40 Burst results for "Tesla"
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 11-13-2023 16:00
"Investment Advisors, switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. Dean, we're talking what, 3 .3 % year over year here, 0 .3 % on a month -to -month basis here, and that's relatively in line with where we've been now for the last couple of months. I'm not sure if those numbers get hit right on the nose, I'm not sure it really changes the narrative at all. All right, we're getting the closing bells here in New York on this Monday afternoon here, and once again, a low volume day leading to what is two relatively unchanged markets. The Dow Jones Industrial Average is in the green on the day, but only by about a tenth of a percent, higher by roughly 49 points and change as we wait for these numbers to settle. The S &P 500 lower by about 3 to 4 points, or about a tenth of a percent, while the NASDAQ composite is going to finish the day lower by roughly 30 points, or about two tenths of a percent. And the Russell 2000 really emblematic here of just how tepid the price action was, unchanged on the day at 17 ,000 and change. All right, so tepid on the price action, you look at the S &P a little changed here lower. If you dig a little bit deeper though, a little bit of a negative tone in terms of the individual names, 307 to the downside, losing some ground in the Monday trade. Katie, 194 to the downside, so a little bit of a, like I said, a negative slant to unchanged in today's trade. Yeah, and you take a look at some of the industry groups, there's a lot of green, a lot of red, so it all washes out to about neutral, but you take a look at what did well today, and it's the autos group, but we know a lot of that is coming from Tesla, but nonetheless, that group higher by about 3 .6 percent. Healthcare equipment and services also having a good day, so too is energy. So those are your bright spots. You take a look at the bottom of the list, what isn't doing too well today from an industry group perspective. You have retail, real estate, you have tech hardware, and you have utilities leading losses.
News, Traffic and Weather
Fresh update on "tesla" discussed on News, Traffic and Weather
"Free agent. MLB's winter meetings begin this weekend in Nashville and the big story is which team will have the money ballpark and winning vibe to land Japanese superstar free agent Shohei Tani. Speaking on the foul territory podcast Mariners catcher Cal Raleigh says Seattle would be a perfect fit for Shohei you know you want to be somewhere where you're comfortable you want to be somewhere where you uh you know the fans are going to love you you're going to like the fans as well you want to have a place where you and your family can stay and be be comfortable and I think that'd be the number one sales pitch for sure. Cal says he was sad to see third baseman Eugenio Suarez traded to Arizona because he was such a great defensive player and a positive clubhouse influence. The Seahawks final injury report ahead of Thursday night football in Dallas with some concerns. Guard Phil Haynes out the with toe injury running back Kenneth Walker strained oblique makes him doubtful with the playoff run over the Sounders announced their 2023 soccer awards Jordan Morris the golden boot as leading scorer Meyer top defender and goalie Stefan Fry MVP and humanitarian of the year sports with Schwartz at 10 and 40 after the hour Northwest News Radio you're listening to Northwest News Radio I'm Jeff Pojola in the wake of deals between US automakers and their workers unions there is now a growing effort to unionize more auto plants the around country after workers at Ford GM and Stellantis got substantial raises their union United Auto Auto workers says it is launching an effort to unionize all auto industry employees who are not currently represented the union says it comes as thousands of employees at 13 non unionized companies are starting campaigns to join the United Auto workers the non unionized companies include Tesla Toyota BMW and Nissan around 150 ,000 workers are at those companies where there are new efforts in place Alex Stone ABC news tech trends a new report from NYU finds extremists have been exploiting online gaming platforms to promote hatred and violence Paul Barrett is the deputy director of NYU's Center for Business and Human Rights he says there's a reason that gamers are being targeted the features of these sites are such that they are particularly useful to people who would happen to spread bad ideas or try to recruit people into conspiracies occasionally the games themselves can contain content designed to radicalize meanwhile gaming live -streaming platforms like discord and twitch say they've banned users worked with law enforcement and are developing new technologies to crack down on hateful content but Barrett says there's more to be done we need regulation greater publicity and public understanding about what's going on as the potential to create pressure on the companies to do what they should be doing on their own with tech trends I'm Mike Debussy ABC News traffic and weather next if you own or operate a manufacturing business impact Washington can help you boost productivity and profitability while cutting costs just ask Rob president of plum signs we're a family -owned business we fabricate install and service signs of all kinds how did they help in today's environment impact Washington helped us narrow down and define our weaknesses in our kovat workplace plan allowing our employees to feel safe when they come to work and knowing that we had the tools to help them it's allowed us to move through kovat and be an essential business and impact helping is you grow yesterday we started a new journey with them which is the education of our company it was really positive I think the expectation is an 80 % revenue growth and a 40 % efficiency growth I'm excited about that you'd recommend there's a lot to offer there the education they bring to the table is powerful boost productivity profitability and cut costs with impact washington schedule your free consultation go impact to washington .org impact washington .org news radio traffic
The Bitboy Crypto Podcast
A highlight from Is Solana The Next Ethereum Killer
"Can a Solana overtake Ethereum? We're seeing a lot of metrics that have a lot of people, their heads are spinning. They're surprised. They don't know what's happening. They don't know why Solana keeps continuing to pump, or we're seeing a lot of positive numbers. We're seeing active users skyrocketing. And also we're getting listed on Perpetual's futures on a very major exchange. You're going to want to check this out. This is Discover Crypto. Thank you for joining everybody. Welcome back, Rodney. We're talking about some altcoins. And now we're not going to talk about ranked 8 ,000 meme coins. Is that okay? We're talking about Solana. I guess we could talk about... Everybody's talking about Grok, I thought. That's right. Grok. Well, yeah. It was like, what? Maybe a top 200 at this point. Hit $186 million market cap. I just saw Kyle Chasse tweet, or Chasse tweet. He's like, I bought the top. Ah. You know, so it happened. As they do. Did you get in on Grok, Rodney? I did not get in on Grok. I faded Grok at 20 million. Sorry. Excuse me for not buying a meme coin. You know. It went up to 150, right? So you missed out on about a seven and a half X. It's still sending, yeah. All right. So you're only missing out on a 10X so far. So far, it's a 10X. But Rodney, you just got in last night, correct? Yes, sir. Yeah. How was that? How was it flying into the Atlanta airport? I heard it's... My fiance, she has Follow Atlanta now, and they're shutting down the whole airport. Apparently, it's like, you know, entire hallways are like two foot wide. What was your experience? Well, I actually drove here from Charlottesville, Virginia, so it was an eight hour drive, but very nice. Got to listen to Joe Rogge on the way here. Some of my favorite cryptocurrency channels. Okay. Yeah. All right. Well, speaking of cryptocurrency, let's just get right into the stories here, folks. We are going to talk about Solana in a bit, but first, let's look at the crypto market. We have Bitcoin down about 1%. Let me go ahead and hit refresh just in case we're getting a little bit fresher. All right. Bitcoin down 1%. But Ethereum is up about 2 % right now, XRP down 2 .5%. Solana is cooling off, folks. Solana is almost down to 5 % along with Cardano, but both of them had a positive week. Solana just had a 10 times better week than Cardano there, 38 % to a 3 .8 % pump there. So if you're holding Solana over Cardano, you're feeling pretty good. If you're holding both, you're wondering, you're looking at your Cardano bag, poking it with the stick, like the meme, come on, do something, do something. It'll happen eventually, folks. Just trust me. Then we have Chainlink down to 5 .5 % as well, but Matic is up. But we look, look at Celestia, Tia, Tia is up. We were talking about Tia, Tia is up 25%, 125 % for the week. Now, TJ, did you see any Tia actually, you saw Celestia? I mean, I know it's Drew's wife's name, so he's been big on it, but he actually, I think was talking about Celestia. Yeah, we did a short on it a while back. We noticed it when it very first popped out. Obviously it's strong in some of the Asian markets, a competitor, so to speak, coming out of nowhere. We're seeing, we're moving up very quickly through the top 100. I think it's ranked 65, 68, something like that right now. I mean, it was under 100 a week or two ago when we first covered it. Definitely something to keep an eye on. And this is something that's important that I wanted to mention on today's stream. As we're getting into a new bull market, there's a lot of different ways to look at different altcoins and value different things. When you're building out your portfolio, there's something to be said for projects that have been around for a little while that you know are going to perform into the bull market. Again, we've looked at them a lot. They're in the top 20s, top 50s, the Maddox, the Mutables, the avalanches, the Solanas, kind of the big performers of the last cycle. However, the ones that tend to have the most explosive gains can be the things that are launching around this time, the newer things. It'll be interesting to see if that trend proves through in this cycle. But Tia, Celestia would be one of those ones that it looked like tech had been around for a while, the team had been around for a while, and they were waiting for the right time to launch to really capture attention in this bull market. So watching how those perform over the next few months, I do think is going to be key. We're going to be doing a deep dive on Celestia coming up in the next week or so. I have some of that going into the works. But watching layer ones, layer twos in the narratives, obviously, in this cycle, I think is going to be a good strategy if you're looking to make those gains. All right. But speaking of gains, we also have the other side of the coin, and that's the losses, folks. The biggest loser is Rollbit for the day, down 10 percent and then Kronos. But if you look at the week here, the biggest loser is Trust Wallet and then followed by XRP. Oh, no. XRP was the number two loser for the week, folks. So it's just interesting to see a top five coin be one of the biggest losers right there. Nio, Nio as well. Nio is down now. Nio is on a video I'm working on right now, the top five coins out of Asia, everybody. And Nio is one of the five. So that might be one. All right. I'll be joining in in a second here. But I think it's time for us to talk a little Solana here. Now, Rodney, what are your broad thoughts on Solana as a sign in real quick? Yeah, well, I think that could be one of the bigger comeback stories of this next run, because really the reason why it dumped down so much, because look at everything dumped during the bear market. But the reason why it dumped down significantly was the negative association it had with Almeida Research, Sam Beckman Fried and stuff like that. But now that we're putting all that stuff behind us, it's probably going to recover. I mean, beside what the occasional network outage is, it's actually a pretty solid project. So a lot of people bought that dip understanding that the reason why it was down wasn't because of function. It was because of the negative publicity. Just like Elon Musk going on Joe Rogan's show, smoking some, you know, green and then dumping Tesla stock. Yeah, I always talk about that podcast. I saw that podcast and I remember thinking, oh, wow, this guy is incredibly bright. I would want to own Tesla stock. A lot of people say, oh, yeah, let's dump it. Well, Solana is overtaking Ethereum by active users after a 70 % spike. Everybody let's look at some of the numbers here. So this is according to Arnimix, they had 356 ,000 unique users on Saturday beating Ethereum's 330 ,000. So beat them by 26 ,000 right there. The milestone was driven by a sharp uptick with the network hosting only 200 ,000 just one week ago, less than a week ago. So it was $100 ,000 less. For comparison, ETH consistently holds around 300 to 350 with two brief spikes above 400k in a surge of more than 1 million wallets. But the price of Solana has plummeted. Is it still more than 96 % from 2021 high of 250 bucks? Does that sound right? I don't know about 96%. Yeah, no, no, that's not right. At one point, at one point when it fell to $10 in January, active addresses on the network shrank 85 % from over a million, 1 .28 to around 200 ,000 this September, according to the block. But Solana refused to stay down and now it is up 145 % just in the past four weeks. So everyone holding on to the profit feel good. And then some analysts have been quick to pronounce that Solana has flipped Ethereum by active users due to the recent uptick. However, the ecosystem has expanded beyond its base layer with the majority of ETH activity now taking place on layer two. So Solana may surpass Ethereum, but there's a giant asterisk because if you want to incorporate little activity, two well, Ethereum, the EVM as a whole greatly surpasses Solana there. But TJ, what do you think about Solana ever surpassing Ethereum as far as, you know, being the number one chain? What odds would you, would you put it less than 5%, less than 1 %? No, I think what you just said really matters there by what metric, right? You know, so you've got transactions, you've got daily active users, you've got a market cap, you've got volume, you know, there's so many different metrics to measure a chain by. So I could see it passing it in transactions one day. That's what it's designed for, right? If you get some good, if you get some good games running on it, you could see it hit higher active users, higher transaction or, you know, but volume, probably not, you know, like DeFi is going to most likely live on Ethereum for the foreseeable future. We talked about that a little bit last week. The ecosystem really matters there. And so I think what we're seeing right now in price gains in the short term, sure, it could, it could outperform there. And I think part of what we should talk about here today is why we saw all that price movement happening over the weekend. And I think, I think you've got my screen here, BJ, you can pull it in here, but some of the factors that came up on this article on Cointelegraph, why Solana Price woke up this week, it really has to do with, you know, obviously FTX getting reopened back up. A lot of people thinking there's less likely for Alameda and what's held on the FTX balance sheet, less likely to dump.
Bloomberg Businessweek
Fresh update on "tesla" discussed on Bloomberg Businessweek
"Pedestrian for 20 feet. What we have learned with this incident is it's got to be significantly better than a human driver to drive and adoption have to we do a much better job of working with the regulators. That's something that GM has a long reputation of working and being transparent with regulators at the local state and federal level so I think as we do that and get the results the of independent review we're doing that will guide us on our path forward from an AV perspective. And again General Motors shares today did advance by 9 .4 percent. Rival Ford was up 2 .1 percent. Stellata shares today up by 5 .1 percent. And by the way you can hear more of the conversation Mary with Barra on the surveillance podcast you can download it wherever you get your podcasts. Tesla shares moved lower today in the run up to its cyber truck delivery event. Tesla designed its stainless steel Cybertruck to be something special. First vehicle for the masses. It does not require paint. It is no easy feat. The only other company to come close DeLorean and it sold just 9000 cars before filing for bankruptcy in 1982. Tesla today down 1 percent. Those were our top company stories You're listening to Bloomberg Business Week with Carol Messer and Tim Stenebeck on Bloomberg Radio. It's Bloomberg Business Week. and Carol Messer Tim Stenebeck live in the Bloomberg Interactive Brokers Studio in New York. Let's go to Washington, D
Bloomberg Radio New York - Recording Feed
Monitor Show 14:00 11-11-2023 14:00
"Interactive Brokers pays up to 4 .83 % on instantly available USD cash balances in your brokerage account. How much interest can your broker pay? Interactive Brokers' conservative and prudent risk management uniquely positions them to pay up to 4 .83 % on uninvested, instantly available USD cash balances in your brokerage account. The best informed investors choose Interactive Brokers. Rates subject to change. Visit ibkr .com slash interest rates to learn more. 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. President Joe Biden is paying tribute to America's veterans. The president took part in a wreath -laying ceremony at Arlington National Cemetery in Virginia today and delivered remarks to a crowd of several thousand veterans and their families. As New York City holds its annual Veterans Day Parade, the 104th annual parade honoring Americans who've served the country in conflicts around the world. French President Emmanuel Macron is warning Israel must stop bombing Gaza and killing civilians. In a BBC interview, Macron says there was no legitimacy for the bombing and that a ceasefire would only benefit Israel. Macron says babies, ladies and old people were being bombed and killed and there's no reason for it. While the head of the social platform X, Tesla and SpaceX, Elon Musk, says in an interview the Israeli military's aggressive response to the Hamas attack would lead people to rally for the Palestinian cause and warns the IDF's response will likely backfire on Israel and could create more members of Hamas. Musk recommends conspicuous acts of kindness from Israel as a way to ease the conflict. The U .S. Department of Education is preparing to send out secret shoppers to student loan providers. Brad Siegel explains.
Bloomberg Markets
Fresh "Tesla" from Bloomberg Markets
"To be be something special. It is the first vehicle for the masses that does not require paint. No easy feat recall you the only other company to come close was DeLorean and it sold just 9 ,000 cars before filing for bankruptcy in 1982. Again ahead of the Cybertruck event we've got Tesla shares up now by eight tenths of one percent again recapping stocks are higher S &P up now by 10 points. I'm Charlie Pellet that is a Bloomberg Business Flash. Alright Charlie Pellet thank you so we much appreciate it Jennifer Ryan Paul Sweeney live from the Build American Mutual headquarters down in lower Manhattan World Financial Center here we're also streaming live on YouTube so you can head over to youtube .com and search Bloomberg radio and that's where you will find us. Alright we've been all over this public finance municipal finance market today we've talked to bankers who issue this stuff get the deals done we've talked to investors who invest in this stuff I bet actually the people spend
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 11-10-2023 16:00
"Interactive Brokers charges USD margin loan rates from 5 .83 % to 6 .83 % rated the lowest margin fees by stockbrokers .com. Their clients can also earn extra income by lending their fully paid shares of stock. Join Interactive Brokers clients from 200 plus countries and territories to invest in stocks, options, futures, funds, and bonds on 150 global markets. Rates subject to change. Learn more at ibkr .com compare. Hosting a gain on the week. Remember those first three days of the week even though we were in the green it was relatively tepid gains here so the strength that we're seeing here on this Friday really just kind of clawing us back I think to kind of where we were about a week ago. The Dow Jones Industrial Average is gonna finish out the day higher up by about 1 % or about 390 points and change. The S &P 500 higher by about 68 points or 1 .6 % and if an official close above 4400 4415 and change which is also above that 100 day moving average. Meanwhile the NASDAQ composite higher by almost 300 points or 2 % on the day and for once the Russell 2000 decides it actually wants to play along up a percent on the day. Alright well that's pretty broad -based at least in the S &P 500. Peeling back the layer there Scarlett you see 436 stocks in the S &P 500 higher today only 65 moving lower. I feel bad for whoever's doing decliners Scarlett. Yeah that'll be me later on. I look at the New York Stock Exchange almost three stocks higher for everyone that is lower and that it's pretty much reflected in the industry groups as well. Chip companies are the best performers on the day and for the week as well up about five and a half percent this week. Software services and autos that's really Tesla bringing up the rear in terms of the best three performing groups. In terms of laggards because all the industry groups are higher food beverage and tobacco telecom and farmers so the more traditional defensive sectors are not doing as well today. Alright let's take a look at what's going on.
Bloomberg Markets
Fresh "Tesla" from Bloomberg Markets
"The two -year is yielding 4 percent. S &P up 10. That is a gain of two tenths of one percent. Dow industrials up 82 now also up by two tenths of one percent. Nasdaq up by two tenths of one percent as well. The big story though the Russell 2000 surging emerging now by 1 .1 percent. Small cap shares certainly outperforming today. We have got spot Black gold higher now by three dollars the ounce after yesterday's surge at 2043. there A of one tenth of one percent while West Texas Intermediate crude is up 1 .6 percent 76 77 .62 for barrel of WTI. Tesla shares up by eight tenths of one percent. shares Shares are advancing in the run -up to its Cybertruck delivery event. Tesla designed its stainless steel Cybertruck to be be something special. It is the first vehicle for the masses that does not require paint. No easy feat recall you the only other company to come close was DeLorean and it sold
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 11-09-2023 16:00
"Financial advisors, are you looking to add or switch custodians? Are you going independent? Interactive Brokers provides lowest cost trading and turnkey custody solutions for all size firms. Trade globally from a single integrated master account with no ticket charges, no custody fees, no minimums, and no tech platform or reporting fees. Plus, IBKR has no advisory team or prop trading group to compete with you for your clients. Switch to the custody solutions that work for you at IBKR .com slash RIA. And we just mentioned it there, the Russell 2000 remains the laggard once again here, down 27 points or so on the day. That's about 1 .6 % lower. Alright, peeling back the layers of the S &P 500, not every stock is lower. We've got about 125 stocks this point that did move higher today, Scarlett. 378 did move to the downside. Yeah, but most industry groups are definitely in the red. You have 24 of them and we have 3 that are gaining, but it's just barely. Insurance companies, household and personal products, and semiconductor companies barely in the green. On the downside, Tesla leading autos and components lower by more than 5%. Pharma stocks also losing 2 .8 % and REITs under by 1 .5%. Alright, well I did manage to find some stocks in the green today, some barely hanging on there. Gotta talk Disney right now, up by 6 .87 % on the day today. Disney shares rising after the company reported better than expected profit.
Bloomberg Surveillance
Fresh update on "tesla" discussed on Bloomberg Surveillance
"I mean they slow activity down it's just it's economics 101 is what the wants Fed to see happen so they can bring prices down vehicle prices are still at historically high levels even though David Walsh is a pro goes right to the heart of it seven hundred dollars a month David Welch is shopping new cars in Detroit for Bloomberg driving all of our coverage they are a bombshell coming up again I can't say enough about this John Farrow in conversation with the engineer from the General Motors Institute the chief executive officer of the General Motors Corporation the legacy of this I can't say enough Lisa about the legacy of this that David touched upon and there was the key phrase Wall Street has ignored the auto companies I find this in this is is Tesla an auto company and I don't want to get in that debate right now but the base I think if you take my colleague and I mentioned him earlier the uber Bowl on GM he's been right about market share this pickup trucks but that it's a stock been there and the answer is no and we've seen this inside 2009 right after that became a real focal point of the bailout and all that I will say this one of the questions that I have is how much are some of the auto manufacturers in the US ratcheting back expectations because auto of loan rates and the increasing delinquencies just want to point this out from the latest data from the New York Fed showing it that the average rejection rate for auto loans reached 11 percent in the latest read that is the highest going back to 2013 and you still it's what does it cost to get into and we're all hardwired for two something a month hundred three dollars a month unless you're driving something fancy but you know they price themselves out of the American market it comes into used cars and even in used cars with the slowdown you have true disinflation the in price of used cars and to the inventory chart I don't have it in front of me folks but it's real simple I guess Ford and GM doing better than Stellantis Chrysler I'd like still can't get used to the word Stellantis Dodge Ram and that kind of thing and then there's others as well and there's it just seems to be as a general statement into the winter a of lot cars out there especially as you see delinquencies in particular young younger borrowers who are borrowing to buy cars really creep up to before what we saw during the I mean this is actually exceeding that by by a significant margin so again I mean do you start to see the disinflation there or do they just produce production enough that you end up with sticky prices despite just lower volumes? on a Tuesday near the end of the month I will say for the first time folks what I haven't said in ages Bloomberg's surveillance is on a record high watch for the Nasdaq 100. Russell 2000 up 1 .1 % Nasdaq 100 futures $16 155 which is below that $16 ,573 record high but now we're within reach and fueled I would say in significant part by the rally that we've seen in the bond market with the expectation absolutely I will just say this coming out from Andrew Holland Horst of Citigroup moments ago saying pushing back a little bit against sort of the rate cutting enthusiasm that we've seen saying we continue to think these quote normalization cuts are more a theoretical possibility than a likely outcome the is Fed likely to wait until the economy is more clearly entering recession before cutting rates and it goes this question of what's the threshold to actually make that move we're going to be listening for that from some of the market speakers from some of the Fed speakers ahead of the quiet period second look third quarter GDP with a 5 % statistic I know interesting to see the makeup of that the GDP price index and then you know claims on the 30th of the month two days tomorrow rather coming claims out here will be extraordinary I mean continuing claims and also initial jobless claims 218 ,000 I think that used to be called fully employed America's where I would put that stay with us much more coming up on the American economy best investments at PPAC take your research to the next level with interactive brokers fundamentals Explorer fundamentals Explorer provides comprehensive worldwide fundamentals data to all IBKR clients at no cost dive deep into hundreds of data points covering historical trends industry comparisons key ratios forecast ratings ownership and more so you can see the whole picture find data faster add depth to your trading analysis and care beyond plane numbers visit IVKR .com pop culture is always evolving and those changes impact our lives in ways that are both visible and not so obvious I'm Lucas Shaw and I cover the business of pop culture for Bloomberg my job is to uncover how entertainment is and explain what that means
The Bitboy Crypto Podcast
A highlight from The Elon Musk Problem
"I do not respect the SEC. I do not respect them. It seems like a tale as old as time. But how did this feud start, and more importantly, who's winning? Today we're looking at Elon Musk's battle against the SEC and what that means for the future of crypto. It's time to discover crypto. Musk's struggle with the SEC started back in August 2018 when he tweeted about potentially taking Tesla private. A few days later, Musk claimed Saudi Arabia might be interested in funding the privatization plan. At the same time, rapper Azealia Banks accused Musk of being on drugs when he posted that tweet. Rumors circulated that the SEC had subpoenaed Musk and Tesla shares dropped. The SEC probe continued and Tesla shares kept dropping until Musk finally announced that Tesla would remain public. Then in September, the SEC accused Musk of securities fraud for allegedly making statements he knew were false. Only two days later, Musk and the SEC reached a settlement. Musk had to step down as the chairman of Tesla's board for three years and pay a $20 million fine, which would be matched by Tesla, a total of a $40 million penalty. Pocket change to Elon, but the most important of that settlement was that Musk agreed to have all future communications approved by Tesla directors. But it was obvious Musk wasn't exactly happy with the terms of the settlement because less than a month later, he went on to insult the SEC, first in a tweet on October of 2018 and then in an October 60 Minutes interview, during which he said he had no respect for the SEC and also implied that he wasn't taking the order to have his tweets approved seriously. Then in February 2019, Elon Musk tweeted about car production and the SEC pounced again, asking a judge to hold Musk in contempt for violating the settlement. He once again published inaccurate information about Tesla to his over 24 million Twitter followers. Musk's legal team argued that the SEC was overreaching. They claimed Musk's tweets were close to previous projections and that the SEC was expanding the terms of the settlement to any information relating to Tesla. The SEC shot back that Musk wasn't acting in good faith. Finally, they agreed that Musk wouldn't tweet any information about Tesla's finances or production numbers without a lawyer's pre -approval. Seems to me an overreach on the free speech of an American citizen. Throughout the rest of 2019 and 2020, Musk continued to exercise his freedom of speech, almost like he was trying to find the line between securities fraud and his right to express his opinions publicly. A line that our government purposely keeps vague because that makes it easier for them to punish undesirables. When he tweeted that Tesla's stock price was overvalued, Tesla stock fell from $58 down to $45. And then in July of 2020, Musk targeted the SEC again with a tweet that some considered insulting innuendo. I wonder what that stands for. Interestingly, Tesla also dissolved its PR team around this period, which made Musk's statements the sole face of the company. Then in November of 2021, Musk took issue with some rhetoric in Congress surrounding the unrealized gains from the mega rich. Various politicians claimed it's unfair that billionaires can hold huge amounts of stock, take out loans against those holdings, and never pay taxes. So Musk decided to take it upon himself to show that selling stock would only hurt normal American investors. He put up a Twitter poll asking whether he should sell 10 % of his Tesla shares, receiving even more criticism from politicians. The Twitter poll came out in favor of Musk selling and he starts selling off shares. Later, Elon's tax bill came in at $11 billion. You're welcome, US government. But then Tesla's stock plummets from $413 to $330 in four days, which is a lot for traditional markets. The stock rallied but then kept falling through January when it reached around $265.
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 10-30-2023 16:00
"The world is more complex than ever, but that complexity pushes me to look at the bigger picture. I'm Emily Chang, and I cover tech, culture, innovation, and the future of business for Bloomberg. At Bloomberg, reporters like me dig into the context of a story so you understand how it impacts you. Because context changes how you see things, how you change things. Context changes everything. Start watching my shows and more at Bloomberg .com. There's the closing ballots, and it does look like we're going to finish higher on the day. It doesn't look that way for the month, but that's a separate story. We have the S &P 500 up by 1 .6 percent, or I should say 1 .2 percent. I'm looking at the Dow Jones up by 1 .6 percent, and the Nasdaq gaining 1 .2 percent as well. And the laggard here is the Russell 2000 up by two -thirds of 1 percent, but notably higher as well. All right, we're going to get a breakdown into the groups in just a moment. Some individual movers, we're watching some earnings. But if I look at the S &P 500, 399 names scarlet to the upside, 102 to the downside, 2 unchanged. So investors willing to do some buying today? Willing to do some buying. That shows up in the industry groups as well. 24 industry groups. The only sector in the red right now is the autos and components one. That includes Tesla off by 4 .1 percent. See that red bar at the very bottom? That's the autos group. Everything else in the green, including, let's see, four groups that have gained at least 2 percent. Retail, telecoms and transportation leading the way here. All right, guys, let's get to some of the individual gainers in today's session. And McDonald's is definitely on that list. Up two and a half percent at its highs, finishing the day with about a 1 .7 percent gain. Has to do after it came out with its quarterly update. Third quarter sales and profits, it was a beat thanks to higher prices and movie -inspired ads. U .S. customer traffic, though, it did dip for the first time this year. So just something to keep in mind that not every report was.
The Aloönæ Show
A highlight from S14 E07: Scalar Energy: Healing and Infinite Power
"Hello, welcome to The Ohlone Show. I'm your host, John May Ohlone. In this episode, don't have regulars, because reasons, as always. As for our guest, he's from Florida, and he is a Scalar Energy Researcher, well, based in Florida, of course. And there's so much more we can get into, actually. But anyway, ladies and gentlemen, I give you Thomas Palladino. Hi, pleasure. Thanks for the invite to speak to your audience. You're welcome. So, how's life? It's great. It's what I make of it. Yeah, everything's fine. Thank you. Welcome. So, and have you been up too much recently? A lot of work, research. I always research. My day has always been consumed with research. Oh, okay. Very good. So, what is scalar energy, exactly? I've made a career at this science of scalar energy, so let me explain. I work with energy instruments, scalar energy instruments. We're able to access a person through the scalar energy dimension. It's not electricity. And in so doing, we can provide quantum health. So, scalar energy is an energy dimension. It's the dimension that's afforded by the sun and the stars. And I work with people in this energy dimension exclusively through their phone. Interesting. And how long have you been working on that for? It's been about 50 years now. It's been my life goal. This is something that I've always cherished, 50 years now. And I've really had great success with this on account of the fact that the instruments that I've developed allow me to control that spectrum of energy. I'll put this into context. A scalar energy instrument not only allows me to control the energy from the sun and the stars, but it's intelligence. It's information. So I'm not controlling a stream of electrons. I'm controlling intelligence, the consciousness perhaps of the universe. Now what does that mean to your audience? I can access consciousness, the intelligence of the universe. And if I can do that, I can do incredible things with this instrument of consciousness. Oh, okay. That's a lot to take in. Yeah, Yes. it is. You're absolutely right. So in what way is this energy generated in more depth? Yeah, that's a good point. So I believe the energy originates from the sun and the stars. I believe it's a first principle, a first cause. Hence God, the Creator, is behind this energy. Now if that's true and accurate, then I have accessed, if you will, the consciousness of the universe, of the life force energy of the universe. And in and of itself, that energy should allow me to enter into a different paradigm, a different, if you will, not only a different energy dimension, but a different spatial and temporal setting. I can transcend time and space with this instrument. That's my comment. All right then. And could this be implemented like anywhere in the world? Yes, that's a good point. So with my instrument, again, I work with people by way of their photograph. Now what do I mean by that? Well, the instrument does not work one on one with people. It works through force fields. It works with photographs of a force field. And in so doing, any photograph will allow me to access a person's quantum domain or their quantum character by way of a force field. So to put this in perspective, scatter energy is a different dimension. It's not electricity or magnetism. It's a force field. And I can access a person either directly or by way of their photograph or even by a hair sample. Hence, this energy calls to mind, if you will, consciousness. It calls to mind a holographic universe. That's what I'm working with. The universe is holographic. Sweet. I'm starting to get it now. You've seen the Star Trek movie in which somebody can materialize and dematerialize. Is that possible? Well, in a quantum field it is, because it's all information. So if this is futuristic, well, sure, it is. But it's made possible by way of a scanner energy instrument or an instrument that can access consciousness. This is the key to my research. This has always been the key. In other words, there's another energy spectrum besides electricity and magnetism. I'm working in the other energy spectrum. I'm working in the spectrum of consciousness or the holographic universe. Nice. Nice. And how many years do you think it will be until scalar energy will become a prominent energy generator, a source of energy alongside wind, solar, hydro, whatever power exists? That's a great question. I would hope in the next ten years, I think the path to market will be much simpler than that of electricity or wind or nuclear, is that there is no infrastructure that's needed. You do not need an infrastructure with this energy. In other words, the universe is the infrastructure. You don't need telephone wires. You don't need substations. What's obsolete are cell phone towers. You don't need satellites. You simply need to access this information so the infrastructure pre -exists. The infrastructure that I'm working with is simply the universe. It's a free infrastructure. Oh, yes. A free infrastructure. That's interesting. It makes it easy, right? You don't have to put in place low earth orbiting satellites. You don't have to erect towers. You don't have to erect, if you will, substations and relay stations. Uh -uh. This is easy. Yeah. Incredible. Yeah. Thank you. It is. You're welcome. Yeah. Now, I'm going back a hundred years. Nikola Tesla developed these instruments, scalar energy instruments or consciousness instruments or instruments that work with the non -physical intelligence of the universe. Now, what was Tesla onto? Well, it's free energy. That's certain. But it's also very peculiar that this energy can be accessed anywhere in the universe. So it doesn't matter where I live. I can access this energy. It doesn't matter what time of the day it's from the sun and the stars. So it's free energy with a free infrastructure to make that very clear to your audience. Now, doesn't that sound like the ideal energy? Free energy from the sun and the stars that doesn't need an infrastructure that doesn't leave a carbon footprint.
The TechPod
A highlight from The Magician Brand Archetype
"Welcome to the take part related to the brand archetype, where we explore the different based on that brand adopt to connect with the other audience, today we dive into the magician brand archetype, I'm your host, Sir Jules César Ingolo and in this tremendous episode we will take a closer look at how brands like Nike, Tesla and Disney embody the magician brand archetype. The magician brand archetype represents transformation, innovation and improvement when you can brand captivate your audience by creating experiences and projects that seem extraordinary and almost magical. Let's start with the first of all of them, Nike. Nike is a global sports apparel and equipment company, they have mastered the art of invoking a sense of wonder and inspiration. Nike's Just Do It campaign is a testament to their magician archetype, with their acts featuring athletes overcoming challenges and pushing their limits, Nike taps into the power of transformation, motivating individuals to believe that they too can achieve greatness. Their brand message encourages customers to unleash their inner potential, transforming themselves into champions. Now, let's shift our focus to Tesla, a leading electric vehicle manufacturer, Tesla under the leadership of Elon Musk has revolutionized the automotive industry by introducing cutting -edge electric cars. Tesla embodies the magician archetype by enchanting customers with their groundbreaking technology and sustainable vision through its sleek designs, advanced autopilot features and commitment to renewable energy, Tesla trade and other worldly experiences for its customers. The brand electric vehicles make individuals feel like they are part of the magical movement, transforming the way we preserve transportation and environmental sustainability.
The Bitboy Crypto Podcast
A highlight from Bitcoin Price SKYROCKETS! ($50,000 By Year End)
"Whoo! We're feeling good today. It's a fantastic day to discover crypto. Bitcoin's pumping. We're going to kind of give you our reasoning on why we're seeing such bullish price action, and we had a special guest fly in last night in the midst of our live, our special Breaking Live. He's here today. How are you doing? You want to introduce yourself? I'm doing great. Yeah, I'm Joshua Jake. I've been here once before. Some of you might remember the episode, but Deezy texted me late last night that we were in a bull run, so I took the next flight to Atlanta, and I just showed up for the emergency press conference. We had to charter the Uber chopper, and TJ paid for it. It wasn't me. I thought about selling some Chainlink to fund it, but then TJ stepped up in a big way. TJ, I appreciate you sending the chopper. Always. Chopper for Josh. The bull run chopper. The bull run chopper. Hey, some people buy vehicles. I want aerial vehicles. I'm taking it to the next level. Yeah, why go on a road when you can just fly straight here? I don't know. I haven't been in a helicopter yet, though. I don't plan on it. Me neither. All right, well, let's talk about why Bitcoin pumped. It seemed like it was just a perfect cascading of all these little events, and we're going to break it down with some articles, of course. Then we got the BitLab specialist, Kelly on the charts. He's going to show you some key levels, but I kind of want to just share this tweet right here. This is kind of the catalyst here. The beginning domino effect here. The iShares Bitcoin trust has been listed on the depository trust and clearing corporation. This was kind of, all right, you read that sentence. Can it sound more boring? But then slowly the news started percolating. It's not as clean and simple as Tesla buys $1 .5 billion worth of Bitcoin. That's a simple, easy to understand headline. This was kind of, you got to read between the lines. Wait a minute. This name changed. Oh, so it's approved. Well, no, it's not approved. Oh, okay. I guess I shouldn't care. Well, no, you should care a little bit. Then the market started getting a little bit excited, and then Asia woke up. The Asia trading hours, once they hit. My theory is, and we're going to look at some numbers, kind of back this theory up. Shorts got squeezed, folks. There's a massive amount of short liquidations, and when there's a short that's closed, it actually ends up as a buy order for Bitcoin and just send it skyrocketing. What do you think of that take? I think it's pretty spot on. I think at the same time, we have all this hype coming back into the markets, and retailers kind of getting that FOMO edge. You're getting the good morning text, the bull run back, all the friends I haven't heard of from in about a year. But Larry Fink coming out and completely flipping the script, saying Bitcoin is a flight to quality last week. This all led into kind of this FOMO rally that we were going to be watching and breaking down all the on -chain metrics with you guys today. So I'm excited for it. It's some life back in the market, which I feel like we've all needed for the last three years at this point. But it feels good. It feels good to be back in the markets and see some green. Armie Piper has been in plenty of helicopters. That's how he afforded all that Chainlink. He's a jet setter, folks. We did a special live last night. I'm going to hover here just so you see how cool it was, how exciting. We have five guests all on at once. Yes, on the top left, you can see I was in an aquarium. I did a special deep dive with the whales, folks. I was swimming with the whales so I could bring you the breaking news. I'm trying to graduate from a minnow. You know, one day, one day I'll be a little piranha or something. And we got some really, really good Bitcoin videos coming out later today. You're going to want to check that out. Let's look at the market. Let's look at what is exciting. I do want to hit refresh just because the market is so dynamic today. Look at that pump. I don't know if I can remember the last time I've seen the entire crypto market cap be that close to 10%. The market cap has risen 8 .7%. TJ, what is your take on that? It's great to see green again. Great to see the market moving, volume moving and quick moves. I really enjoyed you guys looking at the level. We've been watching 32k for quite some time. There was a little bit of a volume gap there. And you guys, when you were looking at it last night, you could see as soon as we got close to it, it just ripped right past 32 to 33. It's making, let's make crypto fun again. That's where we're at. And yeah, it feels good to be back. And it is, it feels great to be back. I see Kelly's charts right now. I have this special window so I can see a sneak peek. You guys are going to definitely want to stick around with that. We're going to be there in minutes. Army Piper, you don't want to ride in the helos. I've been in DZ. Probably right. Probably right. I'm scared of heights. All right. Bitcoin, speaking of heights, Bitcoin putting in new heights for the year here. Let me shrink it just a tad. So you can see 11 .6 to the upside, a 21 % green pump for the week here. Ethereum, not that far behind folks. We are now coming in at 1813. Bitcoin at 34 ,000 by the way, two Ethereum's 10 pump 8 .2 % XRP pump also 8 .2 % and then also pretty close Cardano at 8 .8 % Solana, a little bit of a cool down here, but when you look at the weekly, it is up 32 % here. Once we started going a little bit lower doge is a little bit less Tron's a little bit less polygon, a wrap Bitcoin also moving with Bitcoin, but now we're about to get to the exciting part. Josh, I know you're ready for this. I did a little sneak peek. I'm having a short form video come out on this top gainer. I'm explaining why is it pumping? What is it? What is even to do? Talking about Mina protocol. This is a coin I first was talking about in February of this year. And I was telling you folks, Hey, you know, I remember the thesis and TJ, wasn't the best thesis, Josh, you know, I don't recommend people buying. We met an actual Bitcoin billionaire. And he said, Oh yeah. You know, we asked him, well, what's the one coin you're looking for? He's like, Oh yeah, just Mina, zero research. I was just me following the whale. Hey, you saw me in the water last night. I followed the whales folks. And if you bought, then you were in the green. It's looking good. And then if you were like TJ and bought the dip, I think TJ, you got in at Mina as low as what, 40 cents, 40 cents. Yeah. 40 cents. We're now coming in at 80 cents. So Mina look at this pump, baby. 91%. It was a hundred percent. At one point, it was 120%. I was looking at the volume. Mina's volume is up 18 ,000%. 18 ,000 % there, Josh. It got added to, if you're wondering why pump obviously the Bitcoin pump, but then it got added to up bit and bit true. So I think that that's a large reason. Then we have conflux. Conflux is up 40%. Pepe. We were talking about Pepe on the stream last night. Pepe is up 27%. Josh, what do you think of Pepe moving up? Oh, nearly. It was 30 % at one point. Yeah. So if you actually look at the entire meme category, but Pepe is going to be the leader in that space right now, all of the alt coins and meme coins, traditionally, when you get a big pump and Ethereum, you're going to see the gas fees go through the roof. So if you actually look on CoinMarketCap, I don't think my screen's on the screen here, but if you look at the top of the page on CoinMarketCap or CoinGecko, you will see the gas fees rising massively. They actually hit 45 way last night. So when that happens, it starts costing a lot of retail, a couple of hundred dollars per transaction. And a lot of those tokens are going to move pretty exponentially. So Pepe's leading the industry today here. Hit 46 % rally this week. Does that mean we're going to see all -time highs? I don't necessarily believe so. But hey, the meme coin market sees some life to it. And because of the high transaction costs, generally, you start to see meme coins see a little spark back in their life. Yeah. Basically, it's all momentum -based. When you're talking about meme coins, it's a lot of momentum -based. That's why it's so hard to turn around that downward sloping action because it's a lot of momentum to turn that car around. Well, we have Injective is up 17%. Rocket Pool is up 15%. Flow, the Flow blockchain is up 14%. And then Rollbit still has some good gains here. It is up 13%. Congrats to the people playing the crypto casino. You know someone got in that crazy 1000X short or long at the right time. That crazy 500X long. CoinTelegraph. Hello? It was the CoinTelegraph intern.
The Bitboy Crypto Podcast
A highlight from Elon Musk & Mark Cuban Join the Crypto Fight! (Bitcoin Bull Flag Forming)
"Welcome to Discover Crypto. It's a great day to discover crypto. It's October 19th. It's 1031, and we got Drew and Nick Tatar on the ones and twos. How are you two doing today? Oh, baby. Am I on the one or the two? I don't know yet. We haven't really officially given a number to each. So sidecar and the driver's seat. How about that? You're in the sidecar today. Okay. All right. All right. Well, today, folks, we're going to talk about Elon Musk and Mark Cuban teaming up against the SEC. We also have some Elon Musk moves involving Tesla and the Bitcoin that they hold. We're also going to talk about John Reed Stark. He's got some dire, dire issuing warnings that he's got out. New York lawsuit, Bitcoin, and we're going to talk some Ethereum and some Aptos as well. Now, Nick, do you have any Aptos? No. Why not? One reason why. Well, because I'm trying to get my bags, my current bags at the level that I wanted them to be at. I've got X amount of Cardano, X amount of render that I'm still trying to work up to and X amount of Bitcoin. So you got a little cough there. Are you getting over a cold or anything? I feel like I still got this, this cough. I can't get over smoking a cigarette. It's like Matthew McConaughey meme. Well, yeah, the past couple of days have kind of been that definitely that meme, but yeah, just a little bit of a, just lingering super COVID. I mean, it happens when you have like, you know, a giant member and stuff. Hey now. Well, you know what? Let's look at the giant market cap of Bitcoin and all the crypto assets here folks. We are down 0%. So we're up 0%. See, they make it red. I say, let's make it green. Hey, I refresh. I bought, I brought us into the bull market. So go ahead and hit the like button if you appreciate it. A 24 hour volume coming in at $35 billion. Bitcoin dominance 49 .5 and ETH dominance 16 .6. Gas kind of close to where it was yesterday. I think yesterday it was 18. Today it is 15. Well, let's look at the prices here. What is going on? Bitcoin coming in and is 28 ,518. So just coming in right there at 28 .5, it is up 1%, but Ethereum is down 1 % here. We keep scrolling. We'll see a big mover here. We have Solana, big mover, 2%. Solana is still looking good. It is up 14 % for the week. What's your long -term prognosis on Solana? If you had to guess, will we hit a new all -time high the next two years? A new all -time high? Will we pass 269 or whatever it was? Probably not, but will we get really close to the previous one? Yeah. Okay. So you think, well, you know, you're thinking more likely than not, we pass a hundred for Solana, which would be about a 4X from here. Yeah, yeah, yeah. Solana has got that six to 8X potential. So, but I don't think it's going to, you know, crush, you know, 300, 300 is just a big psychological level. Yeah. I'm also coming in along a similar prediction here. I think it has a lot of trouble getting past $200. Drew, what do you think for Solana in the next bull run? $175. $175. All right. So we're all kind of coming in around the same ranges here. Maybe a little bit below $200. Real quick, I would just look at this volume line. I pulled up the historical volume line. Look how like absolutely flat, like how flat that is. That's so crazy. It's like a quant flat there. It's almost synthetically flat there. It's just smooth, like a washboard there. All right. Well, let's look at the top painters. Why is this coin climbing still? We talked about this one crypto Paul coin. It came in at like number 90 or so it was up a thousand percent, three thousand. I can't remember what it was. It was a comma in there and now we are up 300%. Let's just click on it. I want to see what's there. Oh yeah. That's natural. That just looks so real folks. Keep an eye out on this one. No, I would avoid this dumpster fire. Just be careful out there folks. But once we go past that, what else do we have? We have, Hey, DZ's coin roll bit is up 12 .9%. Why am I in roll bit? I saw Gainsey tweeting about it a lot. So I was like, you know what? It looks down. I think gambling could be a strong narrative. So that was the gambling token that I went with. We have injective up 6 .5 % Bitcoin SV.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1436: Spot Bitcoin ETF Will Send BTC Price to $1,000,000
"Welcome everybody to the number one daily Bitcoin pod. In today's show, I'll be breaking down the latest Bitcoin technical analysis as Bitcoin climbs back above $28 ,600. I'm also going to be sharing with you a cycle peak between $200 ,000 and $250 ,000 per coin. Also a fun fact, 13 years ago today, the price of Bitcoin topped 10 cents and it's now up 20 million percent ever since. So a good reminder, when in doubt, zoom out. Also breaking news, BlackRock, the world's largest asset manager, just filed an updated spot Bitcoin ETF app after the SEC feedback. So Gary Gensler, now it's your move. Also $800 billion standard chartered bank to offer Bitcoin custody for institutional clients in Dubai starting first quarter of 2024. Send it. Also Max Kaiser says, people always ask me when Bitcoin $220 ,000 and why? What's happening in the me and Eurasia will crash the global fiat money central bank Ponzi scheme. So the timing is now $220 ,000 is a short term target. Bitcoin is immortal. You can't stop it. Ponzi schemes are fragile and always collapse preach. Also in today's show, we'll be discussing Bitcoin's long -term investors now own over 76 % of all the Bitcoin for the first time in Bitcoin history. Shout out to all my long -term hodlers, also grayscale files for a new spot Bitcoin ETF on the NYC, ARCA, as well as Tesla earnings are revealed and their Bitcoin bags are untouched as the firm splashes out on AI. We'll also be discussing Elon Musk and Mark Cuban teaming up to contest the SEC trial strategies. I'm also going to be sharing with you a $1 million price target as a result of the approval of a spot Bitcoin ETF within the next three years. I'll be breaking down this timeline. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show.
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 10-19-2023 16:00
"Pop culture is something that touches everyone. It's how we fill our leisure time and how we enjoy ourselves, particularly when you're talking about the famous people and big personalities in entertainment and tech. There tends to be a need to sensationalize, but what I enjoy is explaining to people how the things that they love get made, come to be, and how people make money off of it. I'm Lucas Shaw, and I cover the business of pop culture for Bloomberg. My job is to uncover how entertainment is changing and explain what that means for you, because context changes everything. is And that reflected when you look at the sector performances as well. Let's start with the outliers. Telecom stocks, which only basically has three or four members, up 2 .6%. That is AT &T as a big gainer there. Software and services and media entertainment, they're notable in that they did not decline. On the downside, Tesla dragged the auto and components index off by 8 .1%. Real estate investment trusts also losing about 2 .4%. And diversified financials, that's really Discover and Blackstone dragging that index lower as well. All right, guys, let's get to some of the individual gainers. Netflix, certainly among them, we were just talking with our Geeta.
Bloomberg Radio New York - Recording Feed
Monitor Show 15:00 10-19-2023 15:00
"Pop culture is something that touches everyone. It's how we fill our leisure time and how we enjoy ourselves, particularly when you're talking about the famous people and big personalities in entertainment and tech. There tends to be a need to sensationalize, but what I enjoy is explaining to people how the things that they love get made, come to be, and how people make money off of it. I'm Lucas Shaw, and I cover the business of pop culture for Bloomberg. My job is to uncover how entertainment is changing and explain what that means for you, because context changes everything. Who are you, Jay Powell? Exactly. Hey, very good afternoon, everybody. Live from the Bloomberg Interactive Brokers Studio on YouTube and Bloomberg Originals. It is a Fed Thursday, a Jay Powell Thursday, October 19th, and yeah, Jay Powell speaking with our own David Westing, talking about proceeding carefully and definitely, definitely leaving the door open to another interest rate hike. Not in November. That seems like that one's probably not December is where the door is open. Investors are certainly reacting to that. We're seeing markets whipsaw also earnings from Netflix, sending Netflix higher earnings from Tesla, sending Tesla lower. We're going to have more on all that in just a moment. Got to be on your toes, folks, to track the trade today, but we've got it all covered for you. You are going to hear from the Fed chair and that conversation Jay Powell had with our David Weston and the comments that moved the markets and why. And then speaking of the Fed, the price of money, folks. It's.
The Café Bitcoin Podcast
A highlight from Gemini, Genesis, DCG being sued by New York AG for allegedly defrauding investors of $1B with Cory Klippsten, Joe Carlasare, and The Caf Bitcoin Crew - October 19th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohleit, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. All right, all right. Good morning to all of you Cafe Bitcoiners. Today is Thursday, October 19th, 2023, and it's another great day in Bitcoin. Good morning to Dom Bay, bringing you up, Ant, Tomer, Mickey, morning producer Jacob. Good morning, everybody. Good Peter. morning. Thanks for recognizing that I'm sitting here. Appreciate it. All right. You are listening to Cafe Bitcoin episode 458. Shout outs to our supporters on Fountain and Nostra Nests. Our mission is to show, for the show. Excuse me, is to show. Yeah, and to show people what the hell, you know, what the hell Bitcoin is. Provide the signal in a sea of noise. Teach 7 billion people on this planet why there's hope because of this prior during feature we call Bitcoin. I had a funny conversation with producer Jacob this morning. We were talking about how like right now there's just so much apathy in the markets regarding Bitcoin. It reminded me of like this camel in the desert and it's crawling its way across the desert in search of water right now. That's kind of what it feels like in Bitcoin at the moment. And then you get this like blip on the radar where like somebody, there's a rumor, you know, oh my gosh, the BlackRock ETF just got approved and the Bitcoin price goes fucking crazy, goes up 8 % in like 15 minutes. You know, the camel looks up over a ridge and it sees an oasis full of water. It's like, oh my gosh, here we go. I'm getting some water and it like starts hauling ass over the ridge and then it gets there and it's an illusion. But that's the vibe basically. So yeah, I mean, we're just showing up every day. Alex, I completely disagree with that. I have seen more discussion and notice of Bitcoin in normie world in the last six months than in the previous two and a half years that I have been in Bitcoin. I completely disagree with that. I think people are waking up. They're starting to see what is going on in the world. They're looking around for a solution and it is Bitcoin. And I think they're starting to see it. And it's not just the average Joe that is starting to see it. I think that large entities are actually starting to look at this thing and they're going hmm. Yeah, there's a mix. I mean, there's onesies and twosies and whatnot. There's a mix for sure. But there's not FOMO. There's not a sense of FOMO going on at all right now for sure. Shoutouts to Joe Carlasari, Corey Klipsit in the audience. Through both of you guys' invites if you want to come up here. All right, moving on. Today's show we're going to be covering a few news items as well as open Q &A for all things Bitcoin. This just came across my radar this morning. According to Watcher Guru anyway, Tesla still owns $312 million worth of Bitcoin. Any thoughts or comments? Good morning, Corey Klipsit. Good morning. Yeah, I just hopped in to say, yeah, you got to get the Carlasaris and the regulatory Jasons and everybody. Terrence, wake him up. I want to know all about the NYAG suit against DCG, Genesis, Gemini. And Nico needs to do a live stream today for sure. Yeah, totally agree with that. That's in our list of items we're going to be covering here really shortly. For those of you who did not hear, there was an announcement by the New York Attorney General and they have filed a sweeping lawsuit according to this article against a bunch of companies in the space. So why don't we just dig in right away. This is the beginning of this press release. It's ag .ny .gov under their press release section. The New York Attorney General, Letitia James, filed a sweeping lawsuit against cryptocurrency companies, Gemini Trust, Genesis Global LLC, its affiliates, and Digital Currency Group for defrauding more than 230 ,000 investors, including at least 29 ,000 New Yorkers of more than a billion dollars. It goes on to say, the investigation by the Office of the Attorney General found that Gemini lied to investors about an investment program it ran with Genesis called Gemini Earn.
Bloomberg Radio New York - Recording Feed
Monitor Show 00:00 10-19-2023 00:00
"Interactive brokers clients earn up to 4 .83 % on their uninvested instantly available USD cash balances rate subject to change. Visit ibkr .com slash interest rates to learn more conversation on the latest edition of the Bloomberg intelligence podcast. Subscribe on Apple Spotify and anywhere else you get your podcasts. Plus listen anytime on the Bloomberg Business app and bloomberg .com broadcasting 24 hours a day at bloomberg .com and the Bloomberg Business app. This is Bloomberg Radio. Mhm. Mhm. Mhm. Mhm. This is blumberg daybreak, Middle East and Africa. Our top stories this morning. President biden meets with Benjamin Netanyahu and signals full backing for Israel, promising a package of unprecedented support. He also announced this $100 million for Gaza and the West Bank. Why regional tensions simmer oil comes off a two week high as the US eases some crude sanctions on Venezuela. Tech divergence Netflix sores after hours following a larger than expected boost to subscriber numbers. But Tesla falls on an earnings miss. Elon musk dials back on growth expectations as higher rates bite and mortgage sadly falls the most since june of 2020 after sluggish results that came through from the investment bank in particular and the wealth management unit. But the CEO James Gorman expects activity to pick up once the fed presses pause. We are seeing increasing evidence of M and A and underwriting calendars that are building.
Thinking Crypto News & Interviews
A highlight from ELON MUSK & MARK CUBAN GO AFTER SEC GARY GENSLER & ELIZABETH WARREN HAMAS CRYPTO FUD!
"Welcome back to the thinking crypto podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, we've got some breaking news. Billionaires Elon Musk and Mark Cuban are teaming up to stand up against the SEC in a joint amicus brief filed today. The pair voiced their support for the overhaul of the current agency administrative proceedings that allow for the use of in -house judges to preside over cases brought by the SEC itself, prohibiting defendants from the right to a jury trial. And they filed a full brief. It's a lot to go through. So I'm going to let some of the lawyers in the crypto industry go through this and pull out a lot of the nuggets. But folks, this is incredible. Gary Gensler is in trouble. And I'm also going to highlight that next week there are two hearings that are coming up. One is with the House Financial Services Committee. And I told you guys about this yesterday. It's called Examining the SEC's Agenda, Unintended Consequences for the U .S. Capital Markets and Investors. So you have this happening as well. And today we found out that there is a newly scheduled hearing by the House Financial Committee on the next day, Wednesday, October 25th at 10 a .m. It is the Financial Services Committee Digital Assets Subcommittee, which will hold a hearing titled Modernizing Financial Services Through Innovation and Competition. Folks, something is in the works here. Something is cooking up and it's not good for Gary Gensler and the SEC. We know Gary Gensler is taking a lot of pressure, right? The courts are going against the unlawful activities of the SEC and Gary Gensler calling him out. And Gary's taking L after L after L. And the industry is standing up and fighting back. So you have big heavyweights like Coinbase saying, no, we're not going to be pushed over by you. We're going to take you to court and we're going to fight your ass. So right now, his staff is tied up. Right. He can no longer go around bullying these crypto companies because they see the weakness in his armor. They know that the Biden administration as a whole, which is backing Gary and Elizabeth Warren, they are in a weak spot right now. So it doesn't surprise me that Elon Musk and Mark Cuban are doing this. Now, folks, history will tell us that Mark Cuban beat the SEC. He defeated the SEC back in 2013. In fact, the SEC sued him in 2008, accusing him of insider trading. Mark won that battle. In addition, Elon Musk in February of 2022, folks, and I went and looked back for this tweet because I remember him tweeting about it. Someone asked them, what if Elon Musk, Tesla, has been baiting the SEC for years, building their case on the level or corruption, and now they have enough evidence to go public with it all. Grab your popcorn, folks. Elon replied to that. He said, building a case is exactly what I've been doing. Now, someone said starting a fight with the SEC is not a great look. Elon said, I didn't start the fight, but I will finish it. Oh, Gary, you are in trouble, buddy, because these guys are not small fishes. They're whales. They have a lot of money, a lot of resources. And we see that a lot of folks fold when the SEC comes after him because they just don't have the money to fight. Imagine fighting the government, right? Even if you know you are right and the government is wrong, it takes a lot of capital and resources. A lot of folks don't have that, right? But Coinbase, Elon Musk, Mark Cuban, Ripple, Grayscale, they do. So this is not stoner cats that Gary can go shake down stoner cats and these NFT projects and do what he wants and bully them. You can't bully Mark Cuban and Elon Musk, especially these guys who have a lot of resources. They have a lot of big legal experts who know everything about the SEC. They know the law in and out. Mark Cuban obviously defeated the SEC. So this is very interesting, folks. Something is cooking up here and I'm here for it. Gary Gensler has to be exposed. I've said many times, I believe the SEC has a job to do, and that is protecting investors. We need that to be in place, right? But we've seen the SEC has fallen far, very far, folks, from their core mission of protecting investors. They've become corrupt and political. Look at the Bill Hinman Ethereum situation, right? Look at what Gary Gensler is doing in his whole lying and causing confusion in the markets. Just look at what Judge Sarah Nutburn said in the Ripple lawsuit. The SEC lacks faithful allegiance to the law. Can you believe that? The courts are calling out a government agency, which is supposed to have integrity, which is supposed to abide by the law and protect consumers. They're funded by taxpayers. They have fallen far from that, folks. It's a shame. It needs to be revamped. And obviously, you know, recently I interviewed Congressman Warren Davidson, where we talked about his bill that he introduced of the SEC Stabilization Act, revamping the entire structure of the SEC so it's not as political, so it's not corrupt like that. I think that this needs to happen. Will it happen tomorrow? No, but we got to start the fight. We got to get the ball rolling so that we can make change happen, folks. And we don't have Gary Gensler, who is a gimp on a leash with Elizabeth Warren and the Wall Street crowd. It can't work like that. These people are supposed to represent us. They're supposed to protect us. But they serve their masters, the highest bidder. Now, something interesting. Gary Gensler was interviewed today on Capitol Hill, in fact. And here's a short clip that I'm going to play for you guys. James Safer of Bloomberg shared the clip. He said, here's a short clip of Kaylee Lenz asking Gary Gensler about the GBTC and other spot Bitcoin ETFs, mostly non -answers, in my opinion, but does talk about the disclosure review team. We've had some insights into their process via the amendments from some of these fillers in recent days. So here's the clip. In addition to receiving that letter last week, something else that happened last week or rather didn't happen was the SEC acting to appeal a court ruling from August in the Grayscale case. Grayscale, of course, trying to convert GBTC into a spot ETF. I know you can't comment on ongoing litigation, but should we still be considering that ongoing litigation, given that lack of appeal at this point? And if not, what happens next? Wait, didn't you just say that you knew I wasn't going to comment on the litigation, but let me just say... But is it still ongoing since you didn't appeal? We didn't appeal last Friday. I think that's accurate. So you could still in the future in another form. But what we have in front of us, just so that the viewing public understands, we have not one, but multiple, I think it's eight or 10 filings that the staff and ultimately the commission is considering for what's called exchange traded products for Bitcoin to be in a security. So the Bitcoin would be held and then there'd be something called an exchange traded product. And that would trade on various stock exchanges. And those filings are in front of us. I can't prejudge any one of them, but there's eight or 10 that we're looking at. Well, there is a large number and there is kind of a narrative in this market. And I wonder if you could put it to rest that someone's going to get to go first. Is that likely to happen or is it likely to be a group approval? If you're going to have one, a bunch of products could be approved at the same time. Again, I'm not going to prejudge. The staff's doing work on those multiple filings, but it's also about those companies are issuers. See, when a company is actually or an asset manager is seeking to take something public, these exchange traded products need to register with the S .E .C. and they go through a filing somewhat similar to going public like an IPO. And so it's really the work of our division of corporation finance that gives feedback. Our division of trading and markets, of course, looks at the filings of the exchanges. Well, and we know the issuers have had interaction with the staff questions the staff has asked that issuers have tried to address. Do you have a sense at all of whether or not the attempts to address those questions and issues have been productive, fruitful, changed anything? Again, this is this is a time tested process that goes back decades. It's like the staff of the S .E .C. and it's called the Disclosure Review Team. But in that group, they respond and give feedback to potential issuers. But I don't have any details on those individual conversations. All right. Chair Gensler, thank you very much for joining us on Bloomberg Television. We appreciate your time. And again, happy birthday. And Guy and Alex, we'll send it back to you. So as you can see, Gary Gensler, just nothing, just hot air coming out of his mouth. Right. Because we know he's a puppet on strings. But one of the things that he did confirm is that, hey, we didn't file an appeal. And the deadline was Friday, October 13. So I think it's clear they don't see the ability to win an appeal. That's good news. But obviously he's talking about all the team is reviewing this and that and yada, yada. It's just horseshit, in my opinion.
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 10-18-2023 16:00
"Today, with tools like Nanome's Virtual Reality Lab, students can use the metaverse to study complex subjects. They can manipulate molecular structures in 3D, paving a way for a deeper understanding. Learn more at meta .com slash metaverse impact. It really, really changes the dynamic. And you saw that in the mortgage data that we got this morning here. There really is no housing market right now. Right. You want to buy a house. It's going to be pretty expensive, those mortgage costs. And so people are holding off and that means they're not going to buy couches, tables, and all that good stuff from me. All right. Let's walk through the numbers real quickly as we await earnings out of Netflix and Tesla. The Dow down about a percent here on the day. The S &P down more than a percent, about one point four percent, right around that forty three hundred level. The NASDAQ composite down about one point six percent. Carol. All right. Netflix is out, guys. The company giving out its outlook, boosting some prices in the U .S., U .K. and France sees fourth quarter EPS. So we're getting into the outlook remain two dollars fifteen cents. That's two pennies shy of what the street is expecting, which was 217. Boosting prices. Yeah. A lot of people were saying, look, we came into this today where they were the only other major streaming services that hadn't raised prices. They're boosting some prices in the U .S., U .K. and France. Eight point seven six, though, on that paid streaming change. That's that's big. And I think it's funny because Netflix basically says they don't want us to pay attention to that. But of course, that's what we're paying. That's whatever. That's what I pay attention to. That's the only number that people do pay attention to. Scarlett. I'm right when it comes to Netflix. It absolutely is the number that everyone pays attention to, even as Netflix is trying to steer everyone's attention away from subscriber growth and really focus on maximizing profits in its various tranches of offerings. The other thing that among the other headlines are coming out, multi -year packed with Skydance animation. The fall winter lineup includes a squid game competition show. It's really about putting out there what kind of content they can offer and therefore justifying the price increase.
Talking Tesla
"tesla" Discussed on Talking Tesla
"And it's got noise cancelling built into it. Wow yeah that sounds that. Yeah you mean noise cancelling for the outside world. So trucks and stuff found by ambulances. You can't hear very dangerous. Well i mean. I think because there are times there are times when like there's a little more noise than you would want coming from outside And so. I think that's kind of cool. Although there are some aftermarket accessories you can quiet air. Threes and wise. We'll will dampeners and hood dampeners and stuff like that rubber that goes around and seals the door jams. And i haven't tried that. Almost no almost as many watts as horsepower in true sixty almost they should have shown like match those two things because thousand and twenty horsepower. It's ridiculous be funny. They're asking if if they leave a five star review in the chat. While i read it and saying oh gambled today will be the first public released tesla's semi ooh as your One what's the next one more thing. Because i feel like it has. It can't really compete with the the three in the wise so they're not gonna do anything like show what people call the model to I think they've already sort of pushed all the buttons with cyber truck so. I don't think they're going to do anything with that. Semi i mean would be great without the tesla compact vehicle that everybody's been talking about. That could come from china they. I think this would be a good platform for it because it is a you know a high end but it is a high end flat event. I do like the idea of delivering the first semi alum skeptical about that. Maybe it will be do we. Do we know whether or not this vehicle is going to have the new battery. It's not. I don't think so. Could it because they said the plus would have the new off forty. Six eighty cells handled that right so they canceled that so they could possibly just say this will have the new. This could be the first sale. That'd be an interesting one. More thing right to i delivered cars with forty six eighty s right. Now if i was going down go ahead go ahead. So he is m- maybe again they're not going to call it pled plus but the long range version of the pled which you pay an extra ten thousand four. We'll have the biggest sell and five hundred miles wrench please. I'm praying here. So you're let me official. You've said that twice. Now you're the only one of us in the room who would likely purchase this vehicle. What would it take to get you in a model s today. Is that my friend you right up on that. I would seriously consider my next car. They re refreshed pled s if it had over five hundred mile wrench and so s has five hundred miles and it was hundred. Let's say it's a hundred twenty nine nine nine hundred thirty two. That's what we're talking right now. This car is one twenty two with with how many miles of range on the website right now one twenty. Two nodding was three hundred ninety miles of brain. Does it say over. Three hundred ninety. It says three hundred ninety estimated when you click on clad if you hit long range it goes to four twelve so if you go no plaid you can actually go down today you can for. You can go down to seventy two thousand dollars. Now you're only at seventy two thousand and it's four hundred and twelve miles of range. But it only does a piddly hundred and fifty five miles an hour versus going to a hundred and twenty two thousand three hundred ninety miles of range but you can do that range at two hundred miles an hour. A new thing that they're doing you if you pay them less money give you more rain. So the fifty thousand eleven actually gets but it only does our eight miles an hour. Yeah so really seriously like would you consider. I wouldn't buy it because hundred twenty two is to me. It's an outrageous number. But i would consider it or give it a look all think about leasing it because that doesn't seem outrageous. Even though that lease payment would be ridiculous. It'd be smells ryan job with consider it and then i would just start praying. Please bring me a four hundred plus mile range. Why go yeah. That'd be nice. Well i thought four hundred was your magic number. Five hundred but magic east. It's gone up. The purchase price is one twenty nine nine. I had it clicked on potential savings price. So we're currently at one twenty nine nine nine zero for the plaid model s. It does have three motors though three. Yeah so that number just two days ago when i put the details in the show notes was only nineteen nine ninety and so. I don't know that you're going to get anything more now that they've upped the price. So i guess they wanted to just with this jazzy introduction. Jack up the price. And i don't know what that's gonna pay for pay for something. I think you're right that we're all thinking they're going to have this something different a revealed they've got to i think they can't just say we check the price of ten thousand and you're getting exactly what's being on the website for the last six months. Can they do that. they can't well. They probably could even revealed. They've revealed it's done well you know. They're they're technically. They're delivering delivering. They're gonna give rides on on the track which mail you could have gone to but apparently you decided not to..
Tesla Daily: Tesla News & Analysis
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"I think that should temporal a little bit of the expectations. In terms of you know how much battery day is actually being incorporated here with the plan. expert also bethel talk about zero sixty. Of course they've got the test track setup so expected you Zero sixty runs may quarter mile round demonstrate. Some that they'll talk about their laguna seca laptops. I'm sure you know they're. You mentioned that at battery day. We've seen them out testing that Alongside those quarter-mile. I don't think we'll hear anything on the nurburgring. Unfortunately that was a big element for the plaid. Plus i think to be able to you know really beat the ticon and beat production other production vehicles at the numbering which is a much longer track than laguna seca. I'm not sure the plaid performance is going to be quite at that level. The plaid plus i think is was going to bring in a lot more of that longevity so i'd be surprised if they bring up the nurburgring but that would be awesome if they did and then hopefully they talk in terms of powertrain. You know we talked about this a little bit early on but was able to cut a bunch of wheat from the specs of the model s. With this update so even though they added range they added At least the model asked added range. They added a better acceleration things like that. I'm expecting a smaller battery. I don't think we'll get the battery size quite yet But hopefully they'll talk about how they've been able to cut weight so we've got. I don't have the old figures. But i think they cut out a couple hundred pounds from the platinum both the plaid from the previous performance and the long range which again if that's accurate for the plaid that super impressive because they did add that third motor versus to previously. So it's going to be interesting to see you know in that..
Tesla Daily: Tesla News & Analysis
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"Just based on the speed of travel and things like that but Hopefully hopefully that rumor ends up having some basis in truth and will see a better age. But i still think. I'm gonna lean towards on this one We'll see what people i've just. We've got about four hundred votes here so i'm in the minority minority here About twenty twenty one and a half percent of the i. Four hundred votes here have voted known. The remaining seventy and half percent voting. Yes so. I don't know in the in the chat on youtube. Let me know what you guys think. That range might come out. Looks like we've got some people saying you know about four hundred twenty miles. No surprise there. some people saying hundred fifty miles in the near future. I do think there's potential for tesla to increase this and like we were talking about earlier this week. Hopefully they've built in a way to eventually upgrade to the forty six eighty s and get a little bit more range out of that if the forty-six eighty s aren't in their already. Our next question here question number three so this one is software related and the question is if tesla announces a version eleven software update it. Roll out to the model three and model this month. Then the options here are no model next only. Yes for all three or sorry. I'll four as three x and y or version. eleven won't be announced and version. Eleven won't be announced would be announced or not ready so it's a little bit tricky to understand those options. Just what the twenty five characterized pulling limit here on twitter. Hopefully that's clear the reason. I didn't make this question. Is tesla getting announced version. Eleven because i think the majority would have voted yes. I don't think the results there would have been quite as interesting because you may remember a couple probably about two months ago. Now we did see this version. Eleven software leak from one of those early model s.'s. That had been finished. And was you know being tested or waiting sitting around waiting for whatever tussles van ben finalizing for the last few months. So here's kind of a quick look at how that screen looks You can see sort of the smart shift controls. Both here and along the edge here Some new design in terms of how things are laid out. And you know hopefully some other features to you that we might hear about tomorrow. If tesla doesn't version eleven. Which is hopefully something. I expect For the model s. An so the question is if they announce for the..
Tesla Daily: Tesla News & Analysis
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"I thought that was kind of interesting. Wanted to pass that along as well next year just wanted to briefly talk about bitcoin. This'll be super. But bitcoin did dropped today So you can see at the low point today right around thirty one thousand dollars. I did just want to point this out. Because that twenty. Four hour low That's not lower than the previous law that we had so remember. We talked about the potential. Bitcoin impairment that we might see from tesla On tussles earnings report for you to if bitcoin continues to fall which has recovered throughout the day. But if it does fall below sort of that thirty one thirty thousand dollar level That impairment charge which we estimated before somewhere around sixty seventy million dollars could become bigger again. Assuming that tesla hasn't sold any bitcoin to offset that or completely accident their position which is also a possibility given some of the tweets that he on his head About four or five days ago. So i just want to point that out. I don't think there's going to be any additional impairments yet but it's something to keep an eye on. Bitcoin continues to you. Know continues to fall a little bit here over the last really the last month so somebody keep an eye on their last thing. Today is just a a report here from reuters. So they're saying that apple is in early talks with china's cat l. and b. y. About the supply of batteries for its planned electric vehicle for people with knowledge of the matter set. So it's been a couple months as i said since we've heard rumors about apple and electric vehicles seemed like they were trying to partner with hyundai kia and you know those rumors down than those kind of like a stepping back. It like a potential partnership there now. It looks like apple may be going directly to battery Which you know. I think that if apple were to get into the game. I would want to see them. Do it without a partner But at the same time. I'm not sure they're going to be able to approach the segment with the amount of volume that it would make a lot of sense for them to do that. So i continued to not really put a whole lot of weight into these into these rumors. but you know we'll continue to follow them as they come in and we'll see How it materializes at so. I think that is it for today then As always thank you for listening make sure you are subscribed and signed up for notifications. You can also follow me on twitter. At tesla podcast. And i will see you tomorrow for the wednesday. June ninth episode of tesla. Daily thank you..
Tesla Daily: Tesla News & Analysis
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"Everybody round here and say we are continuing in the wake of tesla daily. Live as editor is still out. Today we have a few topics to go through. I'll be a little bit more succinct today. Hopefully working on that. But we're talking about china's sales numbers for may we finally have the report from the c. We finally got not necessarily actual but these are the most concrete versions of the numbers that we're going to get so go through those and the implications there we've also got some interesting data from california for q one showing some good progress for the model talk about the details behind that we've got a design studio update for the model model s ahead of the plaid launch on thursday talk a little bit about bitcoin situation there and new apple v rumors that have resurfaced. It's been a couple of months since we've talked about those us. We'll talk about the new information there. So as you can see the stock you're Pretty disappointing day after a strong start. Tesla was trading up at six hundred twenty five dollars per share so the pre trading fell throughout the day to close down slightly quarter of a percent To six hundred thirty dollars fifty nine cents following a little bit more than after hours. Obverse the nasdaq. Which on the day was up about a third of a percent so disappointing to see that fall off and seemed to rise a little bit with these china numbers and then fall throughout the day. So let's those china numbers here. You can see the report from the cbc. So they're saying companies here with wholesale sales exceeding ten thousand vehicles..
Tesla Daily: Tesla News & Analysis
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"You know tesla reports on those things Couple times a year so they do everything the cans make sure that they're sourcing conflict-free minerals They report lots of stuff. Lots of details on that for anyone that wants to actually take the time to look into it. I think there's some stuff about the emerald mined stuff that has been debunked many times And then yet. It really seems like a retaliation for llamas tweet about bitcoin. Which this whole hoping associatively. Because here's the price of bitcoin. So we're at thirty thousand dollars per bitcoin. Now when tesla i bought. Bitcoin first announced the bitcoin. The price went from thirty. Eight thousand up to forty four thousand but the point is before you and tesla even got involved in it. It was thirty eight thousand dollars when this videos posted on june fourth. The price was thirty. Seven thousand dollars so okay. Yes it spiked up here. After he tweeted about it and then it fell after yellen cap tweeting about it to the exact same price that it was before desolate involved. So they're claiming that he lon was ruining lives of retail investors by getting involved in bitcoin and things like that. But it's just that argument makes no sense. And i'm extremely frustrated by this because there was a bitcoin conference in miami this week. Do over this weekend and there were pretty ridiculous. Thing said someone on stage a viral video. Someone cursing out. You'll musk saying that they'll they'll never sell bitcoin Just can't ridiculous stuff when the prices the exact same as when he got involved and actually it's even higher because if you remember yuan saying that. He was a supporter bitcoin on that clubhouse interview that was before tussle disclosed their position and i think bitcoin around like thirty thousand dollars. Then so yeah. Hopefully at my point is made on that the other thing. I wanted to say here this this this anonymous channel. They have one hundred and seventy thousand subscribers. They had like a hundred and fifteen before this video. Got two point two million views. This isn't even like the hacker anonymous channel that channel has. That's this one with three and a half million subscribers so people are just miss attributing this. Obviously anonymous is anonymous like anyone can be anonymous But it's not sort of like the. I mean it could be anonymous again. But it's not like the main anonymous official channel. You know hundred ninety five million views here created back in two thousand twelve. So yeah that whole story to me is just completely not interesting and mostly annoying you guys get less of a filter from me when i am live Okay so next thing here. Let's see. I don't know if i've got in the right order here Oh another point here. Just on the bitcoin stuff Someone will saying we missed. The tesla tweets You onset fair point back to regularly scheduled programing since then we've had quite a few more tesla tweets. I don't know if there's any bitcoin tweet since then so Did just want to point that we doubt as well next year I think. I may have not pulled the tweet up for this one so let me see if i can just get to that quickly and if not that's all right okay. So this one Somebody asking you onto you. Give them updates about Jeff software i would assume that's gigafactory software in terms of manufacturing Fasd auditors version. Three doja chips future applications for vision as a service and forty six eighty progress yawns.
Tesla Daily: Tesla News & Analysis
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"Off so let's move on here to the news that we got after hours today and definitely some disappointing news for me to hear So tesla in an ak filing today announced that Drome guillaume president of previously tussles entire automotive Since march heavy trucking has departed the company effective june third so this is a disappointment Jerome has actually left the company for kind of hiatus in the past. So he's worked at tesla for about eleven years he took. Maybe i wanna say to two years off. Maybe somewhere in that ballpark During that stint and then actually did come back And now we're seeing jerome depart again so unfortunately don't have any information on whose decision this was. But as i said back in march we did see you. Know jerome shifted over from president of automotive to president of heavy trucking. At the time you know it's not necessarily clear. Sorry about that guys. I don't use an adblocker. i feel like it'd be a little hypocritical but Anyway back in march we saw jerem flip over from president automotive president heavy trucking which you know you could have argued okay. tesla's now getting ready to ramp up the semi. They want drum focused on that area. Now in hindsight it definitely looks like more of a you know a little of a demotion ahead of this move may be making it. Seem a little bit less impactful than President of automotive leaving so you know. I met her own. Think he's done really great work. I've appreciated perspective when he's had the opportunity to share some of his thoughts on earnings calls or at tesla events. And things like that so definitely feels like a loss But at the same time not the first time..
Talking Tesla
"tesla" Discussed on Talking Tesla
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Talking Tesla
"tesla" Discussed on Talking Tesla
"Ribian is delaying. Its reveal or launch or delivery of its first vehicles. They say a month but in this article from electric. When i hear that. I kind of think it's been a hard day's night when you hit the spring through sorry. I didn't have my headphones. Mel's here by the way to see you know to say something funny. So ribian has confirmed that the are won. T is going to calm a monthly or not this month june but in july. They're going to make their first delivery but no significant deliveries until twenty twenty two. So i guess they're gonna trickle them out the pulling tesla on us and they have three battery packs. It sounds like they're going to be doing the same thing. As tesla delivering the four hundred plus mile. And the three hundred plus mile versions. Those have one hundred and eighty kilowatt-hours and hundred and thirty five kilowatt hours respectively. And i mean it's a great truck i'd love. I'd love to go camping in that thing. I'd love to go camping period. But i would definitely love to go camping in the region. That's pretty sweet. I guess it would just depend on. Where again if we're talking about what is its capabilities are people are going to be moving taking suspension out i. I don't know what it just camping camping like normal forest road camping. Not like over landing type campings overlending peop- people are very excited about ribian and i hope they do well. They all need to do well right. That's the whole point. And that's why i asked the question. About how many vehicles tesla can make because washington is replacing. The fleet cars is thirty million vehicles a year. Thirty million vehicles per year general for cars will last longer though so you have to start shaving that down a bit. Hopefully yeah. we'll figure it out. But i mean i think that's the benefit of electric as they might be less over time and then autonomy there might be less overtime. God we're not gonna talk about stop. You brought it up. I can see the look on your face. Don't look at me like that. Okay what are you doing. You're in the room. Okay all right. Oh my thing else about the riviera. I mean yeah. It's it's exciting. But like how delayed is the ribian winded we go. When did i break the review in a bit launch event up at the griffith park observatory. He was like at least two years ago. Twenty nine hundred before the twenty thousand nine l. a. auto show november. Like something like that. Yeah snap. I can still hear it. Oh my god like the just my brain like when it happened. I was like oh my god. I can't believe. I groped truck. I guess a handed. You missed that one so i can recap it. So we went to the the riviera event at the griffith observatory and they were like. Don't touch the truck but people were touching drunk and they're all kinds of thing and they had the franck of the trunk open and had these little metal hooks in it after. I don't your your garbage bag. What shopping time. But i was like. What's this for. And i like flipped on open and it just went and like the. It was basically like a grocery hook in like a plastic enclosure and just snapped the whole thing out. It was all like three d. printed like prototype and the auto show is literally the next day and the.
Talking Tesla
"tesla" Discussed on Talking Tesla
"It's it's hard you can't necessarily charge in your in apartment building apartment building that is still a huge barrier and if that could be fixed that would be less of a barrier and the only way to fix things seem like mandating needs to happen like somebody needs to mandate that that is allowed. Like if you're willing to put that money into your building that you live in. They should allow you to be able to do that in a longer. Extension cord won't fix it but not like the the biggest so there are these like four major spiked since june. First in the sort of ev conversation. Yes in general that was part of this article and one was tesla model. S was the first av to achieve four hundred million plus on a single charge and i assume that was one hundred percent just mel very excited that something hit over four hundred miles and just searching searching searching constantly just refreshing his twitter and then the next one and this one is the second biggest was bts talking about hyundai vs and beats yes. Is the korean k pop band. Boy band is that's what bt s so they came out with hyundai. And i think they did a commercial and they were talking about and that really drew a lot of traffic overall on social media towards that and again the there was another one where bt as again talked about the ionic and they presented the ionic and that gave it a little bump but the biggest bump of the last few months since june first of twenty twenty was when president biden announced the replacement of state vehicles with the ev. So this shows that that sort of leadership really has a major impact on the overall conversation right and it's all outside of this talking tesla nation bubble. It's outside of the electric bubble outside of the evening news. Specialty news bubble. And that's the another point that i wanted to make was that. So many of us live within this bubble that we don't know that some k pop k pop band is changing the media landscape over vs. So i think this is one of the places that alon i hope because he listens to the show. We'll take note that advertising putting tesla on the nba finals. There is a reason for it. It does bring people to electric vehicles to consider because they said that when gm announced the hummer and ford announced the f. one fifty and there was one other that those are big big spikes in interest or at least looks at electric vehicles. I know tesla has got like a free ride when it comes to You know advertising so to speak. But i think that they could step up. They.
Talking Tesla
"tesla" Discussed on Talking Tesla
"Who would not have actually none of whom have ever turned a wrench in your life not true not true not true not true or even any tuning to talk tuning. Aluminum co covers trumpet. That's i can. I can do a mean toon. So i'm gonna. I'm gonna say he's not rate just about that i. I think he's talking about cartooning. We listened to it several times thinking that we had missed some context for your assertions. How many times did they listen to it. Several times. That was awesome. That was a one hour and forty minute show time or maybe just listened to that one part where we we shit about sandy and by we. Let's be honest we're talking about joel and it was really me. We're smart enough to not show up for that episode. Let's see you've scraped into some sort of greed base gumri at sling mud. It's my axel community. Tesla needs right now. We need this right now. We need sandy monroe. We need slinging ryan surge forward In its latest projects. There's a long way to go yet. Tesla and actually those tesl a the stock stock symbol. So there's a long way to go for for the tse stock. I guess away from yourself center. Yuppie angst the newest crap. How many tesla's have you guys got literally torn apart and evaluated and then offered a set of evaluations papers for producers consumers to study none but you have said something about how sennheiser audio products related a related. Ingrate de i said something heiser mike. Okay and i saw. Let's get to the point of this. Is you guys talk about sandy. And this young person gentlemen whoever it is could be a woman i said person okay. Es one nine one one somewhere. That's the guy's name all over all over the place. Usually whoever doesn't much matter like wasn't very happy with what you guys had to say about. Zanny monroe okay. Fair enough but weird just weird in general like the whole thing about like us being greedy because we said something about another person so actually tried. Commodore them like look. I think he misunderstood. We all love santa monroe where you think he's really important and and so i sent that out there. I'm like so. I think there's a misunderstanding. It and response. The response is great. Gutter the response to that was mel. Herbert what was said is on record. You can spin it but you've already lost any credibility as people of any sort thank. God thank god beyond musketeers. That's fine but it's interesting to see how you see. You see brains. That means you see branston calibrated breath a message into art of war. Good luck your done. First off not done yeah. He didn't even make this comment on the podcast channel. He made it on youtube which wasn't related to the chip any who. Yes you guys said some things about sending monroe being a a interviewer okay. You're entitled to your opinion..
Talking Tesla
"tesla" Discussed on Talking Tesla
"Talking tesla hawk has. I'm not sure if i should be on the free or the sellers. Each put ratings on. It must be some sort of geometrical algorithm there know. I'm sure this math. So spacex excuse the deal landing On a drone ship is charter. China an expected to drive a car without our pilots charter. China chano could hug a tough. I'll be the first minute. I think that this is a company that has grown by superbeets holy cousin east to because this kept that you've got a model eggs seen the future and it is life. Pull charge. I wouldn't call it a screw up. Do you like your model at go. Hey people here. It's time for episode. Two hundred visit huge. This is big and this is love. Just tell you. The one thing is quite a lot of language in this episode.
Tesla Daily: Tesla News & Analysis
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"So i would say we could have pretty decent confidence in this twenty one point eight thousand and they're saying here for may obviously next week we should get the actual numbers as we talked about yesterday from the cpa. But i think people would receive this as good news as he says there. That's up eight. Eighty eight percent month over month From obviously you know eleven thousand seven hundred that we got an april given the demand concerns. I think people would be happy with that number The other thing to consider here is this doesn't necessarily invalidate everything that we talked about yesterday. Remember when we talked about the orders for both april and may those combined minus the deliveries in april still meant total order backlog of at minimum of about sixteen and a half thousand vehicles so this would only be a little bit more than that. That'd be about five thousand more. Which tesla could definitely have had five thousand orders of backlog plus eighteen thousand april plus the nine point eight thousand in may Cumulating up to be to eventually lead to twenty one point eight thousand deliveries and so like we did yesterday. Wanted to go through all that kind of the fact checking there just to see if this could be plausible. I do think it's possible. We also have another rumor here. I'll flip back to the browser. We've also got another rumor here on same staff but also from or sorry but from rafer tussle. Sorry for tesla has been a pretty good source of information. Coming out of shanghai on you know a lot of different things. He tweeted late last night. quote disclaimer. the following numbers are what. I just heard highly speculative until confirmed if turned out to be wrong. Don't shoot the messenger. Forty five thousand made in china model three slash units produced in may including twenty thousand delivered and twenty five thousand exported. Production capacity for export has been booked till july. So that twenty thousand deliver. That's pretty close to you. Tesla shanghai's number there of one point eight thousand and again. They had been maybe thousand odd. Pretty consistently so right in that ballpark and then twenty five thousand exported that would be you know quite a bit of from what we had seen in april of about fourteen thousand and production super high. They're forty five thousand will go into my excel productions spreadsheet here in a second just to wrap with his tweet here he says a second source has the may production number pegged at forty four thousand two hundred thirty five units about eighty seven hundred more than the peak number in march gigi shanghai's operating at full speed as evidenced by recent videos And second shift for white production line was added in late april. So kind of what. We talked about their In terms of that shut down and then ramping up after that with a second shift kind of doubling the production rate on model for may and june. so that's kind of what we'd gone through before He does. Ray does make sure to point this out. Treat it as a rumor as of now so yes..
Tesla Daily: Tesla News & Analysis
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"My recommendation would just be that as soon as you make. The columnist put a little notice on the interior page of the design studio that says orders placed after x. State may not include adjustable passenger. Lumbar support allows tesla to work through that transition period. Where car may or may not have tussles. Not necessarily sure doesn't want to deal with figuring it out. Some customers will get it be pleasantly surprised. Some won't but they would have known about it ahead of time and in that interim period. Hey you've got a nice little demand incentive to get people to lock in on order and trying to that feature so overall no. I don't think this is a really big deal. I doubt many customers are going to make their ordering decision one way or the other based on this but i do think it's the latest example of communications that could have been handled a little bit better from tussles end on a more positive end of the spectrum and the last thing on seats i promise somebody on twitter did point out the fact that tested view the logs for the passenger seat also meant they could probably offer saved presets for the passenger seats. Said they hope that's coming soon. And yuan replied saying agreed so could be nice addition someday which of course tesla tends to get a lot less credit for than when something goes away perfect example being the heated steering wheel on the model three in the model. Why i didn't get that. I missed that by a couple of months. No hard feelings but sorry passengers. I do think i would trade the passenger lumbar support control for that heated steering wheel anyway moving on from that. Let's quickly go back to the second part of that tweet as i mentioned ilan talking about increasing prices due to supply chain cuss challenges and raw materials costs both factors. That we've been discussing as tesla's been doing these every other week. Price increases so not surprising to see. John mentioned that just as a quick check for where things are at so far. Aluminum year to date is up. Twenty two percent nickel for example up nine percents with him ninety percent just a few examples there but we can see variable and magnitude generally increasing. But i do think tussles high demand and potentially looming Tax credit have also been factors. That you on probably is less likely to highlight and we'll get more insight on that and about a month and a half with tesla's q two earnings report right next up here. I wanted to go back to topic. We discussed at length last week. Tesla shift towards pure vision away from utilizing radar. We're now starting to see deliveries of the three in the wi without radar. So people are reporting on their experience with autopilot. One of the most popular threads on the tesla motors suburb at this weekend was about one..
Tesla Daily: Tesla News & Analysis
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"Everybody rob mauer here. Welcome back to tesla daily after. Hopefully a nice long weekend for many of you. I hope everybody made it through lumbar gate yesterday without tussle daily episode. If you're not sure what. I'm talking about yet with that. Will of course be discussing that in this episode. We also have updates on tusla's move to pure vision. Some i reports on how that's going a minor postponement of the platte model s. delivery event couple product updates tesla's interest in the restaurant business and a couple other stories as well. Somehow we are already now. In june tesla stocks. Starting off the last month of q down zero point two percent pretty quiet on the day to six hundred twenty. Three dollars ninety cents. That compare to the nasdaq also down slightly one tenth of a percent. We'll start off here just quickly on the lumbar support topic. This caused quite a bit of stir this weekend as somebody unread. It took delivery of a new model y and notice that on the passenger seat. The lumbar support control had been removed. So that's the area of the seat that would support your lower back. Previously could move that upper down. Inter out and tesla has decided to remove that from the new model three and model. Why again for the passenger seat. Only driver seat still has the control so understandably pretty disappointing for a customer to have to find that someone was expressing disappointment on this on twitter. Saying they don't like the direction tesla's going raising prices of vehicles but removing features like lamar for the monterey on top of rumors of fasd increased to fourteen thousand dollars without any real added features do fasd. Unless you're a beta tester. You lana plant that saying quote moving. Lamar was removed only in front passenger seat of three slash. Obviously not there. In rear seats log showed almost no usage not worth cost slash mass for everyone when almost never used prices increasing due to major supply chain price pressure industry-wide raw materials especially and we'll talk about the pricing component in a second but my personal thoughts on the situation..
Tesla Daily: Tesla News & Analysis
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"Everybody rob now. We're here to kick off tussles q earnings week. We'll be doing my earnings up tomorrow. Probably live i'm still waiting on the company compiled estimate so i want to have that as a benchmark for us to compare it to you and we've also got plenty of other news to catch up on today so we'll do that and then keep an eye out for the earnings episode. Probably live tomorrow afternoon for today. We'll talk a little bit about the stock. We have quite a bit of news. Also relevant tesla from the us government an updated price target a couple of interesting tweets from ilan. We also have some news on tesla and samsung updated words from sandia monroe on twenty twenty one model threes and a couple other product. Things to look at. So i guess i had a lot to go through. We'll start off here with the stock dessel today. Hit both a new all time high and new all-time high close just barely there at the end. Finishing at eight hundred eighty dollars eighty cents up four percent at compared to the nasdaq up. Zero point six nine percent. We'll keep the extra significant digits this time but as far as all time high at did cross briefly today the nine hundred dollars per share mark which pre split what have been forty five hundred dollars per share much of the attention around tesla's stock over the weekend and for today was focused on nancy pelosi speaker of the house disclosing that she had acquired a half million to one million dollar position. In tesla call options back in december. Technically it wasn't actually nancy pelosi but rather her husband as we can see by the s p indicator for spouse under owner on the disclosure. Paperwork obviously doesn't make too much of a difference but her husband does run a venture capital slash real state slash consulting firm. So it's a little bit less unusual anyway. The trade was for twenty five contracts. Five hundred strike for march of two thousand twenty two that grants the right for the policies to by twenty five hundred shares of tesla for five hundred dollars per share up through march of twenty twenty two and they would pay some premium for that option. Tesla stock is up about thirty seven percent since they would have acquired these contracts and at the midpoint been asked today these would trade at about forty five thousand six hundred dollars per contract so a little over a one point one million dollar position today so certainly they'd be up on the trade if they do still have the position and you find it a little bit odd. That members of congress are households of members of congress can trade stock options. But i suppose that is a separate conversation anyway. The market could react to this as being this as positive in terms of possible legislation of course with the biden administration coming in that's already theme on people's minds but that theme gets more attention with news like this. Speaking of the biden administration. Reuters has reported that a memo seen by reuters on thursday showed biden will unveil a second round of executive orders as soon as january twenty seventh that include an omnibus order to combat climate change domestically and elevate the issue as a national security priority and quote so as soon as january twenty seventh ends up being the date that of course also the date of tesla's coroner's report biden today also announced that the united states intends to move in the direction of electric vehicles for the us government vehicle fleet saying quote. The federal government also owns an enormous fleet vehicles which were going to replace with clean. Electric vehicles made right here. In america by american workers and quote of course the implementation and execution of this remains to be seen. The federal government operates right around six hundred and forty five thousand vehicles and actually have quite a bit of data about this available online. There's a dashboard available. That breaks fleet down by by department looks at fuel costs. Total cost miles driven a lot of data there and of that six hundred and forty five thousand vehicle fleet about two thirds of that is trucks primarily light and medium duty across the entire fleet. It looks like this ben about two billion dollars per year on a combination of maintenance and fuel so definitely some of the for savings thereby introducing electric vehicles. What i'm having trouble figuring out is the budget for new vehicles. I'm not sure how that makes. Its way into their cost breakdowns. Here and i think we need to have a better understanding of that to understand tesla's pacific opportunity in the segment. But regardless i think we can all agree how awesome it would be to see some cyber trucks at least represented in some way in the us government fleet the total opportunity though is probably better for other automakers than it is for tesla i think tussles probably less likely to negotiate a contract with the us government and being that tesla has a premium brand image. I think it would be a more difficult sell for the us to buy a bunch of tussle vehicles versus buying something like a bunch of ford vehicles for example and also expect degree of unionization to play a role in those decisions. Are last quick thing here to wrap up on the stock. We did see a price. Target increased today from baird have increased their tussle price target from four hundred eighty dollars per share now to seven hundred twenty eight dollars per share and it looks like they have maintained outperform rating on the stock. Even though they did have that price target that was about half of the share price today and the seven hundred twenty eight dollar new price target is still you know. Fifteen percent below where we're at the revised price target was as a result of bear to boosting their earnings per share forecast for the next three years for twenty twenty one in terms of vehicle deliveries there now expecting eight hundred and fifty six thousand for twenty twenty to about one point two million and twenty three just under one point six million baird titled this note as a cue for preview and then put dot dot dot and one more thing that one more thing referred to some points that they were making on a sort of company x. holding company for tesla spacex neuralink and at the born company. Of course we've talked about this a lot so nothing really new here but it was interesting to see show up in an analyst note and they did say that quote several data points leave us believing such a structure is inevitable and quote. So it'll be interesting to see how that story line develops this year. Quick note on space x while we're talking about it. They did successfully complete their mission over the weekend and as far as starship esa nine still no test flight there but it looks like it may happen early tomorrow next to you. Let's move over to launch twitter. A couple of interesting tweets over the last few days. So the first year is on autopilot ee. Lan reply to nfs video from homer's catalogue said that quote tesla is steadily moving all networks to eight cameras around video. This won't able superhuman self-driving and quote
Tesla Daily: Tesla News & Analysis
"tesla" Discussed on Tesla Daily: Tesla News & Analysis
"Everybody rob power here and today. We're talking about a new note on tesla's stock from morgan stanley. They have increased their price targets significantly. Today after hours. We also have some news on the full. Self-driving beta report on monowai gross margins from china and some news that riven may be raising some more capital taking a look at the stock tussle. Today finished up zero point seven percent to seven hundred and thirty five dollars eleven cents that actually did trail the nasdaq which was up about one percent. But hereafter hours worth. Things have started to get more interesting. After morgan stanley released their updated tussle note. Tesla has jumped by about ten to fifteen dollars. One and a half two percent to read around seven hundred fifty dollars per share otherwise news on tesla was fairly light today. So we're gonna spend most of our time here looking at that note. And as i always say when we look at analyst notes a lot of this is just contextual and it gives us good jumping off points for discussion and things like this also gives us good perspective and insight into the kind of information. That's being circulated around the street. So right off the bat here. This morgan stanley note comes with a great headline. They title the no quote the chosen. One tesla industrializes internet of cars target two eight hundred and ten dollars and quote. That is a huge fifty percent increase over the previous price. Target of five hundred and forty dollars per share. They write quote. We update our forecasts and long-term assumptions. Following better-than-expected cue for deliveries sixty one percent year over year growth and five billion dollar capris raising twenty thirty volume to five point. Zero million units versus three point eight million and taking the price target two hundred ten dollars. Tesla is richly valued for a reason reiterate overweight and quote. Okay so what has changed. Here with morgan stanley's assumptions that has led to this fifty percent price targeted increase while they say they had better than expected volume this year. You four specifically. There's been a significant capillaries. And of course tesla was added to the s. and p. five hundred. So they beat morgan stanley's projection. They have risked and they've been added the s. and p. five hundred which has reduced the float effectively reducing the supply of tesla shares as for the actual changes to their model driving this higher price target. They say that quote the majority of the price target increase comes from the impact of our higher volume assumptions in our model and quote as i said they have increased their twenty thirty delivery forecast from three point. Eight million vehicles to five point two million vehicles and they say that they have now added to factories to their forecast for twenty thirty bringing their total tesla. Plant count to ten. I think that factory count is actually probably pretty close but that would only be you know. Five hundred eighty thousand vehicles per factory by twenty thirty. But it's become very clear. That tesla actually has ambitions of producing two million vehicles or so per factory per year. At least in the case of texas and dig your berlin shanghai. They've said one million plus so even just those factories plus fremont if can hit their production targets in those factories. Gets you to more than five. Point two million that jonas projecting here for twenty thirty as for their earlier year forecasts for twenty twenty one they have increased their projection from seven hundred seventy eight thousand previously now to seven hundred ninety two thousand and as a reminder just as recently as july they had actually been projecting just six hundred and twenty thousand four twenty twenty one so they've actually up that by about thirty percent in just the last six months for twenty twenty two the forecasting one point one five million. I'm not sure what that was previously for. Twenty twenty three. Then they are up from one point. Three five million previously now to one point seven million the fun thing about these increased volume targets from morgan stanley. Is that a few months ago. They did what they called. A great tesla rating. They started including things like mobility services as a recurring revenue from autonomy in their price target. So they're sort of having this ongoing opera moment this year. That as they now add vehicle volume into their forecast they now have to add additional services and revenue margin as well and that is where the game changes in terms of valuation for tusla. And the thing is you. Don't even need a fully autonomous robot taxi type of service to start adding that services revenue in when tesla's starts offering full self driving as a subscription. I think that is going to open a lot. Of analyst is to how tesla's business model is structured and will be increasingly structured going forward leveraging software. It's already easy to say. As i've said in the past that if you want to compare valuations show me another automaker that is selling a ten thousand dollar software option then we can make those comparisons but because that is all sort of right now lumped into the same revenue the same margin line on tussles earnings. People just aren't willing to recognize that yet as a separate line of business when tesla's starts offering full self driving a subscription even if they don't break that out on their earnings that forces a change in how analysts are forecasting and modeling tesla they have to start forecasting recurring high-margin revenue right. Now that's basically all just being pulled forward into that simple ten thousand dollar option which is great but it also makes it easier to ignore the other factor making it easier to ignore right now. Is that a big portion of that is still currently deferred revenue. So it's not actually showing up in earnings. But as tessa delivers more features this year less of that is going to be deferred tussles valuation in and of itself is playing a role here too because it has become so massive analysts have to cover this. They have to cover well. They're getting more and more resources to cover it. They're getting more and more questions as tesla's been added to the s. and p. five hundred those benchmarked funds managers. They need to know what to do with the stock so the coverage is just getting more and more intense and again because the evaluation hide they're going to be a lot of analysts running numbers sort of back testing against that valuation. Saying okay to justify this. This is what needs to happen for the company.