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Tesla Daily: Tesla News & Analysis

Drew Baglino Discusses Battery Industry, Shanghai Re-Opening, Cybertruck Casting (05.31.22)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 1 June 2022

⏱️ 13 minutes

🧾️ Download transcript

Summary

➤ Tesla SVP Drew Baglino discusses battery industry growth, mining, geopolitics, Solar Roof and more: https://youtu.be/-JUlVEDitlA
➤ Mizuho releases new TSLA note
➤ Shanghai moves towards next phase of re-opening, announces action plan including EV incentive
➤ Elon Musk confirms details on IDRA Giga Press casting machine
➤ SpaceX FAA approval delayed again

Twitter: https://www.twitter.com/teslapodcast
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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, you're up now. We're here. Welcome back to Tesla Daily. Hope everybody

0:10.8

had a great Memorial Day weekend. Today we are talking about a new interview with Drew

0:14.5

Baglino, Tesla's SVP of powertrain and energy engineering. We've also got updates out

0:19.2

of Shanghai news on the eager kicker press that we've been talking about. We've also got

0:23.3

a SpaceX update and a few other things as well. Pretty quiet start to the week in the

0:27.0

markets with the Tesla today finishing down just two tenths of a percent to $750.26 while

0:32.0

the NASDAQ was down for a tenth of a percent. Quick look at the calendar as we do head into

0:36.3

June already tomorrow, there should be some economic reports for May coming out throughout

0:40.2

this week. And then we will get the Core CPI report for May next week looks like that

0:44.5

will be scheduled for Friday morning. One other really quick note on the stock Mizzouho

0:48.4

did come out with an updated note on Tesla today. They have reiterated their buy rating

0:52.5

and their $1,300 per share price target after a visit out to Fremont just like we had

0:56.8

talked about with Credit Suisse last week. Doesn't look like anything too new to report

1:01.2

with this note kind of just the same stuff about Giga Shanghai being down on Q2 but hopefully

1:05.1

re-ramping and being joined by Berlin and Texas. So nothing major there but does mark

1:09.8

the second time in as many weeks that we have seen analysts on the higher end of the

1:13.2

price target scale hold those price targets steady. Alright next let's talk about Shanghai.

1:18.0

We're speaking broadly here but the city has continued to move towards a fuller reopening

1:22.4

of course we have talked about this going in phases and it looks like as of June 1st

1:26.0

Shanghai is going to make significant changes returning things to you much closer to normal

1:30.3

after cases have continued to decline only 29 new cases on Monday. Specifically on Sunday

1:36.3

Shanghai announced a so-called action plan for accelerating economic recovery and revitalization

...

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