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Tesla Daily: Tesla News & Analysis

Stellantis CEO Pokes at Tesla, Automakers Attempt Charging Coalition, Volkswagen Partners with XPENG (07.26.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 27 July 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

➤ Stellantis CEO comments on Tesla's operating margin decline
➤ FOMC meeting
➤ Automakers form US charging company
➤ Tesla acquisition details
➤ Giga Texas expansion
➤ VW partners with XPENG
➤ Waymo refocuses business plan

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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

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, Brother Altman, we're here and today we've got a variety of news from other automakers

0:12.6

including some very interesting comments from Stylantis's CEO, also got an effort from

0:17.6

other automakers to maybe temper Tesla's success in charging and a few other stories as

0:24.8

well.

0:25.8

We'll keep it quick because right after this, I think we're going to be able to wrap it

0:28.5

up in time.

0:29.5

Right after this, there is going to be a Falcon Heavy launch, the largest commercial communication

0:33.2

satellite launch ever, so that should be in about 10 minutes, so we'll hopefully roll

0:37.9

right into that.

0:38.9

All right, looking at the stock Tesla today, down three tenths of a percent, or yeah,

0:44.4

a third of a percent, while the Nasdaq was down a tenth of a percent, Tesla closing

0:49.0

at $264.35 on the day.

0:52.4

We did have the FOMC meeting, so not much action in the Nasdaq or in Tesla today, which

0:57.4

I think I'll take as a win on Indie Day that there is an FOMC meeting.

1:01.2

Of course, interest rates increased by 25 basis points as widely held consensus expectations

1:06.8

going into the meeting, and if we look at the FOMC meeting statement, no real differences

1:11.8

from the last time other than, obviously, last meeting they had maintained rates, this

1:16.1

time they raised rates.

1:17.1

So, nothing too crazy, same thing with the FOMC press conference.

1:20.4

I took a couple of notes.

1:21.4

We'll just run through those quick, but again, nothing too surprising in that press conference

1:26.2

either.

...

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