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EV Daily | Tesla Expands Supercharger Network and Shifts Strategy with Cybercab Unveil

Market BriefThursday, Nov 28, 2024 7:00 am ET
2min read
【Tesla】

Tesla is enhancing its Supercharger network with longer cables to accommodate non-Tesla EVs, improving stall availability by updating its software and site designs. Tesla's new software now accurately estimates stall availability, marking stalls as occupied if a non-Tesla vehicle blocks them. Tesla plans to have more long cables within 18 months and encourages automakers to standardize charge port positions. Tesla has introduced a direct charge port defrosting option in its latest software update, allowing selected vehicle models to specifically activate the charge port heater. This aims to mitigate freezing issues experienced in cold weather, previously addressed by broader defrosting functions. Tesla now offers lease buyouts across its vehicle range, diverging from earlier plans of retaining vehicles for a robotaxi fleet. This change indicates a shift from Tesla's prior autonomous vehicle ambitions due to ongoing challenges in achieving full self-driving capabilities. Tesla's new lease-end policy applies to all models, except in Iowa and Louisiana, with a $350 purchase fee. Tesla unveiled the Cybercab, a fully autonomous vehicle without steering controls, intended for release before 2027. The Cybercab, along with a pivot from existing models as robotaxis, illustrates Tesla's evolving strategy in autonomous mobility. This shift responds to the slow progress in achieving full autonomy, originally envisioned for Tesla’s fleet.

【BYD】

BYD is expanding its market reach in Europe with new models after surpassing Nissan and Honda in global deliveries. The company is pushing aggressively into the price war in China, suggesting a focus on maintaining competitiveness while ramping up production. BYD's leaked email indicates planned supplier price cuts to intensify the price war. Despite most sales occurring in China, BYD aims to double exports and expand globally.

【Xpeng】

Volkswagen and Stellantis have partnered with Chinese brands Xpeng and Zhejiang Leapmotor to jointly develop new electric vehicles, signaling increased international collaboration to bolster EV development and market presence.

【Others】

Hyundai is updating its IONIQ 6 with a refreshed design, potentially integrating new ADAS features and a bigger battery for extended range. The updated model is expected to maintain its starting price. Hyundai's IONIQ 5 and IONIQ 9 models are adopting Tesla's NACS port, enhancing compatibility with Tesla Superchargers. Genesis is set to launch its luxury GV90 electric SUV, with features such as coach doors and advanced interior technology. The GV90 aims to compete with high-end brands like Rolls-Royce and Bentley. Production prototypes are being developed for public road testing. Ford plans significant job cuts in Germany, indicating a strategic shift amid slow EV demand and increased competition. This move has sparked backlash, with threats to its operations in Cologne. Ford aims to focus on smaller, profitable EVs with a new platform, although production won’t start until 2027. Maxeon Solar Technologies is refocusing on the US market and putting its Albuquerque solar cell factory plans on hold. The company is selling international assets to TCL Group and aims to start manufacturing in Albuquerque by 2026. Maxeon faces scrutiny over its supply chain amid US Customs and Border Protection concerns.
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Sweet-Block5118
11/28
$TSLA 📢 JUST IN: Deutsche Bank projects record-high EV sales for Nio, Tesla, and BYD in November in China. 🚀🚀🚀🚀 Expect Tesla to rise to $360 tomorrow as yesterday's dips were heavily bought.
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Free-Initiative7508
11/28
$TSLA 420 🤪🫴🏼👑
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provoko
11/28
$TSLA This is a Christmas miracle for sure!
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Defiant-Tomatillo851
11/28
$TSLA It's insane!
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Ben280301
11/28
$RIVN https://supercarblondie.com/guys-tested-tesla-cybertruck-and-rivian-r1t-on-range-side-by-side/ The Rivian R1T outperformed the Tesla Cybertruck in terms of range by a significant margin.
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Mojojojo3030
11/28
I'm genuinely curious about the potential for future stock returns. I'm not holding any particular hope for a return on my investments, but I am curious about the overall valuation of the stock market. I thought I'd throw out a few points for discussion. It seems like almost every asset on the planet has gone up in value, and I'm wondering where future returns are supposed to come from. Let's start with the obvious argument that we're in a massively overvalued stock bubble. Dogecoin is worth more than Nintendo, Palantir trades at almost 60x revenue, Tesla is worth $1.1T, and the list goes on. I think it's clear to everyone that these assets are disconnected from reality, but the bubble seems to extend far beyond just a few outliers. Even looking at the biggest companies in the world, the multiples are staggering. Apple is a few hairs away from 40x earnings, Walmart trades at almost 40x earnings, Costco sells at almost 60x earnings, and Eli Lilly commands an 85x multiple as an entry price. ServiceNow trades at almost 175x GAAP eps. It's hard to believe, but I remember a time when these companies weren't worth this much. Nvidia has had an incredible financial success story, but they would need to find another $80 billion in annual earnings to keep up the pace. And all of this is happening while the 10-year yield is close to 4.5%! I like Walmart and Costco, they're good companies with a sticky business model, but Walmart does $700b in revenue with 3% operating margins, and the current EPS yield is barely 2.5%. Where is the growth going to come from? And even if earnings were to skyrocket, the multiples are so stretched that even 10% yearly EPS growth may leave bulls without a return until 2034. The current CAPE-ratio is only higher during two times in history: 1929 and the dotcom bubble. While this is somewhat cliché, it's hard to argue that owning these stocks nets you much. People are betting on the possibility of even higher multiples in the future, but I'm not sure this is sustainable. As a value investor, I can say that this bubble must end and it's time to hedge, but I also know that shorting this ridiculous market will get you ground to a pulp by the endless liquidity pouring into the market. What do you guys think? Is the stock market about to pull a Nikkei and leave us all grinding our teeth until 2040 before a new high is set?
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OhShit__ItsDrTran
11/28
$TSLA Who here has seen Tesla's new Optimus hand? 🤗
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themagicalpanda
11/28
$TSLA Preparing for Thanksgiving by sharing with my family that my Tesla autonomously completed a 5-hour drive. https://x.com/kylaschwaberow/status/1861937295211053294?s=46&t=0O67ydk467-3_Yba2ffJqw
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RamBamBooey
11/28
Tesla's pivot to lease buyouts makes sense. Autonomous dreams delayed, but Cybercab's a bold step. 🚀
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scccc-
11/28
Maxeon focusing on US market makes sense with the solar cell factory. But supply chain issues might be a headache. Keep an eye on this one.
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Sorry-Palpitation-70
11/28
Xpeng collab with VW, big win for EV future
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Keroro999
11/28
BYD's price war strategy in China is wild. They're not playing games. Anyone else think they'll dominate globally soon?
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PvP_Noob
11/28
Tesla's pivot to lease buyouts could mean more used EVs on the market, potentially boosting resale value. 🚀
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foo-bar-nlogn-100
11/28
Hyundai's IONIQ 6 update sounds solid. New ADAS and bigger battery? Could be a winner. Anyone considering a switch?
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Historical_Ebb_7777
11/28
Cybercab sounds wild, but will it really roll out?
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