Cybertruck Rumors, US Auto Sales, Giga Nevada, Model 3, Referral Program (10.04.23)
Oct 5, 2023
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The podcast discusses new rumors about the Tesla Cybertruck, US auto sales in Q3, Tesla's Giga Nevada expansion plans, Model 3 fulfillment in Canada, an updated Model 3 teaser in Hong Kong, and the addition of Full Self-Driving to Tesla's referral program. It also touches on safety feature updates, Kia's plans for EV Day, and Rivian's capital raise.
The Tesla Cybertruck, described as a Model X on steroids, showed impressive performance and features like powered front and tunnel covers, a remotely openable tailgate, and a 240V outlet.
US automakers recorded strong sales in Q3 except for Stellantis, with General Motors delivering 675,000 vehicles and Ford reporting a 14% decrease in sales but a 15% increase in EV sales.
Giga Nevada's expansion plans for Tesla Semi production were announced, Model 3 shipments to Canada have resumed, and updates on the Tesla referral program and safety features were discussed.
Deep dives
Cybertruck Rumors and Insights
During a Tesla Twitter Space event, a person claimed to have taken a test drive of the Tesla Cybertruck. They described it as a Model X on steroids, mentioning the impressive performance and comparable speed to the Plaid Model X. The test drive also revealed powered front and tunnel covers, the ability to remotely open the tailgate, but no pass-through to the bed. Additional features included a 240V outlet and the possibility of bidirectional charging. However, there were no details provided on price, range, or the opening of the rear cabin glass.
US Automakers Q3 Sales Figures
The podcast discussed the sales figures for automakers in the US during the third quarter. Overall, the US light vehicle market saw a year-over-year increase of 18% with most automakers experiencing strong results. Stellantis was the exception, recording a 1% decrease. The podcast highlighted General Motors delivering 675,000 vehicles, up 21% year-over-year but still down from pre-COVID levels. Ford reported a 14% decrease compared to 2019, while their EV sales increased by 15% to a record 21,000 vehicles. BYD, a competitor to Tesla, delivered about 430,000 battery electric vehicles in Q3, showing strong growth.
Updates on Giga Nevada and Referral Program
Giga Nevada's expansion plans for Tesla Semi production were announced during an employee meeting, indicating progress in the roadmap. In other news, Tesla has resumed shipping Model 3s from Fremont to Canada, and a Model 3 update is expected on October 12th, possibly showcasing the arrival of the upgraded Model 3. The podcast also mentioned an update on the Tesla referral program, including the addition of Full Self-Driving as a reward for accumulating credits. Lastly, a safety update was implemented to increase the flashing frequency of vehicle hazards if the airbag is deployed.
Other Industry Highlights
The Kia EV day, scheduled for October 12th, will unveil two new concept EVs and present detailed specifications of the Kia EV5, signaling an annual tradition of highlighting Kia's progress in the EV market. Additionally, Rivian has announced plans to raise convertible bonds worth $1.5 billion, aiming to de-risk the launch of their second-generation R2 vehicle. This capital raise follows a previous raise of $1.3 billion earlier this year and aims to maintain a healthy cash position for the company's expansion plans.
Wrap-up and Podcast Details
The podcast concludes with additional updates, including the sharing of a photo featuring the Cybertruck at the SpaceX facility. The host encourages listeners to subscribe and remain engaged for future episodes of Tesla Daily, thanking them for their support.
➤ New Cybertruck rumors following test-drive ➤ Automakers report US sales for Q3 ➤ Tesla reportedly finalizes Giga Nevada expansion plans ➤ Model 3 fulfillment for Canada reverts to Fremont ➤ Updated Model 3 teased in Hong Kong ➤ Tesla adds FSD to referral program ➤ Safety feature update ➤ Kia plans EV Day ➤ Rivian plans capital raise
Shareloft: https://www.shareloft.com Twitter: https://www.twitter.com/teslapodcast Patreon: https://www.patreon.com/tesladailypodcast Tesla Referral: https://ts.la/robert47283
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
Disclosure: Rob Maurer is long TSLA stock & derivatives
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