Tesla's Second Quarter 2020 Update: https://ir.tesla.com/node/20896/html#tsla-ex991_63.htm

Here are the Tesla @say questions: https://app.saytechnologies.com/tesla 

Giga Texas WILL be in Austin (Del Valle). yeah!!!

Giga Texas will build Cybertruck, Semi, 3, and Y. Wow!!!

Giga Texas construction began this past weekend.

Tesla Solar already 30% less expensive than US avg.

Elon saying, "we're the company to go to [for solar]."

Current Model S now has an EPA range of 402 mi of range.

Elon thanks Tesla team for all their hard work, giving credit where credit is due.

Elon teases battery day saying "it will surprise people with how much there is to see."

Elon on future product roadmap: "It'd be reasonable to make a compact vehicle of some kind." "I think we'll do the obvious things."

Institutional q's: 1) "As Tesla continues its journey towards the long-term goal of selling 20M units per year, what are the most important vehicle programs that will drive volume growth over the next 3-5 years beyond 3/Y/Cybertruck? Cheaper/smaller versions of the 3/Y? ...

2) "What is your vision for software at Tesla? What opportunities do you see for monetizing the installed base other than via FSD?"

3) "What are the most important upcoming self-driving milestones and how do you think about timing?"

Elon talking about 4D "surround video"

4) "Please may you update us on the Alien Dreadnought. How has your thinking evolved, and what is needed in order to get closer to the fundamental physical limits? Thank you."

Elon: "We're really changing the design of the car to make it more manufacturable."

With virtual integration Tesla will see an order of magnitude improvement on raw material distance traveled to be put into a battery and EV.

*virtical

5) "How many vehicles can Tesla produce in Texas?"

Retail q's: 1) "Tesla Energy seems widely ignored by Wall St. despite Elon’s comments about the growth rate exceeding automotive. Could Tesla share more detail on current/planned projects to help investors better understand the business outlook? How disruptive is Autobidder Tech

2) "Now that it is time to bring the Semi to volume production, can you share more detail on production plans? What weekly production rate is considered volume production and when does Tesla expect to reach that rate?"

Jerome: Tesla will use early units themselves.

Elon: Consumer based will be iron phosphate cell will get nearly 300 miles. Nickel based will be used for semi.

3) "Tesla recently decided not to produce a Standard Range version of Model Y, no longer offers SR Model S/X, & has announced ramping of the Semi. Does this shift from smaller pack vehicles suggest Tesla is not as battery-constrained as in the past? What are biggest constraints??

Elon asking mining companies to mine more nickel at high volume.

New normal for range for passenger vehicles will be ~300 miles. (wow)

4) "What is the holdup for Tesla Insurance outside of California? Will you release numbers from that part of the business? Will Tesla Insurance be required to participate in the Tesla Ride-Hailing network as a driver?"

Zach: The amount of data that customers allow us to use is not available in any other product in the world.

Zach: We hope to have this in a handful of states by the end of the year.

Elon: At the heart of the industry is accuracy of information.

If people want to drive more aggressively they can more for insurance.

Tesla can adjust the design of the car to make it less expensive to repair.

Dan from Credit Suisse: Update on what gross margin in China is versus Fremont.

Zach: Shanghai still not running at full capacity and opportunity to see improved gross margin.

Tony from Bernstein: How do you balance profitability versus EV adoption?

Elon: Can achieve both with manufacturing autonomy.

Elon: We will not achieve our mission if our cars are not affordable (and we need to fix that).

Elon: We want to be slightly profitable (1-2%) and while maximizing growth.

Elon: World's biggest casting machine is currently being assembled in Fremont for Model Y.

Elon: Demand exceeds supply.

Last caller, fix your damn internet connection!!!!

Elon: There will be local cell production that will serve needs of Berlin production.

Call is over.