Model S/X China Recall, Model 3 Shanghai Exports, TSLA Stock, More Product Updates (10.23.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 24 October 2020
⏱️ 13 minutes
🧾️ Download transcript
Summary
➤ Tesla issues a recall of 30,000 Model S and Model X vehicles in China
➤ TSLA stock finishes down for the week despite strong earnings, FSD beta release
➤ Discussion on recent reports of Tesla’s plans to export Model 3 from Giga Shanghai in China
➤ Twitter user @greentheonly reports on firmware details which may hint at further product updates to Tesla’s Model 3, Model Y
➤ Reports of continuing discussion between Tesla, Indonesia on possible factory
➤ Tesla adds more solar panels to Giga Nevada
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Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody Rob mower here. Happy |
| 0:07.0 | Rob mower here. |
| 0:09.0 | Happy Friday. |
| 0:10.0 | Today we have some news on Tesla out of China. |
| 0:12.0 | We have a couple of product updates beyond what we have heard about with sort of the quote unquote 2021 model year refresh. |
| 0:19.0 | We have some news on Tesla in Indonesia and a couple other things as well. |
| 0:22.0 | We'll take a quick check on the stock since we haven't for a while. |
| 0:24.7 | Tesla on the day today finished down 1.2% to $420.63. |
| 0:30.0 | Six cents shy of the finish, I'm sure everybody was hoping for but the NASDAQ on the day finished up 0.4% so Tesla lagging behind a little bit there and for the week obviously this was earnings week a lot of expectations heading into it Tesla for the week now has finished down just a little bit less than 5%. |
| 0:46.0 | I think you've all heard my thoughts on earnings. |
| 0:48.0 | I was extremely happy with those. |
| 0:49.0 | We've also seen the full self-driving beta start to roll out |
| 0:52.0 | and initially the results from that |
| 0:53.5 | seem incredibly strong ahead of what I was expecting so to see the stock down certainly not |
| 0:58.2 | how I think the stock should be reacting to this news again I'm very bullish on Tesla. Tesla is ahead of my expectations. So I definitely |
| 1:05.8 | think right now Wall Street is completely missing the impact that what happened this week |
| 1:10.9 | is going to have in the future. I've joked around a little bit about that on Twitter this week is going to have in the future. |
| 1:12.8 | I've joked around a little bit about that on Twitter this week and some people have responded |
| 1:16.1 | to that saying, oh, it's not surprising, like isn't all this stuff already priced in? |
| 1:20.2 | The market already expects these things from Tesla. I don't think anybody expected a 23.7% |
| 1:27.0 | automotive gross margin excluding regulatory credits from Tesla, other than maybe a couple of the most bullish people on Twitter. |
| 1:34.0 | To me, that stuff is not priced in. |
... |
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