4.8 • 1.1K Ratings
🗓️ 26 October 2023
⏱️ 16 minutes
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➤ Tesla hits record in Denmark with time to spare
➤ Nasdaq has worst day in 8 months
➤ Tesla added to Fortune fastest-growing companies list
➤ New York City loosens restrictions for EVs
➤ UAW strike appears to be coming to a close
➤ Honda shelves plans to develop EVs with GM
➤ LG comments on EV demand, battery plans
➤ Toyota comments on EVs
➤ Hyundai provides battery factory update
➤ LA city council hold press event about robotaxis
➤ Ford increases F-150 Lightning prices
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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
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0:00.0 | Hey everybody, we're out now. We're here and today we've got another pretty light Tesla |
0:10.9 | news day, but we do have a handful of interesting industry news that we'll talk about as well |
0:14.9 | as a couple of Tesla stories as well. Wicking up the stock, Tesla closing down 1.9% today |
0:19.8 | at $212.42 to close the day, continuing down after hours actually performing worse during |
0:25.8 | after hours than during the trading session today, down 2.3% as I'm recording here. If |
0:31.0 | we look at the NASDAQ though, the NASDAQ down about 2.4% today, this was actually the |
0:35.1 | worst day for the NASDAQ since February, so about eight months ago. So Tesla relative |
0:40.6 | to the NASDAQ, obviously outperforming a bit, nice to see that, however disappointing |
0:44.9 | to see the drop after hours. If we look at the NASDAQ today, just a tough day for tech |
0:49.4 | I think after some earnings reports yesterday, alpha better Google kind of leading the charge |
0:53.6 | down actually the biggest drop in alphabet market cap ever, they closed down 9.5% on the |
1:00.0 | day to day after reporting earnings yesterday based on some weakness in terms of our weakness |
1:04.7 | in their cloud business. So that contributing to the NASDAQ performance today. And then |
1:09.9 | after hours specifically meta reported earnings, so that's kind of the big one for today, |
1:14.6 | they actually beat expectations. So their stock was rising after hours, but during their |
1:18.6 | conference call, they warned of uncertainty based off of softening ad sales that they |
1:23.9 | have seen so far in the fourth quarter, which they attributed at least in part to the conflict |
1:29.1 | in the Middle East right now. So just in general, some hesitancy and softness from tech earnings, |
1:35.0 | I think so far that we're seeing here, we'll continue to see how the week comes in. There's |
1:38.9 | still a lot of major earnings reports throughout the rest of the week. Right, getting into |
1:43.6 | a couple of quick Tesla news items, Tesla today announcing from the Tesla Europe X account, |
1:48.9 | that the Model Y has just broke the record for the most sold car in a single year in Denmark, |
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