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Tesla Daily: Tesla News & Analysis

White House Announces EV Targets, Snubs Tesla, EV Tax Credit Update (08.05.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

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

4.81.1K Ratings

🗓️ 6 August 2021

⏱️ 12 minutes

🧾️ Download transcript

Summary

➤ Biden Administration announces electric vehicle targets alongside US automakers and UAW — Tesla not invited to announcement
➤ President Biden comments on potential US federal EV tax credit
➤ Tesla reportedly may be validating BYD as a battery supplier
➤ Elon Musk biography in the works

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Executive producer Jeremy Cooke
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Music by Evan Schaeffer

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody we're up now we're here and today we're going to be talking about President

0:11.0

Biden's executive order signed today to put a target out there for 2030 for the manufacturing

0:15.6

of clean vehicles as well as the lack of invitation for Tesla or Elon Musk to the event

0:20.8

that was held today.

0:22.2

We do also then have a bit of an update on the federal USEV tax credit and a couple other

0:26.1

pieces of news as well.

0:27.9

Third-wide day for Tesla stock today finishing up half a percent to $714.63 that did compare

0:33.4

to the NASDAQ up 8 tenths of a percent.

0:35.8

But I think the most interesting part of today was the volume so after that short little

0:39.3

burst in volume that we saw at the tail end last week and early this week volume has

0:42.6

considerably dropped and today was actually the lowest volume day in over a year and

0:47.0

a half.

0:48.0

So pretty interesting to see the volume dry up that quickly less than 13 million shares

0:52.0

traded today.

0:53.0

Alright let's move into the announcement from the White House but before we even get

0:56.5

into what was actually announced let's talk about the guest list for the event which

1:01.2

notably did not include Tesla or Elon Musk even though the announcement was about driving

1:06.4

towards electric vehicles driving towards cleaner cars.

1:09.6

So in the rumors we had heard yesterday it seemed clear that Tesla would not be involved

1:12.8

in this event in any way clean technical last night put out an article asking kind of

1:16.8

why that might be.

1:18.2

Elon replied to that on Twitter confirming that Tesla was not invited and saying that

...

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