Tesla will let you view how your vehicle is consuming energy via the Tesla app
Not a Tesla App
Another new feature has landed in the Tesla app. With Tesla app 4.16.1 Tesla appears to be testing the new 'Vehicle Range' feature that breaks down how your vehicle used energy during its last trip and while parked.
Richard Lopes from Watts on Wheels, a fully electric car rental service in Portugal noticed Tesla is testing this feature in select regions. The new Vehicle Range feature is very similar to the new Energy App that was introduced in vehicles last year with update 2022.36.
Vehicle Range lets you view how your vehicle used energy during its last trip and while parked. Similar to the vehicle's Energy App, Vehicle Range breaks down energy use into several categories including Driving, Climate, Elevation, Battery Conditioning and Everything Else.
If you're already familiar with the Energy App in the car, then you can expect to see almost the same thing in the app, with a few exceptions. It appears Tesla removed a few features to presumably simplify the interface on your phone. The app appears to only allow you to view the overall expected range called 'Trip,' while in the vehicle you can switch between Tesla's projected range and the rated range. The trip projection takes driving, road and environmental factors into account, such as the driving speed, road elevation, ambient temperature and the direction and speed of the wind.
The feature will be available in the Service area of the app and can be accessed by tapping Service then Vehicle Range.
Tesla app source code revealed that this feature was coming to the app in a future update, but it looks like Tesla may soon be ready to launch it for everyone.
Tesla seems to be testing this feature in select regions and vehicles only as it's currently not available for most users. Tesla has a history of testing features in select vehicles or countries before making them available to a wider audience.
Tesla likely has this feature limited to select users based on a server-side configuration, which would allow Tesla to launch the feature at any time, however, they may also want to make fixes that may require an app update.
Legacy Model S and Model X
What's interesting is that this feature is available on legacy Model S vehicles, which do not yet support the new Energy App feature in the vehicle.
This may mean that Tesla is not only planning to support the new Energy App in legacy vehicles but may add support in an upcoming vehicle update soon.
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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.
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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