39 Burst results for "Tesla"
Fresh update on "tesla" discussed on Tesla Daily: Tesla News & Analysis
"Everybody robbing our here and that we do have a relatively quiet news day today. We're gonna be talking a little bit more about tests production shutdown the semiconductor situation for the broader automotive industry. Some comments from morgan stanley's adam jonas on cnbc about tesla. And then we'll wrap up the week with some news on spacex quickly checking the stock today. Tessa finished down one percent to six hundred. And seventy five dollars fifty cents. That compared to the nasdaq actually with green day. Up a half a percent as it seemed like all is on the market today. Were on the stimulus package. The house of representatives is scheduled to vote on that tonight. It is expected to pass. If that does happen will then proceed to the senate but there has been a bit of a hang up on the minimum wage increase proposal included in the stimulus as the senate parliamentarian or physically. The person that's responsible for making sure that everything is proceeding properly ruled that the minimum wage increase could not be in the relief package. So democrats are then trying to add some new language that would penalize companies for not paying their workers. Fifteen dollars an hour so a bit of a mess not something. I'm trying to get into the politics of but obviously this has. The market's attention currently so i up today. Checking in again on the production halted. We talked about yesterday. Of course elon. Musk and said that fremont had been shut down for two days due part shortages but they restarted on the twenty fourth but separately from john's comments. There were a couple of reports from employees in various places. Saying that yes. Production was starting back up on the twenty fifth but not a full capacity and that some areas would still be down until march seventh so the water cooler chat on this. Today is coming from. Dr tesla canada. Who tweeted earlier today. Quote just heard from a source at fremont that model three workers who were originally told they were off until march seventh have been told to come back this sunday. Looks like fremont is back up and running like elon. Musk set and quite so. This does kind of fall into that rumor category..
Did Bill Gates Seriously Short TSLA Stock
"Robbed our here and today we're going to be talking about bill gates response to on musk's claims the oregon podcast a couple of weeks. Back that get heard. That bill gates had been shorting stock. We've also got some news on the broader electric vehicle automotive market an interesting response from yvonne on an article from the washington post. And of course. We've gotta talk about tesla stock. It's about wild couple of days. We had the interview yesterday with alex rotter so we didn't get a chance to talk about it. But of course yesterday. Tuesday february twenty. Third tesla dropped to a low of six hundred nineteen dollars per share. That was down more than thirteen percent from the prior. Close then of course. We saw us swift recovery in the market. And from tesla tesla finishing down just two percent yesterday on the biggest volume day that we've seen in over a month and a half with sixty six million shares trading hands yesterday. So i talked about on monday and we briefly talked about yesterday in the interview as well. A lot of this is tied to expectation on interest rates. So yesterday fed chairman. Jerome powell made comments to congress. Indicating the current monetary policy is expected to continue for some time as economic uncertainty remains so not to get too deep into that. We've talked about that. Of course in the past but as far as tussles yesterday certainly was not isolated to tesla. Those sort of concerns were broadly extended to high growth. Stocks tussle obviously falls in that category. And i think the volatility there serves as a nice quarterly reminder that you have to be very very careful with stop losses on a volatile stock like tussle as for today tesla continue to rebound finishing up six point two percent to seven hundred and forty dollars two cents. That compared to the nasdaq up one percent. All right so i up today. I want to continue a conversation that we began a couple of weeks back after yvonne. Musk went on joe. Rogan's podcast for the third time and said that he had heard from people he believes would know that bill gates had shorted tesla. Yvonne brought that up in response to a question from joe rogan on the tesla semi citing that bill gates in a blog. Post a few months back had said that eighteen wheel electric semi is probably would never work so allen's claim here understand. We drawing a lot of attention not the first time something like this has happened between musk and gates last year. He did by his first electric vehicle. The porsche ticon. Which at the time. Maybe it wasn't so clear why he didn't by ordering vehicle up until that point. Well now we might have a better answer for that. But he talked about the decision in an interview with marquez brownlee and it seemed to be a relatively tepid endorsement of electric vehicles gatesville right up ranging anxiety as a problem and elon. Musk responded to that interview. Not necessarily gives purchase of tycoon but those comments in general by saying that quote my conversations with gates have been underwhelming to be honest and so that catches us up to today and then we have launched claiming that he heard gates which tesla now in the last week. We've had both cnbc and bloomberg asked gates directly about that claim. I think gates tone is important these responses so i will play the actual clip. The i wanna hear from andrew. Ross sorkin cnbc asking gates so so you're not sure tesla's stock were clear. Yeah i'm not. I don't talk about my investment. But i think he should be very proud of what he's done. Okay so technically there. He did say yeah. I'm not but it sounded like he was more starting a sentence of saying yeah. I'm not going to talk about my investments not yet. I'm not sure tesla because he interrupts himself and says i don't want to talk about my investments so to me. That's a no comment. Rather than a denial. What's interesting here is his reason saying he doesn't wanna talk about his investments but in the exact same interview. He talks about his investments multiple times. He says quote when i invested in impossible foods or beyond me or quantum scape. I was doing that just to help their own climate. Now it looks like those three will be very successful companies. And so i'll have more money to put into the tough areas a climate like cement and steel and quote. Okay so he says he doesn't want to talk about his investments but then he in response to another question talks about his investments in impossible foods beyond me quantum scape and then how does investments are doing and that i'll have more money to then go on an invest in other stuff. I mean how much more could you talk about your investments. And he uses the first person tense. You're saying i invested. He's asked about bitcoin and he says quote. I don't own bitcoin. I'm not short bitcoin. So i've taken a neutral view and quote so for bitcoin. Perfectly fine to say i'm not short bitcoin. Same question for tesla. oh. I don't want to talk about my investments that we just spent a bunch of time talking about. If you're not going to answer the question at least come up with a better non answer. That doesn't immediately contradict yourself. He has to have known that he'll be asked about that and yet seems completely content guard answer so that was last week if there was any doubt left after that because he did start off. By saying yeah. I'm not before interrupting himself as we said. Here's gates on bloomberg yesterday so we had five days to think about this answering the same question from emily. Chang yuan has in the past claimed you shorted tesla and i wonder if there's any truth to that Well you know i think. Test us on amazed seen company I wish you know own. Been more on the long side. But i it's it's great And you know i have. Lots of relatives won't tassels Helped by for them. So you know nothing. But positive thoughts about tesla role. Okay so if the answer to the cnbc question was a bit of a flood. There was a clear opportunity to just say. Hey i'm not sure. Tesla was jor tesla and again gates passes and he sure doesn't look comfortable to me answering the question. Belief is that it looks pretty clear. That bill gates was short. Tesla who knows if he's still is it'd be surprised but come on. How are you going to be all about climate change and then short the one company that's doing more than any other company on earth to combat it. If you don't think it's a good investment you think it's overvalued you can just not invest in it. No one has any problem with that but too short it push the stock price down. Make it more difficult for tesla to raise capital. That's something else entirely.
Fresh update on "tesla" discussed on Bloomberg Markets
"Quick Take This is a Bloomberg business Flash John Tucker. He and the Bloomberg instrument is Bloomberg business flashed the NASDAQ 100 was up 1.6% of the open. But it reversed direction sank into the red in the first hour trading before bouncing again into the green. The S and P 500 also faded early gains amid a some off and sick. Nichols attack is still the second best performing the benchmark camp utilities Mike yourself an ample the biggest gainers in terms of index points, while J. P. Morgan and Tesla biggest Decliners right now, the Dow Jones industrial average down 221 points on 31,178 S and P five entered in the green right now five points a 38 34. The NASDAQ composite index 112 points higher. That's a rise of 9/10 of a percent where 13,233 And as for Treasuries, those spiking yields yesterday, some often treasure sending those yields higher. Today we have the 10 year. The benchmark of 5.
The Power of Audio with Audioburst founder and CEO Amir Hirsh
"Historically it's becoming more and more accessible but how can audio be more accessible so when we started audio your we analyzed. How come we as a personal fans of podcasts in your content and radio content as well thought that there's always all the answer that you want and all the content exists out there. How come he doesn't pick up on the internet. The hukou doesn't pick up on the new digital world and age the same as text and video n. there were several challenges that we've analyze and found them that what we've built around in order to solve his that audio in many aspects is not very easily discoverable. So you can't search audio. You can't came on your. You can't share argue a lot of the times. The audio content was one hour or forty. Five minute long of podcasts or radio show now is very accessible. You can't search for it. You can't look for specific clip or area that you'd like to listen instead of listening fully immersed into the whole show and you couldn't share any of it so what we've done in audio versus that we've built an ai engine that listens to vast amount of audio content. Have it be podcasts. Radio online videos that pretty much became slide with the audio content behind it and in an essence does three actions wanted analyzed it and cut it into short clips so we were able to take a long form show and cut it into the individual items that conversations the topics the questions that happened within it allowing users to get into specific point than sample what they're looking for the second is that we've index each clip that the we call burst we've added as much as possible transcriptions keywords entities source time a mood analytics number of speakers. There's plenty of dimensions that we've added to each clip like that so we'll be able to find it afterwards when the user can't and then we've added that delivery mechanism. Api layer and then on top of it as decay an imitable player for the web and libraries for and android to allow the different products and the different places where users are today to add an embiid audio layer to their products the main essence and misses that we wanted to do an auburn while making acceptable is making it extremely easy for products to add an audio layer and our dimension to what they're offering to their clients and to their users instead of asking the uses to come look for audio summer to come download an app or look for it online. We said no. I want the to be able to listen to their podcasts. Within the running up on the websites to be able to add the audio interview of the person mentioned within the article in the article itself and available that way. We're working on integration with podcasts. Search and audio playlist to be added to automotive to oem's and tier one. So when we drive. I want the or your car to greet you. Good morning. Allen here's the Traffic report and here's what happened in the news. And by the way. I know that you asked about tesla stock last night. Now i'm sorry a couple of days ago here is a couple of Analyst talking about it. That i've found over the night while you were sleeping. That kind of mechanism makes audio is easy and accessible to users wherever they are whenever they are just a touch away or command away or click away and that's the mission that we've done in august and it's quite the future picture. Frankly it's happening today. Alan i gotta tell you so. No no i know. I know it's it's amazing to me. I know you've you've been spending a ton of time building the tech in the meta data structures to make that possible and you talked about a few of the potential customers or ecosystem that you operate in like the news aggregate or the even the automotive industry. Can you go a little deeper for me. Like tell me a little bit more about like where audio burst operates today and like what are some additional use cases where you see your technology fitting in happy to one you remember. We started this conversation with you calling me crazy so i still need to convince you whether you know or futuristic or it's happening today. We were lucky enough happy enough to have multiple great partners invest in our company and work with us hand in hand to build this future. Earth with juristic thing. So you'll see among our investors for example samsung and hyundai and denso giants from the mobile and consumer electronics through the automotive and media world. That have joined with us in this effort to make this happen and that was an incredible. That is an incredible journey for us to do. Other birds today is live and via our player in. Api's and as decays in our have added all your to mobile apps such as flipboard the news break to websites of variety sizes of styles of and topics verticals with our impeccable player. And i think on the automotive that you said sounds of fridge ristic we have a few not live yet but few sees that we're working with leading oem's fortunately i'm not allowed to disclose on unique playlists to be added to their infotainment system to search engine behind voice activation. So you'll say hey name your Favorite car what's the latest on president by then or what's going on with the dallas cowboys or howled the markets of behaving today and you know the for time-to-time some of the existing voice activation will give you a robotic answer. A some clipper what auburn is offering them to dan. The what we're doing with them is the will provide you with the latest clip from professionally produced provider of the content from experts in the media world from the analysts from the best radio stations. Or podcast that will really give you an answer that you'll enjoy listening to that. You can stay focused on that you can listen for you know a few minutes of enrichment content while you dr. So and companies that were working with that are adding the sinking ability into smart earbuds. So you can do it in your car when you jog on when you run either from your app from earbud itself. These are exciting times. I can tell you. In the beginning. It took companies and customers of our some time to adapt and understand the message that we've done but twenty twenty really opened their eyes and saw how much the uses are dying to get talk content and podcasts and user errors. The case every brandon every company out there all of a sudden can become an audio media world and audio media provider. Because they don't need to be worrying about that layer they just add this became we handle everything for them and delight their users. It's pretty. I mean it's amazing. What the infrastructure that you've built behind the scenes if you will of these different applications at frankly proliferation i guess of where it could show up. I mean some amazing amazing platform that you're building from online news sites to encourage experiences to while on the go to your point. I mean i think that is the power of audio is that it can pretty much follow you throughout your day without interrupting. Whatever it is that you need to be doing at that moment in time or where you need to be going. that's amazing.
Fresh update on "tesla" discussed on Yahoo Finance Market Minute
"This is market minute. By who finance. I mean as faure. The markets in mixed today but quickly retreated into negative territory with the dow down more than one percent or more than three hundred and fifty. Points the five hundred down about a half a percent. The nasdaq down about two tenths of a percent. Nikola reported its quarterly results. Yesterday the stock had been up in after hours immediately following those results but then dipped into red territory again after its conference call in which the company talked about the delivery of its trae semi trucks for the fourth quarter of two thousand twenty one updating those delivery numbers to one hundred rather than six hundred as had been expected earlier. Tesla is down more than two percent. Today and the financials are under pressure with j. p. morgan bank of america and wells fargo all down more than two percent for more market news. Head to yahoo finance dot com..
Elon Musk loses billions in bitcoin
"Joe and andrew. It was just yesterday. That were talking. About how tesla could be making more money from their bitcoin. Investments that one and a half billion dollars that they put in in january. Then they'd be making an all of their cars together. of course it depends on the direction of bitcoin and goes to the whole volatility. And here we are. We're seeing the volatility. What i was just going to mention is the way it is important for. Investors who invest in tesla. We're thinking about bitcoin. The way they account for it is actually very unique. They actually broke right make money. That's the they make money and bitcoin. They actually don't write it up. It will not be reflected in the results per se however if they lose where they bought it add. It is reflected in the numbers. And that's an interesting facet of how companies are starting to think about how you account for this stuff but it's a it's fat profits like berkshire doesn't where you broke out operating profit from investments right and there's a counting in. There's whoa. i just lost my shirt. I mean well counting you lose you. Don't put the money in. So so i don't care how you account for it. You know what i mean. It's like you own enough of that stuff and it starts doing this. I don't get that'll get your tend to just just like the opposite but you know forty seven we're like oh my god forty seven. Can you believe that it wasn't twenty. Eight thousand everybody was when he was at twenty eight thousand melissa and other i think san toy and they said well would you buy the twenty twenty eight thousand after. It's gone up here. I don't know if i buy twenty eight thousand so you know what do you and then went thirty thousand higher than that. It's nutty all in what a month less than a month. And so and then you start to think you know these folks who want to accelerate as a currency you start to think about that right. How how could you. How could you. you're inviting. I thought that was a moment. You gotta differentiate between a currency and something that you used for transactions for currency. If you're holding on your balance sheet you may just be doing it as almost like you talk about short term treasuries would be a currency or maybe you think long term treasuries or maybe you think gold is something you you may not use it for transaction but you may want it representing dollars on your balance sheet representing currency. But but it doesn't mean you using it for transaction all the time. That's why store miami. Right the city of miami though. That's one thought was just the craziest. The idea that they said that if you're an employee of the city and you want to get paid in bitcoin you could do that. Like what.
Fresh update on "tesla" discussed on SMRPodcas
"The weather they actually. Oh that amount or not. Yes i do think that they're going to struggle with whether or not there would be would collect there was a bounce. But that's what i'm talking about. I'm not talking about soon because it happened. I'm saying i'm saying soon. Because they're getting these y'all because they said it's like the normal chargers six cents a kilowatt hour or something like that and it went up to nine dollars because they allowed them to have demand billing and that was that was something that they agreed and legalized. Yes i get it. But what the one demand up somewhat artificially right now. Lying say yeah. Yeah so it's like. That's all i'm saying is that i hope they can create a suit a suit sutin and and when they like not on this this is not us just using more power so the demands up so yeah so you charge us extra. This is you guys not maintaining your systems properly. It failing any you charging us more money because your systems failed. That's a different thing that's at least. That's the way i see it. I agree. I agree with you on that chris. I didn't mean to cut you off broadway and finish. No you're fine. You're fine so as ford finish filming Their new commercial where they're thinking the state of texas for f- and up their grid so that the f. one fifty is like when when texas s ups grid you can always get you an f. one fifty and we'll be right there for you. I mean it's gotta be something like that right right. That's the ford. Had a good story around that. And tesla actually did because you saw people who had tesla power walls and solar and they would handing down. Their street is like doctor doctor. Dark house with power house with power and it was power. Walls grits down. We're good because many people who are doing been looking at Doing the solar roof at my house and many of the houses. It's like dropping four power walls in there. That's two days liberty and you can learn day. Let me be texas well. Your solar panels aren't going to work if the covered with snow rodrick. I can rake those things off. Here's my question. So your your argument. Is that well when it's really cold in their snow. The solar panels won't work but your system doesn't work. how are you gonna talk about solar panels. Not working on your system doesn't work and the thing that you're trying to prop up against the solar panel together. Bill get yourself a broom and a ladder and a jacket or a coat or whatever whatever you have a blanket. Go up on the roof and brushed the snow off yet. Another thing that the other thing that the Tesla did with the power. Walls is when like if you're in an area and they're predicting a storms Specific be snow or hurricane or whatever They will actually. The power wells was shifted mode that they run into maintaining a very high state of charge. So that way if you were to go leave power unexpectedly. your power. walls are full. So normally you're the way the parallels are supposed to work in your houses at. They'll you know that you'll use the power walls overnight and they'll take less from the great overnight and then in the morning they know that the sun's gonna be up so their son is charging your power walls. You pulling a little bit off the grid a little bit from the solar panels and its recharging your powell's for night usage relative typical behavior but preceding to a storm. It goes into a mode where it's like. I'm not going to discharge at night. I will pull from the grid and when the grid in this case becomes unavailable because the snow just took your grit down. You have two days of backup battery charge sitting there. Who right when you need it So yeah I think ford got a really good commercial with the guy with the f. One fifty. And i think tesla got a commercial from all the people who were tanning around showing Their power walls. And there's one guy with a tesla solar roof that i did see a video from texas where the snow is just sliding off the solar roof. It wasn't even sticking it. I don't i haven't looked into that to find out. It's a solar roof. Have some level of heat so it just clears now so from what. I've looked up And anybody can double check this. But from what i understand it he did this. No snow doesn't stop the solar panels from working. It can reduce the amount electricity. A build up but it doesn't stop it and not to mention that the solar panels are always installed at an angle so generally the snow will fall off of them Pretty quickly but it doesn't snow doesn't stop ice doesn't have any effect The sun goes right through the eyes. Because it's clear so is is not a problem and The other thing is with the snow is that it actually can make your solar panels work more efficiently because Because i guess what the cold weather it allows them to create create more energy in the wintertime than they do in the summertime so it actually can be beneficial but he doesn't just cut off from working. Yes also dealing with you know these. I'm just going to call them. Poor souls who are making snowballs and holding snowballs candles. And then saying cbs's even real small government you know know. This government planted dust from space agency. That he has what. I'm talking about where elite people were saying this conspiracy theory that this is not you know a real natural disaster this snow. This is something else in the proof is. They're taking packing into a snowball and in holding over a flame say see. The snow's not even melting. I'm like did you not like have science in. These are all the way. Grown adults ra. So it was like eah. They grew up in the eighties. It's like didn't i remember in science class once thing that we would do was like. Yeah make a snowball take ice and then put it over flame and it doesn't melt it just you know what is soba mation. Automate goes directly to gas. So i'm just like this is your proof. This is the government that is actually knocked. You great out. There cynic down dust from space just on texas. Because isn't that doesn't happen. And the other forty nine states. This happened just in texas. And you know it's it's a government conspiracy to knock your power grid out. It's like how do you actually form those opinions and get them on the internet because that is a special kind of stupid when you say stuff like that i i did not see any of these stories but then again i have been looking for it but there. There were newsmen all over taxes. They were showing no folks. This is this is actually real snow in when you light snow on fire. It doesn't melt it you know. It goes directly to gases like there's probably science experiment that she did in the fifth or sixth grade. And you know in grade school but you're paying attention interesting I wanted to jump into one text or a really quick. I don't know if you guys saw That You guys remember fry's electronics. I do all sorts of closing fry's electronics. Oh fries wow yeah hutto zona their permanent closing all stores nationwide just moving along That was like a moment. Know thirty. Six years in business. And i mean i remember. The first time i went into france electrons was actually with brent. And he's like you gotta you've never heard of no idea what you're talking about each took me into a fries and it was like. Oh my god like this is amazing story especially if you're into buying any of your little in there The closing up.
Elon Musk risking the wrath of US authorities with Bitcoin tweets
"Elon. Musk's tesla converted some of its balance sheet cash into bitcoin. Earlier this year and said it would start. Accepting the digital tokens as payment by the way. Elon musk who has now. Apparently the richest man in the world He's been commenting about bitcoin and fiat money on his twitter profile. That was a good. I mean he's been trashing on government. Money okay so surprised that he didn't look at the technology more closely though and say okay there are more than one. There's more than one way to process transactions and. They're not doing enough to be worth that. Well they may have sorry to say that but he may have actually looked at the technology because if you look at some of his recent comments and i'll pull them up here. He's not exactly a huge fan of bitcoin. What were you gonna say. Yes so i think i think people don't necessarily understand why people find cryptocurrency so interesting and valuable and it comes down to. I think what he ultimately comes down to is dollar dollar. Was what you call dollar cost. Averaging that's a good strategy. So yeah. I mean i don't even see it as an investment strategy so it is but okay so basically if you have crypto and you have in your pocket let's say right and you can't actually put crypt on your pocket. Whatever you need figure stripping that Okay and you have dollars in your pocket right. Well if you're spending if you move those dollars over to the crypto pocket and you spend crypto instead of holding those dollars over time you'll actually end up with more money
Elon Musk says bitcoin seems high after surpassing $1 trillion market value
"$1 trillion for the first time. The biggest Cryptocurrency has been on a roll over the past year and has nearly doubled in value since the start of 2021. Institutional investors have been increasingly accepting Bitcoin and Tesla gave the crypto market of big boost with its $1.5 billion investment into Bitcoin. Tesla's CEO Elon Musk tweeted that while he's not a crypto evangelist, he thinks that Bitcoin is a less dumb form of liquidity than cash. The blistering rally that continues to captivate investors now has a single Bitcoin worth more than $55,000 Bitcoin traded for a few cents for several years after its debut more than a decade ago.
Unusual Perennials With Far Reaches Farm
"I'm kind of overwhelmed at the possibilities that you have in your list But i did see one sort of like theme ish thing that really caught my eye and recently my friend can drew's and i were talking on the show about some favorite of our early native spring. Perennials were both eastern gardeners. And we both love things with surveys. Arching stems like solomon's seal and such and you have a lot of things like that i think and i don't know if that's intentional. Or if you're obsessed with that too but can we talk about some of them like the polygon items and my anthem and you've you larrea. I die spor homes and whatever. I saw a lot of these things. Tell me about plants that look like that. Let's talk about that. Yeah yeah yeah all of those that whole kind of group. I mean they're like the disarms are now you know been separated out from the into a different family than Pulling games or solomon sales but but we kinda regard them as the sort of fulfilling the same function in the garden. They have the same visual Impact and appeal really and And we're just we are just smitten by them and and and for good reason. There's fear other things that Offer that In the shade garden Solomon's seals in particular Have there's there's over. Eighty species of solomon seals and within each species and their diversity is incredible. I mean it goes from the arctic circle down to tropical rainforest in vietnam and they can be. We've actually pitched a tent on flicking them hooker. I at thirteen thousand feet in eastern bhutan and that only gets an inch or two high in that really short alpine turf whereas We've got political. Tim did in our shade garden. And it's not done reaching its full mature size and we've been as tall as fifteen feet so that's pretty awesome. Thank goodness textiles for them and it said you have thirty one. Different polygamy items. And i was like and then you had an article on the website. I'll give a link with the transcript to it about one that i think it's cinemas The species is king knee. Ainum or juan neum or something It's like a twelve footer. With orange flowers that was surprising. Yeah that's really really nice thing. It's one that had been the had been regarded as a flagging kingham. It's it's distinct in that it has leaves. That are different than what we would see on on on the east coast for example Heard the leaves are kind of following this stem and their little alternate sort of things like every other step stepped up. The leaves up the stem but in keenum who aim vietnam again Their what's called a tesla arrangement of lease or their little like spokes on a wheel in quarrels ranked up the stem. And that's that's very distinctive right. Can you ain't them You know crashing. You know if it gets like ten twelve or even like in vietnam and fifteen feet. How do you. How do you keep those upright. And they've got a clever little adaptation not the end of each leaf tip at hooks into a little hook and it will actually hold onto surrounding branchless and of shrubs and so we have going up through having going up to really thin twigged shabby dogwoods and that can kind of self trellis themselves that way.
Tesla gets some Texans through the cold nights
"Power out to millions of Texans, it's still very cold there, and someone found a really unique way to stay warm. Your CBS is. Debra Rodriguez, one of Texas's newest resident, says he found a solution when the power went out in Austin during the winter storm this week in a tweet Elon Musk revealed that when they ran out of gas and fire, would his wife their baby and the dog put their Tesla on camp mode and moved in. Feature lets you use the cars climate control for more than a day without depleting the battery. Other Texans posted similar tweets. They're Tesla's got them through the cold Nights as well. Deborah
Jeff Bezos Passes Elon Musk as Richest Person in the World
"Chef Bezos once again the richest person on earth, Test one space ex CEO Elon Musk recently surpassed him. But Tesla's shares dropped 2.4% Tuesday, setting Musk's fortune back more than $4.5 billion, And that's where Miami Palmetto senior High valedictorian steps back into the number one spot he previously held for over three years. With a net worth of $191.2 billion. Bezos, now best musk by nearly a billion bucks.
Jeff Bezos overtakes Elon Musk to reclaim spot as world's richest person
"Bezos of Amazon and Tesla's Elon Musk have been going back and forth lately based on how their company's stock is doing yesterday, Tesla's share price dropped by nearly 2.5% that results in a paper lost the musk of more than $4.5 billion and puts bays owes back in the top spot where he's been for most of the last three years. Jeff Bezos, now as a net worth a little more than $191 billion, about a billion dollars in chump change more than hell on musk. Financial officials in the government don't seem
Cost of a single Bitcoin exceeds $50,000 for first time
"The value of bitcoin continues to rise a new high for the digital currency bit coin rising above fifty thousand dollars for the first time in the past several months the price of bitcoin has soared nearly two hundred percent with more companies signalling they'll accept the new currency it's been a rocky ride though bitcoin fell back below forty nine thousand dollars after hitting the fifty K. mark Tuesday last week Tesla ramped up interest saying it was buying one point five billion dollars in bit coin and that it would soon be accepting the currency as payment for its cars then BNY Mellon followed and MasterCard says it will start supporting select crypto currencies on its network I'm Jackie Quinn
Elon Musk invites Vladimir Putin for a conversation on Clubhouse
"Russia is open two billion are Elon Musk request to speak with President Vladimir Putin on the social media app clubhouse, the Kremlin spokesperson told reporters Monday. The proposal was interesting, but they need to figure out what they would get out of the conversation. Musk invited Putin to join him for a chat Saturday on Twitter, using clubhouse a quickly growing app that his audio only Tesla and space ex CEO said in Russian, It would be a great honor to speak with you.
Tesla to set up electric car manufacturing unit in southern India
"Output. As long as close to an agreement to make electric vehicles and India for the first time opening a new growth opportunity. After setting up production in China. Tesla has been negotiating of late with local officials in southern India
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment
"Let's start with the big news this week. Tesla by one point. Five billion dollars worth of bitcoin and also added bitcoin. S a form of payment. You started genesis as the first digital asset trading desk all the way back in twenty thirteen which was quite a different era in bitcoin and the industry back then looked quite different. And so i just want her given your experience in the trenches of this industry for so long what would you say is his significance of tesla. The biggest companies in the world putting some of its reserves in a bitcoin. So you're right We started the first otc desk. Bitcoin back in two thousand thirteen. Call eight years ago. Now and you know if you were to say. Hey you know tesla or any company like that would be putting bitcoin onto the corporate balance sheet back then. I don't think i would believe right. You think about trading firms you'd think about asset managers and hedge funds corporates at the of target audience certainly at the time And you know. But like and. I'm excited to talk about this. Because the tesla thing is is is a result right. It's it's a build up in an evolution of the asset class as well as the market infrastructure which led to tesla's investment than in on. Bitcoin got announced this week. Insult it's certainly come a tremendous you know you're and in progress within the ecosystem and and the exciting thing about it is yes. It's great elon. Musk and tesla a billion and a half big number. This is just the beginning
Cathie Wood Making Stock Picking Popular
"So tracy here's something that i never thought i would see again so i i started following markets in the late nineties The dot com era and something that i never thought i would see again in my career after that ended was the superstar fund manager. Okay why is that. Well the actually totally true. What i mean is more the superstar stock picker because of course back. In the old days there are a lot of like star stock stock pickers fund managers. You know Peter lynch comes to mind some of the other tech investors back then but these days with et fs with online brokerages that make it really easy for individuals to buy stocks on their own. It really sort of seemed to me like that era had gone bright so i suppose there was this idea that the time of stock picking has come and gone and that if you want to make returns in the market you should just poor all your money into something like an s. and p. five hundred. Etf like a vs tax or something like that and just stick with it and don't bother trying to outperform the market because over a longer period of time. Even the best stock pickers had eventually underperformed. Right i think this mantra of don't try to pick stocks. A if you try to pick stocks. You're probably going to underperform the index and be if you come across a mutual fund or a fund manager. Who's good at picking stocks. Oh it's probably just luck it's not going to last too. You know even if even if there is someone who can beat the market. How are you going to know whether it's actually worth putting your money with them until like this idea that everyone should just index Trying to beat the market is kind of a lose lose proposition. It's really been drilled into people's heads. And i think like you know for years. They're really we just haven't had a sort of another new peter lynch or buffet. There's star quantum maybe some bond fund managers who are known but the idea of like someone who is just really associated with a great track record of picking individual stocks. Hasn't been a thing for a while and yet and yet a star stock picker emerges over the horizon. Yeah executive obviously that really That for the first time in a long time there is currently a fund manager a stock picker who is a mess and incredible track record an incredible following. And of course. We're talking about kathy. Would she is the ceo and chief. Investment officer of arc invest and there is a total fascination with our and this family of actively traded. Etf a phenomenally well in terms of returns but also ex Attracted an extraordinary amount of investor cash in the last couple of years right so the arche t fs. I mean i'm looking at their performance. They have five different semantic portfolios alone. Ch- that have basically doubled over the past year. Which is pretty amazing if you think about it. It's amazing enough for just one stock to double in price like that in just the space of twelve months but to do it across multiple is really remarkable and i think within their actual portfolio. There's a tiny tiny number of stocks that haven't risen recently. And i'm not even sure there are any actually. It's a really amazing. Performance is really sure to actually. I'm looking at the end of twenty twenty for twenty twenty their performance of a r k. Which is the sort of flagship innovation. Etf that arc has was up one hundred fifty two percent for the year Extraordinary returns and if you look at the holdings they're just all of the companies that have absolutely killed it in the real environment. Tesla is the biggest one but other names square. The payments company phenomenal roku huge winner. Zillow spotify tele doc. Which of course had an incredible year. Thanks to the rise of rome medicine and so forth so it is a Just extraordinary number of winners that this There's a fund and the related funds. There's a related fund for finance and Medicine that have That they've brought it. Just the triggers incredible. If anyone follows. Eric balchunas who's sort of bloomberg intelligence is etf analyst. I feel like three quarters of his tweets. These days are just about. How extraordinary this Family of funds and the performance of arc invest has been lately.
Assessing Semiconductor Supply Issues, Giga Berlin Battery Update
"Everybody robbing our here and today we're going to be talking about the semiconductor supplier issue that has been affecting the automotive industry as a whole and we do have a few other topics to go through as well. This is a live episode because after we go through this. I do have some thoughts to share. But i thought it'd be best shared live so we're gonna do the kind of normal episode structure But it will be live so bear with me as always but we'll get into it will start off just looking at the stock today so finish down five point three percent to eight hundred and four dollars eighty two sons. I compare to the nasdaq which is on the video. But down a quarter of a percent so it was a tough day for tesla today especially relative to the broader market other automakers. Did you know at least the ones. I looked at fare worse than the market today as well thing. Gm ford were right around down to percents neo. Probably in that ballpark as well So i don't know that this drop was entirely isolated to tesla but certainly tussle moved a little bit further perhaps related to the supply of semiconductor. So let's move into that topic For whatever reason. I've had i don't know fifty to one hundred people. Ask me about this over the last two days whether that's in the youtube comments or on twitter or on patriae on a lot of people for some reason seem to be incredibly interested in this in the last forty eight hours even though this has been something that's been discussed in the automotive industry since back in mid december And tesla has already talked about it a little too so we'll go through tussles comments. I'm here as well. So essentially what's going on. I'll go into some links here in a second. But what's going on here is that there is the semiconductor supply shortage which is a factor of multiple different things that factored into it so primarily what has been driving it is two things the pandemic and then the rise in some areas of consumer electronics. So the work from home movement during the pandemic has caused increase supply for things like laptops and stuff like that. That people are upgrading for working from home. The five g cycle with phones has caused an increase from what i gather in semiconductor needs and then the next generation consoles with the xbox one whatever it's called now and the bs five launching those things have worked together to create more more demand in the consumer electronics base and then in the automotive space because of the shutdowns that were experienced in the first half twenty twenty the a lot of automakers cut their orders or their contracts with semiconductor suppliers to help get through that period of time. So what that is caused. Is those autumn those suppliers to necessarily want to cut production. And things like that. They worked through Their safety stocks. So let's let's get into you some comments here from Chipmakers the first one. That i wanna look here. This is from microchip technology. So this is from a couple of weeks backer. Just not only one week back. But they kind of talk about how they got into the situation that they're in In terms of semiconductor in the automotive supply chain so they're talking about how their customers generally pulled back very hard. During the pandemic there was no backlog visibility in this environment. They had no choice to down inventories and safety stock to protect themselves from what looked like severe economic contraction and they saw similar similar actions from their suppliers that worked that they were together for Actually producing their semiconductors so they said during his time no one in the industry was adding capacity. Obviously given the uncertainty about win things would recover And that uncertainty extended significantly as the bottom of market as well so one of the things that they talk about here. That will come back. A little bit later is that they're offering this microchip. Preferred supply program called bs to offer the prioritized capacity to companies. That are willing to work with them. To order. twelve months of continuous non cancelable non reschedule will supply So they're not guaranteeing capacity for that but they're prioritizing people that are willing to make those longer term commitments and because if we rewind it back to the for salvatore nineteen because other because a lot of other because a lot of automakers were uncertain about their demand they were unwilling to give a lot of certainty to these two suppliers. So that's kind of brought the semiconductor situation into where it is today and they're trying to work through this now and that's impacting. A lot of different automakers couple other quotes here just from people in the industry so this one is from continental Major supplier in the space. They're talking about lead. Times for semiconductors saying what with lead times of six to nine months. The semiconductor industry has not been able to scale it fast enough to meet this unexpected growth. In automotive demand which really is a return to previous levels not necessarily new growth than they continue saying quote the bottlenecks from the semiconductor industry expected to continue well into twenty twenty one causing major disruptions and continentals production. So that gives us a bit of a timeline in terms of how this issue looks. We don't necessarily have a scale from that. Then let's move into one of their quote here. This is from Tmc one of the obviously major manufacturers. I think they do like seventy percent of some semiconductors or something like that so specific to their automotive customers They continued to decrease demand for cms t s emcees semiconductors in third quarter of two thousand nineteen. The chipmaker only began to see southern recovery automotive orders in the fourth quarter. Their ceo said earnings call earlier this month
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment
"Tesla disclosed morning that it has purchased one point five zero billion dollars in bitcoin and makes the cryptocurrency in future as a payment holding. Bitcoin congrats this morning. Bitcoin is trading higher in light of the tesla news. Tesla share about one point. Five percent as i write this to you well. Bitcoin is up about seven percent in the last twenty four hours so it appears that crypto investors are a little bit more high about the situation than tesla investors
Stellar Community Fund: Payments and Beyond
"I know there's been an explosion of partnerships you guys have a stellar community fund in in all kind of go down this path throughout the throughout the discussion. But first and foremost like yeah. Give us some updates on what you what you've been working on lately for the last few months sure Over the last few months the stellar ecosystem has really grown up in part of that has to do with just organic growth. More people coming in finding the platform figuring out ways to use it building. Cool things part of it also has to do with partnerships that the stellar development foundation which is really the nonprofit organization at stewart's network. We're also trying to find people and work with people to help them integrate on stellar into us the network to to great effect right so we've also had a lotta great Partnerships that have come together of the past quarter and a lot of those have to do. With anchors anchors on stellar are basically what we call the organizations that accept deposits a fiat currency and issue credits on the network. So they're sort of the on ramp from the network and for the stellar vision of the world. There will be the goal is to get anchors and all these different markets because the network itself is asset agnostic and represent any currency. So the ideas. You get all. These anchors represent different fiat currencies on the network because the network has built an order books. You can easily exchange does makes it really good not just for like currency exchange but also things like cross border payments so we were a lot on getting more anchors onto the network and some of the big ones are sorry. Go ahead no no. Yeah that's interesting like which is one of my questions actually down the road. You're touching on it. It's like what time of what type of assets are you guys focused on there. There's tons of fiat. Are you also looking at like other cryptocurrencies or stocks. You know other types of assets data from from the traditional world you know. Is there any kind of focus or priority from from an acre sam point. Yeah the first priority for the organization. Stf stellar development foundation. I'll just probably call it. Stf from now on foot on the sdf's focus primarily at this point is on the currencies. So you know we have. We work with anchors a lot of them. We have a usd anchor just announced a new partnership with us dc. So you'll see see is going to be issued on stellar. We have a euro anchor and then we have a lot of anchors in africa and latin america in the first priority is to get those fiat currencies a representative on the network because they're good on off-ramps and because they connect people in their real lights right if you have a digital version of a currency that you can spend in your life. It's a lot more useful and we're definitely focused on practical real world use cases however there are also some really cool projects on stellar that deal in other currencies are the issue other currencies. The first i'll mention is d. Stock d. s. t. o. d. stock essentially represents a stocks on on on stellar network. As it's an app that you can use and you can basically accent trade Digital representations of stocks tesla's stock school stocks apple stocks and. It's cool because they also partner with some of these On so that it gives access to those stocks in the ability to train them to people in in markets where it's not necessarily easy to get access to those stocks right so in in nigeria where you can use the nigerian naira anchor that we have to on ramp. That company called khoury. You can then deposit that money into an account with these stock in trade stock so there's also stock trading in. Finally you asked that other cryptos yet. There are Stellar well with any payment rail including other crypto other blockchain's because you can create a digital representation of bitcoin her either just as you can of dollar nigerian naira or apple stock so we have solid that basically you can hold a stellar is version of that asset and you can redeem it by deposit giving it back to the anchor who will give you that value on the other chain so yeah there are also criticized other cryptos represented for sure
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"Maybe the boring company not so much but space x neuralink certainly have that potential. And i'm sure we'll see some comments today arguing for the boring company as well but are those investors really going to be okay with some sort of merger that would effectively be swapping their stock in this individual company for a share in this larger company that potentially because of the size of a larger company has less upside personally. I don't think so. I mean even if you get a one hundred percent two hundred percent premium on the evaluation. I don't think a lot of investors are going to be super happy with that even if they still have you know ten tax upside in the new parent company so it's a really tricky situation. I think there are a lot of good arguments on both sides. And i think every individual probably falls somewhere on a spectrum in terms of whether they would prefer it or not so i would love to hear people's thoughts in the comments today personally for me approaching things primarily as a tesla investor. I would probably be more towards the prefer side of the spectrum but definitely still need to think about it but for me i do have a very long time horizon for my tesla investment. I don't care if that becomes even longer with the addition of space x the dish neuralink with the addition of boring company. With whatever else must comes up with. So i wouldn't mind what i expect to be. Tesla's berry abundant resources in the future going to help fund these other growth ideas and i think if they were to all merged today and even if there were premium valuations paid in terms of tesla stock versus these other companies stock. I still think those other companies are probably more undervalued than tesla especially neuralink because that is so early stage it would carry a relatively low valuation right now but potentially could be the biggest of awesome. If i were a neuralink investor though i would definitely not want this to happen. I'm not sure exactly what. Valuation is but pitchbook last year estimated to be around half a billion dollars. I'm also not sure what musk's stake is. It might not even matter what other investors think but even if under some merger scenario it carried a nominal value ten times that five billion dollars. While you've got next and then the parent company that would have to tax again to get you to one hundred x versus one hundred x on its own would just be a fifty billion dollar market cap even if it was half diluted still hundred billion dollar market cap if neuralink successful while they're definitely going to get that market cap and i think they could even get a thousand x. or more and that's just never going to happen if it gets folded into a parent company that carries evaluation of. Let's say eight hundred billion to a trillion dollars. Maybe at best that you know twenty x.'s. Way way down the road maybe more. But you're diminishing your upside and people that are invested in companies like neuralink are not super interested in diminishing. There may be wasted words though. If musk does own enough of the company he could just make that decision and it might not matter so let me know in the comments. If you'd be for or against this let me know a little bit of the reasoning behind that and try to approach it from not. Just a tesla investor perspective but from a feasibility perspective. If you see this ever actually happening all right. Let's move onto the next topic here and that is very important interesting news on solar so over the last couple of days. The united states congress has passed a covid relief stimulus package and as a part of that package the us solar federal investment tax credit would be extended for residential.
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"But there could be sub ceos for the individual business lines so that kind of gets to the point on management gail gets to the point on organizational structure and then really that brings us into allegations and this is probably the primary reason. I could see something like this really making sense for you on moscow. I mean what has he said he wants to do. He wants to take his prophets from tesla to help make a civilization on mars if he wants to do that it's very capitol inefficient for him to try to sell out of his stake or borrow against his stake in tesla to fund that versus just having in apparent company or actually use some tussles balance-sheet directly to fund some of that stuff from musk's perspective. It seems to make complete sense to want to do that. The question then becomes okay. Does it make sense for other shareholders. That's a big conversation in and of itself and we'll come back to that one but let's finish out. These reasons here was independent operations. Obviously in the case of musk's companies those are already operating independently. So that would not be a benefit like it would be alphabet you'd actually be looking for more closely linked operations in a parent company here whether that would be through. Recruitment more flexibility of moving talent around within the various organizations perhaps greater collaboration on different projects. We know tesla and spacex already do quite a bit of that currently. So you'd really looking to simplify and better capture the synergies that may exist across these various organizations. The other one there was antitrust. I don't think that's going to be particularly important for tesla them automotive market even if tesla does capture massive cher even if they do deliver twenty million vehicles per year they're still only going to have twenty five percent share. I think the antitrust concerns would potentially come into play if tesla is the only autonomous vehicle network provider but even if it is monopoly type of situation there's nothing wrong with monopolies legally the only thing wrong with monopolies is if you're exploiting them and i just don't think that tends to be an tesla's nature so maybe they would face some criticism or something like that but legally i don't really see that becoming too much of a concern and again since these businesses all kind of operate independently already by bringing them altogether. You're really just bringing more merit to an antitrust case. I think so all things considered there quite a few benefits that could potentially attained. We'll go through a little bit of the cons as well but on one hand you actually have tesla having already done something like this with the acquisition of solar city and a lot of these reasons applied under that circumstance especially the shared balance sheet and capital allocation about that acquisition in elon. Musk's master-plan part. Do he wrote that. The intent was to quote create smoothly integrated and beautiful solar roof with battery product. That just works empowering the individual as their own utility and then scale that throughout the world one ordering experience one installation one service..
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"Why in your opinion to think say like everyone didn't get it but there are a lot of analysts out there who maybe just didn't get it or just. Maybe i don't know if you didn't get it. Or if they were just emphasized if it says sizing the risks the current like risk two thousand eighteen two thousand nineteen at the. Did it like really factored in. You know what's going to happen this your next year following years or was it something else. What's your take on like how this story is misunderstood. Oh i think it's it's a combination of a lot of different factors like you. Have you have analysts that are forecasting tesla to be able to ever produce or sell anything close to multiple hundred thousand model threes per year. Which at the time. If you don't know a ton about tesla kind of makes sense it's like okay. This you know this electric vehicle and the market is less than one percent like this is not going to be the top selling car in at segment. That's a pretty easy statement to make. But if you fall tesla more closely and he you know you've talked to people that have driven tesla's or you've driven test of yourself you can't understand like oh it's cars like this game changer. And like obviously this is going to be the best selling car. Because it's you know at forty thousand dollars fifty thousand dollars. It's way better than anything else that you're going to get out there in terms of the value proposition. So you kinda have those competing schools of thought of why. Why would this car ever sell this well versus like oh clearly it's going to sell better than its competition so on the analyst side i think you have you know they fall more in that first category of saying like trying to use benchmarks and using the stopdown analysis like okay. Maybe tesla takes share one percent up to two percent or something like that and they sell you know fifty thousand one hundred thousand of these model threes and they put that in their model while. You're never going to get to profitability with that sort of what those order numbers some. That's a part of it and then you have them looking at okay the margins on the model s. right now our you know twenty to twenty five percent in general at that period of time and that's ninety thousand dollar car like okay. How how tesla gonna take that and go to this. You know slightly smaller car. And all of a sudden sell for thirty five thousand dollars and then make margin on that so you have them putting in super low margins you know maybe five percent ten percent gross margin which isn't going to be enough to cover operating costs so then you never have them flipping over. You have low scale you have low margins and that's never going to flip over in a profitability and to their credit like it's fair to be skeptical of those things. It was kind of a difficult thing that tesla has done. You know tesla fans kinda get it and it was sort of expected but it's unprecedented and this is like insane. What tesla accomplished so. I can't fault anyone for not necessarily predicting that you know especially with analysts that have to you know have to have something that is defensible in their argument from like air in their analysis from a numbers perspective and a lot of that stuff at that time..
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"That's already after accounting for billions of dollars of capital spending so with this race or even without this race. I think tesla is in a great spot from a cash perspective but over the next ten years tesla's gonna spend a lot on. Capital expenditures will through the math coming out of battery day and it looks like about one hundred billion dollars that tesla's going to need to spend just on battery cell production not even accounting for vehicle production over the next decade. So yeah you can be as confident as you want. And the ability of the business to produce the necessary cash for that kind of an investment but if you can raise another five billion dollars at zero point eight percent dilution while it's probably not a bad idea to do that and de risk of it. This capital rate is also likely means that if tussle does want to tap debt market at all to raise capital they should be able to get that debt at a lower interest rate because of their stronger balance sheet due to this extra cash on a similar line of thought. This may lead to increase credit ratings from moody's or the snp all at so. What about the timing of this as we said tesla has actually raised this capital yet so we can look at the at the market offering a from early september to get a better idea of the timing tesla announced that on september first and they completed the sale of five billion from that offering on september fourth so announced on tuesday just like today and then completed on that friday. I would expect probably similar process here but what this does open. Up is some flexibility for tesla to have available if they do want to wait until the snp inclusion next week remember. We're looking at the index tracking funds needing to buy somewhere around one hundred fifteen million shares at seventy plus billion dollars in tussle stock. So this offerings not going to do a whole lot to satiate that demand but could help just a bit tussle says that if this offering had proceeded at the last closing price of six hundred forty one dollars per share the assumed five-billion-dollar offering would be about seven point eight million shares compared to one hundred and fifteen million in need doesn't go a long way but it does do something if we take a quick look at the stock. Of course. we'll have to see how things transpire throughout the day. But right now about forty five minutes into open. Tesla is trading down about two percent to roughly six hundred thirty dollars per share. My thought is that's just sort of that. Initial first reaction of oh tests raising capital. What solution every of tesla's raising capital at this price. They must think that this is a high price for the stock. So i think that's kind of the initial reaction..
"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" Discussed on Tesla Daily: Tesla News & Analysis
"I think there are probably some funds that specifically don't hold companies that are in the s. and p. five hundred More potentially growth oriented funds. Maybe they just filter those companies out because at that point you know they've already made it. I guess quote unquote but obviously you can see significant appreciation in companies happen after the s. and p. five hundred ads them You know tons of for companies and if you look at the rate of return on the s. and p. historically It's been good so. I don't think there's going to be a huge contingent of funds that would want to sell now based on. This will probably be a small little drunk but Probably anything too significant. Especially knowing the fact that they're not tussles not getting promoted from the from the mid cap fund So where does the fifty one billion go. Is this cash to tesla. No this is nothing. There's not gonna be any purchase of new shares from tesla unless tussle decides to do an additional cavalry's off of this. The fifty one billion is just the total amount of assets that need to be held in terms of actual tussle stock. So like if you own one share of tesla you have four hundred. Fifty dollars invested in tesla. This is just the same thing. It's just saying these funds need to own one hundred fifteen million shares of tesla and the value of the shares. That they own is going to be around that fifty billion dollar level. So it's just an it's just a matter of where where the value of those tesla shares. Sit there's nothing new there that value already exists. People are already holding that it's just they'll have to sell that you know. They'll sell their fifty one billion dollars of shares to this purchaser of fifty one billion dollars of shares It's just a transaction. There's no no benefit tesla other than the fact that presumably the shares are going to be locked up by term holder. Now that sort of the snp and all the tracking funds are You know in theory going to be. That's a real question though are had. So here's one from moran at says the stock splits again down the road to the indices need to hold those as well. It seems like the small quantity of shares and float might make things more volatile A little bit confused by the wording of the question. I think i think what you're getting after his. Would there be any impact on you. Know the one hundred and fifty million shares that need to be held by the asam mpn tracking funds. If there were another stock split essentially the answer you know from at the best that i possibly could understand it. Is that when there is a stock split. It really doesn't change too much in that. There's some theories out there that may be. It affects people that have naked short positions open which we haven't gone into detail on that but largely i think for our purposes. We can consider that a split wouldn't another split one really have too much of an impact And certainly not on the funds. They would just they still need it. It's waited on market cap and a split doesn't affect the market cap so it doesn't affect the waiting which means that there's no effect on the share count that needs to be held by these funds so really that would be a non event in terms of the snp you know index funds and the level that they need to hold our. I think that's about sorry if i missed any questions..
"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" Discussed on Tesla Daily: Tesla News & Analysis
"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. so I think no matter where we slice this equation, there is something that's confusing which my intuition says is likely due to some software rather than hardware think Tesla, probably just did not update one of these things before whether that was the Model X. Long-range version or the ranges on these performance I don't know, but it seems like. Something just isn't quite fitting from a hardware perspective on those vehicles, and then we of get into that same situation. Now again, with the model three where we're seeing that ten percent increase on the long range but only a five percent increase on the standard plus and the performance, and again, the long range and the performance should really have that same battery pack and I can't. Imagine. They both don't have the heat pump same with the standard range. So it's unclear what is causing that variants for the all wheel drive long range compared to those other versions somehow model why actually looks like the simplest update here we see three percent improvement on the long range on performance of four percent improvement on the performance. So that could be explained by Yoursel but. Then maybe you're looking at the heat pump only giving one to two percent improvement for the model three standard range and performance, and that doesn't add up. So it's all very confusing. I would love to have your help I feel like the more I talk about this, the more I get confused. So let me know what your take on all this is in the comments. I think we can just safely sum it up by saying Tesla has improved the lineup today I. Think this is GonNa pull a lot of people off the fence that have maybe been waiting for an update and just like we talked about what the Model S. I think this is going to basically secured the demand required for this quarter especially for the s the three and. The axe with depending on battery constraints should seem to have at least a little bit of extra production capacity. So again, let me know your thoughts just a quick scheduling update here to close it out. The next episode will be the earnings preview episode most likely. I'm not sure exactly when I complete all the work I need to do for that. So I'm hoping that episode. Will come out later on Monday, but it might push into. Tuesday if that takes a little bit longer, but I will get that out as soon as I can. So that's why I recommend subscribing signing up for notifications and make sure me on twitter at Tessa podcast but that'll do it for today and for the week and I'll see early next week earnings week. Thank.
"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" Discussed on Tesla Daily: Tesla News & Analysis
"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..
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"You know hour and a half long presentation about battery and manufacturing technology, all these things that Tesla went through. But soon as battery that happens, they need to have their article out like that if Tesla can pull. Together a super clean, super simple press release for some of these things I. think that's GonNa go a long way in terms of getting better coverage anyway getting back to the interview Ilan did talk a little bit about the stock price. Again, as I said earlier, he says quote I think some critical mass market as concluded that Tassell Win I. Guess I mean I've gone on record already as saying, I, think, the stock price is a bit high that was well before its current level. But if you also ask me do I think Tesla will be worth more than this five years i. think the answer is yes and So again, it's a bit of a paradox I think when you launch talks about these things but I think essentially what he's trying to get across the point he's trying to make is that a lot of execution risk still exists he made that point a few times during the Battery Day presentation there is no certainty that Tesla will be able to achieve all of this be able. To generate a trillion dollars a year in revenue, be able to earn enough money on that revenue to be valued as one of the most valuable companies in the world which they to some extent already are. But at the same time you on is confident in the roadmap put in place. If they can execute on that road map, which yawn believes they can do well then in five. Years The stock price probably will be higher as far as the fundamentals of Tesla's business go you did say the Tesla is not in mortal danger now, like they were three years ago and saying like they pretty much have been since their inception. So we've heard you talk about that in the past saying the model three was sort of the last bet the company type of move and. Now, Tesla has a clear path to free casual flow positive going forward. So from there, let's put a pause on the interview. We will come back to a portion of it later in the episode though, and let's move onto some tweets from Ulan few days. The first couple here are on the total market for electric vehicles and the growth that is going to happen over the next five. To seven years so Ilan in reply to a tweet from Kathy what at ARC, which suggested that electric vehicle sales could go from about two million vehicles per year now to about.
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"When explained like that I think you can start to see how all these little seemingly little things can be combined into very powerful tangible improvements to both vehicle and the value of the vehicle to the customer yuan on has set at best a couple of times. Now, I decide the pace of innovation is what matters and then today if you listen very closely he. said that pace has actually been accelerated tesla right now is innovating more rapidly than they ever have before and their past. These are the details that make me extremely confident that Tesla will have the best value proposition in automotive and stationary storage. Now, it's just a matter of how fast, how fast can tesla do these things that they have set out to do so far Tesla has said one hundred gigawatt hours in twenty, twenty, two, three terawatt hours by twenty thirty. But even just that first milestone one, hundred gigawatt hours again, that's about two and a half times Tesla's today. That's one point three, million, seventy, five, kilowatt hour. Battery Packs, and that's just from tussles internal production they will continue to scale with their external partners as well. Meaning could easily be targeting some number above two million vehicles for twenty, twenty two. That's about the size of BMW I. Think Tesla with the advancements that they announced today to have no problem selling at those volumes. So I think there's a ton to be excited about here. There are a couple of things that we still need more details on Tesla to acknowledge. Didn't really talk much about cycle life I. Don't think they said anything about a million mile battery. This is just a matter of the Tradeoff Tesla wants. To make though again, they already have that capability that technology already exists and being utilized and tussles energy storage products. So if and when Tesla feels like the value of that is such that it should be included that can do that. But hopefully, we'll get to hear more about that at some point in the future, and then the question that I was going to ask our next in line before they switched over to the say questions was about charging rates they didn't really talk about this I. Think they should be able to either improve the charging rates. Again, they said two hundred and fifty kilowatts plus at Cyber Chuck. Unveil. So my guess is that Max rate does eventually come up and I also believe that the curve the charging curve should move..
S13E26 The evil eye - burst 5
"Using facebook and Snapchat, even try mastodon server is zero. My goal is a world where free software options dominate the market and we guaranteed not to move in that direction. If we stay inside a tiny echo chamber I, suppose F goals but not their strategies adequately per night agree with that sentiment. Gary, food emailed us a document when Alan mentioned that he enjoyed his test drive in his next Pope Mobile Tesla. I thought you were going to expand on the they reportedly have modified up into running on infotainment systems also, Martin may be interested to know that you can play. Driving Games on the center screen using the cost steering wheel while waiting to charge the so I can't give too much away here but I'm very much aware of that because the the software studio that makes those games the Ron has, does we partner with a canonical for a product we're working on
"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.
"tesla" Discussed on Talking Tesla
"All right so this is just a little bit of a wrap up we've been sitting here robin i we we've had niko in a headlock and a half nelson and finally after he became very dia foretich and nauseated and feeling like he couldn't handle it anymore he decided he would divulge an inland story to us yes the day that i met ilan that's exactly right and and i run enough rob's was actually there for that meeting and watched my twenty one year old self have a little bit of a moment with we as people like to call him and i am going to be releasing the video and the story about when i met alone on monday what the the data's okay it's in a couple days could be listening to this in you know twenty twenty yes you'll see it online so it'll be online on your channel youtube channel tesla van life really uncle yon knowing that now goalie uncle uncle uncle e a lot of people do i'm kalihi it's actually public to it is all someone talk about it rolls off the time i damn i wanted to be the first one to call yeah i have never heard it so i have to say that this is it it is i will make talking tesla that's right you've heard it here uncle that's today is it is his birthday today is on kelly's birth wrecked so ugly happy birthday sir have forty seventh yeah hi five out.
"tesla" Discussed on Talking Tesla
"The air compressor noise it won't take up the entire space but where you're generally sleeping it'll keep it nice in out a lot of padding to where you are in particular yes i definitely need to investigate that for sure and one thing about our is they stand behind their products much like another company we typically talk about here you can get things replace they also you know having a patch kit would be key i've used the rei they have a pretty good at least inch to inch and a half thick foam pad i've slept on that you know when we go to like yosemite and it's actually really impressively comfortable so i'm sure that there's a good mix if you have figured out one for yourself out there and talking tesla nation send us align with your recommendations or hit me up on twitter at r s e n b l the are i may no longer stand behind water bottles with notches in their lives that's true they may refuse they say yeah we heard that on your your podcast we're going to advocating using your tesla's a urinal hashtag bam life that's right that's exactly right excellent cost of living that was the other topic why are you doing this nego yeah so you know god a model x that's a freaking expensive car and so you know this is like living off of the not off the grid exactly but kinda living off for really rich people right niko you're you inherited what ten million dollars to do this i sure wish no i did stumble upon a good deal on the car i mean also you can find us tusla's that pretty reasonable prices although today we looked up on the tesla inventory search website eric's website and there were only two model x's on product.
"tesla" Discussed on Talking Tesla
"You don't have light so it does make it easy you just kind of throw it on the hip and you just get it over there and about being about a boom but then the question comes what do you go to what about it i don't know i don't know but when you have to go over to the question becomes what you knew and really nothing sponsorship well the nicest rv that you can possibly think of that's where i go i asked people around fight you know gas stations are open and twenty five gyms there's really those are where and luckily i'm not as old as these guys yet and i can control my bodily functions and you're pointing at both robert a nice sporty let's go post forty yeah well you know when i was i did a lot of backpacking and camping and mountaineering and we used to carry now gene bottles which were very handy wide mouth as you say leader the problem that i discovered firsthand was that you know it's the night you're in a in a snowbound place in in a very nice warm sleeping bag and you manage to do exactly what you described unzipping boom you lean to the side exactly and then sometime later in the night you realize you're at altitude your mouth is parched you really thirsty and you don't really wanna wake up but you're reaching around for bottles and you find a bottle that's full and so the trick is this modify the cap so on analogy you could not the cap with a knife without cutting all the way through it so that if you start to unscrew your bottle and you feel a notch you must re tighten the bottle and find another bottle it's perfect the haptic feedback for knowing that it's a pistol versus a drinking so that's that's a glorious tip that i'm glad we covered completely till we have branded tesla glam ping bottles of for pissing yeah for pissing exactly all right talking tesla nation get to twitter now and make happen everyone elon musk tesla pissed bottles hashtag tesla pissed model excellent so i wanna know specifically what are you sleeping on because if i go ahead and make an investment and some kind of a mattress or a or a blow up thing i won't have a comfortable night's sleep yeah i think.
"tesla" Discussed on Talking Tesla
"Hey ladies and gentlemen boys girls mel hubbard here for the talking tesla pud cast we are going to do a new little thing here on token tester and that is every month we're gonna get the three guys together the three and it's we're gonna talk about tests i'm gonna make fun of each other it's gonna be good tops but also between episodes every now and then we're gonna check in twitter episode something a little bit different maybe interview with an expert or something like that and this month in july robot has two friends and they wanna talk about how you road trip in a tesla and not just road trip we talking stream road tripping so enjoy this episode that we are calling a token tesla tween a t t i robert rosenbloom and i'm joined by two guys who know bid or two about tesla i'm rob jones and i'm nico novello and these guys are kind of special special because they've probably spent more time in a tesla collectively than mel and i and tom and our families and probably most all of the listeners on the show since all twenty five of you tune in every week so let me start off by just giving a little introduction prob was one of the first people maybe the first person that i know of who drove a model sixty before there were superchargers to the four corners of the continental united states i mean like really four corners and he did it using like rv parks and wall plugs and i don't know it's just crazy to think about and that was long ago that was before even bought my model s in july or june it was june of twenty thirteen and have a little story on that one too and nico was a guy who was living the dream for tesla he's got stories that he can't tell me or somebody's gonna come cut his head off and then he quit and he's living in a model x and he's living in the model x and due to being about it and i watched some of these youtube some of them are painful to consider but you know it's kind of romantic and it's got me thinking wow do i want to give up my house and do i wanna quit my job and do i wanna go on a walkabout or i guess technically we'd have to call it a drive about and so i thought this is summertime what summertime good for road trips road trips and vacations and adventures and you could get on an airplane and you could fly i dunno hawaii the caribbean wherever and burn a ton of carbon and then you get there and you live in a resort with a lot of air conditioning and all kinds of carbon being burnt on your behalf and then you could rent a car and burn a ton more carbon or you could just getting your tesla and plug it in and go around the country and have an adventure and if you're in europe it seems like it would be even easier because the superchargers seem to be really high concentrated and i don't know about you guys but for me i'd love to see europe when my not yeah except that i don't think we can plug our cars in there now no no so tell me co where did you sleep last night as a good question i was on my way here and i slept in the tusk darrow sue parking lot nice yeah i'm trying to remember there's like a starbucks says danny's their denny carl's junior i've frequented that one that one's like home number three okay they know you and you go in for your grand slam breakfast exactly yeah for nice at four am we'll the are open twenty four hours aren't they i think so yeah tuscan arizona cool place i know you probably slept in a structure rob i had about two and a half months of sleeping in the car cational hotel but i was on a extended road trip and there wasn't supercharging so it was reduced jess car camping and i brought a tent along with the idea of glam camping and you know making it big nice experience in my wife and i are actually fiance at the time and then just became ways to sleep in the car actually i was going to introduce this as this you know i think you've written it was a fifteen thousand mile road trip and he did it with two girls which i thought wow isn't that something i should like dream about your setups on tirlian well it.