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Tesla Daily: Tesla News & Analysis

Musk Comments on Performance Cybertruck, Giga Texas Growth Plans, UAW Strike Expands (09.22.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tsla, Model3, Technology, News, Tesla, Investing, Tech News, Modely, Business, Models, Modelx

4.81.1K Ratings

🗓️ 23 September 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

➤ Elon Musk comments on performance version of Tesla Cybertruck
➤ Nasdaq has worst week in six months
➤ Tesla outlines Giga Texas growth plans
➤ Giga Berlin credited for state economic growth
➤ Giga Mexico update
➤ Tesla engineers detail vehicle audio systems
➤ Interesting new Supercharger opening
➤ UAW expands strike, comments leak

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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

Click on a timestamp to play from that location

0:00.0

Hey everybody, Rob Manor here. Happy Friday. Today we are going to be talking about some

0:11.0

new comments from Elon Musk on the Cybertruck. We've got updates on Gigatexis and Gigamexico.

0:16.3

The UAW has expanded their strike and a few other items as well.

0:19.9

Alright, starting off with the stock, Tesla today down 4.2%, not quite 4.20, but 4.2%

0:26.0

closing at $244.88 on the day. Significant underperformance, the NASDAQ only down a tenth

0:31.2

of a percent today, but if we look at the stock market for the week, it was actually the

0:36.3

worst week for the NASDAQ since March, so about six months or so. Not a great week,

0:41.1

the NASDAQ was down 3.6% for the week, so this is actually the third straight negative

0:46.9

week for the NASDAQ. So the market's actually been pretty tough out there. Tesla has been

0:50.8

holding up pretty well during that period of time, although the underperformance today.

0:54.8

Tesla over the last month, up about 3.3%, the NASDAQ down about 3.7%. So just always going

1:01.2

to keep that context in mind as we look at Tesla, despite, again, that are performance

1:05.2

for today.

1:06.2

Alright, I want to start off actually with Gigatexis. We'll talk about Elon's comments

1:09.4

on the Cybertruck here in a second, but we've gotten an update from the Austin Business

1:13.3

Journal on a presentation that was given by Jason Shahan of Gigatexis. Tesla is director

1:20.9

of manufacturing at Gigatexis. A couple of updates came out of this, not a whole lot

1:25.0

of new information, but noted that Tesla now employs 20,000 people at Gigatexis, making

1:30.7

it the second largest private employer in the region so far, second to HEB, I believe,

1:35.3

which has just over 20,000, so Tesla should be surpassing that to become the largest employer

1:40.1

in the Austin area pretty soon. So this count is actually going to continue to rise,

1:45.3

as I mentioned there.

...

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