40 Burst results for "Tesla"

Fresh update on "tesla" discussed on Bloomberg Businessweek

Bloomberg Businessweek

00:57 min | 4 hrs ago

Fresh update on "tesla" discussed on Bloomberg Businessweek

"Gone Bill meloni duck All right and to get our live breaking news right on the Bloomberg terminal the function is squ UA then the green goat key I'm Doug Chris and that is your Bloomberg business flash All right Doug thank you so much You're listening to Bloomberg businessweek Carol master Tim steno Vic and a ludlow smile for the cameras on YouTube Ed ludlow He is watching shares of Tesla We too where are they now Tim Because they've been all over the place Yeah she was down about half a percentage point right now trading over a $1000 That's around They were as low as -6% earlier in the day And we know it's off I think close to about 18% from its high one month ago So let's get to it and let's get to the reasons why the aforementioned at the Bloomberg news West Coast correspondent He is there in our San Francisco bureau So tell us about the news on Tesla today What's going on in Yes there is a report by Reuters that the SEC is probing claims by a whistleblower that some of the solar products that test the cells had defects Now this whistleblower is a guy called Stephen henke's He was a tester employee In fact he was a solo city employee which was then of course acquired by Tesla And in 2019 according to this Reuters report he made regulators aware of some concerns he had he filed a whistleblower's report He was later fired in August 2020 by Tesla and then he sued them for wrongful dismissal saying that he was essentially fired because he brought some of these issues to light and you know the letter that Reuters sites from the SEC is dated September 24 and in all it says is that there is an ongoing investigation in which that they're not going to provide any more detail So as you said it's kind of a severe reaction but the shares recovered quite a lot Yeah what do you make of the recovery at any clue as to why you're kind of shrug Other investments come in by the dip as he reported This was more than 20% decline from recent highs Yeah so we were kind of bear market territory and in Tesla's stocks had a really rough go of it in the last 5 days or so last week when the debate or even before that the debate around the impact of omicron globally traders started to rethink their outlook for a fed taper and a rate lift off And this is a momentum stock quote unquote you know is in that basket of stocks that got crushed When a report like this comes out it takes a little bit of time for the market to digest it And as I said you know we have very thin detail on the status of this SEC probe and no comment from Tesla which is really normal right Right Just watch the Twitter feed Is all I'm gonna say At this point But I mean let's be fair it had been on a tear Right so certainly these headlines don't help until we kind of figure them out But nonetheless the stock had quite a run And so you've got to find what another data point that supports that run up in order for investors to feel kind of okay about it Yeah I know a lot of that of course was tied to optimism around Biden and infrastructure Bill And the outlook for demand and the world recovering from the pandemic finally and all of us going out and buying new cars On this Reuters report in particular remember this is not about a probe into the car side of the business It's solar And in any given quarter solar is around four to 6% of revenue So that might be another reason investors are kind of taking a beat and thinking we're not too worried about this Yeah Dan I have said web Bush said the solar business has been a disaster for the Tesla story in the street continues to be frustrated by this business segment And you've covered Tesla closely what is the future of solar within Tesla at the company Yeah it's interesting Tesla is a kind of a complete triumph and a complete struggle story right And a lot of that is focused on the production of cars this desperate attempt to get a plant open in Germany get the plant in Shanghai ramped up because Elon Musk has always believed that cars should be produced locally in the markets where they're sold The solar business is kind of had a slower lift off There hasn't been the drama around the story that hasn't been this sort of intent interest But remember it's part of a broader shift to sustainable energy Tesla's energy storage business according to Bloomberg and EF forecasts has a really promising future because we want to see a world increasingly where we do draw more energy from solar from also from wind and from hydro but we need somewhere to store it right Solar's only good while the sun's on Once you turn the sun off and it's dark you may need to make sure you have the story So solar is just one small part on a broader energy storage story but people still see the company as a FrontRunner in that space As you say 2020 revenue about 2 billion for the energy generation and storage about 29 almost 30 billion for automotive and services So it gives you a better idea of that breakdown Hey not the only headline that you're following today Toyota Tell us a little bit about that ad So toys is really interesting right because it's the world's biggest carmaker It sells the most vehicles around the world We all wait for the legacy auto players to catch up in the EV space right And Toyota is kind of stuck to its guns with hybrids They really believe in the hybrid story They still believe in it but they are going to build their first U.S. battery plant in Greensboro North Carolina in the sort of northwest of the state They're going to invest $1.29 billion And this is a factory that's going to take four years to build It comes on line 2025 but at its peak it could make enough batteries for 1.2 million cars annually And it's kind of reflective of what a juggernaut Toyota is in the global passenger car market So we've been watching them closely and this seems like their first big step in U.S. production of batteries and then some kind of visibility into their EV strategy long term Hey can you be quick 25 seconds Lucid got a subpoena too right from the SEC All we know subpoena they're looking into the merger with Churchill capital which was the Michael Klein runs back They merged with That was successful They listed That's all we know at this point but it's definitely one to watch Yeah you're having a mellow day huh Well Monday I feel your pain All right I love so glad we could catch up with you His West Coast correspondent at Bloomberg news joining us from our bureau in San Francisco quick check on Tesla shares as we said bouncing around just down about a half a percent at their lows they were down almost 6.4% today They rallied to be up two thirds of 1% but again down about half a percent Is that a decliner for you today As of now it is Good luck Yeah I hope it stays one Just for the purposes of my decliners that's it full display Fingers crossed for you Stick around We've got the chart of the day.

Tesla Reuters Bill Meloni Doug Chris Tim Steno Vic SEC Ed Ludlow Bloomberg News West Coast Stephen Henke Tesla And Bloomberg Businessweek Doug Carol TIM Youtube
Fresh update on "tesla" discussed on Bloomberg Businessweek

Bloomberg Businessweek

00:28 min | 4 hrs ago

Fresh update on "tesla" discussed on Bloomberg Businessweek

"Market in stocks A bear market is required at this point we had an expansion for a long period of time And I think over the course of next year he or she who loses the least amount of money will be the winner Now at the same time strategist over with Morgan Stanley were saying today the fed has the greatest or is really the greatest threat to the equity market as opposed to the omicron variant Last week you'll remember fed chair Jay Powell signaled a faster tapering of those asset purchases and Morgan Stanley is saying for markets tapering is tightening and it's going to lead to lower valuations as it always does in any stage of a recovery Among actively traded issues we have Tesla shares being bounced around a bit today The SEC has reportedly opened and investigation into the company Reuters was saying this probe centers on a whistleblower's claim of defect in Tesla's solar panels I have that stock down about a half of 1% So with the appetite that we have for risk assets I think we should include crude oil in there WTI 69 75 a gain of something greater than 5% now in the electronic session and to move up in long-term interest rates as well with a ten year treasury right now higher by more than 8 basis points and yield to 1.43% I'm Doug Chris and that is your Bloomberg business flash You're listening to Bloomberg businessweek with Carol matter and Bloomberg quick takes Tim steine on Bloomberg radio All right folks tennis it's a really big deal in China Some 14 million people.

Morgan Stanley Jay Powell Tesla FED SEC Reuters Doug Chris Bloomberg Businessweek Tim Steine Bloomberg Radio Carol Tennis China
Fresh update on "tesla" discussed on Bloomberg Businessweek

Bloomberg Businessweek

00:40 sec | 4 hrs ago

Fresh update on "tesla" discussed on Bloomberg Businessweek

"Shares Right now the stock is up about that 4.7% and the SEC has reportedly opened an investigation into Tesla a Reuters saying this probe really centers on a whistleblower's claims on defects in the company's solar panels Now the stock has been bouncing around though right now Tesla shares higher by just about two tenths of 1% I'm Doug Chris and that is your Bloomberg business flash Come down to the close Bloomberg's comprehensive cross platform coverage ahead of the U.S. market closed starts right now And right now we are less than 90 minutes away from the end of the trading day on this Monday Romain bostick here Taylor Riggs here She not only bass again for Caroline Hyde.

Tesla Doug Chris SEC Reuters Bloomberg Romain Bostick U.S. Taylor Riggs Caroline Hyde
Fresh update on "tesla" discussed on A Positive Climate

A Positive Climate

00:33 min | 6 hrs ago

Fresh update on "tesla" discussed on A Positive Climate

"Inada from Zuma. All right, so welcome, Mina, the CEO of Zuma, great to have you here. Great to be here guys. Thank you very much for the invitation. As you know, we're a climate change podcast. There's lots of conversation out there about electric vehicles of the car variety, but why should we care about e-bikes? What problem are they solving relation to climate change? Yeah, what's really interesting is that if you simply replace all the cars out there that are internal combustion engine cars with electric cars, we're still not going to be able to hit our global emissions targets. And also we're still going to have super congested cities. What governments are realizing is that they need to add micro mobility into the mix because they're more efficient. There's a lot less power required to move a 20 kilogram e-bike compared to a two ton Tesla to or more tons for a lot of these vehicles. That's actually just really good for the environment. It's really good for cities. And in many cases, zumo bikes, for instance, are not only replacing cars in the case of DoorDash doing food delivery in the case of our grocery customers or they're often replacing trucks. These companies are not just doing it out of the goodness of their hearts because they care about the environment so much. They're doing it because they also appreciate that nimbleness, the agility of these lid electric vehicles means that they can actually deliver much more quickly than the traditional car or truck. And so it used to be that if I want to motorize something, the go to vehicle is an automobile or four wheeled vehicle, but with the advent of electric box, you can now motorize cleanly, much smaller full factors all the way from little, I'm not sure you've seen those skateboards that I saw a guy kind of skateboarding off the street up the hill today, little scooters, electric bikes, and kind of a whole plethora of form factors in between. And that technology gives everybody from consumers through to big corporations a whole lot more flexibility to unbundle the car and stop using the car and the truck for everything when you can really be a lot more efficient in building a fleet or doing your trips on the right vehicles for the use case. And so that's why you have countries like the UK actually that are now saying that I think by 2030, they're targeting 50% of all trips need to be done on two wheels or less. And that's a huge transformation in policy. And I think Paris is now saying that power is going to be car free. And I think that's because they appreciate that we don't need four wheels for many of our trips. And something like 90% of trips on a global basis are less than 5 kilometers..

Zuma Inada Mina Tesla UK Paris
Fresh update on "tesla" discussed on Bloomberg Daybreak Europe

Bloomberg Daybreak Europe

00:41 min | 18 hrs ago

Fresh update on "tesla" discussed on Bloomberg Daybreak Europe

"App you use to browse podcasts So Bloomberg money minute Wall Street will try this week to get back on track After that losing week we had last week Investors do have a lot to digest lately including Friday's indecisive November jobs report and also the omicron COVID-19 variant and the suddenly more hawkish Federal Reserve Tech stocks including Tesla Facebook parent metal platforms and Apple among the big losers Goldman Sachs has a Macron will damage the U.S. economy and economists there are cutting the forecast for growth this year and next slightly because of the variant They say they base their estimate on us having some immunity to the oma con variant but the vaccines not working as well on Omaha as until The S&P 500 will be getting a new look later this month S&P Dow Jones indices says signature bank solar edge technologies and factset research systems will be joining the index and that's before the start of trading two weeks from today Denise Pellegrini Bloomberg radio The world's financial decision makers connect on the Bloomberg terminal The buy side and the sell side together Collaborating across markets in countries in.

Federal Reserve Tech Tesla Dow Jones Indices Goldman Sachs Signature Bank Solar Edge Tech Factset Research Systems Facebook Apple Omaha U.S. Denise Pellegrini S
Tesla driver's complaint being looked into by US regulators

AP News Radio

00:44 sec | 3 weeks ago

Tesla driver's complaint being looked into by US regulators

"Hi Mike Rossi a reporting a Tesla drivers complaint is being looked at by U. S. regulators the national highway traffic safety administration is looking into a complaint from a Tesla driver that the company's full self driving software caused the crash according to a complaint filed with NHTSA a driver who was beta testing the full self driving software says the twenty twenty one Tesla model Y. went into the wrong lane and was hit by another vehicle the driver wrote the Tesla gave an alert halfway through the turn and the driver tried to turn the wheel to avoid traffic but the vehicle took control and forced itself into the incorrect lane the crash happened on November third it is likely the first complaint filed with the agency alleging full self driving software caused the crash hi Mike Rossio

Tesla Mike Rossi National Highway Traffic Safet Mike Rossio
Tesla software recall may head off fight with US regulators

AP News Radio

00:40 sec | Last month

Tesla software recall may head off fight with US regulators

"Tesla has issued a recall that automatically sets a software update that fixed a safety problem in its electric cars the recall covers nearly twelve thousand teslas in the four models the company produces the S. X. three and why the vehicles have a glitch in the full safety driving software that can make the car stopped for no good reason the company says the problems with automatic emergency braking can increase the risk of other vehicles hitting tassels from behind a public recall allows the national highway traffic safety administration to make sure the recall addresses the safety issue I'm Mike help in

Tesla National Highway Traffic Safet Mike
Texas Governor Greg Abbott Bans 'Any Entity' From Enforcing a COVID-19 Vaccine Mandate

The Charlie Kirk Show

00:48 sec | Last month

Texas Governor Greg Abbott Bans 'Any Entity' From Enforcing a COVID-19 Vaccine Mandate

"Breaking last night, and this is a good thing by him, and I think we've been tough, we've been pretty tough on him. The governor of the state that we're in right now, governor Greg Abbott issued an executive order, saying that no one can mandate vaccines. No one. Executive order. Good for you, governor Abbott. That companies can not and governments can not. Now, that's going to be interesting for Southwest Airlines now, headquartered in the state of Texas. So is American Airlines, right? And AT&T and now Tesla. I would love to see all these liberal companies that are headquartered in Texas. Now pay their employees to go leave the state. Because they are worried that people are not being mandated to take a vaccine that the CDC even says does not prevent you from getting the virus itself.

Governor Greg Abbott Governor Abbott Southwest Airlines Texas American Airlines Tesla AT CDC
Larry Elder Knows Exactly Why People Are Fleeing California in Droves

Mike Gallagher Podcast

01:20 min | 2 months ago

Larry Elder Knows Exactly Why People Are Fleeing California in Droves

"The big headline elon. Musk announcing the tesla one of the most vibrant companies in the world right now moving their headquarters from california to texas people are exiting california because of the disastrous policies of the democrat legislature. People are fleeing california in droves. Yesterday acquiesced big report on housing prices that the average price in in in california is is through the roof. It's astronomical law. The average price in texas is something like two hundred thousand. I think it's five hundred thousand or more in california larry. There's no doubt the reason you touched a nerve is because in real world real world activity real time. We're seeing people denounced california's policies as destructive and and you tapped right into that and that's why people were so excited about your candidacy. Well for the first time in our state one hundred and seventy year history. People are leaving. California's never happened before. And by the way the average price of a home in california is eight hundred thousand dollars which is a minimum of one hundred fifty percent above the national ever and work less california this year then left all of last year and the rate at which businesses are leaving is twice the rate at which they've left the last two or three years and they cite three reasons high taxes high regulations and the high price of a

California Democrat Legislature Elon Musk Texas Tesla Larry
Tesla discussed on AP News Radio

AP News Radio

00:30 sec | 2 months ago

Tesla discussed on AP News Radio

"Tesla is reporting better than expected third quarter sales despite the global shortage of computer chips they chip shortage has hit the entire auto industry and that played into wall street's estimates potential exceeded those expectations delivering more than two hundred and forty one thousand electric vehicles from July to September Tesla's sales were up seventy two percent over last year's third quarter so far this year Tesla has sold more than six hundred and twenty seven thousand vehicles already

Tesla
Ford Hires Away Executive Leading Apple’s Car Project

Bloomberg Businessweek

00:28 sec | 3 months ago

Ford Hires Away Executive Leading Apple’s Car Project

"A big win for Ford and a setback for Apple. Ford has hired away from Apple, the executive leading that company's effort to come up with a self driving car. Doug Field, had been a former executive at Tesla. Now he's the chief advanced technology officer at Ford. Ford shares are about 1% higher. Apple shares are up almost 2%. But this is a coup for Ford, and that it's made big strides in convincing investors. It can compete with Tesla on electric vehicles and technology.

Ford Apple Doug Field Tesla
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

03:37 min | 3 months ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"I love the opportunity to ask them questions. We get a little bit of that through those earnings calls Through that say dot com process so Unfortunately with dropping off the calls that's not gonna be as big of an opportunity Directly for eli anymore but hopefully at some point an interview would happen and you have got a got us on a questions for him if it does so well. It'd be your first question though. I'm curious i you know the face of catherine. I can't hang it. I was hoping teaser. It's a teaser for if it does happen okay okay. I'll take that. Because i would love to see you. Andy lon sitting side-by-side that'd be fun. Rob thank you for joining us today. i do. i just want to end by asking you. Is there anything that i've missed that you wanna cover. I love that question. I asked that question a lot myself. It's difficult to answer. I think we've covered a lot of you know what i'm excited about. I think i'd probably make one more point on competition like this has been a theme since the very beginning for tesla like okay. This is the year that competitions finally happening like twenty seventeen. The chevy bolt motor trend. Car of the year might have been twenty eighteen. Or whatever You know as as finally going to be the tesla killer in now fast forward a couple of years now ends up recalling all every single bolt that's ever been produced like it's this story takes time to to play out but like the trajectory has been clear and continues to be clear of tesla being the leader So i don't see any change to that. I still think like. The automakers are moving extremely slow like the market has wide open for tesla. Just continue growing as fast as they can And that's what they're gonna do and people that are not really willing to credit. Do tesla for that. Leadership position are just gonna continue to be surprised and Continue to wonder like what's going on with competition and why it's not here and why it's not why it's not affecting tesla so now. I'm excited for some of these. These pure ev plays Not from an investment perspective necessarily. But i'm excited to see What company is like. We said riviera in And then obviously a lot of action in china to you with with neo an expert. I'm excited to see Where these companies can take it. They're more of the competition to watch. Then you know what we're seeing from from the legacy automakers at this point. Well i think that what you just said kind of feeds into for example. They are a bit of apples and oranges but reed hastings of net. Like saying that he's not worried about streaming wars because innovation is innovation and it does feel like elon. Musk is taking that kind of approach to easy. Plays coming into tesla space on the market compared to like the streaming market. Is you know like a decade behind. I don't know we're in the market right now. It's extremely small market share. I think about like three percents in the united states. So you know people look and they see tesla delivering five hundred thousand a million vehicles and a year and it sounds like a lot we have to consider. The automotive market is somewhere around. Eighty million vehicles per year so Yeah it's there's so much ground left to govern people. I think just don't really have a good understanding of of how big these numbers are. And how much space as up-for-grabs all right. Rob thank you for joining us today. And hopefully we'll be back talking to each other around the third quarter. Because i'm curious to see how that plays out tesla. Yeah absolutely. i'm definitely excited for it. So love to chat again..

tesla Andy lon eli catherine Rob chevy bolt reed hastings riviera elon Musk china united states
Global Plug-in Car Sales July 2021: Almost Doubled to 480,000

EV News Daily - Electric Car Podcast

01:56 min | 3 months ago

Global Plug-in Car Sales July 2021: Almost Doubled to 480,000

"Start with the global plug in car. Sales around the world always interesting to look at. These isn't it gives a bit of a big picture a wider view about how we doing as a planet with the and i've been talking about the august numbers lately but let's talk about the july numbers because it does take longer to assemble the global up global plug in car sales increased in july by ninety four percent year-over-year to four hundred eighty thousand one of the best results ever ever ever the market share. Globally of plug in cars was seven point. One percent. Two thirds of them will all electric going to inside tvs. I father she passenger plug in electric car sales over three million. That's wonderful since the beginning of the year which seems five minutes ago. Three million more eady's are on the road. Market share increased over the year to six point five percent less than july seven point. One percent is expected as well that by the end of the year. We have a six million. there's always i is increasing take rights of ev's but also more sold in the second half of the year so it could be well over six million plug in vehicles also this year. Globally the top selling models for the month of july will would be the ruling hongguang. Mini av the tesla model. Three the testimony. Why and the volkswagen. Id four. In that order id four by the way pretty much on par. With the tesla model y both fourteen and a half thousand sales in july globally. The highest number of new plug in electric car registrations noted by byu they lead the way and byu were a long way ahead of tesla in july By like eleven thousand vehicles. Byu then tesla than saic gm. Which is the joint venture in china of general motors and volkswagen in fourth place. About six thousand behind tesla

Eady Tesla BYU Volkswagen General Motors Saic China
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

03:22 min | 3 months ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"The you know this is a huge total addressable market. It's basically all of human labor. I've seen some of the criticisms be. Okay this is why you're gonna make a robot and human form factor. You should make it more specialized or get things that humans don't have and things like that and you know tussle certainly going to be open to that as they work on the development here but It needs to be recognized that this is attempting to be a very general purpose solution. All the infrastructure in the world has been built around humans designed for humans you can't make specialized robots for every single individual use case Just not affordable so the point of the vessel about is to be a general purpose thing that you can be flexible like a human. Maybe not as much but in certain circumstances. Have that flexibility to work on a variety of different things and keep those costs low for a general purpose lucien. One thing that strikes me is they is interesting to see tesla kind of leave just cars behind and dive into different sections of various markets. But it also makes me wonder just how feasible this is long term like for example with the solar roof. You know maybe maybe we haven't quite seen tesla's solar hit. It's time yet but it makes you wonder if you're going in robotics. Directions and cars and solar roofs like where. How do these things. All kind of intertwine or maybe. It's a good thing that they don't yeah. I think there's definitely you know definitely diversifies the business for sure. But again i think on the on the tussle bought specifically what tesla sitting there and thinking about is okay. We've got specialization. in batteries. we got specialization and power electronics and motors. and now we're building out specialization. And what you on calls real world. Ai so the ability to perceive the world through a camera based vision system and basically applying that to their cars so you they view the the car as the body the vision system as the brain. And you sit there and you think ok well if we were developing all this technology why are we going to limit that specifically to vehicle like a car when we could also added to another type of vehicle which is just a different form factor Here with the tussle bought. That could be used for a lot of different other things when you think about it that way to actually does seem like a very natural progression Almost seems kind of obvious. In hindsight so i think it totally makes sense But the the point about this whole roof is a great one. We have seen tesla diversify into other projects in the fast in the past that are seemingly a little bit more tangential and They've had a lot of success in the energy storage business and solar. It's been a little bit. You know more of a mediocre performance but still a lot of potential for for the future there and you know personally as tesla investor. I'm not super concerned. With with how the businesses developing at this exact moment but more concerned with how the overall macro trends are going to play out. And i believe that that is definitely heading towards renewable energy electric vehicles. Autonomous vehicles Tesla's doing their best to lead in those categories which are obviously huge addressable markets. Throwing the tussle about in there. You know you've got automotive energy and then labor you can't get bigger just while markets than that so does it doesn't need to be perfectly successful. On every single of these areas..

tesla motors
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

04:37 min | 3 months ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"Tesla's done a great job of cultivating a lot of really loyal customers a lot of people that are fanatics of the company to be honest and Yeah i think that is definitely an advantage. For tesla tesla doesn't spend any money on advertising More evidence of you know demands being very solid and robust so yeah. I think that's that's something that can sustain for tesla tesla has shown the world but they're taking a very different path from What the auto industry has had for multiple decades in a row now so. I think that's really helped. Cultivate things and then of course he got you on at the top Pushing his means and things like that just doing things a little bit differently than you might see from. A legacy automaker ceo. Well when it comes to kind of carving your own path there are things negative things that come with that. For example tesla autopilot system is being investigated by the government right now which the coverage of this is interesting. Because i'm curious. And i wanna get your take here. A lot of the tesla fan base for example criticizes mainstream media saying that they cover tesla's car crashes when it comes to autopilot mode or self-driving mode more harshly than they do with four g. m. like any other legacy carmaker. Do you agree with that. I do agree with. And i think part of that is just because tesla general gets more attention negative headlines in general. Get more attention. So you've got kind of this combination of factors there. That's creating a strong incentive system for mainstream media to cover tesla and cover them in a negative way. That's just naturally. What's going to drive more clicks than you know. Writing an article without gm super cruiser for blue grew so the other part of it just in terms of like the. The knits investigation. So yes and it says investigating autopilot Not necessarily a bad thing like we have to wait until there's a conclusion to an investigation that could be many months from now It's a preliminary evaluation stage right now at any given time that's as doing about thirty of those So you know. A lot of people have heard about the sessile investigation probably no one could name a single of the other twenty nine investigations that are ongoing right now so I do think there's there's definitely a double standard but their incentive incentive structures in place that kind of drive that double standard. I wouldn't say it's not necessarily entirely on the media. It's also on the people of kind of giving that attention to the media to and driving that Making that.

tesla gm
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

02:48 min | 3 months ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"Between tesla bhatt and tesla maybe going into electricity in texas. There's a lot to cover with the stocks joining me today. It's tesla daily host. Rob mauer rob. I want to start by just looking at tesla's stock overall. I think we're up though fifty five percent in the past year. What do you make of this past year. it's been a wild eighteen months for tesla. Obviously we saw the huge run in twenty twenty Things have slowed down a little bit year to date but over the last twelve months. Of thank you as you said up. Roughly fifty percents It's turned positive here over the last month or so on the year. So it seems like tesla even after that hugh drawn showing some some pretty good you know ability to you to stay in these levels and i'm excited for for the rest of the year has to hold for us with key three and four. So am i mean. It's it's really interesting right now. Because i feel like we're kind of in the space where we can kind of theorize. What's going to happen now that we've got gm ford entering the electric vehicle space and obviously as climate change goes on more and more companies are trying to make sure that their cars are sustainable and perhaps go switching away from oil and gas with that being said it leads me to the question of do you think that maybe a year maybe up to five years. This could be a concern for tesla to have this much competition in the market. I don't think so if you look at you. Know what the current administration. Us government has worked on with the automakers so with input from gm ford fiat. Chrysler et The target that they have put out there for twenty thirty is for these automakers to be at forty to fifty percents electric vehicles in terms of other percents sales and that includes unfortunately plug in hybrids. Which you know. That's quite a long way from actually being a sustainable solution So at that forty to fifty percent level basically a decade from now That's that's really not going to be enough to damper tesla ambitious target of capturing twenty percent of the market. So.

tesla tesla bhatt Rob mauer rob gm hugh texas ford Us government Chrysler
Feds Probe NY Tesla Crash That Killed Man Changing Flat Tire

AP News Radio

00:47 sec | 3 months ago

Feds Probe NY Tesla Crash That Killed Man Changing Flat Tire

"The government's road safety agency is looking into another accident involving partially automated driving systems the national highway traffic safety administration dispatched a team to look into a fatal July twenty six crash in New York police say a fifty two year old man was struck and killed by a Tesla model Y. S. U. V. as he was changing a flat tire on the shoulder of the Long Island expressway in queens it's the tenth fatal crash which the agency has sent a team nine have involved passwords it's a is conducting a formal investigation into Tesla's partially automated driving systems in crashes involving parked emergency vehicles for years the agency has been reluctant to regulate the systems which do have tremendous potential to save lives I'm Ben Thomas

National Highway Traffic Safet Government Long Island Queens New York Tesla Ben Thomas
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

05:22 min | 3 months ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"Everybody robin our here. And today we have more information. On the tesla tesla has posted another set of job openings for the but then we've also got an update on a story. We covered a couple years back about burned on x. We've got some new information on gm's chevy bolt recall a feature update and some news on batteries. Thanks for all the feedback in yesterday's episode. It looks like most people are more in favor of keeping the stock price updates. So i'll do that for the time being. I'm still gonna ponder it but for now will keep with it so the stock was up about two thirds of a percent day to seven hundred. Thirty five dollars. Seventy two cents. That did compared to the nasdaq which was about flat on the deck are right. So i up here. We've got new job listings. For the tesla bought from tesla. You may remember that shortly. After a tesla posted four different jobless things that is now pretty significantly increased across the searches for tesla bought or for humanoid total of fifteen different positions currently listed. Most of them are full. Time positions in palo alto but it does look like there are three internships as well and then one listed for austin texas. Interestingly enough for a test engineer for the tussle. but i'll read a part of that job description here. the last sentence kinda caught my eye so it says quote. The test engineer will develop test processes data infrastructure test equipment and automated test scripts that will accelerate the production of mobile robotic systems. In addition the test engineer will be tasked with understanding ways. The system can fail designing test to validate and driving improvements with design teams to address these issues due to variation in the robots produced. The test systems is a particularly challenging and dynamic area of the program and quote so this austin position primarily about testing production could suggest that maybe tesla has texas in mind for future production of tesla bought. And then you've also got that last sentence in there about variation in the robots produced. That sounds a little bit different than what tussle talked about at a. I kind of presented this one. Form factor and it seemed like they'd just produce a lot of those so you wouldn't necessarily think much variation involved in tesla previously announced but another job description might give us a hint at this. A few of them mentioned this but specifically will look at the economy. Job listing for the tesla. But which says that quote tesla's mobile robotics team designs and builds humanoid bipedal robots dessel bought to automate repetitive tasks and wheeled robots for manufacturing and autonomous logistics and quote. So tesla seems to be thinking about more than just a bipedal form factor on their tesla bots. Probably not all that surprising given the comments that yawn made about. Hey we've got all the technology while we not put it in other form factors. Sounds like the bipedal would just be one of those foreign factors and tesla may be thinking about a wheeled form factor as well now by itself that may not be all that interesting. Obviously there already. Robots that work in warehouses and things like that that have some level of autonomous capabilities. But what's interesting here to me..

tesla austin robin gm palo alto texas dessel
Nicola Tesla: Let There Be Light

History That Doesn't Suck

02:15 min | 3 months ago

Nicola Tesla: Let There Be Light

"Is no subject more captivating more worthy of study than nature to understand this great mechanism to discover which forces on active and the laws which govern them is the highest aim of the intellect of man nature has stored up the universe infinite energy com infinite energy in the universe. Indeed nicholas stand by the statement and goes on to explain his desire to tap into this infinite energy but the immigrant continues he will not wax philosophical tonight rather you'll contend himself with explaining and demonstrating one of the most important issues facing the world at present namely the production of a practical and efficient source of light going into professor mode the ingenious serb scratches out formulas on the chalkboard that high frequency alternating current the way forward. That's a claim that his former employer. Thomas alva- edison would certainly reject yet. Nikola argues alternating. Current could cindy electricity hundreds of miles but as intellectual as the audience in this packed lecture hall might be why just tell them about the virtues of alternating current when you can show them nikola flips a switch on his wooden desk. He's just engaged. A motor high frequency alternator and as he does so an arc in sparks. Jump between two poles incredible. But that's nothing. The lincoln venter's just getting started with the lecture halls lights dimmed nikolai now. Picks up to gasfield tubes that is geissler tubes holding one in each hand as he stands between the two large hanging zinc sheets. They start to glow americans essentially from now. Might look at these think lightsabres. Well these nineteenth century americans aren't far off from that one reporter here. Tonight will later. Describe the scene quote like aluminum held in the hands of an archangel. Those quote others are just lost as to how nikolai's doing it. The electrical review will write quote. Here mr tesla seem to act the part of a veritable magician close quote

Thomas Alva Nicholas Lincoln Venter Nikola Cindy Nikolai Mr Tesla
Elon Musk Says Tesla Is Working on Humanoid Robots

Dude Soup

01:20 min | 3 months ago

Elon Musk Says Tesla Is Working on Humanoid Robots

"Yuan the muskrat moscow and some of his top engineers spent seventy eight minutes detailing how great their technology is at self-driving immediately. Afterwards he brought up a performer. Dress like a robot who bounced in shimmy to an electronic dance song. Yeah and it was a dancer. There was no android technology. Know this but the i in everyone else was confused as to why you would do such an insane. Thing weird yeah. Musk revealed his plans to build his own robot which is calling the tesla which only exist as the design plan currently and a person wearing spandex jumping burden. It's friendships tesla. Abo- can dead lift one. Fifty learn oh my god dangerous. It's not so that was that was the thing is i. Read the article. And there's very little information or or e lan spent a very small amount of time explaining what it could do it can do. Physical labor can do errands like chores and go to the grocery store for you or assembling. Perhaps is tesla working in a test. On

Tesla Moscow Musk
Elon Musk Doubles Down on A.I. Ambitions Despite Regulatory Scrutiny

WSJ Tech News Briefing

01:27 min | 3 months ago

Elon Musk Doubles Down on A.I. Ambitions Despite Regulatory Scrutiny

"Tesla has been leaning into artificial intelligence as we've talked about on the show company's tapped ai to power assisted driving beecher's and eventually wants to use the technology in fully autonomous vehicles. But at the company's ai event last week ceo elon musk reveal. The tesla is going even deeper on. Ai you might have seen in your feed that. He unveiled a humanoid robot. We're setting it such that it is At a mechanical level at a physical level. You can run away from it and most likely overpowered here to break down. All of that is our reporter rebecca. Elliot hey rebecca. Thanks for joining me. Yeah thanks for. Having me amanda. Okay so tell us about this robot. What exactly is musk pitching here. So tesla introduced what it is. Calling the tesla bhatt on thursday and this is a human looking robot expected to be about five foot eight weighing one hundred twenty five pounds. The prototype elon. Musk said he thought would be ready. Next year Though what we saw on thursday was you know a human dressed in a robot costume dancing on stage. So you know make of that what you will.

Tesla Elon Musk Beecher Rebecca Elliot Amanda Musk
Senators Want FTC Enforcement on Autopilot

Tesla Daily: Tesla News & Analysis

01:43 min | 3 months ago

Senators Want FTC Enforcement on Autopilot

"Aren't so pretty. Nice day for tesla stock today shaking off some of the red from earlier this week. Finishing up three and a half percent to six hundred eighty dollars ninety nine cents comparatively. The nasdaq was down nine. Tenths of a percent most of that drop happening in the last hour. Two hours of trading after the fed minutes came out so the minutes from the federal reserve's meeting today indicating that they are considering tapering off their monthly asset purchases sometime in the near term but obviously those things can and often do change so the market reacting to that towards the end of trading and tesla got pulled down a bit as well so pretty strong day for automakers just across the board today so we ejected on this yesterday but will check in again today probably for the last time this week but weekday performance so far tussles down about four percent a little bit less than four percent so far and actually now doing about a half a percent to full percentage point better than gm. Ford's atlanta's volkswagen and neo so despite all the coverage of the knits investigation. If you'd just slept through the first few days of the week which is actually not a bad strategy for an investor and you just looked at automaker performances we to date. You'd have no idea that there was investigation on tesla. And you'd probably say oh tesla's having a pretty good week relative to others so markets down today tesla up and that was despite reports that two. Us senators are currently urging the federal trade commission to open a probe into whether or not tesla used deceptive marketing practices involving drivers systems features which tesla of course calls autopilots and full. Self-driving that is per the wall street journal. They write quote in a letter to the head of the fdic. We con dated wednesday senators. Richard blumenthal of connecticut and ed markey of massachusetts said they have serious concerns about how tesla advertises. Its advanced driver assistance features. Which don't enable vehicles to operate autonomously. They took aim chief executive elon. Musk for some of his comments and quote.

Tesla FED Volkswagen GM Atlanta Ford Federal Trade Commission Richard Blumenthal Wall Street Journal Ed Markey Fdic United States Connecticut Massachusetts Elon Musk
NFL Stars Score Big in Silicon Valley

Talking Tech

01:24 min | 3 months ago

NFL Stars Score Big in Silicon Valley

"Terry whether there any particular reasons player seemed drawn to tech. I mean how did they come into this. Meeting what happened was a trump williams introduced to a venture capitalist name reclined. thomas rudy is help navigate. Numerous for athletes Successful in in attack including nba star andrei etc from the golden state warriors. Kind of led out of curiosity to his teammate. All world player steph curry who now is investing in plenty of startups in social media apps and up in the like in the nab rubbed off on them when they recruited kevin durant who had joined the words of years ago and now he's invested in in companies including a tesla post mates his own bencher company. Now where he's had programs on on. Espn plus in alike. So it just kind of like it just seemed like it'd be an overflow and i'm really surprised at that football players here particularly forty niners play in. Silicon valley weren't engaged in that. I think that is like changed with trent game. Ball in one in invest in wearables. Fintech in the like. And he got his teammate. Fred warner involved. And now they've gotten they're kind of like part of their team involved in a maybe looking into investing your money post post during their career because nfl players crews on average about three or four years and so the dot is. Hey you wanna invest your money might consider tech

Thomas Rudy Andrei Etc Steph Curry Golden State Warriors Terry Kevin Durant Williams NBA Tesla Fred Warner Espn Niners Silicon Valley Trent Football NFL
Goldman Sachs AI Day Expectations

Tesla Daily: Tesla News & Analysis

01:47 min | 3 months ago

Goldman Sachs AI Day Expectations

"Robin our here. And today we're going to be talking about a couple of analysts. Updates one from goldman sachs about their expectations for a day. I think those are kind of helpful. Just to get a sense of what institutions are expecting for events like that then we've also got a bit of an update on that yuan. Musk source city. Trial some news out of china and a couple of stores as well bit of a tougher day for tesla again. Today though the stock did recover some in the afternoon ended up finishing down about three percent. Six hundred and sixty five dollars. Seventy one cents. The nasdaq was also down today. Nine tenths of a percent. So i know feels like a rough week for tesla. But it's been kind of a rough week for all automakers looking at a handful here you can see. Gm down six for instilling tests down about four and a half percent. Volkswagen in neo down seven percent expand down six percent average across the board of those down six percent so desolate spent a little bit worse. But not really all that much especially given the context of the nitsa investigation as the interest from that fades from earlier. this week. Everyone is going to be turning their attention to a idea of course scheduled for this thursday. It'll be five. Pm pacific time eight pm eastern time. I do believe tesla intends to livestream it. We don't have those details yet. But i think eli had previously said that they would though i can't find that tweet at the moment i'd be shocked if they didn't and also plan on live streaming as well so as i mentioned goldman sachs last night. Put out a note with their expectations for a day and in their introduction. They did note that this is going to be a purposeful recruiting event. So hopefully that stands from tesla has kind of cut through to most investors and. I think that really helps to keep expectations a lot. More realistic in terms of what was going to be talking about as goldman sachs. They expect hustle to talk about five key topics which they outlined in this note. I they say they expect us to discuss its. Ai neural net now strained. I would agree. That is something that we've heard tesla talk about both at autonomy day and then if you followed andrea carpathia presentations. He's talked a lot about those sort of

Tesla Goldman Sachs Robin Volkswagen GM China ELI Andrea Carpathia
NHTSA Launches Probe Into Tesla Autopilot System

the NewsWorthy

00:53 sec | 3 months ago

NHTSA Launches Probe Into Tesla Autopilot System

"Tesla autopilot system is now under federal investigation regulator said they opened the case because at least eleven tesla vehicles have crashed into parked emergency vehicles including fire trucks and police cars. Since two thousand eighteen one woman was killed and seventeen others were hurt in these crashes. The investigation covers. All of the cars. Tesla has sold since two thousand fourteen officials with the national highway. Traffic safety administration will look for possible. Flaws and tesla autopilot system. That could make a dangerous if they find any issues. This federal agency could force tesla to install new safety features or issue recalls. Investigators say though especially focus on how the autopilot system make sure drivers are paying attention. Tesla does tell customers to keep both hands on the wheel and to watch the road but as the new york times reports tesla founder elon. Musk has been skeptical of the idea. That an autopilot system should be monitoring the driver and tesla continues to say it's autopilot feature is

Tesla Traffic Safety Administration Elon Musk New York Times
Tesla’s Autopilot System to Be Probed by U.S. Auto Safety Regulator

CNBC's Fast Money

00:49 sec | 4 months ago

Tesla’s Autopilot System to Be Probed by U.S. Auto Safety Regulator

"Checkout tesla shares tumbling as the national highway traffic safety administration announces a formal investigation into the v. makers autopilot system philo joins us with the very latest details on this serious story high fill. It is a serious story. Courtney now it remains to be seen whether or not this ultimately leads to a recall for the tesla impacted here. But there's no doubt that this investigation catches a lot of attention because you're talking about an autopilot system. That is highly controversy. A lot of people have said look. This is bad news. people shouldn't be using it. others have said it's overstated. How how dangerous. This might be eleven. Crashes into emergency vehicles are being investigated. Seventeen injuries one fatality in basically involves all the tesla model x. X y and three between two thousand fourteen and twenty twenty

Philo Joins Tesla National Highway Traffic Safet Courtney
Tesla’s Autopilot System to Be Probed by U.S. Auto Safety Regulator

CNBC's Fast Money

00:49 sec | 4 months ago

Tesla’s Autopilot System to Be Probed by U.S. Auto Safety Regulator

"Checkout tesla shares tumbling as the national highway traffic safety administration announces a formal investigation into the v. makers autopilot system philo joins us with the very latest details on this serious story high fill. It is a serious story. Courtney now it remains to be seen whether or not this ultimately leads to a recall for the tesla impacted here. But there's no doubt that this investigation catches a lot of attention because you're talking about an autopilot system. That is highly controversy. A lot of people have said look. This is bad news. people shouldn't be using it. others have said it's overstated. How how dangerous. This might be eleven. Crashes into emergency vehicles are being investigated. Seventeen injuries one fatality in basically involves all the tesla model x. X y and three between two thousand fourteen and twenty twenty

Philo Joins Tesla National Highway Traffic Safet Courtney
A Probe Has Been Launched Into Tesla's Autopilot System

Daily Tech News Show

00:17 sec | 4 months ago

A Probe Has Been Launched Into Tesla's Autopilot System

"Traffic safety administration opened a formal investigation. Into tesla autopilot. Driving system of the thirty one investigations by the nhtsa into crashes involving autonomous driver assistance systems since two thousand sixteen twenty-five involved tesla autopilot with ten deaths reported

Traffic Safety Administration Tesla Nhtsa
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

02:01 min | 4 months ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"Everybody raum our here and today we're gonna be talking about a couple of really important reports. First tesla's most recent impact report which has a ton of fascinating details and it won't go through the highlights. There that release also coincided with a huge new report on climate change by the will spend some time on that as well and then we've got a few other quick hits of news which will run through at the beginning. Quick look at tesla stock another relatively low volume day to day to start the week off just under fifteen million shares traded but tussles up two point one percent on the day to seven hundred and thirteen dollars. Seventy six cents that compared to the nasdaq up about two tenths of a percent. Cosstalk did see an upgrade today from jeffries and almost philippa who schwa- upgrading from neutral to buy which as we've talked about upgrades like that where they're actually rewriting. The stock those are more significant to analysts than press targeted adjustments. But that being said he did increase his price. Target from seven hundred dollars per share up to eight hundred fifty. From the note quote valuing tesla is as challenging as ever we raise our discounted cash flow base price target from seven hundred dollars to eight hundred fifty dollars on higher profitability and accelerated growth. While at thirty five percent five year compound annual growth rate. we remain below tessa. Guidance of fifty percent as trend growth desa currently trades on nine times revenue and sixty two times earnings before interest and tax a level disconnected with auto multiples but in our view more consistent with net growth lack of legacy issues and wider addressable markets including energy generation and storage and one. Quick little note here. Just because i do see these inflated allot tesla has guided for greater than fifty percent growth compounded annually for vehicle deliveries. That doesn't necessarily mean revenue would grow at fifty percent. Plus obviously it very well could but that's not what tesla has specified so to me. It's not super clear but it does look like in this case. Jefferies is comparing their revenue forecasts tesla's vehicle delivery guidance and tennessee that a lot so just wanted to point that out next year. We've got an update on giga texas. From joe tag mayer. He does drawn flyovers there and remember last week. We had talked about him here. He that tussle was going to be doing a test. Production run for the mentawai next week. Which would not be this week

tesla joe tag mayer Jefferies tennessee india texas Joe elon Reuters twitter Musk china
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

04:52 min | 4 months ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"Because you once you get to a certain point you have to have a lot of tesla's other advantage is not just. Fasd in relatively car. You gotta have you know the cheap drive train. The batteries the ability to crank out large numbers of cars at reasonable margins at really really low prices like that starts being the difference between at profitable in an not profitable roads now. I don't think. I don't think we start to get into that zone until we're still talking about like a million robo. It in fact will be more than a million. Because we we'd be talking about the us europe and some of china also which has a lot of the us has hundreds of thousands of rideshare vehicles and taxis and then europe is double that china's a lot you know it's another tripling on top and so it's a million plus vehicles in the worldwide fleet. But you can see geographic locations like if if for instance the us turned out to be the really profitable market. Or i don't know. Germany turned out to be the really profitable market could save bunch of players pouring into those markets right and saturating them pretty quickly driving driving the profit out of the profitable market and then going number two and three and so on it could happen But it it's going to depend on how long it takes kruse way mon other competitors to scale and how long it takes tesla to get to scale it tests. You can keep pumping those cars out there right. And when fasd is gonna transition from from Like not viable to saturating flee over twelve months or something. There's going to be a window where it crosses and then a couple of big market regular tape. Regulators will approve it and and pretty quickly. they'll be able to deploy those those vehicles. And when i the numbers on rubber taxes. Profitability is high enough that i think it will be able to attract the vehicles. Even if tesla doesn't own those vehicles as i was looking at wanna arc. Scenario is dave had some more conservative numbers. He want me to drop into the bowl scenario and then we were looking we were..

tesla europe china us kruse Germany dave
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

05:18 min | 4 months ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"Logic applies to the gap net earnings steal The difference between non gap and gap earnings tesla is just entirely that stock-based compensation which you must explain as a huge huge portion of so over the last few months just one final point on that The stock based compensation here for elon just. Ilan has been three percent of sales over the next twelve months. It should be less than one percent of sales. So we're going to see that really come through ends. Just continue to build on top of the already building up operating leverage and operating margin Tussles demonstrating so. Hopefully that gives you a clear picture of kind of where things are out with the ceo compensation plan. I know a lot of people when i bring up this point to say. Oh well won't just be a new. Ceo compensation plan and then those expenses will start hitting. Possibly i think that's a great outcome. Though for tesla shareholders. We've seen this plan. That was put in place when tesla had a market cap of around. Fifty billion dollars Grow the market cap you know twelve x or whatever it has been since it was implemented so if there is a new ceo plan the last two have been at really aligned with shareholder interests in terms of growing the business growing the Market cap and growing the share price and investors have been rewarded right alongside ilan for that progress so if there is another ceo compensation plan which i hope there is. Then you know. I would expect it to be building tesla into a multi trillion dollar organization. That would be kind of like how it would be structured. I would guess so if they do that. That's a good thing. Yes there would be more. Ceo expenses than in the future But only if shareholders also succeed their ownership. So it's really well lined. And that's i think why this plan has worked a lot. It's a lot of money for elon. But a lot of money for shareholders as well has obviously been earnt right so moving on from the ceo. Compensation plan the next point. That i want to get into you. Here is Just something that. I kinda look at each quarter. These are the breakdowns between These are one of the my favorite sections of the ten q it kind of breaks down revenues and why revenues changed and then also costs and y cost change. Quarter over quarter So one of the things that i've been curious about as just energy gross margins. We definitely saw those depth significantly in q. One down to negative twenty percent than we saw tussle raise solar of prices significantly after that So about energy gross margin tussle says these increases and this is about the cost of energy and storage energy solar and storage than the important part here. I pointed this out on twitter earlier this week. Although our average cost per unit of solar roof improved compared to the prior period they still remain significant and contribute disproportionately to our costs of energy storage and her gender and energy generation and storage revenue. So what that means is that the whole roof is likely still negative margin product So it's contributing disproportionately to the costs. Tesla barely broke even on the total energy business in q. One so putting those statements together. you can pretty much see that. These all roof is a negative margin product at this point but the important thing is that they are improving on their costs. And obviously tesla did raise the prices to hillary of to help offset Those losses okay. So next point here This is just on deferred revenue..

tesla elon Ilan ilan twitter hillary
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

04:55 min | 4 months ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"Robin our here and today we've got a few topics to catch up on as a lot of the attention so far this week rightfully so has been on the earnings report. We will spend a little bit of time on analyst reactions to earnings but then we also have news on the model s. A couple of things on full self driving part shortages update on battery recycling and a couple of things as well. I will take a quick look at the stock. Obviously yesterday tesla was down a little bit following earnings today bouncing back but not a whole lot only finishing the day up zero point three percent that did drill. The nasdaq up. Seven tenths of a percent. So weak today. Tesla is up slightly from last week's close but still down from monday's close before tessa reported earnings some quick macaroni..

Robin Tesla tessa
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

02:08 min | 4 months ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"We're here we just got tesla's cute cute. Twenty-one earnings report and shareholder letter and wow the results are phenomenal. I'm extremely impressed with what has been able to accomplish in the second quarter. Uh going to quickly go through. The financial results will look at a couple of takeaways from the shareholder letter as well and then we are going to segue into the earnings call. Afterwards of there'll be a different link for that down in the show notes but we'll get this out before then so right off the bat. Let's just look at some of the numbers here. Shift over to excel and we can see how tesla's actual compared to the analyst consensus as well as the numbers that was forecasting so deliveries. No surprise there came in right as we expected them to as they usually do automotive sales. tesla significant beat here versus what i was expecting in versus what analysts were expecting a three percent above my levels two percent above the analysts consensus that was driven by Better actual average selling prices because as you can see here regulatory credits which we talked about. In the preview i've consistently been forecasting those two high this time forecast them to her forecast tula previously. This time forecast them. too high. as at five hundred million deaths reported three hundred fifty four million meaning non automotive sales excluding regulatory credits was way way higher than what i had expected meaning average selling prices. Were much better than what. I had predicted Same thing here. With energy tussle beating my expectations by twenty six percent. Animals consensus by thirty nine percents Driven by just greater They say greater recognition of mega pack sales as quarter. Scroll down here. We can see that. A tesla over about one point three gigawatt hours of energy storage. A second highest ever. I and significantly up quarter over quarter about three times. What tesla did in key one. I'm quite a bit higher than my expectation as well as analyst consensus so that drove a beat on the energy line and then the service and other line that also came in ahead of analysts expectations. About right where i was. Forecasting it at So tesla delivering a pretty big beat about a four percent beat on the top line number there with about twelve billion dollars in revenue up ninety eight percent year over year

tesla
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

03:07 min | 4 months ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"These numbers get replaced by bigger numbers in the future. So yeah it's important to look forward when considering those ratios And then obviously that you know over the last twelve months. These numbers include these really big. Ceo compensation plan numbers which next year. You know it's going to be more like one hundred and fifty million dollars quarter rather than two hundred and fifty million dollars a quarter and it's gonna be on larger profits and revenue sell. It's going to be a small number on a bigger base which will really really change the gap earnings as free cash flow forecast that anymore. Just because i don't find a ton of value in doing that I'd have to know tussles capital expenditures. And things like that and it's just kinda hard so I punt on that one but wall street's expecting slightly negative free cash flow. I would expect positive based on my numbers Even just zooming everything constant. I can see my gap net incomes about one hundred twenty million dollars higher which would pretty much eliminate any negative free cash flow But just regardless of that. I would still expect a little bit higher. Although now that i'm saying that out loud tesla did produce more vehicles than they delivered Whenever they do that that's gonna hurt their working capital so that could be a factor in in negative free cash flow either way not some of them concern about That will swing back the other way. Next quarter If deliveries are more equivalent to production. Okay so i feel like a lot of talking but hopefully that was clear. Let me just run through my notes. One more time and make sure that there's nothing else and then i'll just pop in a chat If you got questions let's keep them relates earnings And i'll just make sure i didn't miss any any super jets earlier But yeah hopefully that was smooth enough. We only got to dislikes. So we saw the audio has been working then Thanks john for the super chat. Thanks kyle i kyle in charge of moderating the hope. He's done a good job Super here from joel. C and that Rob any chance. The career resale would offset. Bitcoin impairments And that'll be a q. Three so no i think. They announced that july fifteenth so But hey if there's impairment in q. Three that that maxwell sewing some of those assets could could help. I don't think that's going to be a huge. I'd be surprised if it's more than a hundred million Prime the tens tens of millions range Okay awesome thanks. Winston really appreciate that. We'll have a nice weekend. I hope y'all do. Thanks tony again. I'm just scrolling through here to make sure. I didn't missing a super chats. Eugene asking. Tell us tesla stock price prediction..

tesla kyle joel Rob john maxwell Winston tony Eugene
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

04:44 min | 6 months ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"Everybody rob our here. Welcome back to tesla daily. Hope everybody had a great weekend. We are now back to the normal format and today. We're going to be discussing some news. On tesla out of china we've also got an update on a model y both pricing and demand news on bitcoin from ulan. Musk couple updates on the plan model. S a price target lowering from canaccord genuity and a couple of other pieces of news as well decent. Start of the week. Four tesla stock finishing up one point three percent today to six hundred seventeen dollars. Sixty nine cents. That compared to the nasdaq up. Three quarters of a percent so pretty good mackerel tail wind today for stocks like tesla art will start off in china today. We've got a few pieces of news. Some rumors some clarifications to make i is an update from a chinese tech supplier name to opo they supply in addition to tesla. Major automakers like volkswagen gm via chrysler. Bmw et cetera. And i believe this. Update that i i saw shared out on twitter by rafer tesla was an update from an investor. Call and it looks to me like in a question and answer portion of the call. Tessa was brought up. Or at least. I think that is the inference from context clues and unfortunately this is translated. I don't have a really good insight into the context provided but they are referred to here as company anyway. The translated question reads quote. There are many negative news about company. A in the market recently. How about the company's order situation and quote with translated answer reading quote the company strictly abides by the customer's confidentiality requirements. It is inconvenient to disclose. Please understand what i want to say is in the process of cooperating with customers. We deeply realized that all things done by company or correct including product positioning. Rnd manufacturing supplier management quality marketing etc are all very correct other cars. There is a gap of at least five years between companies at noon. We saw two hundred and forty percent increase in sales of company in europe and may rapid growth. The emergence and growth of new species will have problems of this kind which are also short lived. We can't just look at the appearance. We are very optimistic. And the current orders are normal and quote so obviously a little bit of confusion there in the translation but there's a gap at least five years between companies. That seems pretty clear. And they're saying orders are normal. Remember this doesn't mean orders to tesla. This just means orders to the supplier from tesla so a five year lead from tesla. No orders being canceled or anything like that which is not surprising. And then they also go to bat for tesla's saying that throughout the entire process. Tesla has done things correctly which i is a show of support in favor of tesla.

Tesla europe five year Musk three percent china six hundred seventeen dollars tesla Three quarters Sixty nine cents today one point Four twitter both a percent rafer tesla two hundred and forty percent chinese couple updates
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

01:38 min | 1 year ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"Was so close. They were so close to hitting five hundred thousand vehicles delivered for the year. They have reported will to skip right to the bottom here. Total deliveries twenty twenty four hundred ninety nine thousand five hundred and fifty so they were just four hundred fifty vehicles short of hitting their original guidance of five hundred thousand vehicles produced and delivered of course on the production line easily exceeded that w came in five hundred nine thousand seven hundred and thirty seven vehicles produced so where tussle fell short. They needed to deliver one hundred. Eighty one thousand and twenty vehicles delivered. One hundred eighty thousand five hundred and seventy vehicles that was eighteen thousand nine hundred twenty s and x one hundred and sixty one thousand six hundred and fifty model three motto. Why combined who look at production there we can see monologue x. Relatively low but again we did have that final week of the quarter. Shut down for retooling possibly refresh so they produced just over sixteen thousand model s an ex in the quarter well below their production capacity of ninety thousand three quarters what they stated which would be earned per year is what they stated which would be twenty thousand five hundred per quarter <hes>. And then for model three and why they produced just over one hundred sixty three thousand one sixty three six sixty so totally production was one seventy nine seven fifty seven with the delivery again being just over one hundred. Eighty thousand blessing note on this portion of the report is that tesla does. I'm not sure if you will be able to see it here. But our delivery count should be viewed as slightly conservative as we only counted car delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to half a percent or more.

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"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

04:03 min | 1 year ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"Moving onto the european battery conference interview with elon. Musk then that's was overnight about two. Am pacific time about a twenty minute interview and you did share quite a few things one of the things that caught the most attention at least on twitter today was elon. Musk's comments on long-term battery cost goals for tesla. So of course we heard at battery day. They aim to reduce those costs by about fifty six percent per kilowatt hour. So you on here. Finally gave us a dollar target. We had not heard that before he says quote the long term goal would be to try to get to a cost per kilowatt hour of perhaps around fifty cents or fifty five cents at the cell level for a long range battery and quote so you may have noticed the reason part of the reason this got so much attention today on twitter was because he on said fifty cents or fifty five cents per kilowatt hour at the sea level considering most estimates today put tesla above one hundred dollars per kilowatt hour down fifty cents per kilowatt hour obviously would be pretty insane so he llanos pretty clearly misspeaking there. Just run through a little bit of math year in case anyone has just a wild theory that maybe someday that would be possible. Nealon stock really long term. No that's not the case so to demonstrate that we can look nickel content in the battery pack for the model three that contains around thirty kilograms of nickel a kilogram nickel. Today costs about fifty dollars per kilogram. A little bit more. But let's just round down the scale discounts. You know whatever the case may be so. That's four hundred and fifty dollars of nickel in a battery. Pack for the model three assuming that seventy five kilowatt hours that works out to six dollars per kilowatt hour just for the nickel content in tesla battery so yeah that's just raw materials. There's no way they're ever getting down to fifty cents or fifty five cents per kilowatt hour. He also says at the cell level so even if you misinterpreted that and said that's a purse l. price of fifty cents or fifty five cents. Which will never make sense to quantify it that way. But let's say the new forty six eighties. There's going to be you know. Eight hundred nine hundred of those per mile three pack if each cell were fifty cents. You're then looking at a total battery cost of four hundred and fifty dollars but again just the nickel content alone costs around that much so pretty clearly ilan just misspeaking here any means fifty dollars or fifty five dollars per kilowatt hour so that shouldn't be too surprising with the math that we had worked through from battery day that fifty six percent cost reduction most estimates today. Put tesla at the pack level. You know somewhere around one hundred and five to one hundred and fifteen dollars per kilowatt hour so we can use these long-term targets and combine those with the battery percent reductions that we heard on battery day to get a gauge for those current cost estimates. But it's important to remember. That on here is talking about the cell cost and during battery day that fifty six percent per kilowatt hour reduction seven percent of that was actually four. Sell to vehicle integration. So i don't think we should be. Applying that percentage on this base cost here. So let's say than just at the cell cost level. They're targeting a forty nine percent reduction there if that's an accurate assumption that means yawns numbers here would imply that. Today's prices are somewhere between ninety eight dollars and one hundred and eight dollars per kilowatt hour at the cell level. So i don't know how much the additional cost to go from. Cell to pack would be per kilowatt hour but these do seem to line up pretty well with what estimates have been and can give us a lot more confidence in where tesla is currently and then of course. We're they intend to get to longer term with you on confirming that in this interview. So that means longer term you could be looking at a seventy five kilowatt hour. Pack costing just three thousand seven hundred fifty dollars versus today may be somewhere around seven thousand seven hundred so that's obviously very exciting for them locations for the car but one thing that i do also think is really interesting. Is the marginal impact of that as you. Add battery capacity because at that price. It just doesn't cost that much to add additional range adding twenty five kilowatt hours. There would only cost additional roughly twelve hundred dollars so in the case of a model three for example you could add an additional say hundred miles of range for only a final cost to the customer if you apply twenty percent margin on that of about fifteen hundred dollars. Obviously the batteries have to fit in the car. So there's going to be a limit. But i think as better costs come down. That limit is going to be more physical constraint versus pricing constraint.

tesla tesla peak Musk elon twitter berlin
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

05:24 min | 1 year ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"Everybody Rob our here and today we are primarily talking about Tesla Energy Tesla has officially launched its energy service in the United Kingdom, , and with that they've shared a lot of interesting details on their plans in that market. . We then also have an update on delivery for Tesla's latest product or add. So . starting off with Tessa Energy, , tussle today, , updated their website in the UK you can actually access this from I believe any country as long as you just go to the drop down and ginger location. . So in the UK on Tesla's homepage there now, , featuring a new product quote, , the Tesla Energy plan designed for homes with solar and Power Wall. . And Quote Tesla also has a nice little two minute video. . They're sort of running through the entire process end to end. . But basically what this energy plan does is utilized tussle power walls to create a virtual power plant in which Tesla will utilize their audit or software to manage energy storage levels in different distributed energy storage products such as the power wall. . This adds value in a number of different ways, , but I think the simplest way to understand it is to think of it as somewhat balancing the grid out Tesla can purchase energy when it's really cheap store it in the distributed network of power walls and then resell it when energy prices. . Are High that's all managed in real time automatically by auditor software that helps balance out the grid and then tested profit from the differences in though selling prices. . This is, , of course, , in addition to the normal benefits of having a power wall, , which would be to store your renewable energy so that you can use that energy when your power production is not that high, , and then of course, , having backup energy in case of power outage, , what that virtual power plant functionality enables is for tussle to partner with an energy retailer in this case, , octopus energy in the UK to provide tuskers that have a power wall with a much cheaper energy plan. . Than, , they could get anywhere else tussle on the website says it can be up to seventy five percent cheaper for energy than any other available rate. . So we're going to go into the details on that but I there are a couple of unique things we have to understand about the UK energy market, , the first of which being the terminology. . So in the UK essentially, , each energy plan is known as a tariff I think generally, , we think of tariff as being attacks, , and here for the UK energy market, , it does involve pricing, , but it's broader than that. . Basically, , an energy tariff here is equivalent to saying an energy plan. . So the tariff involves pricing. . It involves whether you're power costs are fixed or variable your provider, , the energy source that you're using whether that's renewable, -able , or something else all of those details fit under what would be described as your energy tariff. . So if we focus in on pricing, , there are a couple of different charges. . The first is what's known as a standing charge that is a daily fee they are paying basically for actively and UK power dot co dot UK says that the average staining charge for electricity in the UK is twenty point, , five, eight , pence per day twenty, , point five pence is equivalent to twenty seven US sense. . So that doesn't sound like a lot. . But over the course of the year, , that adds up to one hundred dollars on average. . So that's the standing charge and there is a unit rate. . So you're paying per kilowatt hour. . Think we're operating used to that and on average that is fourteen point four pence per kilowatt hour sources vary on this, , but it looks like the average home in the UK uses about four thousand kilowatt hours per year, , which would lead to you `electricity costs five, , hundred, , seventy, , six pounds per year. . That's about seven hundred, , fifty US dollars. . So all in standing charge plus the actual payment for the electricity you're at about eight, hundred, , , fifty dollars per year and probably higher. . If you have to charge electric vehicle. . So with that context, , let's look back at tussles energy plan and affect you. . It says, what , are the tariff details? ? Tesla says quote no standing charge on your bill, , a twenty four, seven , import rates of eight pence per kilowatt hour for current Tesla vehicle owners and eleven pence per kilowatt hour for non Tesla vehicle owners the lowest flat rate tariff available on the market as of October twenty twenty. . So at eight pence per kilowatt hour and no standing charge over the course of the year at four thousand kilowatt hours you're looking at three hundred, , twenty pounds or about four, , hundred seventeen, , which will, , of course round. . Up to four, , hundred, twenty , US dollars. . So under that example, , you're saving more than fifty percent more than four hundred dollars per year or about thirty five dollars a month remember though that's for the average around four thousand kilowatt hours. . If you have an electric vehicle charging that, , let's say that's double eight thousand kilowatt hours that should get you ten thousand fifteen thousand miles per year from your electric vehicle. . Then your annual electricity costs go up to a little over twelve hundred pounds or about sixteen hundred US dollars under Tesla's energy plan that same amount of energy would cost about six hundred and forty pounds or about eight, , hundred and thirty, , five. . US. . Saving about seven hundred and sixty five dollars per year or sixty, , five dollars per month so that all sounds great. . The energy on this plan is all renewable but where the rub comes in as you have to actually by the power wall and in the UK that cost eight thousand pounds, , that's a bit over ten thousand dollars. . So if you're saving sixty five dollars per month while the payback period on that is about thirteen years. . So on the surface, , this looks pretty attractive and if you happen to already have power while. . In the UK it seems like a no brainer. . But unless I'm missing something on the math here, , this is a complicated subject to me. . It's not clear that this is something that everyone is immediately going to be scrambling to adopt where things get a little bit trickier to understand her on the math on is when we switched over from purchasing electricity actually selling electricity. So . in the UK, , there are a couple tariffs on that. . There's a generation tariff and an export tariff. .

Tesla
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

06:11 min | 1 year ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

"Everybody, , Rob Power here, , and today we haven't exciting episode. . We have updates from Tesla on almost every single vehicle in the lineup. . So we're going to go through exactly what has changed because there's a lot here to keep track up. . So tell normally doesn't make these broad sweeping changes across the lineup they sort of just update each vehicle as they have changes to make. . This then is pretty unique for Tesla and it does seem like they're making these changes right at the same time that they're changing the model year. . So even though on tussles website, , they don't necessarily designate what model you're. . The vehicle is the vehicle identification number does still indicate that and from those Vince we've been able to see. . That Tesla has just now started producing those twenty twenty one model year vehicles over the last couple of weeks we'll talk a little bit more about that later but let's get right into the changes here. . Predominantly, , the changes have come to the model three but again, , there are updates to all the vehicles which every captain a chart here. . If you are watching on video, , we'll go out of the traditional order here of as three X Y and switch it up. . We'll start with the model three. . So the standard range plus originally had a two hundred and fifty mile range that has now been increased by thirteen miles two, , hundred, , sixty, , three the long range version saw the most significant bump for the model. . Going from three hundred, , twenty, , two miles before now to three hundred and fifty three miles of range and the performance jumped up by sixty miles from two hundred, , ninety, , nine miles before now to three hundred fifteen for the standard range plus and the performance that's about a five percent increase in range. . But for the long range, , it's actually about nine and a half percent. . Unfortunately at this point in time, , we don't know what is driving that significant variance between the long range, , all wheel drive, , and the other trims were just going to have to wait and see once he's actually start being delivered to customers aside from the range. . The long range and performance versions are now quicker zero to sixty. . The Long Range non-performance has been updated from four point four seconds before to four point two seconds now, , and the performance has gone from three point two seconds to sixty down to three point one as for other changes we've talked about quite a few of these earlier this week about the big one here is the heat pump house actually able to confirm that the new version of the model three does have the heat pump. . This was just from one source at Tesla. . So it is possible that that source was misinformed but from my knowledge, , the model three now does have a heap like the model why that should improve the efficiency especially in colder climates we know that the model three has Now been updated from chrome to have black trim instead a power trunk. . There is a new steering wheel electric is saying that the steering wheel is heated I have not seen that confirmed anywhere else though. . So I think that's a question mark at this point in time, , there's new updates. . So the air wheels and the sport wheels have been updated to a new look, , and then the performance model three has been updated to the Uber. Turbine . wheels that are currently on the model y though on the model three, , they're an inch smaller at just twenty inches rounding things out are I believe updated mirrors though I think this happened earlier sometime around September to add a heating element to the side mirrors. . And then I believe there's also now an auto dimming rear view mirror for the model three. . There has been updates to the windows apparently for better soundproofing, , and then of course, , the updated center console. . So the fingerprint trap that was the piano black glossy console is no more at least for the model three does still remain on the Model Y. . so speaking of the Monowai, , let's move on to the updates there these are just range focused. . So the long range model why has improved by ten miles from previous EPA rating of three hundred, , sixty miles to a new rating of three hundred and twenty six miles three percent increase there, , and then the performance model why has gone from two hundred ninety? One ? miles up to three. . So twelve miles there or an additional four percent we'll come back to that for a little bit more analysis but just around things out for the Model S. The long range range actually stayed the same at four hundred and two miles. . So no change there. . But the performance had a significant increase from three hundred, , forty, , eight miles before up to three, , hundred, Eighty, , , seven, , thirty, , nine miles incremental or eleven point two percent of course, , the other big news on the Model S. This week has been the price cut. . So the long range has been reduced by fifty five hundred dollars while the performance reduced by three thousand as for the X. No price cut here so. . There is a pretty big spread now between the US on the ex but the long range version did see a range increase as we talked about earlier this week when we had seen that, , Maroni sticker from a new delivery, , it's gone from three hundred, , fifty one miles before now up twenty miles to three hundred, , seventy, , one about six percent increase, , and then the performance seeing similar level of increase to the performance model s from three Oh five before now up to three, , hundred, , forty, , one about a twelve percent increase or thirty six miles. . So to the best of my knowledge that captures all the changes across the entire lineup. . But of course, , as these vehicles start to be delivered, , we may still. . Uncover some other minor changes but to summarize all this, , if we look at the average here across the entire lineup, , not using any waiting by sales or anything like that destroyed up across the board previously tussles average range three, , hundred, , twenty miles per vehicle. . Now it's three, , hundred and forty. . So a twenty mile increase for the average vehicle tesla sales or about six percent. . So how is Tesla able to achieve all this? ? Well, , back in July? ? We had heard that Panasonic had already developed technology that had resulted in a more than five percent increase in energy density on Tussles twenty-one seventy battery cells and Reuters reported that they would quote start converting lions at Gaggenau Vada from September so I think now. . We're mid October were starting to see the results of those updates in the lineup, , and we're also seeing improvements and s an ex and those were to use the eighteen sixties from. . Japan not the twenty one seventies from Geena. . Vada but if Panasonic was able to improve the twenty-one seventies while they were probably able to improve the eighteen, , six fifty as well I think it's tough to find another explanation for the roughly six percent increase in the Model X. range other than updated cells. . But the confusing part is that zero percent increase on the long range model s remember though when the Model S. increased from somewhere around three hundred, , eighty miles up to that four hundred to rating the model extra. . At all. . So really it's just catching up with the previous model s updates. . So I wonder if maybe Panasonic had been testing an earlier version of that new battery cell with the five percent energy density increase in just the Model S. but then it wouldn't explain why the performance model which would presumably have the same pack as the long range is seeing a similar increase. . On the model here as the Model X.

Tesla Vince
"tesla" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

06:16 min | 1 year ago

"tesla" Discussed on Tesla Daily: Tesla News & Analysis

". Today we are talking about Tesla's possible equity distribution of people have been calling the capital risk today and it may very well be, , but we'll go into the details on that. . Also, the , implications that that may have four, , S&P five hundred inclusion, , and just a quick update on how that looks after the stock split, , and then we have a been a news on model y out of Shanghai as well. . So Tesla stock on the. . News today was down four point, , seven percent to four hundred and seventy, , five dollars, , five cents but a pretty steep drop from the after hours trading yesterday in the pre market trading today where tussle actually peaked around five hundred and forty dollars per share still though even with that drop today. . TUSLA still up post split remember the split happened around four hundred and forty two dollars per share. . I've gotten a lot of questions on why it would drop. . Today I never know you know you can't you can't know for sure but it did drop on the news of the potential capillaries, , which will obviously go into more detail on here. . But many brokerages have seemed to have some issues with handling the stock split, , which has made in some cases trading unavailable for some people. . So there may have been a decent amount of shares locked up yesterday seems like a significant amount of that has been freed up. . Today so many of those people in those circumstances may have decided to take some profit off the table after the run that we've seen the last couple of weeks, , there's been some theorizing around the Internet that may be some of those brokerage issues were caused by naked short selling, , which essentially means your selling a share short that you have not actually borrowed from anyone. . You're just sort of creating your little share to sell to someone with the expectation. . Being that if you would need to actually deliver that share at some point, , you could go and borrow one. . But the theory is that the split caused some problems for people in that position because of the need to deliver the four extra shares which has then resulted in some of the scrambling that has caused some of the share lockup for this period. . Personally I am relatively skeptical of that theory the only reason that I really bring it up. . Is because number one I've heard people having issues with their brokerages the last couple of days and number two to provide an example of things that may not necessarily be known. . That could also influence the stock price rather than just the news of the equity distribution today are getting into the possible capital raise. Then . I'm sure by now most people have heard that this morning tell disclose in a filing that they have entered into an agreement that will. . Allow them to raise up to five billion dollars in cash through a follow on offering of Tesla stock. . So that means Tesla can sell share of the market they keep the money for those shares and use that for their business purposes those shares if and when they are sold our newly issued shares. . So that ends up increasing the outstanding share count deluding existing shareholders but for the exchange of the new cash coming into the business which can increase. . The value of the company. . Now in this case was particularly interesting is that normally when capital raises happen, , follow on offerings happen there is a fixed price fixed number of shares. . So company is going to say, , okay, , we're going to sell twenty million shares for one hundred dollars a share and raise two billion. . That is not what Tesla is doing here. . So this is an equity distribution agreement also known as an at the market follow on offering which means. That . Tesla as the issue or can work with the banks that are helping facilitate the transaction ten for banks to decide based on the price that day if dessel wants to sell any of this offering all tesla spells this out very clearly in the filing saying quote, , we will designate the maximum amount of common stock to be sold through the sales agents on a daily basis or otherwise as we sales agents agree and the minimum price per share. . At which such common stock may be sold and quote. . So Tesla could end up raising zero dollars from this. . If they don't like the price that they're getting from the market that could also raise five billion or any amount in between and they to make this decision on daily basis or even more frequently as they say, they , are if they agree to that with the banks facilitating this offering, , Tesla just set the minimum price that they'll take and. . If it doesn't hit it. . Well, , that's fine. . Tesla doesn't need to raise capital them. . Tussle highlights this point in the use of proceeds section. . In the filing saying quote, , we may issue and sell shares of common stock having aggregate sales proceeds up to five billion dollars from time to time because there is no minimum offering amount required as a condition to close this, , offering the actual total public offering amount commissions and proceeds to us if any are not. . To terminable at this time and quote as far as what Tesla would actually use any capital wrist four, , they say quote, , we currently intend to use the net proceeds from the offering to further strengthen our balance sheet as well as for general corporate purposes and quote. . So personally I am thrilled with this Tesla now has the ability at any given point in time any single day to raise up to five billion dollars if the stock price surges in any. . Particular Day for whatever reason Tesla can offer some shares opportunistically raise some money maybe they decide they wanNA raise a billion or two billion. . They have that flexibility. . The only real disadvantage of this kind of structure that you're not getting that fixed price you leave yourself vulnerable to a falling share price. . So if you actually need the capital, , sometimes those fixed prices can be better because you're assuring that you will get that capital, , but if you don't need. . It and you're just trying to raise opportunistically than this is a perfect structure. . My point of view has mostly been that tussle doesn't really need to raise capital. They've . got a lot of cash on hand and I think free cash flow is about to start to really ramp up is next few quarters. . So even with the market cap being what it has been, , I've basically been of the mind that if dessel feels like they need to raise the. . Capital all support it, , but it doesn't look to me like they need to. . So I'm just as happy if they don't and this seems like a perfect middle ground, , I liked the amount as well. . Obviously could be anywhere between zero and five billion dollars. . But even if it is maxed out at five billion and even if it's roughly around the share prices that were at today, , let's say five hundred dollars a share. . That's ten million new shares Tesla. . After the split has about nine hundred and thirty one shares total outstanding. . So that's about one percent dilution only that you're looking at to raise possibly five billion dollars even if you don't think Tesla needs capital Beth such small delusion having cash on hand as Tesla said, , would improve the balance sheet that can go a long way in improving their credit ratings that can allow them to access cheaper debt there can be a lot of benefits of that cash. . I wouldn't advocate for it, , but they could use that to pay down some of their outstanding debt, , cut those quarterly interest payments that we talked about last week, , which would lead to tesla retaining more of their cash better profitability whether they just let that flow through all the way to the bottom line or reinvested elsewhere in the business.

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