Tesla’s Path in India Gets Clearer, FSD Beta Updates, UAW Authorizes Strike

Hey everybody Rob Maurer here, happy Friday today we've got a relevant report for Tesla in India and potentially the future in the country for Tesla there.

大家好，我是Rob Maurer，今天是星期五，我将为大家带来关于特斯拉在印度的相关报道，以及特斯拉在该国的未来可能性。

We also have a few updates on FSD beta, some news from the UAW and a couple other items as well.

我们还有有关FSD beta的一些更新，UAW的一些新闻以及其他几个项目的信息。

Alright, looking at the stock, really nice end to the week today, finishing up 3.7% close at $238.59 while the NASDAQ was up about 1% on the day today.

好的，看看股票情况，今天是一个非常好的周末收盘，收涨3.7%，收盘价为238.59美元，而纳斯达克指数今天上涨了约1%。

Of course, we did have Fed Chairman Jerome Powell's comments today. Pretty much a reiteration of things we've heard him say in recent FOMC meetings. I said we're prepared to further raise rates if appropriate and tend to hold the policy at a restrictive level until we're confident that inflation is moving significantly down or toward our objective. So I think mostly the market feeling some relief that comments weren't more hawkish, I guess. He did have kind of an interesting comment about being guided by the stars under cloudy skies. So just kind of shows that they're not really certain what's going to happen in a reiteration of him saying that they'll continue to observe things as they come in and make decisions from that point. So thankfully, I think in this case didn't end up being too material to the markets today if, you know, if anything, avoiding something more material, probably a positive.

当然，我们确实听到了美联储主席杰罗姆·鲍威尔今天的评论。基本上是他在最近的FOMC会议上所说的东西的重新表述。他说，如果适当的话，我们准备进一步提高利率，并倾向于将政策维持在限制性水平，直到我们确信通胀明显下降或朝我们的目标靠近为止。所以我认为市场大多数会感到一些松动，因为评论没有表现得更加鹰派吧，我想。他还有一个有趣的评论，说在多云天下要以星星为导。这只是显示他们并不确定将会发生什么，是他再次强调他们将继续观察情况并根据情况做出决策。所以幸运的是，我认为在这种情况下对市场的影响并不太大，如果有的话，避免了更大的影响，这可能是个积极的因素。

Alright, so getting into news relevant to Tesla more specifically, we do have a report from Reuters today that says that India, according to people with direct knowledge of the matter, including a senior government, senior Indian government official, have said that India is considering a proposal that would allow electric vehicles that are imported into India to be imported at a reduced tax. So currently for vehicles over $40,000, that is a hundred percent import tax, $70,000 for vehicle or 70% for vehicles less than $40,000. So obviously that's extremely prohibitive. Apparently, this proposal would potentially reduce those taxes to as low as 15%. If the automaker that would be importing has significant manufacturing locally, or I guess some local manufacturing, how much would be to be determined, I think, and this proposal is still in the early stages.

好的，关于特斯拉的新闻， 我们今天有一份来自路透社的报告，据了解此事的直接知情人士透露，包括一位高级印度政府官员，称印度正在考虑一项提议，允许进口到印度的电动汽车减免部分税款。目前，超过4万美元的车辆需要缴纳百分之百的进口税，7万美元以下的车辆需缴纳70%的进口税。显然，这样的税费是非常限制的。据说，这一提议有可能将这些税款降低到15%左右。如果进口汽车厂商在当地有重要的生产制造，或者说有一定的本地制造业，具体比例尚待确定，我想这个提议仍处在早期阶段。

But if this change were to occur, this would be a much clearer path for Tesla in India. Obviously, we know from reports of the last few months that India and Tesla have been engaging in conversations to figure out if Tesla can maybe make an investment there at some point. If they were to do that, something like this would be a very good step to take before that, because Tesla would then be able to build their market a little bit before having to set up a massive manufacturing facility in India. So if they were able to import vehicles that allows them to start a sales base, start building out superchargers, stores, et cetera, before having to make that gigafactory-sized investment and build the market from nothing. So I think it would be very wise for India to do this. They say that this is going through a lot of deliberations. So this is from the Indian government official, quote, this is going to go through a lot of deliberations, even though the government is keen on getting Tesla. That's because of the impact on domestic players, end quote. So it is still very initial stage right now, but I almost feel like they have to do something like this because, again, 100% import tax, 70% import tax, whatever the case is, no one's going to buy those vehicles, just too prohibitive or no one's significant, so are not significant numbers, significant people, sure code, but not insignificant numbers. So hopefully we'll see this progress and be approved at some point, but I think an exciting report potentially for Tesla and their aspirations in India.

但是如果这种改变发生了，对特斯拉在印度来说将是一条更加清晰的道路。显然，根据过去几个月的报道，印度和特斯拉一直在进行谈判，以确定特斯拉是否可以在某个时候在印度投资。如果他们能够做到这一点，像这样的措施在此之前将是一个非常好的步骤，因为特斯拉将能够在建立大型制造工厂之前在印度市场上建立一些基础。因此，如果他们能够进口车辆，就能够在开始销售基础上构建超级充电站、商店等，而不必从零开始进行千兆工厂级别的投资和市场建设。所以我认为印度这样做是非常明智的。他们表示这需要经过很多讨论。所以这是来自印度政府官员的话，引用：这将经过很多讨论，尽管政府渴望引进特斯拉。这是因为对国内企业的影响。所以现在还处于非常初期的阶段，但我几乎觉得他们必须做一些像这样的事情，因为无论是100%的进口税还是70%的进口税，没有人会购买这些车辆，这太禁止了，或者说没有显著的市场份额，尽管没有人不显著的市场份额。希望我们能看到这一进展，并在某个时候得到批准，但我认为这对特斯拉在印度的愿景来说是一个令人兴奋的报道。

All right.

好的。

Next, we've got a couple updates on FSD. So Elon did say that this was last night at 12, 12, 14 AM Pacific time. He said tomorrow around 4 PM Pacific time he would be doing the live stream of FSD beta version 12. So a little bit unclear, since that's obviously just over into mid night or past midnight, if he's referring to today, Friday or tomorrow being Saturday, most people I think would be referring to Friday in that sort of a context, which means that this should happen about an hour and 20 minutes ago, as of the live stream right now, it has not happened yet. We'll see if there's any new tweets from heat on right at the end of this, but we're still waiting on this. So we'll see if that comes later tonight. I was hoping it would happen before, before the episode, but we'll keep an eye out for that.

接下来，我们有一些关于FSD的更新。埃隆昨晚在太平洋时间凌晨12点12分14秒表示，明天太平洋时间下午4点左右，他将进行FSD测试版12的直播。有点不太清楚，因为这显然已经超过了午夜，如果他指的是今天星期五还是明天星期六，大多数人可能会理解为星期五，这意味着在直播开始前大约一个小时二十分钟之前，直播还未开始。我们将看看本期节目结束时是否有新的推文，但我们仍在等待。所以我们要看看那是否会在今晚晚些时候发生。我希望在节目开始之前就能看到，但我们将继续关注。

But for FSD version 11, version 11.4.7 has now started to roll out to early testers. So we talked about the release notes yesterday. Again, those are all still the same as the prior version. But obviously Tesla does that on occasion, where there are still some updates or improvements on some of those changes that were made in the prior iteration that did have new release notes.

然而，对于FSD版本11来说，现在正在向早期测试者推出11.4.7版本。所以我们昨天谈到了发布说明。同样，这些发布说明与以前的版本没有太大变化。但显然特斯拉会偶尔进行一些更新或对之前版本的更改进行改进，这些更改可能会有新的发布说明。

One such change, maybe not super relevant to the performance of the software, but one thing that is noticeable from FSD version 11.4.7 is that the turn signal camera seems to be much more the side repeater camera seems to be much more color correct versus previous versions. So Mike from Cyberowners.com here posting a comparison of the same sort of turn signal or side repeater camera capture from FSD beta version 11.4.6 and version 11.4.7. And you can see that the color profile looks to be a lot more accurate in 11.4.7. Now in terms of the impact on the software and FSD functionality, it probably is meaningless. This is probably more of just a color grading thing that's happening with the display of the camera versus anything to do with how the colors are being processed for actual FSD. Because remember, Elon had previously mentioned that that has been converted over to sort of the raw photon level, which would mean that this color grading stuff is really just superfluous to what's actually making its way into the code for FSD. But still, nice to see, nice improvement for those vehicles and for the user experience, which is good. We've seen this similar improvement with hardware 4. So hopefully we'll get some more hardware 4 versus FSD beta version 11.4.7 hardware 3 just to kind of see if there really is an even more significant step forward from hardware 4 than maybe the color grading kind of made it appear previously.

在FSD版本11.4.7中的一个改变是，转向灯摄像头似乎比以前的版本更准确地显示了颜色，尽管这可能对软件性能不是特别相关。来自Cyberowners.com的迈克在这里发布了FSD测试版11.4.6和版本11.4.7中相同类型的转向灯或侧翻摄像头捕捉的比较照片。你可以看到在11.4.7版本中，颜色配置看起来更加准确。现在就软件和FSD功能的影响来说，这可能是无意义的。这可能只是相机显示方面的颜色分级问题，与用于实际FSD中颜色处理的方式没有多大关系。因为请记住，埃隆之前曾提到，这已经转换到了原始光子级别，这意味着这种颜色分级只是对FSD代码实际运作无关紧要的东西。但依然可以看到这是一个很好的改进，对于车辆和用户体验来说都是好事。我们在第四代硬件上也见到了类似的改进。希望我们能获得一些关于硬件4与FSD测试版11.4.7硬件3之间更重要的进步的对比，以便能够确定硬件4是否比之前的颜色分级展示更有意义。

All right, next we've got just, I guess, a couple quick updates on supercharging. So Dan Ives sent a new note out to clients today posted a part of that on X today saying that they have done a deeper dive into the impact of potential revenue from Tesla Supercharger Network and obviously opening that up. They say that ultimately by 2030, they expect this to turn into a 10 to 20 billion dollar business, of course, talking about revenue there. Obviously that would equate to Tesla's overall business doing about $330 billion in revenue. So about 3 to 6% of that total. I'm not sure exactly, I'd have to go back and look at how this compares to my model. I'm guessing this is probably higher since I haven't updated that since we've gotten the supercharger news. So I need to go back and do that but it kind of gives you a sense for what at least one Wall Street analyst is thinking. That may have helped the stock out a little bit today as with that note from Wedbush.

好的，接下来我们只是简单地介绍一下超级充电的一些最新情况。所以丹·艾夫斯今天给客户发出了一封新的备忘录，今天我们在X上发布了其中的一部分内容，说明他们对特斯拉超级充电网络的潜在收入影响进行了更深入的研究，并明确表示到2030年，他们预计这将成为一个价值100-200亿美元的业务，当然，这谈的是收入。很明显，这将相当于特斯拉整体业务收入的3300亿美元的3-6%。我不确定，我得回去查一下和我的模型相比如何。我猜这可能会更高，因为自从我们得到超级充电站的消息以来，我还没有更新过。所以我需要回去做一下，但是至少可以让你知道华尔街分析师们的一个思路。这可能会对股票有一点帮助，就像韦德布什的备忘录一样。

And then on version 4 supercharging, Felix Hamer on X posting a video of the new Supercharger V4 sort of payment processing process for lack of a better word. But we'll just play a quick portion of this video. You can see sort of tap to pay being utilized on the screen here. Zoom in a bit. Obviously there's some issues with capturing the screen on video. But shows just that process in progress looks pretty simple. I think obviously the app way easier but for anyone that was kind of wondering how that would work pretty intuitive but that's how it will work. See if we can get a close up on the screen there. You can kind of see a little bit what it shows on that small display screen on the supercharger.

然后在第四代超级充电的版本上，Felix Hamer在X上发布了一个新的超级充电器V4的付款处理过程的视频，没有更好的词来描述。我们来播放一小段这个视频。你可以看到屏幕上使用了一种类似于“轻触付款”的方式。放大一点。显然在视频中捕捉屏幕会有一些问题。但是展示了这个过程正在进行中，看起来相当简单。我想显然通过应用程序更容易，但是对于那些想知道它是如何工作的人来说，相当直观，就是这样的工作方式。看看我们是否能够放大屏幕的画面。你可以在超级充电器上的那个小显示屏上略微看到一些内容。

Alright next just a really quick highland rumor. We're not going to spend much time on this but Chris Jong on Twitter kind of teasing this I guess not giving much context but showing a picture of a calendar with something wonderful is about to happen on September 1st. So next Friday we'll keep an eye on it. You know there's a lot of people saying that this is a teaser for project highland or for some media event relating to project highland. We'll see. It doesn't necessarily mean that but something to keep an eye on for next week and I'm sure if that is the case we'll probably hear some more rumors about that somewhat soon.

好的，下一个就是一则真正快速的高地传言。我们不会花太多时间在这上面，但是Twitter上的Chris Jong似乎在逗我们，没有给太多背景信息，只是展示了一个日历的图片，上面写着什么奇妙的事情将在9月1日发生。因此，下周五我们会密切关注。很多人都在说这是高地项目的预告，或者与高地项目相关的一些媒体活动的预告。我们会看看的。这并不一定意味着那样，但是下周要多加留意，我相信如果是这种情况，我们可能很快就会听到更多关于这方面的传言。

Alright, next we've got an interesting report here from JD Power. So as we often see they release these owner surveys broken down into various categories.

好的，接下来我们有一份来自JD Power的有趣报告。正如我们常见的那样，他们将这些车主调查结果分成了各种不同的类别。

So for this time they've released their tech innovation survey and kind of a couple interesting things. We'll talk about Tesla's performance here in a second but as we can see the very first part of this press release is talking about how battery electric vehicle owners experience more problems with advanced technology than do owners of internal combustion engine vehicles according to the JD Power 2023 US Tech Experience Index study released today.

这一次他们发布了他们的技术创新调查，并且有一些有趣的事情。我们接下来会讨论特斯拉的表现，但是正如我们所看到的，这份新闻稿的第一部分讲述了根据JD Power 2023年美国技术体验指数研究，电动汽车车主在高级技术方面的问题比内燃机车辆车主更多。

So they go on to say that 17 of the 21 advanced features offered in both fuel versions have more quality problems per 100 vehicles for BEVs than for ice vehicles. But look at this right here excluding Tesla and why are they excluding Tesla? I don't know it is still very relevant to understand that breakdown but if you're going with this as your headline you should probably be including all BEVs especially the manufacturer that is the majority of sales in the United States. I think Tesla's market share around 60% so you're talking about how a segment performs but excluding 60% of it it seems like that should be something that is made a little bit more like obviously they mentioned it here but it should be probably taken into a little bit more account when this is sort of the leading headline that you're going with. So very misleading because yes we can see it excludes Tesla down here but again not in the headline that they published. So I don't know why they did that chose to do that. Well I could have some suspicions about why but interesting to see that and again they mentioned this a couple of times I think there's another excluding Tesla's here. Yeah the total vehicle problems in the IQS is 46% higher among BEVs excluding Tesla that is vehicles and satisfaction is lower among owners of BEVs across the nine appeal categories which I think appeal is not initial quality but quality sort of after that if I recall correctly.

所以他们接着说，在这21种先进功能中，有17种在纯电动汽车（BEVs）比内燃机车辆中每100辆车拥有更多的质量问题。但看看这里，排除特斯拉，为什么要排除特斯拉呢？我不知道，但理解这个细分情况仍然非常重要。但如果你把它作为你的标题的话，你应该包括所有纯电动汽车，尤其是美国销量占大多数的制造商。我认为特斯拉的市场份额约为60%，所以你谈论的是这个细分市场的表现，却排除了其中60%的部分，这似乎应该有点被更明显地考虑到。所以这篇报道非常具有误导性，因为我们可以看到这里排除了特斯拉，但却没有在他们发布的标题中提到。我不知道他们为什么选择这样做，我对此可能有一些怀疑，但有趣的是他们几次提到了这一点。是的，纯电动汽车（BEVs）虽然不计入特斯拉，但在IQS的总车辆问题比传统车辆高出46%，而且在九个吸引力类别中，车主满意度也较低。我认为吸引力指的并不是初始质量，而是在那之后的质量。

So anyway I just kind of thought that was I don't know if I'm using as the right word but kind of interesting to see from JD Power and then if we scroll down to Tesla's performance so as usual with JD Power Tesla does not get to appear on the actual full ranking system so of course they say that Genesis and Hyundai were the two leaders on the US Tech Experience Index Study for overall innovation. Genesis with a score of 656 but let's scroll down Tesla completely obliterating that with a 773 score but because Tesla does not allow JD Power to or does not just pass over owner information in states that they're not required to to JD Power like literally all these other brands do because Tesla doesn't do that they don't get to be qualified for this for unofficial ranking so I'm glad that Tesla doesn't do that but clearly you can see everyone else playing the game.

总之，我觉得这个从JD Power得到的结果有点有趣，不知道是否用词准确。如果我们往下滑看特斯拉的表现，如通常一样，特斯拉并没有在实际的全球排名系统中出现。当然，他们说Genesis和现代是美国技术体验指数研究中两个领先的品牌，Genesis的得分是656分，但是如果我们往下滑，可以看到特斯拉以773分彻底超越了他们。但是因为特斯拉不允许JD Power获取车主信息，除非在某些州被要求提供，就像其他品牌一样，因为特斯拉不这样做，他们不能被纳入非正式排名。我很高兴特斯拉不这样做，但显然其他品牌都在参与这个游戏。

So anyway Tesla you know the leader, the leader and the luxury or premium segment and then we can see in the sort of mass market segment obviously scores quite a bit lower for the you know tech experience portion of this study. A couple interesting things there but ultimately no surprise with Tesla sort of leading the pack on that metric.

总的来说，特斯拉是领导者，是豪华或高端市场的领导者，但是在大众市场中，我们可以看到它在技术体验方面得分相对较低。有一些有趣的地方，但特斯拉在这个指标上领先并不令人惊讶。

Alright next we've got an interesting you know new channel on YouTube this person is doing Adrian CG on YouTube is doing drone videos of the Giga Texas site and they look to be really good quality so exciting that we you know seem to have a drone flyover person out there ready to go when construction gets more underway you know we're not exactly clear on what stage it's at right now but I did put a link in the description down to this video if you want to check this channel out and keep an eye on it hopefully we'll see consistent videos from from this channel again looks like really good quality so excited about that.

好的，接下来我们有一个有趣的，你知道的，YouTube上的新频道，这个人在YouTube上做Adrian CG，他正在用无人机拍摄Giga Texas工地的视频，而且画质看起来非常好，非常令人兴奋。我们知道在施工进行更多时，我们就可以看到飞机无人机飞越，现在对于它所处的阶段我们还不太清楚，但是我在视频的描述中放了一个链接，如果你想要查看这个频道，保持关注，希望我们能够看到这个频道持续发布的视频，再次看起来真的非常好，对此非常兴奋。

And then the last few things here the UAW has announced today that they have authorized a vote that would allow the UAW to strike if that is something that they feel like they need to do so they're not on strike yet obviously the current contract as we have previously talked about runs through September or to September 14 not sure which but they did vote and 97 percent of UAW members voted in favor of authorizing authorizing a strike if that shouldn't you know come to be necessary now obviously a vote like that you know if they were to not authorize this that would significantly reduce their negotiating leverage so not too surprising to see you know the the results in such strong favor of that as presumably that's been explained to people but still obviously you know high approval rate for for that authorization so we'll keep an eye on that that's going to be a building story here for the next three weeks.

然后，最近几件事，UAW今天宣布他们已经批准一项投票，允许他们罢工，如果他们认为有必要的话。他们目前还没有罢工，显然，当前的合同将在9月或9月14日到期，不确定具体是哪一天，但他们确实进行了投票，97%的UAW成员投票赞成授权罢工，如果可能的话。显然，像这样的投票，如果他们不批准，就会大大减少他们的谈判筹码，所以看到如此强烈赞成的结果并不令人意外，可以推测已经向人们解释了这一点，但显然，对于授权的批准率如此之高，这仍然令人印象深刻，所以我们将密切关注这个事件，这将是接下来三周的一个重要议题。

And then separately from the as you know I guess more broad UAW workforce the UAW and Altium so the GM and LG combination joint venture I think is how it's structured UAW and Altium have agreed on higher pay 25 percent on average for their workers I think this is about 11,000 or sorry 1,100 workers at one of their plants so very minor in terms of the I think 150,000 workforce for the the total UAW but interesting to kind of see that separate agreement and could give a little bit of context for where things could end up in general with things more broadly with the UAW.

然后，与您所了解的广义UAW劳工不同，UAW和Altium——通用汽车与LG组合公司的合资企业——已经同意为他们的工人提供更高的工资，平均增加25%。我想这大约是他们一家工厂的1,100名工人，相较于总共15万劳工的规模来说，规模非常小。但是，这个单独的协议对于我们对于UAW更广泛的情况可能会提供一些背景和线索。

And then SpaceX today they did their static fire test for super heavy booster nine I think the second static fire test for for this booster but very successful tests so 31 out of 33 engines were were fired for the full duration of the test so I think you know SpaceX probably quite happy with that usually they're a little bit more cautious with the static fire for you know software controls on the engines if anything is flagging incorrectly they'll shut those down so it doesn't necessarily mean that they would have for a full test orbital test flight situation but some good learnings most likely for SpaceX and obviously fun to see that static fire test today with the water deluge system and should be a good sign for us getting closer to the second orbital test flight could happen even in September so you know we'll keep an eye out for that and I'm very excited for it.

然后，SpaceX今天进行了超重型助推器九号的静态点火试验，我想这是该助推器的第二次静态点火测试，但是测试非常成功，总共有33个发动机中的31个都在整个测试过程中点火，因此我认为SpaceX可能对此感到非常满意。通常情况下，他们在发动机软件控制方面会更加谨慎，如果有任何异常情况，他们会关闭其中的一些发动机，这并不意味着他们必须进行完整的轨道测试飞行，但这对SpaceX来说可能是一些很好的教训，也很高兴看到他们今天使用了喷水洗闪系统进行了静态点火测试，这应该是我们离第二次轨道测试飞行越来越近的一个好迹象，甚至可能在九月就会发生，所以我们将密切关注，我对此非常兴奋。

And then the last thing I was just going to refresh here on Elon's page just to see if if we do have anything with FSD I'm guessing probably not but we'll just see yeah Elon did comment on this post from John Erlichman about Tesla's stock performance each year saying big swings but ultimately very much upward so you know I don't really have any further comments on that but hopefully we continue to see that sort of progress in the future.

然后，我只是想刷新一下埃隆的主页，看看我们是否有关于FSD的任何消息，我猜可能没有，但我们还是看看吧。是的，埃隆评论了约翰·埃利克曼关于特斯拉每年股票表现的帖子，说股票波动很大，但总体上趋势是向上的，所以我对此没有进一步的评论，但希望我们能在未来继续看到这种进展。

All right that'll wrap it up for today and for the week as always thank you for listening make sure you subscribe and sign up for notifications and also find me on x at Tesla podcast and we'll see you on Monday for the August 28th episode of Tesla daily thank you.

好的，今天和本周的节目就到这里。一如既往，感谢您的收听，请确保订阅并开通通知，还可以在x平台上找到我，那里有特斯拉播客。我们将在8月28日的特斯拉每日节目中再次见面，谢谢。