Charging Insider

05/05/2024

BREAKING: Tesla has launched a brand new Long Range RWD Model Y variant in the U.S.

• Price: $44,990 ($37,490 including Federal EV credit)
• Range: 320 miles

The previous Model Y RWD with 260 miles of range has been discontinued.

24/04/2024

BREAKING: Tesla has officially launched the new Model 3 Performance, the most powerful Model 3 ever.

Here's everything that's new:
• Starting price: $52,990
• 0-60mph: 2.9s (vs 3.1s in old version)
• Range: 296 miles
• Top Speed: 163 mph
• Adaptive Suspension: Powered by in-house software. Gives enhanced body control, without sacrificing daily usability or comfort.
• All-new high-performance drive units deliver 500+ horsepower.
• Track Mode V3: All-new calibration for the powertrain and adaptive suspension.
• Ventilated Sports Seats: New seat design with enhanced side and cushion bolsters.
• Performance Chassis
• Forged Performance Wheels: Lightweight, staggered wheels provide sharper turn-in response, improved predictability, increased traction out of corners and optimized aerodynamics.
• High-Performance Brakes: Enhanced pedal feel and improved heat management.
• Exclusive to Model 3 Performance, redesigned front and rear fascias, rear diffuser and carbon fibre spoiler.
• Carbon Fibre Details: Lightweight carbon fibre interior décor and refined weave pattern.

This is the best value Performance car on the market.

16/04/2024

Quick history of Tesla layoffs:

• 2017: 2% of headcount
• 2018: 9% of headcount
• 2019: 7% of headcount
• 2022: 10% of salaried workers (3% of global headcount)
• 2024: ~10% of headcount

Tesla's global employee count expanded from 38,000 in early 2018 to over 140,000 in early 2024. Laying off ~10% of your workforce is not a small number, but Tesla's last major round of layoffs was a while ago. Many companies were doing large job cuts between late 2022 to late 2023, but Tesla didn't.

For a company of its size, periodic adjustments to the workforce are normal, particularly during challenging economic periods and or periods of growth.

Between 2016-2022, Tesla saw over 50 executive/high ranking departures. Some of them were the most tenured employees at the time. CFOs, heads of AI, VPs, a co-founder, etc, but in the end Tesla continued to grow and innovate. I'm not just trying to put a positive spin on this because I'm a $TSLA shareholder. While today's executive departures are definitely unfortunate and their talents will be missed, I still feel optimistic about the company's long-term prospects. However, I also acknowledge that the road ahead will probably be little bumpy (what else is new with Tesla lol).

It seems Elon wants to go all-in on AI/autonomy/robotics. To set Tesla up well for its next phase of growth, he might have felt some restructuring and reorganization was needed.

04/03/2024

Mark Gurman on Apple's car plans: "It was about to launch the Apple Watch, which it thought would crush the Swiss watch market.

Apple wanted to do the same thing for cars. With that in mind, what was the point of introducing a Tesla clone? That wouldn’t revolutionize the industry. By the time Apple realized their mistake a few years ago, it was too late. All of the design work had focused on a car meant to have no steering wheel or pedals. The company also had sunk billions of dollars into developing a Level 5 self-driving system — the highest level of autonomy. The die was cast."

27/11/2023

The cost of a battery pack has decreased by an order of magnitude since 2010.

2010 — $1,391 per kWh
2011 — $1,079 per kWh
2012 — $848 per kWh
2013 — $780 per kWh
2014 — $692 per kWh
2015 — $448 per kWh
2016 — $345 per kWh
2017 — $258 per kWh
2018 — $211 per kWh
2019 — $183 per kWh
2020 — $160 per kWh
2021 — $150 per kWh
2022 — $161 per kWh
2023 — $139 per kWh

14/11/2023

: British petrol station giant EG Group just announced it will buy Superchargers from Tesla.

It is the first deal of its kind entered into by Tesla with a third-party charge point operator in Europe. EG wants to expand from 600 chargers currently to over 20,000 across 3,600 locations.

The chargers will be available to all electric vehicle drivers. "The chargers will be branded ‘evpoint’ and will leverage Tesla’s industry-leading technology." The value of the transaction is undisclosed.

29/10/2023

Q3 2023

Revenue
GM — $44.1 billion
Ford — $43.8 billion
Tesla — $23.4 billion

Net Income (Profit)
GM — $3.1 billion
Ford — $1.2 billion
Tesla — $1.9 billion

Adjusted EBITDA
GM — $3.6 billion
Ford — $2.2 billion
Tesla — $3.8 billion

11/10/2023

Tesla just produced its 20 millionth 4680 battery cell, but many are missing the growth behind these numbers.

• January 2022: 1M 4680 cell produced
• January 2022 ~ June 2023 (17 months): 9M additional 4680 cells produced (10M total)
• June 2023 ~ October 2023 (4 months): 10M additional 4680 cells produced (20M total)

Essentially in just 21 months, Tesla ramped up from producing their 1 millionth cell to their 20 millionth, while doubling the 10M cells produced to 20M in just 4 months that previously took 17 months.

If this isn’t what you call the definition of exponential growth, I don’t know what is.

20/09/2023

Tesla is still misunderstood by most people.

Tesla is not a car company. They just happen to sell cars, which happen to be robots on wheels.

Saying Tesla is just a car company is like saying Amazon was just a book company or Apple just a phone company.

Point being, you have to be able to look into the future a little bit and make some educated predictions on what’s going to happen. This is backed by research of course.

Tesla is the most innovative and vertically integrated company in the world. Do some people honestly think they’ll just sell “cars” forever?!

Yes most of their revenue is coming from vehicles (robots on wheels) for now. But for the people doing their homework, they know that is going to drastically change soon.

Keep in mind Tesla still maintains industry leading auto margins, which have only been lowered due to the fact they have pricing power and decided to lower prices due to high interest rates. They want to sell as many cars as possible, after all their mission is to accelerate the world’s transition to sustainable energy.

Economies of scale will also help margins along will declining battery cost, the number one cost that goes into producing an EV.

Selling as many cars as possible plays into the next part. Eventually, virtually all these vehicles will have FSD, and this is how they’ll go from a car company to a tech/software/AI company overnight. A flip of a switch and suddenly each car just got that much more valuable.
FSD is expected to have insane margins, I’m guessing close to 80%.

Here are some big segments we can look forward to from Tesla:

• Energy
• FSD
• Robotaxi
• DOJO
• Optimus

Energy has been growing much faster than auto and is expected to start showing up in the next few quarterly reports.

Each one of these will transform Tesla in many big ways. Bot being the ultimate endgame.

Tesla will eventually license FSD to other Automakers.
Elon has mentioned a few times that the value of a Tesla will ~5x when FSD is unlocked.

—

I think we are in the 2nd inning, looking at the big picture. Meaning, we are still super early.

This is the most exciting time to be alive, we are witnessing history happen before our eyes.

Tesla is an anomaly.

They will shock the world. ⚡️

I’m excited. Are you?

$TSLA

(Refreshed Model 3s pictured below)

19/09/2023

The British "Daily Telegraph" website published on September 16 the title "Britain cannot follow blundering Von der Leyen into dead-end protectionism". The article believes that China's full-scale attack on the global electric vehicle market is indeed worthy of attention. After all, this may involve to tens of thousands, even millions, of jobs. But when the EU's first response to industrial competition is to reach for protectionist tactics, you know its economy is in serious trouble.
It is economic losers – not winners – who resort to protectionism.
The European Union, the United States, and even the United Kingdom have invested heavily in government subsidies for "green" industries, including electric vehicles.
But the Chinese have seized the opportunity and are already far ahead. Europe was caught off guard and failed to adequately and comprehensively consider the industrial, economic and geopolitical implications of its rapid move to zero emissions.

Von der Leyen has succumbed to French pressure for protectionist measures, angering not only the Chinese but even her compatriots in the country's Rhineland industrial heartland.
Realizing that the trade war will hit its business in China hard, Mercedes-Benz came out to condemn the move as counterproductive, while Bosch, the world's largest automotive industry supplier, said there are only losers in the race to punitive tariffs and trade barriers. .
For those legitimate Chinese car brands, let them be. Competition is all good. In fact, many Chinese models are cheaper than most European cars and offer superior performance, so why should consumers be deprived of these benefits?

> Article: https://www.telegraph.co.uk/business/2023/09/16/britain-europe-china-electric-car-industry-protectionism/

> Source: X/htchpros

19/09/2023

NEWS: Toyota says it believes it can close the gap with Tesla and others by combining new technology with the famous lean production methods it has used for decades to wring inefficiency, including excess costs, out of manufacturing.

Last week the company showed off a prototype of the die-casting technology known as "gigacasting" that Tesla pioneered.

> Source: https://www.reuters.com/business/autos-transportation/ev-battle-toyota-bets-new-technology-old-school-thinking-2023-09-18/

17/09/2023

Cybertruck charging at the 50,000th supercharger in Roseville

📸: X/mahkusg

17/09/2023

Tesla now having produced it 5 millionth vehicle, that means Tesla's entire fleet is driving on average over 150 million miles per day.

16/09/2023

🎉Visit the first Tesla Center in Thailand🇹🇭

📍Ramkhamhaeng Road, Bangkok, Thailand

14/09/2023

Tesla has officially introduced Powerwall 3 on its website, along with its specs.

Highlights:
• Energy Capacity: 13.5kWh (same as before)
• Solar inverter directly integrated. 6 solar inputs (up from 4)
• On-Grid Power: 11.5 kW continuous
• Now flood resistant to over 2 ft
• Backup Power: 11.5kW continuous (64% more than before)
• System expansion available anytime. 40.5 kWh max addition per unit
• 287 lbs (16% lighter than Powerwall+)
• Dimensions: 43.25 in x 24 in x 7.6 in
• Tesla says Powerwall 3 is coming in 2024

31/01/2023

Tesla earnings 2022 👀

Tesla have reported a net profit of €4.1billion for Q4 2022.

A huge number considering their profit margin for their electric car sales fell 25.9%.

A massive 37% increase from Q4 2021.

Operating costs reduced by 16%.

Full year profit for 2022 - $12.6billion.

Revenue - $81.5billion.

Both figures over a 50% increase in 2021’s numbers.

In the last 3 months of 2022 alone, they delivered over 400,000 vehicles worldwide, a new record high.

Full year deliveries hit 1.31m, another record high.

It’s safe to say 2022 was a successful year for Tesla.

All this despite the “Twitter distraction” 😂

24/01/2023

EV demand may be slowing down, but that hasn't stopped the UK Government, from pushing forward with its goal of delivering 300,000 public ev chargers by 2030. According to a new report by New Automotive, the target is still on track to be met despite the drop in numbers.

07/01/2023

[EVs in UK] December 2022 new UK car market share for BEV (Battery Electric Vehicle) was 34%
Into that 34% BEV and 39% of it was Tesla.

05/01/2023

In 2022, sold 1.86M NEVs, of which 911,140 are BEVs. Tesla’s unit deliveries of 1,313,851 vehicles still dominates worldwide sales.

05/01/2023

provided almost 23% of US electrical generation during the first 10 months of 2022, according to Energy Information Administration (EIA) data

01/01/2023

On average, battery electric vehicles are 3 times cleaner than petrol cars in Europe.

Here are the main key takeaways from T&E report:

1. 𝐓𝐡𝐞 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐢𝐬 𝐦𝐚𝐝𝐞 𝐝𝐮𝐫𝐢𝐧𝐠 𝐝𝐫𝐢𝐯𝐢𝐧𝐠.

The petrol car is emitting CO2 emissions during the use. The BEV driving emissions are based on the type of energy used to recharge the vehicle. In Poland, it's coal while in France, it's nuclear power.

Even with the worst case scenario (battery produced in China and car is charged in Poland), the BEV is still 37% cleaner than petrol cars.

2. 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐜𝐚𝐧 𝐥𝐨𝐰𝐞𝐫 𝐭𝐡𝐞 𝐞𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬

According to Ricardo’s 21 LCA (commissioned by the EU Commission), recycling enables a reduction of the production carbon footprint of a car of about 19% in 2020 and 22% in 2030.

Recycling concerns not only the battery but also the vehicle.

BMW is probably the most active in this field. The BMW Group has set itself the target of increasing the proportion of recycled material to an average of 40 percent by 2030.

3. 𝐏𝐥𝐮𝐠-𝐢𝐧 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐯𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐚𝐫𝐞 𝐞𝐦𝐢𝐭𝐭𝐢𝐧𝐠 𝐚𝐥𝐦𝐨𝐬𝐭 𝐚𝐬 𝐞𝐪𝐮𝐚𝐥 𝐚𝐬 𝐡𝐲𝐛𝐫𝐢𝐝 𝐯𝐞𝐡𝐢𝐜𝐥𝐞.

It's probably one of the biggest greenwashing. That's why Europe will ban this kind of vehicle by 2035.

"The results show that HEVs only achieve a 21% reduction in LCA emissions compared to an equivalent petrol car while PHEV improvements are limited to 26%.

This poor performance of PHEVs is caused by the fact that in real world operations, only about 38% of the kilometres are driven in electric mode."

4. 𝐒𝐲𝐧𝐭𝐡𝐞𝐭𝐢𝐜 𝐟𝐮𝐞𝐥𝐬 𝐡𝐚𝐯𝐞 𝐥𝐢𝐦𝐢𝐭𝐞𝐝 𝐂𝐎2 𝐞𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬 𝐫𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧

"running a petrol hybrid car on a blend of synthetic and conventional petrol would only reduce emissions by 5%-7% for cars bought in 2030"

The main reason is the availability at the pump station. Only 0.4% of the fuel at the pump station is expected to be e-fuels by 2030.

But, if the car is entirely fueled with synthetic fuels made 100% from renewable energy, the emissions would be reduced more significantly at around -82%.

Despite the fact that battery electric vehicles have emitted more emissions at the production phase, this kind of vehicle is still cleaner than other types of powertrain (FCEV not included) during its life cycle.

But, there's still work to be done to reduce even more the emissions from BEV:
- An electricity mix toward more renewable energy for the recharge but also at the production stage.
- Avoid the importation of batteries from China.
- Sustainable industrial process to reduce CO2 emissions at the mining and processing stage....etc

Source: T&E

29/12/2022

The business of EV charging is not just about the EV charger.

27/12/2022

25 Years of Lithium Production
1995 to 2021

26/12/2022

TESLA Delivery prediction for this year. This prediction is intended to be a 50% too high /50% too low overview. What do you think?

2021: 936,000, +87.4%
2022: 1,325,000, +41.6%
2023: 1,950,000, +47.2%
2024: 2,700,000, +38.5%
2025: 3,800,000, +40.7%

20/12/2022

Cold weather can cause a decrease in the electric vehicle (EV) range. The range loss is not a problem with the EV's battery.
Range loss is the result of slowed chemical reactions and increased resistance in the battery and powertrain due to cold temperatures. It’s temporary.

16/12/2022

HSBC to stop funding new oil and gas fields, following Lloyds Banking Group similar action in October 2022.

13/12/2022

According to data from automotive lease provider LeasePlan, the cost of owning and running an electric car is now lower than petrol or diesel in almost every country in Europe.

This means that the "total cost of ownership" for electric cars is now competitive with gasoline-powered cars, making them a more cost-effective choice for consumers.

02/12/2022

A new report from the Scottish Futures Trust has found that ending free charging, or very low-cost pricing, will attract the significant investment needed in Scotland’s public network over the next decade.

01/12/2022

A survey from the Norwegian EV association said 51% of drivers use a fast charger only once a month.

30/11/2022