China Model Y Launch/Details, Plaid Model S, Giga NY, Battery Updates (01.04.21)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 5 January 2021
⏱️ 13 minutes
🧾️ Download transcript
Summary
➤ Tesla updates China design studio with number of changes to Model Y and Model 3 soliciting a strong reaction from customers
➤ TSLA briefly surpasses a $700 billion market capitalization
➤ Updated Model S with manufacturer’s license plate spotted as production shutdown continues
➤ Giga New York job posting mentions becoming the largest factory in the world
➤ Tesla and Panasonic agree to terms on new battery supply deal
➤ LG signs battery investment agreement in Indonesia
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Plaid producer Ice Lakes Investments
Ludicrous producer Fred Hassen
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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 Rob Ma'er, here and today we're going to be talking a little bit more about the |
| 0:11.1 | launch of the Made in China model why. We also have some |
| 0:13.8 | updates on the made in China model three, some news on the model S. Plaid and |
| 0:18.0 | Gigafactory New York, and some news in the battery supply chain from |
| 0:21.4 | Panasonic and LG. |
| 0:23.1 | First though, we have to take a look at the stock. |
| 0:24.6 | This is the first trading day of the new year |
| 0:26.4 | and also the first trading day since Tesla announced Q4 production |
| 0:29.8 | and deliveries. |
| 0:31.0 | Tesla finished up 3.4% today to 729.77 cents. That's a new all-time high |
| 0:37.2 | close after hitting an all-time high during trading of about 744 dollars per share, which actually for a brief period of time pushed Tesla above a $700 billion valuation. |
| 0:49.1 | The overall markets weren't great today. The NASDAQ finished down 1.5% after opening |
| 0:53.3 | nearly flat. So the broader market did seem to pull Tessel down a little bit with |
| 0:57.3 | it as it fell throughout the day. All right, so first up here I want to talk a little |
| 1:01.0 | bit more about the Made in China Model Y launch. |
| 1:03.6 | Of course we had mentioned this previously that this was happening, |
| 1:05.8 | delivery starting in January 2021, but we haven't gone through the consumer reaction, |
| 1:10.0 | the pricing changes, some of the updates to the interior and things like that, so I want to do that today. |
| 1:14.0 | I think it probably makes sense to start with pricing. |
| 1:16.5 | Previously in the design studio, Tesla had listed the pricing for the model Y, depending on the variant, |
| 1:21.5 | somewhere around 500,000 U UN, which is up in the 70,000 US dollar sort of range. |
| 1:27.0 | Well, I think pretty unsurprisingly, Tesla has brought that down much more in line with US pricing. |
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