4.8 • 1.1K Ratings
🗓️ 18 September 2023
⏱️ 14 minutes
🧾️ Download transcript
➤ Tesla produces 5 millionth vehicle just months after hitting 4 million
➤ Goldman Sachs lowers TSLA estimates
➤ Report on Tesla’s Dojo plans
➤ Musk meets with prime minister of Israel and president of Turkey
➤ Tesla and Hertz add app access
➤ Insight from Deutsche Bank note
➤ California sues oil companies
➤ SpaceX countersues DOJ
➤ The Boring Company to host demo day
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Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Michael Pastrone
Executive producer Richard Del Maestro
Executive producer John Beans
Disclosure: Rob Maurer is long TSLA stock & derivatives
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0:00.0 | Hey everybody Rob now we're here welcome back to Tesla Daily today we are talking about |
0:11.5 | various Elon Musk meetings we got a report on Project Dojo and a major production milestone |
0:16.6 | for Tesla amongst a few other items. |
0:19.4 | Looking at the stock Tesla not quite as strong as the beginning of last week I think was |
0:22.9 | when we had a nice day from the Morgan Stanley increase this week starting off down |
0:26.7 | 3.3% closing at $265.28 the NASDAQ basically flat on the day to day we did have a report |
0:34.4 | an analyst report today as well or over the weekend from Goldman Sachs they've kept their price |
0:39.6 | target at $275 kept their neutral rating on the stock but they did cut their estimates based |
0:44.8 | off of their assessment of average selling prices noting the reduction that we've previously |
0:49.6 | talked about on Model S and Model X they did say that some of that will be offset by Highland but |
0:54.5 | probably not early off or probably not impactful at least to the third quarter so anyway they've |
1:00.4 | cut their full year estimates from $3 of earnings per share to $290 now $290 and for next year |
1:08.7 | from $4.25 to $4.15 based off of those lower average selling prices so nothing too new that we |
1:15.6 | haven't really talked about but just them chiming in and maybe had an impact on the stock today |
1:20.8 | are getting into the milestone for Tesla Tesla has announced over the weekend that they have |
1:25.2 | produced their 5 millionth car in the history of the company this comes just after just over six |
1:32.9 | months after Tesla produced their 4 millionth vehicle and see a photo here of the 5 million |
1:37.1 | vehicle looks like the 5 millionth did turn out to be a Highland Model 3 which is nice to see |
1:42.7 | so like I said the 4 millionth vehicle that was announced by Tesla to have been produced on |
1:46.8 | March 1st earlier this year so just over again six months since that vehicle was produced which is |
1:53.3 | pretty impressive to see obviously that puts Tesla close to a 2 2 million per year run rate on |
1:58.6 | production a little bit below that but obviously we've had some impact probably from the Highlands which |
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