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Tesla Daily: Tesla News & Analysis

China July Sales + Cybertruck, Model S Updates (08.10.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

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

4.81.1K Ratings

🗓️ 11 August 2021

⏱️ 12 minutes

🧾️ Download transcript

Summary

➤ China Passenger Car Association reports on Tesla sales and exports in China for the month of July
➤ Tesla updates Cybertruck production timeline
➤ Model S order holders receive new delivery windows
➤ US Senate votes on $1 trillion infrastructure bill
➤ Porsche CEO comments on EVs
➤ News on The Boring Company
➤ Scheduling update for the rest of the week

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Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
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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, we're out of malware here and today, as expected, we are going to be

0:10.5

talking about China July sales reports.

0:13.4

We do also then have an update on the cyber truck and the Model S, news on the trillion

0:17.4

dollar infrastructure plan and a couple other stories as well.

0:20.6

Not too bad of a day for Tesla stock given the context of the China numbers, which of course

0:24.0

we'll talk about in a second, but Tesla finishing down about half a percent to $709.99.

0:28.5

The NASDAQ was also down about half a percent.

0:31.4

So all in all, a pretty quiet day for the stock, and that low, low volume that we have been

0:35.0

seeing continues about 13 million shares trading today, two of the last four trading days

0:39.6

have been the lowest volume days that we have seen in about a year and a half.

0:42.9

Alright, so let's talk about those China numbers, which came out overnight here in

0:46.1

the US.

0:47.1

These can be a little bit confusing in terms of what they actually mean, so we'll talk

0:50.2

about that.

0:51.2

But the first set of numbers that we got was reported from Shinchu Shing, which I'm

0:54.4

sure I'm butchering the pronunciation of, but that report put China to July sales for

0:58.2

Tesla at $8,998, comprised of $6,601 Model 3 and $2,397 Model White.

1:05.9

Obviously those numbers are down quite a bit from June levels, it looks a little bit concerning

1:09.5

at first, but shortly after that came out, we did get the report from the CPCA, so these

1:14.2

are usually the numbers we're talking about.

1:16.1

That's the China passenger car association, which while they're not Tesla official numbers

1:20.1

they have seemed to be pretty accurate in the past.

...

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