• Tesla has a good chance at exiting this year with 40,000 vehicles per week (run rate)
• 5k cars per week at Austin and Berlin by the end of this year. 10k cars per week at both factories by end of next year
• Tesla has enough 2170 cells for the rest of the years production. 4680 will be important next year
• Tesla will hit a production run rate of 2 million cars a year by the end of the year
• Don't look at order backlog as a sign of demand. Tesla is increasing production, want shorter delivery timeframes
• Chip shortage has allowed Tesla to reduce the number of chips in their cars, make dual-use of a single chip. "Turns out we had more chips than we needed”
• FSD Beta has more accumulated mileage (over 36M miles) than all other competitors combined
• Still expect Cybertruck to be in production middle of next year. "Might be our best product ever"
• Tesla Full Self-Driving Beta release in Q4
• FSD Beta on track to be released for all North American customers by the end of the year. Europe, pending regulatory approval, also this year
• FSD price might increase once it goes to wide release later this year. Value of FSD is "extremely high and not well understood by most people”
• Tesla makes the World’s largest castings
• People will be amazed at Tesla will be able to show off in AI day
• Tesla sold Bitcoin because of the uncertainty around shutdowns in China. Wanted to preserve cash. Still open to increasing BTC holdings in the future
• Tesla still targeting 50% growth this year, pending any force major events
• Kato 4680 output has grown 35% month over month since March. Target is for Giga Texas to being 4680 production this quarter, to exceed Kato production by the end of the year
• Making progress on 4680, currently using supplier cell which tesla has “sufficient quantity" to ramp texas and berlin. Expect total production to exceed 1K/week before the end of the year
• No material impact on demand from macroeconomic backdrop
• If there's only good news, Elon won't be on the earnings call. If there's bad news Elon will be on. Elon will work at Tesla as long as he can usefully advance the cause of sustainability and autonomy
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