Tesla Q2 12 months trailing results show the exponentiality
Tesla market share is growing in all markets
Europe to catch up in 2022 with Giga Berlin ramping
Despite semiconductor shortages in Q2 and Model S and X largely stopped production due to equipment retrofit the gross margin, operating margin, profits and EPS are very impressive
Tesla plans to grow faster than 50% in 2021 planning production start for Giga Berlin & Texas 2021
Demand continues to grow despite Tesla sells only 4 Models in NA & China and in Europe 3
Average sales price to grow again when Model S and X are in full delivery in Q3
Cash position remains strong and financing easy-peasy
Storage business with strong growth, solar roof okay
12 months trailing capacity now at 1.05 Million and with Giga Texas and Berlin potentially doubling to 2 Million in 2022
Future products in development ...
EBITA growth is stronger than delivery growth giving a taste of future margin and profit potential
Strong and positive feedback from 9.0 FSD beta users
4680 🔋 cell production making good progress
10% production bottlenecks at Kato Road are step by step solved to be able to start mass production with yield and quality at viable levels
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He added that the work done so far shows "that we can significantly mitigate one or two problems by working hard and save many cars with flexibility in production"
Diess continued
"I expect we'll be able to catch up in the 4th quarter"
Diess concluded
"We are indeed having a hard time getting delivery commitments for 2023/2024 for our needs."
Semiconductor challenges remain for future years - a competitive advantage for Tesla
Diess
"But of course we have a strong overall raw material price increase that goes through steel to many of our primary materials. And it probably won't be possible to absorb all of that."
VW CEO Diess
"Electric cars will no longer need government subsidies in a few years because by then they will usually no longer be more expensive to produce than ICE. Diesel is subsidized with €8bn in tax benefits per year which is several times more than government EV subsidies
Diess continued
"... Kerosene for aircraft is even tax-free. This distorts the market, is harmful to climate protection, and should "end as soon as possible"
Fully agree!
VW 🛳️🚢ship engines
"50% of the world's marine engines come from our Group. We could convert the engines to natural gas & then to ammonia propulsion in the next 15 years. That would fit well into the MAN Energy Solutions business model with great leverage for climate protection"
It has the same software as all MEB IDs showing gas stations instead of charging stations, is not responsive and ergonomic, no OTA yet and frustrates owners autonews.gasgoo.com/m/Detail/70018…