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Tesla Daily: Tesla News & Analysis

SEC Seeks Court Order, Hyundai-Kia Joins NACS, Giga Mexico, Tesla Semi, Calendar (10.05.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

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

4.81.1K Ratings

🗓️ 5 October 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

➤ SEC seeks court order against Elon Musk
➤ Tesla granted CT order
➤ Hyundai-Kia joins NACS
➤ Germany sales update
➤ Giga Mexico reports
➤ Updated Model Y photos
➤ Tesla increases Semi hiring
➤ Cybertruck sightings
➤ GM CTO reportedly exiting
➤ Lucid releases new opening-price version
➤ Musk comments at IAC
➤ Calendar

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Executive producer Jeremy Cooke
Executive producer Troy Cher asaro
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, we're out of nowhere here, and today we're discussing some news about

0:10.1

the SEC and Elon Musk.

0:11.7

We've also got another SEC filing from Tesla, some news on North American charging

0:15.4

standards, some factory updates, and a few other items as well.

0:18.8

Pretty quiet day for this talk today, Tesla down about half a percent closing at $259.98,

0:24.0

the NASDAQ down about one-tenth of a percent.

0:26.8

All right, so today we've got more headlines around the SEC and Elon Musk this time around,

0:31.4

the SEC is seeking a court order to force Musk to testify, regarding the previously disclosed

0:37.6

investigation relating to the Twitter acquisition.

0:40.9

So, I think Bloomberg, the first to report on this today, their headline read,

0:44.5

SEC sues Elon Musk over refusal to testify in Twitter probe.

0:49.2

All right, well, another lawsuit against Elon by the SEC, that doesn't sound great,

0:52.7

we know how that has turned out in the past, but if we can filter through the media headlines

0:57.2

and actually look at what the SEC has filed today, they say that, quote, the SEC staff's

1:01.5

application seeks an order from the court directing Musk to comply with the subpoena end quote.

1:06.1

So, literally all this relates to is the SEC wants Elon to testify, and actually for the third time

1:11.2

on this specific investigation, they had tried to schedule this testimony a couple of times,

1:15.2

and most recently a couple of days before it was scheduled to happen,

1:18.4

Elon basically noped out, provided a few reasons why he felt he should not have to testify again,

1:24.0

and this is basically the SEC's counterargument of that, asking the court to compel the testimony.

1:29.6

So, that's it, they're just seeking a court order, characterizing this as a lawsuit is pretty

1:33.8

extremely misleading, and Bloomberg seems to agree, although they have kept the same hyperlink,

...

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