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Tesla Daily: Tesla News & Analysis

China Military Tesla Restrictions/Risk + New Giga Press, Bitcoin, SpaceX (03.19.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 19 March 2021

⏱️ 8 minutes

🧾️ Download transcript

Summary

➤ China places restrictions on Tesla vehicles for military personnel due to data collection concerns
➤ IDRA announces secured order for 8,000 ton casting machine
➤ Tesla set to open additional Michigan location
➤ SpaceX rumored to have invested in Bitcoin alongside Tesla
➤ Checking in on SpaceX and what to watch for next week
➤ SpaceX Starship animation: https://youtu.be/C8JyvzU0CXU

Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast
Tesla Referral: https://ts.la/robert47283

Plaid producer Who Why
Plaid producer Ice Lakes Investments
Ludicrous producer Fred Hassen
Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre/Maria Kent
Executive producer Jeff Sheets
Executive producer Jessie Chimni
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 Rob, now we're here and today we're going to be talking about some new restrictions

0:10.8

placed on Tesla in China that have been getting a lot of attention today.

0:13.8

We also have an update on Tesla's newest casting machine, a little bit of news in Michigan,

0:18.3

an update on Bitcoin, and then I thought we could end the week with a quick check-in

0:21.1

on SpaceX.

0:22.7

Tesla stock, after trading down all day today, managed to finish in the green with I think

0:26.4

the help of the closing cross trade.

0:27.8

If you're not familiar with that trade, I have done an episode on that, go check that out.

0:31.1

But in that last 10 minutes of trading, Tesla managed to sneak into the green,

0:34.4

finishing up a quarter percent to $654.87, that compared to the NASDAQ up 3.4%

0:41.4

as yields all the rage to talk about lately held pretty steady throughout the day.

0:45.4

Alright, so the big news on Tesla today, which sure has generated a lot of fun headlines,

0:49.6

is that Tesla's cars have been banned by China on military complexes and military housing compounds.

0:55.9

From Bloomberg, I think they may have been the first to report on this before market

0:58.9

open this morning, quote, Tesla cars have been banned from Chinese military complexes and housing

1:03.6

compounds because of concerns about sensitive data being collected by cameras built into the

1:08.0

vehicles. The order, issued by the military, advises Tesla owners to park their cars outside

1:12.8

of military property, according to people familiar with the directive, who ask not to be identified

1:17.7

because the information is private. The ban, related to residents of military housing this week,

1:22.3

was triggered by concerns that the world's biggest maker of electric vehicles

1:25.6

is collecting sensitive data via the cars and built cameras,

1:28.4

in a way the Chinese government can't see or control one of the people said.

...

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