4.8 • 1.1K Ratings
🗓️ 29 September 2023
⏱️ 19 minutes
🧾️ Download transcript
➤ Rob Maurer discusses what to expect ahead of Tesla’s Q3 delivery and production report
➤ UAW expands strike
➤ Texas update
➤ Tesla hosts Installer Day
➤ PCE comes in light
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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
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0:00.0 | Hey everybody Rob now we're here happy Friday today we are going to be going through expectations |
0:11.4 | for Tesla's Q3 delivery and production report which we should get early next week we'll |
0:15.3 | talk about the timing of that in a second as well and then we do just have a few quick |
0:18.6 | updates to go through before then for the news today. |
0:21.8 | Thankfully a pretty quiet day though Tesla up 1.6% on the day to close the week at $250 |
0:26.8 | 22 cents while the NASDAQ up 1.10% on the day. |
0:31.0 | As we had talked about we did get the core or the PCE report today core did come in a little |
0:35.7 | bit lower than expectations as did the headline result month over month year over year numbers |
0:39.6 | came in in line with expectations as we can see with the chart from Bloomberg here. |
0:44.4 | So overall probably a pretty good reading from the PCE report I don't want to spend |
0:48.6 | a ton of time on it today but with the report coming in generally a little bit lighter than |
0:52.9 | expected the expectations for interest rates to remain pause for the November meeting |
0:58.3 | for the Fed did increase just a bit from where they were at yesterday and certainly from |
1:03.1 | a week ago that being said for December and January expectations those largely stayed the |
1:08.6 | same as they were yesterday so a little bit better in terms of the expectations from |
1:13.5 | the result of the PCE report and we'll keep an eye I think the next report relating |
1:17.4 | to inflation will probably be in a couple weeks with CPI now kind of the other big thing |
1:21.9 | in the auto industry today the UAW has expanded their strike kind of interesting tactics |
1:26.6 | that they're taking here of course we know that they're striking all three of the big |
1:29.9 | three but last week they kind of spared a Ford from expansion saying that Ford had brought |
1:35.5 | better terms to the negotiating table and they were pleased with the progress there this |
1:39.8 | week they're employing the same tactic again but they're expanding their strike on |
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