Rough Day For GM, Tesla Expansion Update, New Software Features

Hey everybody Rob Bauer here and today we've got some news for Tesla on Giga Berlin expansion plans and a few other updates but the most interesting news I think today relating to GM quite a few updates for them that we'll take a look at.

大家好，我是Rob Bauer。今天我们有一些关于特斯拉在吉卡柏林扩张计划以及其他一些更新的新闻，但我认为今天最有趣的新闻是关于通用汽车的一些更新，我们将一同来看看。

Alright looking at the stock Tesla up 2.1% today closing at 216.52 cents nice to see that and pretty easy to know performance of the NASDAQ which was up about 9.10% on the day today.

今天看着特斯拉的股价，涨了2.1%，收盘价为216.52美分，很高兴看到这个。今天纳斯达克的表现也很容易了解，上涨了大约9.10%。

Alright we'll start off with a couple of Tesla's stories so first off that Giga Berlin expansion plan that I mentioned RBB24 today reporting on the expansion plan hearings that have been happening over in Germany. So according to comments from Tesla representatives at this expansion plan hearing which has to do with public raising objections to potential factory expansion plans like we have seen so many times during the course of Giga Berlin. So during this Tesla representatives said that they do want to begin expanding Giga Berlin in the first half of 2024. They do say though that in the first half of 2024 the existing factory hall translated here but the existing factory would be the first one to be updated and then the company also wants to build a water recycling plans. They also say that plans for a second production facility and battery recycling plan though that might be battery production plans would be coming later. So although it does talk about expansion plans in the first half of 2024 which I think would be exciting those don't really jive with comments that we heard from Elon on the Q3 earnings call recently. So I'm not putting a whole lot of faith in this or I'm not putting my expectations too high for these expansion plans right now. Whatever they end up being just because of those comments. And again I think with anything that's regulatory Tesla is best served to probably put their best case scenario out there in terms of what they may want to do. So if they feel like there's any possibility of growing volume production or making factory updates in the first half of the year they would want to at least have the option to do so. So they would want to present that to regulators to make sure that that is something that could be done.

好的，我们将先从几个特斯拉的故事开始，首先是关于我之前提到的吉加-柏林扩张计划，RBB24今天报道了德国的扩张计划听证会。根据特斯拉代表在此次扩张计划听证会上的评论，这个听证会涉及公众对潜在工厂扩张计划提出的异议，就像我们在吉加-柏林的过程中多次见过的那样。因此在此期间，特斯拉代表表示他们希望在2024年上半年开始扩张吉加-柏林。他们确实说，在2024年上半年，现有的工厂大厅将是首个进行更新的，然后公司还计划建造一个废水回收计划。他们还表示，第二个生产设施和电池回收计划的计划可能稍后出台，尽管可能是电池生产计划。因此，尽管它谈到了2024年上半年的扩张计划，我认为这可能令人兴奋，但这些计划与我们最近在Q3财报电话会议上听到的埃隆的评论并不相符。因此，目前我对这些扩张计划没有很高的期望。无论最终结果如何，我认为对特斯拉来说，在任何需要监管的事情上，最好的做法可能是提出他们可能想要做的最好情况，这样他们至少有可能在年初进行扩大产量或进行工厂更新。因此，他们会希望向监管机构提出这一点，以确保这是可行的。

So again we'll see we don't have a whole lot of other information on this unfortunately but kind of interestingly at this at this hearing there are generally for Tesla events like this there's going to be a pretty full auditorium or pretty full room. In this case it's pretty empty I think there were only about 20 people that showed up apparently it was boycotted for some reason. I'm not sure if that really serves the boycotted is best intention in terms of raising their objections to possible expansion plans but apparently boycotted due to some information that was not disclosed or had been blacked out in some of the expansion documents seems to be the reason for that but nevertheless probably made things quite a bit smoother for the decision makers here. So I don't think we've heard any result of this but the consensus or the you know the rumors going around seem to be that there won't be any major objections just because Tesla is I think well answered some of the questions in terms of water usage and things like that that we've talked about before.

所以，不幸的是，我们并没有太多关于这个问题的其他信息，但有趣的是，在这次听证会上，通常情况下，特斯拉这样的事件通常会有一座相当多的观众席或者是一个相当满的房间。但是，这次听证会的情况却相当空旷，我想只有大约20个人出席。显然，由于某些信息的未披露或者某些扩张文件中的部分被屏蔽，导致了这次抵制行为的出现，尽管我不确定这种抵制是否符合他们的最佳意图来提出自己对可能的扩张计划的反对意见。但是不管怎样，这样做可能会让决策者们的工作变得更加顺利。所以我认为我们还没有听到任何结果，但是周围的共识或者传言似乎是，由于特斯拉在之前关于用水和其他方面的问题上回答得很好，所以不会有任何重大的反对意见。

So we'll keep an eye out for more updates on that but that is the news for today on Berlin and then we've got a bit of an update on software here so green the only on X had shared some interesting information about 2023.38 software update covered here by not a Tesla app so this is not these features are not things that are publicly facing right now but as we often see from green sometimes he gets a little bit more insight into things Tesla's working on below the surface.

因此，我们将继续关注关于这一消息的更多更新，但这就是今天有关柏林的新闻。然后，关于软件方面，我们有一些更新。某个名为Green的X用户在不是特斯拉应用上分享了关于2023.38软件更新的一些有趣信息，它们目前不是公开的功能，但正如我们经常从Green那里看到的，他有时对特斯拉正在进行的事情有更深入的了解。

So a few things we can see here supercharger congestion fees adding some fees for users charging beyond 80% when stations are busy I think that's a reasonable thing to do. On road detection communication we're going to come back to that dynamic alternate route suggestions so basically if there is you know a significant delay on your route Tesla could suggest a better route which would be a nice feature to add to have auto dial auto dial for emergency services and then coming back to this on road detection.

所以在这里我们可以看到超级充电器拥堵费，为在站点繁忙时充电超过80%的用户增加一些费用，我认为这是一个合理的做法。在道路检测通信方面，我们将会回到这个问题。动态备用路线建议，所以基本上，如果你的路线有明显的延误，特斯拉可以建议一个更好的路线，这将是一个很好的功能补充，可以自动拨打紧急服务电话，然后回到这个道路检测问题。

So this would be somewhat similar to ways functionality I'm sure there would be some some differences here but basically it would let Tesla and Tesla's cameras in Tesla vehicles basically report obstacles or hazards that they come across and then that could be fitted into the map data for other vehicles that are on a similar route. So hopefully this is something you know Tesla kind of does this already with traffic of course with the navigation I think that's a premium connectivity feature at the moment but if Tesla can evolve this over time Tesla's obviously got the best set of sensors to add this type of functionality and make it as robust as possible and I think in many ways potential to make it a lot better part in the pun then ways. which should be exciting as Tesla works on it over time.

所以这个功能有点像Ways，我确定在这方面会有一些差异，但基本上它会让特斯拉车辆上的特斯拉相机报告他们遇到的障碍或危险，并将其加入到其他正在相似路线上的车辆的地图数据中。所以希望特斯拉能够进一步发展这个功能，特斯拉显然拥有最好的传感器来增加这种功能，并使其尽可能健壮。我认为在很多方面，这有潜力使其比Ways更好，这应该是特斯拉在逐步改进中令人兴奋的部分。

So I would keep my expectations a little bit low initially but exciting to see that Tesla has some interest in that area and further developing interest in that area and further developing that sort of functionality. So we'll keep an eye out for that and then of course today because it is Tuesday we do have updated China insured vehicle numbers so for the week of October 16th through the 22nd so the third week here in the fourth quarter Tesla registered or 8100 Tesla vehicles were insured in China for the week.

所以，起初我对期望保持较低，但非常兴奋地看到特斯拉对该领域表现出了一些兴趣，并进一步发展了对该领域的兴趣以及相关功能的发展。因此，我们会继续关注这一点，当然，由于现在是星期二，我们也会更新中国保险车辆的数据，例如从10月16日到22日这一周，也就是第四季度的第三周，特斯拉在中国登记保险的电动车共有8100辆。

So as we can see comparing the past third weeks of the quarter Tesla still trailing a little bit from where they would normally be at this point but two major factors influencing this of course the very low performance in the first week with golden week probably still some recovery from that and then of course the highland transition which we've started to see those deliveries happen in Europe but no reports yet at least to my knowledge in China so until those happen we're going to see these numbers a little bit lower than what we might have seen during normal weeks as this is just going to be driven by Model Y.

正如我们所看到的，与季度过去的前三周相比，特斯拉仍然略有滞后，但两个主要因素影响了这个情况。首先是在黄金周表现非常低迷，可能还有一些从那之后的恢复；其次是高地转型，我们已经开始看到欧洲的交付情况，但至少在我所了解的情况下，中国还没有报道。所以在这些情况下，我们预计这些数字会比正常周份稍低，因为这取决于Model Y的交付情况。

Alright and then just quick updates on the Cybertruck as we tend to get most days more Cybertruck sightings but a very interesting one here I think this was originally anonymously posted on Facebook but shared on X here by drive Tesla Canada as you can see from this video probably the biggest collection of Cybertrucks that we've seen outside of drone footage ever I'm not sure exactly what the count is here but looks like maybe close to 10 something in that ballpark kind of all sitting together in a parking lot which is fun and very interesting to see and then we get a couple of look at the couple of looks at the photos here as well so hopefully not too far off from seeing Tesla's delivery lots being filled like this many times over but we'll continue to look out for more updates on the Cybertruck as we get them

好的，然后关于Cybertruck的简要更新，因为我们经常看到更多关于Cybertruck的目击事件，但这次非常有趣，我认为这个视频最初可能是匿名发布在Facebook上的，但在这里由加拿大特斯拉驱动驾驶者分享，从视频中可以看到迄今为止我们在无人机拍摄以外见到的最大的Cybertruck集合，我不确定确切的数量，但看起来可能接近10辆左右，都停在一个停车场里，这非常有趣和有趣，然后我们还能看到一些照片，希望不久后能看到特斯拉的交付场地像这样多次充满Cybertruck，但我们将继续关注Cybertruck的最新消息。

and then also anonymously posted on Facebook a person that claims to have a very low reservation number for the Cybertruck claims that they received a call from Tesla asking if they want to move forward with purchase they said that the pricing that was shared for the tri-motor version was $98,990 and then FSD was locked in at $7,000 as it was at the time of the order which Tesla said at that time that they would honor so including that obviously would put it over a hundred thousand with FSD but excluding that just below a hundred thousand for the tri-motor and we have no way of knowing if this is accurate someone could just easily make something like this up they also say that they posted this anonymously because they don't know if Tesla wants this information shared or not that makes me a little bit skeptical of this because presumably Tesla would be pretty clear about whether they want that shared or not and if they're calling reservation holders and having these types of conversations and not making that very very clear then it would seem that we would probably have seen something that was not anonymous by now just with people getting excited to share those types of things so I'm a little bit skeptical but of course this sparked a lot of conversation about what this pricing is probably though best just for us to wait until the delivery date or something that does a little bit more confirmable nevertheless obviously a point of discussion today

然后匿名发布在Facebook上的一位声称自己的Cybertruck预订号码非常低的人声称，他们接到了特斯拉的电话询问是否想继续购买。他们说，三电机版本的定价是98,990美元，全自动驾驶则锁定在了7,000美元，同时特斯拉表示他们会遵守当初的承诺。加上全自动驾驶的费用，总价超过了十万美元，不计入全自动驾驶的话，三电机版本则略低于十万美元。我们不知道这是否准确，有可能是有人捏造的。他们还表示匿名发布是因为他们不知道特斯拉是否希望这些信息被分享，这让我对此有些怀疑，因为特斯拉应该会非常明确地表达他们是否希望分享这些信息，如果他们给预订人打电话并进行这样的对话，却没有明确表示，那么我们应该早就看到了一些非匿名的信息，因为人们会兴奋地分享这些事情。我有些怀疑，但当然这引发了关于价格的很多讨论。或许最好的做法是等待交付日期或者有更可靠的信息出现，然而今天无疑是一个讨论的焦点。

Alright, getting into the updates on GM, kind of a tougher rough day for GM today. A few things that we're going to be looking at here. The first is an order of suspension for cruise vehicles in San Francisco. So, this came out mid to late morning today and GM was unaware of this until it was announced. They say that they learned of this from the announcement initially. To me, that didn't seem like the best, you know, sort of process. Seems like there's maybe some vindictiveness or something there with the DMV not really giving cruise a heads up that the suspension was coming. Probably would facilitate a better relationship to have some awareness about some of those things. But they kind of issue the suspense and suspension. Cruise forced to immediately halt their service indefinitely for the time being. We've got no date on when they can resume.

好的，现在来看看关于GM的最新消息，今天对于GM来说是相对困难的一天。我们会关注几个方面。首先是旧金山对巡航车辆发布的停运令。这个消息是在今天中午到下午才公布的，而GM在公布前是不知情的。他们表示，最初得知这一消息是通过公告得知的。对我来说，这似乎不是最好的处理方式。看起来DMV可能有些报复心理，没有提前通知巡航车停运的决定。提前了解这些事情可能会促进更好的关系。但是他们还是发布了停运令。巡航被迫立即无限期停止服务，目前我们还不知道何时可以恢复。

So, you know, my initial reaction was maybe this isn't the best. It's, it seems to have been related to that cruise accident which obviously any accident is unfortunate. This one particularly so. We had to mention it briefly. There was a pedestrian that got hit by another vehicle, then got hit by the cruise vehicle. And the cruise vehicle, although it did break during that collision with the pedestrian, apparently then continued to pull over to the side of the road and fortunately trapped the pedestrian under the vehicle. So we had talked about that briefly.

所以，你知道，我的第一反应是可能这不是最好的。它似乎与那次邮轮事故有关，显然任何事故都是不幸的。这次尤其如此。我们必须简要提到一下。有一名行人先是被另一辆车辆撞到，然后被邮轮撞到。尽管在与行人碰撞时邮轮刹车了，但显然还继续靠边停车，不幸地将行人困在车底。所以我们简短地谈过了这件事。

This suspension, if we look at the details, does relate specifically to this. And looking at the order of suspension, what seems to actually have been the case is that the DMV here is reacting to information that they claim was either withheld or omitted from cruise. So, with that context, it makes it much more I think reasonable that we're seeing this and much less red flag waving in terms of how this might impact other autonomous vehicles and their deployment in the future. When we get into a situation where maybe we're getting overregulated or something like that, it's potentially concerning for, you know, Tesla's plans for other autonomous vehicle plans in general, for vehicle safety in general if this isn't warranted. But because this does seem to come down to an omission that, you know, is a pretty significant distinction.

这个暂停，如果我们仔细看细节的话，确实与此有关。根据暂停的顺序来看，实际情况似乎是DMV在此处对克鲁斯（Cruise）所声称被隐瞒或遗漏的信息做出反应。因此，在这种情况下，我们认为这样的反应更加合理，对于其他自动驾驶车辆及其未来部署的影响也没有那么明显。当我们面临可能过度监管的情况时，这也可能引起一些关注，这对特斯拉的其他自动驾驶车辆计划以及整体车辆安全是有潜在影响的，前提是这个暂停是没有理由的。但由于这似乎是一个遗漏的问题，这是一个相当重要的区别。

So, they say that footage of the subsequent movement of the AV to perform a pull over maneuver was not shown to the department. Cruise did not disclose that any additional movement of the vehicle had occurred after the initial stop of the vehicle. The department only learned of the AV subsequent movement via discussion with another government agency. The department requested crews to provide a copy of the video with the additional footage, which was received, which was received by the department on October 13th.

因此，他们说没有向部门展示AV随后进行拉停操作的镜头。Cruise没有披露车辆在初始停车后发生的任何其他移动。只有通过与另一家政府机构讨论，部门才知道AV随后移动的情况。该部门要求团队提供附加镜头的视频副本，该副本于10月13日收到。

So, the claim that they're making there, again, that crews showed them footage of this but it was just the initial collision and stop at the cruise vehicle, not the subsequent pulling over and kind of fortunately dragging the pedestrian during that. Period of time so that would seem to be a pretty significant you know omission in which case something like this would seem to be much more justified however crews in a statement as covered by vice here said that quote I can confirm that crews showed the full video to the DMV on October 3rd and played it multiple times and quote so it's a bit of a DMV said versus crews said situation.

因此，他们声称的情况是，机组人员向他们展示了这个视频，但只是最初的碰撞和停在游轮车上，并没有展示后来的停车和不幸地拖拽行人的过程。这似乎是一个相当重要的遗漏，这种情况下，这样的行为似乎更加被证实了。然而，根据副网站报道，机组在一份声明中表示：“我可以证实，机组人员在10月3日向车辆管理局展示了完整的视频，并多次播放。”因此，这有点像是展示车辆管理局所说的，与机组所说的对立的情况。

I'm not sure what incentive the DMV would have to not be transparent or not be forthcoming about what was shown to them and that again seems to be really the driving force behind this decision is kind of the lack of trust because of this omission so it's an interesting situation.

我不确定DMV为什么没有透明地告知他们所展示的内容或为什么不坦诚，而这似乎真正是这个决定背后的推动力是因为这个遗漏所导致的缺乏信任，所以这是一个有趣的情况。

I'm sure we'll continue to hear more about it but for now crews and suspended indefinitely. in San Francisco so we'll keep it out for that and then also from GM today they actually reported earnings this morning so we get a couple of updates both on sort of UAW related items and EV related items we'll start with the EV related items so with their EVs a number of updates here they essentially are slowing down their EV plans so they say that they say that they're taking immediate steps to enhance the profitability of their EV portfolio and adjust to slowing near term growth these.

我确信我们将继续听到更多相关消息，但目前船员已被暂时停职。在旧金山，我们将持续关注此事，此外，今天通用汽车也公布了利润，所以我们将得到几个有关UAW相关事项和电动汽车相关事项的更新。我们先从电动汽车相关事项开始，他们在这方面有一些更新。实际上，他们正在放缓电动汽车计划，因为他们称他们正在立即采取措施，以提高电动汽车产品组合的盈利能力，并适应近期增长放缓的趋势。

steps include moderating the pace of our EV acceleration in 2024 and 2025 to maintain strong pricing so although they say here that they're adjusting to slowing near term growth the question was actually asked later on about demand for EVs and they said that it was really strong no issues there even though they're a relatively small producer of EVs relative to some some competitors they said that it was not due to to EV growth or EV demand specifically despite that kind of being a part of the initial.

步骤包括在2024年和2025年减缓我们的电动汽车加速度，以保持坚挺的定价。所以虽然他们在这里表示他们正在调整近期增长放缓的情况，但后来实际上被问及对电动汽车需求的问题，他们表示需求非常强劲，没有问题，尽管相对于一些竞争对手来说，他们是电动汽车领域的相对较小生产商，但他们表示这并不是由于电动汽车增长或特定的电动汽车需求，尽管这在最初的阶段中是其中一部分。

announcement here so a little bit of a I don't know conflicting answer on that piece and the Confliction continues I think sorry excuse me when they say that our commitment to an all EV future is as strong as ever and we continue to plan to have annual EV capacity of one million units in North America as we exit 2024 now even though they are continuing to guide for that one million units of capacity for 2025 they have delayed the launch of the Chevy Equinox the silver Silverado EV and the GMC Sierra EV although they do say that each of those are only delayed by a few months and then in terms of their actual targets see if we can find that they say that their EV production targets including the 100,000 EV target that they had for the second half of 2023 and the cumulative 400,000 EVs from 2022 to the first half of 2024 have been impacted or in other words delayed by their decision that they're announcing here today so they say they also said that they are not providing new targets.

在这里宣布了一些有些矛盾的消息，矛盾继续。当他们说我们对全电动汽车未来的承诺一如既往强烈，并计划在2024年退出北美市场时，我想抱歉，他们对于这一点的回答有一些矛盾。尽管他们继续计划在2025年拥有一百万辆电动汽车的产能，但他们推迟了雪佛兰Equinox、Silverado EV和GMC Sierra EV的发布。尽管他们说这些车型的推迟时间只有几个月，但关于他们实际的目标，我们看看能否找到。他们表示，他们的电动汽车生产目标，包括他们在2023年下半年的10万辆电动汽车目标以及2022年到2024年上半年的累计40万辆电动汽车目标，已经受到或者换句话说，由于他们今天宣布的决定，目标已经受到了影响或者延迟了。他们还说他们没有提供新的目标。

But are moving to a more agile approach to continue to continually evaluate EV demand again and coming back to EV demand although they said that that was not a part of it and adjust production schedules to maximize profitability we purposely built flexibility into our manufacturing facilities and are uniquely positioned among our competitors to be able to flex our production between ICE and EVs so I thought this last part was particularly interesting obviously all the delays here probably not terribly surprising given what we have talked about over the last few weeks and we've seen sort of similar updates from Ford in terms of the way that they're talking about their EV business right and their aggressiveness relating to this but this last part particularly interesting because they say that they built this flexibility and like this is some just great competitive advantage that GM has thought of that no one else has thought of but obviously any legacy automaker that is producing ICE vehicles and EVs will love to have flexibility the problem with that is that there's opportunity cost of doing that likely relating to the cost to produce these EVs if you're less all in and you're designing in contingencies those things have cost and those costs are going to translate to the cost of the vehicles or the price of the vehicles or your margins one way or the other you can't just have flexibility without you know more flexibility than others without something being worse unless we just assume that GM somehow came up with a way to do this that no one else was able to do so although they're trying to spin this positively and talk about how they have this flexibility and they're just slowing these things down so that they can sort of build off of a better stronger fundamental base as they do ramp up production again I think that is mostly just spinning the announcement here that they're significantly.

但是他们正在采用更敏捷的方法来持续评估电动汽车需求，并重新回到电动汽车需求，尽管他们说这并不是其中的一部分，并调整生产计划以最大化盈利。我们特意在制造设施中增加了灵活性，并在竞争对手中处于独特的位置，能够在内燃机车辆和电动汽车之间灵活生产。所以我认为最后一部分尤其有趣，显然这里的所有延迟可能并不令人意外，考虑到我们在过去几周谈论过的内容，我们已经看到了福特的类似更新，以及他们在谈论他们的电动汽车业务时的积极性。但是最后一部分特别有意思，因为他们说他们建立了这种灵活性，就好像这是通用汽车拥有的什么伟大的竞争优势，其他人都没有想到的。但显然，任何一家生产内燃机车辆和电动汽车的传统汽车制造商都会很愿意拥有灵活性，但问题是这样做的机会成本很可能涉及到生产这些电动汽车的成本，如果你不全力以赴并设计出备用方案，这些都会有成本，并且这些成本将转化为汽车的价格或利润率，要么这样，要么那样。你不能仅靠灵活性，而不比其他人拥有更多的灵活性，除非我们只是假设通用汽车找到了一种其他人无法做到的方法来实现这一点，尽管他们试图以积极的方式来宣传，并谈论他们如何拥有这种灵活性，他们只是在减慢这些事情的推进，以便他们可以从更稳健的基础上再次加速生产。我认为这主要只是在转述他们此前发布的重要公告。

More hesitant and although maybe they're seeing their own demand according to them for EVs being a little bit or being okay in the market they're probably looking at Tesla and the thing that things that Tesla is doing and just feeling less aggressive than they were you know two years ago or whatever the last few years as we've been hearing all these EV targets so interesting I'm not surprised by this but as as we continue to travel through this period of time those that are not willing to go all in are kind of you know going to set themselves back relative to competition that is willing to do those things which of course Tesla would be among so a number of interesting updates there on EVs

越来越犹豫了，尽管他们可能认为他们对电动汽车的需求在市场上有些或者说还可以，他们可能正在注视着特斯拉和其他电动汽车制造商的举动，觉得自己不再像两年前或过去几年那样积极。这一点很有意思，我对此并不感到惊讶，但是在我们继续走过这段时期的过程中，那些不愿全力以赴的企业将会相对于那些愿意付出努力的竞争对手落后，当然，特斯拉也是其中之一。关于电动汽车的一系列有趣的更新。

and then hopping back to crews just here for a second and looking at some of the financials that were shared in the earnings release that we were just looking at that was from the conference call

然后快速回过头来看一下刚刚我们看到的会议通话中公布的一些财务数据，这些数据是关于财报公布的。

crews revenue for this quarter was rounded out to 0.0 billion dollars so that means they're doing. less than 50 million dollars per quarter in revenue their earnings before interest in tax adjusted was negative 700 million dollars they used about half a billion dollars in cash

这个季度的收入总额约为0.0亿美元，这意味着他们的收入每个季度不到5,000万美元。他们的利息和税前调整后的盈利为负7亿美元，他们使用了约5亿美元的现金。

cash is declined in the crew's business line from 3.2 billion dollars last year to 1.7 billion dollars even the year to date numbers they're only doing somewhere around 100 million dollars so far in the first three quarters lost about 2 billion uses about 1.4 billion dollars in cash

现金在船员业务线上的销售额从去年的32亿美元下降到17亿美元，即使到目前为止，今年的数字也只有约1亿美元，前三个季度已经损失了约20亿美元，使用了大约14亿美元的现金。

and they also set in the conference call that the expenses were 700 million dollars and they expect that to continue at a similar run rate moving forward as they balance expanding operations with further efficiencies so although they've made progress in terms of the the driving domain and the size of the fleet and actually being able to accept revenue for rides really not seeing any of that come through yet still burning a lot of money still guiding to burn a lot of money and of course this is before the announcement this morning which followed GM's earnings about the suspension and San Francisco though with the revenue run rate that they're at it's not really too meaningful in terms of the cash that they are burning so just very important things to keep in mind obviously these are very different strategies that are being pursued between businesses like Cruz and Waymo and Antesla where Tesla is pursuing the much more cash flow positive option relative to these other companies so important to keep those things in mind

他们还在电话会议中表示，费用为7亿美元，并希望这种费用水平在未来保持相似的情况下继续增长，同时在扩大业务的同时提高效率。虽然他们在驾驶领域和车队规模方面取得了进展，并且能够接受乘车费用，但仍然没有看到收入的增长，仍然在大量消耗资金，并且他们在早上的公告之前就已经开始了这一举措，这个公告是在GM的盈利报告之后进行的，尽管他们的收入水平不会对他们燃烧的现金产生太大影响，但这些仍然是需要牢记的非常重要的事情。显然，克鲁兹、Waymo和Antesla等企业正在追求完全不同的战略，而特斯拉则相对于这些公司追求更具现金流量积极性的选择，因此需要牢记这些重要的事情。

and then finally they give an update on the impact of the UAW strike and they actually got a new thing impacting that right after this conference call as well so again rough day for GM but they say that in Q3 the UAW strike had a roughly 200 million dollar EBIT impact and in Q4 so far they estimate that they've lost about 600 million dollars in EBIT from from the strikes they say that moving forward they estimate the impact to be approximately 200 million dollars per week and because of the impact that they're seeing here they've chosen to withdraw their full their full year 2023 guidance that they had previously been heading towards the top half of that range on so obviously pretty impactful and continues to the impact continues to grow by the week

然后最后他们对UAW罢工影响进行了最新的更新，实际上，在这次电话会议之后，他们还受到了一种新的影响。所以对于通用汽车来说，这是一个艰难的一天，但他们表示在第三季度，UAW罢工对利润税前利润的影响约为2亿美元，到目前为止，他们估计第四季度已经损失了约6亿美元的利润税前利润。他们表示，未来移动，每周将大约损失2亿美元。由于他们在这里所看到的影响，他们选择撤回之前就一直做出的2023年全年指引，而之前的指引是朝着该范围的上半部分发展的。显然，这对他们的影响非常大，而且影响还在不断增长。

and again right after this conference call UAW opportunistically taking the taking the chance to announce a strike of 5,000 members at GM's Arlington assembly plant which is their largest plant and according to the UAW their biggest money maker so presumably they're most profitable this produces the Chevy Tahoe Chevy suburban GMC Yukon and Cadillac Escalade so prediction from yesterday that GM would be soon to follow with their most profitable plant after we had seen Ford and then Stellantis as we had talked about yesterday now GM joining that group unsurprising to me so again I think UAW kind of had this this whole plan kind of mapped out and they're just inflicting pain point by pain point and trying to subsequently get better and better better offers I don't even think they've let members vote on any of the offers that they've received yet so that I think also supports that this is just a pre-planned sort of tactic to kind of inflict as much pain as possible in a way that allows them to maintain their budget as long as possible in terms of their their strike fund as well

在这次电话会议结束后，美国汽车工人工会（UAW）机会主义性地宣布将在通用汽车（GM）的阿灵顿组装厂罢工，该厂是他们最大的工厂，并且根据UAW称，也是他们最赚钱的工厂，因此可以推断他们最为有利可图。该工厂生产雪佛兰Tahoe、雪佛兰Suburban、GMC Yukon和Cadillac Escalade等车型。昨天我们预测到福特和斯泰尔里纳公（Stellantis）之后，通用汽车很快也会加入该行列，这对我来说并不令人意外。因此，我认为UAW已经制定了这整个计划，并通过一点点的痛点造成痛苦，试图获得越来越好的报价。我甚至觉得他们还没有让会员们对收到的任何报价进行投票，这也支持了这是一种事先计划好的策略，目的是尽可能长时间地维持他们的预算，保持他们的罢工基金。

so interesting you know we'll see we'll see how automakers react Stellantis after the announcement yesterday by the UAW issued a statement saying that they are outraged that the UAW has chosen to expand their strike against Lantis talking about their offers talking about how they haven't received a counter offer not once so they're obviously becoming quite frustrated with with this as well so we'll see very interesting period of time right now both for EVs and just in general with the UAW strike but that'll wrap it up for today so as always thank you for listening make sure you're subscribed and signed up for notifications you can also find me on x at tesla podcast and we'll see you tomorrow for the Wednesday October 25th episode of tesla daily thank you

非常有趣，你知道的，我们将看到汽车制造商在昨天UAW发表声明之后如何反应Stellantis。声明中表示他们对UAW选择扩大罢工感到愤怒，讨论他们的提议，谈论他们从未收到过一次还击的要约，因此他们显然对此变得非常沮丧。现在对于电动汽车和UAW罢工来说，这段时间非常有趣，但我们今天就到这里，一如既往感谢您的收听，请确保您已经订阅并开启通知，您也可以在x上找到我tesla播客，我们明天再见，感谢。