Highland Production, Lease Pricing, Employer Rankings, API, Auto Prices (10.12.23)
Oct 13, 2023
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The podcast discusses topics like Tesla production, lease pricing, employer rankings, API documentation, wage increases at Giga Berlin, SEC complaint, market data from KBB, Ford's comments on UAW actions, Kia's EV9 EPA ranges, and Starlink's shipping company agreement.
Tesla's production of updated Highland Model 3 vehicles in China remained strong in September, indicating a smooth transition for future updates and potential expansion at other factories.
Tesla's reduced lease pricing and publication of fleet API documentation open up business opportunities and further app development.
Deep dives
Project Highland Model 3 Production Update
In September, Tesla produced 18,104 updated Highland Model 3 vehicles in China, showing a production rate of 4,200 vehicles per week. This is only a 15% decline compared to August, despite the Model 3 updates. The production ramp-up is encouraging for sales, margins, and revenue in Q4. It also suggests a smooth transition for future Model Y updates and potential updates at other factories.
Leasing Prices and API Access
Tesla announced reduced lease pricing for the Model 3 and Model Y, starting at $329 and $399 per month respectively for 36-month leases. This significant reduction, coupled with the $4,500 down payment and attractive leasing terms, makes Tesla vehicles more appealing. Tesla also published documentation for its fleet API, allowing official third-party access. These developments could lead to business opportunities and further app development.
Employer Rankings and Whistleblower Complaint
Tesla has improved its global ranking as an employer, appearing in the top 50 for business students and ranking 16th for engineering students. This positive trend reflects Tesla's global growth and reputation as an attractive employer. Additionally, a recently reported whistleblower complaint to the SEC regarding repair allocations and accounting practices seems largely inconsequential and not indicative of wrongdoing, based on minor allegations that are subject to opinion.
➤ New data shows good news for Tesla production ➤ CPI data ➤ China updates ➤ Tesla lowers lease pricing ➤ Tesla publishes API documentation ➤ Universum releases global employer rankings ➤ Giga Berlin reportedly plans wage increases ➤ Report on SEC complaint ➤ Market data from KBB ➤ Ford comments on UAW actions ➤ Kia shares EV9 EPA ranges ➤ Starlink shipping company agreement
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Executive producer Jeremy Cooke Executive producer Troy Cherasaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
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