- Hey everyone, thanks for joining me here on Teslanomics,
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So, thanks and ya, let's dive into the data now.
Today what I want to talk about is my recent trip
up to Santa Barbara and some data I got about that trip
and unfortunately how inefficient I am.
So I wanted to show that and dig in to that,
but first, let's dive in to the Long & Short for this week.
So this section is where I talk about something
Tesla related that I'm long on,
that's something that I think is a good move
that I'm betting for, I think will pay off in the end.
And something I'm short on, something I don't think
is a good idea and might not be the best move
for the company or whatever the industry may be.
And so for the long this week, I want to talk about
Tesla cutting jobs at SolarCity.
Now, I know this sucks because it's a company
laying people off, and I really hate the effect that
that has on people's lives.
But I think it's a smart move.
I think that when they did the acquisition,
they knew they were going to have a lot of issues
and a lot of things to clean up and fix at SolarCity.
There's been a lot of reports and a lot of news
about just how inefficient they are in certain areas,
and how, even I know, here in San Diego they haven't
developed the best reputation because of some
of those service issues.
So I think this is a really good move,
especially when you think about Tesla's bigger vision
and the long term impact of how they want to change
the world and build a sustainable future.
Because this is a big part of it.
The solar aspect is a really big component
of the company's master plan Part Deux,
or whatever they called it.
And the idea here is that they're going to cut down
about 20%, which is a lot.
So I really feel for those families.
I'm sorry that they're going to have to go through this,
but as an investor and somebody that is very interested
in the success of Tesla, long term I think this is
a good move, I think it's going to pay off for them.
And I think it's going to really help both companies
thrive down the road.
Now for my short, Tesla is looking to bundle insurance
with their cars, and they're already doing this
in parts of Asia, and this was something that
Jeff Evanson, who's the Tesla V.P
of Global Investor Relations revealed on The Earnings Call
a couple weeks ago.
Now, I realize that some insurance companies
are kind of gouging people and over pricing these cars
because they're expensive to fix
and you can only get the parts from Tesla,
those kind of things.
However, I don't like the idea of you bundling it
because I fear that it'll become very Apple-like,
where nothing outside of their ecosystem works with it.
I think that technology, and this includes
the auto industry, really thrives when you have
a diverse options to choose from.
I think it's the better thing for the consumer
if you can choose the right insurance company
and they're not forcing you to go that direction,
that you're buying it from them.
I do love the idea, but I just don't see it panning out.
This is my short.
I really don't think this is smart.
They mentioned that they want to do this.
I hope they don't.
Now, they may offer some deals,
and I would rather them partner
with some of these insurance companies
and try to educated them on the costs
and all those kind of things.
So we'll see where this goes, but I really hope
it's something that's was more just kind of rumors
and talk on the call versus something that
they're really seriously considering.
Alright, so let's get in now to the data.
And this comes from the app that I reviewed
a couple weeks ago called TesLab, which is
kind of like Fitbit for your car.
And I went up to Santa Barbara to do my other job,
where I record data science training courses
for LinkedIn Learning.
That's what I was doing up there.
So, I live in San Diego, it's Santa Barbara.
It's a couple hundred miles.
I do have to stop once because I have to charge
because I have an older model that doesn't make it
all the way unfortunately.
Plus, there's things like hills and traffic and all that.
So I want to just take a look at the data I got
from this trip using the TesLab app.
First off, overall, since joining TesLab,
I can see my 87% efficiency, which seems good
until you go to the leader board and you see that people
are well above 200%, so anyways,
that for me was kind of, it feels good,
but then at the same time not.
So first, if we take a look at where I started
from San Diego up to Culver City, which is where
I did my first charge.
I tried to choose these ones that were at a mall,
or somewhere where there's food, because then I can eat.
This one was pretty good and it's in a mall
that was insanely busy.
I was actually really surprised, it was a Sunday.
And you can see that I had a 83% efficiency overall,
which feels good and it was good
because I was able to get up there pretty quick.
I was going 70 miles an hour.
And I actually lost 455 feet of elevation,
which I don't know where that went.
I mean, I'm at sea level, it's at sea level
pretty much up there,
so who knows what's going on with that.
And then the rest of the way I was 86%
so I was a little bit better, a little bit slower,
but really it was a decent trip.
And part of that is because I'm able to use the carpool lane
because I have those stickers they give you
in California to let you drive in the carpool lane.
So on the way back from San Juan Capistrano
down to San Diego I was 90% efficient,
which is pretty good.
I felt better about that.
You know, this data is just super engaging.
In fact, when I was at that San Juan Capistrano
super charger, there was about five or six of us.
Great Mexican food there, but it gets busy.
They even have an attendant who stands there.
So there you go, you can see how I did on my trip
and if you want an invite to that you can go to
our site teslanomics.co/TesLab
and we actually will redirect you over
but because you're coming from us, they'll give you
an invite kinda of in a priority fashion.
So you can go check that out.
Find me on there, you should just be able to search
for my name Ben Sullins.
And you can follow me and then we can kind of compete
and all that, we can have fun,
of seeing who drives more efficiently
or who goes the furthest or whatever.
Alright, thanks again for joining me.
Again, if you're new to the family,
subscribe down below.
We'll get one of these videos every single week.
Today was kind of a personal fun little thing.
Other times we talk about things like
how the industry is changing and how Tesla's disrupting it.
Or all the different facts, and things around
what this company's doing
and how they're changing our world.
So, thanks again, and I will see you back here next time.
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