Hertz Cuts Back Tesla Fleet, Giga Berlin Production Pause, Cybertruck Deliveries (01.11.24)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 12 January 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
➤ Hertz announces plans to sell significant portion of EV fleet
➤ CPI report slightly higher than expected
➤ Tesla reportedly plans temporary Giga Berlin pause
➤ Non-employee Cybertruck orders receive VINs, delivery may be scheduled
➤ Tesla reportedly informs workers of pay increases
➤ Tesla announces Megapack commissioning in Hawaii
➤ Model 3 Highland begins to appear in stores
➤ Minor Dojo update
➤ Toyota exec comments on solid-state batteries
➤ Lucid announces production and deliveries
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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 we've got an update on Giggabrelin |
| 0:10.8 | news on the cyber truck as well as Hertz's E.B program and a few other items as well. |
| 0:16.0 | Tesla stock on the day today was down 2.9% to close at $227.22. |
| 0:21.0 | A little bit tougher of a day for automakers in general, but the NASDAQ, despite |
| 0:24.0 | some volatility finishing flat on the day. |
| 0:27.1 | We'll talk quickly about CPI, which was of course released this morning, so the consumer price |
| 0:30.2 | index came in a little bit higher than expected. As we can see recapped by Bloomberg, |
| 0:34.1 | month-over-month headline CPI came in at 3 tenths of a percent versus 2-tenths expected. |
| 0:38.3 | With core CPI, so excluding food and energy coming in roughly in line with expectations |
| 0:42.2 | month over month, and the year over year changes for both coming in roughly in line with expectations month over month, and the year over |
| 0:43.6 | year changes for both coming in 1 to 2 tenths of a percent higher than expected. |
| 0:48.0 | Following the report though, interest rate expectations for January or March, largely unchanged |
| 0:52.1 | from the CME Group Fedwatch tool, and actually leaning slightly |
| 0:55.3 | more towards earlier rate cuts than a day ago. |
| 0:58.7 | All right, moving on to Tesla specific news, one piece of news that we got towards the end of trading that seemed to cause a bit of a dip in the stock before close, was a report from Reuters that says that Tesla is going to be pausing production at Giga Berlin for a couple weeks. |
| 1:11.0 | They say, quote, Tesla will suspend most car production at its factory near Berlin |
| 1:15.2 | from January 29th to February 11th, the company said on Thursday, |
| 1:19.2 | citing a lack of components due to shifts in transport routes |
| 1:21.9 | because of attacks on vessels in the Red Sea." |
| 1:24.6 | End quote. |
| 1:25.6 | Those conflicts are not a topic that we have covered previously, but there have been other companies |
| 1:29.4 | that said that there might be delivery delays on some product because of those conflicts. |
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