? Tesla Q4 2021 Earnings Call Audio Webcast Stream - Listen Here @ 5:30 Eastern / 2:30 Pacific

[intimidator]

Affordable CT, I bet that is one reason it is delayed, 40k CT is close but will cost more for profit.

If you get a chance, you can listen to the conference call, but there is no indication Tesla will ever build a $40,000 CyberTruck.

In fact, he stuck a fork in the $25,000 model. He said they are not working on it. Their plate is full, at this time.

I think you can draw a line to the fact Tesla is not going to build inexpensive models. Including an inexpensive CT (Until they final get caught up on building all the Model Ys and Model 3s customers are snapping up)

IMO is that when Tesla finally does build a Cybertruck.....very late 2023? it will be at the $80,000 price point. And after a couple of years of building the $80K the concept of an affordable CT will be a faded memory.

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[anionic1]

Sorry. lol I need a car.

With their continued expansion across the world the demand won’t cool for 5 years once all the other car makers are cranking out great EV options. The CT will be the most costly vehicle they have made for sure. It’s the most massive and has more expensive materials. I don’t ever see the CT swooping in and making as much profit as their smaller cars.

 

[Crissa]

It's concerning because Elon said that it was pencils down on engineering CT many months ago, now he's saying design and engineering to make it affordable is the "biggest challenge". That's a HUGE 180 for the ~1M people who have preordered one based on the original specs and price.

That's not a 180.

Engineering has different phases. First you decide what you want to build. Then you decide how you want to build it. Then you try to figure out how you can get the parts to build it. Then you decide how you can build it.

They're stuck on the last bit... It does them no good if the part they want is too expensive, so they're refining that.

It's kinda the shopping phase. They have their list.

-Crissa

 

[Tesla Cowboy]

A lot of you hear and understand what's being said like the closed captions person on this audio podcast LOL

 

[Ogre]

If you get a chance, you can listen to the conference call, but there is no indication Tesla will ever build a $40,000 CyberTruck.

In fact, he stuck a fork in the $25,000 model. He said they are not working on it. Their plate is full, at this time.

I think you can draw a line to the fact Tesla is not going to build inexpensive models. Including an inexpensive CT (Until they final get caught up on building all the Model Ys and Model 3s customers are snapping up)

IMO is that when Tesla finally does build a Cybertruck.....very late 2023? it will be at the $80,000 price point. And after a couple of years of building the $80K the concept of an affordable CT will be a faded memory.

You are reading way too much between the lines here.

He never said the $40k Cybertruck was being nixed.

He made it very clear making the Cybertruck *** Affordable *** was a priority.

 

[Crissa]

A lot of you hear and understand what's being said like the closed captions person on this audio podcast LOL

It's an AI.

-Crissa

 

[Ogre]

It's concerning because Elon said that it was pencils down on engineering CT many months ago, now he's saying design and engineering to make it affordable is the "biggest challenge". That's a HUGE 180 for the ~1M people who have preordered one based on the original specs and price.

Making it affordable was always one of the most appealing things about the Cybertruck.

This isn’t a 180, it’s a reaffirmation it is keeping true to it’s original goal.

 

[intimidator]

This wasn’t the impression I got. At least not that chips were the constraint.

He said they were focused on increasing volume and that if they introduced new vehicles it would reduce production. If chips were the constraint, shipping fewer vehicles wouldn’t be a concern because they would need fewer chips.

They want to hit 1.8m - 2m vehicles per year. The 15k Cybertrucks they might have shipped in 2022 would be a drop in that bucket.

I think aspirational Elon realizes he may have over promised with all the new technology they want to pack into the CT. Which makes it super hard to build an affordable CT.

I am less confident it will get built in my lifetime. Glad I have an early order for the Rivian and for the Ford Lightning. Both will be available a lot sooner than the CyberTruck. Probably by 1st quarter of 2023 at the lastest. It is hard to guess when the CyberTruck will be in the hands of buyers. Maybe 2024?

 

[DMC-81]

It's concerning because Elon said that it was pencils down on engineering CT many months ago, now he's saying design and engineering to make it affordable is the "biggest challenge". That's a HUGE 180 for the ~1M people who have preordered one based on the original specs and price.

Well. since then, inflation has appeared, and competitor's offerings have been released. IMO, Tesla needs to keep CT relevant and competitive (pricing and features) in the marketplace, without dragging their feet too long. It's a balancing act for sure.

 

[JJ_Tex]

I know it is not what anyone wanted to hear, but they are making sound business decisions for long-term sustained growth, which is good for everyone.

Plus it sounds like they are still tweaking the CT and I would rather give them enough time to get it right, while keeping their factories at max capacity cranking out their bread and butter (3's and Y's).

 

[Jyak]

While ramping production at 2 new factories and existing factories, adding a new product line would reduce overall production. So, no cybertruck in 2022.

Not sure if you are all paying attention to the other Tesla vehicles, but the demand continues to increase faster than they are growing to fulfil that demand. I picked up a Model Y to hold me over until the cyber truck. Really really happy that I did and will be happy with it's retained value when I sell it to buy the CT.

 

[Ogre]

Someone dropped the F bomb on the call. Not something you hear on these calls often.

 

[jhciv]

Engineering has different phases. First you decide what you want to build. Then you decide how you want to build it. Then you try to figure out how you can get the parts to build it. Then you decide how you can build it.

They're stuck on the last bit... It does them no good if the part they want is too expensive, so they're refining that.

I don't disagree with you, but nothing required Elon to announce specs or pricing at a reveal event before Tesla had gotten sufficiently down the engineering phases to be able to communicate it with a high degree of certainty. Alternatively, he could have hedged the pricing or called it aspirational. The reveal clearly made it seem like a done deal and induced hundreds of thousands of people to invest money in a preorder. Even if that's not fraud, it's in extremely bad faith and does not show caring for your loyal customers. Really makes Rivian look like the adult in the room.

 

[Ogre]

One thing people forget, when the Cybertruck was launched, Tesla was selling 100k cars/ year and the Model Y wasn’t exploding in popularity. We didn’t have this crazy situation where Tesla would be able to sell every single vehicle they can possible dream of manufacturing at the kind of prices they are asking.

The whole situation here has shifted.

 

[Crissa]

If you have an order above 20k, you aren't getting you Lightning before 2023. If you have an order above 100k, you aren't getting a Lightning before 2024. If you have the 180,000th order of a Lightning, Ford doesn't plan on delivering it under 2025 right now.

The E-Silverado isn't supposed to start that cycle until 2023-2024.

Tesla has more orders than all of them combined. Should they make them at the price promised or raise the price to out-bid other companies from getting the parts and supplies?

-Crissa

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