Goldman Sachs & Credit Suisse TSLA Notes, Musk/Munro Interview, China Registrations (04.14.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 15 April 2020
⏱️ 13 minutes
🧾️ Download transcript
Summary
➤ Credit Suisse upgrades TSLA stock
➤ Goldman Sachs initiates coverage on TSLA stock
➤ Takeaways from Elon Musk & Sandy Munro interview on the Third Row Tesla podcast (https://www.youtube.com/watch?v=pih4kU6yvz8&t=1279s)
➤ China Tesla registration numbers for March
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Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody Rob Mower here and today we are talking more about Tesla stock which continues to run we have updated analyst notes from Credit Suisse and |
| 0:14.9 | then we have Goldman Sachs initiating coverage on the stock and then we also have another |
| 0:19.2 | third row Tesla podcast interview to discuss with Elon Musk and Sandy Monroe. |
| 0:23.2 | We'll start first with the stock which despite falling towards the end of the day today |
| 0:27.2 | did finish up another 9% to $709.89 that compared to the NASDAQ up about 4% and then in the after-hour |
| 0:36.1 | session today Tesla up another $36 to 746.50. |
| 0:42.6 | Obviously we went through a lot of reasons for the strength in the stock yesterday, but we have a couple |
| 0:46.1 | more to add today. |
| 0:47.8 | Before the markets opened on Tuesday, Credit Suisse analyst Dan Levy, upgraded Tesla from Underperform to Neutral with a $580 price target up from his previous target of $450 per share. |
| 1:00.0 | We've been talking recently about how Tesla's competitive advantage is actually improving with this macro |
| 1:04.5 | environment situation, and that was a factor that Levy called out in his note, saying that Tesla |
| 1:09.3 | now, quote, competitively has more advantage in the transition to electric vehicles as |
| 1:13.6 | coronavirus disruption will make it more difficult for legacy automakers |
| 1:17.5 | to balance the long-term shift to electric vehicles in the face of near-term cycle |
| 1:21.4 | disruption." End quote. |
| 1:23.0 | So obviously that is a thesis that I agree with. |
| 1:25.3 | I mean, if we look at the other automakers' actions in a pretty strong macro |
| 1:29.6 | environment the last few years, even in that environment |
| 1:32.4 | they've been extremely hesitant to fully pursue a the last year we've talked about it a lot of |
| 1:33.0 | been extremely hesitant to fully pursue electric vehicles and to make those |
| 1:36.1 | investments and last year we talked about it a lot we've already seen really |
| 1:40.2 | poor financial performances from a lot of other automakers, a lot of that due to emissions |
... |
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