Furloughs in Norway, Stop Sign & Stop Light Autopilot, Jobs Report (03.26.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 26 March 2020
⏱️ 8 minutes
🧾️ Download transcript
Summary
- New jobs report shows steep rise in unemployment in the US
- Two Tesla employees reportedly test positive for COVID-19
- Tesla reportedly furloughs some employees in Norway
- Elon Musk retweets autopilot stopping at stop lights and stop signs in next update
Links:
Email: tesladailypodcast@gmail.com
Twitter: @teslapodcast
Patreon: patreon.com/tesladailypodcast
Executive producer Rish Singh
Executive producer Jeremy Cooke
Executive producer Nick Wood
Executive producer Fela Winkelmolen
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre Kent
Music by Evan Schaeffer
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hey everybody Rob Maurer here just a quick check-in episode today as I'm taking a bit of time off today to relax as it is my birthday. |
| 0:14.0 | So we'll be back in more detail tomorrow. |
| 0:16.0 | We'll hit the high-level stuff today. |
| 0:18.0 | Tesla stock on the day today did underperform pretty significantly to the markets. |
| 0:21.0 | Down 2.1% to $5.28.16 versus the NASDAQ up 5.6%. I'm not fully understanding why the markets |
| 0:30.0 | were up today, probably a combination of the stimulus package passing in the Senate |
| 0:34.0 | yesterday, though at this point I think that should have been priced in. |
| 0:36.9 | Then we did this morning get a new jobless claims report as we had talked about |
| 0:40.9 | earlier this week and the number that everyone was |
| 0:43.1 | focusing on here was the initial jobless claims so new people filing for |
| 0:47.0 | unemployment this number spiked by 3.3 million people for some context here last week's number was 211,000. That was relatively |
| 0:56.7 | low, but this 3.3 million this week is way higher than any previous number in the 50 plus years of history that these numbers have |
| 1:06.1 | been being reported. According to investing.com, the previous highs, which have happened a couple |
| 1:10.9 | times was around 650,000 people. |
| 1:13.2 | So we're seeing it now five times the previous all-time high. |
| 1:16.4 | Now consensus estimates for this were all over the place. |
| 1:19.3 | Bloomberg earlier this week had it at a million. |
| 1:21.6 | They've since up to that to 1.7 million heading into town. earlier this |
| 1:23.6 | we had at a million. They've since up to that to 1.7 million heading into today. But there were |
| 1:26.0 | also forecasts out there that were higher than this 3.3 million number and |
| 1:29.4 | apparently the markets were unfazed. Now obviously I think the expectation is that a lot of this |
| 1:34.0 | unemployment will be temporary and as this virus situation fades a lot of these |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Rob Maurer, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Rob Maurer and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

