MUSK STEPPING DOWN AT TWITTER? + GIGA MEXICO, OPPENHEIMER DOWNGRADE

EV Channels Review

This episode of Tesla Daily provides a comprehensive update on key developments impacting Tesla and its CEO, Elon Musk. The discussion begins with Elon Musk's controversial Twitter poll regarding his resignation as CEO, highlighting the uncertainty and potential implications for both Twitter and Tesla. The report then delves into significant news regarding a potential $10 billion Tesla factory investment in Mexico, with details suggesting an initial phase for existing model components and a future phase for a lower-cost new model, which the host views positively for long-term growth expectations. Production milestones at Giga Berlin (3,000 Model Ys per week) and Giga Shanghai are noted, though ambitious year-end targets appear unlikely. Analyst sentiment shifts are covered, with Oppenheimer downgrading Tesla to 'Perform' due to concerns over the Twitter acquisition's impact and potential negative feedback loops, while Deutsche Bank maintains a 'Buy' rating, emphasizing Tesla's strong cost structure, margins, and the positive impact of the Inflation Reduction Act. Updates on FSD Beta expansion and Tesla's solar installations are also included, alongside commentary on the delayed guidance for EV tax credits and criticism of Toyota's stance on EVs. The episode concludes with an uplifting note on Starlink surpassing one million subscribers.