Lithium Contract, Twitter Update, Texas Incentives, Apple CarPlay, Rivian Letter (06.06.22)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 7 June 2022
⏱️ 23 minutes
🧾️ Download transcript
Summary
➤ Tesla finalizes lithium supply contract
➤ Elon Musk pushes back on Twitter in new SEC filing
➤ Tesla denied EV incentive in Texas
➤ New Tesla Energy project opens
➤ Apple unveils next-generation CarPlay interface
➤ Gates defends TSLA short
➤ Solar tariffs cut
➤ Supercharger map updated
➤ Rivian sends letter to shareholders
➤ Starlink gets permission in France
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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
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody, Rob Mauer here, and today we are going to be talking about the week ahead. |
| 0:11.4 | We've also got news on a lithium contract for Tesla, updates on Musk's Twitter acquisition, |
| 0:16.7 | some energy news, a shareholder letter from Rivian, some news on SpaceX, and a few other |
| 0:21.1 | items as well. |
| 0:22.6 | And as I mentioned on Friday, this week is going to be a live stream week, as editor |
| 0:26.8 | Jossum is on vacation, so I appreciate your patience with a little bit less edited style |
| 0:32.8 | this week. |
| 0:34.0 | Alright, so looking at the stock, pretty uneventful start to the week, Tesla up 1.6% today, |
| 0:37.8 | to just under $750 per share, and as deck up, 4% of a percent, should be a pretty interesting |
| 0:43.8 | week this week in the markets, as of course, on Friday, we do have the CPI report for May. |
| 0:49.7 | Obviously, a lot of repercussions of that, as we look through and await the next Fed meeting, |
| 0:58.7 | and see what interest rates do from here, if we do get a higher CPI number, that would reflect |
| 1:04.0 | on the next Fed meeting, probably increasing the expectation for interest rate increases, |
| 1:10.1 | and the commentary around those, which is almost just as important. |
| 1:13.6 | So investing.com right now has the forecast for the month of a month increase in CPI to be |
| 1:17.9 | half a percent. It looks like that has been rising a little bit. This hasn't seemed to be the |
| 1:22.2 | most updated number when I've looked at it, but Morningstar is reporting that, according to |
| 1:27.9 | a survey from the Wall Street Journal, compiling estimates, the current expectation is 0.7% |
| 1:33.6 | in terms of that month and month increase for the May numbers, so it looks like those expectations |
| 1:38.1 | have been rising a little bit, and that 0.7% increase probably tracks somewhere around an 8% |
| 1:43.9 | year-over-year number, which is right around what we've been seeing there for March and April. |
| 1:48.9 | We'll see if the number comes in higher than that, then that would deteriorate the argument of |
... |
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