China Sales, Third Party Apps, Energy, Rivian Earnings, Calendar (08.08.23)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 9 August 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
➤ Rivian reports Q2 earnings
➤ Tesla China insured vehicle numbers
➤ Tesla China July sales
➤ Third party apps begin receiving official API access
➤ Tesla partners with VPP provider
➤ Calendar
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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 Mauer here, and today we got some new numbers for Tesla out of China, |
| 0:11.4 | while also taking a look at Rivians' earnings always interesting to see their progress. |
| 0:14.7 | We've got an update on Tesla Energy and a couple other items as well. |
| 0:18.5 | Starting off with the stock, Tesla continuing the hold-up after the Kerr corn resignation, |
| 0:22.3 | finishing down 7% of a percent on the day to day, to close at $249.70, while the NASDAQ |
| 0:28.2 | was down a little bit more, 8% for a percent on the day. |
| 0:31.7 | After yesterday's episode, we did get just a little bit more information from Elon |
| 0:35.0 | on Zack stepping down, Holmars saying that sounds like he got a job off for somewhere else |
| 0:39.5 | that couldn't say no to you. |
| 0:41.2 | Elon replying to that, saying, quote, 13 years is a long tour of duty, Zack will spend |
| 0:45.4 | time with friends and family, then do something else. |
| 0:48.2 | End quote. |
| 0:49.2 | So despite what seemed to be a somewhat sudden announcement, still signs here of things |
| 0:53.4 | being amicable. |
| 0:55.0 | Alright, let's move into the China numbers. |
| 0:56.7 | We've got new, insured vehicle numbers, and then we also have monthly numbers for domestic |
| 1:00.4 | and export sales for July. |
| 1:02.3 | We'll look at the weekly insured numbers first, so from July 31 to August 6, 12,800 |
| 1:07.8 | Tesla's were insured in China. |
| 1:09.7 | This represents an improvement in the quarter of a quarter pace, now through five weeks |
| 1:13.2 | about 44,000 vehicles have been insured in China, which would be an increase from Q4 |
| 1:18.5 | and Q1, about 28,000 and 34,000 respectively for those quarters, still a bit behind Q2, |
... |
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