Berlin Batteries, TSLA Drops, Timeline & Price Changes, China Follow Up, Semiconductors (04.28.21)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 29 April 2021
⏱️ 12 minutes
🧾️ Download transcript
Summary
➤ Tesla stock continues to fall after reporting Q1 earnings
➤ Brandenburg reports Tesla’s intent to modify their production approval application to include battery cell production
➤ Tesla updates delivery timelines for Model Y in Europe, Model S/X in the US
➤ Tesla continues to raise prices in the US
➤ New information on viral protest of Tesla in China
➤ IIHS publishes new safety data comparing electric vehicles to internal combustion engine vehicles
➤ Ford reports earnings, announces drastic production cuts
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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, we're out of malware here good to be back on a normal schedule here for |
| 0:10.9 | Tesla daily after all of the earnings excitement. |
| 0:13.4 | We do have a few stories to go through today in terms of news and a couple items to catch |
| 0:16.8 | up on that we've missed over the last few days. |
| 0:19.5 | First though, let's take a look at the stock Tesla today finishing down 1.5% after finishing |
| 0:23.6 | down 4.5% yesterday to close today at $694.40. |
| 0:28.7 | So now down 6% since reporting Q1 earnings. |
| 0:32.0 | Looking at volume you'd never know there wasn't earnings report this week, 29 million shares |
| 0:35.7 | trading yesterday about 22 million shares trading today, quite a bit lower than the average |
| 0:39.8 | last week or even the week prior. |
| 0:42.0 | As for the macro, since Tesla reported earnings hasn't been too bad but not doing Tesla |
| 0:45.3 | any favors, the NASDAQ yesterday down 4.10% today down 3.10%. |
| 0:50.6 | One thing that is kind of fun to look at with the stock price though, if we set the stock |
| 0:53.8 | price itself aside, is the price to earnings ratio so as we talked about in the bull case |
| 0:57.9 | presentation last week, the price to earnings ratio had been sitting around 1100X. |
| 1:02.3 | We've been hearing or at least I've been hearing an endless stream of comments that |
| 1:06.4 | is way too high. |
| 1:07.4 | I've explained why I don't believe that to be the case and here we sit one and quarter |
| 1:10.8 | to later and the price to earnings ratio has now dropped from 1100X to 695X. |
| 1:16.8 | So that price to earnings ratio nearly cut in half with just one report. |
| 1:20.4 | This is why it's not valuable to look at that on a trailing basis and value the company |
| 1:24.3 | on that when it's growing so rapidly. |
... |
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