Earnings Estimate Nonsense, Shanghai Update, Musk/Straubel, Twitter (05.09.22)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 9 May 2022
⏱️ 12 minutes
🧾️ Download transcript
Summary
➤ TSLA continues falling as markets decline
➤ Morgan Stanley updates Tesla forecasts
➤ JP Morgan sends new communication on stock split
➤ Update on Giga Shanghai production upgrades
➤ Elon Musk set to speak with JB Straubel at Financial Times conference
➤ Musk meets with EU official, plans to meet President of Indonesia
➤ Twitter acquisition uncertainty rises with tech selloff
➤ Germany reportedly seeking to increase EV credits
➤ Rivian lockup period ends ahead of earnings
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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
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Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody, Rob Mauer here. Welcome back to Tesla Daily. Looks like we're in for another |
| 0:11.2 | fun week this week. We'll talk a little bit about the markets. We also have some news |
| 0:14.5 | of various Elon Musk meetings and interviews coming up. We've got new forecasts on Tesla |
| 0:19.2 | from Adam Jonas of Morgan Stanley, some news on China, and a few various other updates. |
| 0:24.3 | Alrighty, so the downtrend continues Tesla today down 9.1% closing at $787.11, |
| 0:30.6 | now trading at 69 times, Q1 earnings annualized, and the trailing 12-month price earnings ratio |
| 0:36.0 | down to 106x. Of course, Tesla not alone in that performance today, the NASDAQ down 4.3%, so |
| 0:42.5 | fortunately, we get to dust off our chart here of the worst performances over the last two years, |
| 0:46.2 | and really, there's no dust on it because we just looked at this on Thursday. But we now get |
| 0:50.2 | to add today's performance to the list in the fourth position. So over the last two weeks, |
| 0:54.6 | we have had four of the worst seven days over the last two years over the NASDAQ. Now, |
| 0:58.5 | obviously, that's going to be a very tough period of time for any growth stock. Tesla not immune to |
| 1:02.4 | that over very short periods of time. But I do believe because of the fundamental strength that |
| 1:06.9 | Tesla has demonstrated over the last year through all this turmoil and all the challenges that |
| 1:10.5 | have existed, it is actually holding up decently well, not as well as I think it should, but still |
| 1:15.0 | up 16% over the last year, while the NASDAQ is down 12%. I'd expect that when we're looking |
| 1:20.3 | back a year from now, Tesla similarly will have outperformed the NASDAQ over that period as well. |
| 1:25.2 | Tesla will keep executing, and eventually the fundamentals will become undeniable regardless |
| 1:29.0 | of the macro circumstances, and that's why we see Tesla 10 times, 20 times more valuable right now |
| 1:33.8 | than it was just a couple of years ago. Anyway, as we move forward through this week, of course, |
| 1:38.2 | last week, all eyes were on the Fed meeting. This week, the CPI and PPI reports take that place of |
| 1:42.8 | interest, the consumer price index comes out on Wednesday morning before market open and the |
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