New Tesla Factory in Shanghai
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 10 April 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
Our links:
Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.
Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.
Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.
Wall Street Breakfast on Twitter
Show links:
Sen. Elizabeth Warren, others request DOJ probe of Warner Bros. Discovery deal
Samsung Electronics to cut memory chip output by 'meaningful' level
Premier cancer research event, AACR is starting this week; Here is what to expect
Catalyst Watch: Eyes on inflation data, big bank earnings
The March Jobs Report Is Just Right
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning, today is Monday, April 10th, and I'm your host Julie Morgan. |
| 0:12.0 | Tesla has plans to build a new factory in Shanghai. |
| 0:15.3 | Construction is expected to begin in Q3. |
| 0:18.7 | Non-farm payrolls rose 236,000 in March. |
| 0:22.6 | The unemployment rate fell and the participation rate increased. |
| 0:26.7 | Samsung Electronics announced it's reducing its memory chip production. |
| 0:31.3 | The company reported its smallest profit since the 2009 |
| 0:34.8 | financial crisis. Our top story. Tesla plans to build a new factory in |
| 0:41.0 | Shanghai to produce its mega-pack large-scale energy unit. |
| 0:45.0 | According to media reports, the electric vehicle maker made the announcement at a signing ceremony for the project in Shanghai. |
| 0:52.0 | Tesla confirmed the new factory in a tweet on Sunday. |
| 0:55.0 | The factory will be able to produce 10,000 megapacts a year. |
| 0:59.0 | Elon Musk tweeted that the megapac factory in Shanghai will supplement output of the megapack |
| 1:04.9 | factory in California. Reports say that construction on the new factory is expected to start in the third |
| 1:10.9 | quarter and the plant will begin production in the second quarter of |
| 1:14.4 | 2024. The factory will be the company's second in Shanghai as it already has a factory where it |
| 1:20.6 | manufactures its EVs. |
| 1:23.0 | The Tesla Mega Pack is described as a battery that provides energy storage and support, |
| 1:28.0 | helping to stabilize the grid and prevent outages, often used for utilities. |
| 1:33.6 | Last week, Tesla reportedly cut prices |
| 1:36.2 | on all US models of its EVs. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.