Elon Musk Unveils Tesla's 2023 Investor Day - Live Stream

Powertrain and Factory Innovations

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  Tesla's powertrain engineering team creates cars that are not only the fastest for the money, but also highly efficient, with motors as powerful as jet engines.
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  Tesla continuously improves their powertrain and factory, with the Model 3 and Y powertrain being 20% lighter, using 25% less heavy rares, and the powertrain factory being 75% smaller and 65% cheaper than the original one, all without compromising the performance and range of their cars.
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  Tesla has developed custom software that allows them to quickly iterate through millions of possible drive unit designs, resulting in high-performance and efficient products.
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  Tesla utilizes OTA updates and data insights to iterate quickly on software and hardware design decisions, such as removing the sunroof based on customer usage data and using collision data to improve crash safety systems.
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  Tesla implemented a fully automated assembly line in less than eight months, resulting in a 99% reduction in labor force and a significant increase in quality.
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  Tesla has been able to significantly increase their production speed, going from taking 12 years to build the first million vehicles to building the fourth million in less than seven months.

Sustainability and Future Vision

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  Elon Musk believes there is a clear path to a fully sustainable Earth with abundance, supporting a civilization much bigger than the current population.
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  Tesla's focus on all aspects of delivering stationary storage, including innovative design features and industry-leading power electronics, positions them as a leader in the sustainable energy economy.
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  Auto bidder, an autonomous energy trading platform, helps optimize battery storage by making hundreds or even thousands of real-time decisions every five minutes to maximize value and take advantage of the battery's versatility.
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  The use of the Tesla operating system has allowed Tesla to increase performance, add capabilities, and reduce costs on a per car basis, while also expanding into other areas such as captive insurance and enabling real-time data reporting for better operational adjustments.
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  Elon Musk discusses the importance of reducing the cost of storage and bringing flexible load to the grid to accelerate the deployment of renewables, highlighting Tesla's focus on making renewables more valuable through low-cost storage solutions.

Autonomy and Artificial Intelligence

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  Tesla has made significant strides in building a scalable self-driving system by using AI machine learning neural networks that take in live feeds from the car's eight cameras to produce a unified 3D output space.
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  Tesla's FSD beta software has already been shipped to approximately 400,000 customers in the US and Canada, and users of FSD are already five to six times safer than the national average.
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  ️ Tesla's custom-designed actuators for the humanoid robot demonstrate their ability to bring a useful product to market at scale faster than anyone else in the industry.
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  Tesla's success in managing its supply chain lies in its involvement in all the details, including working closely with supplier engineers and managing each and every attribute, even during challenging times like the chip shortage and the pandemic.
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  "As autonomy is effectively turned on for the fleet, it may be the biggest asset value increase in history overnight." - Elon Musk

Advancements in Electric Vehicles

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  ️ As battery energy density improves, all cars will eventually go fully electric and autonomous, making non-autonomous gasoline cars as outdated as riding a horse and using a flip phone.
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  Tesla Model 3 is four times more efficient than a Toyota Corolla in terms of well-to-wheel energy usage, highlighting the advantages of electric vehicles.
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  Despite the challenges, the Model 3 became the best-selling EV ever, highlighting the success of Tesla's efforts in creating a more affordable and desirable electric vehicle.