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Tesla Daily: Tesla News & Analysis

Explaining Musk’s “Gigantic Money Furnace” Comments + Tesla Shanghai Confusion (06.22.22)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 23 June 2022

⏱️ 14 minutes

🧾️ Download transcript

Summary

➤ Elon Musk discusses Tesla’s production challenges, cash burn, FSD, and Cybertruck in new interview (https://youtu.be/u5w_VkAx6tc)
➤ Multiple reports on Giga Shanghai shutdowns cause confusion
➤ Morgan Stanley lowers TSLA price target
➤ CFRA calls TSLA drop a generational opportunity
➤ Tesla heavily recruiting at computer vision conference
➤ Update on Model Y pricing
➤ News on a possible EV tax credit
➤ The Boring Company looks to build tunnel in Giga Texas area

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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, Rob Mauer here and today we are going to be talking about part 3 of the

0:11.3

Tesla Owners Silicon Valley interview with Elon Musk, some very interesting new details

0:15.0

coming out of that.

0:16.0

We've also got a lot of confusion today about a shutdown for Gigashang High for upgrades

0:20.0

we'll clarify what's going on there, and we've also got two analyst updates and a couple

0:23.8

of other items as well.

0:24.8

Alright, looking at the stock, what seemed like it was going to be a pretty exciting day

0:28.2

this morning, trailed off in the afternoon with Tesla closing down 4 tenths of a percent

0:32.1

to $708.26 NASDAQ ending down at 0.2%, so by the end of it, a relatively uneventful

0:38.4

day.

0:39.4

Alright, getting into the news, we'll start off with the part 3 interview of Elon Musk

0:42.8

by Tesla Owners Silicon Valley.

0:44.1

I will put the link for this in the description, and I would definitely recommend watching

0:47.0

it.

0:48.0

Lots of interesting stuff on Tesla, particularly on FSD, but we'll hit the highlights

0:51.3

here, starting off with something that caused a few headlines today, Elon's comments on

0:55.4

GigabreLin and Gigatexis.

0:56.9

Now, remember the setting for this interview was at Gigatexis and Elon for a second just

1:01.1

kind of pausing and saying, oh man, this factory is losing insane money right now, he acknowledged

1:05.4

that they've had challenges with the 4680 ramp and with the structural pack ramp, so

1:09.5

those things contributed to a slower ramp of production than what Tesla would have liked,

1:13.6

and then on top of that, as we heard Tesla talk about on the last earnings call, they

...

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