Model Y Test Drives, NY EV Charging, Baird Price Target, Robinhood, and More (07.17.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 18 July 2020
⏱️ 10 minutes
🧾️ Download transcript
Summary
Tesla solar or vehicle referral link: https://www.tesla.com/referral/matthew38789
➤ TSLA stock closes the week at $1,500/share heading into earnings next week
➤ NY state announces significant investment into electric vehicle infrastructure
➤ Baird analyst Ben Kallo increases price target on TSLA stock
➤ Further analysis on number of users holding TSLA in Robinhood accounts
➤ Tesla updates solar referral program
➤ Tesla begins offering Model Y test drives — plus analysis on the timing of initial Model 3 test drive offering
➤ Update on the Science Channel’s statement that Tesla is producing 13 millions cells each day at Giga Nevada
Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypod...
Plaid producer Who Why
Ludicrous producer Fred Hassen
Executive producer Rish Singh
Executive producer Jeremy Cooke
Executive producer Nick Wood
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre Kent
Executive producer Bryce Langlotz
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey, everybody Rob Maower here. This should be a pretty quick episode to wrap up the week. Not a whole lot of news but we do have some news from New York on |
| 0:13.7 | electric vehicle infrastructure, a new price target from Baird and some updates on yesterday's episode. |
| 0:18.4 | Tesla stock on the day today just so happened to close again right at $1,500 per share. Well, 84 cents above $1,500 per share, but only |
| 0:26.8 | up 0.01% on the day compared to the NASDAQ, up 0.3%. So the second day in a row, really really that we've closed on $1,500 per share |
| 0:34.6 | which I'm sure has nothing to do with the options market saying that facetiously |
| 0:38.6 | just to be clear. All right we'll start off with New York yesterday New York |
| 0:42.0 | Governor Cuomo announced a new infrastructure investment |
| 0:45.0 | project for electric vehicles called the EV Make Ready |
| 0:47.8 | program, intended to increase investment in EV charging |
| 0:51.0 | infrastructure in New York State. |
| 0:53.6 | In the release from the Governor's Office, they say, quote, |
| 0:56.0 | the E.V. Make Ready program will be funded by investor-owned utilities in New York State |
| 1:00.2 | and creates a cost sharing program that incentivizes utilities and charging station developers |
| 1:04.7 | to site electric vehicle charging infrastructure in places that will provide a maximum benefit to consumers. |
| 1:10.3 | The Public Service Commission order caps the total budget at 701 million |
| 1:14.6 | and will run through 2025, with $206 million |
| 1:17.8 | allocated toward equitable access and benefits |
| 1:20.2 | for lower socioeconomic and disadvantaged communities, which will also be eligible for a higher |
| 1:25.2 | incentive supporting up to 100% of the cost to make a site ready for EV charging." |
| 1:30.8 | New York State believes this funding will support the development of more than 50,000 |
| 1:35.0 | level two charging plugs, which they describe as being |
| 1:38.0 | quote, capable of charging a vehicle at least two times faster |
... |
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