Musk Interviewed by Ron Baron, German EV Incentives, Telecom License, Credit Pushbacks (11.04.22)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 5 November 2022
⏱️ 20 minutes
🧾️ Download transcript
Summary
➤ Ron Baron interviews Elon Musk about Tesla, Twitter, SpaceX
➤ Ron Baron shares valuation expectation for Tesla stock
➤ Tesla updates customers on incentive deadline
➤ Tesla applies for telecom license in Canada
➤ Japan, South Korea push back on EV incentive plans
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Executive producer Jeremy Cooke
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Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hey everybody Rob now we're here happy Friday it has been a busy week a lot of action in |
| 0:12.3 | Elon's first full week of owning Twitter so congratulations to everyone that has made |
| 0:17.3 | it through it it's been a lot I know to keep track of and take notes on so starting off |
| 0:24.6 | the stock today well first let's talk about what we're going to talk about we've got |
| 0:27.7 | the Ron Baron interview with Elon Musk that happened this morning so a lot of different |
| 0:31.6 | things on both Tesla and Twitter and that that we'll talk about just kind of hit the |
| 0:35.1 | summary of that and then we do have a couple of other Tesla and more general items as |
| 0:39.3 | well looking at the stock though here first Tesla down 3.6% today to close at $27.47 |
| 0:46.7 | pretty significant underperformance as the NASDAQ was up 1.25% so basically just giving |
| 0:51.6 | back the overperformance that we've had the last couple of days for Tesla unfortunately |
| 0:56.8 | did seem to start a little bit around the time that Elon's interview happened this morning |
| 1:02.2 | this downtrend but we pull up the NASDAQ here as well kind of happens around the similar |
| 1:07.4 | time I mean the NASDAQ was it up up about 2% by the time Elon started his presentation |
| 1:12.6 | and then by the time you finish you know up maybe half a percent or and then even dipping |
| 1:18.4 | out the red a little bit after so it did seem like Tesla dropped quite a bit when Elon |
| 1:23.7 | was on but so did the general market so unless you feel like Elon was dropping it the whole |
| 1:29.0 | market then I don't know exactly how much correlation but certainly we saw a deeper hit on |
| 1:34.2 | Tesla so kind of tough to say anyway before Elon did go on Ron Baron was on CNBC talking |
| 1:41.0 | about some of his expectations for Tesla and as usual he is very bullish he said that |
| 1:46.9 | he thinks he's going to make 7 times his money in the next 10 years on his Tesla investment |
| 1:51.5 | they have about 4 billion invested right now and he said that in the next couple of years |
| 1:55.7 | so probably three years or so in 2025 he expects a sheer price of around 500 to 600 dollars |
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