We have to bring energy prices down. Energy started at the price of gasoline. Now, your cars don't require too much gasoline. So you have a good, and you do make a great product, I have to say, I have to be honest with you. That doesn't mean everybody should have an electric car, but these are minor details. But your product is incredible. But the gasoline, Elon, is the cost of energy. Not only gasoline, it's the cost of heating your house and cooling your house. That has to come down. It's gone up 100%, 150 and 200%. And that has to come down.
When that comes down and we're going to drill, baby drill, they stopped drilling and then they went back to drilling because they went back to the Trump policy. But if they won, the day after they get into office, this country will go out of business because they're going to go to an energy policy that's not sustainable. Wind and different things, you're not going to have anything. And I know you're a big fan of the AI. And I have to say that AI, and this is shocking to me, but AI requires twice the energy that the country already produces for everything. So we're going to have to build a lot of energy if our country will be competitive with China, because that's our primary competitor for this on the AI. You're going to need a lot of electricity. You're going to need tremendous electricity, like almost double what we produce now for the whole country if you can believe it. Sure.
Well, just going back to this, the basic thing, which is that people try to make it sound complicated, but it's not. But inflation is caused by government overspending. Would you agree that we need to take a look at government's spending and have perhaps a government efficiency commission that just tries to make the spending sensible and so the country lives within its means, just like a person. The waste is incredible. I mean, I think it would be great to just have a government efficiency commission that takes a look at these things and just ensures that the taxpayer money, the taxpayers are harder and money is spent in a good way. And I'd be happy to help out on such a commission. I'd love it. If it were for them.
Well, you you're the greatest cutter. I mean, I look at what you do you walk in. You want to go on strike? I won't mention the name of the company, but they go on strike and you say, that's okay. You're all gone. You're all gone. So every one of you is gone. And you are the greatest. You would be very good. Oh, you would love it. But you know, if you look at our. Well, you have to be a good guy. Congratulations. Absolutely. I mean, I should probably say something about like, you know, maybe my views on, you know, climate change and oil and gas because I think it probably different for what most people would assume. Because my views are actually pretty, I think, moderate in this regard, which is that I don't think we should vilify the oil and gas industry and the people that have worked very hard in those industries to provide the necessary energy to support the economy. And if we were to stop using oil and gas right now, we would all be starving and the economy would collapse. So it's, you know, I don't think it's right to sort of vilify the oil and gas industry. And I, you know, the world has a certain demand for oil and gas and it's probably better if the United States provides that than than some other countries and it would help with prosperity in the US.
And at the same time, obviously, my view is like we do over time want to move to a sustainable energy economy because eventually you do run out of, I mean, you run out of oil and gas. It's not there. It's not infinite. And there is there is some risk. I think it's not the risk is not as as high as, you know, a lot of people say it is with respect to global warming. But I think if you just keep increasing the cost of a million in the atmosphere long enough, eventually it actually simply gets uncomfortable to to breathe. People don't realize this. If you go to if you go past 1000 possible million of CO2, you start getting headaches and nausea. And so we're now in the sort of 400 range. We're adding, I think, about roughly two parts per million per year. So I mean, it still gives us. So what it means is like we still have quite a bit of time. But but so there's not like we don't need to rush and we don't need to like, you know, stop farmers from farming or, you know, for bad people from having stakes or basic stuff like that.
Like like you leave the farmers alone. How crazy is that? Where I mean, you have farmers that are not allowed to farm anymore and have to get rid of their cattle and the whole whole world. Yeah, but it's largely taken its lead from us. I just say though, I've heard in terms of the fossil fuel, because even to create your electric car and create the electricity needed for the electric car, you know, fossil fuel is what really creates that at the generating plants. And you know, so you sort of can't get away from it at this moment. I mean, someday you might be able to. But I do hear we have anywhere from 100 to 500 years left. You know, much of it hasn't even been found yet.
Yeah, but there are. I mean, am I, my answer would be, you know, a little more aggressive than that. But it's not the sort of like we're all going to die in five years stuff. That's obviously BS. But I mean, my view is like, if you just look at sort of the post-4 million that increments every year, you know, you get sort of two or three post-4 million over a year of CO2. I mean, I think some of that it's problematic if it accelerates, if you start going from two or three to say five. And then there may be some situations where you get just a step change increase in the CO2.
And I think we don't want to get too close to a thousand PPM because like that's actually makes it uncomfortable to breathe. Like just existing in a thousand PPM CO2 is uncomfortable. That's like a, that's considered like an industrial hazard. Right? Just so, so it's, you know, that's actually stuck in headaches and stuff. So it's even without global warming, it's not it's not comfortable to live in. So you don't want to get too close to that. But I mean, I think we've got, I think we want to just move over like, and if, if, I don't know, 50 to 100 years from now, we're, we're, I don't know, mostly sustainable. I think that'll probably be okay. So it's not like the house is on fire immediately. But I think it is something we need to move towards. And on, you know, on balance is probably better to move there, faster than slower.
But but like I said, without vilifying the oil and gas industry and without causing hardship in the short term, I think this can be done with without, you know, people can still have, you know, a stake and they can still drive gas in cars. And this, you know, it's, it's okay. It's like, it's not, I don't think we should vilify people for it. But I think we should just, just generally lean in the direction of sustainability. And I actually think solar is going to be a majority of us energy generation in the future. And it's certainly trending that way.
And so you get the solar power, mind that with with with batteries. So because obviously the sun doesn't shine at night. And and they use that to charge the electric cars. And you have a long term sustainable solution. And you know, that's, that's what Tesla's trying to move things towards. And I think we've made a lot of progress and progress in that regard. But when you look at our cars, we'd like, we don't believe that environmentalism that caring about the environment should, should mean that you have to suffer. So we make sure that our cars are, are beautiful that they drive well, that they're fast, they're, you know, sexy.
I mean, they're, they're cool. In fact, literally, I mean, the sexy model S model three model X and Y spells out sexy is probably most expensive. But I, you know, I just, I don't know, like cheesy humor, you know, so. And, but I'm, I'm, I'm, I'm, I'm, I'm a big fan of like, let's have an inspiring future. And let's, let's work towards, you know, a better future. And, and we can do so without demonizing. Right. There's the, there's the bad side of nuclear, which is a nuclear war, very bad side. But there's, there's also, I think, nuclear electricity is under, right? And it's actually, you know, people have this fear of nuclear, nuclear electricity generation. But, but it's actually one of the safest forms of electricity generation.
It's just a huge misunderstanding. And if you look at the injuries and deaths, you know, caused by say, I mean, I'm not going to try to pick on coal mining, but just any kind of mining operation. And this was a certain number of injuries and deaths per year. You compare that to nuclear. Nuclear is actually way better. So it's underrated as a, as an electricity source. And I think it's, it's something that's worth reconsidering. But there's so much regulation that people can't get it done. So that, you know, maybe they'll have to change the name. The name is, it's a rough name. There are some areas like, like when you see what happened in the bad, the brand, the brand, we'll have to give it a good name. We'll name it after you or something.
You know, no, hey, it has a branding problem. You know, when you see what happened, if it's ever branding problem, when you see what happened in Japan, where they say you won't be able to go on the land for about 3000 years. Do you ever say that? And in Russia, where they had the problem where they, you know, there's a lot of bad things happened. And they have a problem. And they say that in 2000 years, people start to occupy the land again. You know, you realize it's pretty bad. But there's, but it's, it's actually not that bad. So like after Fukushima happened in Japan, like people were asking me in California, you know, are we worried about like a nuclear cloud coming from Japan? I'm like, no, that's crazy. It's actually, it's not even dangerous in Fukushima. I actually flew there and, and ate locally grown vegetables on TV to prove it. And I donated a solar water treatment, yeah, solar powered system for a water treatment plant. And yeah, but you haven't been feeling so well lately. And I'm worried about it. No, no, but I'm only getting a mind. You know, it's like, you know, Hiroshima and Nagasaki were bomb, but now they're like full cities again. So it's really not something that, you know, it's not as scary as people think, basically.
But you know, I'd just like to note to people listening, like I've not been very political before. And I've just, if you look at my track, my record, it's I've actually been, I'm not like, I'm sorry, try to paint me as like a far right guy, which is absurd because I'm like making electric vehicles and, you know, solar and batteries helping those environment. And, and, and I actually, I, I, you know, I supported Obama. I stood in line for six hours to shake Obama's hand when, when he was running for president. And, you know, so it's not like I'm like some sort of bad in the world, long term republic. I'm actually, I call myself, you know, historically a moderate Democrat. And, but now I feel like we're really at a critical juncture for the country. And, you know, I, I think a lot of people thought, you know, that Biden administration would be a moderate administration, but it's not. And obviously, we're just going to see it. And even further left, administration with with, that's, that's my honest opinion. I mean, her dad is literally, I mean, she was brought up as a, as an actual dad is a, is a Marxist economist. That's, you can Google it. I mean, it's not a, we're not making this up, you know, that's how she was brought up. So, and, and we just, we want to have a future that is prosperous. And, and I think we're just at this critical juncture. And, and it, I think this is a case of the America is, is kind of at a fork in the road. And, and I think it will take it will take it for the path to like you are the path to prosperity. And I think Kamala is the opposite. Then that's my, I mean, that's my honest opinion. I'm gonna, I'm gonna get attacked like crazy. And, you know, I've also experienced quite a bit of a low fair myself. And, but I'm just just trying to tell people my honest opinion. And, and I haven't been active and really active in politics before. And I'm just trying to point out that my track record historically has been moderate, if not moderate slightly left. And, and so this is the people out there who are in the moderate camp to say, I think you should support Donald Trump or president. And, and I think it's actually a very important junction in the road. And, and we're deep travel if, if, if, if it goes the other way.
Welcome to electrified. It's your host Dylan Loomis. Quick shout out to my newest patron, Hans B. Thank you for choosing to support the channel. We'll zip through a few news items so they don't get lost in the shuffle with the Elon and Trump interview. There's been so much disinformation out there. I was finally able to find the truth. So far, Elon has spent about $21 million supporting Trump and the proper voting protocols. Reminder that $45 million per month number everybody's still throwing around is still very wrong.
欢迎来到 Electrified。我是主持人 Dylan Loomis。首先向我最新的赞助者 Hans B 致以诚挚的感谢,谢谢你选择支持这个频道。我们来快速浏览几条新闻,以免它们在埃隆和特朗普的采访中被忽略。最近有很多错误信息,但我终于找到了事实。目前,埃隆已经为支持特朗普和正确的投票程序花费了大约2100万美元。需要提醒的是,大家仍然在提的每月4500万美元的数字是完全错误的。
A few weeks back, we were talking about Tesla energy and the UPO's unsatisfied performance obligations. Well, as it turns out, the rebellion air team reached out to Tesla IR and they actually got a response. A long story short, the best way to think about these UPO's that are roughly $5 billion for Tesla right now. It's really just a backlog of orders with a contract of one year or more. But the main clarification to make here, there was some speculation that these UPO's could carry between 90 and 100% margins for Tesla, mainly because the cost of goods sold were already recognized.
几周前,我们讨论了特斯拉能源和未完成履约义务(UPO)。事实证明,Rebellion Air 团队联系了特斯拉的投资者关系部门,他们确实得到了回应。简单来说,理解这些UPO的最佳方式是,目前特斯拉大约有50亿美元的UPO,这实际上只是积压了一年或以上的订单。但需要澄清的一点是,有人猜测这些UPO可能为特斯拉带来90%到100%的利润率,主要是因为销售成本已经被确认。
But Tesla IR has now said that's not the case, so when these UPO's do actually hit the financials, they're not going to be carrying 100% margins, they'll be more in line with the regular ongoing margins of Tesla energy. Thus, the easiest way to think about this for the future, the UPO balance is really just a backlog of orders for Tesla's megapack. And credit to the rebalionaire team for reaching out and getting that information.
You Canadians that are still awaiting your Model 3 performance delivery, you may be getting it from either China or now Fremont as well. There were some fears out there that the cars coming from Shanghai would have a bit worse performance because they get the 79kWh pack from LG, where the Model 3 performance from Fremont has historically been getting the 82kWh pack from Panasonic. However, drive Tesla Canada is reporting that even Fremont is now going to be using the 79kWh pack from LG for these cars built at Fremont that are being sent to Canada.
你们这些仍在等待Model 3性能版交付的加拿大人,您的车可能会来自中国,也可能来自弗里蒙特。有人担心来自上海的车辆性能会稍差一些,因为它们配备的是LG的79千瓦时电池,而佛里蒙特生产的Model 3性能版一直使用的是松下的82千瓦时电池。不过,Drive Tesla Canada 报道说,甚至弗里蒙特现在也将使用LG的79千瓦时电池,生产这些将被运往加拿大的车辆。
So you Canadians, whether you get your Model 3 performance from China or Fremont, they're going to have the same battery pack. Holmars was asking if 12.5.1.3 will be available on hardware 3 as soon as Elon mentioned, to which Elon said the team is working on it, this will be a different release number. The 10 day timeline has come and gone right now, I would say it's looking like about two weeks. 24 7 Tesla put out a quick video showing the updated progress on Tesla's diner in Hollywood, and as you can see the exterior is now being finished with steel.
Yes, it looks futuristic, but it also makes it look a little retro as well, which I think is what they're going for. The local news in Malaysia is reporting that a representative from Tesla will be meeting with Malaysia's Ministry of Investment on August 22nd to discuss Tesla's investment plans in the country. All we get for now is that an official statement would be released following the meeting with Tesla.
On Tesla's order, configurator for the Cybertruck, the range extender is $16,000, but now they're saying production plan to begin in early 2025. The expectation is the range extender was going to take the all-wheel drive version from 320 miles up to 470, and the cyber beast from 301 miles up to 440. Which means the extender could add up to 150 miles of range.
In a recent interview talking about electric mobility, Oliver Bloom said the technology is far superior to the combustion engine with the right electricity mix, it significantly contributes to climate protection. He said what's needed is binding legislation that clearly favors electric mobility. The auto industry is long cyclical and needs binding regulation, so not this back and forth that's expected right now in America. And when he was asked about partnering with X-Pang and Rivian to use their technology, he said we can't do everything ourselves, but it's crucial to have 100% access to and management of our own architecture.
Well, I'm not quite sure what he means about architecture because the whole Rivian partnership is really Rivian providing its entire electrical architecture. But this is a clear admission they don't have the talent or the drive to do everything themselves. Which means in the long run, they're going to be giving up all of that margin to somebody else. Rivian just held an event in Pasadena and the employees said that the Rivian induction stove is going to be out by the end of the month and it'll cost $1,400. Waymo said starting today, our employees will also have access to fully autonomous rides on San Francisco Freeways, which in some cases will result in cutting down ride times by about half going from 40 minutes down to 20. Waymo may not be setting the whole world on fire, but they are indeed making steady progress.
There's some ridiculous reporting out there and disinformation about the cyber truck and the more affordable models just know it's all nonsense just because the more affordable vehicle isn't available to configure right now, does not mean it's been canceled. For now, it's still just the foundation series all wheel drive and cyber beast. Any more affordable models will be coming in the future.
In Texas, Ford and TXU Energy have just started a new free EV miles program that offers Ford customers the opportunity to charge their vehicle at home entirely for free. Ford EV customers will get a credit on their energy bill for all home energy used for vehicle charging during the free charging hours, which are between 7pm and 1pm the next day all year long, which is a window of 18 hours. But if for some reason the customer can't charge or set the charge for that time, they will pay a simple fixed rate, the same rate as the rest of their home.
The program allows these Ford customers to earn these bill credits regardless of what hardware they use to charge their vehicle. Both companies are highlighting the benefits of owning an EV and both companies are encouraging users to charge their EVs at off peak hours, which of course is better for the grid. As expected, BYD is already making work around plans for these EU tariffs. They plan to leverage the Turkish EU agreement to export cars into the EU through Turkey.
In Queensland, we have another battery storage project entering construction. This a 1,200 megawatt hour project, which marks the start of the transformation of the major coal center into a green energy hub. The stand well battery will use 324 Tesla Megapack 2XLs. And it's one of eight major battery projects now under construction in Queensland.
It is nice to see the top selling EVs in Europe year to date for this year are still the Model Y and Model 3 by a wide margin, but we have to remember it's really Tesla against itself. And in that competition, Tesla is actually losing so far this year. It's just that the rest of the competition really is still trying to figure it out. I just think too many people see these charts and then start sharing the narrative that Tesla is killing it in Europe this year and zooming out looking at the big picture and what they did last year, that's just not accurate.
Tesla stock closed the day at $197.49 down 1.25% while the Nasdaq was up 0.21%. It was another very low volume day for Tesla trading about 55 million shares below the average volume the past 30 days. Heads up on electrified scheduling this week. There will be no video from me on Thursday or Friday as I have a golf trip with my family through the weekend.
So two more videos this week Tuesday and Wednesday. Hope you guys have a wonderful day. Please like the video if you did. You can find me on X-linked below and a huge thank you to all of my Patreon supporters.