52-Week Low, Inflation, Berlin Battery Production, Cybertruck, Cameras (10.14.22)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 14 October 2022
⏱️ 15 minutes
🧾️ Download transcript
Summary
➤ Tesla stock closes at new 52-week low
➤ Inflation expectations rise
➤ Q3 earnings call question voting: https://app.saytechnologies.com/tesla-2022-q3
➤ Handelsblatt reports on Giga Berlin battery production plans
➤ Cybertruck appears to be under cover at Giga Texas
➤ China demand rumor
➤ Sensor updates
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Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody Rob now we're here happy friday maybe not so much for the friday itself but happy |
| 0:13.1 | that we are going into the weekend it's been a pretty rough week obviously in the markets |
| 0:17.7 | we'll talk about that in a little bit Tesla today hitting a 52 week low so we'll talk |
| 0:21.3 | about the stock we've also got news on gigaburlin and a couple other items and then I do |
| 0:26.8 | a quick PSA just at the start here the contact form that I sent out or had people fill out |
| 0:32.1 | a couple of I guess a week ago I did send out some communication on that some information |
| 0:36.3 | on that earlier today that was about 12 30 central time that'll come from rob at shareloft.com |
| 0:42.4 | so if you didn't receive that just make sure to check your spam folders or wherever to |
| 0:46.9 | do that that went to qualified purchasers and accredited investors and for other people |
| 0:51.2 | stay tuned hopefully some more to come on that soon so anyway looking at the stock |
| 0:56.3 | down 7.5% today closing at $204.99 this is a 52 week low for Tesla it's actually getting |
| 1:03.9 | pretty close to a two year low Tesla was about this price in December of 2020 it's pretty |
| 1:09.9 | close to you it's actually even below the S&P inclusion price so we've seen at the stock |
| 1:14.3 | drop quite a bit here the low that we had previously hit before that two year mark was |
| 1:18.8 | back in around June of 2021 so definitely disappointing to see this the NASDAQ today also |
| 1:24.8 | down 3.1% so a lot of this macro driven but still a significant underperformance from |
| 1:29.3 | Tesla to an extent even considering the beta but growth stocks definitely taking a beating |
| 1:35.5 | in this environment couple of macro news items today the University of Michigan consumer |
| 1:40.2 | sentiments survey did come out inflation expectations have increased and they have |
| 1:44.8 | increased pretty significantly from last report in September now the one year expectation |
| 1:49.7 | consensus is about 5.1% versus 4.7% previously and the 5 year 2.9% on average versus 2.7% |
| 1:57.2 | before so as I mentioned before fed chairman Jerome Powell he talks about how oftentimes |
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