Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[Buckminster]

I've had mine for almost a month, and so far, all interactions have been positive.

The biggest takeaway? MOST PEOPLE DON'T KNOW ABOUT THE CYBERTRUCK! They haven't seen it or read about it. Think of how much we all assume most people follow the news, what Elon says, etc. Nope. Most people are just busy, going about their lives...

Can we all agree that advertising remains a huge opportunity? Thread:
Need for Tesla Advertising / PR
Good place to discuss the FSD free rides also.

 

[Discoducky]

Via WuWa on YT:

I've trusted his sources in the past and this seems conclusive.

"Since the beginning of March this year, Tesla's Shanghai factory began to reduce production, production time from 6.5 days a week to 5 days. There have been reports of this reduction on Chinese social media, and we have confirmed the reduction through our inquiries. One employee told us that they had more time off, but they were concerned about the impact on their income if the cuts continued. According to media reports, the production cuts will continue until April, with no specific timeframe for resuming normal production. Some media have suggested that the reduction in production at Tesla's Shanghai plant could be caused by high global inventories, but in the first quarter of this year, we found that Tesla exports from Shanghai's Southport were still active. The reduction in production at the Shanghai plant seems to be related to sales in China. According to the China Passenger Car Association (CPCA), Tesla China sold 60,365 units in February, a drop of about 19 per cent from last year. Deliveries of Tesla's China-built cars in January and February 2024 totalled 131,812, a drop of 6 per cent from 2023. In the first two months of this year, sales of new energy vehicles in mainland China rose 37.5 per cent year-on-year, but Tesla's shipments fell to 131,812 units, down 6 per cent year-on-year, which is also related to the opening of a price war for new energy vehicles in mainland China and increased competition. In China, Chinese brands of new energy vehicles have been selling at reduced prices, and manufacturers and continue to launch new new energy vehicles with great cost-effective ratio, and Tesla car models in addition to less, in the land of new energy vehicles during the price cuts, but also raise the price of the car, this operation is really unintelligible."

 

[Curt Renz]

​

​ ARK Invest - today:​ Tesla's Full Autonomy AI Training Compute Is Getting Ready To Roll​

Daniel Maguire & Tasha Keeney | @ARKInvest Autonomous Technology & Robotics Team​

Last week, Elon Musk stated14 that Tesla is no longer constrained by compute for Artificial Intelligence (AI) training as it aims for full autonomy. Last July, having suggested that Nvidia might not be able to supply enough GPUs,15 Tesla committed ~$1 billion to its Dojo supercomputer, which is optimized to ingest video clips from its ~2.6 million FSD miles driven per day.16 During its most recent earnings call, however, Tesla downplayed Dojo's progress, implying that it would continue to rely on Nvidia.17 We are wondering if Tesla's compute capacity increased because it acquired more GPUs from Nvidia, or because Dojo is ready for prime time. Regardless, Tesla now seems likely to achieve the aggressive training compute targets it laid out last June.18 Increased compute should enable accelerated software updates, paving the way to full autonomy. According to Tesla, full self-driving (FSD) v12.3 will deliver three significant updates every two weeks.19 Already, users are reporting human-like driving experiences with fewer interventions.20 ARK is looking forward to monitoring FSD's progress toward full autonomy in the next few weeks and months.​

 

[SOULPEDL]

​

​ ARK Invest - today:​ Tesla's Full Autonomy AI Training Compute Is Getting Ready To Roll​

Daniel Maguire & Tasha Keeney | @ARKInvest Autonomous Technology & Robotics Team​

Last week, Elon Musk stated14 that Tesla is no longer constrained by compute for Artificial Intelligence (AI) training as it aims for full autonomy. Last July, having suggested that Nvidia might not be able to supply enough GPUs,15 Tesla committed ~$1 billion to its Dojo supercomputer, which is optimized to ingest video clips from its ~2.6 million FSD miles driven per day.16 During its most recent earnings call, however, Tesla downplayed Dojo's progress, implying that it would continue to rely on Nvidia.17 We are wondering if Tesla's compute capacity increased because it acquired more GPUs from Nvidia, or because Dojo is ready for prime time. Regardless, Tesla now seems likely to achieve the aggressive training compute targets it laid out last June.18 Increased compute should enable accelerated software updates, paving the way to full autonomy. According to Tesla, full self-driving (FSD) v12.3 will deliver three significant updates every two weeks.19 Already, users are reporting human-like driving experiences with fewer interventions.20 ARK is looking forward to monitoring FSD's progress toward full autonomy in the next few weeks and months.​

And ARK is done buying as well

 

[CitizenKane]

​

​ ARK Invest - today:​ Tesla's Full Autonomy AI Training Compute Is Getting Ready To Roll​

Daniel Maguire & Tasha Keeney | @ARKInvest Autonomous Technology & Robotics Team​

Last week, Elon Musk stated14 that Tesla is no longer constrained by compute for Artificial Intelligence (AI) training as it aims for full autonomy. Last July, having suggested that Nvidia might not be able to supply enough GPUs,15 Tesla committed ~$1 billion to its Dojo supercomputer, which is optimized to ingest video clips from its ~2.6 million FSD miles driven per day.16 During its most recent earnings call, however, Tesla downplayed Dojo's progress, implying that it would continue to rely on Nvidia.17 We are wondering if Tesla's compute capacity increased because it acquired more GPUs from Nvidia, or because Dojo is ready for prime time. Regardless, Tesla now seems likely to achieve the aggressive training compute targets it laid out last June.18 Increased compute should enable accelerated software updates, paving the way to full autonomy. According to Tesla, full self-driving (FSD) v12.3 will deliver three significant updates every two weeks.19 Already, users are reporting human-like driving experiences with fewer interventions.20 ARK is looking forward to monitoring FSD's progress toward full autonomy in the next few weeks and months.​

The Market: "Show. Me. The. Money."

 

[MartinAustin]

For those folks waiting to buy TSLA on Q1 Auto production weakness: How did you feel during the first 5 min trading today? Be honest! For a moment, was there something wrong with your own thesis? Did your face curl up briefly as you scratched your hair? Maybe stood up to get some more coffee?

At this point, I don't care so much about Auto Production as there shouldn't be any surprise that this year's challenge is ongoing for the masses. But they appear to be making it up in part with CyberTruck. It's easy to see where this is going. Truck of the year by Christmas?

You seem to be under the impression that Tesla is going to win an award from the ad-driven motoring press

 

[SOULPEDL]

The Market: "Show. Me. The. Money."

And 1/2 the people on this Thread: "Show. Me. The. Money."

Isn't it too late by then?
Just sayin'.

 

[Usain]

I’ve been “downloading” FSD version 12.3 for over 24 hrs now. Not sure what’s up. I’ve reached out to Tesla Service. Waiting to hear back. The car is still operable, so no worries there.View attachment 1031914

I seem to recall having a similar issue a couple of years ago. I just put in a service request on the Tesla app and it was fixed within an hour.

 

[2daMoon]

Via WuWa on YT:

I've trusted his sources in the past and this seems conclusive.

"Since the beginning of March this year, Tesla's Shanghai factory began to reduce production, production time from 6.5 days a week to 5 days. There have been reports of this reduction on Chinese social media, and we have confirmed the reduction through our inquiries. One employee told us that they had more time off, but they were concerned about the impact on their income if the cuts continued. According to media reports, the production cuts will continue until April, with no specific timeframe for resuming normal production. Some media have suggested that the reduction in production at Tesla's Shanghai plant could be caused by high global inventories, but in the first quarter of this year, we found that Tesla exports from Shanghai's Southport were still active. The reduction in production at the Shanghai plant seems to be related to sales in China. According to the China Passenger Car Association (CPCA), Tesla China sold 60,365 units in February, a drop of about 19 per cent from last year. Deliveries of Tesla's China-built cars in January and February 2024 totalled 131,812, a drop of 6 per cent from 2023. In the first two months of this year, sales of new energy vehicles in mainland China rose 37.5 per cent year-on-year, but Tesla's shipments fell to 131,812 units, down 6 per cent year-on-year, which is also related to the opening of a price war for new energy vehicles in mainland China and increased competition. In China, Chinese brands of new energy vehicles have been selling at reduced prices, and manufacturers and continue to launch new new energy vehicles with great cost-effective ratio, and Tesla car models in addition to less, in the land of new energy vehicles during the price cuts, but also raise the price of the car, this operation is really unintelligible."

Isn't China going through a major economic upheaval, related to real estate investments and such?
Sounds familiar enough, and if so this will likely take some time before consumer confidence is restored.

We've been through a similar scenario and might expect similar effects for China buyers.

 

[SOULPEDL]

You seem to be under the impression that Tesla is going to win an award from the ad-driven motoring press

Well, maybe not from those types, but could definitely win the Oscar's Award for Best Picture.

 

[FreqFlyer]

Via WuWa on YT:

I've trusted his sources in the past and this seems conclusive.

"Since the beginning of March this year, Tesla's Shanghai factory began to reduce production, production time from 6.5 days a week to 5 days. There have been reports of this reduction on Chinese social media, and we have confirmed the reduction through our inquiries. One employee told us that they had more time off, but they were concerned about the impact on their income if the cuts continued. According to media reports, the production cuts will continue until April, with no specific timeframe for resuming normal production. Some media have suggested that the reduction in production at Tesla's Shanghai plant could be caused by high global inventories, but in the first quarter of this year, we found that Tesla exports from Shanghai's Southport were still active. The reduction in production at the Shanghai plant seems to be related to sales in China. According to the China Passenger Car Association (CPCA), Tesla China sold 60,365 units in February, a drop of about 19 per cent from last year. Deliveries of Tesla's China-built cars in January and February 2024 totalled 131,812, a drop of 6 per cent from 2023. In the first two months of this year, sales of new energy vehicles in mainland China rose 37.5 per cent year-on-year, but Tesla's shipments fell to 131,812 units, down 6 per cent year-on-year, which is also related to the opening of a price war for new energy vehicles in mainland China and increased competition. In China, Chinese brands of new energy vehicles have been selling at reduced prices, and manufacturers and continue to launch new new energy vehicles with great cost-effective ratio, and Tesla car models in addition to less, in the land of new energy vehicles during the price cuts, but also raise the price of the car, this operation is really unintelligible."

A solution would be to open to new foreign markets to soak up the production. When Gen 3 debuts that should also solve production capacity issues.

To think that at one time there was talk of a 2nd China factory.

 

[Joe F]

I’ve been “downloading” FSD version 12.3 for over 24 hrs now. Not sure what’s up. I’ve reached out to Tesla Service. Waiting to hear back. The car is still operable, so no worries there.

Why are you driving and expecting the install to finish? Unless something has changed, installs require a WiFi connection, probably to completion, unless you're using your phone as a hotspot...

 

[2daMoon]

Fearless Leader is talking AI and an abundant future with his buddy Pete

Good stuff!

 

[Curt Renz]

This appears to be from an internal Tesla company memo, not a government directive. Aside from promoting safety, it may be designed to encourage the purchase of FSD.​

"Tesla Must Give Driver-Assist Demonstration With Every U.S. Sale; New Requirement Will Slow Delivery Process, Musk Says In Memo; Full Self-Driving, Other Features Have Generated Controversy" - Bloomberg News​

3:35 pm ET March 25, 2024 (Benzinga)
Tesla Must Give Driver-Assist Demonstration With Every US Sale

Tesla Inc. staff are now required to install and demonstrate the company's driver-assistance technology before handing cars over to buyers in North America, a "hard requirement" that Chief Executive Officer Elon Musk says will slow deliveries.

Musk instructed employees to perform a "short test ride" with customers to show the system Tesla markets as Full Self-Driving, according to an internal memo seen by Bloomberg News. Workers will also have to perform checks on any vehicles returned from service.

 

[larmor]

This appears to be from an internal Tesla company memo, not a government directive. Aside from promoting safety, it may be designed to encourage the purchase of FSD.​

"Tesla Must Give Driver-Assist Demonstration With Every U.S. Sale; New Requirement Will Slow Delivery Process, Musk Says In Memo; Full Self-Driving, Other Features Have Generated Controversy" - Bloomberg News​

3:35 pm ET March 25, 2024 (Benzinga)
Tesla Must Give Driver-Assist Demonstration With Every US Sale

Tesla Inc. staff are now required to install and demonstrate the company's driver-assistance technology before handing cars over to buyers in North America, a "hard requirement" that Chief Executive Officer Elon Musk says will slow deliveries.

Musk instructed employees to perform a "short test ride" with customers to show the system Tesla markets as Full Self-Driving, according to an internal memo seen by Bloomberg News. Workers will also have to perform checks on any vehicles returned from service.

This is a great idea. Had a loaner model X plaid with FSD a week ago for a minor repair on my 2016 MX. Knowing all about fsd and having extensive autopilot use on my own car and recent rentals did not prepare me for the FSD experience. They are no longer selling a car, they are selling a service, and the service is driving. So to explain the limitations and features in real time as one actually drives or doesn't drive, whatever the case may be is going to be time well spent. Without it, will be difficult for casual fans and people who are reluctant to use it.

 

[Drumheller]

This appears to be from an internal Tesla company memo, not a government directive. Aside from promoting safety, it may be designed to encourage the purchase of FSD.​

"Tesla Must Give Driver-Assist Demonstration With Every U.S. Sale; New Requirement Will Slow Delivery Process, Musk Says In Memo; Full Self-Driving, Other Features Have Generated Controversy" - Bloomberg News​

3:35 pm ET March 25, 2024 (Benzinga)
Tesla Must Give Driver-Assist Demonstration With Every US Sale

Tesla Inc. staff are now required to install and demonstrate the company's driver-assistance technology before handing cars over to buyers in North America, a "hard requirement" that Chief Executive Officer Elon Musk says will slow deliveries.

Musk instructed employees to perform a "short test ride" with customers to show the system Tesla markets as Full Self-Driving, according to an internal memo seen by Bloomberg News. Workers will also have to perform checks on any vehicles returned from service.

Elon's email was shared on X this morning.

 

[capster]

Edit: My mistake. Below is not correct. For some reason my phone was on the Canada site

FSD is $16K now. This is a screenshot from the US site for a Model 3.

 

[uscbucsfan]

FSD is $16K now. This is a screenshot from the US site for a Model 3.

View attachment 1031982

Website isn't updated, yet. People can still get it for 12k for now.

 

[MP3Mike]

FSD is $16K now. This is a screenshot from the US site for a Model 3.

View attachment 1031982

Nope, still shows $12k:

You likely visited a link to the Canadian site and have been switched.

Website isn't updated, yet. People can still get it for 12k for now.

Huh? He said site, and his screenshot shows that it is a browser... He is just looking at Canadian pricing.

 

[uscbucsfan]

Nope, still shows $12k:

View attachment 1031983

That would be an odd move if they wanted to increase take rate. I haven't seen any rumors of an increase nor does Tesla.com reflect it.