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Tesla Daily: Tesla News & Analysis

Iran Conflict, Analyst Upgrades (01.07.20)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 8 January 2020

⏱️ 11 minutes

🧾️ Download transcript

Summary

- Iran attacks base in Iraq sheltering US troops
- Credit Suisse and Argus Research issue new price targets on TSLA stock

Links:
Email: tesladailypodcast@gmail.com
Twitter: @teslapodcast
Patreon: patreon.com/tesladailypodcast

Ludicrous producer Vincent Smith
Executive producer Rob Gill
Executive producer Rish Singh
Executive producer Nick Wood
Executive producer Fela Winkelmolen
Executive producer Troy Cherasaro
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

Hello and welcome to the Tuesday January 7th

0:09.9

2020 edition of Tesla Daily on official Tesla Podcast.

0:12.8

My name is Rob Maurer.

0:13.8

Today we were talking about a couple of analyst upgrades that boosted

0:16.6

Tesla stock during the day today and then an escalating Iranian conflict

0:20.4

which has caused some turmoil in the after hours.

0:23.6

So Tesla stock during the day today was up 3.9% to $469,6, up $17.52.

0:32.8

So just to put that in context from where we were just about seven months ago,

0:37.1

back in May, that $17.50 increase that we had today

0:40.8

would have represented almost a 10% increase in the stock back at those levels.

0:45.8

Just a nice example there of the dramatic impact that compounding can have.

0:49.6

Anyway, that 3.9% increase on the day for Tesla compared to the NASDAQ which was flat on the day, but things

0:55.2

did change sharply in the after hours. Tesla finished the after hour session down almost 2.5% to

1:01.6

$457.50.

1:04.3

So being down in the after-hour session, but still up from where Tesla started the day.

1:09.0

This after hours drop was due to the macro environment.

1:11.6

NASDAQ futures at that point in time

1:13.7

when Tesla closed trading in the after hour session

1:16.3

were down 1.8% from where they closed the day.

1:19.0

So definitely macro driven.

1:20.4

Other stocks were down similarly to Tesla, Apple finished the after-hour session

1:24.0

down 1.9%, Uber down 3.2%, GM down 1.9%, Ford down 1.8%, and Amazon down 2.3%.

...

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