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Tesla Daily: Tesla News & Analysis

Q1 Earnings Questions, New Board Member, China NEV Subsidies, Audi Copies Tesla (04.23.20)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 23 April 2020

⏱️ 12 minutes

🧾️ Download transcript

Summary

➤ TSLA Q1 earnings call questions can now be submitted and voted for
➤ My question: https://saytechnologies.com/s/144fd76b
➤ Frank’s question: https://saytechnologies.com/s/f1c452d5
➤ TSLA analyst expectation divergence from Tesla’s long term plans
➤ Tesla appoints new board member, Hiromichi Mizuno
➤ China continues to adjust new-energy vehicle subsidy policy
➤ Audi straight-up copies Tesla
➤ New jobs report and PMI numbers

Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast

Executive producer Rish Singh
Executive producer Jeremy Cooke
Executive producer Nick Wood
Executive producer Fela Winkelmolen
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre Kent
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 Mower here and today we are talking about potential questions for Tesla's Q1 earnings call

0:12.4

Tesla's new board member, a couple other pieces of news, and then some macro stuff to close out the episode.

0:18.0

Tesla stock on the day today did finish down 3.6% to $750.63 that compared to the NASDAQ down just 1 one hundredth of a percent.

0:27.0

All right, so yesterday, S.A.com, which is the website that Tesla partners with to solicit questions from retail investors for their earnings call, opened up the question submission process for Q1.

0:37.0

So, the most upvoted questions by a number of shares upvoted will be asked to Tesla next week. Generally Tesla takes five of these

0:44.9

from retail investors so I wanted to take a look today at the question I am asking

0:48.6

and why as well as the current top questions as there are a couple there that I'd

0:52.3

like to advocate for and

0:53.8

against. The question I have asked is Elon has mentioned a 50% compound annual growth rate

0:58.5

target for Tesla in the past is this still in line with Tesla's ambitions for the next five to ten years.

1:04.0

This would be four million plus vehicles in 2025 and 20 million plus vehicles in 2030.

1:10.0

Is 40% a more realistic target?

1:12.0

So this is pretty similar to the question that I asked last quarter

1:15.0

and I'll talk a little bit more about why in a second,

1:18.0

but this is more of a follow-up question to something that Elon said on the last earnings call.

1:22.0

In response to a question from Dan Galves about whether or not

1:24.7

Tesla could maintain a 30% growth rate over five years, Elon said that similar to what he had said a few years ago,

1:30.9

that in his estimate, quote,

1:32.5

Tesla would grow at an average compound annual growth rate,

1:35.2

average rate in excess of 50%.

1:37.2

I still hold that belief, end quote.

1:39.2

So to some extent this question has been answered,

...

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