Use wechat scan QR code < / P > < p > to share with friends and circle of friends < / P > < p > diagram: < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E7%89%B9%E6%96%AF%E6%8B%89 "> Tesla < / a > the latest model s Plaid luxury electric car < / P > < p > < / P > < p > Netease technology news, January 28, local time, Wednesday, the United States < a target ="_ blank" href=" https://news.163.com/news/search?keyword=%E7%94%B5%E5%8A%A8%E6%B1%BD%E8%BD%A6 "> electric vehicle < / a > manufacturer Tesla announced its fourth quarter financial report for fiscal year 2020. According to the financial report, Tesla's total revenue in the fourth quarter was US $10.744 billion, a year-on-year increase of 46%; it realized a profit of US $270 million, a year-on-year increase of 157%; a total of 180570 electric vehicles were delivered in the quarter, a new quarterly high. < p > < p > after the financial report was released, Tesla CEO Elon · < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E9%A9%AC%E6%96%AF%E5%85%8B "> Elon Musk, CFO Zac Kirk < a target ="_ blank" href=" https://news.163.com/news/search?keyword=%E9%9C%8D%E6%81%A9 "> Zach kirkhorn, President of automotive operations, Jerome Guillen, and Martin viecha, head of investor relations, attended the earnings call and answered analysts' questions on the spot. < / P > < p > first of all, musk outlined the company's performance in 2020, saying that Tesla has enough funds to achieve its goals. Musk said that at present, Shanghai Super factory and Fremont factory in California are fully producing model 3 and model y electric vehicles, and the heat pump system will be extended to all models. Musk also talked about the Berlin and Texas factories under construction, the newly released model s Plaid and the full < a target = "test version_ blank" href=" https://news.163.com/news/search?keyword=%E8%87%AA%E5%8A%A8%E9%A9%BE%E9%A9%B6 "> automatic driving < / a > system (FSD). Musk revealed that model s Plaid will start shipping next month, and "a lot of improvements have been made to the FSD beta version". At present, nearly 1000 people are testing the software. He talked about the rationality of Tesla's high valuation and stressed that FSD played a big role in this regard. 2020 is just the beginning of profitability, he says. If things return to relatively normal in 2021, Tesla will be able to reach new heights. < / P > < p > Chief Financial Officer kirkhorn then spoke, emphasizing that Tesla's free cash flow provides financial support for the company's projects. He also noted that Tesla is now less dependent on borrowing, especially at a time when the company is profitable for the sixth consecutive quarter. He also explained the fourth quarter profit margin, noting that it was affected by the model s and model x product line updates and the deployment of new devices such as Fremont Giga press.

< / P > < p > musk: we haven't thought about it yet. We think we may have underestimated the long-term value of FSD. We will provide FSD subscription service soon. < / P > < p > < strong style = "box sizing: border box;" > analysts' questions about L5 automatic driving. < / strong > < / P > < p > musk: the challenge now is to solve the driving limit situation and achieve 99.999% reliability. We are making significant improvements to the software, and the transformation of the whole system to video image has led to significant improvements in object labeling. Our training system is analyzing a lot of video data. < / P > < p > < strong style = "box sizing: border box;" > analysts' questions about the production speed of 4680 battery. < / strong > < / P > < p > musk: we will start mass production of 4680 batteries in 2021, plan to produce 10 billion watt hours (GWH) batteries in 2022, and reach an annual production capacity of 20 billion watt hours in that year. < / P > < p > < strong style = "box sizing: border box;" > analysts' questions about customer service. < / strong > < / P > < p > Gillen: our goal is to reduce the number of door-to-door services, and we think Tesla is gradually doing that. At present, 40% of customer service requests are handled by the mobile service team, and 50% of customer service requests are completed within 2 hours. We plan to open 46 service centers in the first half of 2021. We're also going to have all communication done through the Tesla app, not the phone. < / P > < p > < strong style = "box sizing: border box; font weight: bold;" > analyst's question on what goals should be achieved first to support automatic driving carpooling service. < / strong > < / P > < p > musk: we need to upgrade all the neural networks in the car from analyzing only one frame of image at a time to continuously analyzing video. I believe that we will achieve full automatic driving in time. Tesla uses more cameras in the automatic driving system, making it out of the ordinary in most of the developers who use lidar's autopilot system. < / P > < p > musk: we are willing to license our autopilot software to other companies. We are also willing to let other companies use our super charging point network. We don't want to build a siege. < / P > < p > < strong style = "box sizing: border box; font weight: bold;" > analysts on the competition in the Chinese market. < / strong > < / P > < p > musk: we are the leader of China's electric vehicle market. But only a small number of Chinese Tesla buyers chose FSD. I believe that with the continuous progress of FSD in the Chinese market, they will buy it. < / P > < p > musk: at present, the biggest limitation in the production of electric vehicles is the availability of batteries. The reason Tesla makes its own batteries is to increase production, not to stop using the products of third-party suppliers. We will buy as many batteries as our suppliers can produce. Analysts' questions about the progress of Tesla pickup cybertruck and its delivery expectations in 2021. < / P > < p > musk: we have completed all the engineering work of cybertruck pickup. Because the car is bigger, it needs a bigger casting machine. If "lucky," we will be able to start delivering Tesla pickups by the end of this year, but we won't be able to mass produce them until 2022. < / P > < p > < strong style = "box sizing: border box; font weight: bold;" > analysts on the regulatory environment faced by FSD.

musk: Tesla is working with US regulators to solve people's concerns about autopilot, while European regulation is "generally slowing down". China is striving to develop L4 and L5 automatic driving.

analysts' questions about the challenges facing the supply chain in the near future. < / strong > < / P > < p > Gillen: at present, our first task is to deal with the transportation interruption related to the epidemic, and we are also paying close attention to the pricing of parts. We are in the process of signing long-term agreements with parts suppliers. < / P > < p > < strong style = "box sizing: border box; font weight: bold;" > analysts' expectations on the regulatory limit in 2021 and how Tesla will use the funds raised in 2020. < / strong > < / P > < p > kirkhorn: for us, the regulatory limit is always difficult to predict. In the long run, we do not expect regulatory limits to become an important part of our business. Prior to the start of this quarter, the sale of regulatory limits in the fourth quarter was not on the agenda. < / P > < p > in terms of capital planning, debt reduction is the focus, including convertible debt in the first quarter. Financing in 2020 will enable Tesla to more actively promote the construction of super factories and increase investment in service centers and super charging pile networks. < / P > < p > < strong style = "box sizing: border box; font weight: bold;" > analysts' questions about the electric truck market. < / strong > < / P > < p > < / P > < p > musk: Tesla will definitely build electric trucks at some time. This is actually a battery production problem. The reason why Tesla's semi electric car hasn't been on the market is that we don't have enough batteries. Once the 4680 battery starts mass production, we will have enough batteries.

analyst's question about Tesla's next generation autopilot system SoC. < / strong > < / P > < p > musk: the software still does not make full use of the computing power of the first generation Tesla autopilot computer. We expect the improved second version to be three times more functional than the current version. The next generation autopilot will also be equipped with high-resolution cameras. Everything goes well, but our first goal is to improve the software so that all neural networks are based on video analysis. < / P > < p > < strong style = "box sizing: border box; font weight: bold;" > analysts' questions about Tesla's battery cost and efficiency targets, as well as about the launch of cheaper Tesla electric vehicles. < / strong > < / P > < p > musk: we are confident that we will achieve these goals in three to four years. Although we hope to do better, we are confident to achieve the goal we set on battery day. < / P > < p > musk: I hope to be the CEO of Tesla for a few more years. I'm very excited about a lot of work. But no one should be CEO forever. As the chief executive of Tesla, the work that needs to be done is crazy. If only I had more free time. The mission is not over. Tesla's goal from the beginning is to accelerate the development of sustainable energy. Less than 1% of the world's vehicles are electric, so we have a long way to go. < / P > < p > < strong style = "box sizing: border box; font weight: bold;" > analysts' questions about why Tesla wants batteries to beat hydrogen. < / strong > < / P > < p > < / P > < p > musk: I've been asked this question many times over the years. Even as a liquid, the density of hydrogen is very low. You need a huge tank. Propane or methane is better than hydrogen. We are very confident that using batteries for long-distance transportation is a better choice. (Chenchen) < / P > < p > < b > related reading: < / b > < / P > < p > < b > musk: the Shanghai factory produces more than 5000 model 3 vehicles a week < / b > < / P > < p > local time on January 27, Tesla CEO Elon Musk said that the Shanghai factory produces more than 5000 model 3 vehicles a week at Tesla's fourth quarter earnings conference call. < / P > < p > Tesla said in the fourth quarter financial report that the annual capacity of Shanghai Super factory model 3 is capable of maintaining more than 250000 vehicles, and the production of model y has started at the end of 2020 and is currently in full capacity. < / P > < p > Tesla CFO Zachary kirkhorn said in a conference call that Tesla is working very hard to cope with the global semiconductor shortage and possible temporary capacity shortage. He also said Tesla would continue to invest heavily in super charging and service capabilities while driving down costs. In terms of < / P > < p > models, musk revealed that Tesla will release a new model s, of which the model s Plaid version is in production and will be delivered in February, and the new price may be increased by $10000. The new model x is also being planned and will be delivered shortly after the delivery of the new model s. < / P > < p > regarding the delivery time of cybertruck, musk said that some parts can be delivered this year, but it is estimated that mass production will not be realized until 2022. < / P > < p > regarding electric vehicles, musk said that sooner or later Tesla will develop electric vehicles to enter the relevant market. He also said that it's easy to design a prototype car, but it's very difficult to mass produce it. It's not a good time for the electric truck project.