TSLA’s Worst Day Ever, Tesla Completes $5B Raise, Elon Musk & Volkswagen, Delivery Wait Times

➤ TSLA stock has its worst day in history, finishing trading -21%
➤ S&P announces index adjustments, but leaves Tesla and Zoom out of the S&P 500 index for the time being
➤ Tesla completes $5.0B capital raise through follow-on stock offering
➤ Elon Musk meets with Volkswagen CEO Herbert Diess in Germany, test drives VW ID.3
➤ Diess shares thoughts on the Tesla Model Y
➤ Elon Musk discusses Giga Berlin, says vehicle production from the factory will involve changes to the core structural technology
➤ Tesla plans to have up to 8 casting machines at Giga Berlin
➤ Model S, Model X, and Model Y US delivery estimated pushed out to 10-14 weeks
➤ Lucid Air unveiling September 9th at 4pm PST

#Tesla #TSLA #Investing

Plaid producer Who Why
Plaid producer Ice Lakes Investments
Ludicrous producer Fred Hassen
Executive producer Rish Singh
Executive producer Jeremy Cooke
Executive producer Nick Wood
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre/Maria Kent
Executive producer Jeff Sheets
Editing assistance by Jasem Ashkanani
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock & derivatives

[terry]

The Tesla investors in it for the long run are not panicking in fact probably overjoyed with the dip in order to buy more shares at the discounted rate. If you bought high, stay the course and hold, it will recover.

[sohummallapur]

Bought my first TSLA shares today 😁 Bought 5 at 348! That's all I could afford right now and I'm not selling it anytime soon! Hope I got it at the right time!

[hammertimee]

Nobody can comfort me like Rob's voice on a day like today!!! LOL

[mattpahuta]

Sorry Rob, you're not aloud to go on vacation anymore! Too many things happen! Sometimes good though, but this time was bad! Lol. Hope you had a great break! More great days ahead for us & Tesla! Thanks for all you do!

[Yathlee]

Get used to the up and down. Get excited when it’s down to accumulate more. Keep in mind long term fundamental hasn’t changed a bit. As the stock climbs, it attracts more speculative buy.

[SquishyCheddar]

The only voice I trust on Tesla. Support this man on Patreon!

[Dota-bois]

Hey Rob, just want to say I am a big fan. I have never commented on any youtube channel before, nor do I subscribe to many channels... just want to drop a comment to say I appreciate the work. thank you

[donjones]

My stock dropped a huge amount. Great to hear! Now I can afford to buy shares before Battery Day.

[marysvilleguy]

Hope you had a good vacation. Welcome back. Pretty apparent you were missed while you were gone, things just fell apart!
Long term investor in Tesla. Increased my position by 10% today! I’m optimistic about the future!
Anyway, things get pretty exciting going forward ...

[briane]

S&P inclusion not till after 3Qtr results are released. They will want to gain confidence Tesla can continue showing positive results and also get past the hype of Battery Day for either good or bad on information released.

[robpitt]

The voice of calm and reason.
Invest don’t trade.

[mat]

Thank you for this Rob, you have a reassuring manner for sure!

You’re like a lifeboat of calmness in a sea of crazy (none of which I pay attention to but the frenzy around short term volatility is hard to completely ignore).

So many interesting things await us on battery day and beyond. Great to summarise them as you did in this brilliant podcast!

[stevers]

I bought some today (after seeing I lost most ever today .... after making most ever on Monday last week).... BUT... I'm a long term investor NOT SELLING... so this up/down is all noise for now... talk to me in 5 years or more...I'll be all smiles! Glad I bought at a "discount" today.

[jchen]

If tesla drops to 150$ i am selling my house and go all in no cap

[kwong]

Rob, always enjoy your level-headed analysis. To reiterate your call for perspective, on August 11, 2020 TSLA closed at $1374.40 ($274.88 split adjusted). The 5 for 1 split was announced later that day. There was no good reason for it to spike to $498.32 by August 31st; probably exuberance over S&P 500 inclusion, momentum trading, fear of missing out or misunderstanding stock splits. The pull back was not unexpected and is a buying opportunity for long term investors. Nothing substantive has changed with the company in the last month (besides having $5 billion more cash!). In any case, anyone who has owned TSLA for more than a month is still ahead.
Keep up the great work.

[dan]

Zach from Now You Know theorized that VW could be talking to Elon about gaining access to the supercharger network in Europe. Unlike the US, VW does not have their own charging infrastructure in Europe. Also in Europe all EVs have standardized on CCS so any car could plug into a supercharger if it had the software needed to negotiate the connection. This makes a LOT of sense to me and seems like a really good theory.

[sagartewari]

I was really thinking you may have left us high and dry. Glad to see you back!

[tonyggir]

I think the $5 billion stock sale at these high prices is really great. It would be crazy not to sell stock at these high prices with so little dilution. Not many companies could do this. Especially the OEMs

[brettmciver]

Just bought 10 tsla at 358.blah never bought stock before in my life, but have been following tesla for awhile now, so decided to put my money where my mouth is.

[ranig]

Regarding the push out of MY - I would assume they're going to start to ship MY internationally in Q4 to be able to sell more high margin cars in Q4. As for MS/MX, that might be related to battery day. They might already have all the cars they planned to ship in Q3 and are now updating the production lines to the new MS/MX.