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Jon McNeill

๐Ÿ‘ค Speaker
610 total appearances

Appearances Over Time

Podcast Appearances

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

Right.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And that was religion there, partly driven by the fact they didn't want to be a typical car company.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

They wanted to make you the car you wanted versus the car the car company wanted to sell.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

Right.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And it's something everyone will nod their head to.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

Fully customizable, of course.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

Totally.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

But that led to like 360,000 different combinations of a car that you could choose, which is driving a lot of clicks, plus a lot of decision fatigue for people.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And so we went and ran the data, my team ran the data, and we came back and figured out that people weren't buying 360,000 versions, they were buying two.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And it was either what is known today as a standard or a performance.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And so I went to the head of manufacturing, Greg Rykow, and the head of engineering, Doug Field,

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

I said, hey, look, I'm the new guy here.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

I've never been in the car business, so I could be completely stupid about this.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

But let me show what the data says.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

The data says that out of all these 360,000 combinations of build to order, people are only buying two.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And what would it mean to you guys' side of the business if there were only two?

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

Exactly.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And that's exactly it.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And so Greg, who's running manufacturing says, oh my God,

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

I've been waiting for this day for somebody to really drive this because you know what that would do to our factory?