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if we're able to have a fleet of several million vehicles that with a software update can be potentially worth several times their original value, that's – that will be – if that happens, that will be the – and I think it will happen, that will be the biggest asset value increase in history, I think
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2023 Q1
26 May 23
autopilot-related deferrals
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2023 Q1
26 May 23
warranty adjustment
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2023 Q1
26 May 23
automotive gross margin was impacted by a few factors since our discussion on the last earnings call, which include additional action taken in the second half of the quarter to improve vehicle pricing and one-time items, most notably warranty adjustments on older S and X vehicles as well as increased deferred revenue for certain Autopilot features as we transition technologies
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2023 Q1
26 May 23
only a small percentage of cars don't have Hardware 3
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2022 Q4
26 May 23
we believe that we'll be above both of the metrics that are stated in the question, so 20% automotive gross margin, excluding leases and rent credits and then $47,000 ASP across all models
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2022 Q4
26 May 23
About the other half of the miss in Q1 was attributed to things that are nonrecurring.
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2023 Q1
26 May 23
About half of the miss against that previous conversation last quarter is attributed to adjustments we made in pricing in the second half of the quarter.
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2023 Q1
26 May 23
there will be a like a Model 3 or Model Y would be a robotaxi, a robotic taxi
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2023 Q1
26 May 23
all of the vehicles that have Hardware 3, which is the vast majority of our fleet, we believe will achieve full autonomy
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2023 Q1
26 May 23
We will have, by far, the most lithium refining capability and the most cathode refining capability in North America, I think, probably more than everyone else combined by a lot.
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2023 Q1
26 May 23
at Tesla, we're building our lithium refinery capability at Corpus Christi and our cathode refinery outside Austin
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2023 Q1
26 May 23
on the lithium front, to emphasize, the choke point is more -- much more on refining capacity than it is on mining
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2023 Q1
26 May 23
We are seeing, as Elon mentioned, quite a bit of softening in the lithium carbonate market. This was -- six months ago, we were trading at like $85,000 a ton, and today's spot price is about 26%.
So there's been a dramatic decrease in that.
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2023 Q1
26 May 23
the price of lithium has dropped significantly
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2023 Q1
26 May 23
Altogether, the team accomplished a 25% reduction in COGS over the quarter, and we are on track to achieve steady-state cost targets over the next 12 months.
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2023 Q1
26 May 23
Structural pack, we saw big improvements with pack manufacturing with the 4680 cell and the structural pack concept, 50% lower CapEx and 66% smaller factory for the same output in gigawatt hours per year.
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2023 Q1
26 May 23
On cathode production, we are 50% equipment and 75% utilities installed at our new cathode building in Austin
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2023 Q1
26 May 23
The refinery uses the sulfate-free spodumene refining process with reduced process costs, no acid or caustic reagents, lower embodied energy
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2023 Q1
26 May 23
our Corpus Christi Lithium refinery breaks ground this May
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2023 Q1
26 May 23