New Visualizations, Bernstein, China Records, Thailand Interest, Model Y (12.08.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

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

4.8 • 1.1K Ratings

🗓️ 9 December 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

➤ Tesla teases a number of new features coming soon
➤ Bernstein calls TSLA short their best idea for 2024
➤ Tesla China sales and production
➤ Model Y standard range sells out
➤ Tesla executives meet in Thailand
➤ Model Y becomes second best-selling car in US
➤ Tesla adds pre-qualifying finance option
➤ Cybertruck discussion from reviewers: https://youtu.be/8_aE58AMIw0
➤ Calendar

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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

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

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0:00.0	Hey everybody Rob Meyer here happy
0:09.0	happy Friday today we are going to be talking about some new features that
0:11.7	Tesla has announced related to the holiday
0:13.2	update and some visualizations, which are pretty interesting.
0:16.6	Also got some news on Tesla in China, Thailand, and a few other items as well.
0:21.3	Right, looking up the stock, Tesla basically tracking the NASDAQ again today up about a half a percent,
0:25.6	closing at $243.84, the NASDAQ up about a half a percent as well.
0:31.6	We'll stay on the stock for a second. We got an interesting note from
0:34.7	Bernstein analyst Tony Sakanagi today. Long coverage or long time covering Tesla for Tony Sakanagi and has pretty consistently been bearish on the stock.
0:45.0	He is saying that Tesla is one of their best or actually is their best idea
0:50.0	or sorry shorting Tesla stock is their best idea for 2024 they see nearly 40%
0:57.2	downside for the stock again they have consistently seen 40% downside for the
1:02.0	stock probably as far back as I can remember,
1:04.8	but $150 price target on the stock and saying at a fundamental level, 2023 has been a very difficult
1:10.0	year for Tesla with 2023 EPS 50% below consensus estimates at the start of the year
1:15.7	yet amazingly the stock has nearly doubled year to date. Of course all of us know that
1:21.1	that doubling year to date happened because January 1st happened to be a low point for Tesla.
1:26.0	If you go back even just a couple of more months, Tesla's actually down from, you know, October of last year.
1:33.2	So a little bit disingenuous to frame things up that way.
1:36.1	I'm sure he's aware of those things, but nevertheless that context is very
1:40.0	important when you're looking at things like that.
1:41.6	Says according to analyst estimates,
	...

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