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Tesla Daily: Tesla News & Analysis

China September Numbers - Here Is What We Learned (10.11.22)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 12 October 2022

⏱️ 13 minutes

🧾️ Download transcript

Summary

➤ Tesla’s sales and production numbers for China in September have been posted, here is what we can take away from the reports
➤ Model S/X receive approval for tax exemption in China
➤ EV startup announces plans to use Tesla parts
➤ GM announces new business unit
➤ The Boring Company releases new novelty product

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Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
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 on Mauro here and today we've got a lot more information about Tesla's

0:11.6

situation in China in September.

0:13.4

We've got new numbers, including production most importantly, so we'll take a look at

0:16.4

that and some of the takeaways on what has become a pretty focal point for Tesla as of

0:20.9

late.

0:21.9

Also got some news on the Model S and Model X in China and a couple other items as well.

0:26.0

Pretty volatile and interesting day for Tesla stock on the day today.

0:29.0

We did have an outperformance from Tesla to begin the day versus the broader market, then

0:32.8

the NASDAQ climbed back to green Tesla kind of hovered around there and then later in the

0:36.1

day fell, ended up underperforming down 2.9% on the day, $2216.50, while the NASDAQ did

0:42.4

end up reverting and finished the day down 1.1%.

0:45.8

For Tesla, I think that underperformance really started around the time that a vice article

0:49.6

about Elon Musk came out.

0:51.2

The article sites a newsletter published by Ian Bremer of Eurasia Group that claims

0:55.0

that Elon Musk told him that Elon Musk had spoken with Vladimir Putin before some of

0:59.8

his recent tweets about the Russia-Ukraine war.

1:03.0

Elon shortly thereafter responded to a question on Twitter asking, is this true?

1:07.1

Elon said quote, no it is not, I've spoken to Putin only once and that was about 18 months

1:10.9

ago.

1:11.9

The subject matter was space.

1:12.9

End quote.

1:13.9

Ian Bremer doubled down on Twitter, saying that quote, Elon Musk told me he had spoken

...

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