TESLA ANNOUNCES 3-1 STOCK SPLIT PLUS MORE 4680 INFO

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The video discusses Tesla's announcement of a 3-for-1 stock split, contingent on shareholder approval, aimed at increasing stock accessibility for retail investors and providing flexibility for employees. The presenter expresses satisfaction with this ratio, noting it allows for future splits, unlike a potentially higher split that might have targeted Dow Jones index eligibility. The report also touches upon the higher-than-expected CPI numbers, suggesting a potential 75 basis point interest rate hike by the Fed. Additionally, details emerge regarding the 4680 battery pack in the Texas-made Model Y, estimated at 69.1 kWh, contributing to a weight reduction of approximately 143 pounds compared to the Long Range version. This weight saving is attributed to both reduced battery capacity and structural improvements like the front casting and structural pack. Finally, the video mentions the opening of Model Y design studios in new countries and an update on FSD Beta 10.13, with Elon Musk indicating a two-week release and a focus on roundabouts.