Tesla's investors are lining up for the earnings call
Tesla
Tesla's fourth-quarter earnings call occurs on January 25th after the market closes. Of course, every earnings call for this company draws much attention, but this one may set a new bar. Tesla ended 2022 with a 70 percent drop in stock price and investors looking for answers.
The top voted question with just under 4,000 votes, which also represents 2.5 million shares, is: After recent price cuts, analysts released expectations that Tesla automotive gross margin excluding leases and reg credits will drop below 20% and average selling price around $47k across all models. Where do you see average selling price and gross margins after the price cuts?
Another question is about the Solar Roof product, its struggles to gain traction, and what changes can be expected in future versions to increase scale. Investors also want to know about the progress of the 4680 battery ramp, the current roadblocks, and when the company expects to scale to 10,000 vehicles a week.
Additionally, investors are curious about the production status of the Cybertruck, the margins for the stationary energy storage business, and the future forecast for Tesla's energy products. They also want to know about the possible brand damage caused by Elon Musk's political tweets and how it will be mitigated.
Missing Questions on Advertising
Musk recently tweeted: Teslas are the safest cars on the road, but most people don't know that. There have been numerous calls for the company to start advertising, and Tesla's incredible commitment to safety would be an excellent campaign.
However, Tesla has no marketing budget, has not spent a dime on commercials or ads and got rid of the entire communications team years ago. Musk used the same promotion he did with PayPal, paying users to refer. But the referral program was stopped in most regions, and several people are still owed a Roadster.
That was a different time. Legacy automakers are no longer snickering at the tiny Silicon Valley start-up. Instead, they are doing everything they can to catch up to Tesla, including millions of dollars in advertising. Tesla reported a significant boost in sales the day after the 2022 Super Bowl when the competition spent millions on advertising their electric vehicles. But that was when those companies' EV programs were barely off the ground, and Tesla had inventory to move.
Now Tesla must promote things the average consumer doesn't know about, like safety, technology and performance. As Musk himself said, people don't know, so it's his job to tell them.
Tesla’s FSD V13.2.2 continues its rollout to the HW4 fleet, now complete with holiday goodness that makes it available to all HW4 vehicles. While FSD V13 is capable of some incredible feats, such as three-point turns, there are some additional capabilities Tesla hasn’t talked about yet.
Emergency Vehicle Handling
First up, better handling for emergency vehicles. While Tesla works on gathering audio data to make emergency vehicle detection even better, Tesla improved how it handles emergency vehicles with FSD V13.
FSD previously had issues handling emergency vehicles - sometimes pulling over and stopping on V12, other times requiring driver intervention to do the job. This led to lots of user interventions when an emergency vehicle was detected. Ensuring you’re out of the way of an ambulance can save precious seconds - which is enough to save lives.
V13 now does a much better job of pulling overly safely to the side for emergency vehicles. Check out the video below of FSD pulling the vehicle over to the side of the road.
Another issue that FSD had trouble handling previously was school buses. Previously, FSD would ignore the stop sign and flashing lights and attempt to drive around the bus.
School buses often required driver intervention, but it seems Tesla has dedicated time to training FSD V13 to handle them properly now. Check out this post of FSD now successfully stopping and waiting for a school bus.
FSD v13 stopped for a school bus! Waited till the stop sign folded in and then proceeded forward! pic.twitter.com/ReU4enxnNB
Reduced speed zones, including school zones, have had mediocre handling by FSD in previous versions. Now, some initial speed zone handling has arrived in V13.2. However, while it does handle some speed zones with blinking signs, it doesn’t necessarily handle all speed zones. For now, while Supervising, drivers will need to make sure their vehicles don’t exceed the speed limit, especially in school zones. In the meantime, look at this speed video of the vehicle handling a speed zone with FSD V13.
Slightly better video of FSD V13 responding appropriately to flashing yellow lights indicating it’s temporarily a 20mph zone. It didn’t exceed 25 despite being set to a much higher max speed
As part of V13, Tesla included some interesting features addressing hardware - namely camera cleaning, The initial changelog was slightly vague: “Improved Camera Cleaning” and nothing else.
It turns out this actually refers to the camera heating elements around the vehicle, including those around the B-Pillar. According to FSD engineer Yun-Ta Tsai, this is far more complex than just heating the camera up.
The system integration team does a lot of energy and thermal optimization across the entire vehicle, to optimize autonomy.
This is just one example. The heating is actually more complex than just heating it up.
Yes, real world AI cares about these things, a lot!
The Cybertruck features an automatic tonneau that lets you lock in valuables. It rolls back and forth along a track and is somewhat water-resistant. Tesla never said that the tonneau would be waterproof, but many owners have encountered a lot of water flowing into their tonneau covers.
The place where the glass roof meets the plastic strip - the aero flap- seems to be the location where most of the water gets in, and this has been noted by many as a constant source of leaks - while the rest of the bed stays mostly dry.
Tesla has attempted to fix this by adding additional slats to the tonneau, which ensures that there are slats left over underneath the aero cover, thereby providing some additional water resistance. However, it looks like they’re doing more now to prevent these leaks.
New Rubber Seals
Tesla intends to issue a service code - the term they use for service bulletins to fix common problems - for this particular issue. This service code will include the removal of the old aero flap and the installation of a new aero flap that has additional rubber seals - similar to the ones used on windows. Thanks to theMONK11 on Reddit for catching this and providing the photo.
The service code hasn’t gone live yet, so it looks like Tesla is only testing this new part for owners who have complained about excessive water intrusion. We’ll likely see this new flap, with the additional rubber seals, become a standard part on newly built trucks to resolve this issue.
For everyone else, you’ll need to put in a service ticket with Tesla, but we would recommend waiting a few weeks before doing so. That will give them time to finalize the process and have the new part sent around to service centers across North America. Given that this isn’t a critical issue to the functionality of the vehicle, Tesla likely will not issue a recall for this - so it’ll be up to owners to create a service ticket and have the new applique installed.
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