Ep. 33 Discover Model Y: Tesla’s Crossover into $1 Trillion Dollar Territory
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Shares 75% of it’s parts with Model 3. The Model X only shared about 30% of parts with the Model S. Will have a faster production ramp due to already having worked out many problems during the Model 3 ramp up. Currently everything is being produced in Fremont, the Model Y will most likely mark the 1st vehicle made entirely at Gigafactory 1. Even if it isn’t initially entirely produced at Gigafactory 1, it will be produced at Gigafactory 3 which is really helping to streamline everything Tesla learned ramping up the 3 combined with Chinese manufacturing expertise. 70 parts to 1 with the new casting machine for the frame. Model 3’s biggest mistake was over-automation, they weren’t quite ready, Model Y will be the second attempt at such. The Model S has 3 kilometers of wiring, Model 3 has 1.5 kilometers of wiring, and the Model Y will have 100 meters of wiring. The new wiring architecture will not only save resources, but make manufacturing easier for robots. With all these improvements, there is no way for Model Y to not sell huge quantities. We really should be looking toward Model Y as likely the first vehicle released with Full Self Driving Capability out of the gate. At that point Tesla will not only be able to build the cars without people, but drive them as well… It is an entirely new territory that will inevitably cause Tesla to reach the goal of a $1 trillion dollar market cap. “If all of these milestones were to be achieved, Tesla will have meaningfully achieved its mission of transitioning the world to sustainable energy and will have become one of the most valuable and successful companies in the world. This is our ambition.” Elon Musk could earn up to $55.8 billion in stock and awards, if Tesla hits operational, revenue, and market cap milestones. Elon is betting his future and the company's future on the Model Y, but more importantly what the Model Y is built on and that is the Model 3.
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