>> WELCOME BACK
TO CHEDDAR NEWS, EVERYONE TESLA
IS SET TO DELIVER ITS 2021 Q
ONE EARNINGS REPORT AFTER A
STELLAR
2020. AFTER BEATING DELIVERY
EXPECTATIONS. LAST QUARTER
ANALYSTS ARE ANTICIPATING A
STRONG REPORT FROM THE COMPANY
DESPITE
CHIP SHORTAGES. IT'S A MAJOR PR
ISSUES LIKE THE RECENT
DEADLY SUSPECTED. AUTO PILOT
CRASH INVOLVING ONE OF ITS
VEHICLES JOINING US NOW IS JAKE
WHICH ASKED WHO IS THE CHIEF
MARKET ANALYST AT RAND SPIDER
JAKE GREAT TO HAVE YOU HERE
WITH US TODAY, LET'S DIVE INTO
THIS AS WE ARE PREVIEWING THE
EARNINGS. WHAT ARE YOU LOOKING
OUT FOR IN TESLA'S EARNINGS
REPORT TODAY.
>> SO I THINK THERE'S A COUPLE
THINGS I THINK ONE OF THE
THINGS AS YOU MENTIONED JUST
OVERALL SENTIMENT IS PRETTY
HIGH IF THERE'S A LOT OF
EXPECTATIONS GOING
INTO EARNINGS. THEY'RE REALLY
GOING TO HAVE TO DO
SOME STELLAR. DATA THERE TO TO
GET PEOPLE EXCITED IF IF SOME
OF THAT IS ALREADY PRICED INTO
THE STOCK. YOU KNOW ANYTHING
LESS THAN WHAT EVERYONE IS
EXPECTING IS GOING TO NOT BE
THE GREATEST FOR
TESLA BUT YOU KNOW TESLA HAS
PULLED BACK QUITE A BIT
FEBRUARY FEBRUARY IN THE UPPER
800 SO YOU KNOW THAT'S
SOMETHING TO CONSIDER AS WELL
IT'S ALREADY BEEN BEATEN PRETTY
DOWN. BEATDOWN BAD SINCE THE
LAST ONE SO WE'LL JUST HAVE TO
SEE. BUT YOU KNOW I THINK IT'S
I THINK IT'S THIS
THIS THING ABOUT TESSA WHERE
PEOPLE ARE REALIZING. THIS IS A
TECHNOLOGY COMPANY. IT'S NOT
JUST A CAR COMPANY AND SO I
THINK JUST THE
CAR NUMBER THERE'S A NEED
DELIVERY NUMBERS IS GREAT, BUT
IF PEOPLE ARE STARTING TO
REALIZE THIS IS MORE THAN JUST
A
CAR COMPANY.
>> I WANT TO COME BACK TO THAT
IN A HOT SECOND, BUT SINCE YOU
MENTIONED THE DELIVERY NUMBERS
WE SHOULD MENTION THAT THE
DELIVERY NUMBERS HAVE
ALREADY BEEN OUT AS OF THE
BEGINNING OF THIS MONTH IN
APRIL THEY WERE ABLE TO REPORT
THOSE 1ST QUARTER VEHICLE
PRODUCTION AND
DELIVERY NUMBERS FOR 184,800
AND DELIVERED AND
THEN PRODUCED 180,338 CARS AND
SO WITH THIS IN MIND
GOING FORWARD WHERE DO YOU
EXPECT THE PROFITABILITY TO
EVEN REMAIN INTACT AND THEN
ADDITIONALLY WHAT DOES THE
REVENUE GENERATION LOOK LIKE ON
SOME OF THESE DELIVERY AND
PRODUCTION NUMBERS FROM WHAT
YOU CAN KIND OF EXTRAPOLATE
FROM THE DELIVERY NUMBERS AND
PRODUCTION NUMBERS THAT WE'VE
ALREADY RECEIVED.
>> TEST IS ONE OF THOSE
COMPANIES THAT. CONTINUES BE
EVERYBODY'S EXPECTATIONS.
SO AS FAR AS REVENUE GOES I
THINK OBVIOUSLY HIGHER
DELIVERIES HIGHER IT'S REALLY
ABOUT SCALING NOW ON BEING ABLE
TO SCALE THE WHOLE PROCESS
CREATING THESE CARS IS
SOMETHING THAT'S GOING TO BE
SOMETHING
IN IT BIGGER THING THAN JUST
GETTING AS MANY CARS OUT AND
YOU CAN MAKE A TON OF CARS BUT
IF YOU CAN'T DO THAT PROFITABLY
AND SCALE THAT WHOLE PROCESS
THAT'S WHEN IT BECOMES AN ISSUE
SO I'M IF THEY CAN CONTINUE TO
SCALE
THAT HOLE. OPERATIONS AND
THAT'S REALLY WHERE THE PROFITS
GOING TO START SHOWING A LOT
MORE.
>> SURE AND THEN THE REASON I
ASK THAT IS BECAUSE OF THE
CLASSIFICATION THAT
THEY HAD KIND OF ADDED ON TO IT
SAYING THAT THE ELECTRIC
VEHICLES THAT THEY DID FOR
YEARS THEY
WERE THE MODEL Y CROSSOVER SUV
AND THEN ADDITIONALLY, THE
MODEL 3 SEDANS WHILE WE DO KNOW
THERE ARE OTHER VEHICLES HAVE
BEEN DELIVERED THAT
PRODUCTION SPECIFICALLY THAT
CERTAINLY COMES INTO FOCUS AS
IT COULD GIVE US A LITTLE BIT
OF SENSE OF
WHERE DEMAND IS ADDING UP FOR
THEM IN THE FUTURE I DO WANT TO
COME BACK TO SOMETHING THAT YOU
MENTIONED THOUGH AND THIS BEING
A TECHNOLOGY COMPANY AT THE
HEART OF IT.
GIVEN THIS IS A COMPANY THAT'S
ALSO BE IMPACTED BY THE GLOBAL
CHIP SHORTAGE WITH DO YOU
EXPECT IT MIGHT SAY ABOUT THAT.
>> I REALLY DON'T KNOW A TON
ABOUT YOU KNOW
THAT SIDE WITH THE CHIP
SHORTAGE, I MEAN YOU KNOW IF
THERE'S DEMAND AND THEY NEED
CHIPS, THERE'S IT'S GOING TO
COME FROM SOMEWHERE RIGHT
THERE'S NOT JUST GOING TO
CONTINUE TO BE A SHORTAGE
THAT'S WHAT MAKES
CAPITALISM GREAT. SOMEBODY IS
GOING TO FIND A WAY TO GET THIS
DONE WEATHER TAKES A LITTLE
LONGER THAN EXPECTED.
YOU KNOW IT'S IT'S POSSIBLY
GOING TO RAISE THE PRICE A
LITTLE BIT OF THINGS IF THERE
IS CONTINUING TO BE A
CHIP SHORTAGE. THAT'S JUST KIND
OF SUPPLY AND DEMAND, BUT YOU
KNOW FROM FROM
A TECHNICAL SIDE OF THINGS WE
ALSO HAVE TO THINK ABOUT YOU
KNOW HOW DOES TESLA DO INTO THE
SUMMER MONTHS HOW DOES
IT DO. OVER THE LAST FEW
EARNINGS WHEN WE REALLY STARTED
THIS UPTREND IN MID-JUNE SO
JUST LOOKING AT THE NUMBERS AND
LOOKING AT THE TECHNICAL SIDE
WITH THE CHARTS YOU KNOW TESLA
HAS CLOSED 5 OUT OF 7 TIMES
SINCE THIS
HUGE MOVE UP STARTED IN 2019
AFTER A MONTH OF TRADING.
SO GENERALLY.
>> ABOUT A MONTH OR SO BANGS
TESLA'S GENERALLY
UP SO YOU KNOW THE NUMBERS
SPEAK POSSIBLY HAVING A PRETTY
STRONG MOVE TO
THE UPSIDE AND AS I MENTIONED
WE WERE AT $890 A SHARE NOT TOO
LONG AGO SO ANY TYPE OF
POSITIVE NEWS CAN REALLY GET
THIS GOING IN PEOPLE JUST
CONTINUE TO REALIZE THIS ISN'T
JUST THAT. A CAR COMPANY AND
THAT'S WHERE A LOT OF PEOPLE
GOT BURNED THEY THOUGHT THAT
THIS WAS JUST A CAR COMPANY AND
THEY'RE STARTING TO COMPARE
TESLA FORD AND ALL THESE
OTHER THINGS WHEN IT'S NOT JUST
THAT IT'S IT'S IT'S A
TECHNOLOGY. IT'S A VISION AND
THAT'S THAT'S WHAT REALLY MAKES
A GREAT NOW ONE THING ELSE ALL
MENTION YOU KNOW AFTER ABOUT A
MONTH WHEN EARNINGS COMES OUT
THAT'S GOING TO BE GOING INTO
THE MONTH OF MAY AND
MAY HISTORICALLY OVER THE LAST
5 YEARS ONLY HAS A 40% WIN
RATE. SO THAT'S SOMETHING
TO CONSIDER WELL MAY IS NOT
HISTORICALLY THE MOST EASILY
STRONG TIME OF THE YEAR FOR
TESLA AND THAT'S SOMETHING TO
LOOK AT WHEN THESE NUMBERS DO
COME OUT THAT WE ARE GOING TO
BE ENTERING A LITTLE BIT OF A
WEAKER PART OF THE YEAR FROM
HISTORICAL
DATA STANDPOINT.
>> YOU KNOW IT'S INTERESTING
EVEN WHEN WE DO COMPARE THEM
AGAINST THE COMPANY LIKE
FORWARD IT'S WITH
THE BACKDROP THAT FORD HAS BEEN
KNOWN TO PRODUCE FAR MORE
VEHICLES THAN TESLA AND WE DO
KNOW THAT FORD IS ALSO BEING
IMPACTED AND GM HAS THEY HAVE
ANNOUNCED
HAVING TO ALTER SOME OF THEIR
PRODUCTION AND EVEN HALT SOME
OF THEIR PRODUCTION IN
CERTAIN FACILITIES TO MAKE SURE
THAT THEY'RE NOT INCURRING
CONTINUING LOSSES AT THOSE
PLANTS WHERE THEY'RE NOT EVEN
HAVE THE TROOPS TO BE ABLE TO
INSERT THEM INTO THE VEHICLES
AS ALL THE VEHICLES THAT WE'RE
GOING TO SEE BE SEEING RAMP UP
OVER THE NEXT
FEW YEARS. WE ARE GOING TO HAVE
THIS TECHNOLOGY BASE TO IT AND
BE MORE LIKE COMPUTERS ON
WHEELS AND SO WITH THAT IN MIND
TALKING COMPETITION IN THE
EVENING SPACE HAS NEVER BEEN
MORE FIERCE, YOU LOOK AT SOME
OF THE OTHER HIGH VALUE HIGH
COST. AUTOMOBILE MANUFACTURERS
THAT ARE GOING TO HAPPEN IN
SPACE THIS YEAR. SHOULD THEY
HAVE THE CHIPS TO BE ABLE
TO PRODUCE AND AT THE LEVELS
THAT THEY HAD FORECASTED FOR SO
WHAT ARE YOU LOOKING FOR GOING
FORWARD FROM TEST AS WE SEE
EVEN MORE COMPETITION NOT JUST
FORD AND GM, BUT I'M TALKING
ABOUT MERCEDES AND SOME OF THE
ANNOUNCEMENTS
THAT THEY PUT OUT AN OCCUPY NOT
FORGET THE ONES THAT ARE
ALREADY IN THE SPACE WITH THE
LU SAID AND THEN
ALSO YOU'VE GOT SOME OF THE
OTHER COMPETITORS NEO AS WELL
THAT CONTINUE TO
KIND OF. I GRABBED HEADLINES AT
LEAST HERE ON THE STREET.
>> SO I BACK A COUPLE YEARS AGO
AND EVS
WORK REALLY A BIG THING IT
PROBABLY WAS SOMETHING TO
CONSIDER WITH ALL THIS
COMPETITION COMING IN, BUT THIS
IS A MOVEMENT RIGHT THIS
ISN'T JUST. YOU THE EU MARKETS
GETTING BIGGER THIS IS GOING TO
BE LITERALLY A MOVEMENT.
WE'RE PROBABLY IN 20 YEARS OR
LESS, ALMOST EVERY VEHICLE ON
THE ROAD IS GOING TO BE
ELECTRIC SAID THIS IS
LITERALLY. YOU KNOW, I THINK
COMPETITION IS IMPORTANT BUT
THIS IS A MOVE THAT WHERE SO
MUCH DEMAND THAT I THINK
EVERYBODY IS GOING TO ABLE TO
GET A PIECE OF THE PIE AND
REALLY GROW FROM THIS AND THEN
JUST CHANGING THE WAY THAT CARS
ARE YOU KNOW
CREATED AND JUST
THE OVERALL WAY YOU KNOW
CHARGING STATIONS, YOU KNOW YOU
MAY SEE GAS STATIONS. THE HAVE
CHARGING STATIONS HAVE GAS
STATION IN THE FUTURE AND
THAT'S GOING TO BE
PROBABLY NORMAL. AND SO JUST
THE FACT THAT THERE IS SO MUCH
DEMAND AND NOT JUST FROM
RETAIL, BUT POLICIES THAT ARE
BEING CREATED IN THE GOVERNMENT
THE GOVERNMENT IS PUSHING
TOWARDS THIS ELECTRIC VEHICLE
AND JUST ELECTRIC CLEAN ENERGY
MODEL AND THAT'S JUST GOING TO
CREATE SO MUCH DEMAND THAT I
DON'T KNOW IF
YOU KNOW EXTRA COMPETITION
COMING IN IS GOING TO DO MUCH I
THINK IT'S JUST GOING TO HELP
YOU KNOW
HAVE ENOUGH CAUSE FOR HOW MUCH
DEMAND IS COMI