New Depth Visualization, China Sales Expected, 3/Y Progress, Boring Co. Project (07.07.21)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 8 July 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
➤ New visualization of Tesla’s vision-only depth perception from production vehicle
➤ TSLA stock drops alongside other EV manufacturers
➤ China June sales expected soon
➤ Discussion on Model 3 and Model Y production increases
➤ The Boring Company receives new project approval
➤ New Jersey renews/updates EV tax credit
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Executive producer Jeremy Cooke
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Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Everybody Rob, now we're here for a relatively quiet news day for Tesla, so today we're |
| 0:11.7 | going to take a look at a new post by green the only sharing out a visualization of how |
| 0:15.9 | Tesla's looking at depth with vision only. |
| 0:18.7 | Then we've also got a couple of updates out of China, some news on the boring company, |
| 0:22.2 | and an update to EV tax credits in New Jersey. |
| 0:24.9 | We'll start off here spending a minute on the stock, Tesla today again underperforming, |
| 0:29.1 | finishing down about 2.25 percentage points to $644.65 that compared to the NASDAQ essentially |
| 0:35.5 | flat on the day. |
| 0:37.2 | It was however a tougher day for automakers in general, 4gms to land this off finishing |
| 0:41.6 | down between 1 and 2% and EV makers in particular, having a rough go of it. |
| 0:46.5 | Neo on the day finishing down 8.5%, Xpang down about 6%, Lee auto down about 4.5%, Lucid |
| 0:52.8 | technically CCIV down 3%, Archimodo down 6%, etc. |
| 0:57.2 | Also relative to other EV stocks, Tesla actually doing pretty well today, I doubt there was |
| 1:01.2 | anything specific to Tesla that caused it to move down. |
| 1:04.5 | As for other news, most of what I've been seeing over the last couple of days is reports |
| 1:07.6 | on individual country sales in June. |
| 1:10.3 | I think most listeners will know that I tend to just not really report on that outside |
| 1:13.9 | of China, which we actually will talk about in a second, but this tends to happen every |
| 1:17.6 | quarter. |
| 1:18.6 | The first month of a quarter bears are out saying, oh look at how deliveries dropped month |
| 1:21.1 | of a month in X, European country, and then in the final month of a quarter, bulls |
| 1:25.6 | are out saying, look, Model 3 best selling car in this country in June. |
... |
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