Layoffs, "Super Bad Feeling", AI Day Rescheduled, May Auto Sales, Cruise (06.03.22)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 3 June 2022
⏱️ 17 minutes
🧾️ Download transcript
Summary
➤ Tesla lays off employees as Elon Musk reportedly has a "super bad feeling" about the economy
➤ Tesla reschedules AI Day 2
➤ New Elon Musk interview: https://youtu.be/AeeeEDSekG8
➤ Old Tesla referral program resurfaces
➤ May auto sales reported
➤ Cruise to begin commercial operations
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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, we're on Mauer here and today we are of course going to be talking about |
| 0:11.3 | the news of Tesla layoffs and Elon's comments on the economy. |
| 0:15.1 | We do still have a couple of other stories as well. |
| 0:17.3 | And as you can see if you're watching this is a live stream episode for Friday. |
| 0:20.7 | We're actually going to be doing quite a few live streams here for the next week and |
| 0:24.6 | a half or so because editor jossum is on vacation. |
| 0:28.1 | So you guys are going to be seeing a lot of me live and hopefully it goes, it goes |
| 0:33.7 | alright, but we'll see. |
| 0:36.3 | So appreciate your patience as we work through the next week and a half or so. |
| 0:40.8 | But of course today we're going to be focusing on these layoffs, Tesla stock with the news |
| 0:45.0 | down 9% today, the NASDAQ down 2.5% and this is one of those days where normally we're |
| 0:51.4 | talking about the NASDAQ's influence on Tesla, probably the opposite effect today where |
| 0:56.0 | Tesla having a pretty significant influence on the overall markets with this news and |
| 1:00.3 | then those comments from Elon. |
| 1:01.8 | So we've got kind of two separate things here with the layoffs and those comments and we |
| 1:06.4 | also have two different emails to take a look at. |
| 1:10.3 | So the thing that kind of kicked this off was this morning a report from Reuters saying |
| 1:16.0 | that Tesla CEO Elon Musk has a quote unquote super bad feeling about the economy and needs |
| 1:21.2 | to cut about 10% of salary staff at the electric car maker, he said in an email seen by Reuters. |
| 1:28.2 | So I was kind of the first news, not a whole lot of context there and unfortunately they |
| 1:34.4 | didn't publish the full text and then a little bit later on it leaked out that Elon had |
| 1:39.1 | sent an email to everyone's are kind of just like we had seen a day ago or whatever that |
... |
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