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Tesla Daily: Tesla News & Analysis

New Tesla Price Increases & Impact, GM Holds Investor Day (10.06.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tsla, Model3, Technology, News, Tesla, Investing, Tech News, Modely, Business, Models, Modelx

4.81.1K Ratings

🗓️ 7 October 2021

⏱️ 13 minutes

🧾️ Download transcript

Summary

➤ After relative stability throughout Q3, Tesla has continued raising prices
➤ Discussing Tesla’s margins and material costs
➤ GM holds Investor Day to map out plan and targets for 2030
➤ ARK Invest moves out of NYC
➤ Tesla shareholder meeting on October 7

Plaid producer Who Why
Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Jeffrey Yu
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

Hey everybody Rob, now we're here and today we're going to be talking about a new round

0:11.0

of price increases on Tesla vehicles.

0:13.6

It's been a while since we've had one of those.

0:15.1

We'll talk about what that might mean for the business.

0:17.8

Then we'll talk about the main takeaways from a big investor day presentation today

0:21.3

from General Motors.

0:22.6

They shared more specifics on their targets and plans for 2030 than a couple of the things

0:27.1

as well.

0:28.3

Another day in what has turned out to be a relatively quiet week for Tesla stock

0:31.6

so far, Tesla finishing up 3.10% today to $782.75, lagging a little behind the NASDAQ

0:38.8

which finished up about half a percent on the day.

0:41.3

Alright, so it's been a while since we've talked about this subject, but last night,

0:44.8

Tesla did finally increase their prices again here in the United States after a series

0:49.0

of price increases in the first half of this year.

0:51.7

Aside from a couple changes on the S and the X early in August, Tesla pretty much held

0:55.3

prices throughout the third quarter.

0:57.5

So if we look at our handy dandy price change table, we can see the changes here.

1:01.5

Tesla has raised the price on the standard range model 3 by $2,000 up to $41,900.

1:07.2

No change on the long range model 3, but the performance was increased by $1,000 up to $57,990.

1:13.4

As for the model Y, both trims there increased by $1,000.

1:16.5

So the long range now at $54,990 and the performance $61,999.

1:22.4

No further changes to the Model S and X price at this point, but you can see that so far

...

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