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Tesla Daily: Tesla News & Analysis

Battery Supply Expands, AI Day Invites, Robotics Job Listing, Price Changes (08.04.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tsla, Model3, Technology, News, Tesla, Investing, Tech News, Modely, Business, Models, Modelx

4.81.1K Ratings

🗓️ 5 August 2021

⏱️ 12 minutes

🧾️ Download transcript

Summary

➤ Tesla battery supply set to increase in Q3
➤ Tesla begins sending out AI Day invitations
➤ Tesla continues increases prices
➤ White House to hold announcement with Detroit automakers
➤ GM reports earnings, discloses Chevy Bolt recall costs

Twitter: https://www.twitter.com/teslapodcast
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Plaid producer Who Why
Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Tesla Summary
Executive producer Jeffrey Yu
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, you're up now we're here and today we're talking about some news on

0:10.7

Giggin Nevada.

0:11.7

It's been kind of the forgotten child for Tesla with all the excitement around Giggin

0:15.5

Berlin, Austin and Shanghai, but we do have some news on Giggin Nevada to talk about today.

0:20.0

We've also got more information on AI Day, another round of price increases from Tesla,

0:24.8

some news on GM and some Mac are news as well.

0:27.8

The stock on the day to day finishing up ever so slightly again, two tenths of a percent

0:31.4

to $710.92 for the sixth green day in a row.

0:36.4

That nearly outperformed the NASDAQ which was up about a tenth of a percent, but the volume

0:40.1

was pretty low again today so we've seen that drop back down yesterday.

0:43.7

Same thing today, now down to about 16 million shares on the day, lower than July's average.

0:48.8

Alright, so first up here we've got news on Giggin Nevada and this is per Panasonic's

0:53.5

earnings report.

0:54.6

They often share little details about their automotive batteries business and this report

0:58.2

no different thanks to a 10 permanent on Twitter for passing this along, but in the report

1:02.5

they break down their midterm strategy highlight progress on key initiatives and one of those

1:06.8

is that automotive batteries business and in that section they say they have a new production

1:11.0

line in the North America factory that is expected to start operations in August 2021.

1:17.1

We have actually talked about this expansion before so we did know this was coming but this

1:20.4

is just the most recent update and confirmation of that timeline.

1:23.8

As for what that means, if we flip back to Panasonic's last quarterly report, we can

1:28.0

see that they intended this expansion to grow production capacity from 35 gigawatt hours

...

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