Minor Fremont Fire, Morgan Stanley Update, UBS Profitability Report (08.24.18)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 24 August 2018
⏱️ 5 minutes
🧾️ Download transcript
Summary
– Minor fire at Tesla’s Fremont factory
– Morgan Stanley reportedly advising Musk
– UBS profitability report on Model 3
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Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock
The post Minor Fremont Fire, Morgan Stanley Update, UBS Profitability Report (08.24.18) appeared first on TechCast Daily.
Transcript
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| 0:00.0 | Hello and welcome to the Friday August 24th 2018 edition of Tesla Daily on |
| 0:11.4 | official Tesla Podcast. My name is Rob |
| 0:13.5 | Maower. Today we don't have, honestly we don't have that much to cover. I was |
| 0:16.6 | going to talk a little bit about the UBS report, the fire at Fremont |
| 0:19.7 | yesterday, and a little bit more on Morgan Stanley, but really not that much going on right now. |
| 0:24.0 | I waited to record in the afternoon thinking maybe something would happen during the day |
| 0:26.7 | and didn't want to miss that over the weekend but nothing really new today either |
| 0:29.7 | Tesla stock finishing the day up 0.85 percent. It traded in a really narrow band throughout the day. the diminished a little bit. Personally, I'm happy to start to see some stabilization. I think that stabilization |
| 0:45.0 | particularly impressive given the fact that there was a fire at Fremont yesterday. |
| 0:48.8 | Electrec was quick to report on it |
| 0:53.2 | on it and to their tweet of the article. |
| 0:51.8 | Elon replied on Twitter saying, quote, I was just there. |
| 0:55.0 | Cardboard being prepped for recycling along southern fence line caught fire. |
| 0:58.1 | Super appreciate fast response by Fremont Fire Department. |
| 1:01.2 | No injuries or damage to factory." |
| 1:03.2 | End quote. Surprisingly and uncharacteristically, I did not see this kind of splashed all over the headlines |
| 1:09.2 | like we would normally see with a fire involving any sort of test like, whether it be a vehicle, factory, whatever. |
| 1:15.0 | So I do think that this was a case where Elon being really active on Twitter was helpful and something that was a positive. |
| 1:21.0 | He can use that to extremely effectively |
| 1:23.8 | disseminate important news on Tesla in a really efficient way. So I know there are a lot of people |
| 1:28.8 | out there that wish Elon would take a break from Twitter or even delete his |
| 1:32.0 | Twitter account and we actually did even see him recently |
... |
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