TSLA's Best Day in Months, EV Adoption, China Rumors, American-Made Index, Honda, GM (06.23.21)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 23 June 2021
⏱️ 9 minutes
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Summary
➤ Tesla stock finishes as the top performing stock across the entire S&P 500 and Nasdaq 100 on Wednesday, posting its best day in months
➤ Ernst & Young releases new forecast on electric vehicle sales
➤ Market research firm GWI shares perceived EV advantages and disadvantages
➤ Tesla takes top slot in American-made index
➤ Honda announces targeted end date of internal combustion engine production
➤ GM partners with Shell for EV customers
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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, Rob Mauer here, and today we're going to be talking about Tesla Stock because |
| 0:11.2 | Tesla did just have its best day in more than two months, so we'll spend some time on |
| 0:15.3 | that. |
| 0:16.3 | We've also got a couple of studies on adoption of electric vehicles, some news out of |
| 0:18.9 | China, a really cool new accolade for the Model 3 and a couple other stories as well. |
| 0:23.2 | Alright, so Tesla Stock, finishing up 5.3% today to $656.57, that compared to the Nasdaq |
| 0:29.9 | up just one-tenth of a percent, so actually a really strong overperformance by Tesla |
| 0:34.0 | today in a relatively mixed macro market. |
| 0:36.8 | In fact, Tesla was actually the best performing stock out of the entire S&P 500 or Nasdaq 100 |
| 0:42.5 | today. |
| 0:43.5 | Now, even though Tesla's overperformance today only brought the stock back to the level |
| 0:46.5 | that it was five weeks ago, still nice to see, and it looks like the strength has continued |
| 0:50.5 | in after hours Tesla almost up another full percent in after I was trading as I'm recording. |
| 0:55.3 | As often as the case, there's no clear indicator of what was driving that performance today, |
| 0:59.2 | in those cases we can't attend to look for something that may have. |
| 1:02.2 | So of course, we had those updates yesterday from both Adam Johnson Morgan Stanley and |
| 1:06.1 | Alex Potter at Piper Sandler. |
| 1:07.6 | Today there was some positive commentary around Tesla appearing on CNBC, so Joe Taronova, |
| 1:12.3 | one of the frequent contributors there. |
| 1:13.9 | He's the Senior Managing Director of Vertis Investment Partners, they manage around $166 |
| 1:18.3 | billion, and he announced that he's been buying Tesla, seemed to present it as more of |
| 1:22.4 | a trade than a long-term investment, saying that he was, quote, trying to capture an opportunity |
... |
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