4.8 • 1.1K Ratings
🗓️ 12 January 2022
⏱️ 12 minutes
🧾️ Download transcript
➤ Tesla is pushing back on a California proposal which could hurt the entire US (https://bit.ly/3neQ47q)
➤ Update on macro environment
➤ Update on Tesla cold weather performance
➤ CPCA reports Tesla China sales for December
➤ Timeline for Giga Berlin water dispute resolution
➤ New equipment spotted at Giga Texas
➤ GM launches new financial product
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Plaid producer Who Why
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
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0:00.0 | Hey everybody Rob, now we're here and today we've got a pretty important discussion on |
0:11.2 | solar Tesla doing a little bit of advocacy here, also talk about Tesla stock in the macro |
0:15.4 | environment. |
0:16.4 | We've got an update on cold weather performance like we had talked about yesterday news |
0:19.6 | out of China, Berlin and Texas and an update on GM. |
0:23.9 | Alright, so as we had talked about yesterday, today was a pretty highly anticipated macro |
0:28.4 | economic day with Fed Chairman Jerome Powell testifying to the joint economic committee. |
0:32.1 | First time we've heard thoughts from him since the December Fed meeting minutes were |
0:36.1 | published and kind of spooked the market at the beginning of last week. |
0:39.4 | So the markets opened down this morning and then as Powell was speaking a little bit |
0:42.5 | after market opened, flipped over into the green, apparently the market reacting positively |
0:46.4 | to some of those comments that he made, which from my perception mostly seems to be a |
0:50.8 | reaction to no worse news happening. |
0:53.3 | I don't know that there was a ton of really good news here, positive news for the markets. |
0:57.2 | For instance, I don't think there was really anything there to change expectations on |
1:00.5 | interest rate hikes. |
1:01.8 | That definitely still seems to be the direction that Powell wants to pursue. |
1:04.8 | A lot of the discussion was around inflation, of course we have heard, you know, as inflation |
1:09.1 | transitory or not, the Fed kind of reversing their statements on that in the past. |
1:12.5 | Of course higher inflation has persisted and as we talked about yesterday, we'll get an |
1:16.1 | update on that with the CPI consumer price index released tomorrow morning. |
1:20.1 | But as for today, Powell's main thoughts seem to be, quote, inflation is running very |
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