. Nothing much has actually happened.
Investors were disappointed but yeah other car companies probably felt a tang of anxiety…I was impressed and watched until end. Good to wait for your highly regarded opinion because you have the facts to back it up. Much thanks, Rob❤️
I think it's not even investors but mostly just traders. Tesla often has this buy the rumour sell the news kinda dynamic on their events, delivery reports and earnings. At the end of the day Tesla is still up pretty nicely over the recent months. I personally welcomed that chance to pour my Feb salary into some more Tesla shares.
I’m happy, this is How a company goes into the future.
The narrative is wrong though.
Traders were disappointed and left the stock. Who cares.
Short term investors were disappointed, they don’t understand what they are seeing. Who cares.
Long term investors saw Tesla giving us a plan for the next 10 years and a few glimpses of the current tech.
It’s apparent that none of the people being disappointed have ever watched something like this from other companies. They generally don’t do it (started after Tesla did) and when they do they are way more short term focused.
For "investors" the new shining color (Taycan), the new fancy windscreen wipers (Ioniq6), the new elegant front bumber (ID3) are important.
Not if our children can still breath in 50 years. Thats not important...
It’s mainly controlled by algorithms following certain key directives.
4 millionth car was good info too. Tom Zhu was smooth as silk handling the China related Q (and other factory info too) , these leaders made good to great impressions and showed breadth of talent - with detail and NUMBERS ... thanks for this one in addition to the supercut. You've been a busy lad !
thank you for a thorough summary!
Thanks Rob, another great edit. First 15 minutes are pure gold.
Terrific overview. And kudos for the best Cybertruck video to date. Thanks Rob
You the man Rob!! Thanks for doing this consistently
Great summary. Missed one. I was delighted to see a whole team present. Even questions went to them, not just to Elon.
Yes, it was a real team effort; emphasizing that there's more (a 100,000 times more) to Tesla than just Elon. Very encouraging.
I think that's a low bar. I thought the questions were pretty mid (except a few good ones). Would have been cool if there were more dedicated intelligent questions to each team member. That probably happened off-stage though.
Which vehicle do you think Franz was referring to when asked about his favourite design in the cnbc interview? Is it either a van or next-gen?
Point 9 it showed that Tesla has a cohesive management and leadership structure with a forward looking focus. All this whilst the skeptics are saying Tesla will fall apart with Elon is working on projects elsewhere. Thought the presentation paid good riddance to the so called Twitter Overhang.
I was glad to hear someone finally ask a question about possible impact on Tesla due to geopolitical tensions - Tom Zhu clearly replied that they don't know what could happen. This is concerning, but glad this question was asked. Often times when the future of Tesla is being discussed excitedly by investors, it should be borne in mind that is only possible if the world remains peaceful.
My view is that Tesla can't not be in China. Half of all EVs are sold in China. Also China's plan is to export EVs to the world and they can't do that if they've nationalized the foreign car companies.
@@danielstapler4315 I wasn't referring to China nationalizing the company. I am referring to the angry rhetoric and hysteria over balloons causing needless escalation. That unfortunately, is coming from the US side. It's the drumbeat to starting a new war.
@@fchau6019 I guess don't send balloons if you don't want more escalation? right ?
@@Notme-tq4xs Tell the wind to. not suddenly change its mind and start blowing in a different direction.
Awesome review. Thank you.
I suspect initially $25k model will not be sold in markets where current models sell, to offset Osbourne effect for as long as possible. Massive markets globally for cheaper Tesla before having to offer to current markets
$25k can be sold in lower average income countries in large numbers. Africa, Asian countries, Latin America.....
They can export from Mexico tax-free into Latin America.....
Thank you Rob…..a voice of reason…..always needed and appreciated!!
Great recap. Elon should have done this at the end of the presentation to reconnect the major points to the overall theme. As it was there was no payoff - just hours of detail that was only interesting to those of us who are already true believers. Someone needs to remind Tesla that ‘Tell them what you just told them’ is an important component of any presentation.
Awesome recap of an amazing event. There is so much to be excited about! As always, thanks Rob!
Thanks Rob! Enjoyed seeing you at the Bar with the rest of the lads! Liked to see the path to a "fully sustainable energy economy!!!"
Go Tesla Go!!!
Cheers
Great work Rob. As always
Rob, you are frankly the BEST Tesla expert I follow on Twitter!
Great summary, esp emphasizing the early part of the presentation. Concrete plans!
As usual, Rob cuts through all the FUD. My biggest take away I could sum in a few words: The “competition” doesn’t have a chance. They’ll never catch up with Tesla’s current generation platform, ever mind the next. And the CT prototype Rob did a short video on looks incredible. 2024 will become known as the year GM and Ford’s dominance in trucks hits a wall.
I wish they'd talk more publicly about the Chinese competition. American, German and Japanese car companies are pretty low bars to match in the EV space.
Not sure the competition can do what Tesla did in 2020....... until 2026+
Rob, Great job covering so much!
They gave enough hints if you look though the slides you will see it, build ur positions! Buy big dips and hold
Tesla did unveil a new product: new factory & manufacturing architecture. The factory is the product.
Where is that stuff today?
Thanks for this excellent summary Rob, much appreciated!
Greate video as always. Thank you Rob!
Thanks Rob. I watched the entire event and was very pleased with what I saw. Some people seem to forget that Tesla is still battery constrained and the shared focus is on keeping the existing car factories running flat out or as close as possible while working on other projects to increase battery availability. It's only once they've got the batteries they need that they'll introduce new products rather than developments of existing products. (IMHO)
Good summary- thanks, Rob! I had thought about going down to Clive's yesterday, but I am too old and fat to stand for several hours any more:-0 But I would have enjoyed a chance to meet you in person. The two things, out of many, that stood out to me- revamping the assembly line process, and the 48 volt system. These are ultimately even bigger than than the recently announed 1000 volt battery and charging system.
excellent summary Rob
Thanks, Rob! Appreciate your independent thinking and detail orientation.
Thanks Rob
It can’t get any better…..
but, it will.
My best take away, some folks will continue to either - A.) expect (premature) stellar announcements that will drive the stock to equally stellar levels or - B.) expect Tesla to fall over on their sword. The reality IMO is somewhere in between (hear the dice rolling, Matt?), but inertially closer to A. Patience, Grasshopper. Rome wasn't built in a day.
Great as always
Good take on the event, thanks Rob!
Great wrap-up Rob, thanks!
Awesome Rob. thanks.
Thank you Rob. Your summaries are amazing. Cannot be done any better.
I know it's just a demo, but I have a big issue with pulling connectors out by grabbing the cable (around 11:30). They didn't need to show that. But once it's dexterous enough, it can unlatch and pull the housing/pull-tab or whatever correctly. :)
As always, thank you Robtxu majo!!
As usual, Rob brings the measured and thoughtful analysis. Thanks for being a voice of reason.
Amazing breakdown of 8 key deliverables. These need to be put in a simple graphic. That would have a stronger impact then just speaking about them. The general public truly thinks nothing was announced at this investors day.
Been waiting to hear your thoughts
Very good break down of the event !
They did not mention solar roof (or panels).
Elon likely skirted being indicted for fraud regarding solar city.
Fantastic summary Rob!👍
Great breakdown. Thanks!
Rob, the Master Mic Dropper! Great job last night, too!
The take away for investors should have been obvious from the format. By having each of the teams present themselves you got to see the width and depth of each of those teams. Should have seen their direction, goals, and abilities to deal with stumbling blocks. The good numbers Tesla posts on its Q4's are not from juggling the numbers, but from a methodical step by step process with a clear path forward.
I am glad they didn't give out to much on their new next gen vehicle, as it drives people to want to see quick results. The development of those things are not straight line. They are dynamic and fluid with hills and valleys along the way. Even when they have the car designed and the processes figured out there is the supply chain to get worked out. The 48 volt stuff is not off the shelf and new motors, relays, and actuators will have to be designed along with new or modified manufacturing equipment. The magnets needed for the motor while being cheaper, more powerful, and rare earth free are not even in production yet, and who knows what hiccups will be encountered scaling that new process up.
Good takes. Thanks!