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Tesla Daily: Tesla News & Analysis

Shutdown Concerns Rise, Twitter Claims Musk At Fault, Supercharger V4, Solar Trailer, Rivian (07.11.22)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 12 July 2022

⏱️ 13 minutes

🧾️ Download transcript

Summary

➤ TSLA stock falls 10% from post-market Friday high as Covid cases rise in China
➤ Model Y sales compare favorably in first half of year in China
➤ Giga Berlin start shipping Long Range Model Y
➤ Twitter board comments on Musk’s termination attempt, sends letter claiming Musk has breached the merger agreement
➤ New details on next-gen Supercharger
➤ More information on Tesla solar trailer concept
➤ Rivian reportedly laying off portion of staff

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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
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 Marrow here. Welcome back to Tesla Daily today. Obviously a pretty

0:11.8

tough day for Tesla stock. We're going to be talking about some of the fears that have

0:15.0

risen in the market over the weekend and into today. We'll talk a little bit more about

0:18.9

the Twitter situation as Twitter is now, planning to sue Elon Musk. Got some news on supercharging

0:23.6

and a couple other items as well. Alright, so Tesla today is starting the week off

0:27.1

down 6.5% to close at $703.3, while the NASDAQ was down at 2.25%. This is even worse for

0:34.4

Tesla though if you consider the after hours movement on Friday after the Twitter news broke.

0:38.5

Tesla had been up around $770 a share, so almost a 10% drop here from after hours on Friday.

0:44.9

Some of that might be Twitter related. We'll talk a little bit more about that later

0:47.7

on. I don't want to start there because I know people are, some people at least are a

0:50.6

little bit tired of hearing about Twitter. But I think this was more macro related. We

0:54.3

did see a lot of stocks that were down around this level for today. I mean, for example,

0:58.5

here I'm looking at Nvidia, they were down 4.5%, Rivian down 6.5%, Lucid down 7.5%. None

1:04.1

of these companies are affected by the Twitter situation, so I've been arguing for months

1:07.8

that this so-called Twitter overhang on the stock has not been all that significant.

1:11.9

While I do think it exists to an extent, it's been way over emphasized and hopefully

1:15.3

today kind of demonstrates that. So I think it's been more macro factors and we'll talk

1:19.1

about what those are here in a second, but that will probably continue throughout this

1:22.3

week. As we've talked about, the consumer price index will be reported Wednesday morning

1:27.0

before market open. This time around probably even more critical than usual. It'll drive

1:31.2

interest rate expectations for the Fed's next meeting on July 26th and 27th. And those

1:35.7

expectations are pretty influential on the market. As for today, a lot of the attention

...

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