Tesla Q1: 1 Thing No One Is Saying / GM's "Year of Execution" (Lol) / Tesla's HW Situation ⚡️

In this case street criticism is warranted. Hey look I mean for the long term like in terms of the actual opportunity for EV for full self-driving for autonomous that's still there but let's just call it get in this is no smoke and mirror. I mean if you hooked up train wreck in the dictionary you'd see a picture of Hessel's 1-Q quarter. Welcome to electrified it's your host Dylan Loomis. So Tesla's Q1 numbers 386.8000 deliveries 433.4 thousand produced.

在这种情况下，对街头批评是合理的。嘿，我的意思是从长远来看，就实际机会而言，对于全自动驾驶的电动车，这仍然存在，但让我们称之为进展吧，这不是虚张声势。我的意思是，如果你在词典里查Train Wreck（火车出轨）一词，你会看到Hessel的第一季度的图片。欢迎收听《电动化》，我是主持人迪伦·卢米斯。所以，特斯拉的第一季度交付量为386.8万辆，生产量为433.4万辆。

Flat out it's a bad quarter even worse than anyone was expecting. I'm not sure who needs to hear this but companies have bad quarters even Tesla. Keyword here Tesla said the decline in volumes was partially due to the updated model 3 switch over at Fremont the Red Sea conflict and the arson attack at Gigabirlin. It just seems like too many people out there are trying to make this a binary problem either it was a supply problem throughout the quarter or it's because Tesla's demand is cratering. The real answer is somewhere in between.

整体而言，这是一个糟糕的季度，甚至比任何人预期的都要糟糕。我不确定谁需要听到这个消息，但是即使是特斯拉这样的公司也会有糟糕的季度。关键在于，特斯拉表示销量下降部分是因为Fremont车型3的更新换代、红海冲突以及Gigabirlin的纵火袭击。现在似乎有太多人试图将此问题简化为二元问题，要么是整个季度都存在供应问题，要么是特斯拉的需求急剧下降。真正的答案在于二者之间。

Yes the supply disruption in quarter one was very real and Tesla may actually deserve some of the blame for this model 3 change over not happening as fast as it could have. But even Tesla is admitting that's not the whole story. I thought it was funny Tesla's sugar coating tossing in Q1 highest best deployments to date. Tesla's Q1 of last year 422.9 thousand deliveries 440.8000 produced. Tesla's Q1 earnings will be April 23rd and it will be live streamed on X. It will most likely also be on YouTube as well.

是的，第一季度的供应中断确实是非常真实的，特斯拉可能确实应该为 Model 3 转换未能尽快实现承担责任。但即使特斯拉也承认这并不是所有的故事。我觉得有趣的是特斯拉在第一季度将最高最佳部署的数字增加了进去。去年第一季度，特斯拉交付了422.9万辆车，生产了440.8万辆车。特斯拉的第一季度收益将于4月23日公布，并且将通过 X 进行直播。很可能也会在 YouTube 上播出。

I'm gonna try not to belabor many points here as I am of the camp that we need to de-emphasize the importance of these production and delivery reports every quarter. As a long-term investor the truth is we just don't need the detailed analysis we have about these P&D reports but we have it and there's a few points I want to touch on. These results mean Tesla delivered over 36,000 deliveries less than quarter one of 2023 down 8% year over year down 20% quarter over quarter.

我会尽量不在这里详细讨论很多点，因为我认为我们需要减少对每个季度的生产和交付报告的重视。作为一名长期投资者，事实是我们并不需要如此详细的分析有关这些生产和交付报告，但我们有，我想谈一下几点。这些结果意味着特斯拉在2023年第一季度交付的数量比去年同期少了超过36,000辆，同比下降了8%，环比下降了20%。

The gap between production and deliveries was bigger than is standard for Tesla. The problem is we don't know how many of these vehicles are going to inventory and how many are just in transit not yet arriving to their customer. Given the fact that Tesla did not cut prices they actually hiked prices in multiple geographies and there was no quarter end delivery push no email from Elon like we usually see that could be interpreted as a semi bullish thing. AKA most of these 46.6000 vehicles should actually be delivered in quarter two and they're already on the way.

特斯拉的生产和交付之间的差距比标准要大。问题在于我们不知道这些车辆中有多少会进入库存，有多少只是在途中尚未到达客户手中。考虑到特斯拉并没有降价，而实际上在多个地区还提高了价格，且季末没有交付促销，也没有像我们通常看到的埃隆（Elon）的邮件，可以被解释为半乐观的消息。也就是说，这46,600辆车中的大部分实际上应该在第二季度交付，并且它们已经在路上了。

This also provides a great reminder that we do not have as much insight into Tesla as a company as we think that we do. Yes we can track ships and registration numbers and aggregate it from around the world but at the end of the day there's still a large amount of Tesla's operating activity that is totally opaque. Honestly shout out to Troy because he always faces so much backlash from people saying that he's too bearish and I think the truth of the matter is most of these Wall Street analysts just watch what Troy is doing and then piggyback off of his data. That's just another reason why these Wall Street expectations are mostly a joke because they don't update their numbers throughout the quarter and then when they do they're again most likely just double checking where Troy is at and then using that as a benchmark.

这也提醒我们，我们对特斯拉这家公司的了解并没有我们自认为的那么深入。是的，我们可以追踪船只和注册号码，并从全球范围内汇总这些信息，但归根结底，特斯拉的很多运营活动仍然是完全不透明的。老实说，要向特洛伊致敬，因为他总是面对那么多人说他太悲观了，我认为实际情况是，大多数华尔街分析师只是看看特洛伊在做什么，然后利用他的数据跟风。这也是为什么这些华尔街的预期大多是笑话的另一个原因，因为他们不会在季度内更新数据，当他们真正更新时，最有可能的是再次核对特洛伊的数据，然后将其作为参照。

I just think it needed reiteration that these Wall Street forecasts are ultimately a joke and the fact that so many Tesla investors put so much stock in whether Tesla comes above or below those expectations really doesn't make any sense. Obviously I understand Wall Street has the money that mostly moves Tesla stock in the short term but that's totally disconnected from Tesla the company and the fundamentals of the business long term. The big question is will these problems persist into quarter two when you look at the Model 3 plus change over in Fremont that's still only about 60% of capacity so better than it was in Q1 but not back to 100%.

我认为需要重申的是，这些华尔街的预测最终都是笑话，而这么多特斯拉投资者对特斯拉是否达到或低于这些预期寄予厚望，实在是毫无意义。显然，我明白华尔街在短期内拥有推动特斯拉股价走向的资金，但这完全脱离了特斯拉这家公司及其长期业务的基本面。重点问题是，当你看到Model 3和Fremont工厂的转型，目前的产能仍然只有大约60%，虽然比第一季度好，但还没有回到100%。

What I haven't seen anybody talking about is the implications this has for the Model Y refresh because let's not forget we have four different factories that are going to have to be retooled for the Model Y. That's compared to only two for the Model 3 plus and Tesla has been struggling with that so we could assume that the Model Y switch over at least in Fremont also may be challenging. At least to some degree the Red Sea disruptions are still taking place just two weeks ago we had another so there's a chance only one of those three problems is actually a one-off one-quarter problem with two persisting into the future.

我没有看到任何人谈论的是这对Model Y刷新的影响，因为我们不能忘记我们有四个不同的工厂需要为Model Y重新调整设备。相比之下，Model 3加有两个工厂，而特斯拉一直在努力应对这个问题，所以我们可以假设至少在弗里蒙特，Model Y的转换可能也会具有挑战性。至少在某种程度上，红海的干扰仍在继续，就在两周前我们又遇到了另一个问题，所以有一个可能是这三个问题中只有一个单季度问题，而另外两个会继续存在。

We should get a lot more detail on the Q1 call but I think there's a chance we don't have more clarity about how bad things actually are for Tesla until quarter two. If in quarter two Tesla beats expectations fairly significantly because they're starting off the quarter with a 46.5 thousand unit head start then maybe we're back on track for doing around two million for the year and yes for full be EVs for BYD in quarter one they were down about 40 quarter over quarter but they were still up 13 percent year over year. You can blame China's economic situation for a slowdown in Tesla and BYD sales but to argue it's a one-off event just isn't accurate because economic cycles are a fact of markets that are not going away. Maybe this can provide you a bit of solace when it comes to pure be EV sales in quarter one Tesla outpaced BYD by 29 percent. For all we know BYD may internally be prioritizing hybrids but at least for this quarter Tesla has the crown back for the most full EV sales globally.

我们应该在第一季度电话会议上获得更多细节，但我认为在第二季度之前，我们可能不会对特斯拉的实际情况有更明确的了解。如果在第二季度，特斯拉能够大幅超出预期，因为他们在季度初已经有了46.5万辆汽车的起步优势，那么也许我们可以重新回到年销量约200万辆的预期，是的，就比亚迪在第一季度的全电动车销量而言，他们季度同比下降了约40%，但年同比仍增长了13%。你可以将中国经济形势归咎于特斯拉和比亚迪销量的减缓，但认为这是一次性事件并不准确，因为经济周期是市场上不可避免的事实。也许当涉及到第一季度的纯电动车销量时，这可以给您一些安慰，特斯拉超过比亚迪的比例高达29%。就我们所知，比亚迪可能在内部优先考虑混合动力车型，但至少在这一季度，特斯拉在全球范围内拥有了最多的纯电动车销量。

To be clear it's true that Tesla's days of supply will most likely now jump from around 16 to between 25 and 30 but it's also true that most of those cars will be delivered in quarter two and the industry average for days of supply still sits around 60 Tesla would still even after the jump be on the very low side and although Tesla stock held up very well today given the overall market in the next few days we'll most likely see some analysts go back adjust their models and then we'll see what happens then. All year on the channel we've been saying there may be more pain ahead for Tesla prepare for a rough year for Tesla. Here we are this really shouldn't be a surprise. It's not as relevant now but the weekly China data came in for Tesla at 17.3 thousand comparing it to the same weekend quarter for that number was 15.8 thousand. Thus for domestic China sales for quarter one Tesla ended up down 2.5 percent compared to quarter one last year.

可以明确的是，特斯拉的供应天数可能会从大约16天上升到25到30天，但大多数汽车将在第二季度交付。行业平均供应天数仍然约为60天，即使经过这次提高后，特斯拉的供应天数仍然偏低。尽管特斯拉股票在今天表现得非常出色，但考虑到整体市场情况，接下来几天很可能会看到一些分析师回头调整他们的模型，然后我们将看到接下来会发生什么。今年在本频道上，我们一直在说特斯拉可能会面临更多痛苦，为特斯拉准备一个艰难的一年。这并不是一个惊喜。尽管现在这不太相关，但特斯拉在中国的每周数据显示为17.3万辆，与去年同期的15.8万辆相比。因此，中国内地第一季度特斯拉的销售量比去年同期下降了2.5%。

We also got the Tesla China wholesale figure for March which came in at 89,064 so totaling up the wholesale figures for quarter one this year compared to quarter one 2023 Tesla was down 3.7 percent for this year. I saw a few questions out there about Tesla's inventory one of the only trackers that are left is Tesla-info.com I'll have it linked below just know that these numbers are not Tesla's total number of inventory this will just be the number of listings and then remember Tesla may have 5-10 vehicles of that one vehicle listing. Thus in my opinion this should really only be looked at to look at trends of inventory not actual numbers. Look respectfully if you're somebody that thinks Tesla's management should be overthrown because they had one bad quarter I would say do not let your emotions into your investing. In my opinion that's just an absurd take that's really not even worth refuting. As Elon said by stock in several companies that make products and services that you believe in only sell if you think their products and services are trending worse don't panic when the market does this will serve you well in the long term.

我们还得到了3月份中国特斯拉的批发销售数据，达到了89,064辆，所以对比今年第一季度的批发销售数据和2023年第一季度的数据，特斯拉今年下降了3.7%。我看到一些关于特斯拉库存的问题，目前仅剩下的一个跟踪网站是Tesla-info.com，我会在下面放上链接，只要知道这些数字不是特斯拉的总库存数量，这只是挂牌的数量，而特斯拉可能拥有挂牌车辆的5-10辆车。因此，我认为这应该只用来观察库存趋势，而不是准确的数量。如果你是那种认为特斯拉的管理层应该被推翻因为他们有一个糟糕的季度的人，请不要让自己的情绪影响你的投资。在我看来，这只是一个荒谬的观点，根本不值得反驳。正如埃隆所说，买入你相信的公司和服务的股票，只有当你觉得他们的产品和服务趋势不佳时卖出，不要在市场出现波动时惊慌，这对你的长期利益有好处。

This one is just a rumor from Chris saying for now he said Elon's holding a meeting tonight to determine the financial report for quarter one 2027 and sales are caused by a certain quarter in 2021. This weekend we had the end of an era. FSD is now no longer beta will now be calling it supervised. Back in Master Plan Part 2 Elon said once we get to the point where autopilot is about 10 times safer than the US vehicle average the beta label will be removed. I am of the camp that FSD won't materially move Tesla's stock price until Tesla takes more responsibility or can decrease the nag. As impressive as version 12 is for me and I think many people it's not worth 12,000 dollars given the level of supervision required and the frequency of the nags are definitely part of that. And if I can't transfer that FSD to a new car then I'm way more likely to just opt for the subscription. I know a lot of these new users on the trial are sharing glowing reviews of version 12 but that's a different thing than ponying up the money for the software. At least for me with version 12.3.2.1 it's still far too hesitant at stop signs and red lights and I find myself constantly using the accelerator to get it to move and or get up to speed. The auto speed definitely needs adjustment as even after manually accelerating to my desired speed. The second I let off FSD will then slow down to whatever it wants to.

这只是克里斯的谣言，他说埃隆今晚将召开会议，确定2027年第一季度的财务报告，销售额是由2021年某个季度引起的。这个周末我们见证了一个时代的终结。FSD现在不再是测试版，将被称为有监督的版本。埃隆在《主计划第二部分》中曾表示，一旦我们的自动驾驶比美国车辆的平均安全性高出大约10倍，测试版标签就会被移除。我认为，直到特斯拉承担更多责任或减少提醒，FSD不会对特斯拉的股价有实质性影响。尽管对我和许多人来说，版本12令人印象深刻，但鉴于所需的监督水平以及频繁的提醒，12000美元的价格还是有点高。如果我无法将FSD转移到新车上，那么我更有可能选择订阅服务。我知道很多试用者对版本12给予了赞赏，但这与付费购买软件是两回事。至少对于我来说，即使是在版本12.3.2.1中，它在停车标志和红绿灯处仍然显得过于犹豫不决，我发现自己不断地使用油门让它移动或加速。自动速度明显需要调整，因为即使手动加速到我想要的速度，一松油门FSD就会自行放慢车速到想要的速度。

On the bullish side a show said yesterday it is the beginning of the end so naturally everybody started wondering what did he see internally at Tesla presumably when it comes to full self driving progress. Holmarsh shared a positive post talking about ride sharing with FSD and Elon said a lot of work between here and there but it can be done here. Elon most likely talking about solving for true autonomy. Elon also said most people still have no idea how crushingly good Tesla FSD will get. It'll be superhuman to such a degree that it'll seem strange in the future that humans drove cars even while exhausted and drunk. Cars will take you where you want automatically just like getting in an elevator and pressing a button something that also used to be manual.

昨天有一个节目说，这是结束的开始，自然而然地，每个人都开始猜测他在特斯拉内部看到了什么，可能是关于全自动驾驶进展方面的。Holmarsh分享了一篇关于FSD搭车共享的积极帖子，伊隆表示在此之间还有很多工作要做，但在这里是可以实现的。伊隆很可能在谈论解决真正的自主性问题。伊隆还表示，大多数人仍然不知道特斯拉FSD将达到什么样的惊人水平。它将达到超人类的程度，以至于在未来，人们会觉得奇怪，即使筋疲力尽和醉酒，还要亲自开车。车辆会自动带您到想去的地方，就像进入电梯按按钮一样，这也曾是手动操作。

For you Canadians, Rohan Patel said the FSD subscription in Canada will be ready before the 30 day trial ends. When it comes to prioritizing paid FSD customers, Rohan Patel also chimed in saying that there's a group of SNX customers who have a different hardware which is what the Tesla AI team is trying to validate but they did not give any timeline. He said the team was working on it even on Easter Sunday. I'd also put this one in the rumor category but Chris saying also said the next gen platforms of China's two leading 8-ass brands have turned to pure vision may retain a LiDAR transition with greatly weakened performance. They've been watching Tesla closely, now they're going to try to copy Tesla.

加拿大的朋友们，Rohan Patel表示，在30天试用期结束之前，加拿大的FSD订阅将会准备就绪。在优先考虑付费FSD客户方面，Rohan Patel也表示，有一群SNX客户拥有不同的硬件，这正是特斯拉AI团队试图验证的内容，但他们没有给出任何时间表。他说团队甚至在复活节星期日也在努力工作。我认为这也可以归类为谣言，但Chris也表示，中国两家领先的8自动驾驶品牌的下一代平台已经转向纯视觉，可能会保留LiDAR过渡，性能大大削弱。他们一直在密切关注特斯拉，现在他们将尝试模仿特斯拉。

The EPA has released its final ruling that they're calling Phase 3, this one applies to heavy-duty vehicles, aka trucking. It sets stronger standards to reduce greenhouse gas emissions from heavy-duty vehicles beginning in model year 2027. The actual document itself is 1,155 pages but on page 39 you'll find this table. Most importantly they say the standards do not mandate the use of a specific technology and EPA anticipates a compliant fleet under the standards would include a diverse range of motor vehicle technologies.

环保局已发布了他们称之为第三阶段的最终裁决，这适用于重型车辆，也就是货车。该裁决制定了更严格的标准，从2027年车型开始减少重型车辆的温室气体排放。实际文件本身有1,155页，但第39页上有这张表格。最重要的是，他们表示标准并不要求使用特定技术，环保局预计在这些标准下，合规车队将包括各种各样的汽车技术。

This could be outdated but they did say Tesla alone intends to produce 50,000 BEV Class 8 daycabs for model year 2024. In the administration's press release they said heavy-duty vehicles account for 25% of all greenhouse gas emissions from the transportation sector which is itself the single largest source of emissions in the US. This ad tracking company, MediaRadar, is estimating Tesla spent about $6.4 million on digital advertising in 2023. The majority of Tesla's ad spending has gone to YouTube. For comparison GM spent $3.6 billion on advertising in 2023.

这可能已经过时，但他们说特斯拉独自计划在2024年生产5万辆BEV Class 8卡车。在政府的新闻发布中，他们表示重型车辆占美国运输行业所有温室气体排放的25％，这本身就是美国最大的排放来源。这家广告跟踪公司MediaRadar估计，特斯拉在2023年在数字广告上花费约640万美元。特斯拉大部分的广告花费用在了YouTube平台上。相比之下，通用汽车在2023年花费了36亿美元用于广告。

It would be great if Tesla's products sold themselves on their own to the early majority but at this point it's plain as day that given all of the dis and misinformation about Tesla and electric vehicles over the years. Until Tesla rolls out that more affordable platform they have to go on a marketing blitz to try to educate the public and reprogram them to understand the benefits of EVs. On March 29th Tesla said they produced their 6 millionth car. You only have to go back to September 16th last year to when they said they produced their 5 millionth car. That's a gap of 6 months and 14 days to produce 1 million vehicles. Tesla did follow through raising the price of all Model Y trims by $1,000 on April 1st. For 2023 UAW membership was down 3.3% to 370,000 members the lowest mark since 2009.

特斯拉的产品如果能够自行销售给早期多数人将是一件很棒的事情，但目前显而易见的是，多年来关于特斯拉和电动车的种种否定和错误信息太多。在特斯拉推出更实惠的平台之前，他们必须展开一场营销狂潮，试图教育公众并重新培养他们理解电动汽车的好处。3月29日，特斯拉宣布他们生产的第六百万辆车。去年9月16日他们称他们生产了第五百万辆车。这相差了6个月零14天生产100万辆车。特斯拉确实如期在4月1日提高了所有Model Y的价格1000美元。2023年美国汽车工人联合会会员下降了3.3%，至37万名成员，是自2009年以来最低的水平。

But they're still fighting as they plan to file a petition looking to set up an official union vote at a Mercedes plant in Alabama. Tesla has updated the referral program now as the referrer you only get 7500 credits for the Model S X and Y. The energy products are also down to 9,000 credits each. As a buyer it's back to just getting 3 months of FSD for free. The one-year premium connectivity is now gone. Tesla boosted its headcount by 86% last year to 22.8,000 employees at Gigatexas. As the Governor Greg Abbott shared Tesla is now the largest private employer in Austin. They're saying eventually Tesla's lithium refinery in Corpus Christi will employ 162 workers. Rohan Patel shared a long post on X talking about many of the things that Tesla has done for and in Texas.

但他们仍在努力，计划在阿拉巴马州的梅赛德斯工厂提起诉讼，以设立官方工会投票。特斯拉现在已更新推荐计划，推荐人只能获得Model S X和Y车型7500积分。能源产品也降至每款9000积分。作为购买者，现在只能免费获得3个月的全自动驾驶功能。一年的高级连接服务已经取消。特斯拉去年将吉加德拉斯的员工人数增加了86%，达到22.8万人。据得克萨斯州州长格雷格·阿伯特分享，特斯拉现在是奥斯汀最大的私人雇主。他们称特斯拉在科珠克里斯蒂的锂矿加工厂最终将雇佣162名工人。Rohan Patel在X上发表了一篇长文，探讨特斯拉为得克萨斯州做了许多事情。

Much of it is stuff that we've covered on the channel in the past but in case I'll throw it up on the screen and pause and read if you'd like. There was a poll conducted at the end of March this year of about 1600 people and here are those results. Only 46% of adults think EVs are better for the environment. 19% of people actually think gas cars are better for the environment. Only 15% think EVs are safer to operate. 39% said gas cars are safer. And one of the most frustrating things about electric vehicles is the weaponization of them when it comes to politics. You can see the major discrepancy between Republicans and Democrats.

其中很多内容是我们在频道上过去已经讨论过的，但是以防万一，我会把它显示在屏幕上，然后暂停并朗读，如果您愿意的话。今年三月底进行了一项关于大约1600人的调查，以下是调查结果。只有46%的成年人认为电动汽车对环境更有利。19%的人实际上认为汽油车对环境更有利。只有15%的人认为电动汽车更安全。39%的人认为汽油车更安全。关于电动汽车最令人沮丧的一点是在政治方面对其进行武器化。您可以看到共和党人和民主党人之间的巨大分歧。

Mary Barra said many times this was the year that GM's Altium platform would finally scale. Q1 has come and gone and that's definitely not the case. For Q1, GM sold 16.4,000 EVs in the US down from 20,000 in Q1 last year. The only GM EV to show some signs of life in Q1 was the Cadillac Lyric at 5,800 units for the quarter up from 968 Q1 last year. The Blazer EV 600 units for the quarter. Silverado EV 1061 Hummer EV 1600 and the Chevy Bolt which is being phased out is down to 7,000 from 19.7,000 Q1 of last year.

玛丽·巴拉多次表示，今年是通用汽车的Altium平台最终将扩大规模的一年。第一季度已经过去了，情况显然并非如此。在第一季度，通用汽车在美国销售了16.4万辆电动汽车，低于去年第一季度的20,000辆。在第一季度，唯一表现出一些生机的通用汽车电动汽车是凯迪拉克·莱瑞（Cadillac Lyric），本季度的销量为5,800辆，高于去年第一季度的968辆。Blazer EV本季度销售了600辆，Silverado EV销售了1061辆，悍马EV销售了1600辆，正在逐步淘汰的雪佛兰Bolt销量下降至7,000辆，低于去年第一季度的19.7万辆。

James Downma had a chat with Farzod and Hans and I just had to share this one part because there's a lot of people saying that Tesla will never solve level 5 autonomy without upgrading the hardware. But I'm not so sure. Here's a simple explanation of what James was talking about when it comes to hardware 3 for Tesla it's built of CPUs, GPUs and neural net processing units. The latter, the NNPUs are 100 times faster than the GPUs and the GPUs are 100 times faster than the CPUs. With FSD version 11 primarily those 300 plus 1000 lines of C++ code were running on or being processed by the CPUs, effectively the weakest part of hardware 3.

詹姆斯·唐马与法佐德和汉斯进行了一次交谈，我只想分享其中的一部分，因为有很多人认为特斯拉不会在不升级硬件的情况下解决5级自治问题。但我并不确定。这是詹姆斯谈到特斯拉硬件3时的简单解释，它由CPU、GPU和神经网络处理单元构成。后者NNPUs比GPU快100倍，GPU比CPU快100倍。在FSD版本11中，这300多1000行C++代码主要在CPU上运行或被处理，事实上是硬件3中最薄弱的部分。

Now that all of those lines of code are gone and Tesla is video in, that's primarily processed by the NNPUs and the GPUs, the more powerful parts of hardware 3. Simply put, version 12 is now much more optimized for Tesla's hardware 3 and James was saying that hardware 3 is not some old rickety thing that needs replaced. It's actually a lot more powerful than most people give it credit for. James always provides so much great insight so the full video will be linked below if you missed it. On X, Elon did say hardware 4 will ultimately be better than hardware 3 but all training is for hardware 3 right now with hardware 4 running in emulation mode.

现在所有那些代码行都消失了，特斯拉正在采用视频，主要由NNPU和GPU处理，这是硬件3的更强大部分。简单来说，版本12现在更加优化了特斯拉的硬件3，詹姆斯表示硬件3并不是需要被替换的老旧东西。实际上，它比大多数人想象的要更强大。詹姆斯总是提供了很多深刻的见解，如果你错过了完整视频，下面将提供链接。埃隆在X上确实说过硬件4最终会比硬件3更好，但目前所有的训练都针对硬件3，硬件4正在以仿真模式运行。

So hardware 4 hasn't really been called up to the plate officially just yet. For quarter 1, Rivian produced 13.9000 vehicles and delivered 13.6000 in quarter 1 of last year Rivian produced 9.4000 and delivered 7.9000. Rivian's production guidance for 2024 is unchanged at 57000. There was an article talking about how Aurora trucking is planning to have its autonomous trucks without a driver later this year but the article also said this. Driverless passenger vehicles and trucks can ride anywhere in the US unless a state explicitly says they can't. That means companies can test and operate their vehicles across most of the country. 24 states including Texas, Florida, Arizona and Nevada specifically allow driverless operations while another 16 states have no regulations specific to autonomous vehicles.

因此硬件4还没有被官方提及。在第一季度，Rivian生产了13.9000辆车，交付了13.6000辆。去年第一季度，Rivian生产了9.4000辆，交付了7.9000辆。Rivian对2024年的生产指导仍然不变，为57000辆。有一篇文章谈及Aurora货运公司计划在今年晚些时候推出无人驾驶卡车，但文章也指出，无人驾驶乘用车和卡车可以在美国任何地方行驶，除非某个州明确规定不行。这意味着公司可以在全国大部分地区测试和运营他们的车辆。24个州（包括德克萨斯州、佛罗里达州、亚利桑那州和内华达州）明确允许无人驾驶操作，另外16个州没有特定的自动驾驶车辆法规。

The remaining 10 including California, Massachusetts and New York place limits on autonomous vehicles within their borders. The drum beat for the Model 3 Ludacris is picking up Tesla apparently hosted an event in Malibu over the weekend and many big name social media folks were there. There's a chance the Model 3 Ludacris is unveiled this month if not sometime in the next week. The rumor right now is a 0-60 time of 2.9 seconds. I have to admit this car is really speaking to me right now. Across Europe their battery storage deployments for 2023 were over 10 gigawatts which was more than double the 4.5 gigawatts deployed in 2022. More importantly the regulators are becoming more vocal about removing barriers to battery storage.

在加利福尼亚州、马萨诸塞州和纽约等地，还有10个地方对自动驾驶车辆进行限制。特斯拉的Model 3 Ludacris似乎备受关注，据报道，特斯拉周末在马里布举办了一场活动，许多知名社交媒体人物参与其中。如果不是这个月，那么可能在下个星期揭示Model 3 Ludacris。目前的传言是0-60英里加速时间为2.9秒。我必须承认这辆车现在确实吸引了我。在欧洲，到2023年为止，他们的电池储存部署超过了10吉瓦，是2022年部署的4.5吉瓦的两倍以上。更重要的是，监管机构越来越明确表示要消除电池储存的障碍。

Across the EU they're working on this electricity market design reform which is going to create targets for energy storage and these EU nations can then introduce support schemes to get to those targets. This is very different from the current situation where only a handful of states like Spain and Italy have strategies around storage. Tesla said the three largest operational battery storage systems in Europe by capacity are operating with Tesla megapacks and auto-bitter. Monroe Live just popped the top off the Cybertruck battery pack giving us a sneak peek at these 4680 cells in the structural pack. Tesla stock closed the day at $166.63 down 4.9% while the Nasdaq was down 0.95%. It was a higher volume day for Tesla trading about 20 million shares above the average volume the past 30 days.

在欧盟范围内，他们正在致力于对电力市场设计进行改革，这将为能量储存设定目标，然后这些欧盟国家可以引入支持方案以实现这些目标。这与目前仅有西班牙和意大利等少数国家制定储能战略的情况大不相同。特斯拉表示，欧洲容量最大的三个运营中的电池储存系统都使用特斯拉的巨型电池和汽车比特。Monroe Live刚刚揭开了Cybertruck电池包的神秘面纱，让我们一睹这些4680电池在结构包中的模样。特斯拉股票收盘价为166.63美元，下跌4.9％，而纳斯达克指数下跌0.95％。对于特斯拉来说，这是一个交易量较大的交易日，交易量约为过去30天平均交易量的2000万股。

One of two things happened today with Tesla stock. Either the whisper number for Tesla's Q1 deliveries was actually lower than people were expecting and thus a lot of this Q1 miss was already baked into Tesla stock or the analysts are going to take a few days to adjust their models and we see a further selloff in the weeks ahead. Either way we most likely don't get any more clarity until the Q1 call on the 23rd.

今天关于特斯拉股票发生了两种情况之一。要么特斯拉第一季度交付的预期数字实际上低于人们的预期，因此这一季度的落后之处已经反映在特斯拉股票中了，要么分析师们需要几天时间来调整他们的模型，我们可能会看到未来几周出现进一步的抛售。无论哪种情况，我们很可能在23号的第一季度电话会议上才能得到更多的清晰度。

It may be worth reading what Jensen has said about Nvidia when its stock has 80% drawdowns. Hope you guys have a wonderful day. Please like the video if you did. You can find me on X linked below and a huge thank you to all of my Patreon supporters.

也许值得读一下Jensen在Nvidia股票下跌80%时说过的话。希望大家今天过得愉快。如果喜欢这个视频，请点赞。你可以在下方找到我在X上的链接，感谢所有我的Patreon支持者。