Tesla's Quartzsite Supercharger will have four solar canopies
Tesla
Tesla now has 40,000 Supercharger stations worldwide, and more are in the works, including a massive 88-stall facility in a small town in Arizona. @MarcoRPTesla, who has a knack for finding Supercharger plans, tweeted the detailed construction project. The drawings show 20 prefabricated Supercharger units, two trailer-friendly stalls, and four solar canopies.
Quartzsite, Arizona, with a population of 2,413, is the location of the huge Supercharging station. Incredibly, it is being built right across the road from a 36-stall Supercharger. So why is there now one Supercharger for every 20 people in Quartzsite? Interstate 10 runs through the small town, which is at the intersection of U.S. Route 95 and Arizona State Route 95 with I-10.
Tesla's Quartzsite Supercharger will have four solar canopies
Tesla
This location is approximately three and a half hours away from Las Vegas, Nevada, San Diego, California, and Los Angeles, California. It is also two hours from Phoenix, Arizona. Tourism is the main economic driver of the small town.
Tesla recently asked followers of its @TeslaCharging Twitter account to submit locations where Superchargers are needed. This location makes sense with the amount of traffic going through the area. It also has very little precipitation, which means those solar canopies will be powered up by the sun. That is another long-term vision of the company, to have solar and battery packs at Supercharging locations.
It’s hard to believe the Supercharger network was launched in 2012. A decade later, they are turning into a more common sight around the world. According to the company: Superchargers can add up to 200 miles (322 kilometres) of range in just 15 minutes.
In September, 420 Tesla projects were announced, including a 164-stall Supercharger hub on the I-5 corridor located in Coalinga, California. That will be the world’s largest Tesla Supercharger location. But that is nothing compared to reports of the largest EV charging location in the world, located in China’s hi-tech city of Shenzhen. There is an electric taxi charging station with a total of 637 fast chargers.
The largest EV charging location in the world with 637 stalls
@DKurac/Twitter
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Tesla's fourth quarter and 2022 earnings call with investors was mostly good news unless you were planning to drive a Cybertruck soon. While company executives eagerly jumped on every question asked by investors, there was a noticeable pause when a point-blank question was asked about Cybertruck's mid-year production date.
Elon Musk responded "um, we do expect production to start, I don't know, maybe sometime this summer. But I always like to try to downplay the start of production because the start of production is always very slow. It increases exponentially, but it's always very slow at first. So I wouldn't put too much thought in start of production."
Volume Production Next Year
If the millions of people with Cybertruck reservations were in attendance, you might have felt the air leave the room. The previous belief was mass production would start by the end of 2023. There may be some stainless-steel beauties on the road by then, but only a few. "It's kind of when does volume production actually happen, and that's next year," said Musk.
Perhaps sensing some disappointed buyers, Lars Moravy, Tesla's Vice President of Vehicle Engineering added, "(I'd) like just to emphasize on that, we've started installation of all the production equipment here in Giga Texas, castings, general assembly, body shops. We built all our beta vehicles, some more coming still in the next month, but as you said, the ramp will really come 2024."
The Cybertruck Will be Elon's Next Car
Cybertruck was originally announced in 2019 at the memorable event that included the unbreakable armor glass smashing. Musk was wearing the smashed glass Cybertruck t-shirt while taking questions from investors. While the wait continues, he is adamant that it will be worth it, "So it's an incredible product. I can't wait to drive it personally. It will be the car that I drive every day… it's just one of those products that only comes along once in a while, and it's really special."
The original release deadline was set for 2021. However, the production date has been delayed due to unforeseen circumstances, like a global pandemic. Nevertheless, it is a positive sign that beta vehicles have been produced. Images of what appears to be a Cybertruck were leaked a few months ago.
Recently, chief designer Franz von Holzhausen did confirm that the Cybertruck was ready for production, but it's a work in progress. Every Tesla beta product gets thoroughly examined and meticulously reviewed before the next step. But at least it's a step in the right direction.
Tesla set new records in production and deliveries while beating analyst expectations.
Statista
Tesla published their Q4 2022 and full-year financial results, setting new records in production and deliveries while beating analyst expectations. Tesla’s annual profit rose to $12.6 billion in 2022, from $5.5 billion in 2021. Annual revenue rose to $81.5 billion, from $53.8 billion the year prior. Tesla reported fourth-quarter revenue of $24.32 billion beating analysts' $24.07 billion estimate. The automaker also reported earnings per share of $1.19 beating analysts' $1.12 estimate.
Tesla’s stock rose more than 5% in after-hours trading following the earnings release and surged more than 10% the next day.
Tesla's Q4 2022 revenue set a new record for the company, up 59% from a year earlier. In addition to automotive revenue of $21.3 billion, Tesla recognized $324 million of deferred revenue from the company’s driver assistance systems.
FSD Beta Numbers
Tesla reported that 90 million miles have now been driven with FSD Beta, up from 58 million miles in the previous quarter. The company also confirmed that they have about 400,000 FSD Beta users in North America, a sizeable increase since the last report. With such a steep increase in miles driven and FSD Beta becoming widely available in North America, Tesla is making significant progress with its autonomous driving software.
In late 2022 and into this year, Tesla began cutting prices on its cars globally. Elon spoke about how recent price cuts have fueled a surge in demand for Tesla: “Thus far in January we’ve seen the strongest orders year-to-date than ever in our history. We’re currently seeing orders of almost twice the rate of production.” He added: “These price changes really make a difference for the average consumer.” Tesla acknowledges that average sales prices have to decrease over time because affordability is part of Tesla's mission to grow into a company that sells multiple millions of cars annually.
Price cuts will impact profitability, but margins should remain healthy, Tesla CFO Zach Kirkhorn affirmed. Tesla has wider operating margins than the industry average, which allows them to make such price cuts.
Elon issued an uncertain forecast for 2023, saying Tesla planned on 1.8 million vehicles for the year without specifying whether that was a target for production or deliveries. If the company were to deliver 1.8 million vehicles in 2023, that would result in 37% annual growth.
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