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Tesla Daily: Tesla News & Analysis

AI Day: What to Expect, FSD Beta & Subscription, S/X Refresh, Huawei, Cruise, EQS (04.15.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 16 April 2021

⏱️ 15 minutes

🧾️ Download transcript

Summary

➤ Elon Musk sets targeted date for Tesla AI Day, what will Tesla unveil?
➤ Timeline updates on Tesla’s FSD Beta rollout and the FSD subscription option
➤ Tesla fails inspection in Fremont
➤ IDRA equipment arrives at Giga Texas
➤ Huawei claims superior autonomous driving performance over Tesla
➤ Cruise increases funding round, adding Walmart
➤ Mercedes unveils all-electric EQS exterior
➤ Stellantis schedules “Electrification Day”
➤ SpaceX update

Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast
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Plaid producer Who Why
Plaid producer Ice Lakes Investments
Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre/Maria Kent
Executive producer Jeff Sheets
Executive producer Jessie Chimni
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody, we're on an hour here, and today we're going to be talking about some

0:10.2

recent Elon Musk tweets about Tesla's AI Day, looks like we may have a tentative date

0:14.6

for when that may be scheduled, we'll talk about what to expect for that event, we've

0:18.2

also got a little bit of an update on the Model S and X refresh and a couple other stories

0:21.7

as well.

0:22.9

Quick look at the stock, Tesla today finished up 9.10% to $738.85, that did trail slightly

0:28.8

behind the NASDAQ up 1.3%, and volume really fell off today for Tesla, about 27.5 million

0:34.4

shares traded today, versus the pretty high volume days we had yesterday and the day prior.

0:39.4

Yesterday of course we did have that coin-based direct listing, so I know a lot of people

0:43.3

like to take a look at what ARC is doing with their trading, they did sell off some

0:47.2

Tesla yesterday, that always seems to get a little bit of attention on social media,

0:50.8

but definitely a normal process for ARC, Tesla's still their top holding in many funds,

0:55.0

it has risen above 10% in some of those funds, and generally when that happens ARC tends

0:59.0

to sell it down a little bit, and on the coin-based point ARC did initiate positions there across

1:03.7

funds at about 0.75% weight, so selling some Tesla would help provide liquidity for that

1:09.1

new position.

1:10.1

So nothing too surprising there, I just wanted to point it out because again it gets

1:12.7

talked about, and that may have been a little bit of pressure on Tesla in general yesterday

1:16.0

as Tesla had a tougher day, ARC probably not the only one to make a move, like that.

1:20.2

Alright, with that being said, let's get into AI Day, Elon Musk had a number of tweets

1:24.3

yesterday about Tesla and their progress in artificial intelligence.

1:27.7

He kicked it off by noting that quote, Tesla AI slash autopilot engineering team is awesome,

...

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