On July 27, Tesla achieved a record revenue of $11.958 billion and a net profit of $1.1 billion in the second quarter, and proved that it has a sustainable business. After all, with the end of the second quarter of 2021, Tesla has now made profits for eight consecutive quarters, although chip shortages and supply chain problems continue < p > < / P > < p > as discussed in the second quarter earnings report of 2021, Tesla achieved several milestones in that quarter. For example, Tesla's plant in Texas has begun commissioning, the Berlin plant is moving forward, and the Shanghai plant has completed its transformation as the company's main automobile export center. In addition, the development of 4680 battery has also made progress. Even Tesla energy performed well in the second quarter, with the number of battery storage devices deployed tripled year-on-year. The same is true for the deployment of solar roofs < p > the following is a summary of Tesla's earnings conference call for the second quarter of 2021: < / P > < p > musk stressed that the second quarter of 2021 was a record quarter, whether it was new car delivery, production or revenue. Musk also pointed out that the electric vehicle industry is at an inflection point, and the market is now more and more aware that electric vehicles are the direction of the whole industry < p > musk discussed how Tesla launched emergency measures to meet the challenges posed by chip shortage, and praised Tesla's team and suppliers for helping the company solve the problem of material shortage < p > musk also discussed the release of subscription service of "fully automatic driving" (FSD) suite. As this driver assisted driving system becomes more mature, the utilization rate of FSD subscription may be very high. He is confident that Tesla can realize automatic driving < p > musk also praised the Texas factory team. He said: "a year ago, there was nothing here. A year later, a large factory that was basically completed is about to be completed!" He also mentioned the new model Y Series, which will be different from the model y produced so far. Musk still insists that factories in Texas and Berlin may start producing model y later this year < p > musk revealed: "the model Y Series in Texas and Berlin look very much like the model y we have produced, but they will still be very different. The model y produced by the Berlin plant will have a cast rear and front body. " He also confirmed that Tesla has a 2170 battery backup plan, but 4680 batteries will certainly be produced on a large scale < p > Zachary kirkhorn, chief financial officer of Tesla, said that even without the revenue from selling carbon credits, the company's financial situation has improved greatly. He stressed that Tesla's average selling price (ASP) continued to decline while maintaining its auto profit margin, which was largely achieved by optimizing the company's operations < p > kirkhorn confirmed that Tesla's performance this year will be more eye-catching in the third and fourth quarters. "Our sales in 2021 will surge in the second half of this year," he said < p > it is very complicated to produce cars. Battery production will double next year < / P > < p > retail investors began to ask questions. The first problem is related to the production of Tesla electric pickup cybertruck. Tesla has pointed out that after the Texas plant starts producing model y, it will seek to increase the cybertruck production of the plant < p > musk emphasized the complexity of producing cars and how each electric vehicle is composed of thousands of parts. He pointed out that Tesla has rich experience in expanding automobile production. He also pointed out that the mass production of cybertruck and Tesla electric truck semi will be greatly affected by battery availability < p > however, Tesla expects battery availability to increase significantly next year. "Maybe not in January, but it will happen sometime next year," Musk said Musk hinted that Tesla's battery production next year will be twice that of 2021. Considering that the company has set a record this year, it will be more impressive < p > musk seems to avoid the previous overly optimistic estimation model. He emphasizes that these are only current predictions, and his estimation may change according to possible challenges or obstacles < p > musk pointed out that the company plans to develop backup plans for vehicle batteries. If the battery production is excessive, it will be transferred to Megapack and Powerwall. Like its current strategy, battery shortage may reduce the production of Powerwall and Megapack < p > musk pointed out that Tesla is seeking to strengthen its raw material supply chain. He said that Tesla no longer uses cobalt in its LFP battery pack, and the company may even turn to iron-based batteries instead of nickel based batteries in the future. "We expect the cobalt content in batteries to be zero in the future, and all fixed energy storage, such as Powerwall and Megapack, will use iron-based batteries," Musk said < p > the second problem is related to Tesla's plan to open the charging network to other electric vehicles. Musk pointed out that for non Tesla owners, this process will be very simple and can be realized through applications. He did say that there will be a time limit for non Tesla owners to charge. After all, the charging station is sometimes overcrowded and sometimes empty. Musk added: "Tesla will also be more intelligent in charging and charging methods." He pointed out that Tesla will use a time-based pricing model for non Tesla electric vehicles < p > non Tesla electric vehicles will have to use charging adapters. Musk joked that they will be provided at the super charging station. "Our goal is to support the arrival of sustainable energy," he said. Our intention is not to create a walled garden that we can use to fiercely attack our competitors. " He also stressed that opening the charging network to other electric vehicles will promote the growth of charging systems faster than ever before < p > the third question asked about the progress of 4680 battery. Musk pointed out that in the case of limited testing, the 4680 battery is reliable enough for the vehicle. At present, only how to overcome the problem of mass production is left. Musk said: "we will make the 4680 battery reliable enough, which has been verified. But there are many challenges in the transition from small-scale production to large-scale production. " < p > musk pointed out that Tesla will provide a large number of equipment for the mass production of 4680 batteries. "Most likely, by the end of next year, our annual growth rate will reach 100 GWH per year," he said< / P > < p > unless a major event is announced or no longer participates in the financial report meeting < / P > < p > as the founder and CEO of Tesla, musk has almost become synonymous with the company. For those who pay attention to Tesla, even those who own the company's shares, musk is a familiar face and voice. He will appear on most occasions, whether live or online. However, musk may be seeking to withdraw from the spotlight, at least on the earnings conference call < p > at the second quarter earnings conference call, the fourth question raised by retail investors was whether musk would be interviewed by Tesla's long YouTube channel from time to time. In this regard, musk said after thinking: "I do this every year." But he pointed out that over time, he may not speak on the Tesla earnings conference call unless there is something really important to announce. Musk may only speak at the annual general meeting < p > musk said: "I could have done other work during the interview. In the future, I will not necessarily attend all Tesla earnings conference calls. Obviously, I will attend the annual shareholders' meeting, but I think I will probably not attend the earnings conference call in the future unless I have something really important to announce. "

believes that the automatic driving system will eventually be safer than human

. The first problem comes from Oppenheimer analyst Colin Rush (Colin Rusch). He asked about the FSD conversion rate. Musk pointed out that it is not worth making a commitment in this regard because it is meaningless. Tesla focuses on making FSD widely used. The analyst asked about any progress made by regulators and their understanding of FSD security technology. Musk responded that Tesla did not see fundamental inhibitors in this regard

musk reiterated his previous view. He pointed out that once the autopilot system is proved to be safer than human drivers, regulators may be more welcoming. He also reiterated the elevator example he had given before. In the past, elevators were manual, but now they have been fully automated. The same thing may happen to autopilot < p > when asked about other services Tesla may provide, musk pointed out that FSD will be the main service provided by the company. He stressed that Tesla is in a leading position in electrification and autonomy. Whatever the controversy surrounding the company, this is an indisputable fact < p > Wolfe research analyst rod lache asked Tesla's estimate of innovations such as rear body castings and 4680 batteries. Musk points out that making predictions is difficult. "You need a lot of crystal balls to accurately predict what it will look like," he said < p > follow up questions were asked about Tesla's progress in battery manufacturing technology. Tesla pointed out that the company is making progress, but there are still challenges. Although more than 90% of processes have been validated, they are still limited by unverified processes. However, the company is satisfied with its dry electrode process < p > Pierre Ferrau, an analyst at news Street research, asked about the source of Tesla 4680 battery. Musk confirmed that Tesla is working with existing suppliers to produce 4680 batteries for its vehicles. He also pointed out that some Tesla vehicles will not use 4680 cylindrical batteries as predicted by some more enthusiastic bulls < p > musk mentioned some key data about Tesla energy. With enough batteries, Tesla Powerwall can produce 1 million sets next year. In the long run, musk also pointed out that Tesla and its suppliers are expected to produce batteries worth 1000-2000gwh per year < p > when asked about the company's FSD subscription plan, musk said that Tesla must first make the system run very well. Before that, it was difficult to predict how well FSD would perform. "Once we fully deploy FSD, the value issue will become clear," he said（ Small) < / P > < p >