4.8 • 1.1K Ratings
🗓️ 16 November 2021
⏱️ 11 minutes
🧾️ Download transcript
➤ Elon Musk explains the mechanics of his ongoing sale of Tesla stock
➤ Reported China production numbers
➤ Tesla Semi spotted charging, Musk comments on Pepsi deliveries
➤ Starlink receivers spotted at Tesla locations
➤ Toyota teams up with other companies on engine development
➤ Canada comments of US EV credit structure
➤ Motor Trend selects 2022 car of the year
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Plaid producer Who Why
Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Jeffrey Yu
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
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0:00.0 | Hey everybody Rob Mauer here and today we'll of course talk about the latest on Elon Musk |
0:11.6 | continued stock sale but I know we've been talking a lot about that so I do want to |
0:15.0 | shift the focus a little bit we do have exciting numbers to talk about out of China an update |
0:18.7 | on the Tesla semi and a couple of other interesting stories to cover. |
0:23.2 | Just a quick note here I am traveling this week so the audio might sound a little bit different |
0:27.3 | and the schedule is going to be a little bit wonky as I have to coordinate a few different |
0:31.1 | things so things might be a little less consistent this week and we might have to mix in some |
0:34.6 | live streams and things like that so I appreciate you guys bearing with me through that. |
0:38.5 | With that being said let's take a look at the stock which finished down almost 2% today |
0:42.2 | to $1,013.39 and actually most of the day traded below that $1,000 per share mark kind |
0:48.9 | of interestingly I don't know about an hour before close or so so a really big spike up |
0:53.6 | and unfortunately I'm not really sure what was happening there. |
0:56.6 | There were some rumors on Twitter that maybe that was coinciding with Elon making the |
1:00.2 | decision to stop selling shares on the open market and instead sell directly to an institution |
1:05.3 | at a discount. |
1:06.3 | Unfortunately I don't have any insight into the credibility of those rumors so for me |
1:10.1 | I'm kind of just ignoring that at this point. |
1:12.1 | I would find it a little bit surprising I mean Elon has come this far selling on the |
1:15.3 | open market so to me that kind of just feels like wishful thinking but obviously something |
1:19.5 | happened there that caused the stock to shoot up and maybe at some point we'll find out |
1:23.0 | maybe not. |
1:24.1 | The other thing that was kind of going on around that time is that the trillion dollar |
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