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Tesla Daily: Tesla News & Analysis

TSLA Stock to $780, Panasonic Turns Profitable at Gigafactory Nevada (02.03.20)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 4 February 2020

⏱️ 11 minutes

🧾️ Download transcript

Summary

- TSLA stock up nearly 20% and $130, discussion on what's going on and what to do from here
- Panasonic turns profitable at Gigafactory Nevada
- CATL signs supplier agreement with Tesla
- Argus Research increases price target on TSLA

Links:
Email: tesladailypodcast@gmail.com
Twitter: @teslapodcast
Patreon: patreon.com/tesladailypodcast

Ludicrous producer Vincent Smith
Executive producer Rob Gill
Executive producer Rish Singh
Executive producer Nick Wood
Executive producer Fela Winkelmolen
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
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

Hey everybody Rob mower here and of course today we are talking about Tesla stock.

0:11.0

Tesla stock on the day today finished up $130 almost 20% to

0:16.2

780 dollars even to end the day. This was the largest move by dollar volume in

0:21.8

Tesla's history.

0:23.5

Obviously I want to spend some time talking about that today and just my thoughts on the

0:26.6

stock moving forward.

0:28.5

And I think everybody's favorite question when we see these dramatic rises like this,

0:32.1

is this a short squeeze?

0:33.7

So we'll get to all that here, but first let's start with the news for the day.

0:36.3

So the three sort of pieces of news for Tesla today were related to battery supply as well as

0:42.4

an analyst price target upgrade.

0:43.8

So the first piece on battery supply is coming from Panasonic.

0:47.6

Panasonic in their earnings report today disclosed that their Gigafactory Nevada

0:51.2

partnership business with Tesla

0:52.7

has finally turned profitable.

0:55.3

This is important because it demonstrates the viability

0:57.8

that Tesla has been continuing to demonstrate

0:59.5

in their financials of electric vehicles as a business.

1:03.0

Not only has Tesla been improving fundamentally,

1:05.0

but now with their biggest supplier in terms of batteries,

1:08.0

Panasonic, showing profitability from that perspective,

1:10.0

it again demonstrates that viability

...

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