4.8 • 1.1K Ratings
🗓️ 30 August 2023
⏱️ 9 minutes
🧾️ Download transcript
➤ Tesla stock continues strong run
➤ Market reacts as new economic data is published
➤ Excellent China sales numbers
➤ Project Highland possibly spotted in Europe
➤ Hardware 4 vehicles begin to receive FSD Beta
➤ NHTSA sends special request to Tesla regarding FSD
➤ Tesla plans to add X app to cars
➤ Musk invited to Senator’s AI panel
➤ Megapack pricing discussion
➤ China gasoline usage may have peaked
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Executive producer Jeremy Cooke
Executive producer Troy Cher asaro
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
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0:00.0 | Hey, whatever you're up now, we're here and today we've got some really nice numbers |
0:10.2 | for Tesla and China updates on a hardware 4 project highland, a letter from Nitsa 2 Tesla |
0:16.3 | and a couple other items as well. |
0:18.2 | Great day for Tesla Stock today, finishing up 7.7%, closing at $257.18 while the NASDAQ |
0:24.2 | was up 1.3.4% on the day to day. |
0:27.1 | After all the market seemingly reacting to some job news out in pre-market, in short, |
0:31.5 | job openings came in lower than expected and declined more quickly than expected. |
0:35.8 | And although that might seem like bad economic data, of course there's always the counterbalance |
0:39.7 | that affects the market right now, of poor economic data making it less likely for further |
0:44.7 | interest rate increases to occur. |
0:47.3 | We are about 3 weeks out from the next FOMC meeting where that next decision will be |
0:50.9 | made, the CME Group FedWatch tool today showing an increase in expectations for a rate |
0:55.9 | pause at this meeting. |
0:57.5 | That was the favorite outcome before, but that's now increased from a 78% expectation |
1:01.8 | up to about 86% expectation. |
1:03.8 | That's about where it's at a week ago, so nothing too crazy, but I guess enough for |
1:07.8 | the markets today on top of a similar report coming out for consumer confidence. |
1:12.1 | So as we mentioned, PCE later this week on Thursday that'll be something to keep an eye |
1:15.8 | on as well. |
1:16.8 | If that comes in lower than expected, that should continue to drive the expectation for |
1:20.0 | no increase at the next meeting, even higher, the markets could like that as well. |
1:24.0 | In addition to the overall markets rising today off of those macro reports, we did have |
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