PODCAST: TESLA EARNINGS, MODEL 3 PERFORMANCE, MERCEDES-BENZ ELECTRIC G-CLASS, MORE

EV Channels Review

The Electrek Podcast dives deep into Tesla's Q1 2024 earnings, highlighting a significant miss on revenue and EPS, yet the stock surged due to strategic announcements. The revamped Model 3 Performance is officially unveiled, boasting a 2.9-second 0-60 mph time (US version) and a new track mode, though Canadian buyers receive a slightly less powerful Shanghai-built variant. The pricing at $53,000 before incentives makes it competitive with the Long Range model, especially with the federal tax credit eligibility due to its likely nickel-based battery. A major shift in strategy is confirmed: the $25,000 'Model 2' is indefinitely postponed, with resources redirected to the robo-taxi and data centers. This pivot aims for more capital-efficient volume growth using existing manufacturing lines, though it may result in slightly higher vehicle costs. The podcast also touches on Tesla's growing AI compute power, potential FSD licensing deals with other automakers, the Optimus robot's future, and a new NHTSA investigation into Autopilot. Additionally, the Mercedes-Benz electric G-Class is unveiled, and CATL introduces a new ultra-fast charging LFP battery.