TSLA Passes Berkshire Hathaway, Musk Awarded, NHTSA Investigates Model S/X Suspension (11.27.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 27 November 2020
⏱️ 9 minutes
🧾️ Download transcript
Summary
➤ Tesla moves up a slot in the rankings of the the world’s most valuable companies, passing Warren Buffett’s Berkshire Hathaway
➤ Elon Musk wins Axel Springer award, will speak at award ceremony
➤ NHTSA’s Office of Defects Investigation opens up preliminary evaluation of Tesla Model S/X vehicles produced in 2015-2017
➤ CFRA increases price target on TSLA stock
➤ Northeast Securities initiates coverage on TSLA stock
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Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody |
| 0:07.0 | had an excellent Thanksgiving yesterday. |
| 0:11.0 | We had a half day in the markets today, but we do still have some news to go through so we'll talk a bit about the stock |
| 0:15.7 | Some news on Elon another recall for Tesla and a couple of analyst updates |
| 0:20.7 | All right so Tesla on the day today hitting a new all-time high, just shy of $600 per share, |
| 0:25.6 | closing a bit lower than that, but still an all-time high close, at $585.76. |
| 0:31.3 | That was up 2%, that compared to the NASDAQ, up 0.9%. |
| 0:35.0 | Taking a quick look at the volume for today, again, we did have just over a half day of trading, |
| 0:39.8 | 3.5 of 6.5 hours. Book ended Book ended of course by a holiday yesterday and the weekend |
| 0:44.4 | tomorrow so I think all things considered still relatively high volume today, about 37 million shares, trading hands, and that's still a little bit over the one month average of 36.5 million shares, |
| 0:55.0 | despite this being a half day and a Friday, which tends to have a little bit less volume on average. |
| 0:59.7 | Tesla today, with its close above $550 billion market market cap also moved up a slot in terms |
| 1:04.5 | of the rankings for most valuable publicly traded companies and after talking about Berkshire |
| 1:08.9 | Hathaway in an episode last week we get to mention them here again because that is the company that Tesla has passed on the rankings moving up from number 10 to number 9 and also in terms of U.S. based companies up from number 7 to number 6. |
| 1:22.0 | Quick note here on the S&P 500 inclusion process. |
| 1:25.1 | When the announcement was made that Tesla will be included, of course, the S&P was seeking |
| 1:28.4 | feedback on how to structure that inclusion. |
| 1:30.9 | And just as an FYI, the S&P Committee intends to announce the results of that consultation |
| 1:35.4 | on Monday, November 30th. Generally, their announcements are about an hour and 15 minutes aftermarket |
| 1:40.1 | close, so we'll keep an eye for that for the final word on how this is going to be structured. |
| 1:44.9 | The following day on Tuesday, December 1st, Elon Musk will be in Germany to accept an award from |
| 1:49.9 | Axel Springer, the Axel Springer Award. Axel Springer is the largest digital publishing company in Europe. |
... |
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