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Tesla Daily: Tesla News & Analysis

Q3 Estimates, New Tesla Board Member, Analyst Updates (09.28.22)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 29 September 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

➤ Tesla appoints new board member
➤ Piper Sandler lowers TSLA price target
➤ Citi issues updated TSLA note
➤ Walking through Q3 delivery and production estimates

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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

Click on a timestamp to play from that location

0:00.0

Hey everybody, we're up now we're here and today in terms of news we've got Tesla

0:11.1

welcoming a new board member we've also got a couple of analyst updates and then towards

0:15.0

the end of the episode we're also going to go through Q3 delivery and production estimates

0:18.7

we'll talk about consensus and I'll walk through my forecast and some of the reasons

0:22.2

behind that starting off with stock today Tesla up 1.7% on the day closing at $287.81

0:29.3

bid trail a little bit behind the NASDAQ today which was up 2.1% a little bit of weirdness

0:33.7

injected into the market today with some reports on maybe some iPhone weakness for Apple kind

0:40.4

of influencing some things maybe having effect on Tesla and some of their higher tech growth

0:46.8

stocks today a little bit but we'll see how that shakes after the rest of the week remember

0:52.4

we have PCE report coming up on Friday for the last day of the quarter so big news

0:57.4

today we have a new board member for Tesla Tesla is welcoming Joe Jebbia who was formerly

1:02.5

with Airbnb still has an advisory role there still sits on their board he did step down

1:07.5

from his operating role at the company in July sending out that letter he is a former

1:12.3

co-founder though of Airbnb and now joining Tesla board so I don't know I don't have

1:18.0

a ton of background information on him other than you know what we're all saying here

1:21.1

in Tesla's update but it is kind of interesting his experience with sort of this shared ownership

1:27.2

business model and how Tesla might be able to leverage some of that experience and knowledge

1:32.4

as Tesla hopefully moves more in that direction with autonomy and robots actually type of services

1:38.7

I would imagine that that's probably the fit that Tesla saw when making this addition

1:43.6

and I think that you know makes a lot of sense so definitely excited about this addition

1:48.2

and hopefully we'll see that you know have some impact here in the relatively near future

1:54.3

though it's still might be a while before Tesla is quite at that stage alright next

...

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