Tesla Q2 2022 Investment Note
Tesla exceed the market's EPS expectation although took supply hit in Q2
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Key Takeaways:
Attitude: Tesla continued to make significant progress across the business during the Q2 2022. Though there are certain challenges, including shutdowns and limited production in Shanghai. But in spite of challenges, it was one of the strongest quarters in Tesla's history. In June, Tesla achieved production records in both Fremont and Shanghai. The Energy business made meaningful progress, achieving higher volumes with stronger unit economics.
Guidance: Over a multi-year horizon, Tesla expects to achieve 50% average annual growth in the vehicle deliveries. While continue to execute on innovations, Tesla expects its hardware-related profits to be accompanied with an acceleration of software-related profits. As one of the core components of EV, Tesla expects to ramp 4680 production to exceed 1k per week by the end of 2022. Tesla continues to see recognized global pricing to increase as backlog flows through. Besides, macroeconomic related cost increases will also continue to be part of the 2H 2022. Tesla has the confidence for a record-breaking on the 2H 2022.
Product: In Texas, Tesla has installed the 2nd generation of manufacturing equipment for 4680 cells. Currently, there is no dependent on 4680 and Tesla has enough 2170 cells to satisfy all vehicle production for 2022. Battery 4680 will be important in 2023. Regarding Autopilot, Tesla now deployed the FSD Beta with City Streets driving capability to over 100,000 owners. Tesla's autonomous mileage is growing exponentially to over 35 million miles with FSD Beta. Tesla is making progress on the Cybertruck industrialization, which is currently planned for Austin production subsequent to Model Y ramp. Tesla expects to be in production with the Cybertruck in the middle of 2023.
Safety: Tesla plans to introduce a new feature that tension seat belts if the vision system detects imminent collision. The vehicles can actually see that a collision is about to occur with high probability before it happens. Another fundamental safety upgrade is that Tesla now can even adjust the airbag deployment on emergency thanks to the imbedded visual system. The update will be delivered to all cars which have at least AP3 hardware.
Q: How do you think about the bitcoin as an asset over the longer-term for Tesla and will you change your view on asset diversified into bitcoin on inflation?
Elon Musk: Tesla’s goal is to accelerate the advent of sustainable energy. Cryptocurrency is a sideshow to it. So, cryptocurrency is not something we think about a lot. We think a lot about scaling production and accelerating the advent of sustainable energy, which the record heat waves around earth, so to emphasize the urgency of that transition. So we are trying to make electric vehicles, solar deployments and stationary storage battery packs. But the three pillars of a sustainable energy future, which is like solar and wind for energy generation, stationary battery packs for storage and then electric vehicles. We are neither here nor there on cryptocurrency.
Q: How can Tesla make sure the company is staying ahead of Chinese EV manufacturers, both within and without China?
Elon Musk: Currently, the best Chinese EV manufacturer I believe is Tesla. We are actually doing the best, thanks to our incredible team in China. But I have a lot of respect for the Chinese, our manufacturers and other EV manufacturers in particular. I think they will be a force to be reckoned with worldwide. They are smart and hardworking and I think any company that’s not as competitive as them will obviously suffer market share decline. So obviously, we have a lot of respect for the current companies in China and then their capabilities.
Q: Can you elaborate on what you mean by inflation cooling down and how aggressively the company will lower prices?
Elon Musk: Because there is a quite a long wait when somebody orders in a car now, like 6 months even a year. We have to anticipate what the probable inflation rate is over that period of time. When we see indications of inflation rate is declining, then we would not need to increase our car prices. It’s possible that there could be a slight decrease in car prices, but this is fundamentally dependent on macroeconomic inflation. If I were to guess, I think inflation will decline towards the end of this year. We are certainly seeing prices of commodities trending lower.
Q: How is the 4680 ramp going and is Giga Texas producing cells yet?
Drew Baglino: We are leveraging supplier cells, which we have in sufficient quantity to ramp Texas and Berlin. We expect to ramp total 4680 production to exceed 1,000 per week by the end of 2022. In Q2, at Kato, we fully automated indiscernible for the drying of electrode tool there, unlocking major increases in production and improvements in yields. Because of that, Kato output has grown about 35% MoM since March, and yields throughout the factory are already at targets in most areas and trending in that direction. We did feed learnings from Fremont cell and pack lines to Texas and Berlin there, a carbon copy. Cell design was revved to unlock higher performance and manufacturing simplicity. Our target for Texas is to begin production this quarter and aim for Texas to be capable of exceeding Kato weekly output before the end of 2022.
Drew Baglino: We are leveraging supplier cells, which we have in sufficient quantity to ramp Texas and Berlin. We expect to ramp total 4680 production to exceed 1,000 per week by the end of 2022. In Q2, at Kato, we fully automated indiscernible for the drying of electrode tool there, unlocking major increases in production and improvements in yields. Because of that, Kato output has grown about 35% MoM since March, and yields throughout the factory are already at targets in most areas and trending in that direction. We did feed learnings from Fremont cell and pack lines to Texas and Berlin there, a carbon copy. Cell design was revved to unlock higher performance and manufacturing simplicity. Our target for Texas is to begin production this quarter and aim for Texas to be capable of exceeding Kato weekly output before the end of 2022.
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This article is a script from the TSLA Q2 2022 Earnings call. In order to facilitate reading, we have made appropriate cuts and revisions.
免责声明：此内容由Moomoo Technologies Inc.提供，仅用于信息交流和教育目的。
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SpyderCall : 自去年11月以来，特斯拉一直在与其他市场一起下跌。在此期间，通胀和乌克兰冲突正在摧毁股市。乌克兰的冲突并没有变得更糟，正如马斯克自己所说，通货膨胀很容易发生。因此，我认为我们可能在不久的将来会迎来一些绿色的每周蜡烛。在我们得到更多负面的宏观经济催化剂之前，我认为我们早就应该得到一些缓解，我们应该在短期内看到更多的绿色蜡烛。看看特斯拉的股价是如何突破这一区间上涨的。这是教科书上的突破。在特斯拉发布财报后，情况看起来肯定更加乐观。
Bleezie SpyderCall : 你认为特斯拉什么时候会达到900美元和1000美元
SpyderCall Bleezie : 我无法肯定地告诉你。在上周的财报发布之后，市场反应相当不错。看来他想快速达到900美元的价格点。但是现在在当前的市场条件下，任何坏消息都会使我的股票暴跌。看看前几天snapchat的收益是如何下降的。他们基本上击败了所有大型科技公司和其他市场
Ab Woods : 登上月球
ZnWC : 我会持有并等待股价上涨
，公司盈利在预期之内，现金流健康。此外，在不久的将来，可能会有股票溢出。尽管存在种种不确定性和挑战，该公司仍将显著超越竞争对手![[强壮]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "强壮")
![[强壮]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "强壮")
![[强壮]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "强壮")
Deep Value : 以下是特斯拉的一些不错的照片！
Mnbvc22 : 我认为这家公司有大量的领导力！所以我觉得不管怎么样，未来都会是光明的！
MONO k Samuel0248 : 请你帮帮我好吗
Milk The Cow : 对于长期投资，我认为$Tesla (TSLA.US)$对月球来说
=看涨![[哇]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "哇")
.![[Emm]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "Emm")
。(这就是为什么我在为市场计时=不要跟随![[敲打]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "敲打")
)
![[Emm]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "Emm")
..。好吧，谁知道呢..。$Tesla (TSLA.US)$股票波动很大。
![[OK]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "OK")
![[呲牙]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "呲牙")
.
![[OK]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "OK")
但是，在短期或中期，无论你怎么说，股价可能会有一些波动=高和低，我其实总体上有点看跌
话虽如此，我认为未来几天可能会看涨，因为$Tesla (TSLA.US)$正在进军股票拆分
出售、持有或增加都可以归结为你自己的策略，你对此很满意
投资前的DYODD
Milk The Cow Milk The Cow : 忘记提到了为什么我长期看好$Tesla (TSLA.US)$是因为他们有“良好的管理”和其他原因。然而，埃隆敢于尝试新事物让我有点害怕，因为这是一个正在探索的新领域……![[撇嘴]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "撇嘴")
(企业家)。
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