4.8 • 1.1K Ratings
🗓️ 22 December 2023
⏱️ 17 minutes
🧾️ Download transcript
➤ Elon Musk joined Cathie Wood of ARK Invest on X Spaces
➤ Wedbush raises TSLA price target
➤ Cybertruck correction
➤ More Cybertruck order invitations
➤ Reuters reports on 4680 batteries for Cybertruck
➤ Model Y actually sets new record in Denmark
➤ Toyota subsidiary rigs safety tests, pauses production
➤ Some Ford dealerships decline EV updates
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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
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0:00.0 | Hey everybody Rob Maower here and today we're going to go through some highlights from Elon Musk's discussion with Kathy Wood of Arkenvest on X-Spaces today. |
0:14.4 | We've also got a couple updates on the Cyber Truck, including a report on 4680 battery production, |
0:18.7 | and reports on our updates on Toyota Ford and a few other items as well. |
0:24.1 | Right, looking at the stock, nice day, but Tesla up 3% to $254.50 cents. |
0:29.1 | Nasdac also with a strong day today bouncing back up and a quarter percent so Tesla kind of |
0:33.6 | following a little bit better than its normal beta but mostly probably macro-driven |
0:37.4 | performance today. I believe after market closed we did get an update from |
0:41.1 | Wedbush's Dan Ives and else covering Tesla. |
0:43.5 | Says they're raising their target price for Tesla from $310 per share to |
0:47.8 | 350 dollars per share based on their increasingly bullish view of further EV share |
0:52.1 | gains and margin stabilization in 2024. on their increasingly bullish view of further EV share gains |
0:52.8 | and margin stabilization in 2024. |
0:55.4 | We believe Tesla will reach the $1 trillion market cap |
0:58.0 | in 2024 as the next phase of Girl Story |
1:01.6 | underway with Musk and Company. So I like this. Obviously it's nice to |
1:06.7 | see a price targeted increase but I like his comment just about margin |
1:08.8 | stabilization and further EV share gains, especially in the context of |
1:12.4 | what we've seen announcements from other |
1:13.7 | automakers, particularly in the US, dialing back their E.B. growth plans a little bit. As Tesla |
1:18.8 | continues to take more of that market share, if margin does stabilize, that will mean eventually earnings per share growth |
1:24.8 | returns we haven't really seen that for Tesla for a while it's it's been a period of |
1:28.5 | obviously margin contraction in terms of profitability or you know gross margins at least so at some point those |
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