Tesla Shareholders Meeting 2018 - 5 Takeaways - YouTube

Channel: Ben Sullins

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hey guys what's going on been sullens
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here with tez anomic sand I just want to
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share the top five takeaways that I got
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from the shareholders meeting which
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actually just ended I'm recording this
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immediately following it and the first
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one was about the SpaceX options package
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for the new roadster it's selfish I know
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because I'm getting one and I'm very
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curious what this is but the fact that
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basically Elon was talking about the
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model why the semi and the roadster are
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all going to exceed kind of all
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expectations that they had previously is
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just a great sign that not only are they
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making progress on producing more
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vehicles and new you know product lines
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essentially but that they're just going
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to continue to improve the quality to me
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this makes sense
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anyone that's followed tells it for a
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long time knows that that's how they
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roll even it translates over to how
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SpaceX operates so a SpaceX option
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package not sure what that means but uh
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but yeah the next thing is that the Giga
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factory in China has now been confirmed
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to be in Shanghai there were some news
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about this recently where the Chinese
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government authorized or approved them
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to wholly-owned their factory which is a
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big deal because prior to that owning or
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manufacturing things in China required
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that they be owned by a local company
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and that those companies were owned by
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majority stake by the Chinese government
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because of how the kind of government is
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set up there now they're going to allow
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Tesla to come in to Shanghai which is
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also kind of like the Silicon Valley of
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China from what I understand and put
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their factory there now this Giga
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factory will make batteries and cars
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presumably it'll start with the model 3
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the lower-cost one and with China's
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giant push for EVs they are now and I
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think even last year the largest Evi
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market in the world I think it makes
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sense and it bodes extremely well for
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Tesla so that'll probably be a couple
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years out honestly but the more you know
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that details come out the more we're
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gonna see Tesla's happening in China and
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that is just a huge market for them to
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tap into number three on my list was
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kind of combined there is the new
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version of auto pilot that Elon was
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talking about he even mentioned that he
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was
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the on-ramp off-ramp transition last
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night at 1:00 a.m. that previous to the
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actual event and that may or may not be
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included in this version which is coming
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out I think he said this week or next
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week but also that there will soon be an
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auto pilot trial people will be able to
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try it out for a few days and see
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whether or not they like it I think
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that's interesting because when people
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first get auto pilot I know when I first
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really started using it on the daily
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basis in my model 3 you get you're very
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cautious it seems very cool and you're
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kind of in this honeymoon phase so it
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makes sense a lot of people might try it
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for a day or two and then buy it and
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then later on realize maybe they don't
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need it and you know this and that so
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I'm curious if it all this will lead to
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a boost in auto pilot usage and if so
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what that means for helping them speed
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up the development of the technology
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because now they'll have much higher
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quality data so I hope a lot of people
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take advantage of it and I hope that
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helps us advance this system even better
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to get even safer than it already is
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another big takeaway I had was that
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Tesla within 5 years which in their
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terms is forever will get into the
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subcompact or compact market these are
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the much smaller vehicles like a smart
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car or maybe a Fiat 500 tiny little
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thing where Tessa will start offering a
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model like that I think that is
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incredibly interesting because in urban
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areas densely populated cities even at
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model 3 is a rather large vehicle to be
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driving around isn't that convenient so
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I think there's a big opportunity here
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as well as many other areas like the
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delivery van cise and things like this
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so that I thought was interesting
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because I hadn't heard anything about
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that prior to this meeting here and
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probably the biggest thing that I
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thought was interesting that they talked
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about or kept reiterating is that they
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will start selling the $35,000 version
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of the model 3 later this year later in
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2018 and if they're able to push the tax
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credit out to q3 I mean what I mean by
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that is hitting that two hundred
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thousand car delivered in the US by then
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this means that they will also likely
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qualify for the full tax credit meaning
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and if you live in a state like
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California which also has a twenty five
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hundred dollar state incentive
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you could literally be looking at a net
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cost of $25,000 for a model 3 which I
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think at that price it is a steal that
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is a tremendous value I've said it
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before where I think even the 60 to 70
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thousand dollar kind of slowly Specht
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out version that you get now is a bit
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high for what you get and the
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performance one I think it isn't worth
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it
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$25,000 this is going to be an amazing
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value for that so I think that was big
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news that a lot of people just wanted to
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hear ilan say it and the last one I'll
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talk about is the battery advances now
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we've all thought about solid-state
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batteries or all the other kind of
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different technologies that are being
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tested in labs and are being proven to
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you know hopefully give us 2x maybe even
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10x what we have now in terms of energy
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density per pound or per kilogram and
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they kind of brushed that off saying
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like the idea would be to have a purely
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lithium anode to improve the cell
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technology so it didn't really seem to
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be something that would that would be a
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total shift in direction and I've talked
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about this a lot because I think that
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makes sense right they have so much
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money and kind of infrastructure built
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up around the cell technology so to
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shift that over for my understandings
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that would be a dramatic change that
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would cost a ton of money and also would
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take a ton of time and not things that
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tells it really has a luxury of right
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now so I think that they're gonna
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continue on this path of making cells
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and they're gonna work on the chemistry
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of those cells and continually improve
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them so you have the guys my top
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takeaways from the shareholders meeting
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I'm curious what you guys think if
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Tesla and kind of an analytical
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watching and don't forget when you free
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the data your mod will follow