往常的特斯拉季度业绩播报，Elon Musk大都比较乐观，但本周三不然。
亲自执掌特斯拉、SpaceX、推特、Boring、Neuralink 和xAI 公司，拥有一线信息，老马对宏观经济形势的感知是真切的。
他将如何应对未来的变化？感兴趣的同学，点击视频下具体时间点，查看相应内容。
-----------------------------------------------------------
从5:10 开始：
Tesla Q3 2023 Financial Results and Q&A Webcast (Full Audio)
Oct 18, 2023
油管网友Recap by Tammy AI）：
0:01: 
Elon Musk discusses Tesla's Q3 results, including cost reduction, AI development, and energy storage.
0:01: Q3 impacted by downtime for global factory upgrades.
6:08: Focus on cost reduction, AI development, and cash flow generation.
6:44: Over half a billion miles driven with FSD beta.
7:26: Significant promise with FSD version 12.
9:01: Energy and service contribute over half a billion dollars to quarterly profit.
9:18: Challenges in reaching volume production with the Cybertruck.
10:06: Prototype to volume production is 10,000% harder.
10:23: Positive cash flow and affordability are key goals for the Cybertruck.
11:16: 
Elon Musk discusses the challenges and expectations for the Cybertruck, highlighting the high demand and the need to make it affordable while ramping up production.
11:16: Financially, it may take a year to 18 months before the Cybertruck becomes a significant positive cash flow contributor. 11:46: Over a million people have reserved the Cybertruck.
12:32: Tesla has the best real-world AI team on Earth.
13:00: Vehicle deliveries in Q3 outpaced production, and there was a record quarter of profitability in the energy business.
13:26: Q3 performance was impacted by planned factory shutdowns for upgrades.
13:41: Cost per vehicle decreased to approximately $37,500.
15:40: Tesla's focus is on reducing costs, maximizing delivery volumes, and investing in AI and other next-generation platforms.
16:28: The ramp-up for the Cybertruck is extremely difficult due to its radical and innovative design.
17:16: 
Elon Musk discusses Tesla's production plans, progress on battery technology, and concerns about affordability.
17:16: Elon Musk predicts that Tesla will produce around a quarter million Cyber Trucks per year by 2025.
17:44: Progress has been made in the production of the 4680 cell in Texas, with a 40% decrease in scrap and improved costs.
19:17: Tesla's focus is on maximizing output from existing factories in Berlin and Austin, while infrastructure and factory design are being worked on in Mexico.
20:02: Elon Musk expresses concerns about the high interest rate environment and its impact on car affordability.
22:09: Tesla is not providing specific timing on the availability of Model 3 Highland in the US.
22:44: Tesla is carefully reviewing options for achieving growth in 2024 and will focus on cost-efficient volume growth.
23:12: Elon Musk discusses the progress of Tesla's autonomous driving technology and the future potential of humanoid robots.
23:12: Tesla expects to grow rapidly and faster than any other car company on Earth.
24:05: Elon Musk is excited about the progress with autonomy and the potential of the driving software.
24:56: Tesla aims to create a humanoid robot that can do as much as humans.
26:10: Efforts will be made to ensure localized control and safety measures for humanoid robots.
26:51: The price of Full Self-Driving (FSD) will increase over time.
27:26: Tesla is not being let off the hook for legal liabilities regarding FSD.
28:08: Optimus program details are not ready to be discussed, but periodic updates will be provided.
29:23: Tesla's neural net represents a significant advance in capability and safety for FSD.
33:05: Elon Musk discusses the ramp-up of Tesla's Cybertruck and the next platform, emphasizing the challenges and complexity involved.
33:05: The ramp-up of the Cybertruck is expected to take around 18 months from initial deliveries to reach volume and prosperity.
34:24: The Cybertruck is a unique and challenging product to bring to market.
34:54: The next platform, a high volume low-cost smaller vehicle, is expected to ramp faster due to the learnings from previous models.
36:05: The manufacturing approach for the smaller vehicle is revolutionary and aims to achieve an unprecedented units per minute level.
36:34: Simplification and automation are key factors in achieving a fast ramp-up and lower costs.
36:47: Elon Musk discusses the utilitarian nature of the Cybertruck and the potential financial contribution of Full Self-Driving (FSD) over time.
36:47: The Cybertruck is a utilitarian vehicle meant for transportation rather than luxury.
37:57: FSD has different levels of functionality, including a robo taxi and a chauffeur service.
39:09: A fully autonomous vehicle has astounding positive economics.
40:01: Increasing the utility of a car by enabling full autonomy can significantly increase its value.
41:32: Gross margin in the quarter was impacted by factory idle time.
41:40: Certain factories ramped up production well, contributing to the margin.
41:50: Megapack deployment drove the strong positive surprise in energy margin.
42:55: Elon Musk discusses vehicle cost improvement, product margins, and price elasticity in car buying.
42:55: Vehicle cost has improved by $2,000 over the past year.
43:10: Megapack deployment can vary in different markets, causing downward pressure on deployment.
44:06: Timing of the next-gen lower priced product is not shared.
45:16: Tesla is continuously pursuing additional cost reductions for 2024.
46:16: Price elasticity is significant, with incentives being difficult for average people to access.
47:05: Many people cannot afford the upfront cost of a car or have the necessary tax credit eligibility.
47:58: Car buying is determined by immediate payment and monthly affordability.
48:12: Cars are still more expensive than a RAV4 for most people.
48:18: 
Elon Musk emphasizes the importance of making electric vehicles more affordable and discusses the impact of interest rates on car prices.
48:18: The cost of EVs needs to be reduced to make them more accessible to people.
48:35: Musk criticizes the idea of everyone working from home, highlighting the importance of essential workers.
49:01: Interest rates significantly impact the cost of cars and monthly payments.
51:03: Musk mentions the challenges of getting credit and the decrease in available options due to bank closures.
51:23: The current high interest rates and difficulty in obtaining credit make it harder for people to afford cars.
52:28: Musk discusses the impact of credit card debt and high interest rates on consumers.
53:06: Musk highlights the need for cost reductions through factors like scale, factory utilization, and material cost reductions.
53:39: There are reports that radar is being included as an option in some Model Y vehicles in China.
53:47: Elon Musk and Drew Baglino discuss the cost of Tesla vehicles and the challenges of reducing costs.
53:47: Tesla has not included radar in the Model 3 and Model Y, and there are no plans to integrate it in the future.
53:55: The Tesla-designed radar in the Model S and Model X is still an experiment and its effectiveness is being evaluated.
54:15: The car's vision system is expected to exceed human safety due to its ability to look in all directions simultaneously and not get tired or distracted.
54:47: Radar is not considered essential for accident prevention as it can create ambiguity when combined with the vision system.
55:42: Tesla is constantly working to reduce costs and make their products more efficient.
56:26: Cost reduction involves optimizing every component and process, even down to small details like stickers and QR codes.
57:48: Tesla expects volume to increase with factory upgrades, but the introduction of new products like the Cybertruck will also impact costs.
58:45: Tesla is focused on improving the quality and capability of their cars rather than simply reducing costs by removing functionality.
59:51: 
Elon Musk discusses the timing of building a factory in Mexico and the impact of interest rates on affordability.
59:51: Elon Musk plans to build a factory in Mexico but the timing depends on interest rates.
1:01:19: The factory construction may start next year.
1:01:26: Elon Musk is cautious due to past financial challenges faced by Tesla.
1:02:47: Tesla has growth opportunities within its existing building and land in Texas.
1:03:06: Personnel and housing are challenges for scaling in the greater Austin area.
1:03:40: Elon Musk acknowledges the uncertainty of macroeconomic conditions.
1:04:44: Interest rate reductions would accelerate Tesla's plans.
1:04:54: Elon Musk apologizes if he is overly paranoid.
1:05:34: The car industry is cyclical and heavily impacted by economic uncertainty and global conflicts, which affects consumer sentiment and purchasing decisions.
1:05:34: The car industry is cyclical and performs well in good economic times but struggles in tough economic times.
1:05:56: Consumer sentiment and purchasing decisions are affected by uncertainty in the economy and global conflicts.
Recap by Tammy AI
