Musk/Tesla Boosted by SpaceX, VW Dieselgate Liability, German Auto Subsidies (06.01.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 2 June 2020
⏱️ 7 minutes
🧾️ Download transcript
Summary
➤ SpaceX successfully launches and docks Crew Dragon Demo-2 mission, causing a spike in interest in Tesla and Elon Musk
➤ US court of appeals ruling may expose Volkswagen to more dieselgate liability
➤ Germany expected to introduce stimulus package supporting automotive sales
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Ludicrous producer Fred Hassen
Executive producer Rish Singh
Executive producer Jeremy Cooke
Executive producer Nick Wood
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre Kent
Executive producer Bryce Langlotz
Editing assistance by Jasem Ashkanani
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody Rob mower here and today we are talking about SpaceX's successful launch over the weekend and its impact on Tesla, some news on legal liability |
| 0:15.1 | from Dieselgate for Volkswagen, Germany subsidies, and a couple other notes. |
| 0:19.8 | Tesla stock on the day-to-day with a really strong day day up 7.6% to $898 |
| 0:25.0 | 10 cents that compared to the NASDAQ up 7 tenths of a percent. |
| 0:29.0 | All right, so first off huge congratulations to SpaceX to NASA to Elon to the whole team involved in the successful |
| 0:35.1 | Crue Dragon demo two mission over the weekend. Reminder this is the first crude US spaceflight |
| 0:39.6 | launched in the US since 2011 and the first by a private company ever in history. |
| 0:44.3 | Those are incredible milestones but not the only reason for importance of this mission. |
| 0:48.2 | This is also important because this was the last major test for SpaceX's human |
| 0:52.4 | spaceflight system to be certified for operational |
| 0:55.2 | crew missions in the future. |
| 0:56.9 | So a very exciting accomplishment, of course, that success bleeds over to Tesla. |
| 1:00.4 | That's probably one of the reasons that the stock price reacted today the way that it did. |
| 1:04.3 | This is yet another moment that I would call sort of a proof of concept of Elon Musk, |
| 1:08.8 | not that this is solely his accomplishment, that's obviously not the case. |
| 1:11.9 | But there are still plenty of people out there that believe that Elon Musk and the companies behind him are fraudulent or are smoking mirrors and never accomplish anything. |
| 1:20.0 | It's almost hard to believe at this point, but every accomplishment like this convinces more and more people that OK, Elon actually does have credibility. |
| 1:27.5 | That credibility boost easily transfers over to Tesla. |
| 1:30.5 | We also talked last week about the publicity impact. We saw a significant increase in search interest for Tesla around the time of launch on Wednesday, which was of course scrubbed. |
| 1:40.0 | And unsurprisingly, this time around with the launch actually occurring, we saw an even bigger spike. |
| 1:44.6 | Right around 2 p.m. Central time on Saturday, right before launch, we saw Tesla search interest |
| 1:48.8 | spike to an index of 100 on Google trends for the week in the United States. |
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