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Musk starts earnings call by reiterating his vision that Tesla& #39;s core competence will be manufacturing. They should hold a "manufacturing day" to fill in the gaps.
Musk suggests the insurance business could be a material part of Tesla& #39;s overall business long term. I see insurance as eventually be a measurable part, and not a material part of the business.
HVAC topic reemerging. Musk says "there& #39;s no prototype and it would be good to have". Example of Tesla applying auto tech into new markets, something that traditional auto doesn& #39;t do.
Musk says he wouldn& #39;t put LiDAR on vehicles even it was free. Sticking with his cameras are enough theme. Further insult to the rest of the auto industry that& #39;s betting AV& #39;s need LiDAR.
The cost of a Tesla will continue to inch lower. Cut costs and then cut price appears to be the strategy over the next few years. Bad news for traditional auto.
