- In 2017, Tesla made a major impact on our world
and you are a part of that and today,
I just wanted to run through some
of the biggest changes that they've announced,
some of the ways that they've impacted our world
and kind of what that means for us
as consumers going into 2018.
Let's dive in.
Three, two, one.
(tires screeching)
(screaming)
Oh shit.
(laughing)
- [Driver] I thought you almost died.
- My God.
Oh my God.
- [Driver] We went plap with that big, big bass is bumping.
- Whoot!
The Tesla Semi-truck is something that, I think,
we have to talk about here in this review
because it has the potential to really disrupt an industry
that burns a ton of diesel every year
and can propel Tesla well above
and beyond their current market cap
and their current revenue and all those kind of things.
Now, if you don't recall, just some real high-level bits
about the Tesla Semi.
First, is that on the high-end,
they have a 500 mile range.
Along with that,
they have these mega charger infrastructures
that they announced, to help charge in 30 minutes
and on the really pricing side, it's not bad,
$180,000 on the high-end, which is really comparable to
what you get with a regular diesel cab.
So, the semi-truck is a major thing
that they announced this year,
that really has a potential for a large impact,
once they start actually producing them in 2019.
At the same time when they unveiled the semi-truck,
they also announced the new next gen roadster
and with the roadster,
the whole idea here was just
to put a smack down on gasoline cars,
as Elon so eloquently put and with it,
there was some crazy specs that were announced.
One is a 200 kilowatt hour battery pack,
double the size of a P100D or just 100D Model S
and this also gives it a 620 mile range.
Now, some of the other crazy stats were
that it will go 0 to 60 in 1.9 seconds
with a price tag of around $250,000
for the Founder's Series, which may sound like a lot
but when you compare it to say,
a Porsche 918 Spyder or a Ferrari or a Bugatti,
all the other cars kind of in this class, this is a steal.
So the Roadster is here
and is really a statement piece for Tesla,
something that I hope to take ownership of
one day and of course,
we'll share that journey with you guys.
Now, in addition to those two fantastic new things
that Tesla announced just recently,
the Model 3 is finally here, well maybe.
Okay, so in July, they had the Model 3 handover event,
where folks like myself, got to go ride in one
and they announced the details of them, finally.
If you don't recall, on the cheaper end,
you have the $35,000 version,
which goes 220 miles on a charge and on the higher end,
you have the $44,000 version, which goes 310 miles,
which is pretty incredible
for the price per mile you get out of the Model 3.
Plus it has a really new design, totally minimalistic,
really designed for car sharing
and fleet operations down the roads.
They're really thinking far ahead here
and some people are getting their hands on them.
Originally, it was just the owners,
the Space X employees and the Tesla employees
but individuals, general public are also being invited
and there have been hundreds spotted
at different delivery centers in the United States,
in California, specifically.
So this means that the Model 3 is here.
Now, it really isn't quite here for most of us
but in 2018, with the ramp that they're gonna have,
hopefully reaching their goal
of 5000 Model 3s per week by the end of March,
we're looking at a major impact to the EV market
and for Tesla, in the next few months.
In addition to the new vehicles that Tesla announced,
plus the Model 3 progress that's being made,
there were some updates to the infrastructure too
and there were pretty significant.
First, the Supercharger network almost doubled
in the number of stalls
and Tesla has kind of tripled down on this,
that they're gonna continue
to grow this exponentially here in the coming years.
In 2017, we saw it go from 5000 stalls,
upwards of 8000 stalls.
So not quite double but really approaching it
and there's still a few more weeks left in the year,
so we'll see and they also have these new,
cool urban chargers and these urban chargers
are much more compact
and so they can fit them in much more tighter spaces,
like in parking garages
and put a lot more of them in so I think,
the progress on the Supercharger network,
which is vital to the success of the Telsa Model 3,
is really going well and I'm pretty impressed
with how well they've done.
It just seems every other week,
we hear a story of a new Supercharger station
that has upwards of 40 or 50 stalls in it.
So in terms of Tesla's mission to really switch us
to a sustainable forms of transportation and energy,
I think this is a really, really good story
for them in 2017,
was how much growth they were actually able to deliver
and speaking of deliveries, it looks like in 2017,
Tesla's gonna deliver upwards of 100,000 cars,
probably more than that when it's all said
and done depending on how many Model 3s
that they send out
and there's going to be a lot more in 2018
because the Model 3 delivery ramp
is really gonna start to pick up
and hopefully at some time in 2018,
they'll hit that 5000 cars per week
and so we're gonna see just orders
of magnitude more in 2018 versus what we saw in 2017.
So 2018 is really poised as a major year for Tesla
and for electric vehicles in general and with that,
a big success story,
not necessarily directly Tesla related
but that is gonna help the EV industry in the United States,
is that the EV tax credit has survived
both the different versions
that came forth from the congress,
to one of them was gonna kill it,
the other one proposed to kill it but didn't kill it.
It's here, so in 2018, the tax credit will live
and that means that all the folks getting their Model 3s
or a big chunk of them,
will be able to take advantage of that,
upwards and I'm guessing around Q2
of 2018 is when we'll see it to really kind of phase out
or Tesla might hit that 200,000th car delivered,
in which case, the phase out begins.
So everybody in 2018, will get some kind of tax credit,
depending on when you get yours,
it could be just half of it or could be the full amount.
So stay tuned for more on that
and obviously we'll be tracking that here on the channel,
as time goes on.
Now, we couldn't really just talk about the cars
with Tesla though because they're so much more than that now
and one of the big stories this year,
was the battery they put out in South Australia.
Now, this battery is the largest lithium ion battery
in the world and they were able
to install it just under a hundred days.
Now, recently, one of the really interesting things
is that just this past week here,
it actually took over for the coal fire power plant
that failed about 600 miles away.
600 miles away, the coal fire power plant dies,
within 140 milliseconds,
the back up energy from the new battery took over
and were able to continue to deliver power
to all the residents in the area.
That's insane and the people running it,
said that has to be a record and so,
this speaks to the efficiency
and effectiveness of grid scale utility batteries.
So you're seeing a lot of this.
Obviously, there was the stories about the different islands
that Tesla deployed these on
and as well as things like in Southern California
where we have a lot of them coming in
but also there's a much better story here
and that is about how quickly you can repair infrastructure,
as we saw Tesla do in Puerto Rico.
So at Hospital del Nino in Puerto Rico came back online
in really short order due to the efforts of Tesla.
They installed about 700 solar panels,
which gave 3000 patients, 35 of which were critically ill,
power to continue to get treatment
and to hopefully recover and get better.
So this is one of many projects to come in Puerto Rico
as Elon had tweeted out
and I think really speaks to the advancements in technology
and how much better they are than trying to rebuild old,
dying infrastructure
that really hasn't been advancing nearly at the pace
of these newer energy vehicles have been.
So lots going on in the energy space.
Lots of Powerwalls being delivered to people.
You're seeing it all over YouTube.
I still haven't got mine.
Still waiting on that but I guarantee in 2018,
I'll be talking more about the energy side because I think,
this is gonna be a even bigger picture
of Tesla's future, very soon.
Now, there's a lot of news out there
about Tesla financials and what's going on there.
So I think it makes sense to just cover this briefly
so you get a sense of really what's going on
and I'm getting these figures from my friend Gally
at HyperChange TV
and I'll put a link to his channel down below
because I think he really does a great job looking
at the financial side of Tesla's world
and what they're doing.
So, first and foremost, that in 2017,
we're looking at around 11.5 billion dollars in revenue,
which is steady growth rate.
In fact, if you compare that to where they were in 2010,
it's about a 93% compound on annual growth rate,
which is pretty staggering and continues to grow,
especially with things like the semi
and the energy products and all that.
There's a lot of promising things coming out in the future.
Now, the revenue per share in 2010, was only $1
and now it's upwards of $66.
So a huge increase there.
We're looking at a 2.2 billion dollars in gross profit
for Tesla in 2017, which is up 84%,
their compound annual growth rate from back in 2010
and because of all the R and D
and investments in things like the Supercharger network
and building out new factories
and all these kind of things.
They're looking at 1.6 billion dollar operating loss.
Now let me just pause one second to talk about that.
The name of the game, especially for a company like Tesla,
who is still fledgling in comparison to other automakers
and other energy companies, is growth
and the way you grow your company
is you take whatever profit you're making
on the products you're selling, all that money coming in,
all that access money you have and putting it into things
that are going to generate revenue in the future,
such as a better Supercharger network,
such as new equipment for factories, such as new factories,
other materials and things like that.
So there is a lot of money being dumped into products
that don't generate revenue now but will in the future
and until Tesla really, really has substantial market share
in here and is well beyond any point of failure,
I think you're going to see them continue
to operate at a loss, much like Amazon has done
for about two decades now.
So overall 2017 was a great year for Tesla
and for Teslanomics.
I can't thank you enough
for all your support throughout this year
and helping grow this channel and this community,
doing things like Teslacon, which was a blast
and we're definitely gonna do again,
as well as helping other people
take advantage of things
like the discount on the referral program
and really just learn a lot about
what Tesla is doing to our economy and to our world.
Now, you may have seen some videos recently
that were a little bit different,
they weren't directly Tesla related
but they were still in the same vain
of understanding the economics behind tech products,
which are changing our world.
So stay tuned because I may throw those in from time to time
as I get requests and if you have a product
or an area of the tech world that you're interested in
and you want me to break down the economics of,
hit me up on on Twitter or just comment on this video.
I'll be taking a look at those
and so I really just want to thank you guys
for making 2017 a great year for me
and the channel here and I look forward to 2018.
There's so much more to come.
I'll be getting my Model 3.
We'll be sharing that experience with you,
as well as things like the Powerwalls
and all kinds of new events
and I'm sure Tesla is going to blow our mind even more
so than they did in 2017.
If you have any questions or anything,
feel free to leave them down in the comments.
I'll be hanging out for about an hour
or so after this video post, to answer them
and kind of chat with you guys.
So, thanks again and I will see you in the new year. Cheers.
(electronic music)