Hello and welcome to the Wednesday October 31st 2018 edition of Tesla Daily on

official Tesla Podcast. My name is Rob

Maower. Today we're talking about a couple of comments coming from earnings

reports of other companies relating to Tesla. Tesla stock on the day finishing

up 2.25% to $3.37.32, this compared to the Nasdac up 2.01%.

Okay, so today a couple of other companies relevant to Tesla also reported their quarterly earnings, this being

Panasonic and General Motors.

Panasonic announced that their operating profits were down 15% year over year.

Part of that was due to increased costs associated with ramping up production in the

giga factory. But this is not dissuading Panasonic at all from continuing to invest in the

giga factory. Reuters covering the earnings report said, quote,

Panasonic said it was in talks to add to its 1.6 billion dollar investment

and take capacity at the so-called Guigofactory.

Over the 35 gigawatt hours, it is set to reach by March end end quote

so for context model three production of 5,000 vehicles per week should be around a 20 gigawatt hour

annual run rate.

So that's kind of where Tesla's at right now,

Tesla and Panasonic in combination at the gigafactory.

It sounds like Panasonic is preparing to ramp up to a 35 gigawatt hour run rate

by the end of March 2019. If that were to come to

fruition, that would mean about a 75% increase from where a Panasonic and Tesla are at, kind of

at the end of Q3 and early Q4.

...