Musk Talks TSLA Stock, Battery Day Reactions, EV Market + Tesla Interest in LG Investment? (09.28.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 29 September 2020
⏱️ 16 minutes
🧾️ Download transcript
Summary
➤ Elon Musk discusses Tesla’s stock price, media coverage and Wall St. reactions to Battery Day, and more in a new interview with Kara Swisher. Transcript: https://www.nytimes.com/2020/09/28/opinion/sway-kara-swisher-elon-musk.html?showTranscript=1
➤ Musk congratulatory on Tesla quarterly deliveries, but notes logistical challenges
➤ Discussion on overall EV market and Tesla’s growth
➤ Korea Times reports on Tesla interest in taking stake in LG Chem spinoff
➤ Tesla and Piedmont Lithium agree on lithium supply contract
#Tesla #TSLA #Investing
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Editing assistance by Jasem Ashkanani
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey, |
| 0:03.6 | thank you. |
| 0:04.6 | Hey everybody. |
| 0:07.6 | Hey everybody, Rob Maower here and today we are talking about a recent interview |
| 0:11.0 | with Elon Musk and Kara Swisher for the New York Times. |
| 0:13.7 | We have a few Elon Musk tweets to catch up on, some news on the supply chain, and a couple other |
| 0:19.1 | quick things as well. |
| 0:20.9 | So to start the week off, Tesla stock on the day finishing up 3.4% to |
| 0:24.7 | $121.20. That compared to the Nasdac also with a strong day up 1.9%. |
| 0:30.4 | We'll start off today with the highlights of a Karas-hisher interview with Elon Musk in the New York Times. |
| 0:35.0 | As always I would recommend listening to the full interview it's about 45 minutes pretty interesting, |
| 0:39.0 | but there is a full transcript available online and I'll link that in the show notes as well. |
| 0:43.4 | Tesla wasn't a huge focus of the conversation of course it was sort of |
| 0:46.8 | omnipresent throughout underlying a lot of elements but they did start talking |
| 0:51.0 | about Tesla specifically about Battery Day and some of Elon Musk's thoughts coming out of that event. |
| 0:57.0 | And Elon was actually pretty unhappy with how the press has covered the event and how Wall Street has reacted in some corners. I think a lot of us can understand that. |
| 1:05.2 | But Elon started off by saying, quote, smart people on Wall Street have usually not the |
| 1:09.6 | faintest clue about manufacturing and how difficult it is. They think that once you have come up with a prototype, well, that's the hard part, and everything else is trivial copying after that. It is not. That is perhaps 1% of the problem. Large-scale manufacturing, especially of a new technology, is |
| 1:25.1 | somewhere between 1,000% and 10,000% harder than the prototype. I would really regard |
| 1:30.4 | at this point prototypes as a trivial joke. The press coverage of this event was sad, end quote. He elaborated quote, a sad reflection of their understanding, really, end quote. So, Kareswisher asked Elon to explain it, he said, quote, I mean I'll try, but I'm also not trying to convince people that much. |
| 1:47.5 | The results will speak for themselves. The cells we're talking about, we have produced many of them. |
| 1:52.0 | We have had cars driving with those cells since May. |
... |
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