LNG: TESLARATI

Recent spy videos of the upcoming Tesla Model Y have shown the all-electric crossover ripping through the Fremont factory’s test track like a supercar, despite rain and heavy winds. The speed of the Model Y is quite astounding, considering that its Performance variant has the most conservative specs among the vehicles donning Tesla’s “P” branding. 

Two videos of the Model Y in Fremont’s test track were recently shared online. One, which featured a whole minute of the crossover gliding smoothly over the closed circuit, was filmed from a distance. Despite this, one can feel the hard acceleration of the Tesla Model Y as it launched from a dead stop. It remains unknown which variant of the Model Y was used for the session, but it would not be a surprise if it was a Performance version, considering its almost supercar-esque acceleration. 

Was Trip Chowdhry really filming this on Saturday? Or was it Sunday? I caught a mY on the track doing a lap on the 8th and it was hardly windy or rainy. Trip’s video looks oddly similar to the conditions when I was here: overcast and slightly wet but drying. You be the judge. https://t.co/w4UNng7Hbn pic.twitter.com/Hm42IXrHzP

— 🔎 (@ksumnole420) December 10, 2019

Apart from the aerial shot of the all-electric seven-seat crossover, a closer view of the Model Y’s trip to the track was shared by Global Equities Research analyst Trip Chowdhry, who recently visited Tesla’s Fremont facility for a factory check. The analyst noted that he saw the Model Y for the first time during the December 7 visit, and it was also the first time that he saw the vehicle at the track. 

In a statement to Street Insider, Chowdhry stated that the Model Y was going at “super-high speeds during rain and heavy winds.” This was evident in his short video, which showed overcast skies and an all-electric crossover that was unforgivingly accelerating (seemingly) at full speed. Overall, Chowdhry came away from the sighting impressed, stating that what he saw was a “significant” development.

The Global Equities Research analyst stated that the Model Y’s full speed track sessions hint that the development of the upcoming vehicle is going as planned. Chowdhry added that he sees the Model Y becoming a significant revenue contributor for Tesla in the second half of 2020. The analyst’s observations seem to go in line with other sightings of the all-electric crossover in the United States. From CA to OH, the Model Y has been spotted in its different versions, including a Dual Motor AWD unit that was spotted with a tow hitch. 

The Model Y could very well be Tesla’s dark horse for the coming year. The vehicle’s unveiling was understated, and Elon Musk gave a pretty conservative estimate on its first deliveries, stating that first handovers to customers will likely begin in Fall 2020. In the Q3 2019 Update Letter, Tesla announced that Model Y development was ahead of schedule, and that first deliveries will likely be held on Summer 2020 instead. Considering all these sightings and track tests, it would not be surprising if the Model Y’s deliveries end up being even earlier than expected.

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Tesla Gigafactory 4 may have its own train station, based on recent reports from Germany.

German publication Bild recently shared what appeared to be the layout of Gigafactory 4, which will be built in Brandenburg, a town roughly an hour east of Berlin. The image depicted several parts of the upcoming facility, including its battery and drivetrain assembly, seat assembly, and final assembly area. It also showed a train station and a possible Autobahn exit.

Tesla has not confirmed if Bild‘s information about Gigafactory Berlin is accurate, but if it holds water, the upcoming facility may very well prove to be one of the company’s most efficient factories yet. A train station provides the company with easy transportation of cargo and materials, while access to the Autobahn will allow easy deliveries of vehicles. Workers from nearby cities would likely find it easier to get to the facility as well.

that’s interesting, a new 🚉 train station.
and a new AUTOBAHN 🚗 north of the site..😳👍#Gigafactory4 #Gruenheide pic.twitter.com/ToCerOJg9K

— #Gf4 #Gigafactory4 (@Gf4Tesla) December 11, 2019

Below is a quick translation of the labels on the factory layout above as shared by Twitter user @xDreamCoding.

1 battery and drivetrain assembly
2 seat assembly
3 final assembly
4 paintshop
5 central supplybuilding
6 high rack warehouse
7 wastewater treatment
8 body shell
9 plastic stamping and foundry
10 new trainstation
11 test track
12 delivery and collection
13 staff parking lot

— Dr Eam Co Ding (@xDreamCoding) December 11, 2019

Recent job postings hint that the electric car manufacturer may plan to produce its own battery cells in the upcoming facility. According to the listing, Tesla is looking for a senior process engineering lead who will be able to help create “novel detailed designs for a wide range of systems from electrolyte to high purity water, involving unit operations such as pump and compressor systems, reverse osmosis, distillation, heat transfer fluid systems, etc.”

The plans to build the Gigafactory 4 were first revealed by Tesla CEO Elon Musk in November when he visited Germany to attend the Golden Steering Wheel Awards. Latest reports suggest that Tesla will build around 500,000 units annually in the 741-acre European facility with a focus on the Model Y crossover and the Model 3 sedan.

The purchase contract for the Gigafactory Berlin site is expected to be completed before the end of the year with a meeting of the Finance Committee set to be held as early as Dec. 17 or 18, according to Katrin Lange, Finance Minister of Brandenburg. Brandenburg Mayor Arne Christiani has also welcomed the developments, stating during an interview that Gigafactory 4 is “a unique opportunity for the region and for Brandenburg.”

The local government has also formed a special task force to ensure that the project proceeds smoothly and quickly.

Local newspapers reported that the electric vehicle maker will be pouring  $4.41 billion into the factory that will also help boost the country’s economy. The new facility is expected to create 3,000 jobs initially, eventually ramping all the way to 8,000.

H/T to Mikel Muller

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Tesla has a new convert as tough critic Jim Cramer of CNBC’s Mad Money turns from an agnostic skeptic to an outright bull on the electric carmaker’s stock (NASDAQ:TSLA). The Mad Money host declared that he is now a true believer in Tesla, which he classifies as a battleground stock.

“All my career I have been fascinated by companies with vociferous bulls and ferocious bears, if only because they can be so entertaining,” Cramer said.

For the uninitiated, battleground stocks are those that attract strong, polarizing opinions from different sides. “First, they are cultish, meaning that there are people who love the product, not the earnings and the product transcends simple analysis. You can’t put a price to earnings ratio on cool, on but you might buy cool and therefore want to buy the stock. That had been my stance for years on Tesla,” said Cramer.

Cramer shared a story of how his wife and daughter helped convinced him to believe in Tesla. About three months ago, his daughter drove a Model 3 from Oregon to San Francisco. Within 100 miles of the 600-mile trip, he was surprised to get a call from his daughter, who was raving about how it was nice being behind the wheel of the electric vehicle. His daughter told him to “buy one.”

On another occasion, Cramer was with his wife and they tried a Model X following an endorsement from another couple. He confessed that he adored the Falcon Wing doors and the quality of the drive. Cramer’s wife also convinced him to buy Tesla’s Solar Roof. The unveiling of the Tesla Cybertruck also caught the attention of Cramer. While he labeled the press conference as close to a disaster following the vehicle’s failed “Armor Glass” demo, the demand following the unveiling of the all-electric pickup truck stunned the TV personality.

The second issue, according to Cramer, about battleground stocks is their financials. “The really Verdun-like slugfests tend to have terrible balance sheets, ones that can’t be fixed by simple operating earnings and instead need genuine manna from heaven to cure themselves of the concerns,” Cramer said.

However, he consulted one of the most skeptical CFOs in the world, who said this about Tesla. “The company could raise two billion dollars in a heartbeat,” he said. Cramer took note of how even TSLA bears recognize that Tesla may have a breakout as soon as next year.

Lastly, the former hedge fund manager considered how battleground stocks tend to have charismatic leaders.

The Mad Money host weighed in  how Tesla CEO Elon Musk fascinates him. “He’s a walking charisma machine, alternately entertaining and fun-loving and critical to the point of scathing, like someone else I know, yours truly. Sometimes I think he gives me a run for my money as the most sincerely insincere man in North America, other times he’s just a worldwide true believer,” he said.

Cramer dislikes Musk for tweeting like crazy and how the Tesla CEO taunted analysts, though he stated that he has since tempered down his stance. “All of that ended though when he agreed as part of some weirdo SEC ruling to stop the incendiary tweeting and, on the last conference call he revealed his true rigor without the sardonic quips. That made me realize that he will have no problem negotiating with either the Chinese government for his Gigafactory built in record time or the coming gargantuan German factory for that matter,” Cramer noted.

To end, the Mad Money host summarized his points, “So, cult product? Check. Balance sheet? Check. Leader? Check. If you’re going to invest in a battleground stock, TSLA has all the ingredients of a winner.”

As Cramer announced his conversion to a TSLA believer, others have corroborated his analysis. ARK Invest founder and CEO Catherine Wood foresees Tesla stock to at least double by 2024. “We have our ‘bear price,’ five-year target as $700. That would be if they lost two-thirds of market shares and had no autonomous vehicles,” she said in an interview.

Last month, Canadian businessman and Shark Tank judge Kevin O’Leary, who has also been critical of Tesla stock, also changed his stance and invested in the electric car maker after seeing a potential path to profitability.

TSLA stock has also been showing some strength following the positive reports from China hinting that the deliveries of Made-in-China Model 3 units are imminent. Interest in the Tesla Cybertruck has also remained strong weeks after its unveiling.

On Wednesday, Tesla shares closed at $352.70, gaining 1.11%.

Here’s the full video of the Mad Money segment where host Jim Cramer explained how he became a true believer in Tesla:

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

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SpaceX’s Cargo Dragon has successfully rendezvoused with the International Space Station (ISS) as part of NASA’s CRS-19 resupply mission, marking what is almost certainly the spacecraft’s second to last orbital launch.

On December 5th, new Falcon 9 booster B1059 lifted off from SpaceX’s LC-40 Cape Canaveral Air Force Station (CCAFS) launch pad with a fresh upper stage and twice flown Cargo Dragon capsule C106 atop it. A little over nine minutes after launch, B1059 prepared to be robotically secured on drone ship Of Course I Still Love You (OCISLY) while Cargo Dragon – now in orbit – separated from Falcon 9’s upper stage and headed on its merry way.

Cargo Dragon’s 20th orbital mission and 19th trip to the ISS, CRS-19’s twice-flown spacecraft commanded the deployment of its two solar arrays, primed its Draco maneuvering thrusters, and opened up its Guidance, Navigation, and Control (GNC) bay. Using star trackers, inertial measurement devices, and lasers, Dragon then proceeded to precisely deliver itself to the ‘door’ of the space station before gradually approaching.

Astronauts aboard the ISS then manually guided Canadarm2 – a massive robotic arm externally attached to the space station – towards Cargo Dragon as it used its thrusters to essentially hover in place, ultimately grabbing the spacecraft with a sort of mechanical hand. At that point, Dragon effectively became a part of the ISS and astronauts monitored the subsequent (and mostly automated) process of using Canadarm2 to fully berth spacecraft with the station.

After berthing, astronauts are able to equalize the pressure between the ISS and visiting spacecraft and open the hatch, gaining access to whatever cargo it was loaded with prior to launch. Alternatively, visiting vehicles can also dock with the International Space Station, a process controlled entirely by the arriving spacecraft, a bit like berthing but with almost all of the risk on its shoulders. All Russian spacecraft currently use this method, as do Boeing’s Starliner and SpaceX’s Crew Dragon.

As it turns out, CRS-19 – partially hinted at in the name – is the second to last launch of SpaceX’s Dragon 1 (Cargo Dragon), which become the first commercial spacecraft capable of reentering Earth’s atmosphere in 2010 and rendezvousing with a space station in 2012. Five months later, SpaceX launched CRS-1 – its first operational resupply mission – and the rest is (more or less) history.

In the seven years since CRS-1, Cargo Dragon – including CRS-19 – has now flown 18 successful space station resupply missions and delivered more than 90,000 lb (50,000 kg) to its ever-changing crew of astronauts. Cargo Dragon has undergone at least two significant upgrades and suffered its fair share of mishaps, but has still successfully completed its mission every time it reached orbit.

NASA’s CRS1 SpaceX contract ultimately called for a total of 20 Cargo Dragon missions to the ISS, although more could technically be added retroactively if both entities were to decide they were needed. Currently, the plan is for CRS-20 – Cargo Dragon’s next launch – to be the spacecraft’s last orbital mission and is scheduled no earlier than March 2020.

After CRS-20, SpaceX – via its subsequent CRS2 NASA contract – means to introduce a version of Crew Dragon (Dragon 2) modified for cargo-only missions, optimally taking flight-proven Crew capsules and reusing them as Cargo Dragon 2s.

SpaceX recently revealed that the first Cargo Dragon 2 spacecraft will unexpectedly not feature Crew Dragon’s complex SuperDraco abort system, a feature that has recently created several roadblocks. However, this dramatically simplifies Dragon 2 and means that SpaceX is still quite confident that the upgraded cargo spacecraft will be ready for its launch debut next year.

Known as CRS-21, that mission will see SpaceX’s CRS launches move from LC-40 to Kennedy Space Center’s LC-39A pad in order to enable extremely late and convenient cargo-loading via Pad 39A’s Crew Access Arm (CAA), to be primarily used by astronauts boarding Crew Dragon. Similarly, Cargo Dragon 2 will dock with the ISS instead of using Dragon’s current berthing route, nominally requiring less hands-on astronaut time for each resupply mission.

Cargo Dragon will be missed but will forever remain a major piece of commercial spaceflight history. Dragon 2 will likely toe the line for the first half of the next decade, but SpaceX ultimately wants to get its generation Starship launch vehicle online as soon as possible – a feat that will make all Falcon and Dragon vehicles redundant if things go as planned.

Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes.

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Tesla will reportedly up the prices of imported Model 3 vehicles in China starting in January 2020.

The move affects imported Model 3 Performance and Model 3 Long Range that is currently priced in China at roughly $72,400 and $62,500, respectively, according to a report by Reuters quoting unnamed sources.

The price increase comes amid news that Made-in-China (MIC) Model 3 first customer deliveries are imminent and this strategy can be seen as a way to encourage the greater Chinese electric vehicle market to purchase the more affordable and locally-assembled Model 3 units.

Earlier reports say that Tesla plans to sell the MIC Model 3 units for $50,000 while government subsidies can potentially save consumers around $3,500 after China’s Ministry of Industry and Information Technology included two variants of the Model 3 on the list of new electric vehicles qualified to receive incentives. The locally-made Model 3 units will most likely be Model 3 Standard units that do not come without Autopilot and a Standard Range Plus that comes with basic Autopilot.

As Tesla China prepares initial deliveries of locally-made Model 3 vehicles, the electric car manufacturer updated its China-specific Model 3 configurator and removed the phrase in Chinese that reads “MIC Model 3 is subject to regulatory approval.”

Prior to the website update, transport trucks carrying MIC Model 3 units were seen leaving the Gigafactory Shanghai where they are produced. The parking lot of the production facility also quickly filled up with Model 3 days after Tesla secured a permit to sell.

Gigafactory 3 construction started in January and Tesla was able to ready its production lines after 10 months and in November, Tesla released the first official images of MIC Model 3 units sporting a badge in Chinese characters that mean Tesla on its left rear while donning a Model 3 bad on the right rear.

Tesla’s entry into China, the biggest automotive market in the world, serves as an acid test to CEO Elon Musk who wants to prove that the brand can sustain profitability in the global market.

In 2017, Chinese consumers bought 777,000 electric vehicles and these numbers jumped to  1.1 million in 2018, or roughly more than 55 percent of EVs sold across the globe. While the sales of electric cars in China dropped earlier this year, the sales of automobiles will rebound come 2020 as automakers including, Tesla, roll out new products and as more supportive government policies come into play. Local manufacturers see the entry of China as a catalyst to lure in more consumers to the electric vehicle segment.

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Tesla owners may soon have HBOGo, HBO Now, Comedy Central, Twitch, Crunchyroll, and a number of other streaming apps in their in-car entertainment system. Tesla owner and hacker @greentheonly spotted the unused assets in the carmaker’s operating system and he’s predicting that these streaming apps may roll out in an upcoming software update, perhaps sooner rather than later.

Aside from the streaming apps mentioned above, the links also include video game streaming platforms Twitch and Mixer, and there are also Chinese video streaming services such as Tencent, YouKu, and iQiyi. Green also spotted Monty Python, which already pops up as an Easter Egg with V10 provided that Tesla owners rename their vehicles after characters in the iconic comedy franchise.

As Tesla continues to bolster its roster of games and video streaming apps, the electric car maker is creating an ecosystem for in-car entertainment that will only scale into the future. Beyond the benefit of creating an additional revenue stream from a ‘Premium Connectivity’ subscription plan, having popular consumer services easily accessible will emphasize an unparalleled level of in-car entertainment experience.

Just realized something pic.twitter.com/aHxpRyv24g

— green (@greentheonly) December 10, 2019

With the release of more streaming services for Tesla’s in-car entertainment, users will likely consume more data on the go, and this is where Tesla’s new “Premium Connectivity” service becomes pertinent.  While it will set back customers roughly $10 a month, Premium Connectivity allows access to popular in-car features such as video streaming, Caraoke, music streaming, and internet browser even when Wi-Fi is not available. Tesla has started emailing customers about their in-car data subscription. Premium Connectivity expiration warnings via Software Menu have also been reported on vehicles’ displays.

In a previous statement, managing director at Wedbush Securities and Tesla analyst Dan Ives said that the electric carmaker is bringing the infotainment center into a whole new level, putting the company miles ahead of other manufacturers. “Consumers are used to the technologies they see in their smartphone, they see in their living room, but yet they go into their automobile and they have a flashback to 1988. They want the technology that they see in 2019 in their car,” Ives said in an interview

During an earnings call, Elon Musk admitted that Tesla has not really thought of a way to monetize in-car entertainment. Nevertheless, Brian Moody of Autotrader said that this might not be the case in the future, especially when infotainment systems will likely become one of the biggest factors in the economics of automakers. “As the driver becomes less necessary, there will be more options for in-car purchases and partnering with outside vendors so that you can buy stuff from inside the car, probably even buy stuff for the car from inside the car,” Moody said.

As we see Tesla add more features and services to its in-car entertainment system, the brand will have the opportunity to explore the possibilities of using their vehicles as a platform to deliver services that consumers are willing to spend on. As Will Kaufman of Edmunds suggests, “If Tesla gets to the point where they’re moving millions of units annually, their control over their platform gives them leverage.” And that only means one thing for Tesla — more $$$ to attain its ambitious goals.

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A three-dimensional rendering of the Tesla Cybertruck floating in the ocean has emerged on Instagram showing a man in the truck’s “vault”, enjoying a day on the water in a futuristic car-boat.

The video by hypercarislands gives passionate fishermen an idea of how Tesla’s first pickup could double as an amphibious car in “Boat Mode.” The man in the back of the Cybertruck in the rendering is visibly happy, enjoying beautiful weather while catching fish in a floating Tesla.

View this post on Instagram

The Tesla Boat Mode 🤩🔥 Follow me 👉 @hypercarslands for more content! #tesla #elonmusk #teslacybertruck #cybertruck

A post shared by 🚀 Supercars 🚀 (@hypercarslands) on Dec 10, 2019 at 9:58am PST

Underwater vehicles are something Musk has been vocal about in the past, especially when it comes to the idea of a submarine car. While Tesla vehicles in the past have performed impressively when confronted with deep water, no Tesla vehicle has ever taken on a body of water as large as an ocean.

After a Model S easily navigated through a flooded tunnel in Almaty, Kazakhstan in 2016, Musk tweeted that while “We *def* don’t recommend this, but Model S floats well enough to turn it into a boat for short periods of time. Thrust via wheel rotation.” In May 2019, another Model S “floated” through a flooded neighborhood somewhere in the United States.

During the annual Shareholder meeting in 2019, Musk shared Tesla’s design for an all-electric submarine vehicle, much like the one from the 1977 James Bond film, “The Spy Who Loved Me,” recognized as “Wet Nellie.” Musk enjoyed the idea of an underwater vehicle so much, purchased the car, a Lotus Espirit S1, in 2013 for £550,000.

After being asked by an individual shareholder if the company would ever develop and release a car that would work underwater, Musk said, “You can actually have a submarine car — it’s like technically possible. I think the market for this will be small. Small but enthusiastic. It would be a bit of a distraction but maybe we’ll make one as a show car.”

A man of many passions, Musk has successfully created a car company that produces high-performance electric vehicles, and a separate entity responsible for sending ships into outer space. With that information, it seems completely feasible that the head of Tesla and SpaceX could create a car, or boat, that would operate in water deep enough to fish in. While much of the world is still taking in the Cybertruck and its many features, it is unlikely it will be the subject of a redesign making it optimal for a day out on the water.

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