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Tesla Daily: Tesla News & Analysis

BP Reaches Supercharging Agreement, Ford Delays EVs, Hertz EV Business Challenges (10.26.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tsla, Model3, Technology, News, Tesla, Investing, Tech News, Modely, Business, Models, Modelx

4.81.1K Ratings

🗓️ 27 October 2023

⏱️ 25 minutes

🧾️ Download transcript

Summary

➤ Nasdaq has worst two-day performance of the year
➤ BP to buy $100M of Supercharging hardware from Tesla
➤ Highland Model 3 deliveries start in China
➤ Firmware shows new features coming
➤ Hertz comments on Tesla’s impact on earnings miss
➤ Ford reports Q3 earnings, delays EV investment
➤ Mercedes comments on “brutal” EV market

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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 and today actually a pretty big news day kind of out

0:11.0

of nowhere.

0:12.0

We seem to have a new business line popping up for Tesla.

0:14.8

We also have pretty major announcements from Ford from their earnings call.

0:17.8

Hurts gave an interesting update on Tesla as well and a few other items alongside those.

0:22.4

All right, looking at the stock, another tough day today, Tesla down 3.14%.

0:27.8

Looking at $205, $205.76, the NASDAQ also another challenging day down 1.3.4%, so a little

0:36.0

bit better than what we had seen yesterday, but it's pretty rare that we get that degree

0:40.5

of negative days back to back.

0:42.6

So looking at the NASDAQ, this is actually the worst two-day performance for the NASDAQ

0:48.4

this year.

0:49.4

The last time it was this poor was December 16th of 2022.

0:54.4

So two-day stretch year of really tough results, obviously alongside earnings reports

0:58.8

from a lot of different companies this week, but Tesla hanging in there, I think, despite

1:04.3

the performance relative to Tesla's beta over the last couple of days to the NASDAQ.

1:09.7

So we'll see, after hours, a little bit of better results, certainly yesterday we saw

1:14.4

that trending down, leading into today.

1:17.0

Right now we're up 1% after hours after what seemed like it was going to continue, so hopefully

1:22.4

we'll bring a little bit better news tomorrow.

1:25.3

This morning we did have the GDP report, the preliminary release for the third quarter,

1:30.4

and real GDP was up 4.9% with this preliminary report, so that will be revised.

1:35.3

Real GDP is supposedly inflation adjusted.

...

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