TSLA's Worst Week In Over A Year, Minor Cybertruck Updates, FT Interview, Semi (10.07.22)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 8 October 2022
⏱️ 13 minutes
🧾️ Download transcript
Summary
➤ TSLA stock suffers worst week in more than 18 months
➤ IDRA confirms building and testing complete for Cybertruck casting
➤ Musk comments on Cybertruck boating ability
➤ Financial Times interviews Musk
➤ FSD Beta update
➤ Pepsi comments on Tesla Semi
➤ 4680 rumor
➤ Contact form: https://forms.gle/FuzXMtUF9swXzj8M6
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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 Maurer here, happy Friday as we head into the weekend after what has |
| 0:11.3 | been a very long week, congratulations on making it through. |
| 0:16.0 | This has been the worst week for Tesla, actually, since the COVID-related drops of 2020 Tesla |
| 0:21.7 | down 6.3% today, the S&P 500 down 3%, NASDAQ down about 4%, so I think a lot of today |
| 0:29.4 | macro driven, but piling on top of the down days that we had earlier this week, as you can |
| 0:35.4 | see, it's been rough. |
| 0:37.2 | So down about 16% since last Friday's close, and as I said, the worst weeks since March 2020, |
| 0:44.2 | where we had those 20-25% drops. |
| 0:47.5 | So it rough week, again, congratulations on making it through, interestingly, not the |
| 0:51.7 | highest volume week today, or this week, since so far this year. |
| 0:56.9 | This is about the 11th week, so not even a top 10 volume finish, even though it did |
| 1:00.6 | seem like we had quite a lot of news and a lot of creating activity, still not all that |
| 1:06.8 | high in terms of the volume, even with that huge drop. |
| 1:09.8 | So when we think about it, and we look at Tesla's performance for the week, what did we |
| 1:15.1 | really have? |
| 1:16.1 | Well, we had the delivery report, and then we've had all of this ongoing back and forth with |
| 1:21.6 | Twitter, what Elon sell, what he not sell. |
| 1:24.8 | And so far, now that we're through the week, we have confirmation now that Elon didn't |
| 1:29.4 | sell on Monday. |
| 1:30.4 | He didn't sell on Tuesday. |
| 1:31.4 | I believe those were the two highest volume days this week. |
| 1:33.6 | So if he would have sold, those would have been the most likely. |
... |
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