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Tesla Daily: Tesla News & Analysis

August China Sales, Canada Factory Possibilities, Price Target Increase, Full Self-Driving Name (09.01.22)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 2 September 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

➤ CPCA official comments on Tesla’s Shanghai sales for August
➤ Tesla continues lobbying in Canada
➤ Piper Sandler increases TSLA price target
➤ California Senate passes bill regarding marketing of ADAS features
➤ Tesla delivers first Model Ys to Japan
➤ AXA apologizes for stunt
➤ Volkswagen unable to meet software target
➤ Cruise issues voluntary software recall

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Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Michael Pastrone
Executive producer Richard Del Maestro
Executive producer John Beans
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 Rob now we're here and today we're going to be talking about Tesla sales in

0:11.3

August.

0:12.3

In China we've got a comments on this from a CPCA official so we'll talk about what that

0:15.5

means maybe for production as well.

0:18.0

We've also got news on Tesla in Canada, an updated price target from Piper Sampler, they

0:21.8

have upped their Tesla price target and a few other items as well.

0:26.2

But if you're with the stock Tesla today, kind of a strange day, pretty significant

0:30.3

dip during mid-morning and afternoon, but Tesla recovering in the afternoon, finishing

0:34.3

up six tenths of a percent to close at $277.16 while the NASDAQ was down a quarter percent

0:40.1

on the day.

0:41.1

So I think we had five red days on the road there for Tesla, but narrowly edging out or

0:44.9

avoiding that sixth, so we're nice to see that for today.

0:48.7

So let's hop into the China sales news here first.

0:52.3

So as we've been talking about, this should be a pretty big month for Tesla as finally

0:56.8

the upgrades have been completed for Model Y and then in early August we did have some

1:00.9

downtime for the Model 3, but those upgrades have been completed as well.

1:05.2

So keep that in mind with this number, it does include a little bit of Model 3 downtime

1:08.4

but should be seeing really the full strength of Model Y and partial strength, partial

1:14.5

full strength for the Model 3.

1:16.6

So see an EV post covering this here, Tesla's sales in China in August, so we're talking

1:21.6

wholesale sales here, which would be a mix of retail and export are expected to reach

1:25.9

$77,000 units according to China passenger car association official saying this today.

...

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