TESLA'S BIGGEST DAY EVER - $1T ON HERTZ DEAL, MORGAN STANLEY INCREASE, 10-Q FILING

EV Channels Review

This episode of EVChannels provides a comprehensive overview of a monumental day for Tesla, marked by its achievement of a $1 trillion market cap. The primary driver discussed is the significant deal with Hertz, involving the purchase of 100,000 Tesla vehicles by the end of 2022, a move hailed as a major endorsement of EVs and Tesla's economic viability from a fleet perspective. The reviewer highlights that this order, primarily for Model 3 Standard Range vehicles, is not just about unit sales but signals a broader industry shift and validation of Tesla's total cost of ownership. Other key topics include Tesla's continued price increases across its model lineup, leading to extended delivery wait times, particularly for the Model 3 Standard Range. The FSD Beta 10.3 rollback is also covered, noting Tesla's quick resolution of issues. Additionally, the episode touches upon Morgan Stanley's increased price target for TSLA, Tesla's updated CAPEX guidance from its 10-Q filing, developments in Tesla China's R&D, and Panasonic's progress on 4680 battery production. The reviewer concludes that while the Hertz deal brings significant intangible benefits like advertising and new customer exposure, the price increases are more impactful for Tesla's fundamental financials in the short term.