PODCAST: TESLA EARNINGS REVIEW, TESLA SEMI/4680 PRODUCTION AT GIGA NEVADA, NEW TOYOTA CEO, AND MORE

EV Channels Review

This podcast episode delves into Tesla's Q4 2022 earnings, revealing a beat on earnings per share despite a slight miss on revenue. The discussion highlights Tesla's strong financial position with over $22 billion in cash. A significant portion of the episode focuses on Tesla's $3.6 billion investment in Giga Nevada for Semi and 4680 battery production, though questions remain about hiring and the factory's expansion timeline. The energy storage business is noted as a booming segment, growing faster than automotive and surpassing $1 billion in quarterly revenue. Regarding the Cybertruck, production is expected to start in summer 2023, but meaningful financial contribution is not anticipated until 2024, with initial production numbers projected to be low. The podcast also critically examines Elon Musk's responses during the earnings call, particularly his dismissive attitude towards concerns about his public statements impacting Tesla's reputation and his comments on Full Self-Driving (FSD), which the hosts argue are disconnected from user experience and past promises. The episode concludes with a brief look at Toyota's new CEO and Acura's move to online EV sales.