The audio discussion covers several topics related to Tesla, its stock performance, and its various manufacturing facilities.
Tesla's stock is down 4.2 percent, closing at 244.88. This is part of a significant underperformance for the NASDAQ, which was down 3.6 percent for the week. Despite this, Tesla has been relatively stable during this period, with an underperformance of about 3.3 percent over the last month compared to a 3.7 percent drop for the NASDAQ.
At Giga Texas, Tesla now employs 20,000 people, making it the second-largest private employer in the region. It's expected to grow to 60,000 employees as production ramp up continues. Tesla is also conducting line upgrades to increase the output of Model Y at Giga Texas.
Elon Musk has provided updates on the Cybertruck. He drove the performance Cybertruck and was impressed with its performance. He referred to it as the performance vehicle, suggesting it might occupy a price band between the Model 3 and the S and X.
Giga Berlin's economic impact has been significant, with the Brandenburg economy increasing by six percent in the first six months of the year, largely due to Tesla's ramp-up of production and the supply chain of battery materials industry.
In Giga Mexico, Tesla has been granted an environmental impact permit at the state level. The federal approval is still pending.
The United Auto Workers (UAW) has expanded their strike, affecting 18,000 workers. The UAW has been aggressive in their negotiating tactics and their comments on the automakers.
The discussion also mentions the opening of new V2 superchargers in the UK, the posting of a video on Tesla's audio engineering for vehicles, and the looming end of the third quarter and the start of the fourth quarter.
1. The discussion is about new comments from Elon Musk on the Cyber truck, updates on Giga Texas and Giga Mexico, and the performance of Tesla's stock.
2. Tesla's stock is down 4.2 percent, closing at 244.88.
3. The NASDAQ is down about a tenth of a percent for the day, but this was the worst week for the NASDAQ since March.
4. The NASDAQ was down 3.6 percent for the week.
5. Tesla has been holding up well during this period of market underperformance.
6. Tesla has been performing about 3.3 percent better than the NASDAQ, which has been down about 3.7 percent.
7. Giga Texas has an update from the Austin Business Journal.
8. Tesla now employs 20,000 people at Giga Texas, making it the second-largest private employer in the region.
9. Tesla is expected to triple its employee count at Giga Texas, reaching up to 60,000.
10. Elon Musk has commented on the performance of the Cyber truck.
11. Tesla has been doing line upgrades at Giga Texas to increase the output of Model Y.
12. Elon Musk referred to the Cyber truck as the performance vehicle, suggesting it might fall in the price range between the Model 3 and S and X.
13. The initial target price for the Cyber truck was around $40,000, but due to inflation, the final price has yet to be announced.
14. Giga Berlin's economy increased by six percent after adjusting for inflation in the first six months of the year.
15. Tesla's production ramp-up at Giga Berlin has significantly contributed to this economic growth.
16. Tesla has been granted an environmental impact permit by Nuevo Leon at the state level for Giga Mexico.
17. Tesla posted a video detailing the audio engineering for its vehicles.
18. The UAW has expanded their strike to 38 distribution centers, adding about 5,600 workers to the strikes.
19. The total striking worker count is now about 18,000.
20. The UAW plans to continue with their current strategy.