Model 3 LR Order Halting, Huge New Investment, Megapack XL, Production Update, Battery News (08.15.22)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 16 August 2022
⏱️ 17 minutes
🧾️ Download transcript
Summary
➤ Fund discloses multi-billion dollar TSLA stock position
➤ Discussing Tesla’s decision to halt orders on the Model 3 Long Range in North America
➤ Tesla updates specs for new, larger Megapack
➤ Elon Musk comments on Tesla production milestones
➤ Giga Texas update
➤ Elon Musk writes essay for China Cyberspace publication
➤ Tesla receives large new order from startup
➤ Panasonic looks to improve Giga Nevada output
➤ CATL announces new factory
➤ Munro discusses 4680 battery cells
➤ EU court rules on “Autopilot” terminology
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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
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody, Rob Mauer here. Welcome back to Tesla Daily. Today we've got a lot to |
| 0:11.0 | go through, including Tesla removing the capability to order a long-range Model 3 from the US |
| 0:16.0 | Design Studio. Also got an update on Gigashang High's production news on Gigatexus, a couple |
| 0:21.1 | of new funds buying into Tesla, a new SA written by Elon Musk, and a few other things as |
| 0:26.5 | well. |
| 0:27.5 | Alright, so a couple of nice days here for Tesla Stock, finishing up 3.1% today to start |
| 0:32.1 | the week off, closing at $927.96 compared to the NASDAQ up 6 tenths of a percent, so |
| 0:37.8 | significant outperformance from Tesla on the day. So I'm quick recovery from Elon Musk's |
| 0:42.1 | sales last week. We are in the part of the quarter now where funds start disclosing |
| 0:45.9 | their positions from the previous quarter, so it's an opportunity for investors to kind |
| 0:49.6 | of see what other investors may be doing, and we do have a couple of notable additions |
| 0:53.3 | of Tesla to a couple of funds. Probably the one getting the most attention, just from |
| 0:57.4 | name recognition would be Soros fund management. It's about a $6 billion fund, and in the |
| 1:01.8 | second quarter they picked up a new position on Tesla, however, only about a $20 million |
| 1:05.7 | position, so pretty much inconsequential in terms of the weight of the portfolio, but |
| 1:10.2 | going from nothing to a small position, I guess, counts for something. But setting aside, |
| 1:14.6 | name recognition, the acquisition of more consequence would be from Netexus portfolio holdings. They |
| 1:20.4 | are actually a $28 billion fund or so, and in their recent 13F filing, they disclosed |
| 1:25.6 | that in the second quarter they added almost 15 million shares of Tesla, taking the weight |
| 1:30.8 | of Tesla in their portfolio from just under 2% previously, now to about 38% of their total |
| 1:37.3 | portfolio at the end of Q2. So a huge, huge portion of their overall investment, pretty |
| 1:42.4 | rare to see funds with that heavy of waiting, and that only would have increased, obviously |
... |
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