Elon Musk Comments on White House, SEC, DOJ + Shanghai Expansion, Lawsuit (02.23.22)

Tesla Daily: Tesla News & Analysis

Rob Maurer

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

4.8 • 1.1K Ratings

🗓️ 24 February 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

➤ Elon Musk comments on relationship with White House, battle with the SEC, and Department of Justice investigation of short sellers
➤ Tesla stock drops to five-month low
➤ Tesla files to expand parts production at Giga Shanghai
➤ Former Tesla employee files racial discrimination and safety lawsuit
➤ SpaceX helps reconnect Tonga

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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, and today we are talking about quite a few new comments
0:11.3	from Elon Musk.
0:12.5	He has been replying to CNBC, which is a relatively rare occurrence.
0:16.7	We'll talk about that.
0:17.7	Also got an update out of China, a new lawsuit against Tesla, an update from SpaceX, and
0:21.6	a couple other items.
0:22.6	Alright, I don't know if anyone wants to look at the stock, but we're going to take a look
0:25.5	at the stock.
0:26.5	Tesla down 7% today to $764 for cents the Nasdaq down 2.6%.
0:31.5	Nothing really knew here that we haven't spent a lot of time talking about already.
0:34.8	From Tesla's perspective, there were a lot of articles today about that water supply
0:38.5	court hearing.
0:39.6	Like we said yesterday, all stuff there that we've talked about for a long time.
0:43.1	Nothing new, just more attention on it.
0:45.2	As for the share price right now, I mean $764, it's pretty obviously sitting below 75
0:50.6	times 2022 gap earnings per share.
0:52.5	I mean, we can run through some math on that in tomorrow's episode if you guys want,
0:56.0	but the lower and longer this goes, the stupider it's going to look in hindsight.
1:00.8	But again, that doesn't mean that it's going to correct tomorrow or next week or next
1:04.4	month.
1:05.4	The market can be really stupid for a really long period of time.
1:08.4	We don't have to travel too far to see that.
	...

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