A Tesla earnings call is always a fun experience. More often than not, Elon lets some little tidbit slip that wasn’t part of the script, much to the delight of the audience and consternation of the company’s lawyers. We know there will be talk of deliveries and gross margins and earnings before interest and taxes. GAAP and non-GAAP figures will be thrown around and a few questions will be asked from the steely eyed financial analysts on the call.
The big question on many people’s mind is, will the price of Tesla shares rise or fall as a result? The stock is down about a third from its all-time high in January. Will Elon deliver the goods to make it go back up? For many who are not shareholders, it’s just fun and useful to see how the Tesla story is unfolding. Here are a few topics that may tell the tale.
Tesla has placed a huge bet on the Chinese market for electric cars, selecting Shanghai for its first new factory. But then there seemed to have been some bumps in the road for Tesla in that country this year. Or not.
First came news that Teslas had been banned from Chinese military installations because their cameras could inadvertently capture classified information. Then there were reports that sales were down significantly, something my colleague Johnna Crider exposed as false a few days ago. Then there was a minor recall for Chinese made Teslas that was a tempest in a teapot.
“The China growth story is the top of the list for Tesla,” Dan Ives, tech analyst with Wedbush Securities, tells CNN Business. “This is their key market. We believe 40% of their sales will come from there next year. I think that’s the linchpin to the stock going up or down.”
Regulatory Credits
One of the constant complaints about Tesla is that it makes more money selling zero-emission credits to other manufacturers than it does selling cars. If its net income for the second quarter exceeds those credits, that will be a significant milestone for the company. “That would throw one of the core bear arguments against the stock out the window,” Dan Ives says. The consensus estimate is that Tesla will report net income of more than $600 million. In the first quarter, it made $518 million from selling credits.
Bitcoin
In February, Tesla said it had purchased $1.5 billion worth of Bitcoin and would allow customers to pay for their cars using the digital currency. In April, the company announced it had netted $101 million from its Bitcoin transactions. The value of digital currencies can fluctuate wildly over short periods of time, which makes professional investors nervous.
For a while, Tesla stopped accepting Bitcoin payments, saying the platform used too much electrical power from fossil fuel sources. But now Elon says Bitcoin may soon be welcome again. Once again, Ives thinks dabbling in Bitcoin is a negative sign that worries investors, much like twisting the tail of the SEC or sparking up a phattie with Joe Rogen. Expect more on this topic to surface during the Q2 earnings call.
Supply Chain Concerns
It’s common knowledge that automakers around the world are struggling to manage a shortage of computer chips, the tiny devices that manage everything from blind spot detection to stability control and adaptive cruise control systems. Tesla is no exception. In addition, demand for lithium, nickel, and other raw materials to manufacture batteries is soaring as more and more manufacturers join the EV revolution. Analysts will be looking for information about how Tesla is managing its supply chains to control costs.
Gigafactories
Tesla is moving full speed ahead to bring its two newest factories in Germany and Austin online while expanding its production facility in Shanghai to produce the Model Y. That’s a lot for any company to manage. It says both Germany and Austin will begin producing automobiles this year before transitioning to full production early next year. Investors will be anxiously awaiting updates on both new factories during the Q2 earnings call.
The Cybertruck
In March, Elon tweeted that there would likely be an update about the Cybertruck during the Q2 earnings call, so we will be paying close attention to any news on that front. Last week we reported that Musk is unconcerned about whether his unconventional electric pickup truck will be a sales hit, saying he likes it even if no one else does. (You either love it or hate it.)
Update probably in Q2. Cybertruck will be built at Giga Texas, so focus right now is on getting that beast built.
With GM, Ford, and now Dodge saying they will have electric pickup trucks of their own soon, and the Rivian R1T set to debut in a few months, it will be interesting to see whether Americans will be able to tear themselves away from the traditional looking trucks they love or whether Tesla will trim its sails to make the Cybertruck more appealing to mainstream truck buyers.
The Supercharger Network
Last week, Musk tweeted, “We’re making our Supercharger network open to other EVs later this year.” Investors will be expecting to learn more about that announcement. Morgan Stanley auto analyst Adam Jonas wrote in a research note afterward, “By 2030, we conservatively estimate Tesla supercharging revenue of $2.9 billion, a figure which does not include any revenue from non-Tesla vehicles.” How much revenue could Tesla get from drivers of non-Tesla electric cars? That’s a question that is sure to be raised.
FSD
Another recent development is an announcement from Tesla that it will soon offer its “Full Self Driving” package on a subscription basis. This could be the biggest marketing bonanza since Coca-Cola decided to sell its elixir in bottles. Decades ago, the auto industry found out that leasing could unlock a torrent of new sales. Perhaps subscription services will have a similar impact on revenue. Lots of people might subscribe to a FSD package who would otherwise balk at spending $10,000 for it up front. People will want to hear more about this.
There will also likely be requests for more info on when the FSD V9 Beta will roll out to all Americans who paid for FSD. The last we heard, the answer was ~2 weeks — but that’s been the answer for ~7 months (if not more).
Tesla Semi
With everything else going on at Tesla, it’s easy to overlook the Tesla Semi that has been gestating for a few years now. Production should be beginning soon and investors will be hungry for details.
Energy Storage
The jury is still out on whether Tesla’s acquisition of SolarCity was a brilliant marketing move that fit perfectly with Tesla’s mission or naked nepotism designed to bail out two of Elon’s cousins (as some people suing Mr. Musk argue), but there is no question Tesla is one of the global leaders in grid-scale energy storage. Elon himself has said he expects energy storage will create as much revenue as Tesla’s car business. This whole topic is usually found somewhere toward the end of the official earnings report, but it is really the key to whether Tesla shares will become more attractive to investors in the short and medium term.
Check back later to see how many topics we guessed right about and which ones came up that we didn’t anticipate. We’re not perfect, but we’re usually pretty darn close about these things.
Africa received its first heavy-duty commercial electric truck this past week, a Volvo Trucks FE Electric garbage truck (waste collector). The electric garbage truck will be the first fully electric heavy-duty truck from a global manufacturer to begin operation in Africa, marking a significant milestone as we move closer toward a sustainable transportation industry globally.
Volvo Trucks is leading the charge toward a cleaner future with a broad lineup of zero-emission heavy-duty electric vehicles.
Founded in Sweden in 1927, Volvo Trucks has a rich history in the truck-making business. The company’s first truck rolled off the line in 1928, and Volvo has been leading the industry to new heights ever since with innovations, such as the three-point safety harness, the first fully integrated sleeper compartment, and unique designs to increase efficiency.
Seeing the progression to fully electric vehicles sooner than many of its counterparts, Volvo Trucks moved the industry forward again, releasing its first electric commercial truck, the FL Electric, in 2019.
Volvo followed it up, unveiling the Volvo VNR Electric featuring a larger battery designed to extend range.
In September, Volvo added three massive 44-ton heavy-duty EV trucks to its portfolio, bringing its total lineup to six, the most extensive in the industry, as it continues to add zero-emission options in different commercial categories.
The company’s trucks are helping companies go electric to reduce emissions and promote a zero-emission global transportation industry across the globe.
Volvo’s most recent electric truck was delivered to Africa. Volvo delivered its first heavy-duty truck to Morocco, a Volvo FE electric garbage truck, which is a big step for both the truck maker and Africa as they move closer to achieving their climate goals.
Volvo FE Electric garbage truck in Morocco (Source: Morocco)
Volvo delivers first heavy electric garbage truck to Africa
In a press release, Volvo said it had delivered a series-produced zero-exhaust emission garbage truck to the city of Rabat in Morocco. Martin Nilsson, managing director of Volvo Trucks Morocco, said:
This clearly shows that zero-emissions trucks have a role to play in many parts of the world.
Volvo’s extensive heavy-duty EV lineup makes electrifying in all parts of the world possible. Arma, a Moroccan waste management company, will use the zero-emission truck to, well, collect waste, of course.
By replacing the existing diesel fleet with a Volvo FE electric during typical routes, Volvo says over 20 tons of CO2 could be saved annually.
The addition is part of Morocco’s unconditional climate goal of reducing emissions by 18.3% by 2030. Volvo is also aiming for 50% of all new vehicle sales to be electric by 2030.
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Tesla is expanding its new sales strategy of using virtual sales advisers with remote test drive locations to Europe.
In the summer of 2021, Electrek exclusively reported that Tesla was implementing a new sales strategy. At the time, we reported that the main changes were that the automaker was moving away from high-rent locations in malls and shopping districts in favor of delivery centers and remote test drives.
The strategy is again focused on online sales, but Tesla has recognized that physical presence is still necessary to enable test drives.
When someone used to place an order for a Tesla vehicle online in North America, the customer was assigned a “Tesla Advisor” at their local store to help manage the process leading up to the delivery.
Instead, Tesla started to assign orders to “virtual sales advisors” not assigned to any specific stores, and customers could go to cheap remote test drive locations with Tesla vehicles in parking lots.
The company has been gradually implementing this new strategy in North America. Tesla has now expanded its strategy to Europe with its first remote test drive hub location in Sweden:
Tesla explains the simple process of using the location:
Book an appointment at http://tesla.com → call us when you’ve arrived → we remotely unlock the vehicle for you & walk you through the basics → test drive for 30 mins → drop off vehicle at the same location.
This enables Tesla to operate these locations with very few staff. The company simply needs to make sure those vehicles stay clean and charged.
When we first reported on the new strategy in 2021, sources told Electrek that Tesla was already seeing some success with the first few locations in the US.
Now that the company is expanding this strategy in Europe, we have to assume that the automaker is happy with it and has decided to implement it in new markets.
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As today is the first official day of spring, you’ll want to get ready to trim your yard up and get it ready for warmer weather with spring and summer parties on the horizon. That’s where CRAFTSMAN’s 14-foot cordless pole saw comes to play. It’s on sale for $129 right now, which is the first major price drop that we’ve seen since last summer when the same deal came around back in May. With no gas or motor oil, this electric pole saw can reach up to 14 feet and take care of branches that need to come down from your tree. We also have a wide selection of Tesla and e-bike discounts in today’s New Green Deals, so you won’t want to miss that either.
Amazon is offering the CRAFTSMAN 20V Cordless 14-foot Pole Chainsaw for $129 shipped. Down from $169, today’s deal marks the first major price drop that we’ve seen since last summer. In fact, it marks the second-best price that we’ve seen since it hit $98 back in July of 2021. Perfect for getting your yard ready for spring, this pole trimmer will get your trees in tip-top shape as the weather warms up. There’s up to 14 feet of reach with the extension pole and you’ll find the angled head and blade allow for reaching where straight trimmers just can’t get to.
The included 4Ah battery pack allows for extended runtime compared to smaller models and there’s a charger included as well so you can always be ready to go. Of course, being battery-powered means no motor oil or gas will be required, and maintenance is minimal. Not sure what you’d need a trimmer like this for? Well, often there are low-hanging branches on trees that can get in the way of proper airflow through the leaves or possibly are hanging off of a branch below precariously. This allows you to trim things up without having to hire a professional service, saving you both time and money this spring.
EGO Power+ 21-inch electric lawn mower now $100 off before spring at $399, more from $228
Amazon is now offering the EGO Power+ 21-inch 56V Cordless Electric Lawn Mower for $349 shipped. Normally fetching $499, you’re looking at the best discount to date thanks to the $150 savings applied today. This clocks in at $50 under our previous mention and is the lowest we’ve seen this year. Powered by a 5Ah battery and rapid charger that are included in the box, this EGO Power+ mower arrives with a cordless design that can tackle medium-sized yards with a 45-minute runtime. Alongside a 21-inch cutting deck, there’s also 3-in-1 bagging features for bagging, mulching, and side discharging cut grass. Spring is right around the corner, making today’s discount a great chance to start off the new season on the right foot with a chance to ditch gas and oil from your lawn care routine while saving some cash along the way.
Also seeing a discount today courtesy of Amazon, the EGO Power+ 18-inch 56V cordless chainsaw is also marked down for one of the very first times. Dropping down to $315.61, this electric offering is now matching the all-time low from the usual $379 price tag. It’s one of the first chances to save since launching last summer, and delivers much of the same integration with the EGO Power+ 56V ecosystem. Perfect for getting all of those suspicious tree branches taken care of as you begin cleaning up the yard from winter this electric chainsaw is also ideal for chopping up the rest of that fire wood that lasted through the past few months, too. Plus, the 14-inch model is also on sale right now for $227.99with the on-page coupon, down from $299 and marking a new all-time low.
Don’t let the lights go out when the grid goes down
The official ALLPOWERS Amazon storefront is offering its S1500 Portable Power Station for $499 shippedonce you clip the on-page coupon. Originally $999, this portable power station fell to $899 in February before hitting $799 earlier this month. Today’s deal marks a new all-time low at $500 off and saves 50% from its normal going rate at Amazon. This portable power station has a lot to offer, with a constant output of up to 1,500W and the ability to peak at 3,000W. There’s four total AC outlets, three 2.4A USB-A ports, and even 100W USB-C PD output. All of this combines to power up to eight devices at one time through traditional plugs, while you’ll also find a 10A cat plug for an additional output option. When it comes time to recharge the ALLPOWERS S1500, it can be plugged into the wall, connected to solar panels, plugged in through USB-C, or even your car’s 12V/24V outlet.
Now that you know what all the ALLPOWERS S1500 has the ability to do, what all could it help you with? Well, a power station like this is great to have around for many reasons. As we head toward summer, and into hurricane season later in the year, there’s a good chance your power might go out. There have already been a number of bad storms across the US so far this year, with many losing power for hours or days. A power station like this that can output up to 1,500W concurrent or 3,000W peak means you can run a refrigerator, freezer, and even your TV and networking gear all without having to use a single drop of gas or oil at home. Plus, this power station can be recharged with solar panels like we mentioned, so when the power is out for an extended period of time, you can still enjoy at least some creature comforts at home.
New Tesla deals
After checking out the CRAFTSMAN 20V cordless 14-foot pole saw on sale above, if you keep read, you’ll find a selection of new green deals that will make your Tesla experience better in multiple areas. From storage to keep recordings on to phone mounts, car chargers, and anything else we can find, it’ll be listed below. Each day we’ll do our best to find new and exciting deals and ways for you to save on fun accessories for your Tesla, making each trip unique. For more gift ideas and deals, check out the best Tesla shop. Keep reading on for e-bike, Greenworks, and other great deals.
New e-bike deals + electric scooter discounts
If you’re looking to get out and enjoy the sunshine still after using your new electric mower, than we recommend you experience it than on another e-bike or electric scooter you just got at a fantastic price through one of our deals and sale below. You can use it for fun, exercise, or even transportation to and from work or the coffee shop. We have several people here that will regularly commute to coffee shops or offices on their e-bike, as it cuts down on fossil fuel usage as well as allows them to enjoy some time outdoors on nice sunny days. Below, you’ll find a wide selection of new e-bike deals and electric scooter deal in all price ranges, so give it a look if that’s something you’d be interested in picking up. As always, the newest e-bike deal and electric scooter discounts and sales will be at the top, so shop quick as the discounts are bound to go away soon.
Additional New Green Deals
After shopping the CRAFTSMAN 20V cordless 14-foot pole saw on sale above, be sure to check out the other discounts we found today. These new green deals are wide-ranging from outdoor lawn equipment to anything else we find that could save you money in various ways, be that cutting gas and oil out of your life or just enjoying other amenities that energy-saving gear can bring. As always, the newest deals will be at the top, so shop quick as the discounts are bound to go away soon.
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