Giga Texas Timeline Update, Giga Shanghai/New York Growth, Musk Comments on Lucid, TSLA Rebounds (09.09.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 9 September 2020
⏱️ 9 minutes
🧾️ Download transcript
Summary
➤ TSLA stock rebounds after its worst single-day performance ever
➤ Giga Texas project schedule possibly shared on TeslaMotorsClob forum
➤ Global Times reports on Phase 2 progress at Giga Shanghai
➤ Tesla expands hiring at Giga New York in renewed effort to grow solar business
➤ Estimated Tesla delivery wait times updated again
➤ Elon Musk comments on Lucid Motors founder Peter Rawlinson, who also comments on Tesla’s business and TSLA’s stock price
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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 today is kind of a giga day. We have news from Giga Factory Shanghai giga factory Texas giga day we have news from gigafactory Shanghai gigafactory New York and then we'll talk a little bit more about |
| 0:16.9 | Lucid ahead of their live stream on veil of the lucid air tonight and of course the stock which we can start out with Tesla stock on the day |
| 0:24.4 | today finishing up 11% to $366.28 on the back of a rising macro |
| 0:30.4 | environment a Nasdaq for the day up 2.7%. |
| 0:34.0 | So as I said yesterday, I hate stop loss orders. |
| 0:36.6 | This is Exhibit A for why that is, as Tesla today, without much news, swung back significantly |
| 0:42.2 | in the other direction. |
| 0:43.7 | That's really my only thought on the stock today, so let's move into the news. |
| 0:46.9 | There was an interesting post this morning on Tesla Motors Club's forum by H Ridge |
| 0:51.2 | 2020 about a possible timeline for Tesla's Gigafactory in Texas. |
| 0:56.0 | This user writes, quote, have some information on the Terra Factory Build Schedule. |
| 1:00.0 | Tesla is sourcing out vendors slash contractors to bid on work at the site." |
| 1:05.0 | This user then shares some screenshots, presumably of some documents involved in that bidding, |
| 1:10.0 | the most interesting of which lays out a project schedule. |
| 1:13.2 | In that project schedule, they note a first substantial completion date |
| 1:17.7 | of May 1st, 2021. |
| 1:20.0 | According to the American Institute of Architects, substantial completion is, quote, |
| 1:25.0 | the stage in the progress of the work, when the work or designated portion thereof, |
| 1:29.0 | is sufficiently complete in accordance with the contract documents, |
| 1:32.0 | so that the owner can occupy or |
| 1:34.0 | utilize the work for its intended use." The schedule also notes that the first dry |
| 1:38.9 | in what happened on December 30th, 2020. First dry in just means that everything is sort of sealed up with the |
... |
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