4.8 • 1.1K Ratings
🗓️ 10 November 2021
⏱️ 13 minutes
🧾️ Download transcript
➤ Tesla’s valuation drops by nearly $150B in one day, its biggest single-day drop ever
➤ Was the drop driven by Elon Musk selling stock?
➤ Congress passes trillion dollar infrastructure bill
➤ Hertz completes re-listing on Nasdaq, comments on Tesla deal
➤ Tesla begins replacing cameras for FSD in older vehicles
➤ Quebec confirms discussions with Tesla
➤ Tesla Toronto Automation
➤ Ford / Volkswagen CEOs comment on Tesla
➤ Rivian prepares for IPO
Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast
Tesla Referral: https://ts.la/robert47283
Plaid producer Who Why
Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Jeffrey Yu
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
Click on a timestamp to play from that location
0:00.0 | Hey everybody, we're at Mauer here, and today we're of course going to be talking about |
0:10.7 | the biggest drop in Tesla's history, not quite as fun as the biggest gain in Tesla's |
0:15.4 | history that we had a couple weeks back. |
0:17.4 | But we will spend some time talking about the stock, and then we do have kind of a smattering |
0:20.8 | of other news we've got updates from Hurts, a couple of pieces of news from Tesla in Canada, |
0:25.5 | some updates from Ford and Volkswagen, and some things that we weren't able to get to |
0:28.7 | you yesterday. |
0:29.7 | Alright, so Tesla today, not great. |
0:33.1 | Finishing down 12% to $1,023.50, the NASDAQ was down 6.10% of a percent, Tesla actually |
0:39.6 | dropped at $139 today, losing almost $150 billion worth of market cap. |
0:46.7 | So I was curious, and yes, this is the biggest drop in Tesla's history. |
0:50.4 | I've sorted those here, actually just looking at the biggest move either way, so sorting |
0:54.0 | by absolute value, and this is by far and away the biggest move, though obviously from |
0:58.6 | a perspective, this would be in sort of the 99th percentile of percentage change moves, |
1:04.5 | but still only 44th overall. |
1:07.0 | With this huge drop, the obvious question is, okay, did Elon actually end up selling his |
1:10.8 | stock today? |
1:12.1 | And we won't know for sure for a couple of days, but we might be able to get a hint of |
1:15.8 | that if we look at the volume, which was actually quite high today, 58 million shares |
1:20.6 | as you can see in the table, and if we look at a volume chart here to date, we can see |
1:24.3 | that that is a relatively high volume amount for Tesla so far this year. |
1:28.4 | It's actually the 10th highest volume day here to date, and if we zoom in a bit here, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Rob Maurer, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Rob Maurer and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.