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Tesla Daily: Tesla News & Analysis

Tax Credit Difference Covered if Tesla is Unable to Deliver (12.23.18)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tsla, Model3, Technology, News, Tesla, Investing, Tech News, Modely, Business, Models, Modelx

4.81.1K Ratings

🗓️ 23 December 2018

⏱️ 5 minutes

🧾️ Download transcript

Summary

– Tesla continues offering 2018 delivery on new orders
– Musk says Tesla will cover tax credit difference if Tesla is unable to deliver prior to the end of the year

Links:
Email > [email protected]
Twitter > @teslapodcast
Patreon > patreon.com/tesladailypodcast

Executive producer Jerome Jorden
Executive producer Rob Gill
Executive producer Rish Singh
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock and derivatives

The post Tax Credit Difference Covered if Tesla is Unable to Deliver (12.23.18) appeared first on TechCast Daily.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to the Sunday December 23rd 2018 edition of Tesla Daily on

0:11.6

official Tesla Podcast.

0:13.5

My name is Rob Maower doing a Sunday episode today because the schedule will be a little

0:16.9

bit weird with the holidays right now.

0:18.9

I am on vacation until January 2nd, but I do plan to continue podcasting as needed probably won't be every

0:25.4

single day but I will still be keeping an eye on the news and as big things come up I

0:29.7

will still podcast as a reminder of the holiday schedule for the markets, the NASDAQ does close early

0:34.8

tomorrow, closes at 1 PM Eastern time on Monday the 24th, and then it's closed the entirety of Christmas

0:40.4

Day on December 25th, Tuesday. So wrapping up our conversation on Tesla. of Christmas

0:45.0

on December 25th, Tuesday.

0:46.0

So wrapping up our conversation on Tesla's performance from last week.

0:46.4

Tesla did finish Friday in the green, up 1.39% to $319.77 cents, this compared to the NASDAQ, which again continued to fall down 2.99%.

0:58.6

That put the NASDAQ's performance on the week Monday through Friday, down 8.36%. This was the worst week for the NASDAQ in over a decade.

1:09.1

You have to go all the way back to the week of November 16, 2008 to find a worse week. That week finished down 8.74%.

1:17.0

Now 2008 was definitely worse. That year we had weeks where the NASDAQ was down 9, 11, and 15%, all well above this level,

1:25.7

but it's been a long time since we've seen this steep of a decline so quickly.

1:29.3

Tesla ended up only, say only in quotes I guess, finishing the week down 12.6 percent.

1:35.0

And for Tesla we're kind of used to that. That's only the third worst week that we've seen this year for

1:39.5

Tesla stock. In the worst macro environment in a decade, I can live with that.

1:43.0

Getting into the news then, there's not a whole lot.

1:45.0

The biggest piece of it is probably Elon Musk on Twitter saying that if customers made a good faith effort to take delivery before the end of the year and they were not able to,

1:55.2

then Tesla would cover the difference between the full tax credit, which they would be guaranteeing

...

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