The Tesla Model X is a large electric car that doesn't use gas, which means it runs on batteries instead. It's famous for its unique doors that open upwards and has a lot of cool tech inside, making it a popular choice for families who want an eco-friendly vehicle. The news about it being discontinued shows that Tesla is changing its focus on different models.
The Tesla Cybertruck is a new electric truck from Tesla that looks very different from regular trucks. It's made to be tough and can do many things, like carry heavy loads.
Fully autonomous vehicles are cars that can drive by themselves without anyone needing to control them. They use special technology to see and understand their surroundings.
Battery life is how long a battery can work before it needs to be charged again. In electric cars, this is important because it affects how far you can drive before needing to recharge.
EV means electric vehicle. These cars run on electricity instead of gas, making them better for the environment. They are getting better and more common as technology improves.
Battery degradation means that over time, a battery can hold less charge and won't last as long. This is important for electric cars because it affects how far you can drive before needing to charge again.
Battery technology is about how batteries are made and improved. Better battery technology means electric cars can go further and charge faster than before.
Electrification means changing cars and systems to run on electricity instead of gas or diesel. This is happening a lot in the car industry to help the environment and follow new rules.
Volkswagen is a well-known car brand from Germany that makes many types of vehicles, including electric cars. They are famous for their quality and engineering.
Electronic architecture is like the brain of a car that controls all its electronic parts, such as navigation and entertainment systems. It helps the car work better and allows for new technologies.
Grand Turismo is a famous video game series where players can race cars. It's known for being very realistic and has many different cars to choose from.
Car
Shaomi SU7 Ultra
The Shaomi SU7 Ultra is a car from China that is now part of a popular racing video game. This shows that Chinese cars are becoming more recognized worldwide.
BYD is a car company from China that makes electric cars and batteries. They are growing quickly and becoming more popular around the world.
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Speaker 1: This is autoled Daily, the show dedicated to enthusiasts of the global automotive industry. In a significant pivot away from
its retail automotive business, Tesla will scrap its Model X and S next quarter. Elon Musk says the factory space
in Fremont, California that makes those cars will now be dedicated to making humanoid robots, with the goal of making a million a year. The company will also invest heavily
in robotaxis, AI and microprocessors.
Speaker 2: On top of the humanoids.
Speaker 1: Elon Musk announced that Tesla will spend a staggering twenty billion dollars in CAPEX this year, noting the company can easily afford it because it has forty four billion dollars in cash and equivalents. This is all part of musnew
vision for Tesla, which is focused on what he calls a quote epic future of amazing abundance where everyone earns a universal high income. Meanwhile, Tesla posted a significant drop
in sales, revenue, and profits for twenty twenty five. Sales
dropped over eight percent, revenue fell ten percent, operating income fell thirty eight percent, and net profits plummeted forty six percent.
But investors shrugged off the bad news and focused on the future. As a result, Tesla stock was up almost
two percent in pre market trading.
Speaker 2: But we'll have to watch how it goes for the full day.
Speaker 1: And here's some of the other nuggets that came out of the earnings call. Tesla will start cybercab production in April,
and Must says that over time it'll make five to ten times more cybercabs than all its other vehicles combined, and cybercabs will also come in several shapes and sizes.
Tesla will no longer concentrate on vehicle sales.
Speaker 2: Instead, it will.
Speaker 1: Focus on how many miles of travel it captures. The
long awaited roadster will quote hopefully go into production in April.
The cyber truck assembly line in Texas will be converted to make fully autonomous vehicles, and Must suggest that those fully autonomous vehicles will be cargo vehicles for local delivery in cities. Optimist three production will not start until the
end of this year. And lastly, Tesla will build a
quote tear a fab in the US to make its own computer chips to protect supplies in the future. Musk
warns that people are quote underweighting the geopolitical risk that the world faces in a couple of years, and we would sure like to hear elon expand on what he means by that. One of the things holding back some
people from buying an EV is concern over battery life, but according to a new study from Recurrent, that shouldn't be a worry at all. Using its telematics tools, over
the last five years, Recurrent has documented more than a billion miles of real world driving along with charging data from over fifty thousand vehicles, and it shows that battery replacements are becoming rarer. Only two percent of evs built
between twenty seventeen and twenty twenty one needed a new battery, and for evs made after twenty twenty two, the number drops to just zero point three percent of cars. However,
those numbers don't include recalls. But moving on to degradation
and EV from twenty twelve, with more than one hundred and fifty thousand miles on it still retains eighty one percent of its range, while in EV from twenty twenty three still has ninety.
Speaker 2: One percent of its range.
Speaker 1: That difference is thanks to improvements in battery technology and as a result, Recurrence says it doesn't expect new evs to have any battery issues for fifteen years.
Speaker 3: The automotive and industrial sectors are undergoing an historic in electrification, digitalization, supply chain reinvention, regulatory shifts. The pace is accelerating and
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Speaker 1: Matters, Volkswagen's own division CAREAD failed at developing a next gen electronic architecture for the company, which is why it invested billions into Rivian and also teamed up with Chapung in China. Now just a year and a half from
the first concept, VW is launching its first software to find vehicle that's based on its new CEA or China elect Electronic Architecture. The model, called the ID Unique zero seven,
is a small crossover, but the CEA will also spread to four other A and B segment models from VW's various Chinese joint venture partners. This year, and while some
automakers are only developing their software to find architectures for evs, Volkswagen will use its for IC, hybrid and fully electric vehicles.
On top of going from concept to production in eighteen months, which is the fastest that VW has ever developed a new electronic architecture. CEA also allowed VW to slash overall
vehicle development cycles by up to thirty percent, to reduce the number of control units by around thirty percent, and to cut new model development costs by up to fifty percent.
Customers will benefit from things like faster computing, advanced AI functions, hands free driving, and full vehicle over the air updates.
Sunday and Kia were hit hard by US tariffs last year.
Hyundai says the teriffs cost it two point eight billion dollars, while Kia says they cost them two point three billion and it's possible it could get worse this year. Earlier
this week, President Trump threatened to raise tariffs on South Korean imports from fifteen to twenty five percent because Korea's parliament still hasn't approved a trade deal the two countries reached last year. According to Bloomberg Intelligence estimates, raising the
tariffs by ten percent could cost Hondi and Kia another three billion dollars this year. Toyota is expanding its global
sales lead over the Volkswagen Group for the six year in a row. Toyota is the top automaker in the world.
It sold eleven point three million vehicles last year, up four point six percent from the year before, including its subsidiaries Daihatsu and Hino. Meanwhile, the VW Group sold nine
million vehicles in twenty twenty five, down half a percent.
Toyota is also well ahead of its Japanese rivals. Honda's
sales tumbled seven and a half percent last year to three and a half million units, and Nissans sold more than three point two million vehicles globally last year, down four point four percent. Automotive manufacturing in England last year
fell to seven hundred and thirty eight thousand vehicles, its lowest level since nineteen fifty two, and now comes reports that Chinese automaker Cherry is interested in using open capacity at Jaguar Land Rover.
Speaker 2: Plants to make cars.
Speaker 1: JLR has three assembly plants in the UK, and with Jaguar aiming to move upscale at much lower sales volume, it will definitely have open manufacturing capacity. For the first
time ever, Chinese cars will be featured in a Grand Turismo video game. The Shaomi SU seven Ultra is now
available in Grand Turismo seven and officially making it the first Chinese car in the game, but the yang wang U nine Extreme from BYD will also be available at some point as well, and we think it's a significant step for Chinese automakers that will help give them more recognition worldwide, especially with younger generations who will now grow up with Chinese cars as part of the normal landscape.
And before we go, don't forget to tune in to Auto Line after hours Today John and Gary want to get into Chinese cars, going to Canada, the nearly Invisible Detroit Auto Show, and the future of automotive interiors. Catch
the action live today on our website or YouTube channel at three pm Eastern Time. But that's a wrap for
this show and I hope to see you later today.
Speaker 4: Auto Line Daily is brought to you by alex Partners.
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About this episode
Tesla is making a bold shift by scrapping its Model S and X to focus on AI and robotics, with plans to produce humanoid robots and cybercabs. Despite a significant drop in sales and profits, Elon Musk's vision for Tesla emphasizes a future of abundance and heavy investment in technology. Meanwhile, a study reveals that EV battery degradation is improving, with replacement rates dropping significantly. Toyota continues to lead global sales, while Volkswagen accelerates its electronic architecture development. The episode also touches on the impact of tariffs on Hyundai and Kia, and the introduction of Chinese cars in video games.
- Tesla Scraps Model S and X - Tesla's Profit Plummets 46% - Tesla to Build Own Chips Amid Geopolitical Risk - EV Battery Degradation Lower Than Expected - VW Launches New SDV Architecture in China - U.S. Tariffs Cost Hyundai and Kia Billions - Toyota #1 Automaker Again - China's Chery Eyes Underused JLR Plants - Xiaomi 1st Chinese Brand in Gran Turismo
