Labels Cause Quickly Resolved Delays in China, Last Week’s Model 3 Fatal Accident, Tesla Search Trends (03.05.19)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 6 March 2019
⏱️ 6 minutes
🧾️ Download transcript
Summary
– Model 3 deliveries slightly delayed due to some mislabeling by Tesla
– Fatal Model 3 accident last week
– Taking a look at search trends since the $35k Model 3 announcement
Links:
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Executive producer Jerome Jorden
Executive producer Rob Gill
Executive producer Rish Singh
Executive producer Jeremy Cooke
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
The post Labels Cause Quickly Resolved Delays in China, Last Week’s Model 3 Fatal Accident, Tesla Search Trends (03.05.19) appeared first on TechCast Daily.
Transcript
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| 0:00.0 | Hello and welcome to the Tuesday March 5th |
| 0:09.6 | 2019 edition of Tesla Daily on Official Tesla Podcast. |
| 0:13.0 | My name is Rob Mower Quick episode today. |
| 0:14.8 | Not a whole lot going on in Tesla World. |
| 0:17.5 | The stock was pretty volatile though, today nonetheless. |
| 0:20.8 | Had certain points of the day, it was down as much as $15. |
| 0:23.7 | It did end up down about $9 or $3.09 to $2.76.54. |
| 0:30.1 | As compared to the NASDAQ on the day down 0.02% relatively steady day for the NASDAQ. |
| 0:36.0 | Probably the biggest story of the day today was some news on model 3 deliveries in China |
| 0:40.4 | being delayed slightly due to some labeling issues that Tesla had. |
| 0:45.4 | I wasn't tracking the stock throughout the day so I don't know if this was the cause of the |
| 0:49.0 | drop this morning or if it was something completely unrelated to this. |
| 0:52.9 | But this was quickly resolved regardless. |
| 0:56.0 | Tesla said in a statement to Electra that, quote, |
| 0:59.1 | this error resulted from misprinted labels |
| 1:01.5 | on certain model three vehicles. |
| 1:03.0 | We have already reached a resolution with Chinese customs |
| 1:05.9 | and we are working closely with them |
| 1:07.3 | to resume clearance procedures on these vehicles. |
| 1:10.2 | Sales of model three in the country are not impacted |
| 1:12.4 | and we continue to deliver model 3 vehicles that have already been processed." |
| 1:16.0 | So at the end of the day hardly even a noteworthy occurrence in my opinion, but a nice opportunity for some dramatic news. |
... |
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