Tesla (TSLA) 22 Jul 202020 Q2 Earnings call transcript

Ladies and gentlemen, thank you for standing by and welcome to Tesla’s Q2 2020 Financial Results Q&A and Webcast. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] I would now like to hand the conference over to your speaker, Mr. Martin Viecha, Senior Director for Investor Relations. sir. ahead, go Please

Executives. and XXXX everyone, today Q&A Kirkhorn of Musk, Sherry, Tesla’s by welcome second Zachary other number a quarter webcast. and good you, and afternoon, to Elon Thank I’m joined

Time Our QX results webcast. same update announced at the we at as in PM published about deck link the X:XX were Pacific this

or our including and SEC. results risks today. These comments statements. the we call, forward-looking of due materially will During differ in with and as based could discuss most predictions on to make Actual of the expectations our filings recent events those business outlook number our and are a mentioned uncertainties,

During Elon? question Q&A, jump the yourself into today's follow-up. limit has before please to and opening some we question-and-answer Elon one remarks. portion [Operator of call, one Instructions] But

you. Thank

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collectively Energy automotive bigger business. than the business the So, mean, I is

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Yes.

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the to question does to is the now Tesla is, considered rate? share And production plans? on that Tesla Semi you bring you. second Thank weekly production, production volume can volume more that detail expect production? to And What it's time when rate reach

Yes.

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Yes.

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very Thank much. you

please. question the to next go Let’s

Sacconaghi question next with from go will Our Toni ahead. Please come Bernstein.

Yes. Thank you.

luxury times You a Industry-leading mentioned pleased in couple little for achieve PTI. operating to a that could Maybe with industry-leading to is the shed X% you margins gross margin margin you you and light expect on over were it PTI slide vendors progress of time. with XX% deck that?

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Yes.

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Thank you.

go Let’s to next question, the please.

question Please Bank. come from Deutsche will next Rosner go Our Emmanuel with ahead.

Hi, good you are These afternoon. Could for please obviously the characterize unusual times. your environment demand vehicles? current near-term

specific release at had indicated any seen past guess, in back quarter. today. the backlog the I in new of backlog, haven't orders about I record you this think beginning or comments I QX,

give some can So, us color? you

not. not trying Definitely to problem. production we're supply do some right a We now. slow have chain is Demand challenges

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troubling us on that a issues. demand, right that bunch So, firefighting not of just it's they are production are and chain now supply are things the -- look,

Okay.

-- So

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Okay.

saying dynamics? has recent deliveries shutdowns function more some become you're it really XXX,XXX when supply achieving of a was difficult, So, of and these just the

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question much. please. Thank the you very And last

from today question Houchois will Jefferies. go Please last Our ahead. Philippe come with

Good Yes. Thank you. afternoon.

a the times ensure of the battery you Will able building requirements, Europe was be you mentioned to And not, constraint for ? amount hoping out Europe? You your import consistence of the growth still. to with capacity there now. Or would source, capacity of to batteries if And -- out volume plans scope assembly the in the Berlin? to be few of would have from expect the could production you I Berlin to you is battery clarify battery right outside come

of We much is factory. production this. too local anything factory. and about be that -- there Drew, Except needs Okay. can't will cell there the that, yes? -- anything? the say where will Berlin Berlin Drew, serve there is

that's I mean, enough. straightforward no,

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people talented to problem, join this solve solve this us we will as We problem.

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you. Thank

those know we're talking are mean, now about. what I Europe. We

have Philippe, follow-up we question? do a

Thank That’s you No. fine. very much.

Okay. very all and three your questions. everyone, we'll again much, about joining speak thank in you for And this you good Thank for call, you months to

Yes, maybe sooner with battery.

Okay, thanks.

call. gentlemen, conference Ladies this concludes and for today's participation. your you Thank

You may now disconnect.