On June 9th, Tesla released “Tesla Impact Report 2019”. In the report, Tesla expounded on its development vision and reviewed some of its past achievements.
Here are some key information points we have summarized:
- While many automotive manufacturers focus on reducing emissions and lowering energy consumption to protect the environment, Tesla intends to use renewable energy from the moment of building its factories.
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Tesla achieved over $1 billion in positive cash flow in 2019 (operating cash flow less capex).
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Due to the appearance of COVID-19, travel has been restricted and air quality around the world has rapidly improved. Researchers predict that global carbon dioxide emissions for the whole of 2020 will be down by at least 4% compared to before the epidemic. Tesla will have the opportunity to profit from this and accelerate the implementation of clean energy solutions as part of the global economic recovery.
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According to the World Health Organization, more than 4 million people die from air pollution each year. Tesla believes that zero-emission transportation and new energy products have a more positive impact on the environment than products that emit carbon dioxide. Tesla’s deployment of solar power not only meets its own factory operations, but also provides power to surrounding facilities.
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Tesla will produce a battery that can be used for 1 million miles (realizing 4000 to 5000 charging cycles). As a comparison, a car’s scrap mileage in the United States is about 200,000 miles (approximately 130,000 miles in Europe).
6.The electric vehicle manufacturing industry in China has developed well, with government subsidies (although reduced) and local government support.
7.It is important to increase the range of electric vehicles in order to encourage more people to abandon gasoline cars and switch to electric cars. Therefore, Tesla is rapidly building supercharging stations in North America, Europe, China, and the Asia-Pacific region. Between 2017 and 2019, the scale of Tesla’s supercharging stations almost doubled, and will continue to expand in the future.
8.Tesla pays great attention to energy efficiency optimization. In other words, different models can achieve higher range with the same size of battery. Model Y can achieve similar range as Model 3, although it is 10% heavier than Model 3.
9.Tesla will continue to improve battery chemistry, battery pack structure, and passive safety of vehicles to reduce the risk of fire and accidents as close to zero as possible.
10.With the continuous improvement of Tesla’s technology, fire risks will become insignificant for Tesla’s electric vehicles. Currently, data from the United States National Fire Protection Association and the Department of Transportation show that there is one fuel vehicle fire for every 19 million miles driven in the United States. While Tesla has had approximately one fire incident every 175 million miles driven from 2012 to 2019.
In addition to the above information, the Tesla board of directors also stated that Tesla will focus on the company’s vision to achieve sustainable development, and has made many decisions to achieve profitability and growth.
For example, participate in the entire production and sales process of electric vehicles, rather than simply outsourcing to manufacturers; insist on Tesla’s self-operated stores and service centers, rather than using franchise dealer systems; continue to promote the construction of a global supercharging network to achieve long-distance travel;
Build the world’s largest battery factory to meet Tesla’s own needs and reduce battery costs; expand into the energy production (solar) and energy storage fields to build a sustainable energy company. Only when investors realize Tesla’s value will they be willing to give money to Tesla (CEO).
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.