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Tesla Daily: Tesla News & Analysis

Why Tesla Dropped as Ford & GM Popped + Tesla China Criticism, Solar News (01.04.22)

Tesla Daily: Tesla News & Analysis

Rob Maurer

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

4.81.1K Ratings

🗓️ 5 January 2022

⏱️ 13 minutes

🧾️ Download transcript

Summary

➤ TSLA stock drops after big start to the year, Ford and GM lead S&P 500
➤ Ford announces increased EV production plans
➤ GM loses top market share position
➤ Tesla criticized for actions in China
➤ More analyst updates
➤ Latest on the status of the EV tax credit
➤ Daimler unable to complete recall

Twitter: https://www.twitter.com/teslapodcast
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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, Rob Mauer here and today we're going to be looking a little bit more broadly

0:10.8

at industry news.

0:11.8

We've had other automakers start to report some year and things, so we'll take a look

0:14.8

at that.

0:15.8

And we also have some sector movement, some rotation today happening that I think worth

0:18.5

spending some time on.

0:19.9

Tesla Stock was obviously down today while some other automakers were up, so we'll take

0:22.6

a look at that.

0:23.6

We do also have some Tesla updates, a few product related things, a couple more things

0:26.8

from analysts and some controversial news in China, then we do have a couple other

0:30.6

stories as well.

0:31.6

Alright, so after the big day, yesterday, Tesla today giving back some of those gains

0:35.1

finishing down 4.2% to $1,149.59, the NASDAQ today was also down 1.3%, and I think here,

0:43.6

best place to start, is looking at the Dow versus the NASDAQ, the Dow actually finishing

0:47.2

up today, 6.10% of a per percent.

0:49.4

Anytime you see that, there's an indicator there that there's probably some sector rotation

0:52.8

happening.

0:53.8

That's reinforced if we look at the S&P 500 top performers of the day, obviously yesterday

0:58.0

we had Tesla leading the pack there, today we've got Ford, GM, and then four oil and gas

1:03.2

companies as the top six performers in the S&P 500 today.

1:06.7

So you've got oil and gas up, you've got legacy auto up, you've got value stocks up,

1:10.8

while growth is down, definitely not surprising to see Tesla perform worse in that type of

...

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