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Tesla Daily: Tesla News & Analysis

Volkswagen EV Orders Below Target, Cybertruck Details, Tesla Merch (10.13.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

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

4.81.1K Ratings

🗓️ 13 October 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

➤ VW comments on EV orders, targets
➤ Kia EV day
➤ 4680 battery storage video
➤ Cybertruck measurement
➤ Tesla Semi event details
➤ New referral program prize
➤ Update on Tesla fire story
➤ CATL Shanghai factory
➤ New Tesla merchandise
➤ Falcon Heavy launch
➤ Calendar

Shareloft: https://www.shareloft.com
Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast
Tesla Referral: https://ts.la/robert47283

Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Michael Pastrone
Executive producer Richard Del Maestro
Executive producer John Beans

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody, Rob Mauer here. Happy Friday. Today we've got a pretty quiet test on

0:11.2

Tuesday, so it should be a pretty quick episode. But we do have some interesting updates

0:14.1

from Volkswagen. Talk a little bit more about Kia's EV Day that we mentioned earlier

0:18.0

this week. Got some details on the Cybertruck, the semi, and a few other items as well.

0:22.6

Alright, looking at the stock, not the best day for Tesla today, down 3% to close the

0:26.2

week at $251.12. Also, a tougher day for the NASDAQ down 1.2%. You may have noticed

0:34.5

that there was some disagreement between Yahoo and Google on the closing price, but looks

0:39.2

like they've got that sorted out. If you saw it down a little bit less, unfortunately,

0:42.9

it did end at $251. So I just wanted to clear that up in case you didn't see that as

0:46.1

well. But let's hop into the news from Volkswagen here. So Bloomberg article headline, VW is

0:52.8

new electric vehicle orders missed targets. We can see here that they've got a quote on

0:59.3

their update or they've got a quote on their EV orders. But Volkswagen's new orders for

1:05.1

EVs failed to meet the company's targets in the third quarter with the quote being our

1:08.9

order intake is below our ambitious targets due to lower than expected overall market trend.

1:14.9

So interesting update here from Volkswagen. They've actually seen if we look at a little

1:20.4

bit more context, they've actually seen growth on their EV business. Let me get this centered

1:24.5

here. They did increase EVs to about 210,000 sales in the third quarter. So that's actually

1:31.0

a 41% increase year over year. And I do want to actually pull in a little bit more context

1:35.9

because although Bloomberg kind of chopped this quote out, it was part of a longer update

1:40.3

from Volkswagen, which said that quote, despite the current general general reluctance

1:45.2

in the European market to buy battery powered vehicles, we gained a market share and remained

1:49.3

at market leader in this segment. However, our order intake is below our ambitious targets

...

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