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Tesla Daily: Tesla News & Analysis

Autopilot Rewrite, China Model Y Production Volume/Timing, Bill Gates/Elon Musk, Tesla Solar (09.14.20)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 15 September 2020

⏱️ 16 minutes

🧾️ Download transcript

Summary

➤ Elon Musk updates on timeline for significant update to Tesla’s Autopilot and Full Self-Driving software
➤ TSLA stock fully recovers from worst single-day performance in less than a week
➤ Goldman Sachs issues updated note on TSLA exploring Tesla app downloads
➤ Bill Gates casts doubt on Tesla’s Semi plans, Musk responds
➤ Nikola Motors reportedly under SEC investigation after research report
➤ China heat pump supplier documents may reveal production schedule and volume for the made-in-China Model Y
➤ Elon Musk breaks down cost of solar as Tesla partners with third-party installers for Tesla Solar Roof
➤ Battery Day invitations conclude as Elon Musk hints at Plaid update

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Executive producer Bradford Ferguson
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Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

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0:00.0

Hey everybody Rob Mauer here and quite a bit to go through today. We have an updated note on Tesla from Goldman Sachs. We'll go through that briefly. Quite a few tweets from Elon specifically relating to full self-driving as well as an ongoing. I don't know if I'd call it a feud with Bill Gates, but a little bit there.

0:23.2

Then we have some news out of China, news on solar, and a couple other stories to go through as well.

0:27.8

First thing today is Tesla stock, finishing up 12.5% on the day to $490.62.

0:34.0

That compared to the NASDAQ also a pretty strong day up 1.9 percent.

0:38.0

But Tesla continues to rebound.

0:39.0

The closing price today is actually now above the closing price on Friday 94 right before the

0:44.6

S&P inclusion announcement that did not include Tesla happened. So Tesla has

0:48.8

now completely erased the down 21% worst single day performance ever last week on Tuesday,

0:54.0

providing us with yet another example of why I personally hate stop loss orders.

0:58.4

Sticking with the stock here for just a second, Goldman did issue an updated note today.

1:02.3

I believe they kept their price target the same, that is $295 post-split. But they did provide an update to a metric that they have been tracking that we've talked about in the past. That is global Tesla Downloads. They track this because they believe

1:14.2

there might be some correlation with app downloads and deliveries which I think

1:18.4

intuitively makes some sense though I don't think it was the best last quarter.

1:22.3

Anyway they write quote,

1:23.8

Tesla Global Weekly App Downloads have recently been tracking up

1:27.1

on a year over year basis with the most recent full week of global data

1:30.5

at up about 20% year over year."

1:33.0

Personally, I don't put a whole lot of weight in this.

1:36.0

This up 20% that's just the last full week.

1:39.0

They do also provide a rolling three month average.

1:41.0

That actually looks relatively close to last year's

1:44.4

Q3 though it's a little tough to tell because the charts that they have

...

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