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Tesla Daily: Tesla News & Analysis

Strong Start to Q2 in China, Cybertruck Supplier, Price Changes, Feedback (05.05.23)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 6 May 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

➤ Tesla sales in China show strong start to second quarter
➤ Zach Kirkhorn files Form 144
➤ Calendar preview
➤ Tesla increases S/X prices internationally
➤ Tesla looks for feedback on what to improve
➤ Midnight Cherry Model Y teaser

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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

Today we are going to be talking about China sales figures in China, we've got a couple

0:14.6

of new numbers there to go through.

0:15.8

We've also got an update on a Cybertruck supplier contract and some news on pricing changes

0:21.7

as well.

0:22.7

Alright, looking at the stock, nice way to end the week, Tesla up 5.5% to close at $170

0:27.7

and 60 cents.

0:28.7

I think we're now safely above, not safely, but temporarily, at least above the level after

0:34.8

the Q&A report.

0:36.2

So nice to see that.

0:37.2

Obviously, aided by the strong macro environment today with the NASDAQ up to 1.25%.

0:42.8

There was an SEC filing from Tesla popped up on their investor relations website.

0:46.3

This was a Form144 from Zach Kirkhorn.

0:49.8

So Form144, it's a little bit different than the Form4's that we normally see issued.

0:54.7

This is when an employee has intent to sell a restricted share of stock.

1:01.6

So I'm not really sure exactly what the restrictions on these stocks would be.

1:06.7

But for Kirkhorn here, it's only about 3,700 shares.

1:10.0

So I don't think it's anything too major to look at in terms of the total amount here,

1:16.7

nothing too significant.

1:17.7

So again, not sure on the restrictions, but that is what this Form144 is about.

1:23.8

All right, quick look at the calendar for next week.

1:25.8

Of course, we'll have a couple of big reports with the Consumer Price Index CPI and the

1:29.3

Producer Price Index PPI report.

...

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