Can You Help Me Fight The Fossils? Read More About Patreon here EVne.ws/patreon   Read today’s show notes on https://www.evnewsdaily.com   Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Friday 1st February 2019. It’s Martyn Lee here and I’ve been through every EV story I can find today, and picked out the ones I think you need to know about.   Thank you to MYEV.com for helping make this show, they’ve built the first marketplace specifically for Electric Vehicles. It’s a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too.   THOUGHTS ON TESLA Q4 EARNING CALL Revenue - $7.2 billion for the quarter. Annual Revenue was $21.5 billion Profit - $345 million non-GAAP No ZEV credits sold to speak of, could be saving them up as a buffer. $910 million free cash flow on the quarter. They have $3.7 billion in unrestricted cash. Elon mentioned several times about stock being on ships being his concern, and getting them with customers in Europe and China. Tesla growing at 60% a year, from 2 billion revenue 5 years ago to 21 billion revenue in 2018. 360-400k vehicles forecast to be sold in 2019. All Model 3's being made at Fremont are currently for Europe and China. Gigafactory 3 Model 3's complete vehicle production line, so that stamping, paint shop. 1GWH of storage installed in 2018. 100 powerpacks in 32 countries. Pickup on track to be unveiled this Summer. Eurpopean and China orders are strong and they're not trying. Leasing will come but not yet. As for $35k Model 3 the letter say: " A new manufacturing line made by Tesla Grohmann is further increasing production of Powerwall and Powerpack modules at Gigafactory 1."   TESLA MODEL 3 PRODUCTION TO START IN CHINA BY END OF YEAR "Tesla has said in its fourth quarter report that the local production of Model 3 in China should begin by the end of 2019" reports Mark at InsideEVs.com: "The Tesla Gigafactory 3 in Shanghai will produce (probably in 2020) some 3,000 Model 3 per week. Those will be only base versions of the Model 3, as the top versions (all-wheel drive and Performance) will be supplied to China from the U.S.. The rate of production of Model 3 in Fremont is to be 7,000 per week later in 2019, which together with 3,000 per month in China, should enable Tesla to crank 10,000 per week." And the Tesla letter said that was the plan by the end of this year. That's an annual worldwide rate of 500,000 Model 3s. I will add - there is nothing on that site apart from a fence.   https://insideevs.com/tesla-model-3-production-china/   TESLA IS ADDRESSING ITS REPAIR SERVICE CHALLENGES "Tesla stated that it is currently operating 378 service centers around the world by the end of the fourth quarter, with 300 of the sites being located outside of CA. Augmenting this support system is a fleet of 411 mobile service vehicles." reports Simon Alvarez for Taslarati. Elon said: "“We’re also improving parts distribution. I think we made a strategic error in the past about not having service parts located at our distribution centers. We had them in parts distribution warehouses which basically meant it was impossible to have a fast turnaround on service on your car because the car would come in, then the parts would be requested (before) they come to the service center. Basically, for even for a very simple repair, it could take days. We’re going to move to stocking all common parts at the service centers, so it’s possible to get your car service in 20 or possibly 15 minutes. Lightning fast. It’s also gonna make sense for our service centers to do basic bodywork or essentially if all you need to do is replace a front or rear feature, it makes sense to pre-stock the front-rear feature in the common colors. So unless you have (an) unusual color, we can literally replace your feature in 15-20 minutes, and there’s none of this like weeks at a body shop stuff.”   https://www.tesla