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Tesla Daily: Tesla News & Analysis

Fed Meeting, Berlin Rumors, Munro Teardown, Tesla Energy, Ford Earnings (07.27.22)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 28 July 2022

⏱️ 12 minutes

🧾️ Download transcript

Summary

➤ Tesla’s production targets reported after downtime at Giga Berlin
➤ Stocks rally after Fed meeting
➤ Senators Manchin and Schumer announce agreement on major bill
➤ Munro & Associates continue 4680 battery pack teardown
➤ Tesla and Neoen receive new approval on battery project
➤ Ford beats earnings expectations

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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
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody, Rob Mauer here, and today we've got another interesting day in the markets.

0:11.0

We've got a lot to talk about there.

0:12.4

We've also got news on Gigabril Linn, news on Tesla Energy, an update on the 4680 model

0:17.5

wide tear down from a Sandiman row, earnings from Ford, and a couple other items as well.

0:22.1

Alright, so we knew today in the markets was going to be relatively volatile.

0:25.8

We started off pretty strong following the after hours performance of Microsoft and

0:29.6

Google that we had talked about yesterday.

0:31.6

So the markets rising up until the fed statements, and then once we got that news, we'll

0:35.5

talk about here in a second, continuing your rise, and even jumping up a little bit

0:38.7

after that.

0:39.7

With the NASDAQ finishing up the day, 4.1%, so a huge day for the NASDAQ, Tesla following

0:44.3

a long finishing up 6.2%, obviously mainly macro driven there.

0:48.4

That's a big part of why we've been spending a lot more time on the macro environment lately.

0:52.1

It's volatile right now, it's having a huge impact on all companies, so Tesla closing

0:55.6

the day at $824 and 46 cents after that move.

1:00.0

So let's take a quick look at the actions from the Fed, and even more importantly, likely

1:03.5

in terms of the market reaction, comments that were made by Fed Chairman Jerome Powell during

1:07.2

his press conference.

1:08.4

The Fed did end up increasing interest rates by 75 basis points, now putting the federal

1:12.3

funds rate between 2.25% and 2.5%.

1:15.5

So that was in line with most people's expectations, though some are expecting a 100 basis point

1:19.6

increase, so probably some relief in the markets from that higher rate increase, not coming

...

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