New Battery Cost, Tesla Semi Details from Musk Interview + TSLA All-Time High (11.24.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 25 November 2020
⏱️ 12 minutes
🧾️ Download transcript
Summary
➤ Elon Musk shares new details on Tesla’s battery costs, Tesla Semi, Giga Berlin, and Tesla’s challenges for 2021 in a new interview for the European Battery Conference
➤ Full interview: https://youtu.be/gG6dwg6cyv0
➤ TSLA stock passes $500B market cap and hits new all-time high
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Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:13.6 | Hey everybody Rob mower here for yet another exciting day for Tesla stocks so of course we'll talk about that and we also have a new interview from Elon Musk about a 20 minute interview for the European |
| 0:17.0 | Battery Conference in which he has shared some new details on Tesla's battery |
| 0:20.6 | costs the Tesla semi-Guglfactory, and a couple other things as well. |
| 0:24.4 | So we'll go through the details on that and the most important takeaways. |
| 0:27.6 | First up, though, Tesla stocks, so finally setting a new all-time high, not just an all-time high close today that we had that too. |
| 0:35.0 | Tesla peaked during the day at $559.99, |
| 0:38.8 | surpassing that pre-market trade of $438 on September 1st. |
| 0:43.5 | So Tesla for the day finished up 6.4%. |
| 0:46.4 | That compared to the NASDAQ up 1.3% |
| 0:48.8 | with Tesla, again, closing at that all-time high close |
| 0:51.2 | of $555.38. |
| 0:54.4 | Of course today's move now means that Tesla is valued at over half a trillion dollars. |
| 0:59.4 | Quick look at the volume here pretty similar to yesterday, |
| 1:01.7 | 51.6 million shares traded today so that's |
| 1:04.9 | 79% of the 12 month average of about 65 million shares tomorrow will be |
| 1:09.2 | kind of interesting as we head into the market being closed on Thursday and early close of course on Friday for the Thanksgiving holiday. |
| 1:15.8 | All right, moving on to the European Battery Conference interview with Elon Musk then. |
| 1:20.1 | This was overnight about 2 a.m. Pacific Pacific Time about a 20 minute interview and Elon did share quite a few things. |
| 1:25.8 | One of the things that caught the most attention at least on Twitter today was Elon Musk's comments on long-term battery cost goals for Tesla. |
| 1:33.0 | So of course we heard at Battery Day |
| 1:34.0 | they aimed to reduce those costs |
| 1:36.0 | by about 56% per kilowatt hour. |
... |
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