4680 Ramp Incoming / Anti-Tesla Lies & Hypocrisy Exposed / EV Charger Rollout Speeds Up ⚡️

Welcome to Electrified, it's your host Dylan Loomis. Quick shout out to my newest patron, Jose Deaf. Thank you for choosing to support the channel. With Tesla's quarter to numbers right around the corner, I think this is the chart that more people should be focusing on in contrast to what we talked about toward the end of last week, which I think was a bit misleading. This chart shows Tesla's registrations by year for 15 different European countries. The purple line is 2024 so far and this baby blue line was 2023. Through June of 2023, Tesla was at around 163.4 thousand registrations. We still have one more week for June 2024, but we're currently sitting at about 97.7 thousand. So let's just call it 60 thousand units less, so far through 2024, or down about 40%. That's partly why UBS just dropped their expectations for quarter to deliveries for Tesla to 420 thousand. As always, the Wall Street consensus is likely too high.

欢迎来到 Electrified，我是你的主持人 Dylan Loomis。首先感谢我最新的支持者，Jose Deaf，谢谢你选择支持这个频道。随着特斯拉第二季度的数字即将公布，我认为大家应该更多关注这张图表，而不是我们上周末讨论的内容，因为那有点误导。这张图表显示了特斯拉在15个欧洲国家的年度注册情况。紫色线代表2024年数据，浅蓝色线代表2023年数据。截至2023年6月，特斯拉大约有163.4千的注册量。2024年6月还有一周的时间，但目前我们约为97.7千台注册量。所以可以说截至目前，2024年减少了大约60千台，下降了约40%。这也是为什么瑞银集团刚刚降低了他们对特斯拉第二季度交付量的预期至42万台。一如既往，华尔街的普遍预期可能过高了。

It currently sits around 445 thousand, but they typically update their models closer to the end of the quarter. As a reminder for quarter to of last year, Tesla delivered 466.1000. Thus, for quarter to of this year, Tesla is trending to be down materially year over year. All that to say, just be careful who you listen to online because there are a few uber bulls that do seem to be a bit detached from reality. Canada is now considering some tariffs for Chinese made EVs. The federal government announced a 30 day consultation period to examine Beijing's trade practices in the EV sector. Their finance minister said Canadian auto workers and the auto sector are facing unfair competition from China's intentional state-directed policy of overcapacity. That's undermining Canada's EV sector and its ability to compete.

目前交付量约为44.5万，但他们通常在季度末更新模型。提醒一下，去年第二季度，特斯拉交付了46.61万辆。因此，今年第二季度，特斯拉的交付量预计将同比大幅下降。简单来说，要小心网上的言论，因为有些极度看好特斯拉的人可能有些脱离现实。加拿大现在正在考虑对中国制造的电动车征收关税。联邦政府宣布了为期30天的咨询期，以审查北京在电动车领域的贸易行为。加拿大财政部长表示，加拿大的汽车工人和汽车行业正面临来自中国故意政策导致的产能过剩的不公平竞争。这正在削弱加拿大电动车行业的竞争力。

I'm fully aware that cheap Chinese electric vehicles are a major threat, not just to domestic automakers in the US, but Canada and other locales as well. However, every time I see these leaders pointing the finger at China saying that what they're doing is unfair, I have to admit it rubs me the wrong way. It just feels like China has invested money in the right markets and the right companies and now they're experiencing some success and the rest of the world is saying hey wait a second, that's unfair. When the reality is, most European and United States automakers have just been dragging their feet on electric vehicles for the better part of a decade. In Canada, Chinese built vehicles currently face tariffs, but they could be looking at adding a surtax on top of the tariffs. This consultation period will also look at adjusting federal incentives. Right now, Canada is not that reliant on Chinese made EVs, but they are largely reliant on China for batteries and battery production.

我完全清楚廉价的中国电动车不仅对美国的国内汽车制造商构成了重大威胁，对加拿大和其他地方也是如此。不过，每次我看到这些领导人指责中国说他们的做法不公平时，我不得不承认，这让我感觉很不舒服。我觉得，中国只是把钱投资在了正确的市场和公司，现在他们取得了一些成功，而世界其他国家却在说，嘿，等一下，这不公平。事实是，绝大多数欧洲和美国的汽车制造商在过去十年里在电动车方面一直拖拖拉拉。在加拿大，中国制造的汽车目前面临关税，但可能还会在关税的基础上增加附加税。这段咨询期还会考虑调整联邦激励措施。目前，加拿大在中国制造的电动车方面依赖程度不高，但在电池和电池生产上却很依赖中国。

I think some people are a bit over their skis talking about Uber's CEO selling roughly $70 million of Uber stock. I'm aware, back in May of this year, he sold an additional $33 million of Uber. But if you actually read the form for his most recent transaction, you will see this was made pursuant to a 10B51 plan created in February of this year. There are plenty of people on X saying that Dara is selling all of these Uber shares because of the Tesla RoboTaxi event in August. So look, is Dara concerned about what Tesla may unveil in August? To some degree, sure, but let's not forget Tesla and Uber have been working closely together now for a few years. Plus, Dara still owns about 1.2 million shares of Uber worth over $80 million plus some options in addition to that. But again, this selling is part of that 10B1 plan. And yes, that plan was put together before Elon mentioned the RoboTaxi event.

我认为，有些人对Uber的CEO出售大约7000万美元的Uber股票有点反应过度。我知道今年五月，他还卖了3300万美元的股票。但如果你真的读了他最近一次交易的表格，你会发现这是根据今年二月创建的10B51计划进行的。很多人在网上说Dara卖掉这些Uber股票是因为八月的特斯拉RoboTaxi事件。所以，你问我，Dara是否担心特斯拉在八月可能公布的东西？某种程度上，是的，但我们不要忘记，特斯拉和Uber已经合作几年了。而且，Dara仍然拥有约120万股价值超过8000万美元的Uber股票，还有一些期权。再次强调，这次卖出是那份10B1计划的一部分。而且，是的，那份计划是在Elon提到RoboTaxi事件之前制定的。

There's a big conversation happening across Australia right now when it has to do with the idea that nuclear and renewable energy mainly rooftop solar cannot really coexist together. The thrust of the problem, almost everyone involved in the Australian grid recognizes the system design is moving on from base load and always on power to variable renewables and dispatchable power, the latter being battery storage. The thing with nuclear is typically the upfront costs are pretty high, which means you actually want to run that plant as much as you can. But if these nuclear plants are forced to ramp their production up and down, essentially in tandem with what's being generated from renewable sources, that can lead to problems. There has been a nuclear reactor in Germany that actually showed damage that was caused directly from ramping production up and down. In other words, major changes in output would cause wear and tear on the plant. There are some newer promising technologies out there, but given the massive size of the rooftop solar market in Australia, this will certainly be a story to watch.

目前在澳大利亚，人们正围绕着核能和可再生能源（主要是屋顶太阳能）能否共存展开热烈讨论。问题的关键在于，几乎所有参与澳大利亚电网设计的人都认识到，系统设计正在从基荷和持续供电转向可变可再生能源和可调度电力，后者主要是指电池储能。核能的问题在于其前期成本通常非常高，因此需要尽可能长时间运行这类电厂。但如果这些核电厂被迫随着可再生能源的发电量来回调节产量，就会出现问题。德国曾有一座核反应堆因频繁调节产量而直接损坏。换句话说，输出的大幅变化会对电厂造成磨损和损害。虽然目前有一些新兴的技术可能会带来希望，但鉴于澳大利亚屋顶太阳能市场的巨大规模，这个问题无疑值得持续关注。

A cyber attack on software provider CDK Global, which provides software for thousands of dealers across the US and Canada, is still going on. This all started five days ago on June 19th, and now many of these dealers are being forced to rely on spreadsheets and pen and paper. CDK provides software to around 15,000 car dealer locations nationwide, and they're saying it's a ransomware attack, which typically means the hackers will threaten to release customer data unless they're paid a sum of money. It's not just affecting sales, but service as well, and the dealers are saying we're going to have to go back and reenter everything that we did through CDK, so it's eventually in the system. And one consumer who is notified about the situation, saying they'd have to do the deal pen and paper said if you guys are reporting everything by hand, God knows how long it's going to take.

软件供应商CDK Global遭受网络攻击，该公司为美国和加拿大成千上万的经销商提供软件。目前攻击仍在继续。这一切始于五天前的6月19日，现在许多经销商不得不依靠电子表格、笔和纸来工作。CDK为全国约15,000个汽车经销商地点提供软件，他们表示这是一次勒索软件攻击，通常意味着黑客会威胁要发布客户数据，除非他们得到一笔钱。这不仅影响销售，还影响服务。经销商们表示，我们将不得不重新输入通过CDK完成的所有工作，以便最终将其记录在系统中。一位被通知情况的消费者说，如果你们一切都要手动记录，天知道这要花多长时间。

CATL has provided a bit more information about their zero degradation tenor battery cells, which are for battery storage. Part of how they're pulling it off, they said it's a combination of pre-lithiation combined with reducing the consumption of lithium ions during battery cycles themselves. Pre-lithiation is a process that involves adding extra lithium to a battery during its manufacturing stage by pre-loading the battery with additional lithium. This process helps to mitigate those initial losses. There are different ways to do it. You can pre-lithiate an anode or a cathode, or you can add lithium-containing compounds to the electrolyte. One thing battery storage developers have to consider is the augmentation of these systems, which typically happens after three or five years, but they're saying these new cells can push that back to seven or eight years. Just so you know, the augmentation of these systems can be done in two ways. The first is DC shuffling, which prioritizes the internal distribution of energy within the battery stacks to ensure balance charging and discharging of individual cells and modules. Then the other method is AC augmentation, which primarily focuses on external interactions between energy storage systems and the grid, which is why if CATL really does have a zero degradation cell that would drastically alter these battery degradation management practices, which would make the projects more cost effective.

宁德时代（CATL）发布了有关他们零退化电池的新信息，这些电池主要用于储能。他们表示，这项技术的核心是结合了预锂化和减少电池循环过程中锂离子的消耗量。预锂化是在电池制造阶段加入额外的锂，通过预加载额外的锂来缓解初始损失。这可以通过预锂化阳极或阴极，或者向电解液中添加含锂化合物来实现。 电池储能系统的开发者通常在3到5年后需要考虑系统的增容，而宁德时代称这种新电池可以将这一时间推迟到7到8年。系统增容有两种方式：一种是直流（DC）重组，优先处理电池堆内部能量的分配，确保单个电芯和模块的平衡充放电；另一种是交流（AC）增容，主要关注储能系统与电网之间的外部互动。如果宁德时代真的实现了零退化电池，这将大大改变电池退化管理的方式，使项目更具成本效益。

We also heard that Rolls-Royce via its power systems business is among the first system integrators to announce a partnership with CATL. Rolls-Royce and CATL have signed a long-term agreement for more than 10 gigawatt hours of storage capacity to deploy projects using tenor cells. It's planning projects in the EU and the UK. The reason these tenor cells are being applied to battery storage first is that the market demands more improvements around a long lifetime for the batteries compared to the EV market. They said these cell improvements could be applied to EV batteries, but it will be done in line with customer demand.

我们还了解到，劳斯莱斯通过其动力系统业务率先宣布与宁德时代（CATL）建立合作伙伴关系。劳斯莱斯和宁德时代签署了一项长期协议，计划提供超过10吉瓦时的储能容量，用于部署使用tenor电池的项目。这些项目将在欧盟和英国进行。之所以首先将tenor电池用于储能，是因为与电动汽车市场相比，储能市场对电池寿命的要求更高。他们表示，这些电池的改进也可以应用于电动汽车电池，但会根据客户需求逐步进行。

Last week, we talked about that former chancellor from Delaware that was criticizing Judge McCormick and one other. Well, here's the video of that happening with some additional context. Right now, the market, the corporate market is not feeling good about Delaware. It's not feeling good about Delaware because of the uncertainty and unpredictability of a few decisions by just two judges. And remember, that's not a court of two judges. That's a court of seven judges. But only two judges are telling you that there's some concern about this legislation affecting their decisions. As chancellor, I will tell you, I was taught judges need to stay in their own lane. Judges need to be judging cases in the courtroom, applying the law that you give them. Judges don't need to intrude upon the process of making all because if they do, they now have become really powerful. Do you think that both of these sitting members of the court are wrong and that you're right? I do. Thank you. I've served longer than both of them. Thank you.

上周，我们谈到了那位来自特拉华州的前大法官，他批评了麦考密克法官和另一位法官。现在，这里有一个视频，可以看到当时的情况，并且有一些额外的背景信息。目前，市场，尤其是企业市场，对于特拉华州的感觉不好。市场感觉不好是因为这两位法官的一些决定带来了不确定性和不可预测性。请记住，这不是一个由两位法官组成的法院，而是一个由七位法官组成的法院。但只有这两位法官在表达对某些影响其决定的立法的担忧。作为一名大法官，我会告诉你，我被教导的是法官需要专注于自己的职责。法官应当在法庭上裁决案件，适用法律。他们不应该介入立法过程，否则他们将变得非常有权势。你认为这两位现任法官不对，而你是对的吗？是的。我比他们两位任职时间都长。谢谢。

Come on. I have no further questions for the witness. On X, Warren was talking about how the attorney suing Elon and Tesla claimed to be acting on behalf of Tesla stockholders. When in reality, we know that they're likely acting solely for their own benefit to collect a billion dollars in fees that will be taken from the stockholders. Elon quoted this saying exactly a class action lawsuit by definition should represent the class. Yet this one and many others do not serving simply to enrich law firms at the expense of the people they falsely claim to represent. The law should be changed to require at least 10% of the members of the supposed class to vote in favor of a class action suit. If they can't even muster 10%, it's obviously bogus. The fact that that's not a requirement already is interesting to say the least.

来吧。我没有更多问题要问证人了。关于X，沃伦在谈论起诉Elon和Tesla的律师时，声称是代表Tesla的股东。然而，实际上我们知道他们很可能只是为了自己的利益，想从股东那里收取10亿美元的费用。Elon引用这一点并说，按定义，一个集体诉讼应该代表集体，但是这个诉讼和很多其他诉讼都不是，仅仅是为了让律师事务所发财，而牺牲了他们虚假声称代表的人的利益。法律应该修改，要求所谓集体的至少10%的成员投票赞成集体诉讼。如果连10%都凑不齐，这显然是假的。事实是，这个要求目前并没有被纳入法律，这至少说来很有趣。

As you heard in the video, there's a lot of pressure on Judge McCormick right now as that former chancellor called her out saying that many corporations are not feeling positive about the Delaware courts. In that post, Elon shared from Warren, he said Delaware lawyers, accountants and related businesses and state government revenue will all suffer massively as corporations flee a state that has demonstrated it does not support founders, corporations, boards, execs or shareholders. Warren has also highlighted some hypocrisy in that professor Charles Elson who has criticized Tesla's board over Elon's compensation. himself happens to be on the board of a company that's been struggling to say the least. With Elson on the board of this company, he was partly responsible for the CEO getting paid above $10 million per year the past two years while struggling to stabilize this company. I did fact check all of this, it's a company called inhabit. In a letter to stockholders, they just said, neither our financial results nor our stock performance has satisfied your expectations. And it's true, the company's CEO has over $20 million in company stock and in addition makes over $2.4 million per year as the president. Finally, here's the confirmation that Charles Elson is indeed a director of inhabit home health. replying to Warren's post about Charles Elson, he said such a creep over the weekend.

正如你在视频中听到的，目前麦考密克法官面临很大压力，因为那位前大法官公开批评她，称许多公司对特拉华州法院不感到乐观。在那篇帖文中，埃隆分享了沃伦的观点，沃伦表示，由于特拉华州向公司展示了不支持创始人、公司、董事会、高管或股东的态度，特拉华州的律师、会计师及相关业务以及州政府的收入都将遭受巨大损失。沃伦还指出了一些虚伪之处，比如查尔斯·埃尔森教授，他以前就埃隆的薪酬问题批评特斯拉的董事会。然而事实上，埃尔森自己却恰好是另一家严重经营不善的公司的董事会成员。在埃尔森担任这家公司董事期间，他对公司CEO过去两年每年超过1000万美元的薪酬负有部分责任，而这家公司却在努力维稳。我确实核实了这些事实，这家公司叫Inhabit。在给股东的信中，他们说：“我们的财务结果和股票表现都未满足您的期望。”确实，这家公司的CEO拥有价值超过2000万美元的公司股票，同时每年还以总裁身份获得超过240万美元的报酬。最后，这里有确认信息，查尔斯·埃尔森确实是Inhabit Home Health的董事。回应沃伦关于查尔斯·埃尔森的帖子，他在周末表示，“这种人真是个混蛋。”

Warren really was putting his lawyer background to great use as he pointed out a lie from the plaintiffs in a recent paper from last week. The plaintiffs lawyers are arguing that Tesla said the opinion from Judge McCormick after the trial was a final judgment on the merits, rescinding the grant. Saying Tesla can only challenge that judgment at this juncture through appeal and thus the purported ratification cannot reinstate the grant. Has no effect on the court's judgment and is irrelevant to the July 8th fee hearing. But as Warren pointed out, Judge McCormick herself said the post trial opinion is not a final appealable judgment. That's because generally speaking, a post trial opinion is not final and appealable under Delaware law until the court resolves any related application for attorneys fees and expenses. Elon did respond to this post from Warren with an exclamation mark. I know that's all a bit noisy, nothing has really been decided at this point, but I think it's important to highlight some of the shenanigans that are taking place with this whole situation.

沃伦确实充分发挥了他律师背景的优势，上周在一篇最新的文件中指出了原告的一个谎言。原告的律师声称，特斯拉表示在审判后的麦科米克法官的意见是实质性的最终判决，取消了之前的批准。原告律师还说，特斯拉只能通过上诉来挑战这个判决，因此所谓的认可不能重新恢复批准，对法庭的判决没有影响，与7月8日的费用听证会也无关。但沃伦指出，麦科米克法官自己说过，审判后的意见并不是最终可上诉的判决。这是因为一般来说，根据特拉华州的法律，审判后的意见在法院解决了任何相关的律师费用和开支申请之前，并不算是最终和可上诉的判决。埃隆确实在沃伦的帖子中回应了一个感叹号。我知道这有点复杂，目前还没有真正定论，但我认为有必要突出一下这个事件中发生的一些伎俩。

I want to provide a quick update on the different EV charging companies and the progress they're making with their rollouts, specifically in the United States. The Charge Point network has more than 1,800 stations with more than 3,000 plugs as of early June. Charge Point is the company behind the Mercedes charging network. When it comes to the Mercedes network with Charge Point, they have 13 sites with 43 ports as of early June. They have a site in Georgia and some others in Alabama, Florida and Texas. Mercedes plans to have more than 2,500 chargers in 400 locations by 2027. Charge Point still is not profitable, but last year EV drivers spent 180 million hours at their stations in North America, which was up 63% from 2022. As of early June, Electrify America has more than 900 charging stations with more than 4,000 ports. They plan to reach 5,000 ports by the end of this year, and they have chargers across 47 states. EA has already replaced more than 680 underperforming legacy chargers.

我想快速更新一下美国各个电动汽车充电公司的进展情况。Charge Point网络截至六月初拥有超过1800个充电站和3000多个充电插口。Charge Point是奔驰充电网络的幕后公司。关于奔驰与Charge Point的合作网络，截至六月初，他们有13个站点和43个充电口，分布在乔治亚州、阿拉巴马州、佛罗里达州和德克萨斯州。奔驰计划在2027年前在400个地点提供超过2500个充电器。Charge Point 目前还没有盈利，但去年电动车驾驶者在他们的北美充电站共花费了1.8亿小时，比2022年增加了63%。 截至六月初，Electrify America拥有超过900个充电站和4000多个充电口。他们计划在今年年底前达到5000个充电口，并且他们的充电站覆盖了47个州。EA已经更换了超过680个表现不佳的旧充电器。

EVGo has more than 3,000 plugs at more than 1,000 sites across 35 different states. They're also not yet profitable, but their charger utilization is up to 19% up from 6% two years ago. You may recall EVGo has that large partnership with GM for GM branded chargers at locations like Pilot and Flying J's. In that partnership, GM Energy plans to open up to 2,000 fast chargers at as many as 500 different locations, with 200 set to be online by the end of this year. And Rivian's Adventure Network has about 80 sites with more than 470 chargers so far. As we said last week, IANA is about to enter the mix as well, so it may be slow, but progress is being made. Michelin CEO just said that they've started talks about testing its up-tiss airless tire technology on Tesla vehicles. Before you get carried away, just know this technology has been out there for years.

EVGo在35个州的1000多个地点拥有超过3000个充电插头。虽然他们还没有盈利，但充电器的使用率已经从两年前的6%上升到19%。你可能记得，EVGo与通用汽车（GM）有一个大型合作项目，在像Pilot和Flying J这样的地点安装GM品牌的充电器。在这个合作中，GM Energy计划在多达500个地点安装2000个快速充电器，其中200个将在今年年底前上线。而Rivian的Adventure Network目前已有大约80个地点，安装了超过470个充电器。正如我们上周所说，IANA也即将加入进来，所以虽然进程缓慢，但正在取得进展。米其林CEO刚刚表示，他们已经开始谈论在特斯拉车辆上测试其新型免充气轮胎技术。但别太激动，这项技术已经存在多年了。

Back in 2021, Tesla was actually testing it with the Model 3. That was a good year tire, but it was a similar airless technology. Michelin is also testing these tires on the Chevy Bolt, but so far it's just prototypes. These tires are supposed to be puncture proof, and they're saying they expect them to last about three times longer than conventional tires. Airless tires would of course be lighter and more aerodynamic, but they've said they may be limited to certain types of applications. It's good to hear Tesla is doing more testing, but this type of technology to date has had some trade-offs, so I'm not holding my breath on this one. Would a tire that can't pot be great? Absolutely, but some of the drawbacks are one, the price. Two, the contact surface is usually larger, so that leads to a greater rolling resistance, not good for EVs. And people have often said airless tires lead to a more bumpy and uncomfortable ride.

早在2021年，特斯拉实际上就在用Model 3测试这项技术。当时的轮胎质量不错，但它采用的是类似的无气轮胎技术。米其林也在雪佛兰Bolt上测试这些轮胎，不过目前还只是原型。据说这些轮胎是防刺穿的，他们预计其寿命大约是传统轮胎的三倍。无气轮胎当然会更轻、更具空气动力性，但他们表示可能仅限于某些类型的应用。听到特斯拉在做更多测试是件好事，但到目前为止，这类技术一直有一些权衡，所以我对此仍持保留态度。防刺穿的轮胎是否很棒？当然，但也有一些缺点。首先是价格，其次是接触面通常较大，这会导致更大的滚动阻力，对于电动车来说并不好。而且人们常说无气轮胎会导致更颠簸和不舒适的乘坐体验。

The New York regulator has signed off on a new roadmap to achieve 6 gigawatts of energy storage by 2030. It's true California already has over 10 gigawatts of battery storage connected to the Kaizo grid, but it's a start for New York. What's cool about this roadmap, it provides for 35% of overall program funding to go towards deployments that benefit disadvantaged communities and target reducing the use of fossil fuel power peaker plants. Our next energy, which was once a darling in the investment space when it comes to LFP battery cells and production in North America, they just announced a new partnership with FoxCon and it sounds like it's going to involve a cash infusion, taking an ownership stake in the company, but it's not an acquisition and it does not represent a change of control of the company.

纽约监管机构已经批准了一份新的规划路线图，目标是在2030年前实现6吉瓦的能源存储。虽然加利福尼亚已经在Kaizo电网里连上了超过10吉瓦的电池存储，但对于纽约来说，这只是一个开始。这个路线图的一大亮点是，总资金的35%将用于对弱势群体有益的项目部署，并且旨在减少使用化石燃料发电的调峰电厂。我们的下一步能源，这家公司曾是投资界的宠儿，专注于磷酸铁锂（LFP）电池单元的生产及在北美的制造。他们刚刚宣布与富士康达成了一项新的合作伙伴关系，这次合作似乎包括了现金注入，并持有公司的部分股权，但这不是一次收购，也不会改变公司的控制权。

It was FoxCon that got in a very messy legal battle with Lordstown Motors, but FoxCon is the world's largest contract manufacturer and they've announced they're now focused on EVs and battery storage. It was an hour next energy battery that powered a BMW to over 600 miles on a single charge. That was on the WLTP test cycle, so let's just call it something like 475 miles of EPA range. But as we've all learned, prototypes are easy and it's production and in this case, commercialization, that's much more difficult. The US is in desperate need of LFP battery cell production, so I'm rooting for this one to succeed. I'm just not sure if FoxCon will be the right answer.

是富士康与Lordstown Motors卷入了一场非常混乱的法律纠纷，但富士康是世界上最大的代工制造商，他们已经宣布现在将专注于电动汽车和电池存储。有一个由Next Energy公司生产的电池为一辆宝马提供动力，使其在单次充电下行驶超过600英里。这是在WLTP测试循环中得出的结果，所以我们可以大致认为它在EPA标准下的续航里程是475英里左右。但正如我们所知，做出原型很容易，而实现量产和商业化则要困难得多。美国迫切需要磷酸铁锂（LFP）电池的生产，所以我希望这个项目能够成功。但我不确定富士康是否是正确的选择。

Beijing, of course, wants the EU to scrap their plans to impose those preliminary tariffs on Chinese-made EVs. The two sides are still negotiating and those talks will continue this week. China has floated lowering its existing tariffs on large engine cars in return for the EU, scrapping those EV tariffs. Beijing currently imposes a 15% fee on passenger vehicles from the EU. Right now, the EU is set to make a final decision on those tariffs by November 2, but it sounds like they may negotiate something a bit sooner. James Downer answered a question many were asking, why release version 12.4 when 12.5 is in the pipeline? Wouldn't it make more sense to skip 12.4 and go straight to 12.5? Wouldn't that be faster and less effort?

北京当然希望欧盟放弃对中国产电动汽车征收初步关税的计划。目前双方仍在谈判，本周将继续进行。中国提出可以考虑降低对大排量汽车的现有关税，以换取欧盟取消这些电动汽车关税。北京目前对来自欧盟的乘用车征收15%的关税。现在，欧盟计划在11月2日之前就这些关税做出最终决定，但看来他们可能会稍早达成某种协议。 詹姆斯·唐纳回答了许多人心中的疑问，为什么在12.5版本已经在筹备中的情况下发布12.4版本？直接跳过12.4发布12.5版本不是更快更省力吗？

The summary? No, 12.5 does not come faster if 12.4 is skipped. It probably comes slower and 12.6 gets slower too. He basically said the new features in version 12.4 actually have to go fleet-wide to be tested and validated, and he thinks there's really no substitute for that actual fleet testing. So in a sense, these periodic updates actually help get to the next version. But Elon has said in the past that 12.4.5 and .6 are basically entire rewrites. So from that statement, it would seem like if Tesla tries to smooth things out with 12.4 and it's not going well, they can just throw that away and jump to 12.5. Which in theory may be possible, but I think what James was saying was that with 12.4, then you actually lose out on the potential to validate and improve some specific new features.

总结一下吗？不，如果跳过 12.4，12.5 不会更快到来。实际上可能会更慢，12.6 也会变得更慢。他基本上是说，12.4 版本中的新功能必须在整个车队中进行测试和验证，他认为没有什么可以替代这种实际的车队测试。因此，从某种意义上说，这些周期性的更新实际上有助于下一版本的发布。但埃隆过去曾表示，12.4.5 和 12.6 基本上是完整的重写。所以从这个角度看，如果特斯拉在 12.4 上遇到问题，他们可以直接跳到 12.5。理论上可能是可行的，但我认为 James 是在说，如果使用 12.4，你实际上有机会验证和改进一些特定的新功能。

So it's almost like Tesla wants to see what they have with version 12.4 and fully test it, and then any improvements they do make can effectively be a groundwork for 12.5 and further releases. On X, Elon said long-term return on Tesla will, I believe, be exceptional. In the actual post, he was replying to Baron Capital said when Tesla shares have underperformed during a discrete period, they have shortly afterwards reflected the strong growth of the underlying business and the stock has appreciated considerably. We believe that will be the case again.

特斯拉似乎想要全面测试12.4版本，看看它的表现如何，然后再进行改进，这些改进可以为12.5版本和以后的版本打下基础。在X（原Twitter）上，埃隆·马斯克表示，他相信特斯拉的长期回报将会非常出色。在实际的帖子中，他回复了Baron Capital的评论。Baron Capital说，当特斯拉股票在某个特定时期表现不佳时，很快就会反映出其强劲的业务增长，股票也会显著升值。我们相信这次也会这样。

The Cybertruck is continuing its international tour and it'll be in Thailand until September. California is offering new EV incentives up to $14,000. To participate though, you have to have an income of $93.6,000 or lower for a family of four. But if you qualify, you can get up to $7,500 and then in addition, if you scrap your vehicle, that number jumps to $12,000. Then in addition to that, they throw in a $2,000 charging card. South Korean battery manufacturers are gearing up to begin mass production of 46mm diameter cylindrical cells in the second half of this year. One of those companies is LG and they'll begin production of 4680s at its Ochang plant in August. Excluding Tesla, LG will be the first major global battery manufacturer to begin mass production. To anybody frustrated with Tesla's 4680 progress, don't forget that LG launched a pilot 4680 battery line back at the beginning of 2021.

Cybertruck 正在进行国际巡展，它将在泰国停留至九月份。加利福尼亚州提供高达 $14,000 美元的新电动汽车激励措施。不过要参与的话，您家庭的年收入必须在 $93,600 美元或以下（以四口之家为标准）。如果您符合条件，可以获得高达 $7,500 美元的补贴。如果您还报废了旧车，这个数额会增加到 $12,000 美元。此外，他们还附送 $2,000 美元的充电卡。 韩国电池制造商正在积极准备在今年下半年开始大规模生产直径 46 毫米的圆柱形电池。其中一家企业是 LG，他们将在八月份于其五常工厂开始生产 4680 电池。除特斯拉外，LG 将成为首个开始大规模生产的全球主要电池制造商。对于那些对特斯拉 4680 进展感到沮丧的人，请不要忘记，LG 早在 2021 年年初就启动了 4680 电池的试生产线。

This pilot was for 4680 production at that very plant in Ochang. So three years later, LG, a company that makes batteries for a living, is now just getting around to actually commercializing its 4680 production. And the truth is, we don't know if LG is doing DBE for the anode or the cathode. So I'll repeat, what Tesla is doing is incredibly difficult. The battery production line at the Ochang plant produces around 9 gigawatt hours per year. And as we've said, LG's 36 gigawatt hour capacity factory in Arizona should be operational by 2026. The industry is expecting LG to supply Tesla and some other companies with these 4680s. Samsung is also expected to begin mass production of cylindrical batteries with a 46 millimeter diameter within the year. Their currently negotiating product specs with several automakers.

这项试点项目是为在五松(Ochang)工厂进行的4680电池生产。所以三年后，以生产电池为生的LG公司，现在才开始实际将其4680电池生产商业化。而实际上，我们不知道LG是否在使用DBE技术来生产负极还是正极。我要重申一下，特斯拉正在做的事情是非常困难的。五松工厂的电池生产线每年的产量大约为9吉瓦时。正如我们所说，LG在亚利桑那州的36吉瓦时容量工厂预计将在2026年投入运营。业内预计LG将向特斯拉和其他一些公司供应这些4680电池。三星也计划在今年内开始大规模生产直径为46毫米的圆柱形电池，目前正在与几家汽车制造商协商产品规格。

Heinrich Zane gave us an update on the Tesla semi-factory saying in addition to grading, drainage and storm water management, all of the underground utilities have been run out to Milan Ave. This includes water, sewer, fiber optic, and underground drainage. So there is more progress than meets the eye, mostly underground. As Sawyer pointed out, on Tesla's Nax page, under coming soon, they have GM, Volvo, Polestar, and now they have Mercedes Benz also listed. Sawyer also highlighted that on Tesla's inventory page, there's a new toggle for tax credit eligible vehicles, meaning some Model 3 and Model Y's do qualify...

海因里希·赞恩给我们更新了特斯拉半导体工厂的最新进展。他说除了平整土地、排水和暴雨水管理外，所有的地下公用设施已经铺设到米兰大道。这包括水管、下水道、光纤和地下排水系统。所以，尽管看不见，实际上地下的进展很多。 像索耶所指出的那样，在特斯拉的Nax页面下，除了通用汽车、沃尔沃、Polestar，现在还列出了奔驰。索耶还强调，在特斯拉的库存页面上，有一个新的开关，用于显示符合税收抵免资格的车辆，这意味着一些Model 3和Model Y确实符合条件。

...and others don't. But now if a buyer opts in and qualifies for the incentive, they'll be matched with vehicles that are also eligible. So of course, doing it this way, any vehicle that's actually going to qualify will be paired up with a customer that also qualifies. It doesn't make sense for Tesla to give a vehicle that's eligible to a customer that doesn't qualify for the credit. So with this change, Tesla should certainly come out ahead. And Tesla has officially launched free FSD transfers for the sexy lineup until August 31st, this year, stackable with existing incentives. And you do not have to trade in the existing VIN with FSD. Time will tell, but it might be the last time Tesla makes this offer as Elon did said it adds unnecessary complexity to the sales process.

……而其他人则不然。但现在，如果买家选择并符合激励条件，他们将会被匹配到也符合条件的车辆。因此，当然，这样做的好处是，任何实际符合资格的车辆都会与同样符合条件的顾客匹配起来。让符合资格的车辆给不符合条件的顾客是没有意义的。所以通过这个改变，特斯拉肯定会受益。此外，特斯拉已经正式推出了截至今年8月31日为止的免费FSD（全自动驾驶）转让，适用于sexY（S、3、X、Y）车型，并且可以与现有的激励措施叠加使用。而且你不需要将现有的带有FSD的车辆进行置换。时间会证明一切，但这可能是特斯拉最后一次做出这样的优惠，因为埃隆·马斯克曾表示，这增加了销售流程的不必要复杂性。

RJ Scoringe and Rivian gave a tour to Reuters on Friday and PR some takeaways. RJ said Rivian removed over 100 steps from the battery making process, 52 pieces of equipment from the body shop, and over 500 parts from the design. The result is a 35% reduction in cost of materials for vans and savings of similar magnitude for its other lines. The changes have pushed the rate of assembly on the manufacturing line up by 30%. Their VP of manufacturing said all of that together leads to us being able to get to our path of profitability and to be gross margin positive. Tesla stock closed the day at $182.58 down 0.23% while the NASDAQ was down 1.09%. It was a lower volume day for Tesla trading about 11 million shares below the average volume the past 30 days. Hope you guys have a wonderful day. Please like the video if you did. You can find me on X links below and a huge thank you to all of my Patreon supporters.

RJ Scaringe 和 Rivian 在周五带领路透社进行了参观，并发布了一些要点。RJ 表示，Rivian 在电池制造过程中减少了超过100个步骤，从车身车间去掉了52件设备，并且在设计中减少了超过500个零件。结果是货车材料成本降低了35%，其他产品线也有类似幅度的节省。变化使制造线上的装配速度提高了30%。他们的制造副总裁表示，这些变化使我们能够走向盈利并实现毛利正数。 特斯拉股票当天收盘价为182.58美元，下跌0.23%，而纳斯达克指数下跌了1.09%。当天特斯拉的交易量较过去30天的平均交易量少约1100万股。 希望大家有一个美好的一天。如果你喜欢这个视频，请点赞。你可以在下面的链接找到我，再次感谢所有的 Patreon 支持者。