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Oh my word a day cannot go by without some big tesla news my goodness guys we got a lot more tesla news here to cover today so an analyst has come out and now said that they will be profitable he’s expecting them to be profitable in september and this analyst is one of the most famous analysts on all of wall street he covered apple for a long long time he still to
This day covers apple but basically apple threw its growth days he used to cover it i remember he would come on tv all the time talking about iphone this iphone that it looks like he’s moved on a tesla now talking about that also talk about some bad news that came out in regards to tesla but i’m not so sure it is really bad news so we’ll look at that there guys so
Tesla will be profitable by september says gene munster once again this this is a pretty famous analyst he covered apple for a long long time so here’s what he’s saying okay so lupe ventures gene monster predicts then battled automaker will be profitable by september okay we’re already in july so that’s only a couple months away ceo elon must announce tesla aims to
Produce six thousand model threes per week by august but munster says september is a safer bet this a five thousand production number was the first time in about nine months he’s gotten one right i think it’s safe to always dial back what he’s saying that’s why we think tesla’s going to meet production number by the end of september quarter monster said on cnbc’s
Fast monday if they hit that number it’s going to equate to forty eight thousand model threes produced in the september quarter that should get them to profitability slightly profitable monster said it’s not going to be wildly profitable in september i just want to warn everybody but it moves in the right direction after repeatedly pushing back targets tesla vowed
In january to build five thousand model threes per week by the close of the second quarter to demonstrate it could mass-produce the battery power sedan tesla finally met its goal in the final week of the quarter with the final car rolling we just talked about that the other day here so the bears have their case to say that even though the five thousand number was
Pretty they had to throw everything at it to get it there okay the tent the whole deal if you don’t know the tents trending on twitter and whatnot the reality is they haven’t ramped muenster said okay so so munster believes they they haven’t you know tesla hasn’t even really ramped in a big way right so we’re gonna we’re gonna come back to that in just a second here
Alright so this other stories of a really big ones so tesla’s engineering chief is out after taking a leap leave of absence tesla’s engineering chief won’t return from his leave of absence a person familiar with the situation says as automaker heads into the pivotal period to prove it can sustain production of model three sedan doug field who has been senior vice
President of engineering a very important title at tesla stepped away from his work overseeing product development at the silicon valley automaker in early may alright so roughly two months ago or so at the time a tesla spokesperson said doug is just taking some time off to recharge and spend time with his family he is not left tesla right people familiar with
The move believed at the time he would return six weeks later but he hasn’t his departure is one of several high-level executives out of left tesla many of them have left you know from from basically that solarcity acquisition though but tesla has lost a lot of guys there a key leader at tesla since joining in 2013 so you’ve been with the company about five years
From apple he came over from apple mr. field oversaw the engineering of the company’s vehicles and last year was given oversight of production and told mr. musk resumed that role last spring okay so basically this gentleman had taken over as kind of the head of you know production operations and so here’s kind of the question with this whole deal and we may never
Know the answer did this guy leave just because he just you know want to maybe he was burnt out of tesla maybe he spent so much time maybe just want to spend time with family did he leave for that reason did he leave because must took over and now they just hit production records and maybe this gentleman wasn’t doing such a good job and musk is like dude i can do
This way better than you we don’t need you here anymore like you like you fell off or whatever we don’t know maybe he got sick of you know playing co-captain there you know this guy never gets any respect or ever talked about obviously the head of the head of tesla elon musk is the one that gets all the credit for anything that goes on with tesla he also gets all
The blame right maybe this guy you know would did a kyrie irving movies like sickle lebron james he’s like i want to go be my own man we don’t know we’ll probably never know why he’s decided to leave tesla and just you know and i ended up taking off there so here’s something you know i just want everybody to step back a second from tesla okay i think that’s really
Important because there’s so much going on here in the short term there’s so many moving parts or tesla can they hit six thousand number okay can they consistently hit five thousand model threes what are the price points those cars can they get to ten thousand maybe next year or something like that like there’s so much short-term here that’s going on so many moving
Parts this executive left must tweet this so there’s so many moving parts around this right now right so many moving parts that’s just craziness chaos when you step back for a second when you step back for a second from tests okay and you look out and you go buy every car dealership in your city or your state you go buy every single car dealership what do you see
On there lots you see a cars galore you see every single car imaginable on that lot trucks that like it like it’s not hard to get will get a car or a truck or an suv tomorrow like you can go to a ford dealership a gm dealership any dealership you want and you can get a car just like that is nothing okay literally right off the lot as long as you got the money like
It’s there for you times a million okay doesn’t matter what city you live what state you live we’ve see you know every single dealership is loaded up in their parking lot which is cars galore okay and we have a massive amount of people saying we don’t want those we want tesla’s this is big guys when you just step or a step away and you didn’t look at it from that
Perspective it takes you back a moment because these anybody can go get a car right now this is not hard guys a people want tesla cars specifically there’s a massive demand in the marketplace right now ford specifically tesla cars on right tesla people want tesla this reminds me so much of apple back in the day it was so easy to get a smartphone you can get a
Smartphone from anywhere any wireless carrier and any you know any best buy or whatnot but people the mass amounts of people want it i phones and they were willing to wait for an iphone and pay substantially more praise you know higher prices then for some other phone and it was like why are people doing this right when you step back for a minute you just realize
What a company has going for it long-term when they have this type of demand the products available out there and people are saying no i don’t want that i want this over here okay i want this over here it’s just you sometimes just guys step back from something like this and really view it and it’s pretty amazing no as far as will they hit profitability you know
That remains to be seen i think they have a great chance to do it maybe in september august we’ll have to see you know it you’ve got to kind of take musk’s words with a grain of salt right now he has missed a lot of numbers he has missed a lot of numbers here so you know can he hit those numbers maybe but at the same time you know you can’t really count on him in
That respect right now can he execute this big vision i’m pretty confident he’s going to be able to execute it and tussle is going to become the dominant auto manufacturer as i you know talked about on this channel for two years now i’ve been talking about they will become the dominant auto manufacturer within five to ten years i think he’s gonna execute on that
That plan but in terms of short term goal hitting you know i can’t trust musk with that so i think this analyst is actually really ingenious and insane let’s push back another month here the chance to he’s talking about with all the other they’re gonna hit august it’s like not all this let’s say september because that’s more realistic so anyways i really want to
Know your guy’s opinion on tesla all this short-term moving stuff long-term stuff i really want to know your guys opinion in that comment section as always make sure you hit that thumbs up button if you enjoyed this today and make sure you follow me on instagram if you have not already i post a lot of content of münster grim stories especially about breaking news
Stories that are happening in the stock market and whatnot can’t wait to see you on the thank you for watch and have a great day
Transcribed from video
Analyst "TESLA WILL BE PROFITABLE IN SEPTEMBER" By Financial Education
