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Tesla Daily: Tesla News & Analysis

Goldman Sachs, Peak ICE, EV Adoption, Giga Press, Ford, Boring Co (06.02.22)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 3 June 2022

⏱️ 15 minutes

🧾️ Download transcript

Summary

➤ Goldman Sachs and others react similarly after visits with Tesla investor relations team
➤ Battery cost outlook updated by Goldman Sachs
➤ Piper Sandler notices change in wait time tracker
➤ Analysis of IDRA Giga Press shipping times
➤ Bloomberg NEF releases annual EV outlook study, calls peak ICE
➤ Ernst & Young release EV adoption study
➤ EU to crack down on PHEVs
➤ Ford CEO commits to new direction
➤ The Boring Company updates

Twitter: https://www.twitter.com/teslapodcast
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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
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

Click on a timestamp to play from that location

0:00.0

Hey Brody Rob now we're here and today we're going to be talking about a couple of

0:10.7

new analyst notes on Tesla one from Goldman Sachs who just met with Tesla Investor Relations

0:14.8

yesterday, and also note from Alex Potter Piper Sandler, got a little bit more information

0:18.7

on the Eedra 9000ton Gigapress.

0:21.1

We've also got news from Bloomberg New Energy Finance they've released their annual

0:24.6

study on EVs, a couple other things on EV adoption news from Ford and the Boring Company.

0:30.2

Alright looking at the markets pretty nice day today, NASDAQ up 2.7%, Tesla up 4.7% did

0:35.4

trail off a little bit towards the end of the day while the NASDAQ continued to rise,

0:38.4

not exactly sure what was going on there, but Tesla did close at $775 even.

0:42.8

We'll start off with the Goldman Sachs note, they met with Tesla Investor Relations yesterday,

0:47.2

so this is maybe the third or fourth note that we've seen come out of IR meetings.

0:51.0

Most analysts seem to have left those meetings with relatively positive remarks, and that

0:54.2

does seem to be the case here for Goldman Sachs as well, in their note, but they have lowered

0:58.1

their price target, previously $1200, now down to $1,000 per share.

1:02.5

They say they left the meeting with four key takeaways, number one capacity expansion

1:06.5

and profit potential of new factories, saying that Tesla commented the plans to continue

1:10.1

to expand over time.

1:11.5

Probably don't need a meeting with IR to figure that one out, but they say that Berlin

1:14.4

and Austin Factory should benefit from an improved layout and efficiencies, versus

1:17.9

the free months, so this is what we've seen emphasize coming out of all these meetings

1:20.5

it seems like.

1:21.5

I think by itself that information isn't really all that interesting because we kind of

...

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