Insurance in China, Stock Split Questions, Model Y Casting, Lucid Air, Tesla Energy/Charging/Talent (08.13.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 14 August 2020
⏱️ 16 minutes
🧾️ Download transcript
Summary
➤ Tesla has founded an insurance brokerage business in China
➤ Following up on questions about TSLA’s upcoming stock split
➤ Elon Musk tweets about Tesla’s one-piece casting machine for the rear body of the Tesla Model Y
➤ Is Elon Musk teasing the Plaid powertrain on Twitter?
➤ Tesla makes significant change to its destination charging program
➤ Lucid Air gets 517 miles of range in unofficial replication of EPA test
➤ Tesla’s Hornsdale Power Reserve battery pack project achieves impressive results during full charge/discharge power tests
➤ Tesla reportedly informs some Powerwall installers of product shortage
➤ Tesla’s President of Automotive says Giga Texas is happening at full speed
➤ Tesla lists job opening for design center in China
➤ In a survey of questionable validity, Tesla scores well on employee happiness
➤ Tesla Daily will return on Tuesday, August 18th
Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast
Plaid producer Who Why
Ludicrous producer Fred Hassen
Executive producer Rish Singh
Executive producer Jeremy Cooke
Executive producer Nick Wood
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre Kent
Executive producer Jeff Sheets
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Thank you. |
| 0:02.0 | Thank you. |
| 0:07.0 | Hey everybody, Rob mower here and today we have quite a lot to go through. |
| 0:10.0 | We have some news on Tesla's vehicles some new tweets from |
| 0:13.3 | Elon Musk some on competition from the lucid air Tesla energy and then we'll touch |
| 0:18.1 | on Tesla stock as well so a lot to go through we'll get right into it but I do have an |
| 0:21.4 | announcement first I will be on vacation tomorrow and Monday. |
| 0:25.4 | I'm going to do my best to actually not work on this vacation. |
| 0:28.9 | Hopefully the hour and 15 minute long episode from yesterday makes up for that if you haven't had a chance to |
| 0:34.4 | watch that yet. Big Tesla news always seems to happen when I am on vacation so I'm sure we'll see something |
| 0:39.9 | maybe we'll see an S&P 500 inclusion tomorrow night. |
| 0:43.0 | That would seem to be par for the course, but at least, |
| 0:45.0 | if that were the case, I think we have pretty much done all that we can |
| 0:48.4 | to prepare for that and understand it. |
| 0:51.0 | All right, so quick check-in on the stock, finished up 4.6% today to $1,621 per share. |
| 0:57.1 | That is the second highest close for Tesla stock all time, and Tesla is now up 18% since the stock |
| 1:02.3 | split announcement two days ago. |
| 1:04.0 | I did want to quickly follow up on a couple of questions I've received about the stock |
| 1:08.0 | split. The most common question seems to be what happens between the stockholder of record date on August 21st, which will each |
| 1:15.1 | receive a dividend of four additional shares, and then the distribution date after the close of trading |
| 1:19.6 | on August 28th. Now I'm not certain on this I'm still waiting for confirmation from |
| 1:23.0 | Tesla's investor relations team on it but I do believe based on the reading that I |
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