Key Takeaways from Tesla’s Q1 2020 Earnings Call

Jan 29, 2020   

• Tesla to produce 1,000x more cars in 2020 than it did in 2010, with 500k+ deliveries

• 2020 to be the strongest financial year yet

• Q1 automotive sales are impacted by seasonality

• Model Y to also be produced at Shanghai Gigafactory

• 1-2 week Shanghai factory delay due to Coronavirus factory shutdown

• Demand is strong for Tesla’s Solar Glass Roof, partially due to California’s requirement that new housing has solar

• “People will want a live roof that generates power”

• Tesla Solar Glass Roof is a “new, revolutionary product” with challenges that Tesla will overcome

• Car-sharing in the Tesla app likely to be enabled in advance of Robotaxi release

• Superchargers to be built at airports

• Owners will be able to put their Tesla’s in the Robotaxi network under Tesla Insurance

• Tesla Insurance to be expanded to other locations and rate changes, pending regulatory approval

• Tesla Insurance to offer further discounts to Autopilot users

• FSD “might be feature-complete” in a few months, meaning “some chance” of driving from home to work with no intervention

• Feature-complete doesn’t mean that the FSD features are perfect

• Significant savings on import-related costs to China due to Shanghai facility

• Cost of the Standard Range Plus Model 3 in China is lower than the cost of building it in America

• “Rapidly approaching a 400-mile range for Model S” as battery cells become more efficient

• “Model S and X have more range than the web-site states, Tesla hasn’t gotten around to updating the EPA range”

• Tesla StarLink antennas can be used in rural areas that don’t have a cellular connection

• Cybertruck demand is more than Tesla could reasonably make in 3-4 years, Tesla is focused on increasing battery production capacity

• Tesla Semi uses a lot of battery cells, meaning Tesla needs a steep ramp-up in battery production and reduction in kWh costs to fulfill production needs for all models

• Average number of occupants in a Tesla is 1.2, though a minivan is likely in the future

• Introduction of Model X increased Model S sedans, which may happen with Model Y and Model 3 — Tesla is worried about production, not demand

• “More differences to differentiate Model Y and Model 3,” Elon refrains from going into detail but mentions they will be revealed in a teardown

• High-margin sales come from customers buying the FSD package

• Model S has 100kWh battery pack vs 95kWh on the Porsche Taycan, with almost double the range on Model S

• Tesla will adjust pricing according to demand

• China Model 3 pricing is slightly lower than U.S., Model Y slightly higher

• Tesla not aware of anyone in the autonomous space they’d want to acquire


We find it’s much more accurate to determine the value of a Tesla based on its features and build date rather than its model year. Please feel free to contact us at for an up-to-date NPV (net present value) on your Tesla.