Amazon Outlines Huge Rivian Order, Daimler Comments on ICE Development, Tesla Wraps up at Nürburgring (09.19.19)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 20 September 2019
⏱️ 13 minutes
🧾️ Download transcript
Summary
– Amazon announces intention to purchase 100,000 all-electric delivery vans from Rivian (Link)
– Daimler comments on future engine development plans (Link), perhaps conflicting with previous statements (Link)
– Tesla packs up at the Nürburgring
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Disclosure: Rob Maurer is long TSLA stock & derivatives
The post Amazon Outlines Huge Rivian Order, Daimler Comments on ICE Development, Tesla Wraps up at Nürburgring (09.19.19) appeared first on TechCast Daily.
Transcript
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| 0:00.0 | Hello and welcome to the Thursday September 19th |
| 0:09.9 | 2019 edition of Tesla Daily Unofficial Tesla Podcast. My name is Rob Maower. Today we're talking about |
| 0:15.2 | Amazon placing a significant order with Rivian, Daimler commenting on the future of their |
| 0:20.0 | engine developments, as well as a little bit more news from the Nurembergring. |
| 0:23.4 | Tesla stock on the day today did finish up 1.28% to $246.60 |
| 0:29.4 | that compared to the NASDAQ up 0.07%. |
| 0:33.0 | Big news this morning from Amazon, |
| 0:35.0 | as part of a press release announcing what they call the Climate Pledge, |
| 0:38.0 | they also announced that they intend to purchase 100,000 electric vehicles from Rivian. |
| 0:43.7 | These would be delivery vans that Amazon would use |
| 0:46.2 | as a part of their logistics fleet |
| 0:47.8 | with the first vans arriving sometime in 2021. |
| 0:51.0 | From Amazon's press release, quote, |
| 0:53.0 | Amazon plans to have 10,000 of the new electric vehicles on the road as early as |
| 0:58.0 | 2022 and all 100,000 vehicles on the road by 2030." |
| 1:03.0 | If you happen to see any of the reporting on this this morning, you may have seen a timeline of |
| 1:07.6 | 2024 for the entirety of that 100,000 vehicle order deployment. |
| 1:12.5 | That obviously does not match up here |
| 1:14.0 | with what we're seeing in the press release, |
| 1:15.8 | which says 2030. |
| 1:17.3 | I did some digging on that to figure out |
| 1:18.8 | why most media seemed to be reporting on the 2024 timeline. |
... |
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