Leaked Elon Musk Email, Tesla Firmware 2020.24.6, Texas Giga Hearing, Mercedes & Nvidia Partnership (06.23.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 24 June 2020
⏱️ 13 minutes
🧾️ Download transcript
Summary
➤ Tesla CEO Elon Musk emails all Tesla employees as the final days of Tesla's second quarter approach
➤ Tesla firmware version 2020.24.6 provides a number of interesting updates to Tesla's fleet
➤ Travis County holds a hearing with Tesla on the proposal for a Texas Gigafactory for Tesla's Cybertruck and Model Y
➤ Australia's renewable energy zones progress
➤ Mercedes and Nvidia partner for autonomous driving technology
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Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey, Rob Maower here and today we are talking about a leaked email from Elon as we approach quarter end, a new firmware update from Tesla, a meeting |
| 0:15.4 | in Travis County on Tesla's potential gigafactory in that location, some renewable energy |
| 0:19.6 | news in Australia and a partnership between Mercedes and Invidia. |
| 0:23.4 | We'll start off with the leaked email from Elon which seems to have become a quarter end routine. |
| 0:28.1 | In this case, Electrick is reporting on the email which was apparently sent yesterday |
| 0:32.0 | afternoon, Monday afternoon, to all Tesla employees, saying, quote, |
| 0:35.8 | for many reasons a great deal of Tesla execution worldwide is packed into the final week of the quarter. |
| 0:41.1 | It is very important that we go all out through the end of June 30 to ensure a good outcome. |
| 0:46.3 | Wouldn't bring this up, if not very important, thanks Elon, end quote. So I think the first thing that comes to mind for more bullish observers is okay |
| 0:54.8 | Elon may be referring to the potential for profitability here if Tesla goes all out |
| 0:59.7 | maybe they can achieve that for Q2 obviously that would preclude S&P 500 inclusion, |
| 1:04.6 | so maybe that is why Elon is saying that this is so important. |
| 1:07.6 | I don't fully agree with that line of thought. |
| 1:09.3 | I do think it's possible, but personally, I don't think Elon really |
| 1:11.8 | cares all that much about S&P 500 inclusion. |
| 1:14.5 | He knows it's inevitable. |
| 1:15.7 | If Tesla doesn't meet those requirements after Q2, it's almost certainly going to happen after |
| 1:19.2 | Q3. |
| 1:20.2 | And we've already seen Elon a couple weeks back say that the stock price was too high, so it doesn't look like he cares too much about the stock price right now, |
| 1:26.2 | and the short-term support that the S&P 500 inclusion might provide to that price. |
| 1:30.6 | That being said, separately from S&P 500 inclusionclusion, I do think that Elon would love to show a profit in this situation. |
| 1:37.0 | Knowing that they had their main factory shut down for half the quarter, and amidst a global pandemicemic it would be pretty incredible for |
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