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Tesla Daily: Tesla News & Analysis

New State EV Credit, TSLA Option Exercise, NVDA Skyrockets, Tesla Berlin Event? (05.24.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 25 May 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

➤ Nvidia rockets after earnings beat, strong guidance
➤ DeSantis Twitter space crashes
➤ Tom Zhu exercises TSLA options
➤ New state adds EV credit
➤ More insight on brand ranking
➤ EV mileage comparison published
➤ Giga Berlin sets up for a possible event

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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

Click on a timestamp to play from that location

0:00.0

Hey everybody, we're all back here and today most of the news items that are sort of important

0:13.0

today are falling a little bit adjacent to Tesla.

0:15.4

We do have some Tesla items that we'll talk about, but kind of the big stories right now

0:18.5

in video earnings, the DeSantis Twitter space, so we'll touch on those and then get into

0:22.6

some of the Tesla-related news, which should be relatively brief to take.

0:26.9

All right, looking at the stock, Tesla and the day-to-day down one and a half percent

0:29.5

to close at $182.90, well, the NASDAQ was down 6.10% of a percent on the day.

0:34.6

Tesla recovering a bit after hours, up about 1.25% right now, of course, following Nvidia's

0:40.1

earnings, which seems to be providing a lift to a number of stocks right now.

0:45.1

So just to quickly touch on that, Nvidia did beat expectations today, but more importantly,

0:50.8

they gave really, really strong guidance for Q2.

0:55.4

Analyst expectation for Q2 was for Nvidia to report about $7.2 billion, and they actually

1:00.3

guided for sales of $11 billion, so a little bit higher than 50% above analyst expectation,

1:06.6

which is resulting in last time I checked about a 25% increase in Nvidia stock after hours.

1:12.2

So just kind of goes to show the interest in AI right now and how that is benefiting Nvidia

1:19.7

and hopefully down the line, we see that also in different ways benefit Tesla as well.

1:24.9

But just kind of interesting to see what's going on in the markets and sort of the wave

1:28.2

there.

1:29.2

I mean, we've seen Palantir over the last few days performably well since their earnings

1:32.8

report, they seem to be jumping significantly after hours today on this report too.

1:37.0

So just a lot of interest flowing into that space in the capital markets right now, which

1:42.7

obviously has some correlation to Tesla in certain ways.

...

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