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Tesla Daily: Tesla News & Analysis

TSLA Stock’s Highest Close in 7 Months, Elon Musk Interview, Production Update (09.24.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tsla, Model3, Technology, News, Tesla, Investing, Tech News, Modely, Business, Models, Modelx

4.81.1K Ratings

🗓️ 24 September 2021

⏱️ 9 minutes

🧾️ Download transcript

Summary

➤ TSLA stock ended the week with its highest close in more than 7 months
➤ New rumor on Tesla’s Q3 production
➤ Elon Musk interview for Italian Tech Week (https://youtu.be/4_LAXD-f9e0)
➤ Semiconductor shortage updates
➤ Fremont Police Department adds new Tesla vehicle to fleet
➤ When to expect Tesla’s Q3 delivery and production report

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

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody, we're out of Maui here, happy Friday as we look ahead to the final week

0:11.6

of Q3.

0:12.6

Today we've got news on Tesla's production in China for September, we'll talk about

0:16.4

how that might look for the quarter, then we've got a new 45 minute long Elon Musk interview,

0:21.0

we'll talk about the takeaways from that, updates on chip shortages, a couple other

0:24.4

stories as well, but of course we'll start off with the stock here.

0:28.2

Almost today finishing up two and three quarters per cent to $774.39, the NASDAQ on the

0:34.7

day was actually slightly down just three hundreds of a percent, but a really strong performance

0:39.2

relative to the rest of the market for Tesla today.

0:41.7

So that $774 closing price, that's actually the highest closing price for Tesla stock

0:46.4

in over seven months you'd have to go back all the way to February 22nd to find a higher

0:51.0

close.

0:52.0

From an intraday perspective, Tesla did top that very briefly back in April, so even from

0:56.3

an intraday perspective, Tesla hitting a five month high today seems like the market

1:00.6

might finally be getting as excited as I am for Q3 results.

1:04.6

Pretty steady rise throughout the day today too and Tesla closing within 50 cents of the

1:08.6

intraday high today, which I'm not a technical analysis person, but I do always like to see

1:13.3

when that happens on a Friday, I feel like it boasts really well in terms of the strength

1:16.6

heading into the next week.

1:17.9

Obviously anything over the weekend could end up changing that, but something I always

1:21.1

like to see.

1:22.1

Alright, so getting into the news here, I know I said we'd wait till next week to get

...

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