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Tesla Daily: Tesla News & Analysis

Truth About TSLA Stock, Michael Burry, Front Casting, Berlin, Doge, Model S, VPP, EVE (05.17.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 18 May 2021

⏱️ 17 minutes

🧾️ Download transcript

Summary

➤ What is going on with Tesla stock recently, and how much are Elon Musk’s tweets impacting its performance?
➤ Michael Burry reportedly “bets $530M” against TSLA stock, but the headlines are misleading
➤ Photo of a newly cast Tesla part signals big milestone
➤ Elon Musk visits Giga Berlin, comments on timelines
➤ Elon Musk continues to tweet about bitcoin and dogecoin
➤ Tesla spotted testing a new Model S at Laguna Seca
➤ Green Mountain Power provides update on virtual power plant project
➤ EVE Energy Co. comments on Tesla rumors

Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast
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Plaid producer Who Why
Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jeff Sheets
Executive producer Jessie Chimni
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 hour here and today we're going to be talking a little bit

0:10.4

about Tesla stock.

0:11.4

We started off the week down, so I want to share some of my thoughts on that.

0:15.1

We also have news today of Michael Burry unveiling a position betting against Tesla.

0:19.0

It's been widely misreported on, so we're going to look at the details of that.

0:22.8

We also have updates on Gigaburlin at Gigatexas, Elon continuing to tweet about Bitcoin, though

0:27.3

I promise we're not going to spend a ton of time on that.

0:29.6

News on the refresh model S and a couple other stories as well, so a lot to get to today,

0:34.4

let's start off with the stock.

0:35.8

Tesla at the low today was down at nearly 5%, it did bounce back a little bit to end the

0:40.2

day finishing down 2.2% to $576.83, that compared to the NASDAQ following a similar trajectory

0:47.0

bouncing back towards the end of the day, finishing down 4% of a percent.

0:50.7

I'll share a couple more thoughts on the stock here in a second, but first let's get into

0:54.8

a little bit of the news.

0:55.8

I think we've seen two big headline drivers over the weekend and then today.

1:00.1

First Elon Musk of course talking about Bitcoin will save that for a little bit from now.

1:03.1

The second getting a ton of attention particularly today was a disclosure this morning from Sion

1:07.4

asset management, which is run by Michael Burry of the big short fame, showing a bet against

1:12.6

Tesla stock.

1:13.6

So this was disclosed in the funds 13F filing just the normal quarterly filing showing

1:17.0

the funds positions.

1:18.1

This is for Q1, so as of March 31st.

...

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