, 10 tweets, 2 min read Read on Twitter
.@elonmusk gave a really good statement at the end of the earnings call yesterday. I think it underscores why @Tesla's vertical integration and single minded focus has put them five years ahead of a now rapidly atrophied competition. Lightly edited transcript below: 0/9
"There are one or perhaps two points that are worth keeping in mind, as our quarterly letter indicates." 1/9
"The Model 3 is the most efficient energy per mile electric vehicle out there. It has the best efficiency. We are the best in terms of miles or kilometres per kilowatt hour. And we also have the lowest cost battery per kilowatt hour." 2/9
"This makes it very difficult for other companies to compete with Tesla because we have the most efficient car and the lowest cost batteries." 3/9
"I do encourage our competitors to really make a huge investment and we've been saying that for a long time. They're only in this competitive disadvantage because they didn't invest." 4/9
"We tried to help them as much as we could and they didn't want to take our help. They can use all our patents for free and we're happy for them to use our Supercharger network if they can just have an adapter for our connector or something." 5/9
"We want to be as helpful as possible to the rest of the industry." 6/9
"The fact of the matter is that we made the investment in Gigafactory and other companies didn't. We put a lot of effort into having extremely efficient cars and having the most efficient powertrains and the other companies didn't." 7/9
"I'm sure they will over time, but that is what has put us in quite a strong competitive position right now." 8/9
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