Lots of new info from Deutche Banks sit down with management team( they have a buy rating with PT of 300).
-16 days of inventory is not sufficient enough to put Tesla Q3 deliveries to be above Q2
-Reasonably assume highland cost less to produce and it's priced higher
-Highland does not use gigacasting and uses the same battery packs for ease of production ramp
-Berlin will not make any Model 3s, will continue to focus on Model Y
-Berlin and Texas cost reduction currently comes from ramping to capacity, much of the cost reduction will come in 2024 as they optimize after ramp
-SG&A/R&D are highly focused on Dojo and CT, will go down vs % of sales, should be realized more in Q4
-Will focus more on regional discounts vs headline price reductions to move inventory
-Due to Tesla's limited impact from raw materials inflation and deflation, you should see muted impact from current raw material's deflation as a point of cost reduction just like how the impact of raw materials during high inflation time was also muted.
-Berlin ramp is going to 375k and not the initial 500k due to labor laws for overnight is too costly and it's not worth it
-Texas is still going to full production
-Next gen car will be made around the world, not just Mexico. Mexico will only make next gen car. Target volume is 5M.
-Cybertruck deliveries in Q4, will be the ONLY tesla vehicle using the 4680 structural pack and 48V power infrastructure. As for charging, it'll be at 1000V system. Targeting 250k/annual production
-FSD pricing reduction hopefully can gain 20% more take rate, margins are close to 100%
-High interest in FSD licensing, gathering partners up now so they can start recognizing revenue in the next several years. Said Nvidia/Mobile eye are the only other systems OEMs can pick so it depends on pricing/capabilities. Said other OEMs will not have their customers pay no less than Tesla FSD customers.