Musk Stepping Down at Twitter? + Giga Mexico, Berlin Production, Oppenheimer Downgrade, EV Credit (12.19.22)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 20 December 2022
⏱️ 16 minutes
🧾️ Download transcript
Summary
➤ Elon Musk polls Twitter users on whether he should step down as the head of Twitter
➤ Additional reporting on possible Tesla factory in Mexico
➤ Tesla hits Giga Berlin production milestone
➤ More incentives added in China
➤ Oppenheimer downgrades TSLA stock
➤ Deutsche Bank issues TSLA note
➤ New FSD Beta update rolling out to employees
➤ Tesla hits solar milestone
➤ Treasury Department comments on EV credit
➤ Toyota comments on EVs
➤ Starlink passes 1M subscribers
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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
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| 0:00.0 | Hey everybody, Rob now, we're here. Welcome back to Tesla Daily. Today we are talking |
| 0:11.0 | about Elon Musk and Twitter. We also have updated reporting on a possible factory for Tesla |
| 0:15.6 | in Mexico, news on Gigaburlin, Shanghai, updated analyst notes from Oppenheimer and Deutsche |
| 0:21.0 | Bank, and more. Interesting day for Tesla's stock today, finishing down a quarter percent |
| 0:25.6 | to $149.87, while the NASDAQ was down 1.5% on the day. So a decent overperformance after |
| 0:32.6 | pretty significantly underperforming earlier in the day. It was also another high volume |
| 0:37.0 | day for Tesla today, about 140 million shares traded, pretty similar to Friday's volume. |
| 0:41.9 | So obviously a lot going on right now, I'll let people make their own decisions for what's |
| 0:45.5 | driving the stock in what direction, but of course, one of the most noteworthy items from |
| 0:49.4 | this weekend, another Twitter poll from Elon Musk where he asked, should I step down as |
| 0:52.8 | head of Twitter, I will abide by the results of this poll, about 17.5 million votes, 57.5% |
| 0:59.2 | coming in, yes, and that poll is now closed. As I am recording, of course, subject to change |
| 1:03.6 | at any moment, but Elon has yet to tweet since the closure of that poll. He did have a couple |
| 1:07.8 | of follow-up tweets on that last night before the closure, a little bit of back and forth |
| 1:11.7 | with Lex Friedman who had volunteered for the role, and he had also then said, no one |
| 1:15.5 | wants the job who can actually keep Twitter alive, there is no successor. So for the moment, |
| 1:20.1 | we don't know what the course of action will be, I think there's a pretty easy out for |
| 1:24.0 | Elon in either direction of this poll, if the result was yes, as it was, Elon can say, |
| 1:28.8 | okay, working to find a replacement, which he had already said in court was his eventual |
| 1:33.0 | intention, though probably not this soon. If the result was no, he could have said, okay, |
| 1:37.3 | I'll keep doing the job until we find a good replacement. So we'll see on this, this |
| 1:41.4 | is very reminiscent of the leadership scuffles at PayPal back in the day, those of you that |
... |
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