00:00:43.920We're super excited to start production with the Tesla Semi truck.
00:00:47.620And this is really going to be a revolutionary truck that is capable of carrying the heaviest loads over very long distances with ease of recharge.
00:00:56.840mega charger that's capable of a megawatt of power this is really going to be a phenomenal
00:01:03.140truck and it's going to be really also a driver's truck drivers are going to love driving this
00:01:06.760truck because it's it just has so much acceleration it's it's like almost like a sports car in truck
00:01:12.300form so it's it's going to be the funnest truck to drive in the very near future we'll be adding
00:01:18.480in the self-driving features so these will be incredibly important for for safety so if somebody
00:01:24.900on a long truck journey, they can engage the Tesla self-driving and greatly improve safety
00:01:33.040and comfort of driving so that the driver arrives at the destination and still feels
00:01:39.280refreshed. Otherwise, driving for any hours can be quite exhausting. So this is really
00:01:43.820going to be a game-changer truck. And also, it's going to make a ton of sense economically
00:01:48.620because the cost of electricity per mile is much less than the cost of diesel, especially
00:01:52.500in these crazy times what a great timing so i think this is really going to be something that
00:01:56.320works on on every level yeah i'd recommend placing more orders if you haven't already
00:01:59.880uh but the waiting list is already pretty significant um and this is really going to be
00:02:04.340a breakthrough product for for uh heavy shipping thank you and thank you for coming so check this
00:02:09.080out the tesla truck can go up to 500 miles loaded okay consume about 1.7 kilowatt per mile and
00:02:18.700recover roughly 60 percent of its range in 30 minutes of the charge that they have so large
00:02:24.440fleet operators are the ones that are mainly excited about this you got walmart dhl you got
00:02:29.960pepsico uh uh you know some of these guys a a shipper coalition recently selected tesla as the
00:02:36.420primary supplier for an order of you ready they ordered 2500 electric class 8 trucks 2500 they
00:02:45.820ordered one dhl's reaction especially meaningful because they actually tested it so they're the
00:02:50.900ones that are you know super excited about it fleet cfos when diesel is expensive they're sitting
00:02:55.140there saying are you kidding me i'm paying you know uh axios reported tesla's comparison showing
00:02:59.520diesel fuel costing roughly 80 cents a mile recently versus a 20 to 30 cents mile for
00:03:05.320electricity so those guys the cfos are excited drivers who have actually driven it they sit
00:03:10.260there and say you mean to tell me i can take a nap and relax and watch a movie and this guy's
00:03:13.700self-driving? Yes. Now, who's worried is the question. Tom, I'm going to come to you with
00:06:25.040And right now, there is a factoring company in Chicago that said one of their customers, Pat, one of their customers lost $2 million of the $2.5 million of EBITDA they have this year on fuel cost.
00:06:57.780And in California today, in California, with the, I think it's $2.07 tax, we're seeing 801 for diesel in California was legitimately over the weekend, there was 801 diesel, not just at one location.
00:07:14.080There was multiple locations that it breached to eight.
00:07:16.720Now, I think it's back to 765 this morning, but still, oh, back to 765.
00:07:55.560Well, Lance, respectfully, you could say that, but the market talks.
00:08:00.340So if the market places orders of thousands of these EVs, they're telling you they want it.
00:08:05.920Now, if it works or it doesn't work, we're also going to find that out 6, 12, 24 months later.
00:08:10.480But the reality of it is he said he was going to do it.
00:08:13.020And if you're going to make that investment into this, of knowing this is eventually going to be here, you better believe it's because there's a market forward.
00:08:20.120Nobody comes out with a product that's, and by the way, it may fail, it may not succeed, but the market has been excited about this for a while.