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Tesla Daily: Tesla News & Analysis

Canaccord Upgrade, China Delivery Event (01.02.19)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 3 January 2020

⏱️ 7 minutes

🧾️ Download transcript

Summary

- Canaccord Genuity raises price target on TSLA
- Delivery event reportedly scheduled for Gigafactory Shanghai non-employee customers
- Elon Musk may have hinted at Gigafactory Shanghai production rate
- Quick discussion on Q1 potential

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Links:
Email: tesladailypodcast@gmail.com
Twitter: @teslapodcast
Patreon: patreon.com/tesladailypodcast

Ludicrous producer Vincent Smith
Executive producer Rob Gill
Executive producer Rish Singh
Executive producer Nick Wood
Executive producer Fela Winkelmolen
Executive producer Troy Cherasaro
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

Hello and welcome to the Thursday January 2nd 2020 episode of Tesla Daily

0:06.0

unofficial Tesla Podcast happy new year everybody my name is Rob mower today we have

0:10.1

unfortunately no Q4 deliveries to go through. I think we're hoping

0:13.3

that we'd get it either today in the pre-market or aftermarket. Doesn't look like that's

0:16.6

going to happen. So I'd expect those numbers to come either tomorrow during the

0:19.8

pre-market or aftermarket. If it isn't during the pre-market, that's probably not a great sign in terms of the numbers.

0:27.0

Usually you try to wait until the end of the week when the markets are closed to release bad news,

0:32.0

because then people have time to

0:34.0

digest it over the weekend and not overreact immediately. So if we don't see the

0:38.4

numbers in the pre-market tomorrow, it's probably not a good sign. That being said, I do

0:42.0

expect that we will see them in the pre-market tomorrow, but we'll have to wait and see.

0:46.2

Tesla stock on the day today was up 2.9% to $430.26 cents that compared to the Nasdac up 1.3%, so a really strong day for the macro

0:55.8

environment overall. This was boosted by some changes to China's monetary policy. They announced

1:02.0

that they would reduce the amount of cash that

1:03.7

Chinese banks need to hold in reserve, which allows more cash to flow into the economy,

1:08.4

which has a stimulating effect, and the markets reacted positively to that.

1:13.2

In terms of Tesla specific news for the day, we did get another price target upgrade

1:17.1

from an analyst, specifically Can Accord Genuity.

1:20.6

They increased their price target on Tesla stock from $375 per share to $515 per share.

1:29.0

They had a few positive comments to say in the note, including, quote,

1:32.0

we believe the trend towards electrification

1:35.0

will only accelerate in 2020.

...

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