Tesla Bull Cuts TSLA Price Target, Ford Gives Advice Based on Early 1900’s, Factory Updates
发布时间 2023-05-02 02:02:56 来源
Hey everybody, Rob Malware here. Welcome back to Tesla Daily. Today we are going to be talking about an updated note on Tesla from Alex Potter of Piper Sandler. We've also got some comments from Ford CEO on Tesla and their product lineup management. We've got some new Cybertruck photos and quite a few other stories as well. Quickly looking at the stock, Tesla today down 1.5% to close at $161.83, while the NAS deck was down 1.10% on the day. Looking at the week ahead, of course, the big item will be the FOMC meeting on Wednesday, two hours before market closed, we will get the FOMC statement and interest rate decision, and then 30 minutes later is Fed Chair Jerome Powell's press conference, which may have even more influence on how things unfold after the meeting.
大家好，我是Rob Malware。欢迎收听《特斯拉日报》。今天我们将讨论Piper Sandler的Alex Potter针对特斯拉的最新研究报告，以及福特CEO就特斯拉和他们的产品线管理发表的一些评论。我们还会分享一些新的Cybertruck照片以及其他许多故事。快速看看股票市场，特斯拉今天下跌1.5%，收于161.83美元，而纳斯达克则下跌了1.10%。展望未来一周，当然最重要的事情就是周三的FOMC会议。在收盘前两个小时，我们将得到FOMC声明和利率决定，30分钟后是Fed主席Jerome Powell的新闻发布会，这可能对会后事情的发展产生更大的影响。
Alright, we'll start off with an updated note from Alex Potter of Piper Sandler. This note was published about an hour after market close today. And Alex Potter has reduced his price target on Tesla, but is maintaining an overweight rating on the stock. The title of the note reads, margin negativity is hard to ignore, but IRA tailwind could surprise in second half 2023. Quote, we are adjusting our forecast and reducing our discounted cash flow-based price target to $280 down from $300 previously to reflect information extracted from the 10K.
好的，我们先来看看Piper Sandler的Alex Potter更新的一条通知。这条通知在今天的收盘一个小时后发布。虽然Alex Potter将特斯拉的目标价格下调了，但仍然维持对该股票的超重评级。 通知的标题为“利润率的负面影响难以忽视，但2023年下半年IRA的追随会给你惊喜”。引用一句话：“我们根据从10K抽取的信息进行了调整，将基于折现现金流的目标价格从之前的300美元降至280美元。”
Most investors will be unsurprised to learn that our 2023-2025 estimates are moving lower to reflect price cuts and a coincident impact on margins. Since the Q1 call investors have fredded about Tesla's willingness to trade price for volume, and while we share management's view that margins will eventually rise due to software, this won't occur quickly enough to offset the near-term impact of lower prices, higher warranty costs, and slower inventory turnover.
大多数投资者不会感到意外地了解到我们的2023-2025年估计将会下降，以反映价格下降以及对边际影响的同时影响。自第一季度电话会议以来，投资者一直担心特斯拉愿意为了增加销量而降价，虽然我们分享管理层的观点，即由于软件的缘故，利润率最终会增加，但这不会迅速地弥补价格下降、更高的保修成本和存货周转减缓的近期影响。
On the bright side, we think global ASP could fall by about $125 per unit every quarter, for the next two years, without impacting margins due to production credits under the inflation reduction act or IRA. So basically, what Potter is saying here is that therefore, forecast for Tesla's share of battery manufacturing credits from the inflation reduction act, scale alongside Tesla's production growth to allow Tesla to drop average selling prices by $125 a quarter, or $500 a year, without impacting Tesla's margin rate. So, that impact is important to consider, but at the same time, I don't think that's going to swage any broader concerns around Tesla's prices or margins, and the related demand, because so far, the price cuts that we have seen from Tesla haven't been $125 a quarter, they've been significantly greater.
乐观的是，我们认为在未来两年里，全球ASP每个季度可能会下降约125美元/单位，但不会影响毛利润，这是由于通胀减缓法案或IRA下的生产信用。因此，波特在此处的意思是，预测特斯拉从通胀减缓法案获得电池制造信用的份额，随着特斯拉的生产增长而扩大，使特斯拉能够每个季度降低平均销售价格125美元，或每年降低500美元，而不影响特斯拉的毛利率。因此，这种影响值得考虑，但同时，我不认为这会缓解人们对特斯拉的价格或利润率以及相关需求的担忧，因为迄今为止，我们看到的特斯拉的价格削减远远超过了每季度125美元。
Now, obviously, in general, those price cuts are coming off of a higher base where, in some locations, Tesla was really trying to not generate orders, and work through backlogs, but in terms of the sentiment out there, the fears of ongoing price cuts are a lot more than $500 per year. Anyway, in terms of that price target from Piper Sandler being lowered, that's just the results of the output of their model where they have changed assumptions, saying quote, our lower price target is due mainly to higher cap X and estimate cuts in 2023 to 2025.
显然，通常来说，这些价格下调是从一个较高的基础上进行的，在一些地方，特斯拉真的想避免产生订单并处理积压订单。但就目前的情绪而言，人们对持续的价格削减的担忧比每年降低500美元还要多得多。无论如何，就Piper Sandler降低的价格目标而言，那只是由他们的模型输出的结果，他们改变了假设，称：我们低的价格目标主要是由于2023年至2025年资本开支和估计的削减增加所致。
Potter also says that with prices and margins falling, we think the valuation could languish for a few months. So, a similar line of thought there to what we had talked about immediately following the earnings call, it just seems like for this period of time. It seems a little bit more difficult to point to things that might provide upside, compared to things that might provide some downside for more rent, but the counterbalance to that is that if everyone thinks that, like the Morgan Stanley survey seemed to suggest, was the majority point of view, then hopefully that's already largely reflected in the share price.
波特尔也表示，随着价格和利润率下降，我们认为估值可能会在几个月内持续低迷。因此，我们的思路与财报电话会议后我们曾谈论的相似，只是在这段时间里，似乎更难找到可能带来上涨的因素，相比可能会导致租金下降的因素。但这一对冲的权衡是，如果像摩根士丹利调查似乎表明的大多数观点，每个人都认为这样，那么希望这已经在股价中基本上得到了充分体现。
Alright, moving on from that note, we've got some interesting comments from Ford's CEO Jim Farley on a Tesla strategy relating to price cuts, and in general how they have operated their business and communicated their plans going forward in terms of their product lineup. So, first off, Farley reportedly commented to media that Tesla's strategy of cutting prices was nothing new, and was simply a page out of the Model T playbook from Ford's early days, which Elon has referenced plenty of times in the past, so nothing too surprising there, but Farley said go and read 1913, which obviously discusses that period of time and says, this has all happened before.
好的，接下来我们从那个笔记中转移注意力，我们得到了福特CEO吉姆·法利关于特斯拉战略的一些有趣评论，与价格削减有关，以及他们在产品阵容方面如何经营业务和沟通计划。
首先，据报道，法利向媒体评论说特斯拉削减价格的策略并不新鲜，只是福特早期时期T型车的策略，这已经被埃隆过去多次引用，因此没有什么太意外的，但法利说去读一读1913年的记录，这个时期已经亦步亦趋了。
Quote, what I think he's going to learn is product freshness means a lot, the product gets commoditized, and then he loses your pricing premium, that's a really dangerous thing, end quote. And he referenced Chevy overtaking Ford's sales leadership position in the United States, which happened in the mid-late 1920s.
“我认为他将会学到的是产品新鲜度非常重要，产品市场化后，他失去了定价的溢价，这是非常危险的事情。”他提到了雪佛兰在20世纪20年代后期超过福特在美国销售领导地位的情况。
So, it's interesting insight and feedback from Farley, which by the way is kind of humorous because he had just talked about how Ford needs to simplify their model lineup, so there's obviously a happy medium somewhere in between, but I think if you lean too heavily into an example like this from the past, you really miss thinking about things from a first principal's perspective, and I think that's where Elon comes from, with his belief that autonomous driving is going to happen and is going to happen relatively soon.
所以，Farley的观点和反馈很有趣，而且有点幽默，因为他刚刚谈论过福特需要简化他们的车型阵容，所以显然有一个幸福的平衡点，但我认为，如果你太过于倚重过去的例子，你会错过从第一原则角度思考问题的思考方式，而我认为，这正是埃隆的想法，他相信自动驾驶将会发生，并且将会相对很快地发生。
Under that circumstance, there is then no 10 or 15-year period where competition can catch up by fulfilling that desire for product freshness as Farley puts it. So it seems pretty reasonable, but only if you're excluding the disruptive force that is and will be autonomous driving, which Ford has really thrown the towel in on working on, they said that they're focused on giving time-backed drivers through level three type of systems rather than something like full autonomy.
在这种情况下，按照法利所说，就没有10或15年的时间，竞争对手能够通过满足产品新鲜度的需求来赶上。这似乎是相当合理的，但只有当你排除了自动驾驶这样的破坏性力量时，才会是这样。而福特已经表示，他们放弃了研发全自动驾驶技术，而是专注于提供基于三级系统的驾驶员托管服务。
So it's a massive part of the equation that is missing from these comments, and while I do think that Farley believes these things to an extent, I think the comments are also meant to try to put pressure on Tesla to stop that strategy, and also probably the main intention here is to reassure Ford shareholders that Ford doesn't necessarily have to compete on price because hey look, Chevy was able to fight back 100 years ago.
这些评论中缺失了很重要的一部分内容，这是一个重要的因素。虽然我认为Farley在某种程度上相信这些想法，但我认为这些评论也是为了试图向特斯拉施加压力，让其停止这种策略。而且这里的主要意图可能是让福特的股东放心，因为他们不一定需要在价格上竞争，因为看，100年前雪佛兰就能反击成功了。
I think it also goes without saying that simplifying that two decade period of time down to this sort of one decision tree is probably a massive oversimplification of all of the dynamics at play at that time.
我认为不言而喻的是，将那个长达二十年的时间简化为这样一个决策树可能会大大简单化当时存在的所有动态。
Anyway, moving on from that, but perhaps keeping in mind the product freshness comments, we do have some new photos here of the Cybertruck testing at Fremont from Tesla Tech Bro on Twitter. I'm not seeing anything new from these photos that we haven't already talked about, but always interesting to see even if there aren't any updates, as sometimes that can be telling in and of itself.
无论如何，我们跳过那个话题，但或许需要谨记关于产品新鲜度的评论，我们在特斯拉科技哥Twitter上有一些新的照片展示了Cybertruck在弗里蒙特进行的测试。我并没有看到任何新的内容，这些我们之前没有讨论过，但即使没有更新，看到这些照片也是很有趣的，因为它本身也可以说明问题。
Somewhat related to the Cybertruck kind of interesting here, this weekend Stellantis did close out a design contest for students in grade 10 through 12 to sketch out a design contest for a next generation Ram EV truck. So Stellantis named the top three finishers, and I think it's very interesting to see how these concepts look given this demographic.
有点类似于赛博卡车，这周末Stellantis关闭了一个面向10到12年级学生的设计竞赛，要求他们描绘下一代Ram EV卡车的设计方案。因此，Stellantis命名了前三名获胜者，我认为看看这些概念在这个年龄组中的外观是非常有趣的。
There certainly seem to be a lot of design elements, especially with the winner and the third place version that draw from the Cybertruck, very angular, very polygonal sort of cyberpunk vibes, which is interesting to see these young designers lean in that direction and probably the influence that Tesla has had on them, and then also interesting that Stellantis themselves would actually pick these as the winners. It's obviously extremely early, but I think the Cybertruck is already having an effect on how people think about trucks in general.
很明显，设计元素很多，尤其是冠军和第三名版本从塞伯特拉克吸取了很多角度、多边形等赛博朋克风格的设计元素，这很有趣的是看到这些年轻的设计师倾向于这个方向，这很可能是特斯拉对他们的影响，而且还很有趣的是Stellantis公司自己实际上会选择这些作为获胜者。虽然显然还很早，但我认为，塞伯特拉克已经对人们对卡车的想法产生了影响。
Kind of cool to see. All right, next we've got some regional updates. Drive Tesla Canada is reporting that Tesla is starting to export rear-wheel drive Model 3s from Shanghai to Canada. Of course, we had previously talked about the newly introduced rear-wheel drive Model Y, also shipping to Canada from Shanghai, and it looks like they will be accompanied by Model 3.
看到这个消息有点酷。好的，接下来我们有一些地区更新。Drive Tesla Canada 报导说 Tesla 开始将从上海向加拿大出口后驱 Model 3。当然，我们之前已经提到过新推出的后驱 Model Y 也会从上海运往加拿大，看起来它们将与 Model 3 一同出口。
So maybe Tesla just taking the advantage of the fact that they've got to make some shipments might as well throw some Model 3s on there as well, and just like we talked about for the Model Y, this will have an impact on the allocation strategy for Model 3 from Fremont. And of course, for the Model 3, I think influencing all of these decisions, even if we are still a ways out from it, would be Project Thailand and how Tesla wants to manage that in downtime, etc.
或许特斯拉只是利用他们必须做一些发货的机会，顺便也把一些Model 3一起放上去。就像我们之前为了Model Y所讨论的一样，这将影响弗里蒙特Model 3的分配策略。当然，对于Model 3，即使我们还有一段时间，我认为影响所有这些决策的是泰国项目以及特斯拉希望如何在闲置时间管理它的方式。
Next, we had talked last week about how Tesla had stopped taking orders for the Model S and X in Australia, obviously a right-hand drive country. That lack of ordering capability is also extended to New Zealand, Thailand, and Singapore. As of right now, can still order in the UK, so Tesla seemingly is still intending to make some right-hand drive versions, but for whatever reason, doesn't seem to have imminent plans for a right-hand drive shipment to Asia Pacific.
接下来， 我们上周曾谈到过特斯拉停止在澳大利亚接受Model S和X的订单，因为澳大利亚属于右驾驶国家。这种订单停止的情况也展延到了新西兰、泰国和新加坡。目前仍可以在英国下单，所以特斯拉似乎仍有意制造一些右驾版本，但由于某种原因，似乎没有在亚太地区近期计划发运右驾车型。
And then a quick update over in Europe and Germany, I think this has been the case for a little bit, but Tesla is offering a low financing rate just under 2% for the Model Y in Germany. So obviously that can keep payments a little bit lower, it looks like this is being done in collaboration with Santander Consumer Bank.
接下来是欧洲和德国的最新消息。我认为这已经发生了一段时间，但特斯拉为德国的Model Y提供了低于2%的低利率贷款。显然，这可以降低付款额度，看起来这是与桑坦德消费者银行合作实现的。
So perhaps Tesla getting a little bit of a discounted rate from them, and then perhaps passing even a little bit more on to customers where Tesla might be taking that hit. Tesla says this will be available through June 30th, so just the second quarter, and looking at that now, yet looks like this did start on April 14th.
也许特斯拉从供应商处得到了一点折扣，然后可能再将更多的折扣传递给消费者，这样特斯拉可能会受到一些损失。特斯拉表示，该优惠将在6月30日之前提供，也就是第二季度，现在看来，这似乎从4月14日开始了。
Next, a couple of quick factory updates. There's been some discussion on Twitter about how Shanghai is expected to shut down for Chinese Liberty Holiday, which I believe this year runs from April 29th through May 3rd. I haven't verified Tesla's plans on this, but I think the concern is that if Tesla allows these days off, that would be different than the precedent they have set historically for this time period.
接下来，是几个有关工厂的更新。最近有些人在推特上讨论，上海的工厂有可能因为中国劳动节而关闭，我相信今年的劳动节时间是从4月29日到5月3日。我还没有证实特斯拉在这方面的计划，但是我认为人们担心的是，如果特斯拉允许休假的话，那么这就与他们在过去这个时间段所设立的先例不同了。
But I don't think that's a good way of looking at things because there have been COVID impacts both of the last two years and the first half of the year. So the work calendar for those years is a terrible benchmark for how things are now. And in terms of whether or not this suggests there is a demand concern, I think it's extremely obvious to everyone that Tesla is less supply constrained than they have been before.
但我认为以这种方式看待事情并不是一个好的方式，因为去年和前半年都受到了COVID-19的影响。因此，这些年份的工作日历是一个糟糕的基准来衡量现在的情况。至于是否暗示了需求问题，我认为显而易见的是，特斯拉现在的供应压力比以前要小了。
So of course, it makes a lot more sense under those circumstances to provide that time off, especially if it wasn't given previously. So if this time off was given, I don't view that as Tesla saying, hey, we have to pause production because of demand. I would take it more as, hey, production is now in a really good spot. We don't need to necessarily pay these workers triple over time or whatever the costs are, while also taking a potential hit on morale and having workers miss the holiday.
在这种情况下，提供假期是非常合理的选择，特别是如果先前没有提供过。因此，如果给予了这段时间的休息，我不认为这是特斯拉因为需求而停止生产。我认为更多的是，生产现在处于非常良好的状态。我们不需要支付工人三倍加班费或者其他成本，同时还可能影响士气，让工人错过假期。
Now, to be extremely clear, all of that being said does not necessarily mean that demand is not lagging behind production and that further adjustments to pricing or production might be needed. I think we've talked about that being my expectation now plenty of times, but I just think it's a mistake to look at that and say that this certainly means that Tesla is only doing this because of demand.
现在，非常明确地说，这并不意味着需求没有落后于生产，进一步调整定价或生产可能仍然需要。我想我们已经多次谈到这是我的期望了，但我认为把这解读为特斯拉只是因为需求才做出这些调整的观点是错误的。
Next over to Fremont, Tesla Rodies got some news on some updates that Tesla has been working on for the Fremont factory. Over the last few months, Tesla has had a number of these applications, most recently as of April 28th, Tesla has applied to complete the installation of new equipment, which they are labeling as tooling package and they say the new manufacturing equipment is adjacent to existing equipment on the second floor of the assembly building.
接下来转到弗里蒙特，特斯拉Rodies发布了一些消息，关于特斯拉一直在为弗里蒙特工厂进行的更新工作。在过去的几个月中，特斯拉已经提交了许多申请，最近一次是在4月28日，特斯拉申请完成安装新设备，他们称之为工装包，并表示新制造设备位于组装楼二楼旁边的现有设备处。
So I don't know much beyond that, but I think most importantly, evidence that Tesla is continuing to work on and refine Fremont and use that pretty constrained space as best they can.
我了解的不多，但我认为最重要的是，特斯拉继续努力完善弗里蒙特工厂，并最大限度地利用这个相当受限的空间。
Next, a couple of autopilot-related updates first relating to the boring company, Komoko, on Reddit, has discovered an application from the boring company to allow the Tesla vehicles that they are using to enable automatic emergency braking, lane departure warnings, and forward collision warnings in those vehicles, which it's kind of hard to believe that they don't allow those things already.
接下来，首先是关于自动驾驶的一些更新，与无聊公司有关。Reddit上的Komoko发现，无聊公司正在申请一项允许他们使用的特斯拉车辆启用自动紧急制动、偏离车道警告和前向碰撞警告的应用程序。很难相信，这些功能竟然还没有被允许。
We've actually talked about this a long time ago, but for whatever reason, they don't allow any of the autopilot feature set to be used by these cars. Obviously, that seems like a huge miss, so hopefully this permit is granted, and then even more importantly, hopefully this is a stepping stone towards allowing autopilots and FSD to be used in these tunnels. Even with the driver in the vehicle, that is not currently allowed, which again, seems like a huge miss. This is probably the easiest place for full autonomy to be deployed, so even beginning to test that out would be a really nice step forward.
我们其实在很长时间以前就谈论过这个问题，但由于某些原因，这些汽车不允许使用任何自动驾驶功能。显然，这似乎是一个很大的错误，希望能够获得许可，更重要的是，希望这是允许在这些隧道中使用自动驾驶和全自动驾驶的一个基石。即使在车内有司机的情况下，目前也不允许这样做，这也似乎是一个很大的错失。这可能是全自主驾驶部署最容易的地方，所以即使开始测试也将是一个真正的进步。
The other update is a quick one on FSD Beta Elon replied to a home-arrest wheat about some of that crew's accident data that we talked about on Friday, just simply saying that 11.4.1 is promising. So it looks like they're now into the second iteration of 11.4, which Elon had previously said was working extremely well for him. We've yet to hear any updates on when that might expand beyond employees. It seems like that was already relatively widely distributed for employees, so hopefully not too much longer now that they're on to 11.4.1.
另一个更新是关于FSD Beta的一条简短的消息。Elon回复了一个受到限制的用户关于上周五我们谈到的一些车祸数据的问题，并简单地表示11.4.1非常有前途。因此，现在看来他们已经进入11.4的第二个迭代，Elon之前已经表示对他来说效果非常好。我们还没有听到关于何时扩展到员工之外的任何更新。似乎这已经相对广泛地分发给员工了，所以希望不久之后他们会开始使用11.4.1。
All right, last few items for today, Elon Musk did reach a settlement agreement in a defamation lawsuit by Randy Puffy on Twitter, known as Skabushka. Those of you that followed Tesselbacken, you know, 2018-2019, perhaps familiar with this? This account was pretty popular in the Tesselcube community.
好的，今天我们最后几个事项，伊隆·马斯克（Elon Musk）在推特上被称为Skabushka的Randy Puffy的诽谤诉讼已经达成了和解协议。那些关注Tesselbacken的人，可能对2018-2019年的情况比较熟悉吧？这个账号在Tesselcube社区颇受欢迎。
They would often try to find information out at Fremont and had at least a couple of run-ins with Tessel you can go and read about that if you want. Don't waste the time covering that today, but the defamation suit related to Elon having said in an email that after Tessel's security had asked Hathi to leave that while he was doing so, he almost killed a Tesselcurity guard with his car.
他们经常试图在弗里蒙特找到信息，并且与 Tessel 有过至少几次冲突，如果你想了解，可以去看看。今天不要浪费时间去涉及那个，但是诽谤诉讼与 Elon 曾在电子邮件中说过的相关，他说在 Tessel 的保安要求 Hathi 离开后，当他这样做时，他差点用车撞死了一名 Tesselcurity 保安。
So the defamation suit was that there was no basis in fact for that accusation, so this was like three years ago, it's now been settled for $10,000, I'm sure that was totally worth the time for everybody involved. So it's really a non-story, but the interesting part about this is that of course a lot of different outlets are reporting this and saying that, oh, it shows that Elon is admitting guilt because he did the settlement agreement when last year Elon tweeted about Tessel saying, quote, we will never seek victory and adjust case against us even if we will probably win. We will never surrender slash settle an unjust case against us even if we will probably lose.
那么，这起诽谤诉讼的基础是这种指控没有真实事实支撑，这大约是三年前的事情，现在已经和解了10,000美元，我相信对所有涉及者来说这绝对是值得花费时间的事情。因此，这实际上并不是一个重大的新闻，但有趣的是，许多不同的媒体都报道了这个事件，并声称这表明埃隆承认了罪行，因为去年埃隆在推特上发表了关于Tessel的言论：“即使我们可能会赢，我们永远不会寻求胜利或解决不正当的案件。”
So the LA Times had line reads that quote, Musk said he'd never settle an unjust legal case against him, he just settled this one. End quote, which is just blatantly false, electric reported it in a very similar way, and despite them both including the exact language that Elon had used which is very clearly talking about Tessela, not himself, they decided to just completely ignore that, or they have terrible reading comprehension which at least used to be an important skill for what we used to call journalists, but I guess all that stuff is out the window these days. So extremely frustrating to say the least.
洛杉矶时报报道称：马斯克表示他永远不会妥协任何不公正的法律案件，但他刚刚妥协了一个不公正的案件。这完全是错误的报道，电气时报也以非常相似的方式报道了此事，尽管他们都包括了埃隆使用的确切语言，但那明显是在谈论特斯拉，而不是他自己。他们选择完全忽略这一点，或许他们的阅读理解能力很差。以前我们称之为新闻记者的职业所需的技能，现在似乎已经不再重要了。这真是令人极为沮丧。
Rapping up Elon Musk did end up appearing on Bill Mauer's show about a 20-minute appearance, nothing too Tesla related there but of note, he did say that Twitter is now relatively stable, so echoes comments that we have heard from Elon recently and I think good news for everybody on that front.
埃隆·马斯克最终在比尔·毛尔的节目中露面了，大约持续了20分钟。虽然他谈论的内容与特斯拉无关，但值得注意的是，他表示推特现在相对稳定。这与最近埃隆发表的言论相呼应，我认为这对每个人都是好消息。
And then lastly, after a couple of delays SpaceX did end up launching Falcon Heavy this weekend, successfully delivering multiple customers satellites into orbit, so congratulations to SpaceX on that success, always fun to see Falcon Heavy.
最后，经历了几次延迟后，SpaceX终于在本周末成功地发射了猎鹰重型火箭，并将多个客户的卫星顺利送入轨道，对于这一成功，向SpaceX表示祝贺，看到猎鹰重型火箭总是很有趣的。
Alright that'll wrap it up for today then as always, thank you for listening, make sure you subscribe to and sign up for notifications, also find me on Twitter at Tesla 5Gask, and we'll see you tomorrow for the Tuesday May 2nd episode of Tesla Daily. Thank you.
好的，今天的节目就到这里了，跟往常一样，感谢各位的收听，记得要订阅并开启通知，还可以在我的Twitter账号@Tesla5Gask上找到我，明天我们会再见，在五月二日的节目中。谢谢。