Highlights from @Tesla Shareholder Meeting and #BatteryDay

@elonmusk says:
- From breaking ground to volume production in the China factory in 15 months
- Model Y was smoothest launch (not sure all Model Y owners agree)
- Lowest cost solar in the US - $1.49/Watt

1/x

- 4 consecutive quarters of GAAP profitability and "future looking very promising from an annual profitability standpoint"
- achieving economies of scale and autonomy. "Future value of @tesla should be measured as total volume of vehicles produced x autonomy" - @elonmusk

2/x

- having a @tesla factory on the continent closer to the customers tightens the supply chain up
- 50% growth in 2019.
- @elonmusk says expecting 30-40% growth in 2020

3/x #BatteryDay

- Aiming for effective emissions of zero, as factories and mining, etc use the sustainable energy being produced
- Number 1 design objective of @tesla is safety.
- Factories safety records are better than industry average but want to be best

#BatteryDay

4/x

- US average for collisions is 2.1 per million miles
- Tesla average is 0.3 per million with autopilot on
- Complete re-write done of @Tesla autopilot stack
- Labelling now done on 3D videos simultaneously and how they change over time

5/x #BatteryDay

"Beta of full self driving version of autopilot launched in about a month or so" - @elonmusk

That's the whole tweet - #BatteryDay

6/x

"The difficulty of designing the machine that makes the machine is vastly harder than the machine itself"

"Designing the factory is 10x harder than designing the car and the prototype". New technology is hard.

#BatteryDay

7/x

"Engineering. Manufacturing. Software. The three critical areas needed to make an awesome company"

#BatteryDay

#8/x

"If you look back on history and ask what good did @Tesla do...by how many years did we accelerate sustainable energy...that will be the true measure of success" - @elonmusk

#BatteryDay

#9/x

" #BatteryDay is about accelerating the path to sustainable energy." - @elonmusk

Tesla's contribution:
- 1 million electric vehicles
- 26 billion electric miles driven
- 5 Giga Watt hours of stationary batteries
- 17 Terra Watt hours wh of solar generated

#10/x

Goal #1 - Terawatt-hour Scale Battery Production (Terawatt is 1000x a Gigawatt) - @tesla will refer to this in future but needs 1600x growth!
Problem: Battery factories cannot scale fast enough & cost too much. Need 135 factories to generate 20 Terrawatts p/a.
#BatteryDay
#11/x

Goal #2 - More affordable Cells (read: more affordable cars). "We don't have a truly affordable car yet" - @elonmusk
Problem: EV Market Share is growing but EVs still aren't accessible to all

#BatteryDay

#12/x

Have a plan to HALVE the cost per KWh taking creative engineering and industrialisation to every facet of what makes a battery pack from raw material to finished thing:
- cell design
- cell factory
- anode materials
- cathode materials
- cell vehicle integration
#BatteryDay
#13/x