4.8 • 1.1K Ratings
🗓️ 3 April 2019
⏱️ 8 minutes
🧾️ Download transcript
– CNN puts on a display of poor journalism in article discussing Tesla’s Q1 numbers
– Tesla/UPS exchange tweets
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Disclosure: Rob Maurer is long TSLA stock & derivatives
The post CNN Proves Itself Inept at Covering Tesla — Twice, UPS/Tesla Exchange Tweets (04.02.19) appeared first on TechCast Daily.
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0:00.0 | Hello and welcome to the Tuesday April 2nd 2019 edition of Tesla Daily on |
0:11.6 | official Tesla Podcast. |
0:13.4 | My name is Rob Maower. |
0:14.2 | We are still waiting for the Q1 delivery and production report. |
0:17.4 | There's not a whole lot of news out there today in lieu of that, |
0:19.9 | as people, I think, eagerly anticipate those numbers. So we'll keep it pretty brief today. |
0:24.3 | Tesla stock was down a little bit today 1.14% to $285.88 |
0:29.7 | this compared to the NASDAQ up 0.25%. |
0:33.0 | The first thing I wanted to talk about today, |
0:35.0 | which was something that I was considering talking about on yesterday's episode, |
0:38.0 | is an example of just really poor journalism, I think, by CNN. |
0:42.0 | Yesterday, they posted an article with a headline of quote |
0:44.4 | get ready for a big drop in Tesla sales and quote I'm just going to read the first |
0:49.2 | few sentences of the article straight from the top, Tesla is probably about to report the largest drop in auto sales in the company's history. |
0:57.6 | That's not a shock. |
0:58.6 | Tesla faced some special circumstances last quarter, but it's still a concern. Tesla needs to keep its |
1:04.0 | sales pace high to pay down its sizable debts. Tesla will report first-quarter |
1:08.6 | sales and production figures Tuesday and Wall Street analysts expect them to be |
1:12.4 | sharply lower than the 90,700 cars that the company |
1:16.2 | sold and delivered to customers last quarter. |
1:19.4 | Analysts predict Tesla delivered just over 50,000 cars over the last three months. |
1:24.5 | End quote. |
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