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Tesla Daily: Tesla News & Analysis

Musk Reports Sale of Tesla Stock, Rivian Completes IPO, Texas Land, China Model Y, BMW, Emissions (11.10.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

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

4.81.1K Ratings

🗓️ 11 November 2021

⏱️ 15 minutes

🧾️ Download transcript

Summary

➤ Elon Musk files Form 4 disclosing sale of Tesla stock, but some uncertainty remains
➤ Bank of America increases TSLA price target
➤ Elon Musk tied to new land purchase in Texas
➤ Wait times grow for Model Y in China
➤ Rivian completes initial public offering as shares soar
➤ BMW resorts to incomplete vehicles due to supply issues
➤ Select governments and automakers commit to zero-emissions vehicles while others abstain
➤ Nvidia shares more details on next-generation autonomous driving product
➤ Australia commits funding for EV charging

Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast
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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

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody Rob now we're here and today we're doing a little bit of a hybrid episode

0:11.4

we're going to be doing the first portion live and then we'll get into more of the

0:15.4

normal formats because I'm having to re-record because as I was recording we got a huge update

0:20.8

here on Elon's stock sales stock sale status.

0:26.3

So we did get SEC filings form force today from Elon as you can see as that has happened

0:31.9

that the stock has risen after hours after a successful day to day up 4.3% to close at

0:37.3

$1,670, not $670 yet and then after hours rising by another $25 per share as I'm recording

0:47.4

here.

0:49.3

What I had originally said in my original intro is that I was a bit surprised by the

0:52.4

strength today because there is still that uncertainty looming on if Elon had completed

0:57.0

the sale or if that was still ongoing or what the deal was so kind of the same stuff

1:01.3

that we had talked about on Tuesday but anyway that doesn't matter now because after

1:05.1

hours we do have an update on that you can see here on Tesla's IR page to form force being

1:11.2

filed.

1:12.2

So if we click and look at those we can see what the transactions here are obviously these

1:16.8

are for Elon Musk and we can see that he acquired.

1:20.8

So you get the little A symbol there for acquired 2.15 million shares and we can see down

1:27.4

here that is from exercising his non qualified stock options.

1:32.3

So the pool of options that we have been talking about earlier this week.

1:36.3

So obviously that was 22.8 million this is only a small portion of that and these are

1:41.2

for transaction dates of 11.8 so November 8th and that is Monday.

1:46.3

So as we've been talking about form 2 you've got 2 days to file it.

...

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