Outperforming Competition in China, Giga Texas Rumor, Dojo, California, Twitter Fallout (08.24.22)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 25 August 2022
⏱️ 15 minutes
🧾️ Download transcript
Summary
➤ Tesla completes final trading day before stock split
➤ China automakers lagging behind Tesla profitability in China
➤ Giga Texas production rumor
➤ Tesla presents at Hot Chips conference
➤ Hot Chips 1: https://bit.ly/3Cp85bs
➤ Hot Chips 2: https://bit.ly/3ALuYEQ
➤ California plans to ban ICE sales by 2035
➤ Volkswagen and Mercedes-Benz secure minerals agreements
➤ Twitter whistleblower fallout continues
➤ Full Twitter complaint: https://bit.ly/3KmWxr1
➤ SpaceX set to announce agreement with T-Mobile
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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 and today we are going to be talking a little bit about |
| 0:10.9 | Tesla in China. |
| 0:11.9 | We've also got a rumor on to get Texas, some news on California banning internal combustion |
| 0:18.2 | engine vehicles, more fallout from the Twitter whistleblower and a couple of other items |
| 0:22.5 | as well. |
| 0:23.7 | So first things first here, this is the final day of Tesla trading around $900 per share |
| 0:28.5 | because of course tomorrow this stock split will take effect. |
| 0:31.9 | Tesla closing today up to 10% to around $891 per share. |
| 0:35.7 | So post split price depending on what happens in after hours and pre-market tomorrow should |
| 0:39.7 | be around $297 per share. |
| 0:42.6 | So just prepare for that when you open your accounts tomorrow. |
| 0:45.9 | This will also affect options if you have any options contracts. |
| 0:48.8 | Those will also follow the same logic as a split. |
| 0:52.3 | There'll be three times as many contracts and they'll be worth a third of the price. |
| 0:57.8 | So same thing happens there, sometimes it takes brokerages a little bit of time to get |
| 1:01.3 | this all sorted out. |
| 1:02.3 | So you might see some weirdness in your account, especially in percent changes tomorrow. |
| 1:06.6 | Just something to be aware of. |
| 1:07.4 | But we are now on our last trading day of the pre post split trading process. |
| 1:13.8 | Now I have to talk pre split, pre split, it'll be even more confusing but yeah, should |
| 1:20.6 | be a good time. |
| 1:23.2 | I don't have one thing I did want to mention, I forgot to pull up the link here, unfortunately, |
... |
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