What I am looking at April 21, 2022
- Is Tesla (TSLA) the opposite of Netflix (NFLX)? Is the electric car maker the big Nasdaq stock that pulls up the Nasdaq? Tesla shares soared more than 7% in premarket trading after reporting record quarterly profit and beat the Streets estimates for sales and earnings. The terrible linkage of all big high-fliers can be flipped pretty easily in a thin market …Tesla has supply problems like everyone, but far fewer because of its amazing supply chain.
- Tesla CEO Elon Musk wants more lithium and wants it to cost closer to the means of production. Spot Lithium price is 10 times higher than the cost of extraction. So it's not like we are talking 90% margins here. Can more people please get into the lithium business? Do you like minting money? Well the lithium business is for you. Same day that Mexico nationalizes the lithium business. Musk doesn't disagree with the idea that he might have $500 billion at end of day but with inflation maybe that's $20 billion. Very little about the cyber truck and NOTHING about Twitter (TWTR). Dedicated Robitaxi was talked about in the call with investors. No steering wheel OR pedals ... lowest cost per mile … still has 20 million electric vehicles annually by the early 2030s. "Tesla Shanghai coming back with a vengeance."