More Tesla price cuts, TSLA earnings, and a ton of new EV unveilings
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two one we're alive for a new episode of the electric podcast i am fred lambert your host and i'm joined by seth winchell how you doing today seth i'm good

All right. I hope everyone is good because this is going to be a long one, probably. We're going to try to keep it sharp, keep it going. But there's a ton of news this week. Obviously, Tesla earnings contributed a lot to that. But there was the Shanghai Motor Show, too. A bunch of EV unveilings that we want to get into on that. Also, a few very good-looking ones, a few very interesting ones. So stay tuned for that at the end. We're going to have a couple of slideshow for you to judge.

But we're going to start with the Tesla earnings because believe it or not, Tesla is still the biggest EV automaker out there and they deploy more volume than many else. So it's important to track them. And their earnings is also important because

The fact that they can deliver electric vehicles profitably shows the rest of the industry that it's possible and that they should work towards that. But before the earnings this week, there was something also very interesting, which was a big price cut. So nothing new for Tesla in 2023. 2021, 2022 was just price increases, price increases, price increases, prices.

Boom, reversal of the roles in 2023. Big price cut early in the year. A few price adjustments over the last few months. And now another big wave of price cut this week for Model 3 and Model Y. So Model 3, the base version, went from $42,000 to $40,000 now. So it's the lowest it has been since, I think, three years now. So it's a big price cut. And...

The other models haven't changed much or at all, actually. Well, I mean, the Model 3 Long Range is still not available for order in the U.S. for some reason. It's really weird. It's multi-performance to the same price. So one of the reasons for this price cut here has to do most likely with the fact that in the U.S., it lost half of the federal tax credit.

So it looks like Tesla is trying to compensate with that. Still has half of it than $3,750. Model Y pricing, significant $3,000 decrease for every single trim. Even the new one, relatively new one, the Model Y all-wheel drive with 46-City cells went from $50,000 to $47,000. $50,000 now for the Model Y long range. That's a very good deal. I think that's the cheapest it has ever been.

Model Y performance, $54,000. And important to note that all three of those models still get the full $7,500 tax credit in the U.S. So the Model Y now is easily an under $40,000 car. Yeah, and I mean, with the tax credit, it's under $30,000. Starts under $30,000.

Sorry, it starts under $40,000. Yeah, yeah, yeah. And in some states, it's closer to $35,000. It starts now. So MOLA SNX did not get a price change in that wave. But overnight, it did get a price increase of $2,500 for every single trim. But it also came with three years of free supercharging added for new buyers.

So this is pretty straightforward. I think Tesla just realized that at that price point, which is like more expensive and they have received significant price decrease over the last three or four months too. So it's not like this $2,500 doesn't change much compared to like what people were paying last year, over $100,000 for MLS long range. Now it's $85,000. But yeah, it went up $2,500.

And that three years of supercharging is probably more valuable for people in that price range than the $2,500. So people are basically paying $2,500 for three years of free supercharging, which is actually a bad deal for most people. Yeah. Most people won't use that unless you're an Uber driver. Yeah. Unless you're an Uber driver or unless you're just like traveling the country all the time for some reason. Salesperson or something. Yeah. In that case, yes. But you have to do like...

Like 50% of your charging maybe with Supercharger, which is not the typical use case. That's a lot of sitting at a Supercharger station. That too. All right. So now let's jump into the earnings and all the news that came from the earnings. So we identified the expectation for the earnings. That was $23.6 billion in sales revenue and earnings of $0.85 per share.

Now, the result were $23.3 billion in revenue, so a slight miss on the expectation in terms of revenue, $300 million, nothing too crazy. Well, it sounds like a lot, but it's not a lot in perspective. And they met expectation with a non-gap earnings of $0.85 per share.

When you look at the actual financial results from Tesla, again, the two big ones are revenue and earnings and the sort of met expectation on both. The stock ended up crashing. And it's not exactly clear why, because obviously the big thing was the...

People were looking at the gross margins, how much the gross margin were affected in the first quarter of the year following all those price cuts. And Tesla came at 19.3%.

gross margin, which is significantly down for the mid to low 20s that they were getting before that. But it's higher than most people expected. So most people put their range between 15 and 20. So 19.3 is at the upper hand of that range. But I was expecting anything over 15% gross margin retained after those price cuts to be pretty good.

What it means now is that it's likely going to be over 15% this quarter following the additional price cuts. So it leaves Tesla room to absorb these additional price cuts that happened over the last few weeks, really. But the market was not impressed and Tesla stock was down 10% yesterday following the market opening, the first market opening following the earnings.

Tesla still had an 11% operating margin, which is industry leading. They had contributed more cash to their cash position, which is now over $22 billion. So everything on paper looks very good. But I think maybe not enough big news came out of it. One thing that I thought was interesting is they tried to justify those price cuts

in the earnings shareholder letter, the way that they did it, it's sort of...

People don't believe them. They made it sound like, oh, it's not necessarily about demand. Even though during the call, Elon made it clear it was about demand. They even said like, oh, we're looking at every day how many orders coming in, how much production is coming out, and we're adjusting to that in order to have demand match production. That's it. So it's about demand creation, which is always is. Pricing is always about that. You're going to sell a product for as much as you can in a certain market.

And yes, there's a bunch of factors right now out of Tesla's control affecting that demand, especially the interest rate and the general microeconomics that people have some concerns and that sometimes blocks them from making large purchases like a car. That's completely fair. But then Tesla was like...

We basically took the decision. I'm paraphrasing what they said. We took the decision to not necessarily sell cars at a higher profit, but instead deliver as many cars as we can at the best price we can, which is technically true. That's what they did. But then they said so that we can build up a fleet where we can extract more profit out of it. Right. That's what they said. So I'm going to read the shareholder letter here, the specific comments so that

we're clear. In the current microeconomic environment, we see this year as a unique opportunity for Tesla. As many carmakers are working through challenges with the unique economics of their EV programs. That's, again, unique economics. I read it unique in my head. I thought that was like a nice slide for Tesla. Unique meaning negative gross margin. Anyway.

We aim to leverage reposition as a cost leader. So you see, the way they say it like that, it almost sounds like they want the price war. But Elon was clear about that was not the goal. I agree. That sounds like we know we can absorb those costs. We know they can, so we're doing it. That sounds like that.

But then anyway, we are focused on rapidly growing production, investment in autonomy, and vehicle software are remaining on track with our growth investment. Those last two here are what's important. Although we implemented price reduction on many vehicle models across regions in the first quarter, our operating margin reduced at a manageable rate. That's true. We expect ongoing cost reduction of our vehicle. Cost did go down last quarter, so that's good too, including improved production efficiency in our newest factories and lower logistical costs and remain focused on

operating leverage as we scale. So these last two here, autonomy and vehicle software, Elon sort of clarified that comment on the call after saying that he strongly believes that Tesla is going to be able to make money

by selling subscription service to software like the premium connectivity that Tesla offers right now. And obviously, the big one is full self-driving, which is a $15,000 software add-on, basically.

And they even talked a little bit about service, making some money on service. This is an additional comment that was in the shareholder letter. On near-term pricing strategy, consider a long-term view on per-vehicle profitability given the potential lifetime value of a Tesla vehicle through autonomy, supercharging, connectivity, and service. We expect that our product pricing will continue to evolve upwards or downwards depending on the number of factors, the main one being demand. I'm sorry.

I'm ahead of the last part here because they've been very good throughout their earnings to navigate a role around that. It's not about demand, basically, even though at times they had to say it. But yeah, this is a kind of a change of strategy from...

If you've been following Tesla closely, you've seen that change slowly happen over time. But if you just rewind back like three years behind or something like that, and you fast forward, you were fast forward to today, you would be, oh, this is like a big change in strategy with Tesla where they plan to make money supercharging. Wasn't the case before.

Connectivity, they never said they wouldn't do that, but they kind of creeped in on Tesla owner. Service, that was a big no-no for a long time, Tesla. We're not making money on service. We're making money selling cars, not servicing them because what's the best service, Seth? Not needing any. Yeah, no service is the best service. So yeah, I mean, this is a big change. Did you see that one coming? No.

Yeah, I'd wonder if they mean a different type of service like

You know, instead of, no, you're not going to give me that one. Did you listen to the call after? Uh-uh. No, so in the call, like, some people, like, noted that. And Elon started the, and he had a good point, to be fair. Like, I even, I sort of knew about it, but I didn't know what the percentage were. So I went back and checked. He said, like, one of the big advantages of the legacy automakers is that they already have a large existing fleet of vehicles that they make money selling parts for.

overpriced parts to. So we always ended the fight to this as advantage of owning its own service versus a third-party dealership as being a big one for Tesla where other automakers just didn't get any revenue from those service. But what we didn't notice is that

They basically have a monopoly on customers, on those dealerships who sell them parts, and often they are overpriced parts. So, yeah, he was right that the automakers make a ton of money off of that. And obviously, you have a big advantage of selling cars for decades prior. So, you have a giant user base, a customer base that you can affect. The stuff doesn't have that, but it's starting to now. It has fleets in the millions and more.

It looks like it's an opportunity that they cannot pass on. Right. Yeah. And the cars are not, I wouldn't say terribly reliable. The drivetrain works pretty well, but things like doors and fun stuff like that need repair. Mm-hmm.

So, yeah, it looks like Tesla is identifying that as a potential source of more revenue. I remember Elon standing up in front of an audience saying, we will never charge money for service or something like that. Well, never try to make a profit off of service. Right.

Yeah. And the same thing for supercharger, but though at the same time, the supercharger equations sort of changed once you started having non-Tesla vehicles. Yeah, that's a big one. So that's sort of fair at this point, even though... Although there's only 10 of those. Yeah, there's only 10. And yeah, I think Tesla is slowly introducing the fact that they're going to try to make money off of Tesla owners on that front too. I think that's inevitable also. Yeah.

So yeah, I think the market didn't absorb these changes super well right now. And obviously the big one, and Elon said that again, and that's one of the posts I'm going to get into, it's...

Full autonomy. Yeah, the full autonomy. It's happening this year. Yeah, he again made the mistake of saying it's going to happen this year, and then he called it full autonomy. So that's my biggest concern with this whole thing now is that we don't even know what he means anymore. Like the goal itself is not clear. So what is full autonomy? Is it feature complete? Is it feature complete, safer than human? And what does that look like for a customer? Because I

We don't really know. Based on if it's better, if it's just about getting FSD better to the point it's better than human, there is some value in that, but it's all related to safety, really. It's all related to if I drive the car...

On top of FSD Beta is driving the car. I admit, the more FSD Beta gets better, the safer it's going to be. But Tesla didn't sell millions of vehicles by promising people that the car would be safer than anybody else. It helped for some. Absolutely. Safety is a big factor in car purchase decision making.

But let's be honest, they sold those cars by people thinking, some people obviously, not everyone believed that, but some people thinking that your car eventually you're going to wake up one morning and you're going to get a notification on your app that says that you have a new Tesla software update. And then you're going to download the Tesla software update and magically your car is going to start driving by itself and be able to drive you to work. Then once you're at work, and this is the thing that Tesla literally said here and Elon himself, that you're going to be able to go to work and

And your car is going to be able to leave and do a Uber-like taxi service while you're at work and then pick you up at the end of the night and you just made some money on top of your workday. This is literally things that Elon said and then even attached to that the famous – what was the term we said about it's going to gain in value? Appreciating asset. Yeah, the car is now an appreciating asset, I think he said. So yeah, that famous comment that hasn't really lived to –

Didn't age very well so far because the value of Tesla vehicles is crashing with a lot of other used vehicles, to be fair. So yeah, I think this is the biggest issue and why Tesla stock went down. Because why Tesla stock rose insanely over the last few years is because Tesla is selling a ton of vehicles, more than anybody else when it comes to electric vehicles and volume, at a very high gross margin.

Now, Tesla is showing a willingness to cut down on those gross margin, which is completely fine. But when you come out and you give the reason, it's like, you know, one of the main reasons why we're so willing to cut down on those costs is that because we're very confident that we're going to be able to deliver full autonomy and that's going to create a ton of value. And now Elon always says, like, the market doesn't understand how much value it's going to create. The market completely understand that.

What we don't believe is the capacity for him to deliver on those promises with FSD Beta getting to full self-driving. So now I think the market is a little bit more concerned about, okay, well, this is a weird approach. Like we understand the need to cut down on gross margin right now to sell more cars. But if your plan is that, not everyone is on board. So I think that's one of the main reasons where we saw Tesla stock crash yesterday. Yeah.

But that's one thing. There was a lot of other things that are very good about the earnings. One of them was that energy storage deployment. That was insane. 360% up year over year. Tesla had a huge quarter with 3.9 gigawatt hour of deployment. That's almost double the last quarter. So 360% year over year, but double last quarter almost.

Obviously, if you follow Electric closely, you know that that was kind of coming because we reported that the makeup factory in Latrop was ramping up production a lot faster than other people anticipated because that thing just went online last year. So it's pretty crazy that it went so fast. But yeah, and then you have obviously Shanghai. That's another 40 gigawatt hour factory per year. So yeah, you look at that deployment rate here. It's crazy.

I don't know if you see this little curve, but it's a pretty big one. Yeah, it's going to keep going like that. Obviously, quarter to quarter, you have to be careful because these are huge projects. So the deployment is when they actually are installed. So sometimes it's going to go down a little bit. Sometimes it's going to shoot up like crazy, like it was this quarter. Solar deployment was not very high, though, but it looks like it's less and less of a focus for Tesla. Yeah.

We got a big update on 4680Cell, and that's thanks to Drew Baglino, Senior VP of Engineering at Tesla. He went into great details. I won't go into everything because it's all going to be crazy long short if we do. This is a big post that I released today, and I went into all the details. But the summary of it basically is that great progress on 4680Cells themselves, especially production in Texas.

More equipment is being deployed. Cattle factory going to start producing this year. Next year for Corpus Christi, which is the lithium processing factory. And yeah, everything is looking good basically for a ramp up.

of 46-City cells in Texas for volume production of Cybertruck next year. Speaking of Cybertruck, we got some updates on that front. So Tesla did say that more equipment is being deployed for tooling of the factory line. The pilot production line is deployed and they released some pictures of it, which is nice. This one is an interesting one where you see the body. First time Tesla released an official picture of the body of the truck. And a lot of people are...

noting that it's pretty clear from the body that Tesla is using a very loose definition of the word exoskeleton when they talk about it. It's looking more and more like a very kind of normal vehicle chassis with bigger casting part and the fact that the outside is going to be stainless steel. So I guess that's more unique, even though it's not completely unique, considering there was the DeLorean and whatnot.

But the exhaust skeleton where the... Because the normal definition of a skeleton is that you have structural... The outside part is... Or the structural skeleton of the vehicle. You have the body here and we don't see a lot of outside part right now. Kind of obvious. Also from this, you notice the guy's carrying a... A scuba tank. Yeah, a... For the air suspension? Is it for the air suspension or... Maybe. Maybe.

Those aren't cold thrusters, right? Maybe there's a roadster right behind this. Maybe the roadster, this is going to be a surprise. The roadster production line is being built on the same production line as the Cybertruck. So here's another picture. You see the giant...

trucks have a thing where you can uh inflate you know air air compressor built in maybe that's part of it maybe you can inflate the tires a little bit something like that i don't know yeah that would be a surprise feature for cyber truck we see someone installing the giant windshield that you have on the on the cyber truck here and the last picture is like an overall view of the production line with uh all the robots are going to build a cyber truck all that gigafactory uh

Texas. And also a picture of the Cybertruck winter testing. So that's a good news too, because we know that winter testing is one of the very last thing that Tesla does. So last minute thing that doesn't include anything that comes with a design to make it better for winter driving. Yeah.

I'm exaggerating a little bit, but it has been one of the digs that people have done at Tesla. That's very much of it. Well, we cannot say that anymore. That's the California company. They make a California car, but Texas company. It's maybe a little bit tougher winter sometimes in Texas. Then Elon went out. Well, so in the shareholder market,

And later, there was the mention of the Cybertruck did not go into great details about timing other than later this year. And that's technically, that couldn't match the same that was said before, which was to start a production in the summer. But then Elon went into a little bit more detail on the call after where he mentioned a delivery event, a handover delivery event, end of the third quarter.

So that would put the event in September or even probably end of September. So Tesla would be looking here at the first delivery of the Cybertruck.

Around September, so a little bit later than this summer. So what we expect is like there's going to be a slow start of production this summer. Tesla's going to test those vehicles a lot, drive them internally and whatnot. And then delivery event in September. Historically, if we look at other Tesla programs, it would mean likely just a few vehicles delivered mostly to internal people at Tesla, employees, board members and whatnot.

And then from there, again, a lot more employee deliveries over the next few months, ramping up to a few thousand units. Again, I'm basing this basically on the Model Y RAM. This is the most recent one that we had. And then at this point, I would not expect an actual customer, an outside Tesla customer, to get a Cybertruck until sometimes in Q1 2024, based on that updated timeline here.

And then production ramp throughout 2024, volume production likely in the summer of 2024. That makes a little bit more sense to me. Model Y, this didn't actually keep, well, Tesla sort of confirmed it for the US and for China. No, actually not China, but for some European markets. But I think it's worth noting because even though we just laughed at Elon Musk for his prediction on the full self-driving,

You have to give the guy credit for this production because when he made it back in 2016, he said that the Model Y would have between half a million and a million units of demand per year, roughly. That alone, people were laughing at him because Tesla was just producing like 100, I think they just reached about 100,000 units or something like that.

So a lot of people saw that that was not possible, but then he went as far after that to say that it will actually be over a million units and the Malawi will likely be, well, will certainly be the highest revenue vehicle in the world, which it was last year.

But it will be the best-selling vehicle in the world per unit, period. And based on the data that we gathered for the first quarter, it is on the path to do that this year in 2023 to be the best-selling vehicle worldwide. It was the best-selling non-pickup truck in the U.S. this year. So it sold more than the RAV4 from Toyota and the Nissan Rogue and all that that were really popular in the U.S.,

It's sold a little bit less than the Chevy Silverado and Ford F-150 Lightning. Not Lightning, sorry. It's just F-150 period. But in terms of passenger cars, it was the best selling in the US. It was the best selling too in China, which is also impressive. The two biggest automotive markets.

And a bunch of European markets too. So if it keeps going like that, it's going to likely be the Toyota Corolla as the best selling passenger car in the world this year. So that would be quite an achievement for the first electric vehicles to do that. Yeah, I mean, it's impressive, but it's also important to note that Tesla has like two cars, two mass market cars. Toyota's got 20 cars and GM's got 20 cars and Ford has a couple of cars. So...

Whatever. Yeah, so what you're saying is that more people that want to buy Tesla are going to have to buy this car specifically. Right. But at the same time, if you look at the brand, obviously these brands send a lot more vehicles total because they have more models too. Right. All right. Tesla sort of unveiled two new models this week, but they are for specific markets only. So the Model 3... Model 3...

with more range really it's a long range rear-wheel drive so it's basically a comeback here of bringing because right normally the model 3 long range is only available in all-wheel drive you have a standard range battery pack that is available in rear-wheel drive but now Tesla has put the rear-wheel drive with the long range back for but only for the UK market right now and not only only for the UK market but only for businesses in the UK market so

commercial use but not necessarily well it doesn't have to be i'm not talking like taxi services and all that but it has to be bought through a business that's what i'm saying um and it ends up with a range of 394 miles on a single charge which is pretty wild that's wltp too but the wltp and epa standard have started being getting closer so that that would probably be like 370 or something miles range on the epa standard so pretty wild

Starting price of £47,000. So it's a little bit cheaper than... Well, I mean, in USD, it's £58,000, but I think that includes the taxes in the UK. Do you think they got a couple of big orders in the UK for that particular model? Yeah, I mean, there's a lot of incentive in the UK for...

buying an electric vehicle through a business, what they call the BIC, like the benefit in kind tax that they get in the UK, normally for a car, it's between 20% and 37%, depending on the car. It's capped at 2% for electric vehicles. So...

Yeah, but that doesn't necessarily explain the specific model. So yeah, you might be right. There might be a specific company that went for it and they did that. We know that Uber is buying a lot of electric cars in the UK to make their service completely electric soon in the UK. So maybe something like that happened. I don't know. And they wanted a longer range vehicle and they don't need all-wheel drive that much.

I don't think like they could do, they have a winter in the UK, but it's not that wild, right? They don't have, it doesn't snow that often. Yeah. So you don't really need a whole little drive there unless you live in the country and you have like dirt roads and whatnot. But other than that, so, so yeah, this is, this is a very interesting move here. And then today it's not in the podcast post because I actually wrote the article after the, I wrote the podcast post.

But this is an existing model that just sort of made a comeback. The Model Y rear-wheel drive with standard range. So in the US now, you have the 4680 Model Y, which is sort of a standard range, but actually longer range because actually the structural battery pack is not exactly the same capacity as the 2170 cell standard range pack.

But yeah, so this model also is aimed at incentives again. So the Model Y rear-wheel drive has a range of, well, this is Canada, so it's 394 kilometers, 245 miles, the equivalent. So it's about 30 miles. Oh, no, just four miles shorter than that. No, it's 279 or 200.

49 uh the 4680 model y i don't remember let me check right now real quick 279 so yeah okay it's about 30 miles shorter than the 4680 one uh also it has again rear-wheel drive rather than all-wheel drive like the there's no rear-wheel drive right now available in the u.s so it's a model just for canada

And the thing is bring the price under $60,000. So basically $60,000. And what that does is on top of the federal incentive, $5,000 Canadian incentive that's available throughout Canada,

which was already available for the Model Y Long Range 2, but it wasn't reaching the threshold for the Quebec incentive, which is even higher at $7,000. So now this specific model is available. You get both of them in Quebec. So that's $12,000 discount. So the car basically starts at $48,000 discount.

which is starting to make a lot more sense. So the $48,000, it equated to $35,000 USD. So this is about the same price as the base Model Y in the state with all-wheel drive, which is very rare that we have the same price in the US, especially, again, with incentive on both sides here I'm talking about. So yeah, this is a big addition that's going to likely just...

Resulting in a big boost of orders in Quebec. And the rest of Canada, I think, also will enjoy it because it's just less expensive to start with. And if you only had access to 5,000, it's the same thing, basically. All right, let me go back to the podcast post. We have a few more Tesla articles discussed. No, one more. The trip planner. So this is a cool one that makes you think, like, why wasn't there already? But Tesla's trip planner is...

Making it sweet to the mobile app now. So if you just downloaded a new update that came out yesterday on your iOS or Android, now when you go to the location tab on the mobile app, you can search for location and you can have the car, like not have it, but you can plan a route to that location instead of just

looking for charger normally it was just it was for two things that location tab it was for knowing where your car was if you didn't know for whatever reason and um to look for a charging station around it but now you can plan a route including with charging stuff so in this case for for

To test out, I put the entire state building from my place in Shawinian and it plans the route for you like it does in the car. So in the car, you have that feature where it tells you you're charging stuff. So like stuff at Glassburg, you're going to have 7% charge it up for 24 minutes. Stuff at Albonica, supercharger and so on.

And then you can edit those location. You can edit those stop and everything, which is nice. And then the nicest of all is you can send that to the car. So that means you can now plan your trip from outside your vehicle and then send it to the car. You just come into your car and it's already in those where it's going. So yeah.

Some people are saying, "Oh, this is in preparation for Tesla being full self-driving and you're going to be able to tell your car to go somewhere from the app and whatnot." This is useful right now. Basically, if you don't have to go into your car to plan your trip, you can just be sitting at the dining table with your family when you're planning a road trip and you're like, "All right, let's do this and do that," and then you send it to the car and you're done. I think that's more of the goal than full self-driving.

Yeah, that's weird that people think that that's coming this year. Well, if you're Elon, you surely believe it.

That's it for our Tesla news this week. We have a bunch of other news to discuss, so we're going to jump into that. But I want to remind you that we'll probably have for another 30 minutes or so. The show's probably going to run a little bit late. But we're going to have some time to get into your questions, so you can put your questions right now in the comment section right now. We're going to get to them in a few minutes. We already have a bunch, though. If you want to put your questions, put them right now, because I'm probably going to maybe not have time to go through them all.

All right. Rivian did the obvious. We knew it was coming. Actually, we were surprised it wasn't announced earlier, but the CEO, RJ Skaring, confirmed that they're going to follow up Tesla's move to open up their charger, the DC fast charging network, because their Waypoint network was already...

open to non-Rivian vehicles but now they're going to do the same with the Adventure Network which is the name of their DC fast charging network which right now is I think last time I checked I don't know if we

commented on this here. I don't think we did. I think they have like two dozen station max right now. So it's not a big deal. But obviously, if they do reach their goal of 600 stations and 3,500 DC fast charger in the US, it's going to be more significant. And also they aim to have location more and that's why it's called the adventure network and location that enable off-road riding and things like that. So

It could be interesting. And obviously, they have the big advantage over Tesla that they don't need like a magic dock solution or anything like that. They already use the CCS adapter. And they have long, relatively long cables too, which is nice. This is a good picture. I haven't seen that many charging at once at the actual Rivian charging station. Obviously, Tesla's with the CCS adapter can charge there as well. Yeah, Rivian can do both now.

All right. The Polestar 4 was unveiled as an SUV coupe and without rear windows. I don't know what that's about, but the vehicle itself looks sharp. It looks like a little squish down Porsche Cayenne a little bit to me.

So it was unveiled at the Shanghai Auto Show like we discussed earlier. Here are some specs, 0-60 in 3.8 seconds thanks to a 400 kilowatt dual motor drivetrain. There's going to be a single motor configuration too where you lose half the power, 0-60 in 7.4 for that, which is nothing to bark at.

A range of up to 300 miles. Now we're going to have to be careful with that. So when they announced something in China, we don't know if they were talking about the Chinese driving cycle standard, which is a little bit lax. But at the same time, they're talking about the batch pack of up to 102 kilowatt hours. Yeah.

I feel like you should, even though the Polestar are not known to be the most efficient vehicles out there, I feel like you should be able to get EP range of over 300 miles with that, with a vehicle of that size. And do we have the size of it too? I can do that.

DC fast charging of 200 kilowatts, which is more than decent. 5% to 80% in 32 minutes, also very decent. Up to 22 kilowatt AC fast charging, that's also very good, though I would assume that it's going to be optional, like a dual charger option. I think most people are not going to want that necessarily because you won't use the 22 that often.

I know in some different markets they have, you know, like in Europe, they have the three-phase AC. Yeah, it is going to be an option, I would assume. Otherwise, it's overkill for the North American market. I don't have it on my original Model S. Like, I have the dual charger, but never... I think I use it... Oh, you have the 80 amp charger? Yeah, but, like, I think I use it, like, two or three times max. Like, some level two station happens to have it, but it's very rare.

You know, Parks Canada, like when you go to National Parks Canada, sometimes they have a lot of Tesla Level 2 chargers there. And sometimes they have it up to, I don't know, it's 22 ADMs. Is it 22 kilowatts? Pretty close. I think it's closer to 20, but yeah, whatever. Biodiversional charging. So that's basically a must now for new energy vehicles coming to market. Yep.

All right, the dimensions here. So it sits between the Polestar 2 and the new 3. Yeah, the 3 is a bigger SUV. Which makes zero sense, by the way. Yeah. Well, it's really just about when they come out. It's clear at this point that the naming scheme is like the Polestar 18. That's going to be one that's going to come out in 2030. Right.

It's two inches shorter in each dimension than the three. So it's not that much smaller than the three. Two or three inches taller than the three? Two or three inches taller. Okay, we're comparing it both to the three and the two at the same time here. It's a bit confusing. Two or three inches wider than the two and 10 inches longer than the two. Okay. Yeah, sorry. It's a little bit confusing though. But yeah.

They call it the D segment, so an SUV coupe. Yeah, you look at this angle, it's hard to see the SUV. It looks more like a sedan from this angle. Yeah, and it kind of looks like a Polestar 2 a lot. A little bit more refined than the Polestar 2. A little bit less muscle car. The Polestar 2, if you just squint for a second, it looks almost like a muscle car sometimes. This is a little bit more elegant design, I feel like.

All right. Do we have anything else noteworthy to discuss about? So here's the lack of rear window. I guess, I mean, everyone uses the rear camera view these days, so it's not that big of a deal. I don't know. Maybe it's going to make people feel claustrophobic a little bit in the back. I don't know. Yeah. So I have a problem with this. I understand if you have a design that makes the rear window small or hard to see or whatever,

you know, using a camera back there. But this one, it looks like they just made it solid for no reason. Like that, that piece above where the window should be could just be a window. It's like they did it specifically just to do it. Right. Like why not just make that glass? Yeah. Especially I would like to see the trunk open for some reason right now. Cause is this just this, the trunk that opens is this, or this, this part too.

not sure because if it's just this part yeah there's no excuse if it like but like so in case this is the pole star uh explanations is poor stuff say that this camera enables greater rear visibility for the drivers since instead of looking through a small aperture of the rear window the camera can offer that that's fair like yeah as long as your camera is clean as long as the camera is clean but but this one is on top yeah so it's it's gonna be a lot better

I mean, that's fine. A lot of cars have rear cameras that buy the license plate or whatever. And being on top is better for sure. But it just seems like this was done for no reason. And if you're going to do a really good camera, it doesn't mean you have to remove the window. You can have both. Yeah. Hard to argue against that. What? Pricing and timing? $60,000. Yeah, $60,000. Okay.

So, yeah, no official North American pricing just yet, but the range should be around starting at $60,000. I think they previously said like $60,000 to $80,000 is going to be the price range for it. 2024, so it's coming next year.

Yeah, I mean, I'm not mad at Polestar. I think Polestar is... They've got a distinctive look. Yeah, they are carving themselves a nice little piece of the market right now. 50,000 or so units that everybody has here. I think they're aiming for 80,000 this year. They're not making them profitably just yet, so we're going to have to keep an eye on that, obviously, but...

uh they're gonna have to turn this around but uh they're not too far from it and of course they're back by gili involved while volvo and gd same thing now you know one thing that i like about the pole star on that front is that um you know they're already all electric right now you know there was the pole star one thing that doesn't exist anymore so it's okay i'm i'm over it i was i thought it was weird at first like it it's sort of uh uh

I didn't see Polestar as seriously because of the way that they launched with the Polestar 1 obviously but I'm over it now I like them but

But what I like is because they're all electric now, the whole lineup is electric, and it's officially a separate company than Volvo and Geely now and even on the stock market and everything. I think that when the market shift is going to happen, which I think is going to happen in the next two years where only a small fraction of people are even going to consider buying a new car that's not electric, everyone else is going to know that your next car is going to be electric.

It's going to put a ton of pressure on Geely's other companies where they are like, okay, now we, we, we need to completely phase out our internal combustion engine vehicles programs. And I think that's going to be very good for Polestar because like Polestar is going to be that like Geely's savior, basically where they already are the all electric one. So they're going to shift everything on Polestar, I think. So, yeah, I mean, Volvo has plans to be all electric by 2030. Yeah. Yeah. Volvo is one of the most aggressive. You're right. But, um,

But still, a Geely is way bigger than Volvo and Polestar.

All right. So we talked a little bit about it, the ID.7 from Volkswagen last week because of a leak in China. But now it was fully unveiled this week at the auto show. So a range, a WLTP range of 435 miles. So that's very nice, especially considering, again, like I said earlier, the WLTP. Now I'm getting some doubt, though. Is it really WLTP or is it the Chinese standard? And we might have made a mistake here, but...

If it's really WLTP, this is very nice. But for some reason, as I said, I got a little bit of a doubt. Do you remember that set? Yeah, you go down a little bit. WLTP, it says. Yeah. 435. Seems high a little bit to me. Yeah, I mean, they've got a big battery and a really... 82? 82? This is a big car set. Ooh, yeah, that's true.

We're going to get back to you on that because we're seeing a debility here but I just want to be sure we're not hyping it a little bit too much. It's got a low drag coefficient, very low power motor. Wait a minute, so the European one has a bigger battery pack? A little bit bigger, not...

Well, 91 because they're using, you know, Volkswagen is big on that now. They released the gross and the net after the buffer. So a 91 kilowatt hour is starting to believe a little bit more, 400 miles range. But even then, this is a big car. 73 inch wide, 195 inches long. This is a full size sedan. Yeah, it's like the Passat.

But 0.23 of a drag coefficient, it is quite aerodynamic. Not as aerodynamic as like a Model S, but we're getting pretty close. Yeah. And with a very low power motor, maybe you can get the efficiency up. Yeah, because like here we said, although the EPA range will be lower, it will be mid to high 300 miles range. Yeah. With an 82 kilowatt hour battery pack...

Yeah, I would say low 300 miles range, more than high. Maybe. I don't know. Especially like Volkswagen is known for using a big battery buffer, but they have reduced that over the years. Now it's a five kilowatt battery buffer. Yeah, it's not too bad. Maybe. Yeah.

Yeah, just design-wise, it's pretty generic. It's not amazing. They originally showed this thing with that paint that changed color to try to make it interesting. Inside, it's very Sudan-y.

I mean, I'm not saying it's bad or ugly. It's a clean look inside, though. Yeah, it's a very nice vehicle inside and out. It's just not interesting. It's not very interesting, I guess. Yeah, it's nothing crazy. Do they have aero wheels, too? I don't know.

I'm building up to the idea. 170 kilowatt charging, not crazy. Normally, I like to see over 200 kilowatts. At this point, yeah. Yeah, but at the same time, Volkswagen is always focused on getting that charge curve not bending so quickly after achieving a peak. So maybe if they can maintain that 170 for longer, I'd be happy with it. So...

something to keep an eye on. Yeah. They have a big infotainment system in there. Um, anything other mentioning launching in North America next year? Oh yeah. 10 to 80% in 25 minutes. That's pretty, pretty speedy. So that charging curve must be pretty good. Yeah. We don't have any pricing on this yet, but you can expect it's going to be top of the line of, uh, of the ID lineup from Volkswagen. So, um,

looking at like a higher hand id4 probably going to be around that starting price i would assume all right now we're going to go very high hand people starting with bmw unveiling the new i7 m70 so it's the new top of the line i7 um let's go through it real quick over 300 miles of range 31 inch theater screen uh

Almost looks like a Rolls Royce if you just hide the front of it for a second. Especially with that two-tone. Yeah. What else? What else? What else? 660 horsepower, 0 to 60 in 3.7 seconds. That's using the launch mode or the M Sport Boost.

For those who don't know, M is like the performance sub-brand. I don't know if you call that a sub-brand. Almost like just a moniker. Yeah. Just short of 102 kilowatt hour of usable energy capacity. Usable. Okay. So it might be an even bigger battery pack too. It's starting to get significant. 300. Yeah. You see like this is about the size of...

The ID7 here, bigger battery pack, and they're talking about 348 miles of WLTP range. Obviously, it's a lot more powerful of a powertrain. So if you're using that sport-like driving performance, that makes that number go down versus the 435 miles discussed of the ID4, but still. Yeah, this is the new top-of-the-line BMW electric car you can buy, basically. Yep.

No, we don't have any pictures of the interior. I love the BMW interior. Okay. Does it look like it?

staying in a super luxury segment we have a mercedes maybach uh so this is the eqs 680 suv so it's the we are did you drive you know you drove the eqe suv yeah the eqe is nice but not nearly this nice yeah you drove the eqe amg so so maybach is like

Is it above AMG or is it AMG? Yeah, AMG is more performance oriented. The way I mean, back is more luxury. That's right. Yeah. All right. What we got here? I mean, since it's more luxury oriented, I don't think that they're going to change the spec that much. It's more going to be about the packing it with luxury features. So there's a mini fridge in there and things like that, like literally. Yeah.

So it's a two. Yeah, the configuration changed too. So it's a two plus two now. So it's, you know, I have the fifth seat. Yeah, and the back kind of looks like a first class cabin in an airplane. Yeah, let me see. I want to see. I want to see. Yeah, the front looks similar with like the giant screen of a Mercedes. So you see that in AQS and AQE too. The seats look like, ooh, a little bit more comfortable. Okay, yeah, you have a slider here. Let me see.

What is that? What am I even looking at right now? It looks like a flux capacitor. Yeah. All right. Yeah. Okay. This is... Look at that. Yeah. Don't forget the champagne. Yeah. The champagne glass and everything. Chilled champagne with the fridge. Yeah. Full screen in the back here. This is nice. Yeah. Another thing to have the list of things I could never afford. Right. Speaking of, do we have the price on this thing?

It's if you have to ask. Yeah, if you have to ask, you can afford it. The range also goes way down. No, 373 miles. Well, I thought it would go way down. Yeah, no pricing on it. But again, like Seth said. I would guess like 300. Probably. Yeah. All right. Going back from the higher end to a little bit lower.

more mid range, a new BZ. That's a, it sounds like Toyota is sticking with that naming scheme of new, two new electric. Those are concept vehicles though. So it's not, not as exciting, but they can basically preview what is going to come from the next few Toyota vehicles, but it's very early concepts and,

As you can see, the interior looks like nothing right now. Nothing that Toyota would bring to market, obviously. But the shape, this crossover one looks pretty good. It looks like maybe like a more aggressive RAV4. So whenever we actually get an electric RAV4, it's going to probably look a little bit closer to that. Again, interior looks like nothing. And no specs, obviously. No specs just yet. But Toyota is showing us something electric a little bit.

That's rare. We're going to take it when it comes. CATL. Normally, we don't always comment on those because there's always every week we get a company sending us press releases about their new battery that's going to change the game because it's super energy dense and blah, blah, blah. But the battery cells, they always have this thing where it's like you want them to be energy dense. You want this to have a longevity and you want them to be able to be produced relatively cheaply.

Also, I would add fast charging to that, that you want to be able to fast charge them. But that kind of goes with the longevity. Normally, it's kind of a balance between the two. But it's normally like you pick two of those situations, having all of them. And also, the one where the cost-effective aspect of it is one of them too that a lot of companies, they just don't even know until you can produce them in high volume enough for pilot production and can ramp it up. So,

Yeah, a lot of times we just don't report on them because they turn out to be nothing. In this case, we're talking about CATL here, which is literally now the biggest battery cell manufacturer in the world. So they have a lot of credibility and they know what they're talking about here because they basically design a cell around energy density. So the other factors are not as important as energy density because it is literally aimed at the electric passenger planes market. So they want to

have the battery that enables electric flight. Even though we're quite there already, we're like on the verge of it, but for a plane like this, a full-scale passenger plane like that, like...

740, 747, whatever, you need about 500 watt hour per kilogram of energy density. That's actually, that's a number that Elon came up with. Elon Musk has been saying for years that because he had a long time design for an electric plane and he was like, I cannot use that until I have this battery cell from, you know,

from from catl and as catl if you know them like they're serious about thing they unveil this thing and they're like this is going to production this year so they're not they're not kidding around um we don't have that much data beyond the energy density but again that is the focus of it yeah and you can see like the innovation here making its way to like super high performance cars as well like definitely yeah porsche's priorities

Yeah, and because for the plane, the other aspects is not as important. Obviously, I mean, longevity obviously is important, but not as important because I don't know what's the percentage cost of fuel in an airplane, using an airplane, but it's extremely high. Like it's a big, big, big percentage of running an airplane. So if you can bring that, slash that down,

It's massive. It changed the whole economics of flying. So as soon as you can just replace that with electricity and you can get that electricity cheap, airport, like you can cover an airport and solar panels and then get your electricity from there. And then the charging, the turnaround of a plane is not, depending on the flight, it's not super quick. So you can have some times to charge the batteries too. It's just one of the things to do when you turn around the plane.

So it makes a lot of sense. Like everything made sense for electrifying planes other than we just don't have the energy density of it. So now we're starting to get it. All right, that's it for all the news this week. We wanted you to get that right under an hour. Pretty good. Yeah, not bad. Giving us some time to get your guys' questions.

All right. So Elon said cyber truck launch would be third quarter. When do we, Mitchell Clark's asked, when do you predict a cyber truck launch will be held? Probably pretty close to the end of quarter three. What do you think?

Yeah, I mean, this is one of those things I know people are like, well, if Elon says Q3, then it has to be Q3 2024 or whatever, because he's been wrong about our predictions. This is not one of those kind of predictions. It's a lot more easy to predict on Tesla's side. And I'm not going to pretend that I have more information than Elon on that front. He knows the Cybertruck program a lot better than any of us. And it's

It sounds like he's being sort of careful about it because I think Tesla is still looking at starting production this summer, but streaming low production. And normally there's a few months between the start of production and the first and over event. So it all adds up pretty quickly, pretty well, I think. All right. Andrew C. Question. Any word on dual motor Rivians being delivered to customers yet? I haven't heard of that. They're called the Enduro motors and they're less expensive.

Uh, and they're a little bit slower and you can't do like torque turning. So, uh, but honestly, if, if they dropped my price a little bit, I would, I would happily take two motors since take tank turns and stuff. Aren't really on the menu anymore. I don't know. Top of your list. No. All right. Uh, Nick Cedar question, the bolt almost by accident looks to have an easily replaceable battery. Does that indicate a longer potential vehicle lifespan compared to the more integrated batteries? Uh,

I mean, most EVs you can replace the battery. It's not like a NIO or something like that where you have two minutes and you can change the battery automatically in a battery changing station. You need to go to the garage and have professional work on it and everything, including the bolts. Yeah.

I don't think that's going to have a big impact. Also, most cars won't outlast the batteries. You know, the battery lasts 10 years, which I think it will. I think a lot of cars are pretty bad shape after 10 years. It depends on the owner. Right. All right. Why long range and new long range rear wheel drive LFP Canada now qualifies for EV rebates, federal and provincial starting today. I think we covered that. Yeah.

Yeah, we're talking about Elon. Nobody can believe he doubled down again, except it's really... Not that surprising. Not that surprising. All right. V11 FSD beta is bearable now, but not autonomous. I've been hearing a lot of people say V11 is an improvement. I think it is.

an improvement, but it's, it's still not to a level where I can see a clear path to actual full self-driving capability on it. Right. Um, there's just too many things that it feels dumb at times. Like it feels super smart at times and then it feels super dumb. And, um,

And that sounds human to me. Sometimes humans, we act like it's getting drunk. Ironically, because that's one of the things that full self-driving would fix is it never gets drunk versus humans, they get drunk, they get tired. There's a lot of things that affect us. Angry.

yeah you road rage and things like that so uh but sometimes it like it's not consistent that's the weird right thing of it like computers should be consistent it's not so it's like oh okay all right uh when do you guys predict when y and three will be only lfb well i don't think the performance versions will be lfb anytime or the long range version either yeah i think um

Yeah. Yeah, I mean, that's the thing. There's probably room to improve LFP still. Like, I'm not saying LFP has attained its max level, but it's not going to be crazy improvements. So I think it's going to be a mix of around, like,

Probably like 60, 70% of all vehicles, passenger vehicles are going to be LFP. And then like 40, 30% are going to be nickel-based, manganese-based chemistry. That sounds about right. All right. Dan Obersay says, Cybertruck worker is carrying the suspension fluid reservoir. That's that tube that we... You're going to have to trust that on that one. Yeah, I don't know if that's a good source. Yeah.

Question, how does the 4680 sell compared to cattle's condensed battery, which has, oh, we just talked about that, relating to the current battery's density and how much kilowatt hours can fit in the same space? I think I saw that 4680s were about half that, like 250 watt hours per kilogram or maybe 300 at the top. And, you know, obviously Tesla's going to iterate that. Do you know anything about that? Yeah, well, I think that's just 2170. We're already around 250. Yeah.

creeping in on 300. 4680 might be less than that. I've never seen just the battery cell energy density. I think there's going to be a curve where Tesla is still improving on the actual design and once they reach full volume production, it's going to be the final design or version one. I think we're still on 0.6 or something like that of the 4680. There's room for improvement there.

But obviously, you don't need 500 watt-hours per kilogram for a passenger car. Well, like you said, maybe if you want to do like a crazy roadster at some point. Yeah. All right, Richard, cool. What is the current take rated for FSD? Elon was asked that during the conference call, actually, and he refused to answer. We obtained it once. It's a highly guarded system.

data at Tesla. We managed to obtain it once through a hacking leak that happened

that it wasn't even that information that weak. It's just that we were able to put it together from that. And I think it was, if I remember, it was a long time ago. It was like 2019, I want to say. And it was at like 15%, I think. That sounds about right. I wouldn't be surprised if it's still around that. Maybe the FSD better convince a little bit more people. But if it's over 20%, I'd be shocked.

All right. Any chance of Electrek Mastodon account anytime soon? We miss you over there. Well, guess what? We have one. We have one, but are we posting on it? Yeah, we have auto posting on it. Oh, yeah, we have auto posting on it. Oh, that's cool. It's very exciting over there. Come join us if you're on Mastodon. All right. When will the Model 3 long-range all-wheel drive or real-wheel drive be available to U.S. customers? The site just says available 2023. That is a weird thing. Like, I have to say...

Like it was, it was weird that it went away for a little bit, but it's been gone for a long time. Uh, kind of, I mean, what's, what do you think, what do you think is going on behind the scenes? Is there, are they waiting for the Highland or they, that was our biggest suspicion, but I really don't know at this point. Um, yeah, uh,

The rear-wheel drive, like shorter range or one in Canada, we suspect is at FP cells. And probably Tesla is not really looking forward to releasing that in the US just because you don't get access to the federal tax rate, but at least not the full one. So maybe they're not going forward with that. But yeah, I'm all for like, just make everything available everywhere and let the customer decide what they want to go with. I think that's the best approach.

All right. T9 says, question, what if Tesla's market cap was the same as Toyota's? Would you consider this as a success? But would investors consider it a success? I think the market cap needs to go down to be the same as Toyota right now. So...

I mean, I don't personally, I wouldn't compare Tesla to Toyota anyway. Like I think it's too different of a company at this point. Not just like the energy storage front and everything, which is going to be, that alone is going to be bigger than Toyota at some point soon. But also the fact that like all the servicing is Tesla, all the supercharger, these are all businesses by themselves and everything. So yeah, I don't compare Tesla and Toyota really. Yeah.

All right. Question. Do you think there will be any push for smaller EVs or EV batteries due to the excess weight? That parking garage collapse in New York City is ominous. In other words, less Ford Lightnings, more Bolts.

Yeah, I saw that. I saw some people linking that to electric vehicles, but I didn't see anything serious about that. It's not an active theory for people involved, is it? No. I mean, obviously, electric vehicles are typically heavier than... Correct. So, you know, if they're 30% heavier and a whole parking garage is full of them, it's 30% more weight. Yeah, but I would assume that the engineers involved in designing that are architects or the

They go for way over 30% capacity buffer, I would assume. But to your question, though, I think we need smaller EVs. We're at a time in the market right now where it's still so early for electric vehicles, well, relatively early for electric vehicles, where we still need to get the public perception on board.

That's why you get the super long range and everything because people need to see electric vehicle as being no compromise vehicle and as good or better than gasoline vehicle. Because the vast majority of human beings don't make decision for, for the environment. They make decision for themselves and the, there's no product that there's a small percentage of population that do that. So if you wore one of them, like kudos to you, you're a better human than me. But yeah,

Most people, they don't do that. It's an economic decision. It's a comfort decision. It's all for that. And you need the electric vehicles to not be a compromise. So that's why I think we still need right now those longer range EV and everything. But yeah, long term, once we're past that, I think there's going to be a market for like a smaller range vehicles. Yeah, for sure. More efficient too. Yeah, I love my Polk.

All right. Brad, would you expect Europe Tesla prices to follow the USA next week as happened over the last few months? Yeah. Honestly, if Tesla can get away without them, they're going to do it. So it all depends on. But I think the thing is with Tesla buyers specifically, they are smart enough.

to follow the news where, uh, or like the, they know the price cuts happen in Europe. So I think that Tesla kind of shoots himself in the foot with that, where, um, they, a lot of people are going to wait for Tesla to do, to, to do those price cuts because they know the price could happen in the U S so that the men will go down because of that. And they will have to lower the price. I would think. Yeah. People are suddenly waiting for it. Yeah.

All right, Greg Poland, this is something I've been thinking about. Does Tesla give a higher trade-in value for cars with FSD versus without FSD, or would it be better to sell to a private buyer? They say they do. They say they do, but what is the difference? It's not $15,000. It should be. It should be. It should be $15,000. I would be shocked if it is, though. Yeah, I mean...

Why wouldn't it be? If you're selling your car soon, if someone listening is saying they're Tesla soon and you have FSD, I'd be curious to see what Tesla quotes you for the car soon.

And if you're not, if you don't have FSD, send us your quote too if you test it so we can compare because maybe Tesla won't tell you the quote for without, they won't necessarily put the value of FSD in it. Actually, I know they wouldn't because it would be too easy to compare. So yeah, if you don't have FSD and you're getting your car trade in too, let us know what Tesla quotes you so we can compare. Yeah, I mean, do they have an online, like, you know, if you're doing a trade in? Yeah, they might actually.

I wonder if you have to enter your... No, you have to have a VIN if you do that. So, I mean, we would have to do... We would just have to have two VINs of the same. That matches one with all the FSD one with. Right. All right. Shana Sullivan, not sure if this happened in North America yet, but the new diesel cars in Europe are only around 15% less expensive than the electric equivalents. At the sticker price? I'm assuming.

That's actually surprising because diesel cells have been going down in Europe a lot over the last few years. I don't know why you would buy a diesel car. There's zero good things about it besides. I don't think the value of them would go down if the demand goes down. Right. All right. Last thing from Shane. Any thoughts on Project Highland being more than a facelift, i.e. move to LFP on long range, 800 volt and vehicle to load or just a regular facelift?

I think all those things are possible, but we haven't heard anything specific, have we? Yeah. I think it's more than a facelift in terms of, I think Tesla's going to introduce larger casting parts and things like that. Maybe structural battery pack. Not sure. 800 volt vehicle to, what's V2L? Is it vehicle to everything? Vehicle to load. To load, okay. They need to figure out. Yeah.

the not impossible like you said but not on top of highly likely in my own opinion all right mark webb what is the take rate on the round steering wheel versus yoke that's just switched to default being the round now today big deal actually yeah so uh i would assume that the take rate is higher on the round than the yoke at this point they're walking it back yeah

Well, there might be some pent-up demand, though, from people that didn't want the Yoke. So, I don't know. Do you think that Tesla will ever add directional haptic feedback in the driver's seat to let you know something you need to pay attention to? It's the best feature in my wife's Yukon. I've never experienced that, actually. So, I would have to see what it looks like. Yeah, some cars also do like a vibrant, like Chevys will do a vibrating seat. Like if you're going over the lane or it'll buzz. So, that's what he's talking about, probably. Yeah.

Yes. I take feedback at the seat level. Oh, yeah. I guess Yukon's also Chevy. That would be cool, I guess. Kind of weird, though. Especially, it kind of simulates the feeling of going over when there's like bumps. Oh, okay. Yeah, I know what you're talking about. Yeah. And Tesla does that with the steering wheel, right? There's like a... Or am I thinking of another car? I don't think there's vibration in the steering wheel. All right. I'm thinking of something else.

All right. Peter Nelius, if range isn't a concern, not road tripping, which SUV model would you recommend overall today? ID4, EV6, Model Y, Mach-E. Try to balance tech with reliability and practicality. I'm going to probably say EV6.

86 would be my second choice, I think. Though he said SUV. 86 is barely an SUV in my opinion. I would have to go with Model Y at this kind of pricing. Like the 4680 Model Y at $46,000 before incentive. Yeah, it's a pretty good price.

That's hard to beat. You don't get the tax credit on the EV6, do you? That's true. You get maybe half. Actually, I don't think you get anything. No, it's not built in the US or North America. ID4 is not bad, but at that price, yeah, Model Y...

I like the Mackie a lot too, though. Mackie is fun. But again, at that price, I would have to go Model Y. It's the safest choice, I think. Yeah. And then you get things like the Supercharger Network. Yeah, that's a big deal. But you said no road tripping. That's right. But I mean, Supercharger Network is also nice for hanging out in the city for a couple of days. Mm-hmm.

Dan Oberstay says, humans by square footage are heavier than cars, even EVs. Live load calculations for buildings where people may occupy are designed to carry areas full of people. Cars are not a problem. That's interesting. That's true. It's pretty tight, though. Yeah, can you pack? Yeah, you need to be packed pretty tight to compare to a car. A car is like 4,000 pounds. I don't think people congregate in that kind of density unless you're at a show or something. Yeah.

And then last question, Apple car for WWDC. I think that's Apple car probably not going to be shown. WWDC this year is probably going to be about the VR headset, I think. Oh, yeah? Yeah. Okay. Is there any rumors on the car? Is it 2025, I think? I mean, it always gets pushed back a year. I don't know. The latest one is like 2026 or something. Okay.

I didn't know that the virtual headset was coming soon. Take a look at that. We'll see. We'll see. All right. Well, thanks. If you're still listening right now, you're a real one. You're a true AV nerds. And we appreciate you a lot because we've been running a little bit late because we have a lot of news this week and a lot of questions too. And we appreciate every one of you that has questions this week. Thank you a lot. If you do enjoy the show, you can give us a thumbs up and a subscribe right now. That helps the show. If you're listening on your podcast app right now, after the fact,

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