Tesla Building New Factory / ARK's Big Ideas 2024 Released / Tesla Texas ⚡️

Welcome to Electrified, it's your host Dylan Loomis. Quick shout out to my newest patrons, Scott P. and Jaden. Thank you for choosing to support the channel. Tying a bow on Elon's compensation plan for now, let's keep in mind Elon has yet to exercise any of those options that he earned. We have a corporate governance expert saying, rarely if ever does a Delaware court rescind a compensation agreement. The board can appeal the decision to the Delaware Supreme Court.

欢迎来到《电动化》节目，我是主持人迪伦·卢米斯。快速向我的最新赞助人Scott P.和Jaden致以问候。感谢你选择支持本频道。暂时结束对埃隆的薪酬计划的讨论，让我们记住埃隆尚未行使他获得的任何期权。我们有一位公司治理专家表示，特拉华法院很少或几乎不会撤销薪酬协议。董事会可以向特拉华最高法院上诉这一决定。

If the board ends up negotiating a new compensation package, the directors involved are going to be highly scrutinized and it could be very hard for them to give Elon what he wants. I thought it was important to read the entire court case and in case you're interested, I did share my full thoughts on the matter over on X earlier today. Rather than me speculating on what the board and Elon might do going forward, there's one point that I think is going to be the main hurdle in this whole thing, which is getting Elon from about 13% ownership of Tesla now up to that 25% he wants.

如果董事会最终就一项新的补偿方案进行谈判，参与其中的董事们将面临极高的审查，他们要满足埃隆的要求可能会非常困难。我认为阅读整个法庭案件是很重要的，如果你感兴趣的话，我今天早些时候在X上分享了我完整的想法。与其猜测董事会和埃隆未来可能会怎么做，有一点我认为会成为整个问题的主要障碍，那就是将埃隆从目前大约持有特斯拉13%的股份增加到他想要的25%。

And if Tesla does not have the option on the table to implement a dual class structure, where there can be a new class of shares that have more voting power, then the only way really to get Elon from 13 to 25 is with more money or more shares. Remember, this trial was focused on two things, the process and the price. The process aspect should be relatively easy for the board to fix, just be a lot more transparent, have more negotiation, more back and forth, document everything you're doing, and then take the time to disclose everything fully in the proxy statement to the shareholders for the next comp plan. Just be overly forthcoming with all of the information explaining Elon's relationship with every board member.

如果特斯拉没有采取实施双重股权架构的选项，即可以创建一类具有更多表决权的新股票，那么将埃隆的持股比例从13%增至25%的唯一方式就是增加更多资金或更多股票。请记住，此次审判关注的是两个问题，即流程和价格。解决流程方面的问题应该相对容易，董事会只需更加透明，进行更多的谈判和交流，记录所有行动，并在下一份代理声明中充分披露所有信息给股东。要充分向股东解释埃隆与每位董事的关系，尽可能公开透明地提供所有信息。

Then after taking care of all of that, the main hurdle then becomes the price aspect, which we don't really have much precedent for Elon and the board to work with here, given the nature and scale of these plans. But if Tesla does move its incorporation to Texas, which we'll touch on later in this video, which has a bit more flexibility, and they fully disclose all of the information and they have a good back and forth for this new plan. If they leave it up to a shareholder vote again, which would most likely go through, then I really don't see what the problem will be.

在处理了所有这些问题之后，主要的难题就变成了价格方面，由于这些计划的性质和规模，埃隆和董事会在这方面并没有太多前例可借鉴。但是，如果特斯拉将公司注册迁至得克萨斯州，这是我们后面会介绍的内容，那么就会有更多的灵活性，并且他们会充分披露所有的信息，并为这个新计划进行良好的互动。如果他们再次将其交给股东投票，那么这很可能会顺利通过，那我真的看不出还会有什么问题。

And don't forget, if for whatever reason, Elon does not get compensated through this plan, that's actually a good thing for Tesla shareholders, because then you're not diluting by exercising all of those options. It would, of course, be brutal for Elon, and I would never root for that, but it's a fact of the matter. I could easily rant about this for the next 20 minutes, but I know everybody and their brothers have been talking about this ad nauseum the past 24 hours, so again, I'll direct you to my ex-profile if you want more of my full thoughts.

而且不要忘记，如果由于任何原因，埃隆没有通过这个计划获得补偿，那对特斯拉的股东来说实际上是好事，因为这样你就不会通过行使所有这些期权来稀释股份。当然，这对埃隆来说是残酷的，我永远不会支持这样的情况，但这就是事实。我可以轻松地连续20分钟大谈特此事，但我知道在过去的24小时里每个人都在不厌其烦地讨论这个问题，所以如果你想了解更多我的完整想法，我会把你引向我以前的个人简介。

The entire test the lineup, including the Model 3 Plus and the Cybertruck will be at the Canadian International Auto Show this year, February 16th to the 25th at the Metro Toronto Convention Center.

今年2月16日至25日，包括Model 3 Plus和Cybertruck在内的整个测试阵容将亮相加拿大国际汽车展览会，地点是多伦多会展中心(Metro Toronto Convention Center)。

From Charlie Belello, the average price of a used Tesla has declined 18 months in a row from a record high of 67.9000 to a record low of 34.8000. After some steep cuts when this trend began, we thought it was tapering off here over the last few months, but we do have a bit of an acceleration with this last reading, so maybe all of those Hertz sales flooding the market are actually having an impact already.

根据查理·贝莱洛（Charlie Belello）的数据显示，用特斯拉汽车的平均价格已连续18个月下降，从最高纪录的67,900美元下降到最低纪录的34,800美元。当这个趋势开始时，价格曾急剧下降，我们之前认为价格已经趋于平缓，但在最近几个月中，价格的下降又有所加速，所以也许市场上的大量Hertz销售已经产生了影响。

Elon posted a video last night walking with Optimus, and as you can see, this version does not have the skin on the butt. Oops, sorry about that, that was the wrong video. Here's the actual video from Elon. Yes, it definitely looks pretty smooth, it's off leash if you will, and it looks like it has a bunch of nodes around it for some sensor motion type of tracking, but honestly, my first thought here was we just heard on the conference call that Tesla's competitors are tracking these videos very closely stopping them frame by frame to try to get a page of their playbook. And I would hope all of you guys know I'm all about Tesla's mission, but at some point I'm wondering where their line is for what they're willing to show and reveal. You can definitely argue that long term the hardware for these humanoid bots is going to be somewhat commoditized, but I would push back we're not even close to that point right now.

昨晚，埃隆发布了一个视频，视频中他和Optimus一起走路，正如你所看到的，这个版本的机器人的屁股上没有皮肤。哎呀，很抱歉，那个是错误的视频。这是埃隆的真实视频。是的，看起来非常平滑，它没有拴绳，看起来周围有一堆节点进行一些传感器运动类型的跟踪，但老实说，我的第一个想法是我们刚刚在电话会议上听到特斯拉的竞争对手正在密切关注这些视频，逐帧停下来试图窃取他们的策略。我希望你们所有人都知道我全力支持特斯拉的使命，但在某个时候，我想知道他们愿意展示和揭示什么。你绝对可以争论说从长远来看，这些人形机器人的硬件会有些成为商品化，但我反驳说我们现在甚至还没有接近那个点。

And yes, I know the real secret sauce is going to be in these end to end neural networks that actually enable these bots to learn on their own and actually function on their own. I'm just saying if I'm a competitor, I'm putting some of my engineers on this video going frame by frame using AI to enhance the images and figuring out exactly what we can find. If you're looking for a more technical breakdown of this video, John over at Dr. Know it all did a good video with Scott Walter earlier today. So I'll have that linked below.

是的，我知道真正的秘密酱料将在这些端到端的神经网络中，它们能让这些机器人自己学习和自己运行。我只是在说，如果我是竞争对手，我会让我的一些工程师使用人工智能逐帧查看这个视频，增强图像，并找出我们能找到的一切。如果你想更详细地了解这个视频，John在Dr. Know it all那里已经做了一个与Scott Walter合作的好视频。所以我将在下面给出链接。

On the humanoid front, we have figure AI in talks to raise as much as $500 million in a funding round led by Microsoft and open AI figure is seeking additional investors for the deal. In this potential scenario, Microsoft would invest about $95 million and open AI would put in $5 million. They're saying the deal could give figure a $1.9 billion pre money valuation. All that means it's what a company is worth before any money is actually put into it. The funding round is not finalized, the amounts could change, and the deal could fall through all together. It'll be interesting to watch how the markets are valuing some of these humanoid robot startups in the weeks and months ahead as this industry is certainly picking up steam as of late.

在人形机器人领域，Figure AI正在与微软和OpenAI进行谈判，计划通过一轮融资筹集多达5亿美元，微软和OpenAI将领头进行投资，而OpenAI还在寻找额外的投资者。据说，这笔交易可能使Figure AI的估值达到19亿美元。所谓的估值是指在实际投入任何资金之前，公司的价值。目前融资尚未最终确定，金额可能会有变动，甚至整个交易也有可能破裂。近期，这个行业正在迅速发展，因此观察市场如何评估这些人形机器人初创公司的价值将会很有意思。

Reuters is reporting today that LA San Francisco and two dozen other California counties are suing Tesla over the alleged mismanagement of hazardous materials. The counties accused Tesla of violating state unfair business and hazardous waste management laws by improperly labeling waste and sending the materials to landfills that cannot accept hazardous material. California's hazardous waste management law carries potential civil penalties as high as $70,000 per violation per day. The lawsuit seeks civil penalties and an injunction that would require the company to properly handle its waste in the future. Specifically, the waste produced or handled at the facilities includes paint materials, brake fluids, used batteries, anaphrase, and diesel fuel. The lawsuit claims violations have occurred at as many as 101 facilities, including Tesla's manufacturing plant and Fremont. So is this 101 facilities a typo? Because I'm not even aware of Tesla having that many facilities to begin with. You may recall back in 2019 Tesla paid a $31,000 penalty and bought $55,000 in emergency response equipment thanks to a settlement with the EPA over federal hazardous waste violations at its factory. The EPA said Tesla failed to comply with air emission standards for equipment leaks and management requirements for generators of hazardous waste. And in 2022, Tesla settled with the EPA under which Tesla had to pay a $275,000 penalty. So yeah, unfortunately Tesla has been down this road before.

路透社今天报道，洛杉矶、旧金山和加利福尼亚州其他二十多个县正在起诉特斯拉，指控其对危险废物进行不当管理。这些县指责特斯拉通过错误标记废物并将其发送到不能接收危险物质的垃圾填埋场，违反了该州的不正当商业行为和危险废物管理法律。加利福尼亚的危险废物管理法律规定，每天每次违规可能面临高达7万美元的民事罚款。此诉讼要求处以民事罚款，并要求该公司未来正确处理其废物。具体来说，这些设施产生或处理的废物包括涂料材料、刹车液、废旧电池、镁铈矿和柴油燃料。诉讼称有多达101个设施存在违规行为，包括特斯拉的制造工厂和弗里蒙特工厂。所以这101个设施是个打字错误吗？因为我甚至不知道特斯拉有那么多的设施。你可能还记得在2019年，特斯拉因违反联邦危险废物规定，工厂遭到EPA处罚31,000美元，并购买了55,000美元的应急响应装备。环保局表示，特斯拉未能遵守设备泄漏的空气排放标准和危险废物发电机管理要求。而2022年，特斯拉与环保局达成和解协议，需支付27.5万美元罚款。所以，不幸的是，特斯拉之前也曾走过这条路。

Tesla is set to expand battery production in Nevada opening a small facility using idle equipment from CATL. Tesla plans to buy machinery from CATL and install it somewhere in sparks. Tesla will have full control of the facility and cover 100% of the costs. CATL personnel will be uninvolved other than helping to set up the equipment. So this is not at all like that joint venture that Ford and CATL have been trying to get pushed through in Michigan that has faced a ton of pushback. This new plant which will make sells for Tesla's mega-packed is part of a broader effort for Tesla to onshore the supply for lithium iron phosphate or LFP cells. Tesla sees this equipment purchase agreement as a cost effective way to set up the new facilities.

特斯拉计划在内华达州扩大电池生产，并利用包括宁德时代在内的厂商的闲置设备开设一个小型工厂。特斯拉计划从宁德时代购买机械设备，并在Sparks市某处安装。特斯拉将完全控制该工厂，并承担全部费用。宁德时代的员工除了帮助安装设备外将不参与其中。因此，这与福特和宁德时代在密歇根州试图推动的那个面临很多阻力的合资企业完全不同。这个新工厂将生产特斯拉的超级电池组件，并是特斯拉将锂铁磷酸(LFP)电池的供应回归国内的更大努力的一部分。特斯拉认为这个设备购买协议是建立新工厂的一种经济高效的方式。

The article said Tesla intends to double capacity this year in lay-through up just to be clear that was just the extra production line coming online this year that was talked about on the conference call so the max output at lay-through up is still 40 gigawatt hours.

该文章称特斯拉计划在今年将产能翻倍，但需要明确的是，这只是指今年将投入使用的额外产线，如同在电话会议中所讨论的那样，因此，目前拉伊索夫的最大产出仍为40千兆瓦时。

Tesla's existing mega-packed product already uses CATL cells and Tesla plans to follow the design of those batteries for the cells built at the new facility.

特斯拉现有的超级电池产品已经采用了CATL电池，并且特斯拉计划按照这些电池的设计，在新工厂建造的电池中继续使用该设计。

Initially the plant will have a limited output around 10 gigawatt hours but could be expanded if the project goes smoothly and the supply chain can be established. The facility likely won't be operational until 2025 but it could eventually account for about 20% of Tesla's battery production in the region including the lay-through facility.

最初，该工厂的产量将有限，大约为10吉瓦时，但若项目顺利进行且供应链得以建立，其规模可以扩大。这个设施可能要到2025年才能投入运营，但最终可能占据特斯拉在该地区约20%的电池生产产能，包括中转设施。

Thus if you assume the 40 from lay-through up in the 40 gigawatt hours from giga Nevada 80 times 20% is about 16 gigawatt hours per year that this new mini-factory

因此，如果假设从Giga Nevada到40千兆瓦小时的电力供应中有40千兆瓦小时，80倍20％约等于每年16千兆瓦小时的新迷你工厂。

I can't say for certain but if previously Tesla was importing the cells and then assembling them here in the United States they would only be getting a portion of the credits that are available. Meaning with this new factory there's a chance that because Tesla will be actually building and assembling the packs here in the States they can get the full credit.

我不能确定，但是如果之前特斯拉是进口电池然后在美国组装的话，那么他们只能获得可用点数的一部分。也就是说，通过这个新工厂，特斯拉在美国实际上是在建造和组装电池组，他们有机会获得全部点数。

We don't know exactly how this deal will be structured but there's at least a chance that Tesla has access to the full credits not having to share it with CATL since CATL will be mostly uninvolved at this site other than providing the equipment and helping them to get it set up.

我们不确定这项交易的具体架构，但至少有一种可能性是特斯拉能够全面获取到这些积分，而不必与CATL分享，因为除了提供设备并帮助其搭建之外，CATL在该项目中基本上不会参与其中。

I briefly popped Elon's poll in the episode yesterday should Tesla change its state of incorporation to Texas 87% of the over 1 million votes said yes. The thing about this one though is probably 99% of those votes have no idea what they're talking about myself included. It was clearly just a scenario where everybody was fed up with what just happened in Delaware.

昨天，在一期节目中，我简要提及了埃隆的投票，有超过100万票中的87%表示特斯拉应该将其注册地更改为德克萨斯州。但是有一个问题是，99%的这些投票者可能对他们所谈论的事情一无所知，我自己也包括在内。很明显，这只是一个情景，大家对刚刚在特拉华州发生的事情感到厌烦。

Naturally that poll led me down a rabbit hole to try to gather some information and come up with somewhat of a pros and cons list for incorporating in each state. Here's the problem for a multinational company as complex as Tesla this is not something that a 30 minute Google search is going to give you good answers for.

自然而然，这项调查引导我深入研究，试图收集一些信息并为每个州的公司合并编制一份优缺点清单。然而，对于像特斯拉这样复杂的跨国公司来说，这并不是一个30分钟的谷歌搜索能够给出令人满意答案的问题。

It becomes incredibly complicated and nuanced very quickly right when you get into it. However I was able to find this document now it is from the SMU Law Review which is a college in Texas but the main takeaway is that the legislature in Texas has been working to improve the system in recent years to attract more business to the state.

一旦你深入研究，事情会变得非常复杂和微妙。然而，我现在找到了这篇文章，它来自德克萨斯州的南卫理公会大学法律评论，主要传达的信息是德克萨斯州的立法机构近年来一直在努力改善体系，吸引更多的企业来到该州。

Example Texas has adopted a viable and successful tort reform system while the Delaware courts tend to create legal theories that are dependent on relatively uncertain and fact specific standards of conduct. Thus the historical Delaware approach of relying on judicial interpretation to resolve many issues has in recent years created more uncertainties than it has resolved.

德州已采用了一个可行且成功的侵权改革体系，而特拉华州的法院倾向于建立依赖于相对不确定和事实特定的行为标准的法律理论。因此，特拉华州历史上依赖司法解释解决许多问题的做法，在近年来比解决问题更多地产生了不确定性。

Although the process of molding the Texas Business Corporation Act into a modern and flexible statute is an ongoing process the efforts of Texas to create a friendly environment for business has been successful. Today while Texas may not have as expansive a body of case law on corporation law issues as Delaware's nor arguably as sophisticated a judiciary on such issues Texas corporations enjoy many advantages over their Delaware counterparts.

虽然将《得克萨斯州商业公司法》塑造成一部现代化和灵活的法规的过程仍在进行中，但得克萨斯州为创造一个友好的商业环境所作的努力已经取得了成功。如今，虽然得克萨斯州在公司法问题上可能没有像特拉华州那样广泛的案例法规定，也可能没有在这些问题上像特拉华那样复杂的司法系统，但得克萨斯州的公司享有许多优势，超过了特拉华州的对手。

Those advantages are provided through a combination of a statutory philosophy of providing corporations with maximum flexibility and a clearer and more precise statute that obviates the need for case law to interpret the ambiguities existing under the Delaware General Corporation law.

这些优势是通过一种法定的理念实现的，该理念旨在为公司提供最大的灵活性，并通过一部更清晰、更精确的法规消除对于根据特拉华州总公司法解释其中存在的模糊之处需要案例法的要求。

Once you get past those basics I get out of my depth very quickly and it's not a place I'm willing to wait. The conclusion as is evident from the above discussion the TBCA has evolved over the last decade into one of the most modern flexible and progressive corporation law statutes in the country. As such it's on par with the DGCL Delaware and in many areas provides corporations with greater flexibility options and alternatives than are available to corporations under Delaware law.

一旦你摆平了那些基础问题，我很快就会陷入困境，而且这不是我愿意等待的地方。从上面的讨论可以看出，根据这个结论，TBCA在过去十年中已经演变成为国家中最现代、灵活和进步的公司法规之一。因此，它与特拉华州的DGCL法规相当，并且在许多领域为公司提供了比特拉华州法律下更大的灵活性选择和替代方案。

Just know that this choice is way more complicated than you are most likely thinking right now. It is true in more recent years Texas has been offering more favorable tax laws and we have the Governor Greg Abbott saying Elon it's over the election desk is declaring a landslide victory for Texas.

请知道，这个选择比你现在很有可能想的要复杂得多。近年来，德克萨斯州确实提供了更有利的税法，并且我们的州长格雷格·阿伯特表示，埃隆关于选举台上的事情已经宣布德克萨斯州取得了压倒性的胜利。

Just a few days ago Rohan Patel commented on Tesla not technically being able to sell cars directly to consumers in Texas yet saying just to be clear on this one we have very few operational constraints in Texas. This has enabled tens of thousands of new customers in Texas has taken creative work by the Texas government and the Tesla North America team.

就在几天前，罗汉·帕特尔评论了特斯拉在得克萨斯州无法直接向消费者销售汽车的技术问题，但他说，只是为了清楚起见，我们在得克萨斯州几乎没有运营上的限制。这使得成千上万的得克萨斯州新客户能够购买特斯拉汽车，这是得克萨斯州政府和特斯拉北美团队的创意工作所促成的。

As we've touched on, these anti-competitive dealer laws are a pesky thing to get rid of with a lot of money behind them. You may recall Goshen is looking to set up two battery factories in the United States that they are getting tax dollars for. Now we have a former CIA director saying that these plans may be used for espionage. He said, "I don't think there's any question that they're going to take advantage of that situation, and I think we have to be very vigilant about what the heck is going on, that's just the way they operate. They'll establish a manufacturing unit, they'll establish whatever they can, and then they'll use that for their own intelligence purposes." And Mike Pompeo, the former secretary of state, said, "I think it's worse than the fact that they will engage in espionage. I think that's just the top of the list. They'll use this in ways that will leverage the Chinese advantage. These plans are deeply dangerous to our national security and ought not to be built." To top it all off, for the one battery factory that's supposed to be in Illinois, costing around two billion dollars, they were set to get five hundred and thirty-six million dollars in incentives. This, of course, coming from the government and ultimately the taxpayer. Keeping a finger on the pulse of what the chatter is around these topics will be very important over the next decade when it comes to the likelihood of Chinese companies ever being able to sell electric vehicles here in the United States.

正如我们之前提到的，这些反竞争的经销商法律是一件令人头疼的事情，背后牵涉了大量的资金。你可能还记得Goshen计划在美国设立两家电池工厂，他们将获得税款支持。现在，我们有一位前中央情报局局长表示，这些计划可能会被用于间谍活动。他说：“我认为他们无疑会利用这种情况，我们必须非常警惕正在发生的事情，这就是他们的作法。他们会建立制造单位，建立他们能够的一切，然后将其用于自己的情报目的。”而前国务卿迈克·庞培也表示：“我认为最糟糕的不仅仅是他们会进行间谍活动，这只是问题的冰山一角。他们会利用这一点来发挥中国的优势。这些计划对我们的国家安全非常危险，不应该被建立。”更加让人担心的是，这其中一家预计耗资20亿美元的电池工厂，他们将获得5.36亿美元的激励资金。当然，这些资金来自政府，最终由纳税人承担。接下来十年，密切关注关于这些话题的传闻非常重要，因为这关系到中国企业能否在美国销售电动汽车的可能性。

Jim Farley just posted on X: he's pleased to confirm eligible Machi and F-150 Lightning owners in the US and Canada can reserve a complimentary adapter starting soon. More details will be coming soon for this fast charging adapter, giving Ford customers access to the Tesla supercharger network. 2021 to 2024 model year Machi and F-150 Lightning customers will be eligible, and the reservation process will be validated by VIN. One charger per VIN. Ford will cover the cost of shipping. Details on how to reserve and the tech specs of the adapter will be shared soon. Activating charging and payment, once a customer has an adapter, will be seamless through Ford Pass or in-vehicle public charging app.

吉姆·法利（Jim Farley）刚刚在X上发布了以下消息：他非常高兴确认美国和加拿大的符合条件的Machi和F-150 Lightning车主即将可以预订免费适配器。有关这个快速充电适配器的更多细节将很快公布，这将使福特的客户能够使用特斯拉超级充电站网络。符合条件的车辆为2021至2024年款的Machi和F-150 Lightning车型，并且预订过程将通过VIN进行验证，每个VIN只能预订一个充电器。福特将承担运费。有关如何预订和适配器的技术规格的详细信息将很快公布。一旦客户拥有适配器，通过福特Pass或车内公共充电应用程序激活充电和支付将非常便捷。

Some auto finance experts are now agreeing with Elon and Tesla that affordability remains a key concern. Right now, 21% of new vehicles are now paid for in cash, which is decreasing the loan opportunities. That compares with an average rate of cash deals of about 13 or 14% historically. Delinquencies are also steadily increasing, and they mention this stat that 41% of EV owners go back to gasoline-powered vehicles when they return to the market. But if you remember what I said yesterday, the devil is in the details. If you go find the actual study from S&P, you will see that data excludes Tesla. If you actually include Tesla in the data, that number jumps to 72.6% of people with an EV that, when they go back to the market, buy another EV.

一些汽车金融专家现在开始同意埃隆·马斯克和特斯拉的观点，即购车能力仍然是一个关键问题。目前，21%的新车购买采取现金支付方式，这降低了贷款机会。与历史上约13%或14%的现金交易平均率相比，这一比例较高。逾期付款也在稳步增加，他们提到，41%的电动汽车车主回到市场时会购买燃油车。但是如果你还记得我昨天讲的内容，细节决定成败。如果您找到S&P的实际研究报告，您将会发现该数据排除了特斯拉。如果实际上将特斯拉纳入数据中，这一比例跃升至72.6%的电动汽车车主，在回到市场时会购买另一款电动汽车。

The actual pricing for the Polestar 4 is now unveiled, starting around $64.8 thousand dollars. This car, that yes, does not have a rear window. The single motor variant, with a 100kWh battery pack, promises a 379-mile range and a 0 to 62 mile per hour sprint in 7.1 seconds, charging up to speeds of 200kW. The long-range dual motor goes 0 to 60 in 3.7 seconds. Production for North American orders are expected to start sometime later this year, and then deliveries to customers in North America are planned to begin late 2024. I've seen a lot of people ask why Polestar removed the rear window. As far as I understand it, so they could extend the rear header and expand the panoramic glass roof behind the rear passengers. Basically, for a more spacious and a brighter interior environment, the rearview mirror has been replaced by a high-definition screen that displays a live camera feed from the car's roof. That way, you don't have any headrests or passengers in the way of that view. The screen can also be switched to a traditional mirror mode if the driver wants to check on the rear occupants.

现在揭示了Polestar 4的实际定价，起价约为64.8万美元。这辆车没有后窗。单电机车型配备了100 kWh的电池组，承诺续航里程为379英里，0到62英里/小时的加速时间为7.1秒，最高充电速度可达200 kW。长续航双电机车型的0到60英里/小时加速时间为3.7秒。北美订单的生产预计将于今年晚些时候开始，其后将于2024年底向北美客户交付。我看到很多人问为什么Polestar移除了后窗。据我理解，这样他们可以延长后部车顶并扩大后排乘客后方的全景玻璃车顶。基本上，为了更宽敞明亮的内部环境，后视镜被一个高清屏幕取代，屏幕会显示车顶的实时摄像头画面。这样，你就不会有任何头靠或乘客阻挡住视线。如果司机想要查看后排乘客，屏幕也可以切换为传统的镜面模式。

ARK's big ideas for 2024 just came out. I have not had a chance to study it yet, but I want to share a few slides. In case, for some reason, you're out there doubting Tesla and Elon's striving toward AI, look at this chart where ARK has the economic impact of select technologies. We know how massive and kind of unfathomable the autonomous mobility market is. That's this bar here in light blue. Compare that to the purple bar which is what ARK believes is the economic impact of AI for the next seven years.

ARK(方舟投资公司)刚刚公布了2024年的重大理念。我还没有时间去研究，但我想分享几张幻灯片。以防万一，出于某种原因，你对特斯拉和埃隆向人工智能努力的态度持怀疑态度，请看一下这张图表，ARK列举了一些技术的经济影响。我们知道自主移动市场有多么巨大，几乎难以想象。这是这里浅蓝色的柱状图。请将其与紫色柱状图进行比较，ARK认为人工智能未来七年的经济影响就是这个。

ARK said if EV adoption continues to gain traction, traditional automakers may be forced to restructure or consolidate. ARK said in the past five years, charging rates to get to 200 miles of range have improved nearly threefold, from 40 minutes to 12, and could drop another threefold to four minutes over the next five years. As EV charging reaches acceptable rates, manufacturers are likely to optimize for other features, including autonomous driving, safety, and entertainment. In the absence of an EV supply chain, Tesla had little choice but to vertically integrate. Now that the supply chain is evolving other auto manufacturers will reach profitability if they scale. Many are pulling back from the market however because the already profitable market leaders are cutting prices aggressively.

ARK表示，如果电动汽车的普及继续得到加强，传统汽车制造商可能被迫重新组织或合并。ARK表示，在过去五年中，充电速度提高了近三倍，从40分钟减少到12分钟，未来五年可能再降低三倍至四分钟。随着电动车充电速度达到可接受的水平，制造商很可能会优化其他功能，包括自动驾驶、安全和娱乐。在没有电动车供应链的情况下，特斯拉别无选择，只能进行垂直整合。现在供应链正在发展，其他汽车制造商如果规模扩大将会实现盈利。然而，许多汽车制造商正在退出市场，因为已经盈利的市场领导者正在积极降价。

I always love these price and unit sales dot plots because it shows how set apart the model why really is specifically in the biggest market in the world in China. This chart on the right with the green line shows us the vehicle price versus the addressable market as you can see at that twenty five thousand dollar price point things become incredibly exciting when it comes to the total addressable market which is why the next gen platform is so crucial. ARK said if EVs continue to gain share as we believe they will then used cars and new EVs will make more economic sense than new ice vehicles perhaps causing a death spiral for incumbent auto manufacturers. As EV and used car prices fall consumers could delay purchases waiting for even lower price points. While I do still think this will happen eventually I'm now believing it'll be closer to the end of this decade rather than in the next few years.

我一直喜欢这些价格和销售数量的点状图，因为它展示了为什么在全球最大的市场中国，该车型是如此与众不同。右侧的这张图表以绿色线条显示了车辆价格与可触及市场的关系，你可以看到在2.5万美元这个价格点上，总可触及市场变得非常令人兴奋，这也是为什么下一代平台如此重要的原因。ARK表示，如果我们相信电动车的市场份额会继续增长，那么二手车和新电动车将比新燃油车更具经济意义，可能导致传统汽车制造商陷入困境。随着电动车和二手车价格的下降，消费者可能会推迟购买，等待更低的价格点。虽然我仍然认为这个情况最终会发生，但我现在相信它会在本十年结束时而非在接下来的几年内发生。

Robo taxis are operating in around 20 cities globally with fully driverless commercial options in at least seven cities. In 2023 Baidu was operating at a run rate of 1.6 million autonomous trips triple those of Waymo. Cruise has ceased US operations with access to 50 times more driving data than Baidu in 280 times more than Waymo. Tesla has a massive data advantage as it prepares to launch its Robo taxi service the largest AI project in the world. This data for Baidu does only include the roughly 55% or so of rides that Baidu offers that are fully autonomous. And in case you need a chart to share with your unbelieving friends about Tesla's data advantage for FSD here's a good option. Another chart you can share around with family or friends ARK said with FSD mode on surface streets a Tesla appears to be around five times safer than a Tesla in manual mode and around 16 times safer than the national average. Waymo's autonomous cars are two to three times safer than the national average while Cruise now sidelined by regulators seems to have underperformed the national average considerably.

全球范围内大约有20个城市有自动驾驶出租车运营，其中至少有七个城市提供完全无人驾驶的商业选项。到2023年，百度的自动驾驶行程量已经达到了Waymo的三倍，达到了每年160万次的运行量。相比之下，Cruise在美国的运营已经停止，但其拥有的行驶数据是百度的50倍，并且比Waymo多了280倍。特斯拉在准备推出全球最大的人工智能项目-自动驾驶出租车服务之际，具有巨大的数据优势。这些百度的数据仅包括百度提供的大约55%的完全自动驾驶乘车服务。如果你需要一个图表向你的不信任朋友证明特斯拉的数据优势，这是一个不错的选择。ARK表示，在城市道路上，开启全自动驾驶(FSD)模式的特斯拉相对于手动模式的特斯拉要安全大约五倍，相对于国家平均水平要安全约16倍。而Waymo的自动驾驶汽车比国家平均水平安全两至三倍，而Cruise由于监管问题已经停滞不前，似乎表现远低于国家平均水平。

We've heard similar numbers before but their most updated target from ARK ride hail is likely to create an 11 trillion dollar addressable market. We know all about the interest rate hikes and the impact on affordability. ARK said thanks to Wright's law, ED prices should continue to fall shifting more miles onto electric platforms and decreasing the value of gas powered vehicles. As a result the around 1.6 trillion dollars in auto loans currently sitting on financial institution balance sheets or OEM balance sheets issued predominantly for gas powered vehicles could be at risk over the next 10 years. It's a very lengthy report. I'll have the whole thing link below.

我们之前听过类似的数字，但ARK打车公司最新的目标很可能将创造一个11万亿美元的可达市场。我们了解利率上调对支付能力的影响。ARK表示，得益于赖特定律，电动汽车的价格将继续下降，从而使更多的里程转移到电动平台上，同时降低了燃油车的价值。因此，目前金融机构或原始设备制造商资产负债表上约1.6万亿美元的车贷可能在未来10年面临风险。这是一份非常详细的报告。我将在下面提供完整的链接。

A quick rundown of the FOMC meeting rates are unchanged at 5.25 to 5.5 percent. They're open to cuts but most likely not soon. March is not the base case for rate cuts. Right now most likely that's off the table. The next option for a rate cut would be May or June. That means the market will probably adjust down from some people expecting March cuts. Powell said the FOMC needs to be confident inflation reaches 2% sustainably not just momentarily. They did actually remove commentary about the potential for additional monetary policy firming. What to watch in the macro space going forward banking which they oddly didn't give any commentary on and of course corporate earnings. The specific wording the US banking system is sound and resilient was removed and again no commentary on that nor questions on that. Overall to summarize the meeting I would peg it as near term bearish but long term bullish.

FOMC会议的快速概述：利率保持在5.25%至5.5%之间不变。他们对降息持开放态度，但很可能不会很快降息。三月不太可能成为降息的基准案例。现在最有可能的情况是放弃降息计划。下一次降息的选择可能是在五月或六月。这意味着市场很可能从一些人预期的三月降息中调整下来。鲍威尔表示，FOMC需要确保通胀能够持续达到2%，而不仅仅是暂时的。实际上，他们确实删除了关于可能采取额外货币政策强化措施的评论。未来需要关注的宏观领域包括银行业，这方面他们奇怪地没有做任何评论，当然还有企业盈利情况。关于美国银行体系健全和有抵御力的具体措辞已被删除，关于此事的评论和问题也都没有。总体来说，对于会议的总结是，近期看空但长期看涨。

For whatever it's worth the CME Fed watch tool did just jump up when it comes to expectations for a rate cut at the March meeting currently sitting at 53% when just about an hour ago it was down under 40%.

不论其价值如何，芝商所联邦储备观察工具对于三月会议的降息预期刚刚上升，目前已经达到53%。仅仅一个小时之前，这一比率还不到40%。

Tesla stock closed today at $187.29 down 2.24% while the Nasdaq was down 2.23%. Tesla stock traded about 6 million shares below the average 30 day volume.

特斯拉股价今日收于187.29美元，下跌2.24%，而纳斯达克指数下跌2.23%。特斯拉股票的交易量约为30日平均值的600万股。

I hope you guys have a wonderful day.

我希望你们度过美好的一天。

You can find me on X linked below. Please like the video if you did and a huge thank you to all of my patreon supporters.

你可以在下方链接的X上找到我。如果你喜欢这个视频，请点赞，同时非常感谢所有资助我的Patreon支持者们。