Gigafactory Nevada Workforce Reduction, Gigafactory Shanghai Production, Tesla/GM Ventilators, Analyst Updates (03.27.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 28 March 2020
⏱️ 15 minutes
🧾️ Download transcript
Summary
➤ Checking in on the stock markets as the stimulus packages passes the House and is signed by President Trump
➤ Tesla reduces workforce at Gigafactory Nevada
➤ Reports on Tesla's Model 3 production rate at Gigafactory Shanghai
➤ New York City's mayor comments on working with Elon Musk on ventilators, Elon replies on Twitter
➤ Trump roasts General Motors on Twitter
➤ Updated analyst notes from Alex Potter and Pierre Ferragu
➤ Further discussion on Tesla's upcoming Autopilot update allowing for automated stopping at lights and stop signs
Twitter: https://www.twitter.com/teslapodcast
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Executive producer Rish Singh
Executive producer Jeremy Cooke
Executive producer Nick Wood
Executive producer Fela Winkelmolen
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre Kent
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 quite a bit to talk about today including Tesla's |
| 0:11.0 | gigafactories in Nevada and Shanghai, more on the ventilator situation for Tesla and other |
| 0:16.4 | automakers. |
| 0:17.4 | Updated to analyst notes from Alex Potter and Pierre Ferrigu, both have been on the podcast in the past, |
| 0:22.1 | and further discussion on yesterday's news about Norway and autopilot. |
| 0:25.8 | And of course we'll briefly talk about the macro environment as well. |
| 0:28.6 | So Tesla stock on the day today did finish down 2.6% to end the week at $514.36 that compared to the NASDAQ down 3.8%. |
| 0:38.4 | Tesla tracked pretty closely to the NASDAQ overall today. |
| 0:41.0 | Really until the end of the day, when the NASDAQ fell by more than 2% in the |
| 0:44.2 | last half an hour of trading, but Tesla held pretty strong into clubs. |
| 0:48.2 | We'll start off here with just a couple of quick notes on the macro environment. |
| 0:51.6 | The 2 trillion plus stimulus package did pass the vote in the house today |
| 0:55.2 | and a couple of minutes ago before I started recording, President Trump signed it into law. |
| 0:59.6 | But as we can see with the macro price movement today, this was expected and already priced in. |
| 1:04.3 | The other big macro news is that the US has now passed all other countries in coronavirus cases. |
| 1:09.3 | And the UK's Prime Minister, Borsch Johnson, has reported that he has tested positive, though with |
| 1:14.9 | minor symptoms at this point in time. |
| 1:17.4 | So as I said last week, this isn't the coronavirus daily podcast and while we'll keep talking |
| 1:21.5 | about the important things here, I know some of you are |
| 1:23.2 | looking for a little bit more detail here so many of you know Brian over the |
| 1:26.8 | tech meme ride home podcast he's got me on every few months there to keep people |
| 1:30.8 | updated on Tesla which I really appreciate. |
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