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Tesla Daily: Tesla News & Analysis

Production Rumors, Autopilot Test, Indonesia, Uber (05.16.22)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 17 May 2022

⏱️ 13 minutes

🧾️ Download transcript

Summary

➤ Production rumors on Giga Berlin and Giga Shanghai
➤ TSLA underperforms broader market
➤ Bridgewater Associates sells out of TSLA
➤ 4680 batteries at Tesla Automation in Germany
➤ Elon Musk hosts president of Indonesia
➤ FSD Beta 10.12 update
➤ Tesla Autopilot tested by AAA
➤ Uber adds feature for requesting EVs
➤ Tesla Semi orders
➤ Elon Musk participates in All In summit

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 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, Rob Mauer here. Welcome back to Tesla Daily. Today we are talking about

0:11.5

updates on Gigabril Lynn, Gigashang High. We've got news on Tesla and Indonesia, news

0:16.4

on FSD some reporting on autopilot and a few other stories to cover as well. Pretty tough

0:21.0

start to the week 4 Tesla stock today finishing down 5.9% closing at $724.37. This was

0:27.3

significantly underperforming the NASDAQ which closed down 1.2% on the day. Didn't seem

0:31.3

to be anything particularly sector-related causing Tesla to underperform among automakers

0:35.8

Tesla performed worse today too so who knows what's going on I'm sure most people will

0:39.4

look at the lack of any clear reason and point to Twitter. It's an easy excuse and maybe

0:43.9

there's some validity to that but we won't spend much time on that today it's really

0:47.4

just been more back and forth between Elon and Twitter and Parag. About what percent of

0:51.4

Twitter's users are but so more to come on that I'm sure but we'll skip it for today.

0:55.4

The only other thing that I saw that people might tie to the stock performance was news

0:58.7

that Ray Dallyo's fund Ridgewater Associates did close their Tesla position in the first

1:02.7

quarter so maybe people following those trades or getting nervous because of that closing

1:07.2

of the position but aside from the headlines it's pretty inconsequential that you only

1:10.7

had 25,000 shares of Tesla stock which yes would be a lot for an individual but not

1:15.2

for their fund if they have $25 billion worth of assets under management so their Tesla

1:19.2

position was a little bit over a tenth of a percent of their fund actually underweight

1:23.0

Tesla then compared to the S&B 500 so it's not like they had some high conviction in Tesla

1:27.2

in the first place that they're now changing pretty inconsequential all around.

1:31.4

Alright so getting into some of the other news I want to start off in Germany we've got

1:35.2

updates on Gigabre Linn and other items as well. First off a report on the production

...

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