Confusion on EV Tax Credit, Tesla Semi, Supercharging (08.17.22)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 17 August 2022
⏱️ 9 minutes
🧾️ Download transcript
Summary
➤ New information published by the IRS and US Department of Energy regarding changes to the EV tax credit
➤ Tesla releases and then removes new Supercharging membership in the US
➤ Tesla posts new video of the Tesla Semi, then also removes that
➤ Global Equities Research TSLA note
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Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody, Rob Mauer here and today we're going to be clearing up a little bit of confusion |
| 0:11.1 | on the electric vehicle tax credit changes as the IRS and the Department of Energy have |
| 0:15.4 | started to publish new information in light of the inflation reduction act being signed |
| 0:19.5 | into law. |
| 0:20.5 | Then oddly enough, we've got two different stories about things that Tesla has posted |
| 0:24.0 | and then deleted one on the semi one on supercharging, some other supercharging news, and a |
| 0:28.3 | couple of other items. |
| 0:29.9 | Let's take a look at the stock Tesla today finishing down about 8 tenths of a percent |
| 0:33.1 | closing just below 912 dollars per share, outperforming the NASDAQ, though which was down 1.25% |
| 0:39.1 | on the day. |
| 0:40.1 | In the afternoon, of course, we did have the Fed meeting minutes from the July meeting |
| 0:44.4 | released. |
| 0:45.4 | As I had mentioned earlier this week, I didn't see this as being too material because |
| 0:48.2 | it is quite dated information at this point in time, and we don't get another Fed meeting |
| 0:51.9 | until mid-September, so it's a little bit longer between meetings than what we have seen |
| 0:55.9 | for the last couple of meetings making these even a little bit less relevant than what we |
| 0:59.7 | might normally see, just so much new information that will get between those meetings, so I |
| 1:04.0 | don't really think worth our time to go, much deeper on this, but we did see a little |
| 1:07.3 | bit of volatility as these came out two hours before market closed today. |
| 1:10.5 | The NASDAQ did pop up a little bit right after the release, but then swiftly fell back to |
| 1:14.5 | exactly where it was before. |
| 1:16.9 | Tesla followed a similar pattern, but did revert back to just a couple of dollars below |
... |
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