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Tesla Daily: Tesla News & Analysis

Toybox Improvements, UBS Downgrade, HBD Elon (06.28.19)

Tesla Daily: Tesla News & Analysis

Rob Maurer

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

4.81.1K Ratings

🗓️ 29 June 2019

⏱️ 7 minutes

🧾️ Download transcript

Summary

– Discussing the newest improvements to Tesla’s software suite
– UBS downgrades TSLA again
– Happy birthday to Elon Musk!

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

Executive producer Rob Gill
Executive producer Jeremy Cooke
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock & derivatives

The post Toybox Improvements, UBS Downgrade, HBD Elon (06.28.19) appeared first on TechCast Daily.

Transcript

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0:00.0

Hello and welcome to the Friday June 28th 2019 edition of Tesla Daily Unofficial Tesla Podcast.

0:13.3

My name is Rob Maower.

0:14.2

I have a couple new software features from Tesla

0:16.2

to discuss today as well as a new analyst note.

0:19.0

Before we do any of that, though, because it is June 28th today,

0:22.3

happy birthday to Elon Musk.

0:24.5

Tesla stock on the day today did finish up slightly 0.28%

0:28.6

to $223.46 cents as compared to the Nas NASDAQ up 0.48%.

0:33.9

That green finish did come despite a downgrade from UBS analyst Colin Langen

0:38.2

from $200 per share to $160,

0:40.8

also lowering earnings estimates for the current year and the out years through

0:44.8

2023. From the note, Langen said, quote, as we expect margin headwinds and slowing deliveries,

0:50.7

we remain bearish, end quote. Also adding, quote quote we expect losses in the second half to increase as

0:56.3

deliveries likely soften and the impact of pricing actions continues to weigh on margins

1:01.2

end quote u b buss also expressed concern for international deliveries, both for Europe and China.

1:07.0

But on the other hand, they also in regards to Q2 deliveries say, quote,

1:11.0

deliveries may provide a pop, but earnings may cause a drop, end quote.

1:15.0

Soon enough we will have those final numbers for Q2 deliveries.

1:19.0

As a reminder back in 2015, Tesla said, quote, going forward, Tesla will publish the number of new car deliveries

1:24.8

within three days of quarter end, end quote.

1:27.3

So there's always a bit of confusion, especially when there are holidays or weekends or things

1:30.6

like that on whether or not Tesla met business days or just

...

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