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Tesla Daily: Tesla News & Analysis

Cybertruck “Very Safe”, FSD Coming Soon Says Ellison + Fed Bumps Rate Outlook (09.20.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

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

4.81.1K Ratings

🗓️ 21 September 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

➤ Oracle’s Larry Ellison comments on Cybertruck project and FSD timeline
➤ FOMC holds rates but increases forecast
➤ Tesla adds new referral program reward
➤ Service centers prep for Cybertruck
➤ Lawyers ask for hundreds of millions in settlement
➤ Tesla partners with bank to provide low rate financing in Australia
➤ New Starlink dish approved by FCC

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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 we've got some interesting new comments from

0:10.6

Larry Ells and Oracle on FSD and on the CyberTruck, we'll take a look at that in a second.

0:15.9

We also have updates on the FOMC meeting today of course and a few other items as well.

0:19.8

Alright, looking at the stock Tesla today, down 1.5% kind of an interesting day with the

0:24.0

FOMC meeting midday, the NASDAQ also down 1.5%, I pulled up the charts for both so you

0:29.1

can kind of see the comparison that happened throughout the day.

0:32.6

Midday, Tesla did spike before the FOMC meeting, I'm not really sure exactly what happened

0:36.6

there.

0:37.6

It did seem to be Tesla specific though as we don't see a similar spike in the NASDAQ during

0:40.7

that period of time.

0:41.8

I did read some comments that maybe it was relating to a Morgan Stanley conference that

0:45.6

was happening at that point.

0:47.4

So I haven't found details on that yet if you do have more details on that past along.

0:51.8

That could be what drove that spike earlier today but we'll try to figure that out but

0:56.6

in the meantime after that, Tesla did decline after the FOMC meeting and sort of during the

1:02.2

press conference from Fedger on Powell alongside the market, although with a bigger beta for

1:08.9

Tesla and ultimately ending in pretty much the exact same spot as the NASDAQ.

1:13.1

So getting into the FOMC meeting, we'll go through this pretty quick.

1:16.3

There wasn't a whole lot here in my opinion as the expectation indicated rates were expected

1:22.5

to be held.

1:23.5

That was the case and you can see from the difference checker here in the previous statement

1:27.7

back in July, I believe, versus now the updated statement.

...

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