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Tesla Daily: Tesla News & Analysis

AEB Updates, Cruise Safety Report, Model Y, China, Calendar (04.28.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 29 April 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

➤ Tesla adds new safety features in over-the-air software update
➤ First Republic reportedly headed into FDIC receivership
➤ PCE report for March
➤ Cruise publishes crash data for first 1M driverless miles
➤ Model Y 7-seat option price change
➤ Tesla updates scope of business in China
➤ Mr. Money Mustache orders a Tesla
➤ Calendar

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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

Click on a timestamp to play from that location

0:00.0

Hey everybody Rob, now we're here. Happy Friday. Today we are going to be talking a little

0:10.9

bit about safety. We have new features added over the air from Tesla. We'll also take

0:15.0

a look at a report from crews. They have surpassed 1 million driverless miles and have reported

0:21.3

on their collision rate. So we'll take a look at that. And of course, we have a few other

0:24.2

items as well. We'll start off with the stock today. Nice day again for Tesla up about

0:28.5

two and a half percent to close at $164.31. So a couple days in a row of good results

0:33.4

here for Tesla following a couple of bad days there to end the week last week and begin

0:37.5

this week. Up at the NASDAQ today up about seven tenths of a percent so nice over performance

0:42.1

from Tesla on the day as well. One thing to keep an eye on in the macro environment. First

0:47.2

for public bank did fall significantly after market close today. Looks like that is going

0:51.2

to be placed into an FDIC receivership report by Bloomberg here and by Reuters that that

0:56.0

may be happening. So it's been kind of on the fringe for a while now. Looks like that

1:00.4

will probably continue to happen. So I'm going to keep an eye on for over the weekend and

1:06.3

we'll talk a little bit more about next week from a calendar perspective towards the end

1:09.4

of the episode. But I don't know what's there with first public. And then we did also

1:13.2

have the PCE personal consumption expenditures report this morning. So we'll take a look

1:17.2

at that briefly. The year over year number looks really great. We can see the continued

1:21.1

decline here with the March report. Remember this is about a month old data at this point

1:26.5

but you can see year over year coming down from 5.1 percent in February now to 4.2 percent

1:32.4

for the March report. However, if we look at the core PCE the numbers look a little bit less

1:37.2

positive there. Core coming in at 4.6 so slightly above consensus estimates and not much of a decline

1:44.2

from where we've seen it be for the last you know really five months or so. As for the month

...

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