investors are jumping ship and abandoning Tesla but this breakthrough news could have them all crawling back as Tesla sets itself up for a bull run this coming winter we'll be breaking down the news in today's video so stay tuned welcome to trade daily where we break down all the best stock market news like And subscribe to keep up to date with the stock market and I really hope you enjoy this video the rally and fast growing technology stocks continued Friday after economic news released yesterday charged up


stocks in sectors like electric vehicles but Evie leader Tesla was underperforming startups like Lucid group and Marine Automotive while lucid and riggin shares jumped nearly nine percent and over 5 percent respectively Tesla stock didn't Spike Tesla's shares were up just 2.5 percent while lucid and riggian stocks were higher by 6.2 percent and 4.5 percent respectively lucid and rivien both reported third quarter earnings Updates this week and it was a mixed bag both continue to lose vast amounts of


money which was expected the response to iridium's report was more positive because his pre-order backlog continues to grow and the company is quickly ramping up production volumes Lucid reported a decline in reservations but said it still expects to hit its conservative production Target for 2022. both companies had a large amount of cash on hand rivian expects its cash balance to carry it just through 2025 and Lucid only into the fourth quarter of next year so it's an interesting Dynamic that


Tesla which has generated more than six billion dollars in free cash flow in just the first nine months of 2022 has been underperforming these startups as it just been today over the past month Tesla Shares are down nearly 14 percent while both lucid and rivian have had positive Returns the difference seems to be the distraction of Tesla's CEO Elon Musk taking over Twitter that led to musk selling nearly 4 billion dollars of his Tesla Holdings over four base span this week reports today say that he let


Twitter employees know he sold Tesla's shares to generate cash to save Twitter Tesla investors seem to be wondering just how much time and Money Twitter might cost Musk after his most recent share sales it's reasonable to wonder if there will be more coming if Twitter needs more cash injections it also follows that a struggling business will take more of musk's time and attention economic news yesterday also energized investors in early stage growth companies like lucid and rivien with the


Consumer Price Index showing that inflation slowed last month investors translate that into a Slowdown in the federal reserve's interest rate hike plans that means future Capital needs could be less expensive as mentioned both lucid and rivian will likely need to raise further capital the takeaway for investors is that there could be an opportunity to build in Tesla if it's highly profitable business continues to grow at the 50 rate that it has been achieving and Tesla's share price drops for reasons unrelated to the


business long-term investors should want to take advantage especially with the news about the Cyber truck production taking a huge step forward you see we've done some research and found that Tesla is starting to hire workers specifically for cyber truck production at gigafactory Texas according to job listings seen by trade daily when Tesla unveiled the Cyber truck back in 2019 Tesla said that the electric pickup truck would make it to Market by the end of 2021 as the deadline was approaching


the automaker confirmed that production slipped to 2022 CEOs Elon Musk later said that Tesla was targeting a start of production for the electric pickup truck in late 2022 at gigafactory Texas with the focus clearly on bringing the model wider production at the factory and that being delayed as well it appeared likely that the Cyber truck production timeline could also slip in March 2022 was confirmed that Tesla aims to complete cyber truck development this year for production in 2023 and in June musk said that Tesla is


aiming for production to start in mid-2023 in its Communications Tesla has stuck to a mid-2023 timeline over the last few months and it is starting to become more real Than Just Words with actual production equipment specific to cybertruck coming together Factory Texas now Trey daily has even spotted the first job listings specific to cyber truck production confirming that Tesla is starting to hire for the electric pickup truck program in Texas Tesla currently has six job listings related to cyber truck


production at gigafactory Texas one is for someone to lead cyber truck production and the automaker just added five new listings for cyber truck BIW and just before we continue we're giving away a 50 Amazon gift card every single day you just need to subscribe to the channel like this video and get the Bell on also comment at love trade daily to lock in your entry winners will be contacted privately good luck now let's not waste another second and get right back into the video BIW stands for body and white which is


the step in the production process where the vehicle's body is put together this is expected to be a challenge for Tesla when it comes to the Cyber truck since it has been designed with an exoskeleton stainless steel body which is unlike the general method with a body frame of panels the company has ordered the world's biggest casting machine in order to be able to build the electric pickup truck's body and since it's a technology used on a new scale Tesla is expected to have some Kinks to iron out before


moving to mass production Tesla wrote in the job description for dimensional engineer on the Cyber truck b i w team the dimensional engineer will work with production teams and report to the dimensional engineering manager for BIW cyber truck working closely with sustaining engineering to understand help Define and ensure lines are following body accuracy fit Gap and craftsmanship specs from these key indicators Drive actions back to Body Lines Tesla is also still looking for a manufacturing operations leader for the


Cyber truck program the automaker wrote in the job description we're looking for a highly motivated leader to build world-class teams and Lead cyber truck operations at gigafactory Texas you will be responsible for meeting the production forecast and ensuring company goals are achieved the ideal candidate will have a track record of significant achievements tremendous drive and a willingness to roll up their sleeves as we reported last week Tesla is also still looking to hire an overall leader


at gigafactory Texas to oversee all manufacturing programs of the planet more commonly referred to as a plant director the plant director will definitely have a lot on his hands as Tesla opens its EV connector designed to other automakers Elon musk's Tesla has started to allow other automakers to use its EV connector design the Tesla charging connector which combines a c charging and up to one megawatt of DC in a slim package is the most well-known connector in North America the company sit in a blog post


is half the size twice as powerful and has no moving Parts compared to combined charging system connectors we invite charging Network operators and vehicle manufacturers to put the Tesla charging connector and charge port now called the North American charging standard on their equipment and vehicles the EV maker said Tesla's supercharging network has 60 percent more nscs posts than all the CCS equipped networks combined it added nacs is the common charging standard in the US Tesla owners can expect charging


at other networks without adapters as Network operators already have plans in place to implement nscs at their Chargers we look forward to Future electric vehicles incorporating the nacs design and charging a Tesla's North American supercharging and destination charging networks Tesla said we are actively working with relevant standards bodies to codify Tesla's charging connector as a public standard this is great news for Tesla investors as the company becoming a public standard only cements its place in the EV market and


grows the stock value and being the standard would also mean buying parts and doing business with Tesla becomes more and more attracted to other brands in the industry I can only see all of this news as a positive for Tesla but this view isn't shared by most investors there have been reports that a huge Tesla Bull and long time holder has jumped ship and completely abandoned his views on Tesla based on its recent stock performance and elon's Twitter acquisition we break down everything you


need to know in this video right here and with with that we've come to the end of the video I'd like to give a huge shout out to anyone who's made it this far I hope you enjoyed the video I'd also like to make it clear that this is a news and entertainment video not investment advice you should always do your own research and speak to a financial advisor before making any Investments thank you all so much for your support don't forget to like And subscribe for the chance to win up to


twenty thousand dollars in Amazon gift cards and we'll see you in the next video if you want more crazy trade news how about this video we did