4.8 • 1.1K Ratings
🗓️ 8 March 2022
⏱️ 11 minutes
🧾️ Download transcript
➤ Nickel prices skyrocket as commodity supply chain uncertainty increases
➤ Elon Musk comments on progress of FSD Beta
➤ More information on status of Giga Berlin water supply
➤ Tesla seeks Giga Fest approval
➤ GM and POSCO announce cathode production factory plans
➤ Ukrainian President Zelensky thanks Elon Musk
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Plaid producer Who Why
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
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
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0:00.0 | Hey everybody, Rob Mauer here, and today we are talking about a big spike in commodity |
0:11.4 | prices especially for nickel, we've also got updates on FSD from Elon Musk, more news |
0:16.1 | on Gigaburlin and Texas, update on a battery factory from GM and a couple of other things |
0:20.9 | as well. |
0:21.9 | Alright, looking at the markets today, this will carry into our conversation about commodities |
0:24.9 | in a second, but the NASDAQ down 3.6% tough day for the Dow and the S&P as well. |
0:29.9 | We then Tesla down 4% on the day to close at $804.58, so a little bit worse than the |
0:34.9 | NASDAQ, but considering Tesla's high multiple, really not all that bad, and certainly a lot |
0:38.8 | of other stocks performing worse today. |
0:41.4 | Looking ahead at the rest of this week, a couple of things to keep an eye on, of course, |
0:44.3 | in addition to Russia and Ukraine, we do have the China passenger car association numbers |
0:48.6 | for February, and those are likely to come out. |
0:50.8 | Sometime early this week, we might get those before we market open tomorrow, actually. |
0:54.3 | I think we're likely to see some pretty decent numbers here, but remember a couple things |
0:57.4 | to keep in mind. |
0:58.4 | First, February is just a short month, only 28 days, and then that is further impacted |
1:01.7 | by Chinese New Year, likely a few down days for production there at the start of the |
1:05.3 | month, so probably not a great catalyst for the stock or anything like that, but should |
1:08.8 | be some good information for us to extrapolate out for the rest of the quarter. |
1:12.7 | The other item then, which is Thursday about an hour before market open, is the Core |
1:16.2 | CPI Consumer Price Index Report. |
1:18.2 | That'll show inflation month over month and year over year, and those numbers are still |
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