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Tesla Daily: Tesla News & Analysis

TSLA Rockets to Biggest Day Ever + Shanghai Production, FSD Beta, New Street Upgrade (03.09.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 10 March 2021

⏱️ 12 minutes

🧾️ Download transcript

Summary

➤ TSLA stock jumps 20%, increasing by more than $100 per share in a single day
➤ Last year’s TSLA price jump episode: https://youtu.be/x2Z8pZjF8vU
➤ Analyzing Tesla’s Giga Shanghai production for the first quarter as February numbers are released
➤ Elon Musk clarifies FSD Beta rollout
➤ New Street Research upgrades TSLA stock, increases price target
➤ TSLA short interest update
➤ VW schedules event for next week

Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast
Tesla Referral: https://ts.la/robert47283

Plaid producer Who Why
Plaid producer Ice Lakes Investments
Ludicrous producer Fred Hassen
Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
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 Rob Maurer here and today I guess we'll talk a little bit about the stock

0:11.7

Tesla finishing up 20% but we also have new numbers out of China for February we also

0:15.9

have some clarification on the full self-driving beta rollout, a new price target from New

0:19.6

Street Research, Pierre Ferrague and some more news from Volkswagen.

0:22.8

We'll start off with the stock of course because that was a sharp, sharp reversal the

0:26.8

NASDAQ today finished up 3.7% that was the best day for the NASDAQ since last November

0:31.5

it looked like it was going to close up more than 4% which would have been the best day since April

0:35.7

but it did tail off a little bit towards the end of the day. Interestingly, Tesla did not,

0:40.0

Tesla finished up 19.6% pretty close to the high of the day finishing at $673.58 versus the high

0:46.8

of the day of $678.9 so closing at just over half a percent off that day high.

0:52.5

The $110 increase in the share price today is by far the biggest single day increase that we

0:58.0

have ever seen in Tesla stock surpassing the previous high back in January of $64 in one day.

1:04.0

Just to have a little bit of fun with that number if we were talking about a pre-split share price

1:08.0

that would have been $550 in a single day. Tesla IPO'd at $17 per share I know there are people

1:14.4

that listen to this podcast that have shares at that price that's a 32 times increase on that

1:19.3

cost basis in one day pretty crazy. Of course the percentage change is more important the 19.6%

1:25.3

increase out of the roughly 2700 trading days that Tesla has had on the market this is the third

1:31.1

biggest single day increase ever. Tesla's biggest move was back on May 9th of 2013 the stock jumped

1:37.6

24% from a post split price of $11.16 to $13.88 after Tesla for the first time ever posted a

1:46.8

quarterly profit. The second best day the only other day with a bigger increase than today was

1:51.2

February 3rd 2020. Tesla increased 19.9% and I really really hesitate to point this out but

1:59.2

that day was the first trading day after ARC issued their most recent Tesla price target which was

...

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