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Tesla Daily: Tesla News & Analysis

3-1 Stock Split, Proxy Filing, 4680 Energy Density, CPI, Model Y Expansion (06.10.22)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 10 June 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

➤ Tesla files proxy statement for shareholder meeting and announces 3-1 stock split plan
➤ CPI numbers come in higher than expected ahead of Fed meeting
➤ More info on new 4680 vehicles
➤ Tesla expands Model Y to new countries
➤ Elon Musk comments on FSD Beta

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Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Michael Pastrone
Executive producer Richard Del Maestro
Executive producer John Beans

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

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0:00.0

Hey everybody, Rob Mauer here, and of course today we are going to be talking about the

0:11.0

announcement of Tesla having a 3-for-1 stock split planned contingent upon a shareholder

0:16.4

vote.

0:17.4

I've also got more information on the 4680 battery sales.

0:19.9

We do have a little bit of news on the, of course, the CPI report that we'll go through

0:24.2

and a couple other items as well.

0:26.4

So looking at the stock first, kind of a rough day with, of course, the CPI coming out this

0:30.3

morning, which we'll talk about, but Tesla down 3.1%, actually outperforming the NASDAQ,

0:35.0

which was down 3.5%, so kind of nice to see that, obviously that can lead to a tougher

0:40.1

day for growth stocks, but Tesla down 3%, closing at $696.69, and then we are up a little

0:47.2

bit after hours here about 1% with the stock split announcement.

0:51.9

So getting into that announcement, Tesla filed their proxy statement for the annual shareholder

0:56.2

meeting, which is of course scheduled to be on August 4th.

0:59.1

We did already know that date.

1:01.0

Tesla does say that this will be an in-person event for a limited number of stockholders.

1:05.2

They also published the link for the shareholder meeting website, which of course the shareholder

1:10.0

meeting will be streamed as well.

1:12.5

So it's hoping that might lead to a little bit more information on how Tesla's deciding

1:15.9

which stockholders are able to attend.

1:17.8

They've done things like raffles in the past, but it looks like that page isn't quite

1:21.2

live yet.

1:22.5

So more to come on that in terms of how that process will work.

...

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