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Tesla Daily: Tesla News & Analysis

China Production Rumors, EV Credit Changes, 4680's, FSD Beta, SpaceX (11.04.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

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

4.81.1K Ratings

🗓️ 5 November 2021

⏱️ 12 minutes

🧾️ Download transcript

Summary

➤ Rumors surface on Tesla’s production rate at Giga Shanghai
➤ Tesla removes 0% down financing option
➤ TSLA sets another all-time high closing price
➤ New changes made to EV tax credit proposal
➤ Panasonic shares more details on plans for 4680 batteries
➤ Elon Musk tweets about new features, FSD Beta updates
➤ GM’s Cruise completes first driverless ride
➤ Update on Hong Kong Tesla Fest
➤ More info on Volkswagen
➤ SpaceX update

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

Plaid producer Who Why
Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Jeffrey Yu
Executive producer Michael Pastrone
Executive producer Richard Del Maestro
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 we're going to be talking a little

0:10.3

bit about Gigashang High, we've got some rumors on Tesla and China.

0:13.7

We've also got an update to the structure of the EV tax credit, then we've got a few

0:17.2

more details on Panasonic's 4680 battery development, a couple things from Elon, a feature

0:21.9

development, FSD update, some other autonomous driving news, and a couple of things as well.

0:27.1

Have a choppy day for Tesla Stock today, get some sharp ups and some sharp downs, and

0:31.0

while it didn't necessarily live up to the excitement from pre-market this morning, Tesla

0:35.7

did end up finishing again at an all time high close, up 1.3% to $1229.91.

0:42.9

More broadly, the NASDAQ did have a pretty strong day today, finishing up a tenths of

0:46.7

a percent.

0:47.7

Alright, we'll start off here with Tesla China, and before we kind of dive all the way

0:51.0

into the rumor mill we do just have a news update, and that is that the financing option

0:55.8

that Tesla started offering last week that we had talked about, which had created the

0:59.2

option of a potentially 0% down payment on a potentially 5 year term, Tesla has now removed

1:05.0

the 0% down payment from the available choices, and according to China here, made a comment

1:10.1

that it was due to high influx of orders, causing Tesla to worry about delivery wait times.

1:15.9

Unfortunately, we don't have a direct quote here from Tesla, so we can't put full credibility

1:20.0

on that, at least in terms of the reason, but for sure the 0% down payment has been removed.

1:24.6

So, that being said, now we will jump into the rumor mill, there were some things going around

1:28.8

on Twitter last night, and unfortunately they involve some deleted tweets, so no source on this one,

1:34.0

and normally in this type of a situation I wouldn't even talk about this, but the rumor was that

1:39.0

Shanghai Gigashang High has hit a 700,000 vehicle per year production rate. That would be about 58,000

...

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