Model 3 Owner Survey, Reuters Special Report, FSD v12, Highland, Ford Earnings (07.27.23)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 28 July 2023
⏱️ 14 minutes
🧾️ Download transcript
Summary
➤ Bloomberg publishes results of Model 3 owners survey
➤ Musk tests FSD Beta v12
➤ Project Highland sightings
➤ California attorney general investigation
➤ Reuters special report on Tesla range
➤ Ford beats earnings, lowers EV guidance
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Executive producer Jeremy Cooke
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Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody, Rob Mauer here, and today we are going to be talking about the results |
| 0:10.6 | of Bloomberg's Model 3 owner survey, it's a pretty comprehensive survey, a lot of interesting |
| 0:14.8 | details. |
| 0:15.8 | In there, we've also got a bit of news on FSD, a couple of different reports to go through, |
| 0:19.9 | and other items as well. |
| 0:21.5 | Not the best day for Tesla Stock today after a strong start finishing down 3.25% to close |
| 0:26.0 | at $255.71, while the NASDAQ was down about a half a percent on the day. |
| 0:31.8 | As a macro reminder, tomorrow morning we will get the Personal Consumption Expenditures |
| 0:35.4 | Report, PCE, so we'll keep an eye out for how those numbers come in. |
| 0:38.8 | Alright, we'll start off with a couple of quick items yesterday, Elon tweeted that he |
| 0:42.7 | tested the version 12 alpha build of FSD beta and said that it is mind blowing. |
| 0:48.2 | So as a reminder, FSD version 12 is supposed to be sort of end-to-end neural networks or |
| 0:53.8 | AI control, compared to today where neural networks are being more heavily used for perception, |
| 0:59.3 | and then for planning or control, there's a higher ratio of things that are specifically |
| 1:03.3 | programmed or essentially hard-coded into that part of the process today. |
| 1:07.6 | So version 12 would be eliminating a lot of that manual coding, replacing that in favor |
| 1:12.4 | of neural network type of controls, which is a very exciting prospect because those neural |
| 1:16.6 | networks can then be refined and trained over time, and just like we have seen perception, |
| 1:21.4 | we need a lot better, hopefully planning and decision making would get a lot better |
| 1:24.9 | very quickly as well. |
| 1:26.4 | So it's an exciting teaser for Elon Musk, obviously we don't know what the timeline |
| 1:29.5 | on that would be as usual, but I do think it's encouraging for them to at least have |
... |
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