Giga Berlin Rumors, China Updates, Twitter Inactivity, Volkswagen (06.27.22)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 28 June 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
➤ Tesla may be significantly increasing production at Giga Berlin
➤ Looking ahead at the calendar
➤ Updates on Tesla in China
➤ Elon Musk crosses 100M Twitter followers as inactivity continues
➤ Volkswagen reveals the all-electric ID. AERO
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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
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| 0:00.0 | Hey everybody, Rob Mallorke here. Welcome back to Tesla Daily. Today, we are talking |
| 0:11.4 | about Gigafrolin. We've got a variety of news there from production to deliveries |
| 0:15.0 | and a couple other items as well. We've also got news out of China, a couple of updates |
| 0:18.8 | on Elon Musk and a new electric vehicle from Volkswagen. Not a whole lot to say on the |
| 0:23.9 | markets today, the NASDAQ finishing down 7.10% Tesla slightly outperforming, but still |
| 0:28.3 | down 3.10% of a percent on the day to close at $734.76. |
| 0:33.9 | Quick look ahead at the calendar for the rest of the week as we wrap up the second quarter |
| 0:37.3 | finally this week on Thursday. We will get a few economic reports throughout the week, |
| 0:41.5 | Fed Chairman Drone Powell is set to speak on Wednesday and then also on Wednesday we will |
| 0:45.7 | get the final release of Q1 GDP. Remember for GDP, there are two preliminary releases, |
| 0:51.6 | so this is the final number not Q2's GDP, which people will be looking at to see if we're |
| 0:55.7 | in a recession. We'll get that preliminary release for Q2 GDP in late July. |
| 1:00.8 | Quick note on that subject, today the Atlanta Fed released their updated GDP model estimate |
| 1:05.4 | for the second quarter. They have that now growing at 0.3% versus their previous forecast |
| 1:10.5 | on June 16th was 0.0%. So might sneak through one more quarter without an official recession, |
| 1:16.3 | but as we often talk about sometimes these positive economic indicators might be reflected |
| 1:21.6 | negatively in the stock market because it could lead the Fed to more rapidly increase |
| 1:25.9 | interest rates. So we'll continue to keep an eye on those broader economic reports and |
| 1:29.6 | then from a Tesla calendar perspective, we should be expecting Tesla to release Q2 production |
| 1:34.3 | and delivery numbers this Saturday, July 2nd. So I'll do live stream for that. We'll |
| 1:38.3 | do our production forecasting later this week and then we'll finally move into hopefully |
| 1:42.6 | a much cleaner Q3. All right, we'll start off with Gigaburlin. We've got a handful of |
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