Tesla (TSLA) Q2 2020 Earnings Call Transcript: Announce Austin Gigafactory, Beat Forecasts

First of all, I’d like to thank the Tesla team for exceptional execution in the second quarter. Despite tremendous Get Help in Windows 10 difficulties, they’ve done an incredible job and it’s an honor to work with such a great team. I mean, there feature update to windows 10 version 2004feature update to windows 10 version 2004 were so many challenges, too numerous to name, but they got it done. And it just what a great  How To Get Help in Windows 10 Keyboard  group to work with windows 10 version 2004 problems. Like I said, it’s just an honor to work such a great team. So as a result, we were able to achieve a fourth consecutive profitable quarter. And although the automotive industry was down about 30% year over year in the first half of the year, we managed to grow deliveries in the first half of the year. So despite that massive industry decline, we actually went up.

Elon Musk: 
We’re also very excited to announce that we’re going to be building our next Gigafactory in Texas. It’s going to be a right near Austin. It’ll be about … I’ll go into better detail on this and I’m sure there will be a lot of questions. But the location is five minutes from Austin International Airport and 15 Get Help in Windows 10 minutes from downtown Austin. It’s about 2000 acres and we’re going to make feature update to windows 10 version 2004 it a factory that it’s going to be stunning. It’s right on the Colorado River. So we’re going to have a boardwalk where there’ll be a hiking, biking trail. It’s going to basically be an ecological paradise. Birds in the trees, butterflies, fish in the stream. And it will be open to the public as well so not closed and only Tesla. So if anyone’s interested in working at Giga Texas, engineering, How To Get Help in Windows 10 Keyboard  production, whatever the case may be, please let us know. We’re going to be doing a major, major factory there. And it’s also where we’ll be doing cyber truck there, the Tesla semi, and we’ll be doing Model 3 and Y for the Eastern half of North America.

Elon Musk: 
Now at the same time, I want to say we will continue to grow in California, but we expect California to do Model S and X for worldwide consumption and 3 and Y for the Western half of North America. And then we think probably also the Tesla Roadster, a future program, would also makes sense in California. windows 10 version 2004 problems So I think this is a nice split between Texas and California and just emphasize we’ll continue to grow in California, but we’ll be creating a massive factory and cyber truck and semi programs in Texas. And I also want to just do a shout out to Tulsa and just say thank you very much to the Tulsa team, economic development team and the Governor, really I was super impressed. The Tesla team was super impressed, and we will for sure strongly Get Help in Windows 10 consider Tulsa for a future expansion of Tesla down the road. Let’s see. Is there anything more you want to say about? This is a lot of information, so. Anything else, guys? All right. Well, I’m sure there will be lots of questions. We’ve already started work on the facility so some initial construction work it’s already underway out of this weekend.

Elon Musk:
Let’s see. Moving on to other subjects. Solar, we recently adjusted the pricing about retrofit solar. So Tesla solar is the lowest cost solar in the United States. And we added a lowest cost guarantee and a money back guarantee. So we’re very confident that people will love our solar product, whether it’s this whole retrofit or solar roof. Our solar is now 30% cheaper than the U.S. average. After the feature update to windows 10 version 2004 federal How To Get Help in Windows 10 Keyboard  tax credit, Tesla Solar now costs $1.49 per watt, and it’s a very simple, highly automated single click experience. So definitely think about a Tesla, whether you want a new roof, Tesla solar roof, or you want solar windows 10 version 2004 problems on your existing roof. Either way, we’re the company to go to.

Elon Musk: 
And then you can also get a power wall and have energy independence and be your own utility. So I think that product is really coming together and it’s only going to get better later this year. So just very excited about that business potential Get Help in Windows 10. On the additional technology stuff, we introduced the first production car with more than 400 miles range. So the current Tesla Model S now has an EPA certified range of 402 miles. I mean, basically you can drive from LA to San Francisco nonstop and still have some miles left over when you arrived and this was at highway speeds. So you don’t have to do anything, drive slowly or anything. You just drive it. You can just drive normally and go very long distances.

Elon Musk: 
And then for full self driving, we launched traffic lights and stop signs, and we’re continuing to improve that to make them more robust. And we’re currently testing also driving software for intersections and city How To Get Help in Windows 10 Keyboard  streets and narrow streets. So I personally test the latest [inaudible 00:05:54] of full self driving software when I drive my car. And it is really, I think, profoundly better than people realize. Yeah, really profoundly better. It’s amazing. So it’s almost getting to the point where I can go from my house to work with no interventions, despite going through construction and widely varying situations windows 10 version 2004 problems. So this is why I am very confident about full self driving, the functionality being complete by the end of this year, because I’m literally driving it.

Elon Musk:
In conclusion, I’d like to again say thanks for all the hard work of the Tesla team achieving our first four year of profitability in the company history feature update to windows 10 version 2004. It was incredibly difficult and just as a result of the hard work of a lot of people from Tesla worldwide. And yeah, just think about the next 12 to 18 months, we’ll have three new Get Help in Windows 10 factories How To Get Help in Windows 10 Keyboard  in place. Things are looking great with a Giga Berlin and we’ll have cyber truck, semi, Roadster, full self driving. There’s so much to be excited about. It’s really hard to kind of put into this call, but the sheer amount of hardcore engineering, especially on the autonomy and the manufacturing engineering front is mindblowing.