Tesla is giving their employees access to their latest solar roof product, version 3.5 to help test it before it does a wider launch later this year.
It’s unclear as to what exactly the new features are in version 3.5, but the focus seems to be on durability and ease of installation. If implementations on employees’ roofs go well, we’ll most likely see an introduction of the new Solar Roof at the end of this year when they begin installations.
The company has gone through a few different versions of the solar roof over the years, with Solar Roof version 3 launching in 2019. CEO Elon Musk stated that Tesla was aiming to produce 1,000 new Solar Roofs per week by the end of 2019.
According to Electrek, Tesla halted scheduling solar roof installations across most markets in the US. This is allegedly due to high cost, and issues with the roof tiles. Third-party companies, however, were able to continue installing Solar Roof.
During the second quarter of 2022, Tesla installed 23 roofs per week or 2.5 MW, short of their intended goal. It’s possible Tesla was waiting for the newer version of the roof tiles before resuming installations.
Until recently, it was difficult to gauge how many Solar Roof installations took place because Tesla bundled the number of installations with its solar panel retrofits, which are much more popular due to their cheaper cost.
As Tesla prepares to resume Solar Roof installations in the fourth quarter of this year, we anticipate that this new iteration of the product will simplify installation, reduce costs, and increase the product’s reliability.
Elon Musk teased the Optimus humanoid robot prototype at Tesla’s annual shareholder’s meeting. A new image of the robot was revealed ahead of the official unveiling on September 30th, giving us a better idea of what the humanoid robot may look like.
The image features the hands of the Optimus prototype. The image serves as a promotion for the upcoming AI Day Part II event which aims to recruit AI talent to the company.
At the shareholder meeting, Elon reiterated that he believes that the humanoid robot business will become bigger than Tesla’s automotive business:
“I suspect Optimus is going to be more valuable than the car long-term. It will turn the whole notion of the economy on its head.”
Elon previously mentioned that Optimus could solve the labor shortage and shift the economy to reduce labor costs. Tesla plans to leverage its expertise in power electronics, batteries and AI expertise to build a revolutionary product.
Elon initially claimed that the robot would perform simple and repetitive tasks, including manufacturing operations. Tesla eventually plans to improve the robot over time, enabling it to perform more complex tasks for both commercial and consumer applications.
Earlier this year, Elon announced: “Tesla AI Day Part II” with “many cool updates.”
The first “Tesla AI Day” (recap of event) held last year was an event focused on the company’s full self-driving technology. At the first event, Tesla announced plans for the Optimus humanoid robot.
The second AI Day was initially supposed to be held a year to the day after the first one, but it was pushed back to September 30 to give Tesla more time on the robot, according to Elon.
Elon says that Tesla aims to start production in 2023. This is a very ambitious timeline for such an ambitious project, but Elon has said that Tesla is prioritizing the development of the Optimus humanoid robot in 2022 over other products.
Tesla held its 2022 shareholders’ meeting yesterday. At the event, Tesla discussed a variety of products and features including FSD Beta 10.13, the Cybertruck, Tesla Superchargers, and a new Tesla factory.
You can watch the entire event below (starts at the 2 minute mark), or read Dan Burkland’s recap, which was originally posted on dburkland.com.
• Martin – Intro
• Global fleet of cars and vehicles to avoid 8.4M metric tons of green house gas emissions
• Avoided emissions that were equivalent to ICE vehicles driving 20B miles
• By 2030 Tesla plans to sell 20M vehicles / year
• In June 2022 Tesla achieved the highest vehicle production month in their history
• Tesla continues to make an impact w/ Solar & Energy Storage business
• Tesla sold 4 GWH of energy storage products in 2021, enough to power 3M homes
• Solar demand has increased 4x
• Goal is for all factories to be carbon neutral
• Tesla already uses less water per vehicle than any other automaker
• Sustainability drives everything Tesla does
• Proxy Statement: document
• Attempting to achieve a 2M vehicle / year run rate by end of 2022
• Tesla just recently produced their 3 millionth vehicle
• Looking back 10 years ago, Tesla only made 2500 Roadsters and maybe a couple hundred Model S (August 2012)
• “Cleanest exponentials” -Elon Musk
• $TSLA shareholders have approved the 3-for-1 stock split
• Important to note the increase in strong free cash flow is occurring before autonomy
• “This year I swear” (FSD being released to public)
• “Made some significant architectural improvements with FSD Beta 10.13 release, might qualify for 10.69” -Elon Musk
• “It’s gotta earn that” -Elon Musk
• “We are going to solve Chuck’s turn” -Elon Musk
• “Roughly 90% success rate w/ Chuck’s turn”
• “Might be next week” -Elon Musk
• “It’s working well for me” -Elon Musk
• FSD will save lives by driving an order of magnitudes safer than people
• Tesla has the highest operating margin in the entire industry
• Every time a competitor advertises for EVs Tesla notices an increase in sales
• Model Y is tracking to be highest vehicle by revenue by end of 2022 and highest by unit by end of 2023
• Tesla will soon be ready to announce another factory location by end of 2022
• Tesla plans to eventually have 10-12 Giga Factories
• Each factory will have the capacity to produce 1.5-2M vehicles per year
• Fremont factory is highest output car factory in North America
• Elon thinks it’s going to be a friendly competition between Berlin, Fremont, and Texas (Shanghai hard to beat)
• Tesla has produced more energy than it consumes (includes vehicle charging)
• Tesla battery recycling is already happening at a rate of 50 packs per week in Nevada
• Continues to scale
• Not that many batteries to recycle since their longevity has been really good so far (more of a longterm play)
• Will be focused on scaling
• “What are all the things needed to achieve a fully sustainable global economy”
• Cathode materials
• Aluminum, Etc.
• Goal is to reiterate this is absolutely doable and that we want it to be done as fast as possible
• Lighter
• Stiffer
• Better NVH
• Better in pretty much every way when compared to stamped underbody construction
• Model Y requires only 30% of robots needed to produce vehicles as required by the Model 3
• Improved layout of factory where it is now a signal monolithic factory
• Eventually all cars will be self driving but it will be hard to replicate Tesla’s manufacturing capabilities
• Employees are free to switch between SpaceX & Tesla
• Factory safety has dramatically improved, Elon believes they now have the safest factories in the business
• Tesla has encouraged employees to submit suggestions on improving factory safety with a goal of 3 suggestions per employee (They have since met that goal and safety has increased as a result)
• 3M job applicants over last year
• 99.96% uptime
• Continue to deploy V3 Superchargers, V4 set to be deployed next year
• Elon mentioned that more good news regarding the Supercharger network is coming
• Tesla has a very detailed feedback loop when it comes to vehicle crashes
• Auto seat belt tensioning is an example of how Tesla continues to improve safety via OTA updates
• Activated via Autopilot AI when a crash is 99.99%+ sure to happen
• Tracking to well over 100M miles by end of 2022
• Wide spread release by end of 2022, will be available to anybody who requests it
• September 30th, 2022
• Elon believes Optimus will turn the notion of what an economy is on its head
• 10 years ago they had less than 3000 cars, now its more than 3M
• Elon thinks vehicle production should be able to exceed over 100M 10 years from now
• Tesla has used a small amount of its available cash for acquisitions and that will continue to be the case unless the right opportunity arrises (automation, software, manufacturing, etc.)
• Spending CapEx and R&D money as fast as they can without wasting it
• Share buyback may be in the cards as long as there isn’t another force majeure event
• 12 factories seems to be the perfect number with a maximum production rate of 2M vehicles per factory
• Specs and pricing will be different (a lot has changed since 2019)
• Inflation and various issues are to blame
• Production equipment & tooling will begin getting installed in Giga Texas, volume production still targeted by mid-2023
• Elon hopes for peace and respect between the US & China
• Permits are extremely hard to obtain in some areas (ex. Malibu)
• Tesla continues to prioritize new Supercharger locations by busiest locations
• Elon mentioned there will be an online poll where people can vote where they want new Supercharger locations built
• Trying to do more fun things when it comes to Supercharger locations (ex. Futuristic Diner in Hollywood)
• Tesla is making a decent number of 4680 cells each week and Elon projects that they’ll be in high volume production by end of 2022
• 4680 production does not yet impact vehicle output however it will in 2023
• New master plan not yet ready, plan to finish it by end of August 2022
• Most of commodities that go into Tesla vehicles are trending down (cost) over next 6 months which suggests that we are past peak inflation
• Elon thinks we will have a relatively mild recession for 18 months (just a guess) and that inflation should drop rapidly
• AI is going to increase utility of passenger vehicles by 4-5x
• Vehicles will still cost the same to produce so gross margins are expected to rapidly increase
• Elon still believes folks will have the option to own a car, rent it out when they aren’t using it, or simply rent somebody else’s vehicle (ex. Uber)
• “Optimus will bring the future to now”
• Elon annoyed that most analysts don’t drive Teslas which prevents them from having a good understanding of the Tesla customer experience
• Elon believes in strong product roadmap that will lead to success for quite some time
• Elon intends to stay with Tesla as long as he is useful, plans to continue to closely focus on factory & product design
• Tesla would continue to do well even if he was kidnapped by aliens (or returned to his own planet haha)
• The only publicly traded securities Elon owns are $TSLA and $TWTR
• Believes he has a good sense of where to point the engineering team at $TWTR to make it radically better
• Thinks Twitter would accelerate his original vision of x.com by 3-5 years and be something that is very useful to the world
• Elon wanted to clarify he is pro-train
• Elon believes tunnels could solve virtually any traffic problems around the world and allow above ground road space to be reclaimed for parks
• Goal #1 is to be really good at video training
• Approaching at being the 3rd most powerful super computer in the world (geared for AI training)
• Fundamentally focused on NN training which has never been done before
• Some merit with Teslas communicating with each other but not needed for FSD (traffic, accidents, pot holes, etc.)
View the release notes for the upcoming version 2022.24.1.
Elon Musk mentioned that Tesla could announce a new factory location later this year at Tesla’s annual shareholder …
Elon Musk teased the Optimus humanoid robot prototype at Tesla’s annual shareholder’s meeting. A new image of the…
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Elon Musk mentioned that Tesla could announce a new factory location later this year at Tesla’s annual shareholder …
Elon Musk teased the Optimus humanoid robot prototype at Tesla’s annual shareholder’s meeting. A new image of the…
Tesla held its 2022 shareholders’ meeting yesterday. At the event, Tesla …
Most modern cars come with access to a Controller Area Network (CAN) that lets you access information about systems…
One criticism we’ve heard is that Tesla does not allow you to transfer its FSD package to a new vehicle. Given th…
Tesla operates two charging networks; the Supercharger and the Destination Charger. The Supercharger network consist…
We initially reported on the dimensions of the new V4 Supercharger, revealing that the next generation Supercharger w…
Most Tesla owners have been asked, what if you run out of charge? Of course, everyone who drives with the T emblem on…
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