Giga Berlin Growth Plans, Lucid Air Reveal Recap & Analysis (09.10.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 11 September 2020
⏱️ 15 minutes
🧾️ Download transcript
Summary
➤ Giga Berlin timeline and completion percent discussed by Tesla executive
➤ Analysis of Tesla’s current factory expansion plans
➤ Brandenburg Minister of Economics comments on Giga Berlin employee counts, hinting at huge growth
➤ Tesla reportedly looking to expand Giga Berlin site with new land purchase
➤ Public hearing for discussion on Giga Berlin approval scheduled for September 23
➤ Recap and analysis on Lucid’s reveal of the Lucid Air. Livestream link: https://youtu.be/SFNqiQ2QqaU
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Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody Rob Mower here and after yesterday's updates on Gigat Texas and Gigas |
| 0:11.8 | Shanghai today we have significant updates to go through for Gigabrelin and then I also want to talk a little bit more about the lucid air unveiling yesterday for those of you that did not catch the live stream. |
| 0:22.0 | Tesla stock with another relatively strong day today finishing up 1.4% to $371.34 |
| 0:29.1 | compared to the NASDAQ, which finished the day down 2%. |
| 0:32.4 | All right, so on to Gigabrrelin, I think we have about four updates to go through here. |
| 0:36.2 | The first is coming from a Tessamag. DE, which is reporting on a tour that was given to journalists of the Giggabrelin site. |
| 0:44.4 | Part of that tour involved a question and answer session with Evan Horetsky, who according to |
| 0:48.6 | Tesla Meg has also supervised the construction for Tesla's Gigafactory in Nevada as well as Shanghai. |
| 0:54.7 | From some of that Q&A, Tesla Meg writes, |
| 0:57.2 | in five Tesla's, led by Gigafactory Boss Avon Heeretsky in a model X, |
| 1:01.0 | journalists were driven across the site and were able to ask questions. |
| 1:04.0 | The most important answers, according to Heretsky, the German Tesla factory is currently |
| 1:08.4 | around 20% ready, but things will really get going soon and the first model Y will be produced their early 2021." |
| 1:16.0 | Later in the article they also write quote, |
| 1:19.0 | definitely in the first half affirmed Hearetsky. |
| 1:22.0 | Again, those of us following Tessa closely this should half affirmed Heeretsky. End quote. |
| 1:23.0 | Again, those of us following Tessa closely, this should fit within our expectations, but always |
| 1:26.6 | good to see this reiteration. |
| 1:28.6 | Remember, Tesla broke ground on Gigabrolin at the end of May, so if the timeline is able to follow Giga Shanghai, that would put production in May of 2021. |
| 1:36.0 | I think when things first started, we were all pretty skeptical of that just because China is |
| 1:40.2 | oftentimes unique in terms of the rate of progress that they can make on projects like this |
| 1:45.2 | and as the airport in Berlin has unfortunately demonstrated Germany can sometimes be in the opposite direction |
... |
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