Musk Sale, Factory Rumor, Texas Production, Tesla Electric, EOQ, Reliabilty, F-150 (12.15.22)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 16 December 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
➤ Report on possible new Tesla factory location
➤ Elon Musk discloses TSLA stock sale
➤ Giga Texas hits production rate milestone
➤ Tesla launches Tesla Electric
➤ Update on Giga Shanghai
➤ Tesla adds end-of-quarter incentives
➤ FSD Beta 10.69.3.3 begins public rollout
➤ Consumer Reports comments on Tesla reliability
➤ California approves EV charging investment
➤ Ford increases F-150 Lightning prices
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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
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody, Rob Mauer here. Thanks for your patience again with the later start here. |
| 0:11.2 | The busy week carries on. We've got a lot to discuss with Tesla as well. Starting off |
| 0:15.7 | with Elon Musk's telling stock yesterday, of course, we'll talk about that the episode |
| 0:19.0 | coming out right as we got the form for, of course. So I'll share some of my thoughts |
| 0:23.4 | on that and then we do have quite a few other Tesla items from today to discuss as well. |
| 0:29.6 | So we'll start off with the stock Tesla, fairing a little bit better than earlier this |
| 0:33.2 | week. No surprise now with the Elon selling, but the stock finishing up half a percent |
| 0:37.0 | a day, closing at $157.67, while the NASDAQ was down significantly 3.2%. So huge outperformance |
| 0:44.4 | from Tesla, likely a reaction to the market viewing Elon as maybe being done selling. |
| 0:51.4 | Of course, whoever really knows on that, you know, I shared my opinion on that. As I |
| 0:55.4 | said, low-conviction opinion, which a lot of people seem to forget, but that I didn't |
| 0:59.9 | think he was obviously wrong on that one. So here to face my shame. But anyway, another |
| 1:07.1 | high volume day for Tesla today as well, 120 million shares treated. But of course, with |
| 1:11.4 | this outperformance, certainly would make it surprising if there were more selling continuing |
| 1:15.4 | after we got the form for from Elon. But, you know, obviously I haven't not been great |
| 1:19.9 | at calling that. So we will see. Anyway, here is that form for Elon Musk selling about |
| 1:25.6 | 22 million shares of Tesla for about $3.6 billion. This was happening on Monday through Wednesday. |
| 1:34.7 | So I think we probably saw him and on Wednesday morning, which we had talked about where |
| 1:37.5 | we've seen that sell off early in the morning and then started to seem a rebound before |
| 1:41.6 | the FOMC meeting kind of got in the way of all of that progress, but that seems to continue |
| 1:47.1 | today. So my feelings thoughts on this, you know, I don't think I really care as much |
| 1:54.5 | as people care. I know people have had pretty strong reactions to this, but you know, |
... |
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