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Tesla Daily: Tesla News & Analysis

Musk's CEO Role, TSLA Stock Rises, Credit Suisse, Shanghai Model Y, MotorTrend, ID.4 Teardown (04.13.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 14 April 2021

⏱️ 13 minutes

🧾️ Download transcript

Summary

➤ TSLA stock has best day in over a month as trading volume picks up
➤ Credit Suisse expects Tesla Q1 earnings beat
➤ Business Insider reports that Tesla offered CEO job to automotive veteran in 2015
➤ SpaceX wins launch contract, likely explaining Musk’s vague tweet
➤ Chinese firm tears down Shanghai-made Model Y
➤ MotorTrend ranks luxury sedan best buys for 2021
➤ Sandy Munro continues teardown of Volkswagen ID.4
➤ More details on Spain EV subsidy
➤ Schedule update

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Plaid producer Ice Lakes Investments
Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre/Maria Kent
Executive producer Jeff Sheets
Executive producer Jessie Chimni
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody, Rob Mauer here and today we're going to be talking about the really strong

0:10.8

day for Tesla Stock.

0:12.2

We've also got a really interesting report about Volkswagen Group CEO Herbert Deese and Tesla,

0:16.7

a Shanghai model Y-Tairdown as Stany Monroe continues the same with the VW ID4 and a couple

0:21.7

other stories as well.

0:23.1

So getting into the stock, Tesla today had its best day and over a month finishing up

0:26.6

8.6% to $762.32, rising steadily throughout the day while also being the highest volume

0:33.9

day for Tesla in over a month at about 44 million shares trading hands quite a bit higher

0:38.1

than the 27 million that we were seeing at the tail end of last week, even though last

0:42.0

week was the first week following the delivery report.

0:44.6

Sure seems like a lot of times it takes the market about a week to kind of understand

0:47.7

and react to things like that from Tesla.

0:50.9

Following today's trading Tesla Stock has now returned to positive year-to-date, Tesla

0:55.4

closed last year at $705.67, so now up about 8.0% on the year.

1:01.2

That does still trail a little bit behind the NASDAQ, which is up 8.6% year-to-date after

1:05.6

a pretty decent day-to-day, up just over 1%.

1:08.6

Credits we say on this day and Levy did chime in on the stock today.

1:11.5

He has a neutral rating on the stock and an $800 price target which he's reiterated,

1:15.7

but he is expecting a Q1 earnings beat, so he's forecasting 85 cents earnings per share

1:20.6

versus a consensus at 71 cents, but he expects some of that upside to be through regulatory

1:25.7

credits which, to everybody, are kind of a mystery, especially quarter to quarter.

1:30.3

So he said they are positive going to earnings, but the setup is less attractive now that

...

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