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Tesla Daily: Tesla News & Analysis

TSLA Defies Weak Macro-Environment, Price Target Increase, InsideEVs November Estimates (12.04.18)

Tesla Daily: Tesla News & Analysis

Rob Maurer

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

4.8 β€’ 1.1K Ratings

πŸ—“οΈ 5 December 2018

⏱️ 7 minutes

🧾️ Download transcript

Summary

– TSLA finishes in the green despite a challenging macro-environment
– CFRA increases TSLA price target
– InsideEVs releases their November delivery estimates

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

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

Disclosure: Rob Maurer is long TSLA stock

The post TSLA Defies Weak Macro-Environment, Price Target Increase, InsideEVs November Estimates (12.04.18) appeared first on TechCast Daily.

Transcript

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0:00.0

Hello and welcome to the Tuesday, December 4th, 2018 edition of Tesla,

0:12.1

podcast. My name is Rob

0:13.7

Maurer. Quite the day for the markets today, the Nasdaq, with the fourth

0:17.8

worst day of the year so far finishing down 3.80%. Tesla on the other hand finished in the green up 0.34% to $359.70.

0:28.4

From a macro environment perspective the market seemed to fall on diminished hopes of agreements with China on tariffs due to a couple of Trump

0:36.1

tweets. He began by explaining kind of the negotiation timelines for tariffs and concluded those

0:41.8

tweets by saying, quote,

0:43.4

President she and I want this deal to happen,

0:45.2

and it probably will.

0:46.4

But if not, remember, I am a tariff man.

0:49.6

When people or countries come in to raid the great wealth of our nation, I want them to pay for the privilege of doing so.

0:55.5

It will always be the best way to max out our economic power.

0:59.0

We are right now taking in billions of dollars in tariffs.

1:03.0

Make America rich again."

1:05.0

I'm obviously not going to go too deep on that,

1:07.0

but it did seem to be one of the things driving the market lower today.

1:10.0

I didn't really see a whole lot else out there, even though the tweets did happen pretty early in the morning, and the markets didn't really fall off until a little bit later on.

1:19.0

That being said, Tesla was still able to finish in the green today, even though there wasn't really a whole lot of news out there with

1:24.1

Tesla either.

1:25.7

There are a couple things which we'll get into, but I think right now just Tesla has a lot of underlying

1:31.3

strength behind it. Right off the bat this morning

1:33.9

Tesla started really strong throughout the day the macro did weigh on it a little bit

...

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