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Tesla Daily: Tesla News & Analysis

Record Production, November Numbers, China Report, Tom Zhu, Twitter Debt (12.08.22)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 9 December 2022

⏱️ 12 minutes

🧾️ Download transcript

Summary

➤ Tesla sets production record at Giga Shanghai in November
➤ CPCA reports retail and export sales
➤ Bloomberg reports on shift reductions at Giga Shanghai
➤ Elon Musk comments on macro economic conditions, CEO role
➤ Alex Potter shares insight on China market
➤ Tom Zhu reportedly working out of Giga Texas
➤ Elon Musk reportedly considers margin loan to cover Twitter debt

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

Today we have more on Tesla in China, including domestic sales, exports, and production for

0:13.8

November.

0:14.8

We've also got a couple of comments from Elon Musk for their updates on Tesla's management

0:18.4

team, a report on Twitter's debt situation that may be relevant to Tesla, and a couple

0:22.4

of other items as well.

0:23.9

Tesla's stock kind of dragging today, after more reporting on production in China from

0:27.6

Bloomberg.

0:28.6

Today we'll talk more about that later on, but Tesla on the day-to-day down about

0:31.5

a third of a percent, closing at $173.44, Linazdak was up 1.1 percent on the day.

0:37.8

Alright, let's start off with the November numbers for Tesla in China as reported by the

0:41.3

China passenger car association today.

0:43.3

Earlier today, I did share that production number on ShareLoft.

0:46.6

Tesla's November production was again a record, 88,654 vehicles produced during the month.

0:52.6

No big surprises on the Model 3 and Model Y split the ratio coming in similar to October,

0:56.6

56,105 Model Y, 32,549 Model 3.

1:01.6

This is up 56% from last November, and almost a thousand more vehicles than Tesla produced

1:06.6

in October.

1:07.6

So this is the fourth consecutive record production month for Giga Shanghai.

1:11.6

While that total production number was only up about 1% month of a month, it's actually

1:15.1

a better increase because there's one fewer calendar day in November, so on a daily

1:19.0

production rate basis, that's about a 4% increase month of a month, which is pretty

1:23.5

solid for one month considering no further production upgrades.

...

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