JAPANESE AUTO INDUSTRY

Consider CTD's core thesis . . .

1. Toyota and Honda established early leadership in the technology for Hydrogen-powered vehicles

2. This incentivized them to use their Lobbying Power to build substantial domestic Support for a Hydrogen Initiative

https://twitter.com/connectingodots/status/1689294895599566849

3. Visualizing a Successful Outcome, they would have held a Competitive Duopoly with all the Advantages which that can be expected to bring

This combination of factors is leading to a broad-based failure of the Japanese Automobile Industry

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What can we learn from this ?

CASH FOR CLUNKERS ?

According to Colorado Public Radio, the state is considering a "Vehicle Exchange Colorado” program to give participants an instant $6,000 point of sale rebate on a new electric or plug-in hybrid vehicle cleantechnica.com/2023/05/31/col… Or a $4,000 rebate for a used electric or plug-in hybrid vehicle

"It’s a really exciting new program,” said Carrie Atiyeh, senior program manager at the Colorado Energy Office

"This is something that is going to be new for the state"

@remarkabubble @CorySteuben Nothing stands in the way of 20 million except for execution

And Tesla keeps getting better at execution every year

Now let me deepen my response for you :

1. If Management says their plan is 20 million, that is the first thing that you should pay attention

- they are driving @remarkabubble @CorySteuben 2. If Management says they are committed to growing at +50% per year, that is the second thing you should pay attention to

- and if they do the Second Thing right you will notice that the First Thing happens sooner than you think

QUESTION OF THE DAY 20230507

How can Apple AAPL shareholders expect to maintain the High P/E of a Growth company in a world where the Company's business has clearly become mature ?

Here is Apple's Press Release on their latest Quarterly Results

apple.com/newsroom/2023/… APPLE'S OWN PRESS RELEASE :

"The Company posted quarterly revenue of $94.8 billion, down -3% year over year, and quarterly earnings per diluted share of $1.52, unchanged year over year"

“We generated strong operating cash flow of $28.6 billion while returning over $23 billion… twitter.com/i/web/status/1…

CARLOS TAVARES HAS GIVEN EUROPE A LOUD AND CLEAR WARNING

1. Expect the Purchase Price of Electric Cars produced in Asia and America to fall to €25,000

https://twitter.com/jpr007/status/1654410946029436928

2. Failing to change the existing cost structures in Europe will mean that every e-car will be produced outside the continent in future

Tavares warned on the sidelines of the "Car Symposium" in Bochum :

"This is a very powerful way of draining the car industry out of Europe"

TESLA SEMI PERFORMANCE

PepsiCo will enter at least one of its Tesla Semis in the Run On Less trucking industry event running for three weeks starting September 11, the company confirmed on Wednesday
insideevs.com/news/665498/fi… The event showcases advances in freight efficiency, and will provide the first independent performance data for Tesla's all-electric Class 8 semi-truck, according to Automotive News

TESLA - MARKETING vs ADVERTISING

A thread 🧵 that will likely be very controversial in some corners

"Marketing" and "Advertising" are two very different beasts

Advertising means paying rent to some passive platform typically for one-shot audience experiences

I am not a big… twitter.com/i/web/status/1… Marketing should be something that you do every day through platforms of your own

- from websites and Sales Centers and Service Centers and Superchargers and more

- through providing clear information that is constantly available and connected to action points like Order pages

THE TRANSITION TO A RENEWABLE ENERGY ECONOMY BECOMES REAL

Energy transition investment exceeded $1.1 trillion dollars in 2022, and for the first time equaled investment in upstream oil and gas and unabated fossil fuel-based power generation
about.bnef.com/blog/energy-tr… Investment increased­­­ more than +30% year-on-year, with investment in renewable energy up +17% and investment in electrified transport up more than +54%

FOOD FOR THOUGHT 20230404

Two questions :

1. What is GM going to look like in the future ?

2. When does Tesla surpass GM in overall Global Sales ?

A short thread 🧵 1. What is GM going to look like in the future ?

Let us start by understanding what GM looks like today

From their own Annual Report they only have Worldwide Sales on their own account of 3.636 million units

And almost all of these are ICEVs

BEV SALES BY REGION 2023 02 FEBRUARY

Commentary :

A short thread 🧵 on what we are seeing so far in 2023

1. GLOBAL SALES

The market for the first two months of 2023 is +25.5% ahead of the comparable period for 2022

- Demand issues are not yet apparent on an aggregate basis

https://twitter.com/jpr007/status/1643180182017294336

February 2023 in particular was strongly ahead of 2022 with +50.8% growth YOY

SPACEX ARGON HALL THRUSTERS

SpaceX has released more information about the new argon Hall thrusters that will power the Starlink V2 mini satellites

“The transition to argon was tricky, but necessary, as krypton is too rare,” SpaceX CEO Elon Musk explains techcrunch.com/2023/03/03/spa… According to specs shared online, these new thrusters will generate 2.4 times the thrust compared to previous Starlink thrusters

- and 1.5 times the specific impulse, which is a measure of how efficiently the thruster uses propellant

TESLA EARNINGS REPORT - 2023 Q1

We now have the Production and Delivery numbers for 2023 Q1

Here is a thread 🧵 with the related charts

NOTE : All charts are free for use

1. VEHICLES PRODUCED

2023 Q1 = 440,808 units worldwide

https://twitter.com/jpr007/status/1642741938817478657

Production has actually maintained a steady growth trend, notwithstanding the impact of COVID shutdowns at Fremont and in Shanghai

The Production trendline rate annualizes out at +55.0% per annum

Potential Production of ~700,000 units per quarter is visible by 2023 Q4

ALEXANDER DENNIS - ELECTRIC BUSES

Alexander Dennis is a British bus manufacturing company based in Larbert, Scotland

It is tye largest bus and coach manufacturer in the United Kingdom with a 50% market share in 2019
en.wikipedia.org/wiki/Alexander… It has manufacturing plants and partnerships in :

- Canada

- China

- Europe

- Hong Kong

- Malaysia

- New Zealand

- Singapore

- South Africa

- and the United States

GRAPHITE

Tesla has recently visited Nouveau Monde’s graphite mine and processing factory in Quebec

The company believes that it is sitting on the biggest graphite deposit in North America
electrek.co/2022/09/01/tes… Nouveau Monde Graphite claims that it can produce a 99.95% pure spherical graphite product that will be cheaper and cleaner than synthetic graphite from Asia

The company uses clean hydroelectricity to produce its anode material, and plans to use electric vehicles to operate its… twitter.com/i/web/status/1…

VW READY TO LOSE MONEY ON MINING

"The bottleneck for raw materials is mining capacity - that's why we need to invest in mines directly"

INCORRECT

The bottleneck for Battery Materials will be Processing Capacity
money.usnews.com/investing/news… ARTICLE CONTENTS :

Volkswagen plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to third-party customers, the carmaker's board member in charge of technology said

Its strategy aligns with a wider trend of carmakers seeking… twitter.com/i/web/status/1…

EIE REPORT ON CO2 EMISSIONS - 2022

Global energy-related CO2 emissions grew by 0.9% or 321 Mt in 2022, reaching a new high of over 36.8 Gt

Emissions from Energy combustion increased by +423 Mt

Emissions from Industrial Processes decreased by -102 Mt

iea.blob.core.windows.net/assets/3c8fa11… Increased deployment of clean energy technologies such as renewables, electric vehicles, and heat pumps helped prevent an additional 550 Mt in CO2 emissions

Industrial production curtailment, particularly in China and Europe, also averted additional emissions

STARLINK MOBILE CONNECTIVITY IN SWITZERLAND

With Starlink satellite technology Salt says it can end the struggles to cover the challenging Swiss terrain and topography

This partnership will enable Salt customers with enhanced connectivity and coverage
telecomtalk.info/salt-spacex-de… Salt is a leading European telecommunications provider based in Switzerland, and it is partnering with SpaceX to provide continuous coverage through satellite technology

Salt says this is a first-of-its-kind agreement in Europe as it leverages SpaceX's Starlink satellite… twitter.com/i/web/status/1…

‘Europe’s biggest’ battery energy storage system by MWh has been officially opened. in East Yorkshire

Located at Pillswood near Cottingham, East Yorkshire, the £75m facility has been developed by Harmony Energy Income Trust Plc employing Tesla Megapacks
bdaily.co.uk/articles/2023/… It has the capacity to store up to 196 MWh of electricity in a single cycle, enough energy to power around 300,000 homes in Yorkshire for two hours

NOX EMISSIONS

Why we should want clean energy . . .

Footnote : There Is No Clean Diesel

1. EAST ASIA 2. SOUTH ASIA

Electric vehicle maker Tesla will build a new plant in the northern Mexican city of Monterrey, President Andres Manuel Lopez Obrador said on Tuesday, dispelling concerns his government could block the deal over water shortages
asia.nikkei.com/Business/Autom… The news gives a boost to Mexico which is working to establish itself as a hub for the so-called nearshoring of investment - capitalizing on geopolitical tensions and supply chain disruptions caused by COVID-19 by luring manufacturing capacity to North America and away from Asia

TOYOTA TRIES TO GET REAL WITH TESLA SHOCK

Grudging admiration for Tesla helps reinforce a stark realization at Toyota

For all its expertise in electrification going back to the first Prius hybrid, Toyota needs a great leap forward for the new era of full electrics

https://twitter.com/jpr007/status/1630621658011815936

Toyota conducted a Tesla teardown and discovered that the latest versions of the Model Y looked the same on the outside but had been completely revamped underneath