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It's and become a vital part of 
our mission today. 

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Welcome back to the Elon Musk 
podcast where we deep dive into 

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the world of Tesla SpaceX and 
everything musk related. 

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I'm your host will Walden. 
And in today's episode we're 

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going to discuss Tesla's 
record-shattering quarter one 

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2023 results. 
The company, delivering, a 

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staggering 420, 2875 electric 
vehicles, surpassing wall, 

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Street's expectations will also 
touch on the crucial role. 

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The Shanghai gigafactory and how
Tesla's aggressive price. 

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Cutting strategy has sparked a 
fierce price War among its 

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competitors. 
I'll stay tuned as we explore 

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what these impressive numbers 
mean for Tesla's future. 

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The impact of the company's 
Global price reductions on its 

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overall Financial Health and 
whether Tesla can maintain its 

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ambitious long-term. 50 percent 
compound annual growth rate as 

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the EV Market continues to 
expand while. 

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So look at how Tesla's dominance
is shaping. 

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Being The Wider automotive 
industry and revolutionising 

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personal Transportation. 
Now, Tesla announced on Sunday 

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that it had successfully, 
delivered 420. 2875 V's during 

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the first quarter of 2023 that's
past wall, Street's estimated 

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four hundred and twenty thousand
units. 

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The automaker produced four 
hundred and forty thousand eight

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hundred Any Vehicles during the 
same period making these the 

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highest delivery in production 
figures in the company's 

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history. 
Now in quarter for of 2022, 

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Tesla reported record-breaking 
delivery numbers of 405,000 278 

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V's while production reached 430
9701 units. 

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However these figures fell short
of wall Street's predictions 

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causing concerns amongst 
investors fast forward to 

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Quarter one 2023 and Tesla's. 
Delivery numbers have shattered 

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previous records. 
Bolstered by sales from its 

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Shanghai gigafactory. 
Although Tesla doesn't provide a

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regional breakdown of his 
delivery and production stats 

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data from the China passenger 
car Association. 

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The CPC a reveals that the 
company sold 140,000. 453 China 

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made vehicles in January and 
February. 

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Now if Tesla's March deliveries 
in China, match February's 

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figures. 
It would mean that more than 

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half nearly two hundred and 
fifteen thousand of q1 

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deliveries originated from the 
Shanghai plant now, Tesla began 

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slashing prices for its EVS in 
China, back in October with 

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further, reductions for model 3 
and model y vehicles in January 

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by 6% to 13.5% and these price 
Cuts have fueled, a price War 

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among competitors, such as 
racing, Neo Volkswagen in. 

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Sadie's bends and as a result 
Tesla vehicles are now up to 14 

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percent cheaper than last year 
and in some cases nearly 50% 

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less expensive than those sold 
in the US and Europe. 

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Now the company has also 
implemented price reductions in 

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Europe, Mexico and the us over 
the past few months and in 2023.

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Tesla dropped prices for model Y
and model 3 vehicles in the US 

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by up to 20% while model. 
S&S Vehicles, so reductions of 

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up to nine percent. 
Now, the automaker relaunched 

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its Europe referral program last
week to boost sales before the 

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quarters end, to help them 
increase profitability as well. 

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Now Tesla share price 
experienced a 4.2 or a 6.2 for 

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excuse me percent increase on 
Sunday during off trading hours,

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following the announcements if 
it's quarter, one 2023 

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production and delivery results.
This surge in value his much 

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needed after the last few months
that we're kind of tumultuous. 

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And they're characterized by a 
plummeting share price of the 

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end of 2020 to do to Elon Musk 
buying Twitter. 

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In overhauling the social media 
platform. 

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Now investors were also wary the
Tesla's widespread price cut 

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across the various markets 
including a seventy five hundred

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dollar discount for u.s. buyers 
who took delivery before the end

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of 2282 could signal low 
customer, demand going forward 

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during Tesla's quarter for 2022 
earnings call, the January must 

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get tempted to alleviate 
investor concerns by stating 

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that And head and feet and fact 
surpassed production, he 

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acknowledged that price 
decreases in general inflation 

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could impact the, company's 
short term Automotive margins 

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however Tesla remains focused on
its operating margin. 

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More information on how these 
Global price, reductions have 

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affected Tesla's. 
Overall business will become 

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available when the company 
reports, its q1 earnings on 

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Wednesday, April 19th. 
And at the end of 2020 to Tesla 

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declared its intention to stay 
ahead of its long-term, fifty 

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percent compound annual growth 
rate targeting approximately 1.8

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million cars for the year. 
Tesla has again, demonstrated 

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its capability to break records?
This time in quarter one 2023 

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with this delivery and 
production numbers. 

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The Shanghai gigafactory has 
also played a significant role 

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in these achievements in the 
aggressive price cutting 

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strategy and China. 
And other markets has ignited a 

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fierce price War amongst 
competitors while some investors

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initially viewed, these price 
Cuts as a possible sign of low 

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demand, Tesla has surged and the
delivery numbers suggest 

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otherwise and as the company 
gears up for the release of its 

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quarter one earnings on April 
19th, all eyes will be on how 

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these Global price reductions 
have impacted Tesla's overall 

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Financial Health. 
With the goal of maintaining its

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long-term 50 percent, compound 
annual growth rate in producing 

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1.8 million vehicles. 
In 2023, Tesla has ambitious 

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plans for expansion show, No 
signs of slowing down now. 

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Tesla's continued success in the
EV Market has significant 

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implications, not only for just 
Tesla, but also for the wider 

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Auto industry as more, 
automakers look to transition to

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Evie's and electric vehicles. 
Tesla's market, dominance 

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inability to adapt to various 
regions, and pricing structures,

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serve as a template for growth 
in the future, and for 

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Innovation for those Other EV 
companies. 

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Now Tesla has a global demand 
for EVS, other companies will be

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getting on board in Tesla's 
record-breaking. 

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Q1 2023 results, showcase the 
growing influence of the EV 

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market and the company's ability
to maintain its position as a 

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front-runner in the race to 
revolutionize personal 

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Transportation as Tesla 
continues to push the boundaries

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of what's possible in TV 
manufacturing. 

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It also paves the way for A more
sustainable future one EV at a 

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00:08:04,100 --> 00:08:08,200
time, whether it's through 
Tesla, or any other automaker. 

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That's in this industry. 
Thank you so much for listening 

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to the Elon Musk pod today. 
My name is Will Walden if you 

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enjoy Elon Musk news SpaceX 
Tesla, boring Company neurolink,

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Thanks again for listening. 
Take care. 

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And I'll see you in the next 
one. 

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Day. 
Thanks again for listening. 

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Take care. 
And I'll see you in the next 

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one.