China's President Xi is getting ready to wrap up meetings with President Trump in Washington.
"Every time they talk, I think we see a different level of intimacy about these difficult issues that we're dealing with," says @USAmbChina David Perdue.
$TSLA Semi is a great product. It's just not a great product for Tesla right now.
The constraint is batteries. Cybercab, Model Y and Semi all draw from the same limited supply of 4680 cells.
So the question isn't whether Semi is good. It's what each cell earns.
Per cell, Semi makes roughly 20 to 30% less than a Model Y, and far less than Cybercab.
When supply is capped, you don't allocate to demand. You allocate to margin. Every cell in a Semi is a cell that didn't go into a higher-earning product.
That's why Semi won't scale anytime soon, even though the market wants it.
A new proposal on Capitol Hill is pushing for he U.S. & China to work together on stopping major AI risks. Authors of the bill @repliccardo & @KevinKileyCA discuss: