Tesla has started testing v3.5 of Solar Roof on employees' homes

By Lennon Cihak
Tesla is releasing an update version of their solar roof tiles
Tesla is releasing an update version of their solar roof tiles
Tesla

Tesla is giving their employees access to their latest solar roof product, version 3.5 to help test it before it does a wider launch later this year.

It’s unclear as to what exactly the new features are in version 3.5, but the focus seems to be on durability and ease of installation. If implementations on employees’ roofs go well, we’ll most likely see an introduction of the new Solar Roof at the end of this year when they begin installations.

The company has gone through a few different versions of the solar roof over the years, with Solar Roof version 3 launching in 2019. CEO Elon Musk stated that Tesla was aiming to produce 1,000 new Solar Roofs per week by the end of 2019.

According to Electrek, Tesla halted scheduling solar roof installations across most markets in the US. This is allegedly due to high cost, and issues with the roof tiles. Third-party companies, however, were able to continue installing Solar Roof.

During the second quarter of 2022, Tesla installed 23 roofs per week or 2.5 MW, short of their intended goal. It's possible Tesla was waiting for the newer version of the roof tiles before resuming installations.

Until recently, it was difficult to gauge how many Solar Roof installations took place because Tesla bundled the number of installations with its solar panel retrofits, which are much more popular due to their cheaper cost.

As Tesla prepares to resume Solar Roof installations in the fourth quarter of this year, we anticipate that this new iteration of the product will simplify installation, reduce costs, and increase the product’s reliability.

Tesla teases Optimus humanoid robot prototype with new image

By Gabe Rodriguez Morrison
Tesla teases the hands of its upcoming robot, Optimus
Tesla teases the hands of its upcoming robot, Optimus
Tesla

Elon Musk teased the Optimus humanoid robot prototype at Tesla’s annual shareholder’s meeting. A new image of the robot was revealed ahead of the official unveiling on September 30th, giving us a better idea of what the humanoid robot may look like.

The image features the hands of the Optimus prototype. The image serves as a promotion for the upcoming AI Day Part II event which aims to recruit AI talent to the company.

At the shareholder meeting, Elon reiterated that he believes that the humanoid robot business will become bigger than Tesla’s automotive business:

“I suspect Optimus is going to be more valuable than the car long-term. It will turn the whole notion of the economy on its head.”

Elon previously mentioned that Optimus could solve the labor shortage and shift the economy to reduce labor costs. Tesla plans to leverage its expertise in power electronics, batteries and AI expertise to build a revolutionary product.

Elon initially claimed that the robot would perform simple and repetitive tasks, including manufacturing operations. Tesla eventually plans to improve the robot over time, enabling it to perform more complex tasks for both commercial and consumer applications.

Earlier this year, Elon announced: “Tesla AI Day Part II” with “many cool updates.”

Tesla Bot technical details
Tesla Bot technical details
Tesla

The first “Tesla AI Day” (recap of event) held last year was an event focused on the company’s full self-driving technology. At the first event, Tesla announced plans for the Optimus humanoid robot.

The second AI Day was initially supposed to be held a year to the day after the first one, but it was pushed back to September 30 to give Tesla more time on the robot, according to Elon.

Elon says that Tesla aims to start production in 2023. This is a very ambitious timeline for such an ambitious project, but Elon has said that Tesla is prioritizing the development of the Optimus humanoid robot in 2022 over other products.

Tesla's 2022 shareholders' meeting recap & video

By Dan Burkland
2022 Tesla shareholders' meeting
Tesla

Tesla held its 2022 shareholders' meeting yesterday. At the event, Tesla discussed a variety of products and features including FSD Beta 10.13, the Cybertruck, Tesla Superchargers, and a new Tesla factory.

You can watch the entire event below (starts at the 2 minute mark), or read Dan Burkland's recap, which was originally posted on dburkland.com.

Part 1 - Formal Shareholder Items

• Martin - Intro

Robyn Denholm

• Global fleet of cars and vehicles to avoid 8.4M metric tons of green house gas emissions

• Avoided emissions that were equivalent to ICE vehicles driving 20B miles

• By 2030 Tesla plans to sell 20M vehicles / year

• In June 2022 Tesla achieved the highest vehicle production month in their history

• Tesla continues to make an impact w/ Solar & Energy Storage business

• Tesla sold 4 GWH of energy storage products in 2021, enough to power 3M homes

• Solar demand has increased 4x

• Goal is for all factories to be carbon neutral

• Tesla already uses less water per vehicle than any other automaker

• Sustainability drives everything Tesla does

Stockholder Proposals

• Proxy Statement: document

Part 2 - Elon's Presentation / Q & A Session

• Attempting to achieve a 2M vehicle / year run rate by end of 2022

• Tesla just recently produced their 3 millionth vehicle

• Looking back 10 years ago, Tesla only made 2500 Roadsters and maybe a couple hundred Model S (August 2012)

• “Cleanest exponentials” -Elon Musk

• $TSLA shareholders have approved the 3-for-1 stock split

2022 Tesla shareholders' meeting
Tesla

• Important to note the increase in strong free cash flow is occurring before autonomy

FSD Beta 10.13

• “This year I swear” (FSD being released to public)

• “Made some significant architectural improvements with FSD Beta 10.13 release, might qualify for 10.69” -Elon Musk

• “It's gotta earn that” -Elon Musk

• “We are going to solve Chuck's turn” -Elon Musk

• “Roughly 90% success rate w/ Chuck's turn”

• “Might be next week” -Elon Musk

• “It's working well for me” -Elon Musk

• FSD will save lives by driving an order of magnitudes safer than people

• Tesla has the highest operating margin in the entire industry

2022 Tesla shareholders' meeting
Tesla

• Every time a competitor advertises for EVs Tesla notices an increase in sales

• Model Y is tracking to be highest vehicle by revenue by end of 2022 and highest by unit by end of 2023

Gigafactories

• Tesla will soon be ready to announce another factory location by end of 2022

• Tesla plans to eventually have 10-12 Giga Factories 

• Each factory will have the capacity to produce 1.5-2M vehicles per year

• Fremont factory is highest output car factory in North America

• Elon thinks it's going to be a friendly competition between Berlin, Fremont, and Texas (Shanghai hard to beat)

• Tesla has produced more energy than it consumes (includes vehicle charging)

2022 Tesla shareholders' meeting
Tesla

• Tesla battery recycling is already happening at a rate of 50 packs per week in Nevada

• Continues to scale

• Not that many batteries to recycle since their longevity has been really good so far (more of a longterm play)

Master Plan: Part 3

• Will be focused on scaling

• “What are all the things needed to achieve a fully sustainable global economy”

• Cathode materials

• Aluminum, Etc.

• Goal is to reiterate this is absolutely doable and that we want it to be done as fast as possible

2022 Tesla shareholders' meeting
Tesla

Vehicle Structure

• Lighter

• Stiffer

• Better NVH

• Better in pretty much every way when compared to stamped underbody construction

Manufacturing

• Model Y requires only 30% of robots needed to produce vehicles as required by the Model 3

• Improved layout of factory where it is now a signal monolithic factory

2022 Tesla shareholders' meeting
Tesla

• Eventually all cars will be self driving but it will be hard to replicate Tesla's manufacturing capabilities

Working at Tesla

• Employees are free to switch between SpaceX & Tesla

• Factory safety has dramatically improved, Elon believes they now have the safest factories in the business

• Tesla has encouraged employees to submit suggestions on improving factory safety with a goal of 3 suggestions per employee (They have since met that goal and safety has increased as a result)

• 3M job applicants over last year

Supercharger Network

• 99.96% uptime

• Continue to deploy V3 Superchargers, V4 set to be deployed next year

• Elon mentioned that more good news regarding the Supercharger network is coming

Safety

• Tesla has a very detailed feedback loop when it comes to vehicle crashes

• Auto seat belt tensioning is an example of how Tesla continues to improve safety via OTA updates

• Activated via Autopilot AI when a crash is 99.99%+ sure to happen

FSD Beta

2022 Tesla shareholders' meeting
Tesla

• Tracking to well over 100M miles by end of 2022

• Wide spread release by end of 2022, will be available to anybody who requests it

AI Day: Part 2

• September 30th, 2022

• Elon believes Optimus will turn the notion of what an economy is on its head

Next Decade

• 10 years ago they had less than 3000 cars, now its more than 3M

• Elon thinks vehicle production should be able to exceed over 100M 10 years from now

Questions

Plans for Cash

• Tesla has used a small amount of its available cash for acquisitions and that will continue to be the case unless the right opportunity arrises (automation, software, manufacturing, etc.)

• Spending CapEx and R&D money as fast as they can without wasting it

• Share buyback may be in the cards as long as there isn't another force majeure event

Factories

• 12 factories seems to be the perfect number with a maximum production rate of 2M vehicles per factory

Cybertruck

• Specs and pricing will be different (a lot has changed since 2019)

• Inflation and various issues are to blame

• Production equipment & tooling will begin getting installed in Giga Texas, volume production still targeted by mid-2023

US & China Tension

• Elon hopes for peace and respect between the US & China

Supercharger Locations

• Permits are extremely hard to obtain in some areas (ex. Malibu)

• Tesla continues to prioritize new Supercharger locations by busiest locations

• Elon mentioned there will be an online poll where people can vote where they want new Supercharger locations built

• Trying to do more fun things when it comes to Supercharger locations (ex. Futuristic Diner in Hollywood)

4680 Output

• Tesla is making a decent number of 4680 cells each week and Elon projects that they'll be in high volume production by end of 2022

• 4680 production does not yet impact vehicle output however it will in 2023

Master Plan

• New master plan not yet ready, plan to finish it by end of August 2022

Supply Chain

• Most of commodities that go into Tesla vehicles are trending down (cost) over next 6 months which suggests that we are past peak inflation

• Elon thinks we will have a relatively mild recession for 18 months (just a guess) and that inflation should drop rapidly

Autonomy

• AI is going to increase utility of passenger vehicles by 4-5x

• Vehicles will still cost the same to produce so gross margins are expected to rapidly increase

• Elon still believes folks will have the option to own a car, rent it out when they aren't using it, or simply rent somebody else's vehicle (ex. Uber)

• “Optimus will bring the future to now”

Media

• Elon annoyed that most analysts don't drive Teslas which prevents them from having a good understanding of the Tesla customer experience

Succession

• Elon believes in strong product roadmap that will lead to success for quite some time

• Elon intends to stay with Tesla as long as he is useful, plans to continue to closely focus on factory & product design 

• Tesla would continue to do well even if he was kidnapped by aliens (or returned to his own planet haha)

• The only publicly traded securities Elon owns are $TSLA and $TWTR

• Believes he has a good sense of where to point the engineering team at $TWTR to make it radically better

• Thinks Twitter would accelerate his original vision of x.com by 3-5 years and be something that is very useful to the world

Tunnels

• Elon wanted to clarify he is pro-train

• Elon believes tunnels could solve virtually any traffic problems around the world and allow above ground road space to be reclaimed for parks

Dojo & Tesla Communicating w/ Each Other

• Goal #1 is to be really good at video training

• Approaching at being the 3rd most powerful super computer in the world (geared for AI training)

• Fundamentally focused on NN training which has never been done before

• Some merit with Teslas communicating with each other but not needed for FSD (traffic, accidents, pot holes, etc.)

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Although we share official Tesla release notes, we are not affiliated with Tesla Motors. We are Tesla fans and supporters.

Tesla News

Upcoming Release

View the release notes for the upcoming version 2022.24.1.

Confirmed by Elon

Take a look at features that Elon Musk has said will be coming soon.

Subscribe

Subscribe to be notified when new software is released.