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Tesla Daily: Tesla News & Analysis

Model 3 Orders Begin in China, Software Update, VW CEO Comments on EV Plans, TSLA Closes at 3-Month High (11.16.18)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tsla, Model3, Technology, News, Tesla, Investing, Tech News, Modely, Business, Models, Modelx

4.81.1K Ratings

🗓️ 17 November 2018

⏱️ 7 minutes

🧾️ Download transcript

Summary

– Tesla has opened orders to at least some reservation holders in China, disclosing pricing and options
– Model 3 software update adds a couple new features
– VW’s CEO comments on the company’s EV plans
– TSLA closing price is the highest in the last 3 months

Links:
Email > [email protected]
Twitter > @teslapodcast
Patreon > patreon.com/tesladailypodcast

Executive producer Jerome Jorden
Executive producer Rob Gill
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock

The post Model 3 Orders Begin in China, Software Update, VW CEO Comments on EV Plans, TSLA Closes at 3-Month High (11.16.18) appeared first on TechCast Daily.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to the Friday November 16th 2018 edition of Tesla Daily Unofficial

0:11.8

Tesla Podcast. My name is Rob

0:13.6

Maower. Not a whole lot to cover today pretty quiet news day overall, but we do have

0:17.1

some updates for China as well as Canada and some recent news from

0:20.6

Volkswagen to discuss. Tesla stock with a pretty strong performance on the day and especially strong into the

0:26.2

clothes, finishing up 1.68% to $350.31 cents, this compared to the NASDAQ down 0.15%.

0:35.0

Last week my Friday episode was basically all about my confidence for Tesla in the short

0:39.3

to medium term, pending the macro environment, obviously. And then of course we had a super tough day on

0:44.3

Monday falling back into the 3 30s but I'm really happy with the performance of the

0:48.8

stock throughout the week closing today at not only the high of the last two weeks,

0:53.6

but the highest closing price that we've seen in over three months

0:57.0

since August 13th. Tesla was also stronger on the week

1:00.1

than the NASDAQ finishing up about 1.1% compared to the NASDAQ falling by about 2.1%.

1:06.2

So even with that tougher macro environment, Tesla was able to continue the uptrend.

1:11.3

And then with such a strong close to end the week, always like seeing that I don't know if that means anything

1:16.1

Significant technically I don't trade on technicals but I do kind of watch for those Friday closes and if nothing else it's at least nice to go into the weekend with some

1:23.3

momentum. All right so on to the Tesla news then yesterday we talked about how

1:27.8

Elon tweeted that deliveries in China should start happening in March or April.

1:31.6

Well last night it looks like for the first time

1:34.3

Tesla began taking orders for model 3's for China. Right now, the mid-range model is not available.

1:40.3

They're only offering the long-range all-wheel drive as well as the performance

1:44.6

model three at this time. Pricing right now is pretty high it converts over to about

...

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