>> WELCOME BACK GENTLEMEN IS
EVERYONE IN NEW TESLA MAY BE
READY TO HIT THE ROAD
IN CHINA, THE ELECTRIC CAR
MAKER REPORTEDLY PLANNING TO
DELIVER THE FIRST MODEL THREES
BUILT INCH AND HIGH ON MONDAY
AND JOINING US NOW
IS DAN IVES MANAGING DIRECTOR
OF EQUITY RESEARCH AT WEDBUSH
SECURITIES DAN WHAT IS THE
SIGNIFICANCE OF THIS DELIVERY
DAY.
>> YOU'RE LOOKING IN
FUNDAMENTALLY CHINA IS REALLY
THE FUEL IN THE ENGINE FOR
TESLA AND THAT'S REALLY THE KEY
THE
FULL STORY. THE THING THAT GETS
3 INCHES OVERALL DEMAND FOR YOU
IS AHEAD OF
HE SHUNS AND REALLY
FUNDAMENTALLY TO $100 SWING
DEPENDING ON HOW SUCCESSFUL
CHINA IS POSITIVE STEP IN THE
RIGHT DIRECTION FROM AUSTIN
FREEMAN, ESPECIALLY AS CHINA IS
REALLY T THEY'RE BOTH ISIS AND
2020.
>> YOU DID GIVE TESLA OF COURSE
A PRETTY BIG BUMP IN YOUR
LATEST NOTE BEARD AND I THINK
PERCENTAGE THEIR VIEW EARLIER
THIS WEEK AND LIKE DEJA VU WHO
SPOKE WITH YOU NOT LONG AGO.
WHY WHY THE OPTIMISM THERE MY
FRIEND.
>> AND HE WILL TELL US IT'S ALL
ABOUT THEM AND DEMAND IN EUROPE
IS CLEARLY HAD EXPECTATIONS
ABOUT 10,000 KAY
HAD EXPECTATIONS. THAT'S REALLY
GOING TO GROW THEY THINK THE
KEY FOR A NAP RIGHT RUNNING
MATE 10 K. THE BOOK
A HISTORY. THE GOING TO 2020
RIGHT NOW IN TERMS
OF THAT JETTY THAT AND CHINA
YOU'VE GOT TO BE MORE
OPTIMISTIC. WE AS WELL AS MANY
OTHERS KEPT THE GOAL THEY COULD
YOU DO IS I THINK TO
SOME EXTENT PROBABLY MUST ONE
OF HIS BIGGEST ACHIEVEMENTS
WITH THE BACK AGAINST LAW
EARLIER THIS YEAR'S RESORT VERY
DARK
IT IS.
>> AGAIN IT, I'M STILL NOT
CONVINCED THAT THIS IS A MASS
MARKET VEHICLE, THE MODEL 3 I
THINK FOR PEOPLE THAT HAVE
MONEY RIGHT YOU CAN STILL
AFFORD IT, BUT EVEN THE LOOK OF
IT ISN'T
NECESSARILY A A MASS MARKET
VEHICLE DO YOU THINK IT'S FAIR
TO CALL MODEL 3 A MASS-MARKET
VEHICLE AS WE WRAP UP THIS
DECADE.
>> I WANTED YOU TO CALL THE
MASS MARKET VEHICLE YET.
I THINK ULTIMATELY IT'S
REALLY NEEDED DETERMINED BY
WHAT HAPPENS NEAR CAN CHINA IN
TERMS THAT MASS MARKET
POTENTIAL NEXT TO THEIR BED IN
A
NASA NEXT. IT'S SORT OF TAILED
OFF WIVES NOT REALLY GOING TO
IMPACT TO 2020 ONCE I'VE TALKED
TO
DOWN 22. SO FUNDAMENTALLY NEXT
YEAR'S DRILLING DOWN MODEL 3
AND I THINK THAT'S WHAT HAS WAS
BATON ROUGE THAT'S A MUSK IS
BETTER THAT IS MORE MASS MARKET
AND WE SO FAR HE'S
IN EUROPE. IT 100 K UNITS A LOT
QUICKER THAN EXPECTATIONS.
>> I'D AN EMPHASIS ON EUROPE
AND CHINA SIDE CERTAINLY JUST
LAID OUT WHAT YOU THINK OF SOME
OF THE PRODUCTION FORECAST LOOK
LIKE FOR THE MODEL 3 BUT WHAT
IS 2020 O'CLOCK SPECIFICALLY
RIGHT AROUND THE CORNER SAID TO
TURN THE COUNTER WHAT DO YOU
SEE FOR THIS COMPANY AND THE
NEXT 12 MONTHS.
>> GETTING RIGHT NOW LINE THE
SANITY STEAM. THE UNIT'S NEW
AND THEY GET ABOUT 4 G K
2, 4, 50. THAT'S THE MAGIC
NUMBER AGAIN TOWARD
500 K UNITS SCHOOL BULLY I
THING IN TERMS 2020 LOT OF IT
COMES DOWN TO IT US
DEFINITELY DEMAND WITHOUT HIS
FLAT LINE TO USE LIGHTS OFF
NEED TO CONTINUE TO SEE THAT
ENDURE AS WELL AS CHINA THAT'S
GOING TO BE
KEY TO HAS A GROWTH STORY AND
WHAT IT WAS HE THE BULL CASE
HERE 5 THE TO 600.
THEIR CASE 200 TO 20 THESE CASE
3, 7,
>> SO WHAT CHANGED I MEAN I
THINK ABOUT THIS TIME OF YEAR
AGO DAN AND A LOT OF PEOPLE ARE
STILL TRYING TO THE FUNDING
SECURED TWEET THAT ELAN MUSK.
OUT YES
OBVIOUSLY THE MASS THAT THE
MODEL 3 IS IN MORE PLACES AND
THERE'S EXPANSION. BUT I'M JUST
NOT CONVINCED
THAT INVEST STARS FEEL VERY
CONFIDENT WITH ELAN MUSK ARE
YOU CONFIDENT IN HIS
LEADERSHIP.
>> AND I THINK THAT CONTINUES
TO BE NEW VERY EMOTIONAL BULL
BEAR PART OF
THE THESIS AND I THINK
FUNDAMENTALLY VIEWER CAN MUST
GETTING SO FAR NAVIGATED THE
CLEAN WELL, ESPECIALLY GOING
BACK TO APRIL IS DEFINED AND
SEEING GOT 2 IN THE PRODUCTION
DEMAND WAS THAT WHAT YOUR
QUESTION I THINK THAT THAT
STILL NEEDS TO PROVE ITSELF OUT
I
THINK DEFINITELY A LITTLE MORE
WITH TOLD THE ROOM TYPE FEEL
THE BEST I'VE
BEEN HERE FOR SNEAK BEEN RIGHT
TO MEET ON SCENE AND NEGATIVE
THEREOF WILL COME OUT OF
LEFT FIELD. SO IT'S SOMETHING
MANY SKEPTICAL INTO A FROM AN
INCH 2 SHUTTLE PERSPECTIVE.
IT'S HARD FOR MANY INVESTORS
TO STILL REALLY GET AROUND THAT
HAS A STORY TO ISIS IS TINA
BULL GROWTH AND PROFITABILITY
IN CHINA FUNDAMENTALLY
REALLY MATERIALIZE.
>> AS I GET TO DO A SWITCH
GEARS ARE WE HAVING FOR THE
LAST 2 MINUTES OR SO MY
FRIEND AUSTIN APPLE HOUR ABOUT
9 50 THIS MORNING AT ALL-TIME
HIGHS TRAINED TO 9356 WHAT IS
SHE GOING REALLY
WELL HERE AT THE END OF 20 19
FOR FOR THE TECH GIANT AS WE
TURN THE PAGE TO 20 TWICE COULD
BE A BIG YEAR FOR APPLE.
>> YEAH, I THINK 2019 IN MY
OPINION COVER APPLES AND
BEGINNING AT THESE WINTER
COOK'S FINEST HOURS REALLY
QUITE
A COUP. HE KNOWS IS STUART YEAR
JUST IN TERMS OF ALL
THE HEADWINDS THEY GOT THROUGH
IN TERMS OF CHINA DEMAND IN
TERMS OF THE TARIFF ISSUE THEY
WERE THE POSTER CHILD,
THE IPHONE 11 STRONGER THAN
EXPECTED IN 19 O FROM OUR
CHECKS KNOW RIGHT NOW IT LOOKS
TO BE A
SUPER CYCLE HERE ARE 5 G THAT'S
GOING TO BE THE KEY GOING INTO
NEXT YEAR AT THE APPLE RIGHT
NOW STILL IN THE MIDST OF
SCHOOL OR IN TERMS OF HOW I SEE
IT.
>> AGAIN THIS LOOKS MORE LIKE A
GROWTH AND A VALUE STOCK TO ME.
>> THE GROWTH COMING BACK TO
COOPER, TINA AND THAT'S WHAT
YOU'RE SEEING IN THE STOCK AND
SERVICES THAT IN PART THE
REREADING BUT I THINK YOU KNOW
OBVIOUSLY THE PARENT. GROWTH
THAT YOU SAW 5,
6 YEARS AGO. HE STARTS THE MID
TO HIGH SINGLE DIGIT GROWTH
WITH CHINA COMING THROUGH
200 MILLION UNITS OR 5 G THIS