4.8 • 1.1K Ratings
🗓️ 16 December 2023
⏱️ 14 minutes
🧾️ Download transcript
➤ New infrastructure funding announced for Giga Mexico
➤ Analyst notes
➤ Largest number of Cybertrucks spotted at Giga Texas
➤ New software updates begin rolling out
➤ SAE to finalize NACS standard
➤ Calendar
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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
Disclosure: Rob Maurer is long TSLA stock & derivatives
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0:00.0 | Hey everybody Rob Maurer here and today we've got a couple updates on gigamexico some news on cyber truck and some software updates which will straighten out some confusion on some of that and a few other items as well. |
0:18.0 | All right, looking at the stock, Tesla today closing up about 1% to $253.50 to end the week, |
0:24.0 | the NASDAQ today up 3.10% of a percent. |
0:26.7 | So a pretty nice day for Tesla today to close it out. |
0:30.0 | All right, we did have a couple of analyst updates |
0:31.7 | which we'll touch on briefly at the beginning here. |
0:33.6 | First from Guggenheim, they raised their price target on Tesla. |
0:36.8 | Meekly from $125 up to $130 per share, of course still maintaining their sale rating. Most of the note focusing on their expectations for next year |
0:44.8 | which they see deliveries coming in somewhere around 2 to 2.1 million units and they view |
0:51.5 | Expect continued gross margin pressure from Tesla next year as they try to increase |
0:56.5 | that capacity to that level. So, you know, expectation there for tougher business, which of course reflected in the price target that they've got there. |
1:06.2 | And then we also saw an update from Adam Jonas of Morgan Stanley. |
1:09.9 | Again a little bit more of a blog-based type of update here, as we've seen a couple notes from him this week, this one focusing on Optimus. |
1:16.8 | We can skip most of it, but one interesting detail that he did include in here, |
1:20.9 | says that according to our sources, Tesla CEO Elon Musk has been increasingly |
1:24.7 | focused on Optimus in recent months. |
1:27.4 | Tesla first unveiled its humanoid robot optimist on September 30th, 2022. |
1:32.0 | The bipedal robot included 28 actuators in two categories. One, rotary |
1:36.0 | actuator is consisting of harmonic reducers, ball bearings, and sensors for rotating motions such |
1:40.5 | as shoulders and elbows, and two linear actuators comprising planetary |
1:44.6 | rollers, ball bearings and sensors for linear motions like human muscles, 12 actuators |
1:49.4 | for two hands, many more details have been kept inside the company. |
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