22/09/2020

Tesla released 2019 fourth-quarter earnings and surpassed financial expectations on revenue and had $105 milli

Tesla released 2019 fourth-quarter earnings and surpassed financial expectations on revenue and had $105 million in profit.
The biggest new news is that Tesla already building and delivering model Y cars.
Before Q3 2019, Tesla was talking about late 2020 and then updated it to mid-2020 in the Q3 call. Now Tesla announces that Model Y is here.
They also indicated that Model Y will have 315 miles of range. This is higher than the 280-mile range that was the old target.
They have record Q4 storage deployment of 530 MW which was a 26% solar growth QoQ.
Due to strong initial customer response in China, Tesla’s goal is to increase Model 3 capacity even further using existing facilities.
They have already broken ground on the next phase of Gigafactory Shanghai. Given the popularity of the SUV vehicle segment, they are planning for Model Y capacity to be at least equivalent to Model 3 capacity.
Autopilot & Full Self Driving (FSD)
To date, Tesla vehicles have driven over 3 billion miles in Autopilot mode. As our fleet grows, Autopilot miles increase exponentially, adding yet more data to our neural net.
All Tesla vehicles with the FSD computer have been updated with new software that can better detect new details in their environments, allowing us to show various lane markings, traffic lights, stop signs, cones as well as other vehicles and road users. Understanding the environment around a Tesla is key to enabling our cars to react to traffic lights and stop signs and take intersections through city streets. They are currently validating this functionality before releasing to customers, and they look forward to its gradual deployment.
Vehicle Software
In Q4, Tesla launched premium vehicle connectivity in the US for $9.99 (plus tax) per month. This enables customers to stream music or videos, browse internet or see live traffic through an embedded connection.
Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You.  He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech,  agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.