Model Y Outdated Production Plan Leaked, Tariff & Tax Credit News (12.03.18)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 4 December 2018
⏱️ 10 minutes
🧾️ Download transcript
Summary
– Trump tweets about China’s automotive tariffs
– Economic adviser Larry Kudlow discusses the federal EV tax credit
– Business Insider reports on Model Y production plans and other details (Link)
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Disclosure: Rob Maurer is long TSLA stock
The post Model Y Outdated Production Plan Leaked, Tariff & Tax Credit News (12.03.18) appeared first on TechCast Daily.
Transcript
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| 0:00.0 | Hello and welcome to the Monday December 3rd 2018 edition of Tesla Daily on |
| 0:11.5 | official Tesla Podcast. My name is Rob Hour. Today we were talking |
| 0:14.6 | about tax credits tariffs and a little bit about model Y. Tesla stock had a pretty strong |
| 0:19.7 | performance on the day up 2.29% to $358.49 |
| 0:24.4 | this compared to the NASDAQ up 1.51%. |
| 0:28.2 | Couple of pieces of government news influencing Tesla |
| 0:30.7 | today, the first of which coming from a Donald Trump tweet last evening, |
| 0:35.0 | Trump saying, quote, China has agreed to reduce and remove tariffs on cars coming into China from the US. |
| 0:41.0 | Currently the tariff is 40%. End quote. Now of course the tariff used to |
| 0:45.0 | be 15% it has recently increased to 40% as we've discussed so any progress on |
| 0:50.1 | returning that to the previous 15% tariff or potentially getting it lower than that |
| 0:54.9 | would be a significant win for all the current U.S. automakers, including Tesla. |
| 1:00.1 | I think that helped the stock today. |
| 1:01.7 | Other automakers were up as well. GM I think like 1.3 percent. |
| 1:05.3 | Forward was up 2 percent in Chrysler something around 4 percent. It's not really clear exactly |
| 1:09.8 | the timeline and |
| 1:13.7 | and said that China expects to announce sort of a timeline and plan |
| 1:17.2 | at the end of the year. |
| 1:18.3 | Hopefully we'll get some more news on that in the next few weeks |
| 1:20.7 | because from the Trump tweet, |
| 1:22.4 | it's not exactly clear what the |
| 1:24.2 | reductions or removal may be. It's interesting that he says reduce and remove tariffs |
... |
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