People Are Wrong About Tesla’s Battery Costs + IIHS Study, Security Breach (03.10.21)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 11 March 2021
⏱️ 12 minutes
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Summary
➤ Research group publishes study on Tesla’s battery costs compared to the rest of the automotive industry
➤ GM EV Day recap episode: https://youtu.be/4qbwoXxtQzk
➤ IIHS publishes study on automated driving assistance system impact on driver situational awareness
➤ China MIIT confirms Model 3 SR purchase tax exemption in China
➤ Security breach impacts a number of organizations and companies, including Tesla
➤ Another state minister in India chimes in on Tesla’s local production plans
➤ Survey results indicate top reasons people may not want to buy a Tesla
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Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody, Rob Maurer here, and today we're going to be talking about Tesla's battery |
| 0:11.0 | costs. |
| 0:12.0 | We also have a new study from the Insurance Institute for Highway Safety, some news on |
| 0:15.5 | the Model 3 out of China, a security breach that has impacted Tesla, and a couple other |
| 0:19.6 | stories as well. |
| 0:20.6 | A little bit quieter over a day in the market today, Tesla finishing down 0.8% to $668.6 |
| 0:27.1 | compared to the NASDAQ down just 4-100s of a percent. |
| 0:30.1 | The big macro news today is of course the passing of the stimulus relief bill in Congress, |
| 0:34.1 | President Biden has scheduled to sign that into law, then on Friday. |
| 0:37.5 | Alright, so I think the most discussed news on Tesla today is around battery costs, care |
| 0:41.9 | and energy research advisors published a research report on battery costs in the industry |
| 0:46.9 | that's got picked up by CNBC and a couple other outlets today. |
| 0:50.0 | They estimate Tesla's battery costs to be at $142 per kilowatt hour, at the cell level, |
| 0:55.5 | versus the industry at $186 per kilowatt hour, then they also cite GM at $169 per kilowatt |
| 1:02.8 | hour. |
| 1:03.8 | They also said that they believe over time through 2030 that General Motors will close |
| 1:07.3 | that gap, and be close to cost parity with Tesla by the end of the decade, saying quote, |
| 1:12.5 | GM is fully committed and is taking this complete integrative approach, which is going |
| 1:16.3 | to allow it to be very close to Tesla, although the scale still isn't in the same ballpark |
| 1:20.5 | as what Tesla is planning. |
| 1:21.9 | End quote. |
| 1:22.9 | Okay, so as you might have guessed, I don't fully agree with this analysis, let's start |
... |
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