Institution: Tesla's new model generates anticipation, with business maintaining growth across all dimensions
Chief Engineer Shares Details on Cybercab: Tesla Cybercab Chief Engineer Eric E. recently shared insights about the Cybercab. This includes the dual-seat design, efficiency, and surprisingly conservative number of parts. He stated that the Cybercab is a two-seater because the vast majority of driving mileage today only has one or two passengers. Moreover, this vehicle is designed to achieve extremely high efficiency, which is reflected not only in energy consumption but also in cleanliness, reliability, and service concepts. For large travel groups, Tesla can use other larger vehicles (such as the Model Y) to meet demand. The Chief Engineer of Cybercab also shared that Tesla's focus on the efficiency of the Cybercab means using very few parts for production. The dual-seat design has better aerodynamics, resulting in the Cybercab having about half the number of parts compared to the Model 3. At the same time, although the roboatxi is small, the trunk is very large, and it can accommodate some bicycles and foldable wheelchairs based on size. Tesla China Achieves Sales Milestone in Cold Regions: Tesla China recently emphasized the excellent performance of its vehicles in winter, with Tesla cars performing well in countries known for cold weather (such as Norway, Iceland, and Denmark). In Norway, the Model Y is expected to top the passenger car sales chart for three consecutive years. Meanwhile, the Model Y has become the best-selling electric vehicle in Harbin, China, over the past 12 months
Chief Engineer Shares Details on Cybercab:
Tesla Cybercab Chief Engineer Eric E. recently shared insights about the Cybercab. This includes the dual-seat design, efficiency, and surprisingly conservative number of parts. He stated that the Cybercab is a dual-seat vehicle because the vast majority of trips today only have one or two passengers. Moreover, this vehicle is designed to achieve extremely high efficiency, which is reflected not only in energy consumption but also in cleanliness, reliability, and service concepts. For large travel groups, Tesla can use other larger vehicles (such as Model Y) to meet demand. The Chief Engineer of Cybercab also shared that Tesla's focus on Cybercab efficiency means using very few parts for production. The dual seating has a better aerodynamic design, resulting in the Cybercab having about half the number of parts compared to Model 3. At the same time, although the robo-taxi is small, the trunk is very large, and it can accommodate some bicycles and foldable wheelchairs based on size.
Tesla China Achieves Sales Milestone in Cold Regions:
Tesla China recently emphasized the excellent performance of its vehicles in winter, with Tesla cars selling well in countries known for cold weather (such as Norway, Iceland, and Denmark). In Norway, Model Y is expected to top the passenger car sales chart for three consecutive years. Meanwhile, Model Y has become the best-selling electric vehicle in Harbin, China, over the past 12 months.
(Supercharging) Tesla NACS to Become Official Standard for Electric Vehicle Charging in the U.S.:
The U.S. government has announced plans to recognize Tesla's North American Charging Standard (NACS) as the federal standard for electric vehicle charging. This decision aims to unify and simplify the national electric vehicle charging infrastructure, providing higher compatibility, efficiency, and accessibility for electric vehicle users. Federal Highway Administrator Christine White confirmed this shift at the Automotive Innovation Alliance meeting, stating that federal agencies will soon release updated guidance to incorporate NACS into federally funded electric vehicle charging projects. Meanwhile, the Society of Automotive Engineers (SAE) has recently standardized the NACS as SAE J3400.
(Energy Storage) TagEnergy and Tesla Launch France's Largest Battery Storage Project:
TagEnergy, in collaboration with Tesla, has officially begun construction of France's largest battery energy storage system (BESS) in Cernay-lès-Reims, Marne. This €250 million (approximately $264 million) 240MW/480MWh BESS project is a milestone for France, with a capacity nearly five times that of the largest operating system in France. It is expected to be completed by the end of 2025 and will meet the needs of 20% of the residents in Marne (approximately 110,000 residents). The system will be connected to the 225kV national grid, allowing it to optimize renewable energy distribution and meet peak demand. Tesla will not only provide Megapack but will also manage the integration of batteries with the French electricity market through the Autobidder platform Tesla China Delivery Data for the 4th Week of November 2024:
From November 26 to December 1, 2024, Tesla's domestic insurance volume was approximately 18,700 vehicles, an increase of about 30% QoQ and about 6% YoY, with Model Y accounting for approximately 11,520 vehicles and Model 3 accounting for approximately 7,070 vehicles. The cumulative insurance volume for this quarter is currently 119,485 vehicles.
Source: First Shanghai Securities