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Tesla Daily: Tesla News & Analysis

Berlin Ramp Accelerates, Achieves Volume Production + Incentives, Pricing, FSD, Turkey (03.27.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 27 March 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

➤ Tesla achieves new production rate milestone at Giga Berlin
➤ New purchase incentives added by Tesla ahead of quarter end
➤ Model S/X inventory check
➤ Analyst notes discuss pricing expectations
➤ Tesla starts rolling out FSD Beta v11.3.3 to more customers
➤ New Cybertruck sighting
➤ China updates
➤ Tesla teases Turkey launch

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Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Michael Pastrone
Executive producer Richard Del Maestro
Executive producer John Beans
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody, Rob Mauer here. Welcome back to Tesla Daily. Today we are talking about

0:11.1

Tesla's new production milestone at Kigbra Lin. We also have new incentives added by Tesla

0:15.8

ahead of quarter-end, some updates on the Cybertruck, and more.

0:19.2

Decent start to the last week of the quarter for Tesla stock up about 3-4% today to $191.81

0:25.4

while the NASDAQ was down half a percent on the day.

0:28.2

Alright, let's get right into the update on Kigbra Lin. Tesla over the weekend on Twitter

0:31.6

confirmed that Kigbra Lin has hit a 5,000-unit production week. So huge milestone for Tesla.

0:38.2

This is what Tesla usually refers to as being volume production. It's about a quarter

0:41.7

of a million vehicle per year run rate. So hitting that target less than a full quarter

0:45.4

later, really not too far off of that goal. What I think is most exciting about this, though,

0:50.1

is that Tesla accomplished this step up from 4,000 vehicles per week to 5,000 so quickly it

0:55.4

was actually only 27 days ago when we talked about them hitting 4,000 for the first time.

1:00.7

That's almost a third of the amount of time that it took Tesla to go from their first

1:03.7

3,000-vehicle week to their first 4,000-vehicle week at Kigbra Lin. That took 70 days.

1:09.1

So you may remember that last month we took a look at how this ramp had been progressing

1:12.5

based on those milestones that Tesla had shared with us previously, and despite all the

1:16.6

challenges, if you look at this graphically, the ramp seemed to be progressing quite smoothly.

1:21.0

And although we did have limited data, we could extrapolate that pretty nicely, getting

1:24.2

pretty good fits, and that seemed to imply that a 5,000-vehicle week would happen probably

1:28.4

for the first time in April. So if we add this new data point, it's pretty well ahead

1:32.6

of what the progress so far would have indicated. Now, some of that could be attributable to

1:36.8

differences in shifts, things like that can be a little bit more step changes in terms

...

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