LOOK AT
TESLA SECOND WE'RE DELIVERING
NUMBERS SHOW THE ELECTRIC
VEHICLE MAKER PRODUCED AND
DELIVERED OVER
200,000 CARS WITH MOST OF THEM
BEING MODEL 3 YOUR MODEL Y NOW
THIS IS A NEW RECORD FOR THE
ELECTRIC CAR MAKER.
THIS AS TESLA AND OTHER
COMPANIES AND CARMAKERS ARE
REALLY FACING HEADWINDS AMID
THE GLOBAL CHIP SHORTAGE IS
JOINING US NOW TO DISCUSS THIS
AND MORE IS DAN IVES
MANAGING DIRECTOR OF EQUITY
RESEARCH AT WEDBUSH A SECURITY
DAN THANK YOU SO MUCH FOR BEING
HERE. I WANT TO TALK ABOUT WHAT
THIS 200,000 NEW VEHICLES
DELIVERED NUMBER MEANS FOR THE
TESLA STOCK.
>> YOU KNOW AS WE CAN SPEND THE
SHOW TALKING
ABOUT HEADWAY. I MEAN YOU GOT
THE IDEA YOU GOT YOU GOT THE PR
ISSUES IN CHINA CHIP SHORTAGE
THAT YOU JUST TALKED ABOUT IT.
AND THEY JUST HAD OVER
200,000 DELIVERS A CHURCH WHY
THIS IS A FEATHER IN THE CAP
FROM A SKIN TEST SO IT'S
SOMETHING I THINK IT
SPEAKS TO THE UNDERLYING DEMAND
THAT'S REALLY STARTING TO SPIKE
INTO THE 2ND HALF OF THE YEAR
ON THESE GREEN TIDAL WAVE 19
AND YOU SHOULD BACK AGAINST THE
LAW.
200,000 POSTER DELIVERY NOW
THEY COULD BE SORT OF GET INTO
ABOUT 900,000. UNITS FOR THE
YEAR NOW IS SOMETHING THAT WAS
A STRETCH IT BEST IF WE GO BACK
3 MONTHS AGO.
>> I KNOW YOU'RE BULLISH ON
TESLA SO AND SO I KNOW YOU
PROBABLY GOING TO SAY THAT
THEY'RE GOING TO HIT THAT
900,000 MARK DO YOU REALLY
THINK THEY'RE GOING TO BE WHERE
WE'RE AT RIGHT NOW IN TERMS OF
MID WHERE THEY'RE AT WITH THE
NUMBERS OF VEHICLES THAT
DELIVER I THINK IT'S UNDER THE
400.
>> YET TO ROUGHLY ABOUT
400,000 A LITTLE LESS, BUT IF
TYPICALLY BACK AND WOUNDED
RIGHT 4 SECOND-HALF MOST OF THE
CHIP SHORTAGE IS STARTING TO
MODERATE. SO YOU COMBINE THAT
WITH YOU WE'RE SEEING IN EUROPE
CHINA AND THE U.S..
I THINK IT'S GOING TO NOW START
TO BE SOME MORE CLOSURE AND
LEARNED 1000 UNIT WHICH IS
IMPORTANT BECAUSE THIS WAS SURE
THE YEAR THAT YOU'RE STARTING
TO SEE THE NEXT TEACHER GROWTH
HAPPY IN CHINA CHINESE THE
WINCH BEEN IN THE STORE AND GO
BACK APRIL THE MONTH OF APRIL
WAS A DISASTER FOR TESLA
YEAH THE NEGATIVE PR ISSUES,
BIG BROTHER IS CRACKING DOWN IN
THE DELIVERY NUMBERS. WE'RE
UNDERWHELMING YOU SAW THAT NOW
COME BACK IN MAY IN JUNE THAT'S
IMPORTANT FOR THE
OVERALL BOTH HE SAYS IN TESTING
RESULTS AND THIS IS A STOCK
THAT DOESN'T GO HIGHER CHINA'S
AND GO WITH IT.
>> LET'S TALK ABOUT THAT CHIP
SHORTAGE AND KNOW
YOU'RE SAFE AND THERE'S
DIFFERENT CAMPS ON THIS IN
TERMS OF WHETHER THAT'S EASING
THIS YEAR WITH ITS EASING NEXT
YEAR SOME REALLY SAY WORST CASE
SCENARIO IT COULD TAKE
YEARS TO REALLY GET IN LINE
WHERE WE NEED TO BE TO KEEP UP
WITH DEMAND HOW BIG OF AN ISSUE
IS THIS FOR TESLA SPECIFICALLY
WE KNOW IT'S AN INDUSTRY-WIDE
ISSUE BUT FOR TESLA TO MEET
THOSE NUMBERS CERTAINLY ONE
NUMBER THEY WANT TO DO 50%
YEAR-OVER-YEAR ON DELIVERIES.
HOW BIG OF AN ISSUE IS TOO
SHORT FOR THEM.
>> THAT'S WHY I THINK WAS
IMPORTANT PRODUCTION NUMBER
I THINK MANY IN THE INDUSTRY
LOOK INTO PRODUCTION NUMBER TO
SEE WHAT THEY LOOK LIKE
ANYTHING DECENT THAT PRODUCTION
NUMBER YOU'RE STARTING TO CHIP
SHORTAGE MODERATE AND WE'VE
SEEN THIS ACROSS CHINA AND
ACROSS THE INDUSTRY NOW IT'S
STILL GOING TO BE LINGERING AS
WE GO INTO NEXT 6 TO 12 MONTHS
BUT IT IS MODERATE AND
THAT'S IMPORTANT ESPECIALLY
GIVEN WHERE WE ARE AND WE'LL
THROW TO
EAT THEM AND WE'RE JUST NOW
STARTING TO SEE NOT JUST IN
CHINA WHICH HAS BEEN THE LEADER
IN EUROPE OF COURSE A LOT OF
BIDEN INITIATIVES IN THE U.S.
GOING GREEN. NOTHING RIGHT NOW
YOU CAN CITE JUST PAST THE
SCENE GM HAVE THE SUCCESS
AND NO E THE FOOD CHAIN BEING
BUILT OUT IN THE U.S. AS WELL
AS EUROPE THAT'S HIM
IMPORTANT SOCIAL ANNUAL CONTEST
WOULD BURROW IN AUSTIN
FACTORIES STARTING TO BREAK
GROUND.
>> YOU MENTIONED THE TOP OF
SEGMENT HERE THAT WE COULD
SPEND A WHOLE HOUR TALKING
ABOUT HEAD
LET'S TALK ABOUT ANOTHER ONE
RIGHT, WE KNOW IT'S JUST SHORES
BEING ONE HENSCHEL SITUATION IN
CHINA TENSIONS THERE POSSIBLY
ON AND OFF AGAIN RELATIONSHIP.
IS ELON MUSK
HIMSELF AHEAD TO TESLA RIGHT WE
KNOW THAT IN THE CRYPTO SPACE
HE SENT OUT A TWEET AND HE
SENDS YOU KNOW THE CRYPTO
CURRENCIES UP AND DOWN JUST
BASED OFF
HIS MESSAGING AND HAS HE HIT
THE POINT WHERE HE IS A
POTENTIAL HEADWIND TO THE
COMPANY AND THE STOCK.
>> LOOK I MEAN THIS IS A
CONTROVERSY HOUR BUT AGAIN
TODAY, THERE'S ONLY ONE YOU
WANT AND
YOU KNOW TESSA WOULD NOT BE
HAVING SUCCESS IN CHINA IF IT
WASN'T FOR MUCH THE CASH AMOS
THAT'S WHY IT'S THE ONLY US MAN
AND THE FACTIONS FACILITY THAT
THAT DON'T ULTIMATELY BUILT OUT
IN CHINA AND EVEN THOUGH ALONG
WITH THAT TERRITORY WE'VE SEEN
THE BIG COIN, A
NEW TERM THAT ADDED WIND NOISE
AND DISTRACTION TO THE STORY I
DO THINK INVESTOR PATIENTS
GROUPS IN THIS COURT AND THAT'S
WHERE THE STOCKS ON THE
PERFORMED BECAUSE NOW THEY
DON'T WANT TO SEE THIS I'D SURE
THEY WANT TO DELIVER EASE AND
ULTIMATELY PROVE OUT
THE STORY AND THAT'S WHEN MUSK
CONTINUES TO BE THE PILOT ON
THIS PLANE THAT HARD TO ARGUE
WITH THE SUCCESS
OF COURSE THE TRANSFORMATIONAL
OVER THE
LAST DECADE.
>> WITH ONE MINUTE LEFT AND
RIGHT THERE YOU TAIL WHEN THEY
TALK ABOUT YOU KNOW, WE KNOW
THAT BIDEN'S INFRASTRUCTURE
PLAN OF COURSE INCLUDES A
LOT OF.
>> INVESTMENT IN THE E V SPACEX
YOU THINK TESLA IS GOING TO BE
A BIG GAIN FROM THIS.
>> I THINK IT'S HOUSES AGAIN I
THINK GM AND I THINK THERE'S
MANY OTHER COMPANIES THAT ARE
GOING TO GAIN AS WELL TODAY
WHEN YOU TALK ABOUT
THE GAME. IT'S OF COURSE TASSEL
RATES REALLY BEEN THEIR WORLD
THAT WE'RE NOT PAYING RENT.
A YEAR FROM THEM YOU CAN HAVE
10 TO 15 AUTOMAKER OUR SUPPLY
CHAIN BATTERY
COMMERCIAL PLANE. BECAUSE I
THINK THAT'S WE STARTED SEEING
US 2% IS EVENING WITHIN ECHOES
10% NEXT 4 TO 5 YEARS.
THESE INITIATIVES COME OUT IN
BEL AIRE KEY WAY IN THE
GROUNDWORK FOR THIS GREEN