Big FSD News, SR Model Y, China Sales, ARK, Volkswagen/BMW Fines, Stellantis EV Day (07.08.21)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 9 July 2021
⏱️ 16 minutes
🧾️ Download transcript
Summary
➤ Elon Musk provides a more firm timeline for FSD Beta alongside some new information
➤ Tesla releases cheaper Model Y in China with some interesting specs
➤ CPCA reports June Tesla sales in China
➤ Tesla reportedly faces fine for some Giga Berlin construction
➤ Volkswagen, BMW fined for actions related to emissions scandal
➤ Stellantis announces electrification strategy at “EV Day”
➤ ARK Invest (ARKK) buys TSLA stock for the first time in a month: https://bit.ly/3AT89gu
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Plaid producer Who Why
Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jeff Sheets
Executive producer Jessie Chimni
Executive producer Tesla Summary
Executive producer Jeffrey Yu
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody Rob, now we're here and after a couple of relatively quieter news days |
| 0:11.2 | for Tesla, it seems like all the big news has hit us at once. |
| 0:14.0 | We have a more firm update on the full self-driving beta from Elon Musk. |
| 0:18.2 | We have the reintroduction of the standard range model Y, this time in China. |
| 0:22.0 | That's interesting in and of itself, but there are actually a few more details around |
| 0:25.0 | that making it even more interesting. |
| 0:26.9 | We've also got June, China numbers, we'll talk about those. |
| 0:29.8 | And we do have a couple other items as well. |
| 0:31.9 | One of which is about the stock, so we'll start there. |
| 0:34.4 | Tesla on the day to day did trade as low as $620 per share, but it steadily rose throughout |
| 0:39.2 | the day, closing the day up 1.3% to $652.81. |
| 0:45.0 | That outperformed the NASDAQ, which was down about 7% on the day. |
| 0:49.0 | Obviously, a lot of news that we're going to go through here, so I won't speculate too much |
| 0:52.2 | on what drove the price action today, but one thing I did want to point out on the stock |
| 0:56.0 | is that ARC Invest has actually started buying Tesla again. |
| 0:59.3 | Now, it's not new for ARC to trade Tesla, they do rebalance their position quite often. |
| 1:03.8 | But this is the first time in over a month that in any of ARC's ETFs, they have traded |
| 1:08.2 | Tesla. |
| 1:09.2 | The purchase yesterday was about 110,000 shares or about $70 million worth of Tesla stock |
| 1:14.2 | added to the ARCK Innovation Fund. |
| 1:16.8 | This was also the biggest Tesla purchased by ARC since February, so we did a whole article |
| 1:20.9 | on that, it's about 900 words just going into some of the reasoning behind that, a lot |
... |
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