TESLA HIRING FREEZE? US DISCOUNT INCREASED, MORGAN STANLEY REITERATES TSLA OPPORTUNITY

EV Channels Review

This episode of Tesla Daily provides a comprehensive overview of recent Tesla news, focusing on financial and operational updates. The discussion highlights Tesla's increased discount in the US to $7,500 plus free Supercharging miles for Model 3 and Model Y deliveries before year-end, aimed at boosting Q4 sales and smoothing out demand around the new year. The report addresses concerns about a "hiring freeze" and layoffs, with the host suggesting it's a normal business adjustment rather than a complete halt to hiring, especially with expansion plans in some regions like Turkey. Morgan Stanley reiterates an "overweight" rating on TSLA, emphasizing Tesla's strong position to benefit from the Inflation Reduction Act's EV credits due to its significant US market share. The review also touches on a CNN report about a "FSD" crash, which the host believes was likely an Autopilot incident. Updates on Giga Shanghai's covered vehicles and Panasonic's 4680 battery production timeline are also included, clarifying that mass production is expected within Panasonic's fiscal year starting April 2023, not necessarily May 2023. The episode concludes with a brief mention of a Chevy Bolt recall, noting it's not battery-related.