Trillion dollar Tesla

Equity

TechCrunch

News, Business, Entrepreneurship, Business News, Technology

4.2 • 372 Ratings

🗓️ 25 October 2021

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hark, all ye who pay attention to the stock market, for Elon Musk's wheels-focused company broached the $1 trillion market cap threshold today. Yeah, it finally happened, so the Equity team quickly scrambled for the microphones. Chris put together the show, allowing Alex and Kirsten to dive into the matter. Kirsten, in case you aren't familiar with her, is TechCrunch's transportation editor -- her crew handles everything that moves under its own power for the team. She's tremendous. Aside from the obvious market cap point, we got into: What news drove Tesla higher today, leading to its new valuation record? How is Tesla's overall financial performance looking? Has the model mix at the company changed over time? And, because Alex was curious, why Telsa cars all look the same when will the Cybertruck will come to market? In short, it was a very fun Twitter shot. Cheers, and Equity is back Wednesday with our regular programming. Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and welcome back to Equity, my name is Alex.
0:12.7	This is an Equity shot because something has happened in the world of technology that we cannot
0:16.4	shut up about.
0:17.6	And so to help us understand what is going on with Tesla today, I brought along Tech Runches
0:22.0	Transportation Editor,
0:23.2	Fine Human, and General Bon Vivon, if I may,
0:26.4	Kirsten Corosac.
0:27.2	Hey, how's it going?
0:29.0	Hey, Alex, I'm doing great,
0:31.1	excited to talk trillion dollar Tesla today.
0:34.0	Yeah, it's very impressive. So if you go back in time to understand exactly how Tesla pulled this off,
0:38.8	as recently as like the late 2019 era, Tesla was worth like $66 a share now it's worth 994 which is a simply
0:47.3	insane amount of value appreciation so here's the thing that I think people need to better understand.
0:53.5	Tesla win for being a company that was consuming lots of cash, raising money off the private
0:57.4	markets, and it became a company that generates cash and seems to be, based on its
1:02.4	last earnings report report relatively stable.
1:04.4	So what changed at Tesla operationally in the last couple of years that has really kind of
1:09.1	revolutionized its operations?
1:11.1	Well that's a mixed one because that's why Tesla is such an interesting
1:14.9	company because in many ways it has been incredibly successful in terms of scaling.
1:21.2	There are also sort of some mixed problems over there as well.
1:24.5	So on the manufacturing front.
	...

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