So this is the number one reason that I continue to be invested in Tesla stock today is because, but that's what you get with the team at Tesla. That's what you get when you're investing in the company. It's going to be a huge money printer with the software. People think that he's just like a crazy executive and that's totally false. He's an extremely capable engineer from everything that I've heard and experienced. Like how can people not appreciate what he's helped these teams do?
Welcome to Electrified. It's your host, Dylan Loomis. First up today, Clean Energy Canada put out a new report highlighting some of the benefits of the total cost of ownership when it comes to EVs. If you want one data point to keep in mind and share in the future, I would pick this one when considering the full cost of ownership over the course of a decade. A typical EV saves drivers roughly $30,000 or about $3,000 per year. Comparing an ID for to a Honda CRV, they said the average cost of gasoline to match the fuel savings of an EV would need to be $0.43 per gallon on average.
They compared the new Model 3 to a comparable Lexus ES and said the Model 3 total cost of ownership over a decade was $62,500. Compared to the TCO for the Lexus over 10 years at $100,400. Every now and then I like to remind everyone to share the benefits of EVs from a total cost of ownership perspective. It feels like by and large this is something the public still does not understand. Full report linked below. Elon said congrats to the Tesla Drive Train team on producing their 10 millionth drive unit across all factories.
In the video they said every part of the drive unit is designed and built from the ground up. One drive unit is produced every 5 seconds. Drive units today cost less than one half the original Model S drive unit. As a salute to the team, here's a quick refresher on what this division is working on. We have small and highly capable teams and to make a critical decision we can have the battery cell chemists, the mechanical engineers, the manufacturing engineers, the supply chain team, the automation designers, the software programmers, all in one room working together in real time.
And that approach is unlike traditional automotive engineering which is really fractured. And if you were to go buy like a premium German electric car, the engineers who designed the drive inverter in that car, they did not work for that car company. They worked for a contractor. So in addition to the work that we've done in software and hardware, we've also done a lot of work in house on software. So this is the drive unit for Model 3 and Y. And if we take a cross section, we see the stator and the rotor and they're responsible for the core function of the drive unit, which is converting electricity into motion.
And our custom software lets us simulate the rotating magnetic field that is responsible for that conversion. And getting that simulation exactly right, it's central to the cost, the weight, the size, and even the sound of the drive unit. And now you can buy software that will do all of this, but our tools are faster, and they are more accurate, and that was not easy to do. And that allows us to quickly iterate through millions of possible drive unit designs to find the best one. Our powertrain and our powertrain manufacturing equipment is both designed under one roof.
The engineers who are designing the motor, they are in the same room as the engineers who are designing the machine that's going to put that motor together. And that collaboration pushes us from day one to design products that are not only high performance, but are really easy to assemble. All of this expertise that we have in the powertrain team and hardware and software in manufacturing, it's going to have a major impact on our next platform. We've reduced the driving it costs to about $1,000, and we don't think any other automaker is even close to that number.
It's tough to contextualize this milestone, but knowing that these teams started from ground zero, and we're at one point trying to build a couple units per day to hitting 10 million cumulative is pretty awesome. Certainly some unsung heroes at these departments that don't get a lot of limelight, but play a huge role in Tesla hitting all of their efficiency metrics that we've come to know and love. A Reddit user leaked two photos of what we believe to be the Model Y Juniper refresh, which is supposedly coming sometime in 2025. There's at least a non zero percent chance this could be a different next gen vehicle.
很难全面理解这一里程碑的意义,但要知道这些团队从零开始,他们曾经每天只能生产几个单元,而现在累计生产量已达到一千万,这确实非常了不起。我们必须认识到,有一些部门的无名英雄,他们默默无闻,但在特斯拉达到所有我们熟知并喜爱的效率指标方面发挥了巨大的作用。一位Reddit用户泄露了两张据称是Model Y Juniper改款的照片,据说这款车将在2025年某个时候发布。当然,也有可能这些照片展示的是另一款下一代车型。
But from what I see here, I would say it looks like the Model Y, however, going with this light bar on the rear that would be a differentiation from the Highland Model three. This is the only other image we get. You can see the interior ambient lighting. And if you look closely at the seat, it does look like it has ventilated seats. Everything else from the dash to the armrest looks pretty familiar, including some of this micro suede material. I believe this is technically Alcantara. And I do think there are differences between that and suede, but they do get used interchangeably, even if by mistake, perhaps there will be some significant distinctions for the Juniper refresh compared to the new Model three.
但是从我这里看到的来看,我会说这看起来像是Model Y,不过后面的这个灯带是与Highland Model 3的一个区别。这是我们能看到的唯一另一张图片。你可以看到内部的环境照明。而且如果你仔细看座椅,它看起来像是有通风座椅。从仪表盘到扶手,一切看起来都很熟悉,包括一些微绒面材料。我相信这在技术上叫Alcantara。我确实认为Alcantara和普通麂皮之间有差异,但即使是误用,它们也经常被互换使用。也许相比于新款Model 3,Juniper改款会有一些显著的不同。
We bought our Model Y February of this year, but the plan all along has been to trade that in whenever the Model Y refresh is here and has AI five confirmed. We wanted to ride with hardware for roughly two years or so and Elon did just confirm that AI five is around 18 months away from high volume production. After a slight translation to Elon time, personally, I'm expecting AI five in the Model Y refresh to be here by the first half of 2026. Just so nobody is confused, I think the Model Y refresh does come in 2025, but initially it'll still be with hardware four.
I really was eager to get some confirmation that the Model Y refresh was not going to get lost in all of the chatter around the next gen platform and autonomy. And for me, for now, this does provide that encouragement Dominic on X who has done some great render work did go ahead and put this together sharing what the Model Y refresh could look like from the rear with Elon's compensation plan set to see some action this Friday. We have a law school professor saying that now that Elon has the votes to ratify the grant, it will be much harder for the chancellor to say these shareholders were wrong. But I wanted to highlight what Charles Elson said who also filed a separate brief opposing Elon's award.
You know, the same guy that called Tesla's Revolt a gimmick and a public relations victory only. He said the judge properly called the award illegal even if Elon's supporters later approved because the company was unable to point to comparably huge awards by other companies ever. Translation, Elon's compensation should be illegal just because no one has made that much before seems like a pretty limited framework as we're on the precipice of our AI future. The battle rages on. Hopefully we get an update soon, but no matter how Judge McCormick rules this time around, it's likely to go to the Delaware Supreme Court, which could unfortunately take another six to 12 months.
Uber put out a new press release saying that they've partnered with BYD to bring 100,000 BYD EVs onto the Uber platform across global markets. It'll start first in Europe and Latin America. The partnership is expected to offer drivers access to best in class pricing and financing for BYD cars on the platform. And this partnership will expand to include markets across the Middle East, Canada, Australia, and New Zealand. The companies aim to bring down the TCO of EV ownership for Uber drivers, accelerating the uptake of EVs on the Uber platform. While Uber drivers are going electric five times faster than private car owners, driver surveys show the price of EVs and availability of financing remain the key barriers to switching. An important, quick aside, don't forget what Jim Farley said earlier this year.
EV adoption on Pro is actually going much better than we thought. They use the vehicles more intensely, so the operating costs on the energy side are much better than they thought. We can't make enough e-transits. Just another thought to keep in mind when people in your circle say, oh yeah, EV demand is slow. Don't forget you can bring up the commercial side with those talking points and also all of the police fleets. Last mile delivery, I think that all sets the stage for what the Tesla Semi will do because it really does just boil down to the unit economics. It's much less personal or political on the commercial side.
Back to Uber and BYD, the joint effort may also include discounts on charging, vehicle maintenance, or insurance, as well as those financing and lease offers. They also plan to collaborate on future BYD autonomous capable vehicles to be deployed on the Uber platform. Uber is well positioned to bring autonomous vehicle tech to a global audience at scale. Something to keep in mind when Tesla's time comes. They said many riders also tell us their first experience with an EV is on an Uber trip. I would expect Uber to continually do as much hedging as possible when it comes to finding an autonomous solution so that their model is not totally blown up when Tesla's robotaxi arrives.
But a BYD spokesperson said April of last year that fully autonomous driving is basically impossible and that the technology would be better applied to manufacturing. And to that, Elon said BYD needs to change course fast or there in trouble. The press released did not say which BYD models but some promotional materials showed the Seals sedan and SUV and the Ado3 SUV. Some people are reporting like this is going to be 100,000 BYD vehicles just instantly injected into the Uber fleet. But let's not forget they actually need drivers to buy these vehicles taking advantage of these better financing rates and deals. This one will play out over multiple years but given some of these regions we know that tariffs on Chinese made EVs are very popular right now so it'll be interesting to see what the adoption rate looks like for some of these Uber drivers when it comes to actually wanting to own and drive a BYD vehicle.
Remember this comes just more than one month after BYD announced plans to invest $13.8 billion in areas related to autonomous driving. This is a big differentiator for Tesla and BYD as many of BYD's EVs sold so far are not equipped with advanced driver assistance functions. And the word is that BYD has between 4 and 5,000 engineers specializing in autonomous driving. We don't have an exact number for Tesla but over the past few years the number of engineers working on autopilot or FSD has always been below 1000. Two years ago BYD announced a partnership with an autonomous vehicle company NURL that actually operates out of California to begin producing their third generation electric autonomous delivery vehicle.
This partnership was going to be BYD making these delivery vehicles and then NURL would apply the autonomous driving tech after the fact. Since then all we've heard is that NURL's current fleet of vehicles operating in California and Texas has traveled over 1 million miles autonomously and that NURL's electric motors and batteries are developed by BYD. NURL is also building facility in Nevada where it'll make its next gen vehicles. But on the passenger side for BYD we learned earlier this year that NVIDIA's next gen chips will enable increased levels of autonomous driving and other digital functions for BYD vehicles. Specifically drive Thor that's supposed to go into BYD vehicles next year.
All of that to say based on all of the available public information and what Elon has now said publicly it sounds like BYD has very little in terms of internal IP when it comes to autonomy. AKA they don't sound like a real threat when it comes to generalized autonomy anytime in the next few years. In the Chinese market for June plug-in vehicles hit 49.9% market share while full BEVs were at 28% of sales and year to date 43% of sales are plug-in and 25% are full BEV. In June of last year the plug-in share was 35% and 24% was full BEV. Plug-in hybrids are growing faster but hopefully in a few years some of the legacy OEM step-up and America can start doing numbers like this. Tesla released some new images of the Tesla semi so if you're interested I'll have the link to the full Tesla gallery below. We're still about 18 months away from some higher volume production at the new Tesla semi factory but I think we'll have some pleasant surprises along the way.
Ford's Blue Cruise is now available in 15 European countries making 17 total including the US and Canada. Customers can now go hands-free across 82,700 miles of highways across Europe. I won't read all of the markets this tech is now available in it's on the screen if you're interested but just a few. Germany, France, Great Britain, Italy, and Sweden. There are currently more than 420,000 Blue Cruise equipped Ford and Lincoln vehicles on the road globally. Blue Cruise activation for Ford customers cost $2,100 for three years at time of order or vehicle purchase. But if you don't do it upfront you can get it for $800 per year or a monthly plan of $75. Farley did say that Blue Cruise profit margins are 70%.
A senior 4680 engineer at Tesla posted this picture officially announcing the dry cathode Cybertruck which I think is a good opportunity to quickly remind everyone of the benefits because I've seen many questions in the comments here and on Twitter about what this means for Tesla. Remember they still have to scale this new technology but right now things are very promising. But if you do scale it up yeah what what you saw before becomes this. Here's a better view. Here's what the wet process looks like and all of the serious iron that Tesla is going to be able to remove when they scale this up. These little representations right here to the left of this equipment these are humans to give you a size of the scale of all of this equipment. Step one they mix the powder with water and other solvents then they coat the foils then there's a solvent recovery then they dry the electrodes through these giant ovens and then there's a compression phase. So all of that what you just saw is removed and we're left with this for the dry electrode process and in this case for the cathode. And when you're looking at this you're like wow that's a lot of equipment for one step. This is serious serious iron involved in making batteries. Wouldn't it be great if we could skip that solvent step which is one of those dig a ditch and then fill it kind of things where you put the solvent in and then take it out and recycle it and just go straight to dry mix to coat. And that's what the dry process really is about. Hopefully it's clear this is a very big deal much less in terms of CapEx. It should lead to much faster manufacturing and it's likely to open the door for other energy density improvements in the future as well.
That was a pre-production lucid gravity from Arizona. The UAW has officially decided to endorse Kamala Harris for president. Just when everyone could exhale that the Elon and Zuckerberg fight looked very unlikely. Well now the president of Venezuela and Elon have apparently agreed to a fight on national TV. On X Elon said I accept but he also said that he will chicken out. You'd have to think if something like this were to actually ever happen that there would be some ground rules and some safety precautions taken but accidents happen and Elon does already have pre-existing injuries. If you're interested in the new Audi A6 that will be available in Europe later this year and in the United States supposedly in the first half of next year Kyle Connor from out of spec just put out a good video. The Avant styling the one that looks a bit more elongated in the back will only be for the European market but the sport back for the US market could be high 300s when it comes to EPA range so one to keep an eye on for next year.
那是一辆来自亚利桑那的预生产版Lucid Gravity。美国汽车工人联合会(UAW)已经正式决定支持卡玛拉·哈里斯竞选总统。就在大家松一口气,以为埃隆·马斯克和扎克伯格的打斗很不可能发生时,现在传出委内瑞拉总统和埃隆似乎已经同意在全国电视上进行一场打斗。埃隆在社交媒体X上说他接受挑战,但也表示自己可能会临阵退缩。你得想象如果这真要发生的话,一定会有一些基本规则和安全措施,不过意外难免,而且埃隆本身就有一些旧伤。
如果你对新款奥迪A6感兴趣,这款车型将在今年晚些时候在欧洲上市,而据说在明年上半年将在美国上市。Out of Spec的Kyle Connor刚刚发布了一个不错的视频。后部看起来更修长的Avant款式只会在欧洲市场销售,但美国市场的Sportback款式在EPA续航上可能达到300英里以上,所以明年值得关注。
The Fed did hold rates steady today but they indicated inflation is getting closer to its target but they said more progress is needed before rate reductions can happen. That chatter aside though the Fed watch tool now has an 87.5% chance we get a 25 basis point cut at the September meeting which is 2.5% lower than it was just one week ago but that's because we now have a 12.5% chance that we get a 50 basis point cut which was up 2.8% from one week ago. Tesla stock closed the day at $232.07 up 4.24% while the NASDAQ was up 2.64% but how about Nvidia today up 12.8% which means today it added back $329 billion in value and before this move from the Nvidia highs it had erased $1 trillion in market cap since that high just one month ago so a trillion dollar fluctuation for Nvidia something to look forward to in Tesla's future. If you're a fan of cinematography and the Cybertruck I'd highly encourage this video from the Cybertruck guy I'll have it linked below I think it was a masterpiece. As someone who still does everything on his own I've never farmed out anything I don't have an editor I really respect the amount of work it takes to make videos like this and there are reasons I haven't hired anybody but we'll save that for a video in the future. 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.