Summary of Tesla Stock Tanks — Don’t Panic

00:00:00 - 00:20:00

Tesla's stock tanked today amid concerns about the company's ability to meet production targets for its Model 3 and Model Y cars. However, Tesla has a history of meeting its goals, and there is reason to believe that it will be able to do so again.

• 00:00:00 Tesla's stock tanked today, dropping 8.6% to close at 242.40 on the NASDAQ. Rob Mauer shares his thoughts on the company's delivery report and why there are likely to be demand concerns. He also shares his thoughts on common questions and rebuttals to his ideas. He ends with his message to investors: don't panic. Tesla is a fantastic company that is making fantastic products, and even if there are little hiccups here and there, the company will figure it out and continue to grow.
• 00:05:00 Tesla stock tanked after releasing their Q3 earnings report which showed that demand for their cars has decreased. Some investors are concerned that Tesla will not be able to keep production up, and this could lead to lower prices and lower margins. However, Tesla has already started to decrease prices and the electric vehicle tax credit is coming back. These are all reasonable questions to be asking, and Tesla's track record suggests that they will be able to accomplish what they've said they will.
• 00:10:00 Tesla's production plans for the Model 3 and Model Y for the next four quarters are reportedly 495,000 vehicles. This is more than double the ~190,000 vehicles Tesla produced in the same period last year. Some investors are concerned about the company's ability to sustain this level of production, especially given recent reports of long wait times for Model 3s and Model Ys.
• 00:15:00 Tesla's stock tanked following a Reuters report that stated the company plans to produce 50,000 Model 3s per week by the end of next year. Tesla's production rates in recent quarters have not been consistent with this target, raising doubts about the accuracy of the report. Additionally, Tesla's target for Q4 production appears unrealistic.
• 00:20:00 The Tesla stock tanked today amid speculation that the company is ramping up operations at its Berlin cell production facility. However, there is still no information available about what this might mean for the company's future.