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Tesla Daily: Tesla News & Analysis

New Details From Tesla Earnings + India, Cybertruck, X (07.24.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 25 July 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

➤ New details from Tesla’s 10-Q quarterly filing
➤ Calendar
➤ UBS downgrades TSLA stock
➤ India discussions continue
➤ New Cybertruck photos / video
➤ Twitter begins to rebrand to X

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Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast
Tesla Referral: https://ts.la/robert47283

Executive producer Jeremy Cooke
Executive producer Troy Cher asaro
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

Click on a timestamp to play from that location

0:00.0

Hey everybody, we're out of my way here and today we're going to go through Tesla's

0:10.0

10Q quarterly filing.

0:11.0

We get some more interesting details on Tesla's earnings report, and I know it's a

0:15.0

10Q, but we'll keep it interesting.

0:16.8

We've also got some updates on the cyber truck, a busy calendar week this week, and a

0:20.6

couple other items as well.

0:22.2

Alright, turned into a pretty nice day for Tesla stock to start the week off after a

0:26.4

rougher reaction to earnings at the end of last week.

0:29.2

Tesla today up about 3.5% closing at $269.6.

0:33.6

The NASDAQ today only up to 2% of a percent, also trailing the Dow and the S&P.

0:38.4

That NASDAQ 100 rebalance that reduced the weight of the top market cap stocks in the

0:42.8

NASDAQ 100, including Tesla.

0:44.8

That took effect today, so any benchmarking or front running of that adjustment was

0:48.4

probably completed on Friday, and this was probably our first day without that impact

0:52.4

in quite some time.

0:53.8

Enough to know exactly how impactful that was, but definitely glad that we are now through

0:57.4

that period.

0:58.4

As we look ahead to the rest of this week, it should be a busy one.

1:01.0

Of course, we have the FOMC meeting and industry decision on Wednesday.

1:05.0

We've got PCE, personal consumption expenditures on Friday.

1:08.4

And although Tesla has already reported, there are a ton of earnings reports this week,

1:12.2

which could cause some volatility in the markets.

...

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