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Tesla Daily: Tesla News & Analysis

FOMC, Tesla California Sales, China, Cybertruck, NACS, X (11.01.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

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

4.81.1K Ratings

🗓️ 1 November 2023

⏱️ 13 minutes

🧾️ Download transcript

Summary

➤ TSLA stock rises alongside market after FOMC meeting
➤ Subaru announces plans to adopt NACS
➤ Tesla increases black paint price
➤ Interesting steering in Cybertruck video
➤ Tesla sales decline quarter-over-quarter in California
➤ China insured vehicles
➤ Illinois opens EV rebate program
➤ X all-hands transcript: https://www.theverge.com/23940924/elon-musk-x-twitter-all-hands-linda-yaccarino-super-app
➤ xAI trademarks

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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 Bauer here, and today we're going to be talking about the November

0:10.8

FOMC meeting, the results from that, and obviously the impact on the stock today.

0:15.8

We've also got an update on Q3, Tesla sales in California, China sales as well, and a

0:21.0

few other items to go through.

0:23.6

Looking at the stock, Tesla up 2.4% today, a nice day, closing at $205.66.

0:28.9

The market's really strong today as well, the NASDAQ finishing up 1.6%, rising about

0:33.3

a percent after the FOMC meeting started today.

0:36.7

So we'll start off there, obviously that's probably the biggest driver of the results

0:39.8

today.

0:40.8

But one quick thing before we get in that is Ron Barron commented this morning as he tends

0:45.8

to do on Tesla and SpaceX.

0:48.2

Never hurts the stock I don't think, of course, stuff that we've heard before, but he

0:52.0

reiterated that Tesla, he views Tesla's valuation as possibly hitting $4 trillion in the future,

0:58.3

so noting that SpaceX has the chance to be even bigger.

1:00.9

So always good to hear from Ron Barron, he was on market watch this morning to share some

1:04.7

of those thoughts.

1:05.7

So that may have impacted Tesla a bit, but as we can see throughout the day, performance,

1:10.1

I think the FOMC meeting a bigger driver.

1:13.1

So with the FOMC statement that came out a couple hours before market closed, that didn't

1:16.8

have as much of an impact as the commentary afterward.

1:19.9

As we can see here, not many changes in the language I know I'm covering that a bit.

1:25.4

Here's the old statement from September, here's the new one from today.

...

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