21 Apr 2022 | Tesla’s Impressive Earnings Q1 2022
Episode 1442, Apr 21, 2022, 11:05 AM
On the podcast today:
• VW's new growth plan will reduce supply chain vulnerability
• The Ram 1500 EV Has 1 Major Advantage Over Other Electric Trucks
• Tesla (TSLA) earnings Q1 2022
• Half Of Teslas Produced In Q1 Had An LFP Battery
• Tesla Shows That Orders For Its Cars Spiked After The Super Bowl
• Tesla and Panasonic rumored battery factory in Oklahoma
• XPeng announces reservation prices for P5 in European markets
• Ford teases new electric Transit Custom
• Penske Automotive unit orders 750 Ford electric cargo vans
• Best charging behavior for LFP batteries
• Tech billionaire running for Senate just to bash Elon Musk, Tesla
Show #1442
Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily, you trusted source of EV information. It’s Thursday 21st April, it’s Martyn Lee here and I go through every EV story so you don't have to.
VW'S NEW GROWTH PLAN WILL REDUCE SUPPLY CHAIN VULNERABILITY
- Volkswagen Group CEO Herbert Diess said the automaker's new growth plan would aim to reduce its vulnerability to the effects of global conflicts, such as supply chain disruption and rising prices, by divesting more power to its regions and brands.
- Diess did not specify which political events he was referring to, but automakers have been hit hard by Russia's invasion of Ukraine as Western sanctions pushed up the price of energy and raw materials.
- Diess said the automaker's board saw boosting its China business, growing software division Cariad and reorganizing its brand leadership structure as the most pressing issues facing the automaker.
- "Our competitors are no longer called Mercedes-Benz, Toyota Motor Corporation or Stellantis, but Tesla, Foxconn, Apple, LG Electronics, Uber etc.," he said.
Original Source : https://europe.autonews.com/automakers/vws-new-growth-plan-will-reduce-supply-chain-vulnerability
THE RAM 1500 EV HAS 1 MAJOR ADVANTAGE OVER OTHER ELECTRIC TRUCKS
- Last week, Ram CEO Mike Koval confirmed the Ram 1500 EV concept at the New York International Auto Show. Ahead of the 2024 release, the company plans to reveal or preview the electric truck sometime this year. Those who are a part of the Ram Real Talk Tour might get a preview of the EV even before that.
- Koval said to Automotive News that Ram has a master plan to give customers the right design for the future lineup.
- Electric trucks like the Ford F-150 Lightning and GMC Hummer EV Pickup will have been on the market for two years (if all goes as planned). The Chevrolet Silverado EV is slated for production in 2023, likely still beating the Ram by a whole year.
- It can adjust based on customer feedback by releasing the Ram 1500 EV after the other trucks have been on the market for a bit. Ram will get to learn what people like and don’t like and be able to modify certain things as necessary.
Original Source : https://www.motorbiscuit.com/ram-1500-ev-1-major-advantage-over-other-electric-trucks/
TESLA (TSLA) EARNINGS Q1 2022
- Tesla just reported first-quarter earnings for 2022 and beat analysts’ expectations on the top and bottom lines.
- Automotive revenue reached $16.86 billion, up 87% from the same period last year. Automotive gross margins jumped to a record 32.9% with Tesla reporting gross profit of $5.54 billion in its main segment. Regulatory credits accounted for $679 million of automotive revenue for the quarter.
- Revenue growth was driven in part by an increase in the number of cars Tesla delivered, and an increase in average sales prices, the company said in its shareholder deck.
- “Our own factories have been running below capacity for several quarters,” Tesla said in its shareholder deck. The company did not give detailed guidance on deliveries going forward, but said it expects 50% annual growth on a multi-year basis, and warned that supply chain constraints are likely to continue through 2022. Musk also said that he believes inflation is worse than reported, and will continue through the year.
Original Source : https://www.cnbc.com/2022/04/20/tesla-tsla-earnings-q1-2022.html
HALF OF TESLAS PRODUCED IN Q1 HAD AN LFP BATTERY
- At its Q1 2022 earnings call, Tesla announced that nearly half of all EVs it produced during the quarter were fitted with LFP (Lithium Iron Phosphate) battery cells that are free of nickel and cobalt.
- While LFP batteries still use lithium, they come with a number of benefits over the standard NCA and NCM batteries that have traditionally been used in electric vehicles.
- Tesla announced that almost half the cars that rolled out of its factories during the first three months of 2022 were equipped with LFP (lithium iron phosphate) batteries. In its official statement released on Wednesday, the company said that its decision to use the new technology is largely based on the fact that "diversification of battery chemistries is critical for long-term capacity growth."
- The batteries are expected to help Tesla save on input costs and improve the bottom line as they are significantly cheaper than the Nickel Cobalt Aluminum Oxide (NCA) cells
Original Source : https://screenrant.com/tesla-increases-ev-production-lfp-battery/
TESLA SHOWS THAT ORDERS FOR ITS CARS SPIKED AFTER THE SUPER BOWL
- his year's Super Bowl was packed with electric car ads from various automakers. Now that EVs are beginning to come into the mainstream, people are taking notice. Seeing major automakers supporting and promoting electric cars, not to mention their outstanding performance, gets people talking and searching the internet.
- Apparently, it also moves people to order a Tesla.
Tesla's solar business slumps as supply shortages take a toll
- The company's solar energy deployments – including the solar roof made at Tesla's Buffalo plant – plunged by nearly half during the first quarter because of problems getting supplies from outside the United States.
- Tesla said it installed 48 megawatts of solar energy generating capacity during the first three months of this year, 48% less than the 92 megawatts of solar capacity it installed during the same period last year.
- Tesla CEO Elon Musk said he expects the supply shortages that affected the company's battery and solar energy businesses to be resolved.
- Analysts believe Tesla has installed a relatively small number of solar roofs, so even a high percentage increase likely involves a modest number of additional deployments.
Original Source : https://buffalonews.com/business/local/teslas-solar-business-slumps-as-supply-shortages-take-a-toll/article_1ab47444-c0e7-11ec-97bb-3fd5ee82013e.html
TESLA AND PANASONIC RUMORED BATTERY FACTORY IN OKLAHOMA
Original Source : https://electrek.co/2022/04/20/tesla-panasonic-rumored-behind-multi-billion-battery-factory-project-incentives-oklahoma/
XPENG ANNOUNCES RESERVATION PRICES FOR P5 IN EUROPEAN MARKETS
Original Source : https://cnevpost.com/2022/04/21/xpeng-announces-reservation-prices-for-p5-in-european-markets/
GM CONTINUES TO SOLIDIFY SUPPLIES FOR FUTURE EVS
FORD TEASES NEW ELECTRIC TRANSIT CUSTOM
Original Source : https://www.carmagazine.co.uk/car-news/first-official-pictures/ford/transit-custom-electric-van/
PENSKE AUTOMOTIVE UNIT ORDERS 750 FORD ELECTRIC CARGO VANS
Original Source : https://www.reuters.com/business/autos-transportation/penske-automotive-unit-orders-750-ford-electric-cargo-vans-2022-04-18/
BEST CHARGING BEHAVIOR FOR LFP BATTERIES
Original Source : https://pushevs.com/2022/04/21/best-charging-behavior-for-lfp-batteries/
TECH BILLIONAIRE RUNNING FOR SENATE JUST TO BASH ELON MUSK, TESLA
Original Source : https://nypost.com/2022/04/21/tech-billionaire-running-for-senate-just-to-bash-elon-musk-tesla/
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