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Takeaways from Tesla’s Investor Day

Who watched Tesla‘s Investor Day on Wednesday? What are your ideas?

I’ve heard frustration and browse reviews that the occasion underperformed, as folks hoped for brand spanking new product bulletins like a $20,000 mannequin or updates about Cybertruck.

Nevertheless, I disagree. I feel this occasion continued to indicate Tesla’s distinctive function in transitioning us to a sustainable future. Let me clarify:

It has been argued that Tesla is not simply an automotive firm; name it what you need — a software program firm, an AI firm, an power firm, and many others. This occasion simply ended that debate solely (if it even nonetheless existed). Tesla workers laid out their breakdown for tips on how to get rid of fossil fuels globally.

They introduced information displaying, from Tesla’s perspective, a viable path to attaining a one hundred pc clear power financial system, needing: 240 terawatt-hours of storage, 30 terawatts of renewable energy, and $10 trillion of producing funding — all utilizing half the power required and with zero useful resource/materials challenges.

Graphic about Tesla's plan for a sustainable economy

And possibly a very powerful factor they did throughout this occasion was to encourage by ACTUAL motion! Some issues that stood out had been:

  • How pre-built Superchargers permitting for plug-and-play set up have saved weeks of set up time and price.  This plug-and-play mentality additionally exists within the firm’s power storage enterprise (in a position to obtain 4 instances quicker set up and commissioning speeds on Megapack since 2019).
  • Coming in July to Texas (and elsewhere sooner or later): limitless in a single day dwelling EV charging for less than $30 per 30 days since Texas has giant wind power era in a single day and so they can serve Tesla clients cheaper and extra  sustainably by pushing extra charging to nighttime.
  • How the corporate simply opened up sure Superchargers to non-Tesla autos within the U.S. — a second I imagine will be appeared again on because the second level Tesla accelerated the transition to EVs (the primary being when the Mannequin S  launched, which resulted in what we now have right this moment throughout all of Tesla autos and from different automakers).
Graphic about Tesla's plan to eliminate fossil fuels

No query, there shall be bumps on this rollout to non-Tesla autos (and we’re already seeing it with bizarre parking strategies from non-Tesla autos for the reason that cable is far shorter and Supercharger places are designed for Tesla autos). Nevertheless, as I watch all these movies of non-Tesla autos charging, one factor retains occurring — Tesla’s superb SuperCharger uptime and reliability continues to be standing true! The charger shortly connects with the car and even earlier than an individual can go into their automotive to verify if it is charging, the charging session has already begun.

Tesla can also be seen as a number one charging firm quickly sufficient. In truth, they’ve already added 646 new Superchargers in 2023, with the closest runner-ups being ChargePoint at 146 stations, EVgo at 88, Rivian at 59 and Electrify America at 42, primarily based on information from Various Fuels Information Middle.


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