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Tesla Daily: Tesla News & Analysis

Pricing Updates, Cybertruck Event, Cruise Expands Suspension, Dealer Profit (10.27.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tsla, Model3, Technology, News, Tesla, Investing, Tech News, Modely, Business, Models, Modelx

4.81.1K Ratings

🗓️ 27 October 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

➤ Tesla adjust Model Y prices
➤ September PCE
➤ Cybertruck delivery event raffle begins
➤ New color for S/X
➤ Highland FSD details
➤ Tesla still discussing investment with Indonesia
➤ Tesla workers in Sweden begin strike
➤ Cruise suspends all autonomous rides
➤ Waymo begins Uber integration
➤ GM / Stellantis give UAW new offers
➤ Autonation reports declining profits

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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

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 now. We're here happy Friday. Today we've got some pricing updates

0:10.9

from Tesla, a little bit of news on the cyber truck delivery event, updates on autonomous

0:15.4

driving services and a few other items as well. Right, looking at the stock, a little

0:19.6

bit stronger close to the week to this week for Tesla and for the markets. The markets

0:23.4

up and the NASDAQ up about four tenths of a percent. Tesla doing a little bit better

0:27.1

up three quarters of a percent to close out the week at $207 and 30 cents. We did get

0:33.3

the PCE or personal consumption expenditures report this morning, largely in line with

0:38.0

expectations. I would say a little bit higher. We can see from Bloomberg's recap here,

0:42.4

headline number came in one tenth of a percent higher at four tenths of a percent versus

0:45.9

the estimate of three tenths of a percent core coming in line, but a little bit higher

0:49.2

than what we have seen recently if I recall that correctly. However, not much of a change

0:54.1

to the expectations for the FOMC meeting next week. So if we just take a quick look at

0:58.6

the calendar ahead of time normally we grab up the episode with that, but big thing next

1:02.6

week, going to be of course continued earnings and the FOMC meeting on Wednesday. So we're

1:07.5

coming up on that already. That'll be mid day on Wednesday. And then back to these expectations,

1:13.8

actually starting to see a little bit of a percent chance in terms of expectations for

1:17.8

a rate cut. I don't think that's pretty likely. So most of what we'd be looking for since the

1:23.7

market seems pretty unanimous on no increase this time around would be commentary from the fed

1:29.4

statement and Jerome Powell's commentary afterwards. So we'll keep an eye on that next week. Definitely

1:34.6

we'll have an impact getting into the news for Tesla. Tesla has today shared a cyber truck

1:40.2

delivery event raffle on the investor relations page. So you can find this at ira.tesla.com.

1:45.4

And if you are a verified shareholder or if you have pending verification status, you can

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