MODEL Y EXPANSION IN EUROPE, SPACEX & TESLA, MORE GIGA BERLIN REPORTING

EV Channels Review

This episode of Tesla Daily provides a comprehensive market update, focusing on the significant news of Tesla opening orders for the Rear-Wheel Drive (RWD) Model Y across Europe. The RWD Model Y, seemingly an export from Gigafactory Shanghai utilizing Lithium Iron Phosphate (LFP) batteries, offers identical performance specifications to its Chinese counterpart, with pricing in Germany around €54,000. The report suggests this move is strategic, potentially to manage inventory and leverage Shanghai's increased production capacity while Gigafactory Berlin ramps up. Beyond the Model Y news, the podcast delves into Jefferies' updated targets following a Gigafactory Berlin tour, noting that Berlin and Austin's lower production costs are expected to dilute higher costs from Fremont. The discussion also touches upon Panasonic's plans for new battery factories in Kansas and Oklahoma, and the broader market's reaction to hawkish comments from Fed Chairman Jerome Powell. A brief mention of SpaceX's Starlink direct-to-cell technology and its potential future application for Tesla vehicles concludes the segment. Overall, the episode offers valuable insights into Tesla's European market strategy and production cost dynamics.