Gas Prices Surge – What it Means for Tesla Owners [live]

// Shout out to Wunder Capital for supporting the show – more at https://teslanomics.co/wunder
* Fight climate change
* Support small businesses
* Diversify your portfolio
* Interview w/ founder/ceo this Friday so stay tuned for that

// Q1 Results and Update
*  Model 3 production hit 2,270/week in April for the 3rd straight week over 2,000
*  Q1 Auto GAAP gross margin up sequentially by 80 bp and non-GAAP by 500 bp
*  Cash balance of $2.7 billion at the end of Q1
*  2018 Capex projection reduced from $3.4 billion to $3 billion
*  Expecting positive GAAP net income and positive cash flow in Q3 and Q4 2018

Could overtake premium vehicle segment in USA!

// Elon Snubs Wall Street for Tesla Tuber!
https://www.bloomberg.com/news/articles/2018-05-03/elon-musk-s-most-dumbfounding-moments-on-tesla-s-earnings-call

Drama on the call
* Short sellers asking questions already answered in letter
* Elon cuts them off – (x)
* After a good nights rest on his sweet new couch, rolls it back a bit on twitter
* Galileo Russel from Hyperchange TV basically dominated the rest of the call with 10-15 questions

* Big moment for creators
* Crybaby analysts dump Tesla stock in reaction, then it climbs back because they actually beat estimates

* Interesting question
* SpaceX Internet and Cars (x)
* Model Y production (x)
* 1GWH system (x)
* Ta’u American Samoa = 6 MWh
* Kauai Hawaii = 52 MWh
* South Australia = 129 MWh
* Puerto Rico ~ 5GWh
* Supercharger open to others (x) – 5
* Not a walled garden (unlike Apple)
* No one has approached them
* Would need to share cost
* New giga in China (x) – 6
* Announcing later this year
* Will make cars also
* Now can fully own facility
* Likely in Shanghai but TBD
* 350KW charger (x) – 7
* Not likely, trade off not worth it

Tesla Getting their priorities straight (x) – 8
* Model 3
* Becoming Profitable
* Model Y
* Semi
* Etc…

// Gas Prices Soar
https://www.cnbc.com/2018/05/05/fuel-prices-are-rising-again-just-as-automakers-pull-back-on-sedans.html
* Fuel prices recently hit a 3-year high, just as Ford said it will slim down its sedan and compact car lineup and move more into SUVs, trucks, and crossovers.

Are they rising? By how much?
http://fuelinsights.gasbuddy.com/
* Overall price changes
* States getting hit hardest

What about a normal trip (LA to Vegas)?
* Calculate with Honda Accord (gas buddy) = $54
* Calculate w/ Tesla Model 3 (Tesla.com)
* 541mi * wH/260 = 141kWh
* 141 kWh * $0.26 = $37
* Scenario 1 (link)
* 32% savings
* Assumes 100% supercharging in CA
* Scenario 2 (link)
* Use chargers in Nevada because they’re cheaper
* Primm on border, more in town
* 24/12 tiered rating, avg of 18c
* 141 kWh * $0.18 = $26
* 52% Savings
* Again, superchargers are more expensive
* Free destination chargers in LV, also can use home chargers for much cheaper

Yearly total savings
* Choose state, how much you drive
* Assumes worst case for Tesla
* Maybe a TCO down the road, but basic monthly fuel savings are pretty crazy!
* Using MPG ratings from Fuel Economy 2018 Mid-Size Cars

Check FuelEconomy.gov for ratings
https://www.fueleconomy.gov/feg/Find.do?action=sbs&id=39836&id=39132&id=39226&id=38759

// Updated on Couch
* I delivered it!
* Didn’t get to meet Elon
* Wayfair donated
* Tesla matched donation
* Over 18K for charity
* Check out renewable-world.org

// This week
* Talk w/ Bryan Birsic about Solar Summit
* Also talked conference food quality

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// Disclaimer
This video and channel are not affiliated with Tesla nor did they endorse this specific production.

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