Walmart Triples-Down on Tesla Semi, Ford Cuts Prices on Mustang Mach-E (09.29.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 30 September 2020
⏱️ 10 minutes
🧾️ Download transcript
Summary
➤ Walmart Canada more than triples orders for Tesla Semi
➤ Ford cuts prices on all-electric Mustang Mach-E ahead of launch
➤ Toyota discusses electric vehicle targets
➤ BMW makes plans for M performance electric vehicle
➤ Tesla updates investor relations webpage
➤ Elon Musk mentions Starlink IPO timeline
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Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody Rob Maower here should be a pretty quick episode today. We have |
| 0:10.7 | some news on the Tesla Semi, a couple other Tesla related stories, and then also |
| 0:14.8 | some news from competition on their electric vehicle plans. But right now really all the focus for |
| 0:19.2 | Tesla is on closing out the end of the third quarter, which will happen end of day tomorrow. |
| 0:23.6 | Tesla stock on the day today finished down half a percent to $490.7 |
| 0:28.8 | that compared to the Nasak which was down 0.3%. |
| 0:33.4 | First up is some news on the Tesla Semi. |
| 0:35.6 | It's been a while since we have had a lot of news on Tesla Semi reservation counts or |
| 0:39.4 | orders, but Walmart Canada announced today that they are more than tripling their number of reservations that they have for the Tesla semi as part of a three and a half billion dollar investment over the next five years which Walmart size is aimed to generate significant growth in the business and is also aligned with |
| 0:54.4 | Walmart's global goal to target zero emissions by 2040. |
| 0:58.1 | So Walmart Canada now says that they have 130 total semi trucks on order. This is actually the second time they've increased their |
| 1:04.6 | order. They started out with 10, added another 30, and then now has added 90 more. And then in addition |
| 1:10.9 | to that, I think Walmart US has five on order. |
| 1:13.4 | So as far as I know, this now makes Walmart the largest order or so far of the |
| 1:17.7 | Tesla Semi. |
| 1:18.5 | Even so, it's still a relatively small order in terms of the dollar amount. |
| 1:22.3 | 130 semis, even if they're all founders. relatively small amount. |
| 1:23.0 | semi's, even if they're all Founders Edition, $200,000 versions, that's still only about $26 million in potential revenue |
| 1:30.0 | from this order. |
| 1:32.0 | Obviously, just a small drop in the bucket for Tesla's total. |
| 1:34.6 | But the point with all of these orders, these reservations for the semi is for these |
| 1:38.5 | companies to start to get a fleet that they can trial and test and then expand on if that trial phase is successful. |
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