Latest on Tesla’s Production, Semiconductor Supply, Jaguar’s Misleading EV Plans + SpaceX Updates (02.26.21)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 27 February 2021
⏱️ 8 minutes
🧾️ Download transcript
Summary
➤ Latest information on Tesla’s production halt
➤ More news on automotive semiconductor supply issues
➤ Morgan Stanley’s Adam Jonas talks Tesla on CNBC
➤ Jaguar shares more details on EV plans at investor day
➤ SpaceX updates and upcoming news
Twitter: https://www.twitter.com/teslapodcast
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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, now we're here and that we do have a relatively quiet news day today |
| 0:11.1 | we're gonna be talking a little bit more about Tesla's production shutdown, the semi-conductor |
| 0:15.0 | situation for the broader automotive industry, some comments from Morgan Stanley's Adam |
| 0:18.7 | Jonas on CMBC about Tesla, and then we'll wrap up the week with some news on SpaceX. |
| 0:23.5 | Quickly checking the stock today, Tesla finished down 1% to $675.50, that compared to the |
| 0:28.5 | NASDAQ actually with a green day up about half a percent. |
| 0:31.3 | As it seemed like all eyes in the market today were on the stimulus package, the House |
| 0:34.9 | of Representatives is scheduled to vote on that tonight. |
| 0:37.6 | It is expected to pass if that does happen, it will then proceed to the Senate, but there |
| 0:41.1 | has been a bit of a hang up on the minimum wage increase proposal included in this stimulus |
| 0:45.8 | as the Senate's parliamentarian, or basically the person that's responsible for making sure |
| 0:49.6 | that everything is proceeding properly, ruled that the minimum wage increase could not be |
| 0:53.4 | in the relief package, so Democrats are then trying to add some new language that |
| 0:57.4 | would penalize companies for not paying their workers $15 an hour. |
| 1:01.2 | So a bit of a mess, not something I'm trying to get into the politics of, but obviously |
| 1:04.6 | this has the market's attention currently. |
| 1:06.8 | Alright, so first up today, checking in again on the production halt that we had talked |
| 1:10.2 | about yesterday. |
| 1:11.2 | Of course Elon Musk had said that Fremont had been shut down for two days due to part |
| 1:14.3 | shortages, but they had restarted on the 24th, but separately from Elon's comments |
| 1:18.4 | there were a couple of reports from employees in various places saying that yes production |
| 1:22.5 | was starting back up on the 25th, but not in a full capacity in that some areas would |
... |
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