Giga Berlin, Megapack, Short Interest, Musk NYT Interview, BMW EV Plans (07.27.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 28 July 2020
⏱️ 15 minutes
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Summary
➤ Tesla’s Giga Berlin continues to advance rapidly as Brandenburg state official discusses Tesla’s local battery plans: https://www.rbb24.de/studiofrankfurt/wirtschaft/tesla/2020/tesla-gruenheide-batterie-steinbach-musk-wasser.html & https://www.benzinga.com/news/20/07/16770111/teslas-european-battery-production-location-confirmed-by-brandenburg-minister-of-economics-and-energ
➤ Groundbreaking on Tesla Energy / Tesla Megapack project in Nevada
➤ TSLA short selling now sits right around $20B
➤ Elon Musk grants the New York Times another interview: https://www.nytimes.com/2020/07/25/style/elon-musk-maureen-dowd.html
➤ BMW sets new sustainability targets, announces EV plans, and begins converting Munich factory
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Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey, Rob Maower here and today we are talking about some news on Tesla's Giga Berlin, Tesla Energy, updated short interest on Tesla Stock, a new |
| 0:15.5 | Elon Musk interview with the New York Times, and some news on BMW's production status. |
| 0:20.1 | Tesla Stock on the day today bounced back from the end of last week, getting some macro help with the Nasdac up 1.7 percent. |
| 0:25.9 | Tesla stock on the day today up 8.7 percent to $1,559. 60 cents. |
| 0:31.5 | We'll start off today with some reporting out of Germany on Gigafactory Berlin. |
| 0:34.8 | It relates to Tesla's cell production plans at the Gigafactory. As we can recall from |
| 0:39.4 | the earnings call, last week Elon Musk was asked by an analyst about their battery plans for Berlin and he said quote |
| 0:45.3 | okay well we can't say too much about this except that there will be local cell production and that will serve the needs of the Berlin factory |
| 0:52.0 | end quote well over the last couple of days we have had some reporting by German media on some comments |
| 0:57.2 | made by Brandenburg States Minister of Economic Affairs, Labor and Energy, York Steinbach, that may shed a little bit more light on |
| 1:04.0 | Tesla's battery plans in Germany. |
| 1:06.4 | Bear in mind that for both articles here, I am working from Google Translated Versions. |
| 1:10.7 | But the first article from D'ertagan, quotes York Steinbach as saying, |
| 1:14.3 | quote, Tesla has started planning for the production of battery cells in Grunheide, the company |
| 1:19.0 | told us that, end quote. |
| 1:20.8 | Then on the same topic, another article from RBB 24 wrote a quote completely new technology |
| 1:26.1 | end quote is behind the electricity storage said minister of economics yorg Steinbach on Monday |
| 1:31.9 | antenna brannenberg the new batteries are smaller and thanks to the Comics, York Steinbach, on Monday, antenna, Brandenburg. |
| 1:33.4 | The new batteries are smaller and thanks to their higher energy density, |
| 1:36.4 | allow for greater range the minister set. |
| 1:39.0 | So in that translation, I assume antenna means |
| 1:41.2 | from broadcast from Brandenberg or something similar. |
... |
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