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Tesla Daily: Tesla News & Analysis

Q2 Earnings Call Takeaways & Analysis (07.19.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 19 July 2023

⏱️ 21 minutes

🧾️ Download transcript

Summary

➤ Join Rob Maurer for live reaction to Tesla's Q2 2023 earnings call
➤ Reaction to shareholder letter: https://youtube.com/live/XoZNcLijT1g

Shareloft: https://www.shareloft.com
Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast
Tesla Referral: https://ts.la/robert47283

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

Click on a timestamp to play from that location

0:00.0

Hey everybody, Rob Mauer here and today we are going to be going through test with Q2 earnings

0:11.2

call. Sorry about the issues on the actual live call. Hopefully you guys can give me a heads

0:16.2

up if everything is working now. But I do apologize for that. Obviously, extremely frustrating

0:21.3

for me. I did test it and everything was working good. Just going to get things fixed.

0:24.5

So we are going to go through just the normal call takeaways like we normally would do after

0:28.8

earnings call. I'm just going to wait a second and again, make sure that everything is

0:32.5

working here. Okay. So let me know in the comments and then we'll continue. Someone says no

0:40.6

audio. Great. That's nice. Just going to wait a couple more seconds here. Perfect now.

0:48.8

All right. Thanks Todd. Appreciate that. All right. So as usual, I went through and you know,

0:53.6

took the normal notes on the call. So we'll kind of go through in sequential order. I've

0:58.1

bolded a couple of things that are, you know, stuck out to me as major big news from the

1:02.2

call. But we'll start off, you know, Tesla said they're continuing to target 1.8 million

1:06.3

deliveries. The slight decrease though, expected in production in Q3 for what Tesla called

1:12.6

global factory upgrades. So kind of interesting to hear about that. You know, obviously there's

1:18.4

been a lot of rumors about Tesla and Project Highland. It would seem that that would be scheduled

1:23.2

now for Q3 with Tesla talking about these upgrades to come. So that's going to not only

1:29.7

hit production, probably hit deliveries as well, depending on how much inventory Tesla

1:33.2

works through. And it will also hit margins as Zach mentioned later in the call due to

1:38.5

downtime and just spend for those production upgrades. So we will have to wait, you know,

1:43.8

and see on that. But should expect declines in the third quarter. Going from there, Elon

1:50.0

talked about the robot taxi that they're working on the next generation vehicle.

1:52.8

Said it should have quasi infinite demand talked about it being not only revolutionary

...

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