New Cybertruck Variant, Stock Sale Update, FSD Beta 10.6, Mobile App, Recall, Megapack (12.03.21)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 4 December 2021
⏱️ 9 minutes
🧾️ Download transcript
Summary
➤ Elon Musk announces new version of the Cybertruck and confirms feature
➤ Catching up on Elon Musk’s TSLA stock sale
➤ FSD Beta 10.6 timeline
➤ Tesla mobile app update
➤ Model Y recall in China
➤ Megapacks spotted in large numbers at Giga Nevada
➤ Tesla supplier discusses Giga Press on earnings call
➤ Ford reportedly delays F-150 Lightning deliveries
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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
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| 0:00.0 | Hey everybody, Rob Mauer here. Happy Friday. Today, we're going to be talking about some |
| 0:10.9 | exciting updates on the Cybertruck from Elon Musk. We've also got a little bit of news |
| 0:14.7 | on the FSD Beta, a Tesla app update, a recall for the Model Y in China, some news on Tesla |
| 0:20.6 | energy, casting, and a couple other things as well. And then last night, we did get more |
| 0:24.9 | Form 4s for Elon Musk's stock sale, so we'll catch up with that. Looking at the stock, |
| 0:30.1 | maybe someone would prefer that we didn't do that today, but tougher day, Tesla finishing |
| 0:33.4 | down 6.4% to $1,014.97. The NASDAQ was down 1.9%, and we can see how growth stocks |
| 0:41.7 | fare today versus value. Generally, the Dow was only down 2.5% so in general today, more |
| 0:47.5 | growth oriented stocks getting hit harder, and EV companies as well, NIO was down 11% today |
| 0:52.4 | expecting down 9%. Fiskered down 7, Riviend down 5.5, loose it a little bit better at |
| 0:57.5 | down 2.5%, but pretty much just a tough day across the board. I doubt there was really |
| 1:01.1 | anything too much. Tesla specific today, we'll see if Elon continued selling. If so, that |
| 1:05.7 | could have exacerbated some of the macro movement that we had today. |
| 1:09.4 | As I mentioned last night, we did get more Form 4s disclosing further selling of Tesla |
| 1:13.2 | stock from Elon Musk. These disclosed sales from the same day, so Thursday, December |
| 1:17.1 | 2nd. And just like the last few rounds we have seen, this was a pre-planned sale, paired |
| 1:22.2 | with exercising a portion of his 2012 CEO performance award. So just like we have seen |
| 1:27.0 | before, about 2.1 million shares exercised and acquired, and then 934,000 sold to cover |
| 1:33.1 | the tax bill on that exercise. So total now, Elon has sold just over 10 million shares. |
| 1:38.7 | If we assume his 10% target is 17 million shares, he would be 59% of the way through. If |
| 1:44.0 | it is higher and include some of his bested but not yet exercised shares, then it could |
| 1:47.7 | be as low as 40%. So somewhere between 7 and 15 million shares yet to go, and looking |
... |
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