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Tesla Daily: Tesla News & Analysis

Giga Press, Semi, Supercharging, GM Inventory & EV Delay (10.25.22)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 26 October 2022

⏱️ 11 minutes

🧾️ Download transcript

Summary

➤ IDRA posts updated on 9000T Giga Press for Cybertruck
➤ Reports on Elon Musk’s Twitter acquisition
➤ Tesla Semi receives EPA certification
➤ Tesla receives funding for Superchargers in Australia
➤ GM beats earnings expectations, inventory grows

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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 a couple updates on the Tesla Cybertruck

0:11.1

including on the 9000 tonne Gigapress from Idra, let's get some news on the Tesla Semi,

0:15.6

the Supercharger Network, Gigaburlin, and as we go through earning season here a very

0:20.1

interesting earnings report from General Motors.

0:22.8

Alright, looking at the stock, not as many questions today about whether or not Elon's

0:26.5

sold on the day as Tesla had a much stronger day, up 5.3% to close at $222.41, the NAS

0:33.1

deck was also strong up 2.3%, and this was actually another high volume day for Tesla

0:37.9

only about 5 million shares less than yesterday, which as we talked about was also a high volume

0:42.3

day to start the week.

0:43.9

As I am recording Tesla is dropping a bit after hours down about 2%, this seems to be a

0:47.9

broader sort of tech selloff on the heels of Google's earnings report, Microsoft as well

0:52.9

but Google I think really causing this, they reported a pretty big earnings miss, the

0:56.8

stock is down 7% after hours right now, earnings per share at $1.06 vs $1.25 expected, revenue

1:02.9

missed by about a billion and a half dollars, that revenue figure of $69 billion for the

1:07.2

quarter, that was only up 6% year over year, that's actually the second worst figure

1:11.6

for year over year growth for Google in almost 10 years.

1:15.2

I also found it interesting that YouTube's revenue declined year over year, so the

1:19.8

totality of Google's results here probably suggesting that advertisers cutting back their

1:23.8

ad budgets a little bit, which certainly is a bad sign for Google, but maybe a better

1:28.0

sign for inflation and if we pair that today with something that I think helped the broader

1:32.8

market out, which was the lower than expected consumer confidence reports that we saw this

1:37.3

morning, so possibly signs of businesses being a little bit more hesitant on spending

...

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