Cybertruck Updates, Model X Deliveries, Texas Insurance Launch, New Features (10.15.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

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

4.8 • 1.1K Ratings

🗓️ 16 October 2021

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

➤ TSLA closes off strong week ahead of Q3 earnings
➤ Q3 earnings forecast update
➤ Tesla updates Cybertruck webpage, ordering process
➤ Report on Model X deliveries
➤ Tesla opens UK Model Y design studio
➤ Tesla launches new version of Tesla Insurance in Texas
➤ New mobile app code hints at new product features
➤ US new car sales prices continue to rise
➤ LA Auto Show opens voting for new EV people’s choice awards (https://zevas.laautoshow.com)

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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

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0:00.0	Hey everybody, Rob Mauer here and today we've got quite a few different Tesla vehicle updates
0:11.4	we've got news on the Cybertruck, Model X and Model Y, and then Tesla has, indeed,
0:16.5	launch Tesla Insurance in Texas and we've got a feature update and a couple other stories
0:20.4	as well.
0:21.4	Really nice day for Tesla Stock to wrap up the week today finishing up 3% to $843, that
0:27.3	compared to the NASDAQ up half a percent.
0:29.6	I thought those moves today might have pushed Tesla ahead of the NASDAQ for the year but
0:32.8	it does still trail by a couple of percentage points.
0:34.8	Tesla have 15.5% on the year now versus the NASDAQ 17.3%.
0:39.7	Maybe next week with earnings can be the week that Tesla overtakes.
0:43.1	Speaking of earnings, of course we went through my forecast yesterday, I do have an update
0:46.8	to that.
0:47.8	After a listener's suggestion, I did take one more look at Bitcoin and I do now actually
0:51.8	believe with high confidence that there is going to be a Bitcoin impairment charge for
0:55.9	Tesla 4Q3 due to a short drop in Bitcoin's price back in July.
1:01.0	So in my forecast, I have added a $72 million Bitcoin impairment charge.
1:05.2	That is the only change but that does affect everything from operating income on down.
1:09.6	So it lowers my operating margin forecast by 50 basis points down to 15.1% and it lowers
1:14.7	my earnings per share on a non-gap basis from $2.16 down to $2.10.
1:20.4	Again, I do have pretty high confidence in that impairment charge happening and I would
1:24.8	be pretty surprised if I'm not within 10% on that.
1:27.7	So definitely important to include and understand that.
	...

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