Model 3 Production Claims by Business Insider (06.20.18)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 20 June 2018
⏱️ 5 minutes
🧾️ Download transcript
Summary
– Business Insider claims to have seen internal documents disclosing 2018 Model 3 production (Link)
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Disclosure: Rob Maurer is long TSLA stock
The post Model 3 Production Claims by Business Insider (06.20.18) appeared first on TechCast Daily.
Transcript
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| 0:00.0 | Hello and welcome to the Wednesday June 20th 2018 edition of Tesla Daily on |
| 0:11.4 | official Tesla Podcast. |
| 0:13.0 | My name is Rob Maower. |
| 0:14.0 | Today we are talking about a business insider article on model 3 production. |
| 0:17.0 | Tesla stock on Tuesday closed down 4.93% to $352.55, this compared to the NASDAQ down 0.28 percent. |
| 0:25.8 | It was a pretty tough day for the markets overall. |
| 0:27.7 | The Dow was down 1.15 percent. |
| 0:30.0 | We've talked quite a bit about sentiment and watching four changes in sentiment over the last few days. |
| 0:34.9 | My perception is that this isn't a change in sentiment. |
| 0:37.7 | I think it was probably just a tougher day for Tesla. |
| 0:40.3 | We've had a huge run-up over the last month. So we'll see, but I didn't necessarily get a sense of a lot of negativity around Tesla from the headlines that I was seeing yesterday. |
| 0:50.0 | All right, so just a quick episode today, I wanted to talk about an article that came out yesterday from Business Insider. I would preface this by saying take this information with a huge grain of salt. We don't have any way to verify it. The only reason that I'm even discussing it is because I think the |
| 1:04.3 | information seems plausible. Business Insider is claiming, quote, |
| 1:08.4 | Tesla has made about 30,000 model three vehicles in 2018, according to internal documents viewed by |
| 1:14.8 | Business Insider and confirmed by two Tesla employees end quote the other claims |
| 1:19.2 | that business insider makes are that quote according to a person familiar with the matter, end quote, |
| 1:24.8 | Tesla has made about 6,000 model 3s in the month of June so far. |
| 1:28.9 | Their last claim is that fewer than 100 vehicles have made it through the new General Assembly line that we discussed yesterday |
| 1:34.9 | in the sprung structure, also known as the tent. So if we operate under the assumption that these |
| 1:40.9 | claims are true, which again we have no way to verify. That would |
| 1:44.3 | mean that if model three production year to date is at about 30,000 vehicles, if we |
| 1:48.6 | subtract the Q1 production of 9,766, Q2 production so far would be roughly 20,250. |
... |
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