Analyst Encouraged After Tesla Tour, Factory Updates, Chevy Silverado EV

Hey everybody Rob Mauer here happy Friday. Today we should have a pretty quick episode as we don't have a whole lot of news. We've got an analyst update from Deutsche Bank after they have toured gigafactory texas following the shareholder meeting. Got some updates on some other plans for Tesla's factories news on the Chevy Silverado EV and just a couple other quick items as well.

大家好，我是Rob Mauer，祝大家周五愉快。今天的节目会比较简短，因为我们没有太多新闻。我们有德意志银行的分析师更新，他们在股东大会后参观了Gigafactory Texas，并对特斯拉工厂的其他计划进行了更新。我们还有有关雪佛兰Silverado EV的新闻，以及其他几个简短的事项。

All right looking at the stock really nice day for Tesla today up 1.8% to close at a hundred and eighty dollars and fourteen cents. Well the NASDAQ was down a quarter percent on the day. So while we didn't have as much of an outperformance yesterday on strong performance at least. Strong green performance nice to see that today with a significant outperform of the market.

今天特斯拉的股票表现不错，收盘价上涨了1.8%，达到了180.14美元，表现非常出色。尽管纳斯达克指数当天下跌了0.25%，我们没有像昨天那样表现得特别出色，但至少表现依然不错。今天表现的很好，特斯拉的强劲增长让我们看到了市场的显著超越。

Are getting into the update from Deutsche Bank? They have reiterated a buy rating on Tesla maintaining their price target of two hundred dollars per share after the shareholder meeting and a Tour of gigafactory texas. I assume this was a more robust tour than Tesla gave shareholders at the shareholder meeting it was only about ten minutes there. So I assume they got a more specific walkthrough from IR. But after the tour they said that they feel that gigafactory texas is well designed and runs very efficiently and is clearly making good progress and ramping up both Vehicles and battery cells volume and an installing tooling for cyber truck. So that's a good sign to see.

你有关于德意志银行的更新消息吗？他们在股东会议和德州超级工厂的参观后，重申对特斯拉的买入评级，维持每股股价200美元的价格目标。我猜这次的参观比股东会议上特斯拉给股东展示的十分钟还要详细。我认为他们从IR那儿得到了更加具体的介绍。但他们在参观之后说，德州超级工厂设计良好，运营非常高效，并且明显在扩大车辆和电池电量，并安装cyber truck的工具。所以这是一个好的信号。

Obviously the shareholder meeting the Tesla talked about how they still view that as being on track for initial deliveries this year. So Deutsche Bank. I'm not sure if they would have been able to see any of the cyber truck tooling. But just from comments made by the people on the tour sounds like that is going well. So exciting to see that update from them. They also said that all in we came away and encouraged that Tesla could deliver cost improvements and efficiencies in the quarter ahead. In the quarter ahead which may help offset some of the pressures. But we still worry the company may have to take additional price cuts in a weakening environment.

很明显，特斯拉股东会上讨论了他们认为公司仍然能够按照计划在今年交付初步订单的问题。至于德意志银行，我不确定他们是否能够看到任何关于Cybertruck模具的东西，但是从参观人员的评论听来，似乎进展不错。非常激动人心地看到他们的最新进展。他们还表示，在未来季度中，我们相信特斯拉可以提升成本效益和提高效率，从而有助于缓解一些压力。但我们仍然担心在疲软的环境中，该公司可能不得不再采取价格战略。

Then they say midterm test it confirmed that it is working on developing two new models on its next gen platform and Represent its highest priority at present. So good to see that in terms of both reiterating something that we heard the shareholder meeting. So no surprise on that but that that does represent its highest priority. I think there's a lot of excitement building around these next generation vehicles and for Tesla to have that as a number one Slots even with a new product coming out relatively soon with a cyber truck I think is exciting and encouraging for what the timeline might look like on those vehicles and on the first part of this comment.

然后他们说，期中考试证实正在开发两个新模型，在其下一代平台上进行开发，这是目前的最高优先级。很高兴看到这一点，因为它重申了我们在股东会议上听到的东西。所以这并不令人惊讶，但这确实代表了其最高优先级。我认为，围绕这些新一代车辆正在建立很多兴奋和期待，对于特斯拉来说，拥有这些作为第一大优先事项，即使很快会推出一个新产品——CyberTruck，也是令人兴奋和鼓舞的，对于这些车辆和评论的第一部分的时间表可能会是什么样子。

Good to see that they feel like the progress that Tesla's making there at gigatexis will help with efficiencies. But obviously they're throwing in some demand concerns. So I don't think we're totally over that hill yet. But again what we talked about after the shareholder meeting I think advertising is probably something that is encouraging as it relates to Margin expectations at least in terms of that perception from Wall Street. So on this tour Tesla said that they are open to trying advertising as obviously you on said. But this was not the first time this has come up.

很高兴看到他们认为特斯拉在 gigatexis 的进展将有助于效率提高。但显然他们也提出了一些需求问题。所以我认为我们还没有完全克服这个问题。但是像我们在股东大会后讨论的那样，广告可能是鼓励人们的点，至少在华尔街的预期中是如此。因此，在这次游览中，特斯拉表示他们愿意尝试广告，就像你所说的那样。但这不是第一次提出这个问题。

Unsurprisingly, this is something that Tesla has been contemplating Internally for several months already according to Deutsche Bank from this tour. They said the Tesla believes the main challenge for advertising is with awareness so around battery life Charging capabilities durability kind of all the normal questions you get about an EV right so no surprise on that. They say the issue of the awareness on some of these things exist even in areas like California. Which we've talked about obviously has you know huge adoption of of Tesla vehicles and EVs in general with Tesla being the number two brand in California so. It's good to see that you know I think Tesla's been thinking about this for a while.

德意志银行在参观时表示，毫不奇怪，特斯拉已经在内部思考了数月的广告问题。他们说，特斯拉认为广告的主要挑战在于提高人们对电池寿命、充电能力、耐久性等与电动汽车有关的常见问题的认知度。甚至在加利福尼亚等电动汽车普及地区，人们对这些问题的认知度问题仍然存在。大量消费市场中特斯拉成为了第二大品牌，所以看到特斯拉已经考虑这个问题有一段时间，这是非常好的。

Hopefully that makes the progress in terms of whatever the plans there are Happened a little bit more quickly if that's already been a little bit on the drawing board previously. All right speaking of advertising this is not an advertisement but a little bit of a promotional video shared by a Tesla Asia on Twitter today. They've actually had a few of these where they kind of put together What could be advertisements but because Tesla's not paying to put them on a TV show or something like that. I guess technically don't count as advertising but.

希望无论什么计划，进展能够更快一些，如果之前已经有一些基础的草图或规划。说到广告，这不是一则广告，而是由特斯拉亚洲在今天Twitter上分享的一则宣传视频。他们其实有几个这样的视频，它们可以被看作是广告，但因为特斯拉没有为将其放在电视节目或其他媒体上付费，所以技术上不算广告。

Pretty nice little ad here just kind of talking about the reason that this mother chose to have a Tesla. Obviously a lot of focus on safety Which I think is something that Tesla can really take advantage of in terms of The information that they're they're presenting and sharing with people.

这则广告很好，阐述了这位母亲选择购买特斯拉的原因。很明显，广告强调车辆的安全性，我认为这是特斯拉利用他们所提供和分享的信息的一个优势。

Are getting into a couple of updates on factories? This one actually happened earlier in the week. I think it got buried a little bit in the shareholder meeting. So I apologize for that but Reuters on Tuesday had reported that Tesla has applied in China to expand gigashang high from a current production rate of up to 1.25 million We used for power trains there to 1.75 million so another 500,000 vehicle increased potentially again, you know power trains We're not quite there in terms of the production rate at gigashang high But this will provide another you know 30 40% or whatever that number equates to in terms of the production rate there So no update on if that expansion Application has been granted yet.

我们要谈一下关于工厂的一些更新吗？这个事情实际上发生在上周。我认为它在股东会议中被忽略了一点。因此我为此道歉，但周二路透社报道称，特斯拉已在中国申请扩大超级工厂规模，从当前的最高产量1.25万到175万，因此潜在增加了50万辆车的产量。虽然我们在超级工厂的动力系统生产量上尚未达到那个水平，但这将为超级工厂提供了另外30%至40%的生产能力。目前还没有关于是否授予这个扩建申请的更新消息。

We know after the shareholder meeting with David Faber Elon said that there are some constraints Around growing production in China. He didn't really elaborate on that but You know could be tied to maybe some concerns that Tesla has around this or you know around the next generation vehicle things like that Also part of this report Or just saying that Tesla is also looking for clearance to produce pouch type battery cells in China Which would be a first for them saying that they would have a trial production line Which would have an initial annual capacity to make 20,000 amp hours of cells Equivalent to the power in a single model Y battery pack. So this is a little bit confusing in terms of what that production rate would be if these are 400 volts this would be about 80,000 Kilowatt hours so you'd be looking at enough for a hundred vehicles So this looks like it would be very very small scale unless something is a little bit off

在股东会议后，Elon告诉David Faber称，在中国生产方面存在一些限制，但他并没有详细解释。这可能与特斯拉对此方面的一些担忧有关，或者与下一代车型等相关。此外，特斯拉也在寻求在中国生产袋式电池的批准，这对他们来说是第一次，称他们将有一个试生产线，最初的年产能为20,000安时的电池，相当于单个Model Y电池组的功率。如果这些电池是400伏，那么这将是大约80,000千瓦时，足够100辆车使用。因此，除非有些地方出了问题，否则这看起来将是非常非常小规模的。

Either on the reporting or my understanding of the reporting which is possible as well But kind of interesting to see that maybe Tesla would go down that path Obviously, they're beginning a lot of this type of battery from CATL at the moment

不管是关于报道还是我对报道的理解，都有可能出现这种情况。但是看到特斯拉可能会走这条路，还是挺有趣的。显然，他们目前正从CATL这种类型的电池开始启动。

And then we have more reporting again for the third day in the road third day in a row on Tesla and India And a couple of different reports here first ridgers reporting some comments that were made by the deputy minister of technology of India Saying that Tesla is quote very seriously looking at India as a production and innovation base and going on to say That quote you talk about cars you talk about energy you talk about manufacturing technology So all of that figures in the conversation what they will do what they will want to do in India It's too far for me to tell and it's not easy for me and it's not for me to say

接着，我们又看到了第三天关于特斯拉和印度的报道。来自Ridgers的报告中，引述了印度技术副部长的一些言论，称特斯拉正在非常认真地将印度作为生产和创新基地，并继续表示：“如果你谈论汽车、能源、制造技术，所有这些都会成为会谈的内容。他们将会在印度做些什么，想要做些什么，对我来说还为时过早，也不容易说清楚。”

So basically saying you know no announcements here But that Tesla is talking about production and potentially not just production for vehicles potentially batteries energy storage and things like that So on the other hands we then have Bloomberg also today reporting That sources have told them that although Tesla has been in discussions with India and we know that executives have been there A delegation or sorry executives that have been there as a part of the delegation that Tesla has sent Have stopped short of proposing to build vehicles in the country

基本上是说在这里我们没有任何公告，但特斯拉正在谈论生产，可能不仅仅是汽车的生产，也可能包括电池、能源储存等方面。另一方面，彭博社今天还报道称，消息人士告诉他们，尽管特斯拉一直在与印度进行讨论，并且我们知道高管们也去过那里，作为特斯拉派出的代表团的一部分，但他们并没有提出在印度建造汽车的建议。

According to these sources. So kind of directly conflicting conflicting with what These comments may be and readers earlier reports this week But they say that while the automaker will eventually look to establish a domestic factory to tap into India's vast consumer market It has not yet presented a formal plan. So You know, it's a little bit probably semantics on whether a formal plan has been presented or if it's just kind of conversations about what that might look like But wanted to make sure that's sort of both ends of the story. We're shared on that

根据这些消息来源，它们与本周早些时候读者之前的报道直接冲突了，这些评论可能会引起这种冲突。但是他们表示，尽管汽车制造商最终将寻求建立一个国内工厂来开拓印度庞大的消费市场，但他们尚未提出正式计划。因此，这可能涉及正式计划是否已经提出或仅涉及关于计划的讨论，这可能只是对语义的一点区分，但我想确保双方的故事都会被分享到。

All right moving on we got an update today on the Chevy Silverado EV which Uh, GM is still saying is gonna ship in spring 2023. I think we're kind of quickly moving out of that window but They still say that's on track and they've announced that for the work truck edition of the Chevy Silverado EV the EPA tested range or rather the EPA testing The range will be is 450 miles So previously they had said that this would be 400 miles on the work truck now they're saying that Uh, their EPA testing process is yielded 450 miles Uh, so pretty impressive range. This is supposed to start at around $40,000

好的，接下来我们获得了有关雪佛兰Silverado电动车的更新消息，通用汽车仍然表示它将在2023年春季发货。我认为我们很快就会超出这个时间窗口，但他们仍然说这仍然是在计划中，并且他们已经宣布Chevy Silverado电动车的工作车型的EPA测试的里程将为450英里。之前他们说工作车型的行程将是400英里，现在他们说他们的EPA测试过程产生了450英里，这是一个相当令人印象深刻的里程数。这个车型的起价将在40,000美元左右。

Uh, as we can see down here However, they're gonna have multiple trims here. So if we look at Their reservation page which is actually open already Although they say it starts at $40,000. They also mentioned that future variations Will result in MSRP's of around 50 60 70 80,000 and more so What this 450 range version would be remains to be determined Uh, but we can see again that they are you know talking about this now on their site So they do view this as a relatively official number at this point

嗯，就像我们在这里看到的那样，他们将在这里推出多个版本。如果我们看看他们的预订页面，实际上已经开放了，尽管他们说起步价为40,000美元，但他们还提到未来的版本将导致MSRP价格约为50,60,70,80,000美元甚至更多。因此，这个450英里的版本还有待确定。但是，我们可以再次看到他们在网站上正在谈论这个问题，因此他们认为这是一个相对正式的数字。

All right, and then another quick thing on GM uh, just kind of some weekend watching here I think Sanimon Row put up a video or a Monroe and associates rather put up a video on their teardown of the Hummer EV Uh, which is sort of interesting in that it is obviously so inefficient Not that that was the primary goal for the vehicle But uh, you can see here the miles per kilowatt hour chart that Monroe has put together Uh, with the Hummer weight the bottom again not surprising that was not the goal but um, just kind of interesting to see that teardown

好的，关于通用汽车还有一件事，可能大家可以在周末关注一下。据我所知，Sanimon Row或者说是Monroe and Associates在他们的拆解视频中对Hummer EV进行了拆解。这很有趣，因为很明显这款车很不高效，虽然高效并不是这款车的主要目标。但是，在这里可以看到Monroe制作的每千瓦时英里数图表。底部是Hummer的重量，这也并不令人惊讶，但是这个拆解的过程很有意思。

Uh, as you can see from the title uh, they do not view this as being an exercise in lean design And so uh, kind of interesting to see that especially with the news of the Chevy Silverado and and kind of the range today I would expect that that is also not really being necessarily achieved through excellent efficiency But probably more through uh, just kind of you know throwing a lot of batteries uh, in the vehicle

嗯，正如您从标题中所看到的，他们并不认为这是精益设计的一种锻炼方式，这很有趣。尤其是随着雪佛兰Silverado的新闻和今天的款式，我认为这不是通过优异的效率来实现的，而是在车辆中加入更多的电池。

All right, and then lastly for today just a quick look at the calendar for next week Uh, we should have a couple interesting things uh, with the FMC meeting minutes from last meeting dropping on Wednesday And then we'll also have PCE on Friday Uh, as we head into Memorial Day weekend with the markets then being closed uh, the following Monday

好的，最后再快速看一下下周的日历。我们应该会有一些有趣的事情发生，上周的 FMC（美联储）会议纪要将于周三发布，接着在周五还有个物价消费指数（PCE）。接下来我们就要迎来纪念日周末，当时股市将于随后的周一休市。

All right, let our app it up for today then as always thank you for listening make sure you subscribe and sign Defer notifications you can also find me on twitter at Tesla podcast

好的，我们今天的节目就到这里，像往常一样感谢你的收听，请确保你订阅和打开通知。你也可以在Twitter上找到我，账号是Tesla podcast。

And we'll see you on Monday for the May 22nd episode of Tesla Daily.

我们将于星期一见面，为Tesla Daily的5月22日节目提供报道。

Thank you.

谢谢你。意思是客气地表示感谢。尽量易读是指文字要简单明了，容易被理解。