Tesla Daily: Tesla News & Analysis

➤ Tesla workers in Berlin plan to establish election committee for works council ➤ Volkswagen supervisory board reportedly meet on CEO Herbert Diess’s future ➤ Tesla adds stops feature in new software update ➤ Musk comments on Model S in China ➤ New permit for Tesla Megacharger ➤ Tesla appoints new legal counsel ➤ England establishes EV charging requirements ➤ Japan adjusts EV incentives ➤ GM starts production of all-electric Hummer, sets delivery date target Twitter: https://www.twitter.com/teslapodcast Patreon: https://www.patreon.com/tesladailypodcast Tesla Referral: https://ts.la/robert47283 Plaid producer Who Why Executive producer Jeremy Cooke Executive producer Troy Cherasaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Jeffrey Yu Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans Music by Evan Schaeffer Disclosure: Rob Maurer is long TSLA stock & derivatives

➤ Elon Musk comments on JP Morgan lawsuit ➤ Leaked Elon Musk email gives insight into management style ➤ Updates on Giga Berlin as public commentary period ends ➤ Tesla files registration paperwork for Giga Texas ➤ Tesla starts education program in Austin ➤ Discussion on CNN’s review of Tesla’s FSD Beta ➤ IDRA Group to hold open house (https://bit.ly/3nF1UIv) ➤ GM provides production update on Chevy Bolt Twitter: https://www.twitter.com/teslapodcast Patreon: https://www.patreon.com/tesladailypodcast Tesla Referral: https://ts.la/robert47283 Plaid producer Who Why Executive producer Jeremy Cooke Executive producer Troy Cherasaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Jeffrey Yu Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans Music by Evan Schaeffer Disclosure: Rob Maurer is long TSLA stock & derivatives

Alex Potter joins Rob Maurer to discuss the strength of Tesla's business, excellent Q3 results, challenges for competitors, short to long-term outlooks, valuation methodology, various business lines, FSD Beta, Tesla Insurance, Rivian, Lucid, and more. 0:00 Tesla's Q3 results 3:35 Tesla's margins 8:51 Legacy automaker challenges 12:12 EV awakening & secondary impacts 20:50 Can Tesla's growth rate accelerate? 25:39 Is this a transitory period? 30:18 Structural profitability 33:12 Tesla compared to Amazon 36:19 Valuation methodology 44:03 Investor regret 45:37 Tesla service business & warranty reserves 59:27 Are legacy auto bankruptcies coming? 1:12:35 FSD Beta 1:21:21 Elon Musk stock sale 1:25:06 EV SPACs, Rivian, and Lucid 1:31:40 Rob's hair... Disclosures for universe of: Alex Potter 1. I or a household member has a financial interest in the securities of the following companies: none 2. I or a household member is an officer, director, or advisory board member of the following companies: none 3. I have received compensation within the past 12 months from the following companies: none 4. Piper Sandler beneficially owns 1% or more of a class of the following companies: none 5. Piper Sandler has had a client relationship or has received compensation for investment banking services from the following companies within the past 12 months: ACVA, DASH, LILM, SFT, TSP, UBER, VRM 6. Piper Sandler expects to receive or intends to seek compensation for investment banking services from the following companies in the next 3 months: LILM 7. Piper Sandler was a managing underwriter of a public offering of, or a dealer manager of a tender offer for, the securities of the following companies within the past 12 months: ACVA, DASH, SFT, TSP 8. Piper Sandler has had a client relationship and has received compensation for non-investment banking securities related products or services in the past 12 months for the following companies: none 9. Piper Sandler has had a client relationship and has received compensation for non-securities services in the past 12 months for the following companies: none 10. Piper Sandler is a registered market maker for the following companies: none 11. Piper Sandler will buy and sell securities on a principal basis for the following companies: ACVA, APTV, ASPN, CARG, CVNA, DASH, LILM, LYFT, NIU, SFT, TSLA, TSP, UBER, VRM #Tesla #TSLA #Investing Plaid producer Who Why Executive producer Jeremy Cooke Executive producer Troy Cherasaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Jeffrey Yu Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans Music by Evan Schaeffer Disclosure: Rob Maurer is long TSLA stock & derivatives

➤ TSLA stock finishes the week up 10% ➤ Speculation running rampant of potential TSLA stock split ➤ Wedbush Securities raises TSLA price target ➤ Tesla discloses Powerwall installations ➤ New Megapack project in the UK ➤ Giga Berlin activity update ➤ Budget containing US federal EV tax credit moves to next step ➤ President Biden comments on EV progress ➤ Tesla updates Model 3 in China ➤ Updates on lawsuits against Tesla ➤ New Tesla app update ➤ Volkswagen production ➤ SpaceX update ➤ Schedule update Twitter: https://www.twitter.com/teslapodcast Patreon: https://www.patreon.com/tesladailypodcast Tesla Referral: https://ts.la/robert47283 Plaid producer Who Why Executive producer Jeremy Cooke Executive producer Troy Cherasaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Jeffrey Yu Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans Music by Evan Schaeffer Disclosure: Rob Maurer is long TSLA stock & derivatives

➤ JP Morgan is suing Tesla in relation to disagreement regarding “funding secured” saga (https://bit.ly/3niGY9X) ➤ Elon Musk continues selling TSLA stock as more options are exercised ➤ NHTSA confirms information request on FSD Beta collision ➤ NTSB concludes 2020 Tesla investigation ➤ Update on US federal EV tax credit timeline ➤ Volkswagen makes changes in China ➤ Investment funds add Tesla stock ➤ Infrastructure bill changes headlight laws Twitter: https://www.twitter.com/teslapodcast Patreon: https://www.patreon.com/tesladailypodcast Tesla Referral: https://ts.la/robert47283 Plaid producer Who Why Executive producer Jeremy Cooke Executive producer Troy Cherasaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Jeffrey Yu Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans Music by Evan Schaeffer Disclosure: Rob Maurer is long TSLA stock & derivatives

➤ Elon Musk explains the mechanics of his ongoing sale of Tesla stock ➤ Reported China production numbers ➤ Tesla Semi spotted charging, Musk comments on Pepsi deliveries ➤ Starlink receivers spotted at Tesla locations ➤ Toyota teams up with other companies on engine development ➤ Canada comments of US EV credit structure ➤ Motor Trend selects 2022 car of the year Twitter: https://www.twitter.com/teslapodcast Patreon: https://www.patreon.com/tesladailypodcast Tesla Referral: https://ts.la/robert47283 Plaid producer Who Why Executive producer Jeremy Cooke Executive producer Troy Cherasaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Jeffrey Yu Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans Music by Evan Schaeffer Disclosure: Rob Maurer is long TSLA stock & derivatives

➤ Elon Musk continues selling TSLA stock ➤ Tesla raises prices for the fourth time this quarter ➤ Model Y range and acceleration updated in China design studio ➤ Elon Musk gives an update on FSD Beta 10.5 ➤ Tesla sales in Norway Twitter: https://www.twitter.com/teslapodcast Patreon: https://www.patreon.com/tesladailypodcast Tesla Referral: https://ts.la/robert47283 Plaid producer Who Why Executive producer Jeremy Cooke Executive producer Troy Cherasaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Jeffrey Yu Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans Disclosure: Rob Maurer is long TSLA stock & derivatives

➤ First FSD Beta crash reported to NHTSA ➤ Catching up on the remaining Form 4’s filed by Elon Musk to sell TSLA stock, and where things go from here ➤ Updates to Model S and Model X expected delivery timelines ➤ Jay Leno’s Garage featuring Model S finally airs ➤ New feature coming to Tesla vehicles ➤ More police fleets adopt Teslas ➤ Update on US federal EV tax credit Twitter: https://www.twitter.com/teslapodcast Patreon: https://www.patreon.com/tesladailypodcast Tesla Referral: https://ts.la/robert47283 #Tesla #TSLA #Investing Plaid producer Who Why Executive producer Jeremy Cooke Executive producer Troy Cherasaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Jeffrey Yu Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans Editing assistance by Jasem Ashkanani Music by Evan Schaeffer Disclosure: Rob Maurer is long TSLA stock & derivatives

➤ Elon Musk files Form 4 disclosing sale of Tesla stock, but some uncertainty remains ➤ Bank of America increases TSLA price target ➤ Elon Musk tied to new land purchase in Texas ➤ Wait times grow for Model Y in China ➤ Rivian completes initial public offering as shares soar ➤ BMW resorts to incomplete vehicles due to supply issues ➤ Select governments and automakers commit to zero-emissions vehicles while others abstain ➤ Nvidia shares more details on next-generation autonomous driving product ➤ Australia commits funding for EV charging Twitter: https://www.twitter.com/teslapodcast Patreon: https://www.patreon.com/tesladailypodcast Tesla Referral: https://ts.la/robert47283 Plaid producer Who Why Executive producer Jeremy Cooke Executive producer Troy Cherasaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Jeffrey Yu Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans Music by Evan Schaeffer Disclosure: Rob Maurer is long TSLA stock & derivatives

➤ Tesla’s valuation drops by nearly $150B in one day, its biggest single-day drop ever ➤ Was the drop driven by Elon Musk selling stock? ➤ Congress passes trillion dollar infrastructure bill ➤ Hertz completes re-listing on Nasdaq, comments on Tesla deal ➤ Tesla begins replacing cameras for FSD in older vehicles ➤ Quebec confirms discussions with Tesla ➤ Tesla Toronto Automation ➤ Ford / Volkswagen CEOs comment on Tesla ➤ Rivian prepares for IPO Twitter: https://www.twitter.com/teslapodcast Patreon: https://www.patreon.com/tesladailypodcast Tesla Referral: https://ts.la/robert47283 Plaid producer Who Why Executive producer Jeremy Cooke Executive producer Troy Cherasaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Jeffrey Yu Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans Music by Evan Schaeffer Disclosure: Rob Maurer is long TSLA stock & derivatives