In yesterday’s Q2 update, Tesla beat the estimates and reported the fourth straight quarter of profits. Elon said he’s never been as excited about Tesla and its future as he is now, and we couldn’t agree more. Here’s a quick summary of the call:
- Confirmed the next Gigafactory in Texas, near Austin. It’ll be the biggest one yet and Elon described it as «an ecological paradise» which will be open to the public.
- Solar prices adjusted
- «It’s getting to the point where I can get to work from home with almost no interventions.»
- «FSD will be the largest financial step-change in history, overnight.»
- The biggest transition in the FSD computer is going from 2D (image recognition) to 4D (video recognition).
Hints on Tesla making a compact vehicle as well as a high capacity one, but there’s still a long way to go before it happens
Tesla App Store coming
Tesla’s insurance telematics product will be available in California and a handful of other states by the end of the year
Berlin will have local cell production to serve their needs
Here are some great notes by @dburkland on Twitter. Thank you, Dan!