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Tesla Daily: Tesla News & Analysis

New Product Teaser, EV Credit Updates, Semi Recall, Franz Interview, Q1 Forecasts (03.31.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 1 April 2023

⏱️ 24 minutes

🧾️ Download transcript

Summary

➤ Delivery and production expectations for Tesla’s first quarter of 2023
➤ PCE report below forecast
➤ Preliminary EV credit adjustments issued
➤ Tesla China teases new product unveiling
➤ Tesla recalls Tesla Semi
➤ Franz von Holzhausen discuss Tesla in Motor Trend interview: https://youtu.be/tY37muDxFRI

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Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Michael Pastrone
Executive producer Richard Del Maestro
Executive producer John Beans
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

We've also got quite a bit of other news.

0:19.4

We've got some updates on the EV tax credit, a semi recall, and then a new teaser for

0:24.5

our product from Tesla in China.

0:27.2

Taking out the stock though, nice day to close up the week here and close up the quarter,

0:31.2

up 6.25% to close at $207.46 while the NASDAQ was up 1.3% on the day today.

0:38.6

So nice to see that actually turned into a pretty strong week here for Tesla.

0:42.6

We did get a nice PCE report this morning, lower than expectations, we won't spend much

0:46.2

time on this, but Core came in 0.3% below 0.4% expected, so 4.6% down from 4.7% as expected.

0:56.2

So that was the lowest core PCE increase year over year since about 15 months ago.

1:01.4

So good to see a little bit softer number there in the PCE.

1:04.2

Of course this was a February number, so we're still going to have to see how March data

1:07.9

comes in.

1:08.9

Hopefully things should improve after a lot of the turmoil that we have seen in the banking

1:13.2

industry.

1:14.2

Alright, we do have an update on the EV tax credit finally today on the last day of March.

1:19.6

We've been waiting for this throughout the month, and it doesn't seem like there has been

1:22.5

too many major changes in terms of the guidance here on the critical minerals requirements,

1:27.6

on the materials requirements either.

1:30.8

So they've just outlined sort of their three step process for battery minerals, critical

1:38.3

minerals, and then a four step process for battery components.

1:42.2

There's also a lengthy 60 page PDF here walking through sort of how these guidelines

1:48.9

are going to be structured in terms of the code.

...

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