Tesla Daily: Tesla News & Analysis
More Earnings Discussion, Performance Model 3, Toyota Adopts NACS (10.19.23)
Oct 20, 2023
Discussion on Tesla's recent earnings report, including analyst reactions and changes in earnings forecasts. Highlighting Toyota's adoption of North American charging standard and potential performance version of Model 3. Clarifying misconceptions about Tesla's affordable car and expansion into Mexico. Importance of maintaining positive cash flow and realistic growth targets. Reflection on a comment made during a Tesla call and its potential impact.
26:05
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Quick takeaways
- Tesla's earnings report showed a downtrend in their stock performance, but analysts maintain long-term bullish sentiment on the company.
- Toyota announced their adoption of the North American charging standard for their battery electric vehicles, highlighting the industry's move towards standardization for EV users.
Deep dives
Tesla's Earnings Report and Stock Performance
Tesla's earnings report showed a downtrend in their stock performance, with a 9.3% drop resulting in the stock closing at $220.11. Morgan Stanley lowered their earnings forecast for fiscal year 24, citing reduced expectations for growth and margins. However, they maintained their bullish sentiment on Tesla in the long term. The podcast also highlighted the importance of listening to the first few minutes of the audio version of the call on YouTube, as it contained valuable insights from Elon Musk regarding downtime impacting production and completing the 10,000 GPU cluster for FSD version 12.
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