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tesla stocks fit the whole year in with. however, when elon musk told a good story about cheap electric vehicles, and robo taxes people went nuts. in the stock shot up 12%. he did pull of berber real out of the head. musk is way to pitching these things. but, these winners feel like they are one-off to me. i don't know about you. there's no doubt in my mind if we get a sloppy treasury auction tomorrow so stocks will give up those games. i know that matters quarter were strong, but the guy was sweet. it could be an opportunity if he gets hit two. even though it's about my basis. i feel more bullish if the market were what we call oversold. but, my gauge will use is called the s&p oscillators for market edge. it's really oversold at -1.66. -5 means there's too much selling pressure. we are nowhere near that. we don't have that situation. that means. cash would be king if we were over. we can be that negative with the market. hence why cash is still rook. let's talk about matter. that's all you want to be talking about tomorrow
tesla stocks fit the whole year in with. however, when elon musk told a good story about cheap electric vehicles, and robo taxes people went nuts. in the stock shot up 12%. he did pull of berber real out of the head. musk is way to pitching these things. but, these winners feel like they are one-off to me. i don't know about you. there's no doubt in my mind if we get a sloppy treasury auction tomorrow so stocks will give up those games. i know that matters quarter were strong, but the guy was...
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., after tesla and elon musk. that's going to do it for us here at "overtime. >> “fast money” starts now. >>> live from the nasdaq market site in the heart of new york city's times square, this is "fast money. here's what's on tap tonight a meta meltdown. shares hitting levels not seen since late january, as revenue guidance comes in below expectations this is the beginning of the end for the megacap rally? >>> plus, not the only earnings report catching our eye today. from ford to chipotle to ibm, we're digging into all of tonight's results and bringing you the trades. >>> and later, believe the bounce shares of tesla putting in their best day since january of 2022 even after an earnings report that left many pretty unimpressed. is this a sign that the ev maker can get back on track, or will a different reality set in for the stock? i'm courtney reagan in this evening for melissa lee, coming to you live from studio b at the nasdaq on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami.
., after tesla and elon musk. that's going to do it for us here at "overtime. >> “fast money” starts now. >>> live from the nasdaq market site in the heart of new york city's times square, this is "fast money. here's what's on tap tonight a meta meltdown. shares hitting levels not seen since late january, as revenue guidance comes in below expectations this is the beginning of the end for the megacap rally? >>> plus, not the only earnings report catching...
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he told one tesla bowls are rallying behind, if you believe that tesla can take where they are right now and improve, look at what he told people during the conference call yesterday -- he said they need to do something in terms of volume, improving over the next couple of years. he says we have more affordable models coming. he did not tell us what the affordable models will be, are they brand-new models were simply tweaks on current models? more models that are affordable which pushed the stock higher. he talked about robo taxi optimism at 2024 deliveries, not growing as fast as they did in 2023 at 30%, they are expected to go higher. last year, they delivered 1.81 million and the estimate now is for 1.9 million. elon musk was asked, will you get 1.81? he said yes, they expect to grow deliveries in 2024. shares of tesla, keep in mind revenue was down 9% in the first quarter, that is the biggest year-over-year decline in revenue for tesla since 2012. the story is something people embraced after hours. >> thank you for setting up for us as analysts have mixed feeling about the first-
he told one tesla bowls are rallying behind, if you believe that tesla can take where they are right now and improve, look at what he told people during the conference call yesterday -- he said they need to do something in terms of volume, improving over the next couple of years. he says we have more affordable models coming. he did not tell us what the affordable models will be, are they brand-new models were simply tweaks on current models? more models that are affordable which pushed the...
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tesla shares a big focus here. back over to you >> dom, thank you very much. sit a big week for the economy, with pce on friday, the gdp tomorrow, and critical to that gdp report will be a number that isn't even part of that report, it's the productivity number that has ignited a debate about whether or not the data signal a boom or a blip and steve liesman has the latest on that. a debate with the fed and economists you've got to love to see the fur fly. >> well, there are members of each side within each group, right? you have the fed folks who are optimists and pessimists and some economists, as well the growth in productivity is the biggest part in how the economy grows, and whether we're seeing a post pandemic noise in the data, or is it a real boom here's the data for the five years before the pandemic. productivity grew at a trend like 4.4%. through the first quarter of last year, it dropped to 1.3, followed by a really worrying decline. but it's come back the past three quarters have seen an off the chart number average of 3.7% chicago fed president au
tesla shares a big focus here. back over to you >> dom, thank you very much. sit a big week for the economy, with pce on friday, the gdp tomorrow, and critical to that gdp report will be a number that isn't even part of that report, it's the productivity number that has ignited a debate about whether or not the data signal a boom or a blip and steve liesman has the latest on that. a debate with the fed and economists you've got to love to see the fur fly. >> well, there are members...
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. >> so let's talk tesla bryn, i'll start with you. we made it our chart of the day, obviously, on the back of earnings it is higher it's not like the earnings report was great it was far from it but this idea of what musk talked about about the production of affordable new evs by early '25 is what has jump started the stock today, so you'll take the leader of this company at his word, i suspect the market seems to be >> yeah, well, you and i talked about this on "closing bell" yesterday, and i said, the sentiment and the bearishness on this stock, right, not the company, on the stock, was so loud, it was deafening if i was short the stock, which clearly i'm long, i would not be short this name going into the earnings print if they do even less, the stock is going to pop. that's exactly what happened i thought it was a very good earnings call. elon was like the adult in the room to me it was quintessential elon he had good analogies about elevators and horses and flip phones, and, to me, what i wanted to hear is, i don't want to hear a
. >> so let's talk tesla bryn, i'll start with you. we made it our chart of the day, obviously, on the back of earnings it is higher it's not like the earnings report was great it was far from it but this idea of what musk talked about about the production of affordable new evs by early '25 is what has jump started the stock today, so you'll take the leader of this company at his word, i suspect the market seems to be >> yeah, well, you and i talked about this on "closing...
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tesla. they've been waiting for this, but what are they waiting for? the app is cool. you summon it. i summoned on uber last night, and there was a person in it driving it i like that. if not, i may not have liked that given the fact that i was in san francisco during a time where you didn't want driverless >> he did saying version 12 was "profound. we have uber and lyft moving on this lyft is down a percent >> i think we're in one of these in interregnum periods. everything that was bad is now good it's frontsy/backsy. remember the movie, "bananas"? everybody must wear underwear, and to ensure it, you have to wear it on the outside people probably don't know who woody allen is >> he has a movie in theaters, like, right now. >> that's the bad woody allen. >> haven't been a lot of good ones lately. >> it's almost comical how much everybody loves a free cash flow story that's horrendous. >> if i'm not mistaken, "sleeper," there were autonomous automobiles >> there were all kinds of gadgets. >>
tesla. they've been waiting for this, but what are they waiting for? the app is cool. you summon it. i summoned on uber last night, and there was a person in it driving it i like that. if not, i may not have liked that given the fact that i was in san francisco during a time where you didn't want driverless >> he did saying version 12 was "profound. we have uber and lyft moving on this lyft is down a percent >> i think we're in one of these in interregnum periods. everything...
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tesla earnings after the mark. gm did a triple beat, and they are getting through their production issues now ramping evs. whichy a think creates demand challenges for tesla, because there are so many now ev industries coming to market. so i think they are having to answer the pressure to have lower cost evs. >> right. >> same time, they're trying to move the story to the economy and the longer-term -- >> for the investors, though, today, speaking about tesla. do you have to think about it? he's made the case you have to think about it as an autonomous vehicle company long term,s to capture valuations where even tesla sits in terms of the stock price today >> yeah. a little, hey, look over here, when the core business is weak recast a different story i think a little bit of that going on for sure. because their core business is weak and straightforward about that i think, yeah. the support of a valuation you've got to believe in this recast, into autonomous. >> straight up do you believe it? >> i think there are al
tesla earnings after the mark. gm did a triple beat, and they are getting through their production issues now ramping evs. whichy a think creates demand challenges for tesla, because there are so many now ev industries coming to market. so i think they are having to answer the pressure to have lower cost evs. >> right. >> same time, they're trying to move the story to the economy and the longer-term -- >> for the investors, though, today, speaking about tesla. do you have to...
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. >>> a big boost coming thanks to tesla. shares firing on all cylinders ahead of the opening despite reporting its biggest drop in q1 revenue in more than a decade. we are going to dig into those results. >>> heading to the president's desk the senate signing off to sell the popular app, setting the stage for a big legal fight. plus this week's earnings parade meta takes the big tech baton. we're going to look at the key metrics you need to watch. boeing expected to report in just over two hours as the aerospace giant continues to face a bumpy road ahead around production issues and succession questions. it's wednesday, april 24th, 2024 and you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning welcome to "worldwide exchange." we're coming to you live from cnbc london. thanks so much for being here with us. let's get you ready for the trading addai head we check on the tech stock futures with the s&p and nasdaq. the s&p has seen its best day since february the douceting its streak to four straight days.
. >>> a big boost coming thanks to tesla. shares firing on all cylinders ahead of the opening despite reporting its biggest drop in q1 revenue in more than a decade. we are going to dig into those results. >>> heading to the president's desk the senate signing off to sell the popular app, setting the stage for a big legal fight. plus this week's earnings parade meta takes the big tech baton. we're going to look at the key metrics you need to watch. boeing expected to report in...
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the s&p coming off its best day inning two months. >>> a big boost coming thanks to tesla. shares firing on all cylinders ahead of the opening despite reporting its biggest drop in q1 revenue in more than a decade. we are going to dig into those results. >>> heading to the president's desk the senate signing off to sell the popular app, setting the stage for a big legal fight. plus
the s&p coming off its best day inning two months. >>> a big boost coming thanks to tesla. shares firing on all cylinders ahead of the opening despite reporting its biggest drop in q1 revenue in more than a decade. we are going to dig into those results. >>> heading to the president's desk the senate signing off to sell the popular app, setting the stage for a big legal fight. plus
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although, there was no brown sheep from nvidia because there's a slide in the tesla which is a massive increase in the number of chips use presumably for carts. i've been worried about services being too hot, okay? something that is obviously a problem. most of the weakness i've seen came down to manufacturing. the report says, quote, the reduction in workforce numbers was centered on services where employment decreased to the largest extent since mid-2020. this is it. get this. the report goes on to say, quote, excluding the opening wave of the covid-19 pandemic, the decline in services staffing levels in april was the most pronounced since the end of 2009. holy cow. that is the great recession. >> the house of pain. >> the house of pleasure. >> listen, the more challenging business environment prompted companies to cut payroll numbers at a rate not seen since the global financial crisis. while. really bad news for the economy. remember, we need bad news for the economy because that's what cools off inflation. that's what brings us rate cuts. let's think this through. we have a host o
although, there was no brown sheep from nvidia because there's a slide in the tesla which is a massive increase in the number of chips use presumably for carts. i've been worried about services being too hot, okay? something that is obviously a problem. most of the weakness i've seen came down to manufacturing. the report says, quote, the reduction in workforce numbers was centered on services where employment decreased to the largest extent since mid-2020. this is it. get this. the report goes...
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let's jump back in on tesla. the stock is higher than we were before, by more than 9% as this conference call continues. gene munster is with us again to dig into the details gene, tell us what you've been hearing. >> elon started the call by saying the timing, to giving more context on the timing of this next generation vehicle, still unclear if it is -- has a steering wheel or a robo-taxi, but he said expect it early in 2025, or potentially late this year i think late this year, the probability of that is slim to none, but that did cause shares to move from being up about 8% to up about 9.5%, so, the market liked that quick context, again, there was talk a few weeks ago that this whole initiative was going to be paused, and now they're talking about this being accelerated, and so, i think that has been the pivotal point on the call so far. >> all right, giving us a timeline, though maybe unbelievable you got the believers out there. thank you, gene. >> thank you. >>> moving onto pulte group. the home builder be
let's jump back in on tesla. the stock is higher than we were before, by more than 9% as this conference call continues. gene munster is with us again to dig into the details gene, tell us what you've been hearing. >> elon started the call by saying the timing, to giving more context on the timing of this next generation vehicle, still unclear if it is -- has a steering wheel or a robo-taxi, but he said expect it early in 2025, or potentially late this year i think late this year, the...
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up next, teslas moment of truth. first quarter earnings are out in ot, requisite capital has been talking and owns that stock, which is why we get her take, next. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab. my name is teresa barber. i was in the united states navy and i served overseas in the middle east and africa. early on in my career i had a commander that taught our suicide prevention training on a friday after
up next, teslas moment of truth. first quarter earnings are out in ot, requisite capital has been talking and owns that stock, which is why we get her take, next. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with...
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shorting tesla, though, that's been risky bears have lost a total $52.5 billion, shorting tesla since inipo, only two years have been profitable for short sellers this is on track to be one of them the shorts are up $9 billion this year, guys. >> how do we know how much shorts, as an agoraget, have made or lost, across these names that you mentioned i'm just wondering, how do you determine that >> so, thanks to s3 partners, great about sending us some of this data, this is mostly hedge funds, by the way. i should mention this is not a lot of retail interest they measure this based on how much is being borrowed, which they can see sort of the percentage of the float that's shorted. so, they calculate that. it sounds like they have sort of a proprietary model. i've asked that myself, tyler. they're good with coming out with some of the tyler there's a variety of different data points. the percentage of the float, so echbl though these tech names are the most widely shorted, you see certain stocks with a i hooer percentage of the float, meaning there's more short interest in those partic
shorting tesla, though, that's been risky bears have lost a total $52.5 billion, shorting tesla since inipo, only two years have been profitable for short sellers this is on track to be one of them the shorts are up $9 billion this year, guys. >> how do we know how much shorts, as an agoraget, have made or lost, across these names that you mentioned i'm just wondering, how do you determine that >> so, thanks to s3 partners, great about sending us some of this data, this is mostly...
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. >>> and tesla, the stock hitting a 52-week low yesterday. but one shareholder finding a few silver linings and a vote of confidence for elon musk what has her bullish, coming up. >>> before we get to that, let's get to dom chu for a check on the market action. >> oh a strong folio lineup to yesterday's rally, a solid 2% above the levels that we saw just on friday so a two-day bounceback for the markets overall. the dow up about 240 points, half of 1%, 38,480 the s&p 500 is at 5,066, up 56 points, north of 1% gain, and it's been a positive day even at the lows, we were up 17 points in the s&p, up roughly 61 at the highs so tilting toward the higher end of that range. the nasdaq composite, pacing the advance off 1.5%, 225 points, or 15,675, the last level for the nasdaq index three earnings movers headlines, among the many two generals out there general motors first, up 5%. the automaker comes out with better profits, better revenues and boosts its full-year revenue forecast thanks to better sales of trucks and suvs the other general we're wat
. >>> and tesla, the stock hitting a 52-week low yesterday. but one shareholder finding a few silver linings and a vote of confidence for elon musk what has her bullish, coming up. >>> before we get to that, let's get to dom chu for a check on the market action. >> oh a strong folio lineup to yesterday's rally, a solid 2% above the levels that we saw just on friday so a two-day bounceback for the markets overall. the dow up about 240 points, half of 1%, 38,480 the...
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tesla is down month to date. roku is down seven. rates are going up, it is not the greatest time in the world to own. nonprofitable and high multiple tech. >> i remember us having this conversation a few years ago, we were talking about the rate raising cycle. and the nonprofitable stock. the impact that higher rates have on these companies. the higher and longer story. we talked about this a lot this year. three cuts, now zero cuts, the material impact. not good. this is why we are seeing the price hashing. >> these long-duration stocks versus nonprofitable stocks that become profitable. look at the one-year performance of these two names, uber is up 128% . >> up 120% over the last year to date. we've been looking at this for quite some time. we saw a little bit of material pull back over the last few weeks. 16% off the 52-week high. mobility up 29%. they are hitting on all cylinders. they have struck a new culture. there is a lot of earning potential going forward. we decided to add a small position. >> it is free money. when mone
tesla is down month to date. roku is down seven. rates are going up, it is not the greatest time in the world to own. nonprofitable and high multiple tech. >> i remember us having this conversation a few years ago, we were talking about the rate raising cycle. and the nonprofitable stock. the impact that higher rates have on these companies. the higher and longer story. we talked about this a lot this year. three cuts, now zero cuts, the material impact. not good. this is why we are...
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tesla since its ipo. you can see there only two years have been profitable for short sellers. this is on track to be one of them shorts are up about $9 billion guys >> that trade finally paying off there, kate. interesting stuff. thank you. >>> speaking of the magnificent seven, tesla shares trying to avoid their longest losing shares ever ahead of earnings tonight. we'll get you ready with one analyst warning of more pain ahead. strap in we'll get you ready. we're back after this. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants t
tesla since its ipo. you can see there only two years have been profitable for short sellers. this is on track to be one of them shorts are up about $9 billion guys >> that trade finally paying off there, kate. interesting stuff. thank you. >>> speaking of the magnificent seven, tesla shares trying to avoid their longest losing shares ever ahead of earnings tonight. we'll get you ready with one analyst warning of more pain ahead. strap in we'll get you ready. we're back after...
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one is tesla now is very different from tesla ten years ago. when you think about leadership selection, when you think about the who the right leader for an organization is. what i often tell my students is leadership is not a ranking problem, it is a matching problem. you're not looking through the question of, who is the best person in the world in all circumstances. that's not how leadership works. what you're thinking is, who is the right person for the particular set of circumstances that we're in today. the very fact that elon musk was, you know, for the early years of tesla, not just the right person amongst some set, but the right person in business, doesn't mean he's the right person when the situation is tesla is facing is completely different, and in particular it doesn't mean he's the right person who should operate without restraint. i'm saying, if you are the board, you also have business judgment. it's your job to ask him, okay, what is your strategy for dealing with chinese electric cars that are going to come on to the market a
one is tesla now is very different from tesla ten years ago. when you think about leadership selection, when you think about the who the right leader for an organization is. what i often tell my students is leadership is not a ranking problem, it is a matching problem. you're not looking through the question of, who is the best person in the world in all circumstances. that's not how leadership works. what you're thinking is, who is the right person for the particular set of circumstances that...
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we will stick with tesla. investors are preparing for the earnings after the bell today as the company is facing pressure with the stock falling. the chart right there and the stock is at the lowest level since january of last year. down 50% the last two years. the stock down 40% this year. second worst performing in the s&p 500 with concerns of price cuts and product issues continue to mount. phil lebeau has more on what to watch with the results. >> reporter: when tesla reports after the bell today, the street is focused less on the specific number and more on the specispecific outlook for the robotaxi. they are expected to show a lower gross margin as well as a drop in operating profit. what is the guidance for the second quarter and the rest of the year and specifically what is the plan for rolling out the small car and robotaxi? tesla's full self-driving technology allows the driver to take the hands off the wheel, but it is a long way from autonomous driving. elon musk said tesla must change frequently a
we will stick with tesla. investors are preparing for the earnings after the bell today as the company is facing pressure with the stock falling. the chart right there and the stock is at the lowest level since january of last year. down 50% the last two years. the stock down 40% this year. second worst performing in the s&p 500 with concerns of price cuts and product issues continue to mount. phil lebeau has more on what to watch with the results. >> reporter: when tesla reports...
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Apr 23, 2024
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a lot riding on the tesla report. six names in particular tend to benefit when tesla shares go into reverse. cnbc pro subscribers can find out on cnbc.com/pro. >>> looking at apple, iphone sales fell 20% in the first quarter in china. the worse in the country since 2020. that's according to counter point research and comes despite the usual q1 lunar new year boost. the rival huawei saw sales climbing 70% in the same period. apple now ranks third in the country's market. >>> investors are eyeing tech stocks as four of the magnificent seven are due to report earnings this week with tesla as we just mentioned, kicking things off later today. >> it may be the mag six after this. >> we will see. we will see meta on wednesday and alphabet and microsoft set to release on thursday. speaking earlier to the channel, the norges bank ceo gave his view on the sector. >> if i look at what we can read from the current market, i would say there is clearly a lot of froth within the technology sector. we will get the answers later in t
a lot riding on the tesla report. six names in particular tend to benefit when tesla shares go into reverse. cnbc pro subscribers can find out on cnbc.com/pro. >>> looking at apple, iphone sales fell 20% in the first quarter in china. the worse in the country since 2020. that's according to counter point research and comes despite the usual q1 lunar new year boost. the rival huawei saw sales climbing 70% in the same period. apple now ranks third in the country's market. >>>...
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Apr 22, 2024
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those institutions don't care about tesla at all. worst case scenario, apple, you can buy apple 160 and scale. in i would do it every five points, getting bigger as you approach the 130s where i think 2 longs will make a stand based on next year's earnings estimates. not pretty. it's always good to know the parameters of a stock, a stock that you advocate owning and not trading. i like to say there is always a bull market somewhere. i promise to try too find it just for you right here on "mad money." i'm >>> right now on last call, sputtering out, something that has only happened four times in tesla's history just happened again. >>> race against time, will tiktok's fate be sealed by the senate tomorrow? we have a preview. >>> a massive high speed rail breaking ground, finally. will you get your money's worth? >>> call it salt on the table. president biden raising fresh questions on the prospect of tax hikes for everyone. >>> nailed, is a surge in rates slamming the door on one of the hottest sectors of the market? >>> and it is a mi
those institutions don't care about tesla at all. worst case scenario, apple, you can buy apple 160 and scale. in i would do it every five points, getting bigger as you approach the 130s where i think 2 longs will make a stand based on next year's earnings estimates. not pretty. it's always good to know the parameters of a stock, a stock that you advocate owning and not trading. i like to say there is always a bull market somewhere. i promise to try too find it just for you right here on...
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tesla traded $15 billion today. this is absurd. >> yeah, it does really surprise me, again, because when we look at these companies, to me, the brands sort of can stand on their own in the consumer's mind. they're soindependent. putting together the two parent companies, to me, does not lower the competition, but you know, what -- i guess i'm not the ftc. gabriel, thank you so much for joining us here last minute on this breaking news. appreciate it very much. guy, make you interested -- >> no. you've talked about this. the market is trading as if they've expected this. it's doing nothing. if you look at tapestry real quick, we're up against levels we last traded, i think, in the fall of 2021. the one that sticks out and we talked about an the show, tjx just defies -- i don't want to say logic, but it defies some of the other retailers. at 20 times earnings, probably twice the valuation of those other two companies we just talked about, you can actually still make a compelling case. they don't report until middle of
tesla traded $15 billion today. this is absurd. >> yeah, it does really surprise me, again, because when we look at these companies, to me, the brands sort of can stand on their own in the consumer's mind. they're soindependent. putting together the two parent companies, to me, does not lower the competition, but you know, what -- i guess i'm not the ftc. gabriel, thank you so much for joining us here last minute on this breaking news. appreciate it very much. guy, make you interested --...
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Apr 22, 2024
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historically tesla stock doesn't do well when it's about the fundamentals. right now people are assuming things have been so bad. the bright side is it doesn't matter for the index. it's way out of the top ten. doesn't seem to be a bellwether of that kind of risk appetite trade. that's nvidia still right now up 4% today. still very e rad ik as it bounces around these levels and seems to have put in a top. see how deep it goes. >> we'll walk you up to that tomorrow ahead of the earnings. hold onto 5,000 today in the s&p as the bell rings. >>> a bit of rebound to start the week, the s&p 500 snapping the six day losing streak as stocks gain back some of the ground. the action is just getting started. welcome to closing bell overtime, i'm morgan brennan with jon fortt. >> a big week for earnings reports are on the way from sap, cadence design systems nucor and cleveland cliffs. look ahead to tesla tomorrow which has had a brutal stretch of trading. >> we'll talk with
historically tesla stock doesn't do well when it's about the fundamentals. right now people are assuming things have been so bad. the bright side is it doesn't matter for the index. it's way out of the top ten. doesn't seem to be a bellwether of that kind of risk appetite trade. that's nvidia still right now up 4% today. still very e rad ik as it bounces around these levels and seems to have put in a top. see how deep it goes. >> we'll walk you up to that tomorrow ahead of the earnings....
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Apr 22, 2024
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check out shares of tesla. lower after chopping the sticker price of the model 3 in china along with decreases in other markets. it is down right now by more than 3%. on the other hand you've got ford that seems to benefit higher by 5% or so today. almost, yeah, we're looking at closing in on 6%. and that is your power check. >>> still ahead. >> the house passing legislation that would ban tiktok in the united states if the platform's chinese parent does not sell its stake within a year. we will discuss that one and its implications for free speech and other things next. . in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> welcome back. the ban on tiktok is bec
check out shares of tesla. lower after chopping the sticker price of the model 3 in china along with decreases in other markets. it is down right now by more than 3%. on the other hand you've got ford that seems to benefit higher by 5% or so today. almost, yeah, we're looking at closing in on 6%. and that is your power check. >>> still ahead. >> the house passing legislation that would ban tiktok in the united states if the platform's chinese parent does not sell its stake within...
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tesla down again today and it's down 40% this year and that is very close to a 52-week low and let's play it just about. apple, believe it or not, this year's not far from a 52-week low and 1% or 2% away and boeing is down more than 30% and also near a 52-week low and what i'm excited about is the ipo market and we had a bunch last week that are holding up well. rubric down here at the new york stock exchange should be trading this thursday and that's a big data security company and that's going to raise a lot of money and close to $700 million and we also had an announcement just this morning about another ipo that you all know and viking, this is the viking cruise company and they are set to start trading may 1st and that's on the ipo and this is scheduled 44 million and 21 to 25. you do the math here, tyler, that is close to a billion dollar ipo at the midpoint. we're getting several weeks in a row when we get a billion to 2 billion in ipo money raised and that's what we do prior to covid and you get 50, 60 billion. 2024, at least april really looking pretty good. >> back to you.
tesla down again today and it's down 40% this year and that is very close to a 52-week low and let's play it just about. apple, believe it or not, this year's not far from a 52-week low and 1% or 2% away and boeing is down more than 30% and also near a 52-week low and what i'm excited about is the ipo market and we had a bunch last week that are holding up well. rubric down here at the new york stock exchange should be trading this thursday and that's a big data security company and that's...
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Apr 22, 2024
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so you bought more tesla and you bought more meta. why don't you start with meta first because it's approbo to the conversation we're having here, it is the first of the mega caps to report this week. again, tesla is tomorrow but it's been skripd out of the mag seven. >> yeah. remember a couple weeks ago i announced this meta buy, we did not own it at the time and it's sitting in our bottom ten. basically we bought in around 520 as a new position, i'm increase that go significantly to now that we are he below 500, so it's right in the middle of the pack, it's not in the bottom ten of about 40 names right now. i think they could have a good report, i like what their partnership is and the directions heading with google. we have meta's ai assistant integrates realtime search results with google and bing. we are talking about innovation they're heading down the right direction. if this is a great report from meta i want to make sure it impacts my portfolio properly. >> do you feel like when you look at the mega cap correction if we are i
so you bought more tesla and you bought more meta. why don't you start with meta first because it's approbo to the conversation we're having here, it is the first of the mega caps to report this week. again, tesla is tomorrow but it's been skripd out of the mag seven. >> yeah. remember a couple weeks ago i announced this meta buy, we did not own it at the time and it's sitting in our bottom ten. basically we bought in around 520 as a new position, i'm increase that go significantly to now...
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shares of tesla continue to lose their charge. the ev make announced slashing prices of its cars ahead of earnings tomorrow. we have new details. >> the house passes legislation that could ban tiktok in the united states. the next steps from here and what's at stake for the company, and its users. >> it's a tale of two housing markets. the broader market suffering high rates, low inventory but another key area is surging. big show sllhe a"sawti aads quk on the street" continues after this break. the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo business. it's not a nine-to-five and y proposition.ness. it's all day and into the night. it's all the things that keep this world turning. the go-tos that keep us going. the places we cheer. and check in. they all choose the advanced network solutions and round the clock partnersh
shares of tesla continue to lose their charge. the ev make announced slashing prices of its cars ahead of earnings tomorrow. we have new details. >> the house passes legislation that could ban tiktok in the united states. the next steps from here and what's at stake for the company, and its users. >> it's a tale of two housing markets. the broader market suffering high rates, low inventory but another key area is surging. big show sllhe a"sawti aads quk on the street"...
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>> on tesla. >> yes. >> tesla is still the most valuable car company. if it drops another few dollars, it would put toyota. >> it has been written now. "do interest rates matter" now? >> yes. >> we will see. >> they he have been down. >> what did jamie dimon say? 8%? >> he has been spot on. he has been consistent. >> he has. that seems like it would be significant. >>> news from washington. on saturday, the house passing the series of bills to provide aid to israel, ukraine and taiwan along with the bill that would force china's bytedance's tiktok. emily wilkins has more with us. do you clock in on saturday? >> reporter: you have to be paying attention. you have to stay on top of it. it was a working weekend for congress. you are not alone. the house passed that $95 billion foreign aid bill for ukraine, israel and indopacific and attached to that had a couple of things. most importantly, it could lead to tiktok being banned in the u.s. if they don't divest from parent company bytedance. they could finalize the bill on tuesday. the house has approved the
>> on tesla. >> yes. >> tesla is still the most valuable car company. if it drops another few dollars, it would put toyota. >> it has been written now. "do interest rates matter" now? >> yes. >> we will see. >> they he have been down. >> what did jamie dimon say? 8%? >> he has been spot on. he has been consistent. >> he has. that seems like it would be significant. >>> news from washington. on saturday, the house...
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it will be a tough year for tesla. it is not getting better right now. >> it is not getting better right now. that speaks to the price target of $85 which is a 40% decline. you are sending mixed signals. they are making the cars more attractive. the issue may be margin. this is a company that a lot of people say is an a.i. play and the money is made in the robotaxi and other things down the line. >> bulls on the stock look at the a.i. and they look at robotics. the whole thing of the robotaxi, we will not get a robotaxi on 8/81, but a cyber taxi. it may have fsd in it, but not level 4.5. it will not take you to the grocery store or bring you to grandma's while you play video games in the backseat. rob robotics, boston dynamics crushes tesla. elon musk was making fun of their rowbotics last week. tesla needs to focus on selling cars. >> it is a car company, not a software company that makes cars. you say it is firmly a car company. i want to get to other headlines. laying off 10% of the work force last week and shares d
it will be a tough year for tesla. it is not getting better right now. >> it is not getting better right now. that speaks to the price target of $85 which is a 40% decline. you are sending mixed signals. they are making the cars more attractive. the issue may be margin. this is a company that a lot of people say is an a.i. play and the money is made in the robotaxi and other things down the line. >> bulls on the stock look at the a.i. and they look at robotics. the whole thing of...
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look at tesla shares. they are down 3.3% right now on news that they are cutting prices of the best selling vehicles in the u.s. and in china. keep in mind, tesla shares are down 40% year to date. the company's faced a lot of pressure with the missing deliver numbers and that price war in china. facing pressure from companies like byd in the chinese market. a lot of questions of the future of tesla. investors answering that it is a car company. shares falling sharply right now on the price cut news. falling year to date on the fact they missed deliveries and other issues when it comes to demand. tesla shares down 3.3%. >>> coming up on the show, we will talk to you much more about what's going on. the u.s. house approves billions in aid in a rare saturday session. we will have the latest from washington coming up next. norman, bad news... i never graduated from med school. what? but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the
look at tesla shares. they are down 3.3% right now on news that they are cutting prices of the best selling vehicles in the u.s. and in china. keep in mind, tesla shares are down 40% year to date. the company's faced a lot of pressure with the missing deliver numbers and that price war in china. facing pressure from companies like byd in the chinese market. a lot of questions of the future of tesla. investors answering that it is a car company. shares falling sharply right now on the price cut...
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subscription revenues, something i love, subscription revenues were so sticky, tuesday night is about tesla, we've heard nothing but negatives this quarter, everything seems weak, with the cash flow, having recalls. and can play rabbit out of the proverbial hat, i hope it is just so driving. >> i don't know a way out of the tesla jam, elon musk is smarter than i am. starting with the controversy, it's not me, as above me, boeing, how few planes can they produce, this negative, maybe they have to buy spirit air systems to control the fuselage. give us a plan of succession, i can't be business as usual, that won't cut it. we do have the investing club meeting at noon on wednesday, after judy here and join the club, the monthly meeting is worth the price of admission. working on it this weekend. after the close we hear from tech, meta-platforms and it being a quarter, a death sentence, and earnings in forecast, and a lot of levers to push, and much lower basis. please wait, and grading the stock, and tech might be oversold for the time we get there. and service now, and they will deliver, deli
subscription revenues, something i love, subscription revenues were so sticky, tuesday night is about tesla, we've heard nothing but negatives this quarter, everything seems weak, with the cash flow, having recalls. and can play rabbit out of the proverbial hat, i hope it is just so driving. >> i don't know a way out of the tesla jam, elon musk is smarter than i am. starting with the controversy, it's not me, as above me, boeing, how few planes can they produce, this negative, maybe they...
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longest losing streak since october 2022 the dough managed to eke out a gain for the day and for the week tesla meantime again lower today, now below that key $150 level. the latest move as the ev maker recalls nearly 4,000 cybertrucks, due to an accelerator peddle issue, that stock is down more than 40% this year on the upside. unh, up 14%, boosted by earnings on tuesday, kpaeb being top and bottom line, affirming strong full eps guidance. shares of wells fargo higher again today, that stock trading at its highest level in more than two years that sort of snuck up on me. for sure mike khouw, unh really turned things around. >> yeah, just been hit with so much bad news, first of all we had that anti-trust stuff and then the managed care business, that was basically -- it wasn't just united health that got hit by that, humana as well, but these were businesses that were hard hit unite united health trades in the mid-20s, it deserved to. it's a cash flow generating monster, you're looking at maybe 16 1/2 times forward you know, there was a lot of bad news priced into the stock don't even thinking
longest losing streak since october 2022 the dough managed to eke out a gain for the day and for the week tesla meantime again lower today, now below that key $150 level. the latest move as the ev maker recalls nearly 4,000 cybertrucks, due to an accelerator peddle issue, that stock is down more than 40% this year on the upside. unh, up 14%, boosted by earnings on tuesday, kpaeb being top and bottom line, affirming strong full eps guidance. shares of wells fargo higher again today, that stock...
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we've seen it without apple, without tesla. a new name shows up, they rotate around, and it happens i think one of the really interesting things today, and i'm a little disappointed the market hasn't been able to hold the early rally, bank of america had a survey that said over the last two weeks the most outflows of stocks since december 2022. we know what happened in january 2023 look at last night in the futures market, there was real capitulation taking place. we opened higher this morning. that's what i want to look for >> that was panic selling trigger on the israel/iran news. the nikkei fell 3% in about two minutes. >> that's how capitulation happens. capitulation and volume do create bottoms the day is not over yet. you look at outflows the last two weeks that probably didn't even include yesterday i think we're working through lot of negativity, the fear index is improving to get more fear in the market those are things that i would look for >> semiconductors are falling apart. that is asml >> semis kneecapped -- >> th
we've seen it without apple, without tesla. a new name shows up, they rotate around, and it happens i think one of the really interesting things today, and i'm a little disappointed the market hasn't been able to hold the early rally, bank of america had a survey that said over the last two weeks the most outflows of stocks since december 2022. we know what happened in january 2023 look at last night in the futures market, there was real capitulation taking place. we opened higher this morning....
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>> the tesla recall. >> the tesla recall. look, all it is, it's acceleration, which could cause a horrible crash >> and unlike some other -- this is as regards the accelerator. >> the pedal stays down. it's still bulletproof so, it's a ram and run car i appreciate that. boy, you know, jonas, i gave him a call he doesn't take my call. i love that. but the work he's doing now about where these stocks are, the bottom ten in the s&p, ex-financial, of course, and you're seeing gm and ford. ford should be buying back every share, for heaven's sake gm -- viatra -- it's a suboptimal company, but gm is the cheapest stock by pe mary barra is doing great. mary barra, their trucks, the accelerator comes -- when you take your foot off it, it doesn't keep going >> that's a plus >> that's positive then you got the good torque >> we are going to get tesla on tuesday. jonas did say yesterday, "situation could may well deteriorate further is the company exiting the traditional ev business? at the margin, it seems so >> yea
>> the tesla recall. >> the tesla recall. look, all it is, it's acceleration, which could cause a horrible crash >> and unlike some other -- this is as regards the accelerator. >> the pedal stays down. it's still bulletproof so, it's a ram and run car i appreciate that. boy, you know, jonas, i gave him a call he doesn't take my call. i love that. but the work he's doing now about where these stocks are, the bottom ten in the s&p, ex-financial, of course, and you're...
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hertz tried that with tesla and that failed. why would that be better for tesla? the country's not ready for self-driving cars. instead they want -- they sure don't want tesla's cyber truck i thought elon musk's fan boys would buy it but the darn thing has no what's called mojo. maybe because it needs to be advertised perhaps tesla needs to run a traditional pickup truck ad where some gravelly-voiced guy talks about ditching the ford f-150 because the cybertruck has bulletproof windows. i can't think of any other selling point. best i could do. next is apple. i've said you should own it, not trade it i'm not going away from that but if i had to buy it i'd either wait till the stock pulls back to 160 or at least wait until the company reports and then it cuts its forecast. what you need to know is stocks have not been bottoming on estimate cuts in this market, they fall and fall again can apple pull a rabbit out of a hat? sure, anyone can elon musk can too. but i don't see magic happening yet with apple its dreariness is so palpable that it weighs on us every day i
hertz tried that with tesla and that failed. why would that be better for tesla? the country's not ready for self-driving cars. instead they want -- they sure don't want tesla's cyber truck i thought elon musk's fan boys would buy it but the darn thing has no what's called mojo. maybe because it needs to be advertised perhaps tesla needs to run a traditional pickup truck ad where some gravelly-voiced guy talks about ditching the ford f-150 because the cybertruck has bulletproof windows. i can't...
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what's next. >>> welcome back tesla hitting a new 52-week low today. the move coming after a longtime bull downgrading the stock to a hold and slashing his price target to 123 from 189 that is 18% lower from today's close. emanuel rosner had a buy rate, but after they canceled plans for the cheaper model 2 earlier this month, he sees more pressure on earnings for years to come. he makes the point if the company is going to shift to robo-taxi, that's a much sort of longer-term payoff, and who is going to own the stock in the meantime will there be a transition of ownership to investors who have a longer-term time horizon and that transition will be a painful one. >> well, there's no question it does seem to be now consensus, not only that folks are -- should be downgrading their price targets, but there's no real catalyst for tesla in the next 18 months and you're looking to end 25 before you start to see reacceleration and other dynamics has anybody confirmed wherever the model 2 -- >> it looks like they are going to cancel, but elon musk called the re
what's next. >>> welcome back tesla hitting a new 52-week low today. the move coming after a longtime bull downgrading the stock to a hold and slashing his price target to 123 from 189 that is 18% lower from today's close. emanuel rosner had a buy rate, but after they canceled plans for the cheaper model 2 earlier this month, he sees more pressure on earnings for years to come. he makes the point if the company is going to shift to robo-taxi, that's a much sort of longer-term payoff,...
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still ahead, shares of tesla, slipping yet again. that's a new 52 week low, and it follows a bearish call. why analysts are seeing some risk in that name now. we will talk about it. closing bell will be right back. [ music ] what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. encore energy, america's clean energy company, now in production in south texas. energizing america with reliable and affordable uranium for nuclear energy fuel from our environmentally friendly extraction process. encore energy. >>> coming up next, netflix is the big name to watch tonight in overtime. ats ave a full breakdown of wh iat stake for the streaming giant, when we take you inside the market zone. [ music ] new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose
still ahead, shares of tesla, slipping yet again. that's a new 52 week low, and it follows a bearish call. why analysts are seeing some risk in that name now. we will talk about it. closing bell will be right back. [ music ] what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. encore energy, america's clean energy company,...
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we want to compare two completely different stocks, tesla and united health. take a look at the price action. tesla down for a fifth straight day, 14% in one week united health up 1111%, in a wek following its earnings. >> the two companies almost identical in market cap as tesla's tumble has sent its market value below $1.5 trillion to mike santoli at the new york stock exchange does this dichotomy tell us anything about the markets or is tesla just kind of in its own cubicle? >> yeah. tyler, i would say it's mostly about the fact that tesla has been in freefall but it does reflect that this is much more of a show me market than maybe it has been in the latter part of last year or early part of this year, meaning where the earnings estimates are going higher or you're getting evidence that the current estimates are supportable, the stocks can perform otherwise no earnings estimates for tesla have been going straight down for months now, so therefore, the valuation looks challenged even as the stock has gone lower. i would point out it's also pretty much cross
we want to compare two completely different stocks, tesla and united health. take a look at the price action. tesla down for a fifth straight day, 14% in one week united health up 1111%, in a wek following its earnings. >> the two companies almost identical in market cap as tesla's tumble has sent its market value below $1.5 trillion to mike santoli at the new york stock exchange does this dichotomy tell us anything about the markets or is tesla just kind of in its own cubicle? >>...
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but, look, in every quarter, one of them shocks everybody maybe it will be tesla this time i don't know but i feel just generally speaking investors are still going to run for those stocks every opportunity they get >> i really, jim, want to see your microsoft next thursday i feel, by the way, the price target gets trimmed slightly at citi, they reiterate the buy the target to 475 from 480 and they're adjusting estimates, they say, because of some slight fx headwinds this is stock that's gotten the benefit of the doubt, you know, this first mover advantage, so to speak, where they have this open a.i. investment it catapulted the trade into the lexicon, and we've talked about it probably every single day in some respects since that happened nvidia has its own place, but i feel like microsoft, i want to see what they deliver this quarter. you know what i'm saying we've given them the benefit of the doubt. let's get some more meat on the bones. >> humor me. you like to ask us questions are you skeptical or are you saying there's a hidden gem here >> not really. i noted a couple weeks ago t
but, look, in every quarter, one of them shocks everybody maybe it will be tesla this time i don't know but i feel just generally speaking investors are still going to run for those stocks every opportunity they get >> i really, jim, want to see your microsoft next thursday i feel, by the way, the price target gets trimmed slightly at citi, they reiterate the buy the target to 475 from 480 and they're adjusting estimates, they say, because of some slight fx headwinds this is stock that's...
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the thing is, it's not like tesla is shutting its doors. they're going all-in on robotaxi we do a deep dive on robotaxi in the note it's hard to put into numbers and not into our earnings model, but that optionality is very much there it would be highly differentiated and we think we should account for it in the multiple the multiple is functioning despite no earnings growth because in the end investors in tesla will say okay, i understand the core business is no longer growing, potentially shrinking, but look at how exciting this business could be. our rating indicates this is highly risky if they can deliver robotaxis it's massively exciting. how long will it take to get there? can you get there based on technology risk, regulatory and operational risk this is ifficult we're still applying an unchanged multiple but on much earnings trajectory. >> it's fascinating to see the framing change so quickly. appreciate it. hope you'll stay close emanuel from deutsch. >>> still ahead on the show, a read from the ground with the ceo of csx, one of
the thing is, it's not like tesla is shutting its doors. they're going all-in on robotaxi we do a deep dive on robotaxi in the note it's hard to put into numbers and not into our earnings model, but that optionality is very much there it would be highly differentiated and we think we should account for it in the multiple the multiple is functioning despite no earnings growth because in the end investors in tesla will say okay, i understand the core business is no longer growing, potentially...
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, which suggests that the tesla growth of tesla wasn't going to be exactly as people seemed to think. he took his assets and put it into another place, a la x, where he thought -- >> do you believe every time a ceo sells shares that that -- that that is a sign of what they think of the company in some cases, in this case, he wanted to buy something and he wanted to use the money. i actually recently talked to a ceo who -- actually very interesting, talking to a ceo, who i saw sold some shares, and i said, is this a sign about the company. and this ceo said, go look at how much money i get paid in cash, every year, and i went to look, they got paid $250,000 in cash, and they said -- said i got bills. like the ceo looked at me and said i got bills to pay. i think in this case elon musk had bills to pay >> sending a kid to college, putting a new thing on the house, getting a boat, but how many billions of dollars -- >> this is a very big -- it is a digital boat and the boat has holes in the boat and because he's got money on that too that's a different story these are not legal things we
, which suggests that the tesla growth of tesla wasn't going to be exactly as people seemed to think. he took his assets and put it into another place, a la x, where he thought -- >> do you believe every time a ceo sells shares that that -- that that is a sign of what they think of the company in some cases, in this case, he wanted to buy something and he wanted to use the money. i actually recently talked to a ceo who -- actually very interesting, talking to a ceo, who i saw sold some...
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it should be one of the eight great stocks or replace tesla. it is performing well. they have the same problem you indicated earlier about institutional investors pulling money out of the market. is it too far too fast it has tripled in two and a half years. we're short the calls on the stock to protect it. we don't want to lose that stock. we have been trying to clip a few coupons in the meantime. >> put this in perspective i was talking doto an analyst about this huge increase year over year with the subs. it is a big decline quarter to quarter. what is the benchmark with new subscriber ads the password crackdown has to slow down. >> the stock gets cracked if they meet the estimate the whisper number is more than 7 million subscribers. they need 9 or 10. they have to did better than that to keep the momentum up they better hit it out of the park >> what's next steve just highlighted mike tyson and jake paul. mike, if you are watching, let's be friends seriously, what's next for the company? they do have "bridg"bridgerton"d "squid games" coming back. what do they ne
it should be one of the eight great stocks or replace tesla. it is performing well. they have the same problem you indicated earlier about institutional investors pulling money out of the market. is it too far too fast it has tripled in two and a half years. we're short the calls on the stock to protect it. we don't want to lose that stock. we have been trying to clip a few coupons in the meantime. >> put this in perspective i was talking doto an analyst about this huge increase year over...
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tesla shareholders asked to vote on elon musk's $$56 billion pay package. in a proxy filing, the company intends to call a vote on moving the state of corporation to texas. the carmaker's meeting is scheduled for june. >>> micron shares are higher in the pre-market a report that the chip maker is set to receive $6 billion from the commerce department to fund factory projects the award which is yet to be finalized could be announced next week. take a look at chip makers on the back of the news nvidia shares up 1.5%. big rebound from the decline yesterday. intel up .30%. as we mentioned, micron shares up 2.5%. >>> still in this space, tsmc posted a 9% increase in the first quarter beating the market expectations the world's largest chip maker said it benefitted from strong demand on a.i. chips we have arjun with us now. we are keeping up with the sector and what we heard today means what for us? >> asml is providing the equipment and tools required for chip manufacturing at the moment, there is not demand as many expected for the tools. the orders are lumpy t
tesla shareholders asked to vote on elon musk's $$56 billion pay package. in a proxy filing, the company intends to call a vote on moving the state of corporation to texas. the carmaker's meeting is scheduled for june. >>> micron shares are higher in the pre-market a report that the chip maker is set to receive $6 billion from the commerce department to fund factory projects the award which is yet to be finalized could be announced next week. take a look at chip makers on the back of...
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apple, tesla, nvidia, rolling over. you just get out of dodge, but is not a good reason to just sell? no. you never sell all at once. we did something different, we sold stock almost every day of the last four weeks, something you might have done if you join the investor club. we had some evaluations that were overstretched, and we did not want to lose all positions so we did something called scaling out, so stock when higher we sold shares to raise cash. if it comes back down, we can scale back in and refigure the market might have a peek because the fed may have jumped the gun when they told us they no longer needed to raise rates. we've been skeptical. no central banker cut rates quickly when unemployment is below 4% and we start getting overheated inflation and that is why we were adamant that could not be a rate cut until we sell weaker economic numbers somewhere, anywhere. i also recognize that this is an aggravating team. i thought terrific numbers, only for the stock to get annihilated. i know this market has go
apple, tesla, nvidia, rolling over. you just get out of dodge, but is not a good reason to just sell? no. you never sell all at once. we did something different, we sold stock almost every day of the last four weeks, something you might have done if you join the investor club. we had some evaluations that were overstretched, and we did not want to lose all positions so we did something called scaling out, so stock when higher we sold shares to raise cash. if it comes back down, we can scale...
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if you look at tesla and you look -- we just had two critical people leave tesla this week. their turnover in their executive and engineering ranks is legendary, is unprecedented. i don't know where she gets that from, but look at the facts, and i know it's maybe because i just don't like elon that all these people are leaving, but that really had nothing to do with it. >> the stock is up 750%. >> exactly. i'm short now, it's all coming home to roost. >> there are periods of time over the last five years where notable people have been short and it hasn't mattered because their shorts have proven to have not worked well. >> i haven't been short. >> i understand. >> how many ev manufacturers have we had over the last ten years? >> bryn? >> i don't even know what that means. >> how many price cuts have we had with tesla models over the last five years? >> steve -- steve, wisdom is chasing you if you just stop. seriously. >> what the hell is she saying? i don't get it. >> steve, we're going to take a break. we're going to take a break. >> just admit your wrong and the stock is g
if you look at tesla and you look -- we just had two critical people leave tesla this week. their turnover in their executive and engineering ranks is legendary, is unprecedented. i don't know where she gets that from, but look at the facts, and i know it's maybe because i just don't like elon that all these people are leaving, but that really had nothing to do with it. >> the stock is up 750%. >> exactly. i'm short now, it's all coming home to roost. >> there are periods of...
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keep the focus on tesla, dom. thank you, because that company is asking its shareholders to vote yet again on elon musk's mu multibillion dollar pay package after a court voided it a number of months ago. the stock has been down 20% even since then, and you can see down some 37 plus percent for the year. here to talk about the road ahead, elevation partner's founder, early facebook and google investor roger mcnamee. i bet i know but where do you come down on putting this back to shareholders for a vote on stock obviously that was promised to him but not delivered because of this court decision overturning the will of shareholders originally who voted in favor of it back in 2018. >> my assumption is shareholders will vote for it again, but i think this is the real test of tesla as a mean stock because it has been so tightly associated with elon musk. musk's brand has taken huge hits over the past year, and it's 50 plus billion dollars which in the context of shareholders is a real number and -- but i do assume they
keep the focus on tesla, dom. thank you, because that company is asking its shareholders to vote yet again on elon musk's mu multibillion dollar pay package after a court voided it a number of months ago. the stock has been down 20% even since then, and you can see down some 37 plus percent for the year. here to talk about the road ahead, elevation partner's founder, early facebook and google investor roger mcnamee. i bet i know but where do you come down on putting this back to shareholders...
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we've got breaking news on tesla. investors are being asked to revote on elon musk's pay and overturned by a judge in delaware, the board effectively saying he hasn't been paid since 2018. remember, these were options that had been granted to him. they had not come to him. but it's a very interesting situation. it was the richest pay package in history. at the time i remember sitting with joe and becky in davos when the news broke. nobody thought he would be paid this amount of money because there were required thresholds around the market cap and sales that would get the company over $650 billion in market cap at the time. people called it laughable and crazy. >> right. >> and yet the judge effectively overturned that pay package saying the board was not independent and was too close, effectively, to elon musk, and did not negotiate she believed they should. this vote or revote effectively would make that case and the judge's decision moot if, in fact, they were to vote in favor of it. the company's continuing to app
we've got breaking news on tesla. investors are being asked to revote on elon musk's pay and overturned by a judge in delaware, the board effectively saying he hasn't been paid since 2018. remember, these were options that had been granted to him. they had not come to him. but it's a very interesting situation. it was the richest pay package in history. at the time i remember sitting with joe and becky in davos when the news broke. nobody thought he would be paid this amount of money because...
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. >>> barclays is cutting tesla's price target. it is will say facing deeply challenged near fundamentals with expectations for a q1 muss on soft margins. >> turning our attention to artificial intelligence, a number of states are increasingly looking to tap into its potential, especially when it comes to going after wealthy tax evaders. our robert frank joins us with more on how they plan to do that. good morning. >> tax day may be over but audits for high earnings is growing fast. states like new york and california have been sending hundreds of thousands of audit letters to top earnings. there were 771 aud itses in 202 2. that is up 56% from the previous year. accountants and tax lawyers say audits have increased dramatically in the past six months. states had to cut their budget staff for reasons but they're doing more audits through ai. they're looking for patterns with high earnings who may be underpaying or even underreporting income. the big focus is high earnings who move to other states during covid. tax authorities are c
. >>> barclays is cutting tesla's price target. it is will say facing deeply challenged near fundamentals with expectations for a q1 muss on soft margins. >> turning our attention to artificial intelligence, a number of states are increasingly looking to tap into its potential, especially when it comes to going after wealthy tax evaders. our robert frank joins us with more on how they plan to do that. good morning. >> tax day may be over but audits for high earnings is...
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if you are trying to save up for retirement, a stock like tesla might not be the most appropriate place to put your capital. if you have a decent nest egg set aside for retirement on the other side, high-risk growth stocks start to look more attractive. in short, before you can start making judgments about individual stocks you need to figure out what your own internal is going to look like. that is the foundation of good investing, judgment, knowing what you need so you can find stocks that suit those needs. it is called suitability and it is important. it may be one of the most pertinent parts of investing. in case that does not get through to you, it's take a look and see if you want to fly across the pacific ocean. if you want to pick up your kids from school, texting down main street in a 747 would be impactful, wouldn't it? in that situation you are better off with that fiesta. how about if you are renovating our home, do you need to go to home depot for a metric ton of lumber and tiles and paint and maybe power tools to get the job done? the ford fiesta is probably too small and
if you are trying to save up for retirement, a stock like tesla might not be the most appropriate place to put your capital. if you have a decent nest egg set aside for retirement on the other side, high-risk growth stocks start to look more attractive. in short, before you can start making judgments about individual stocks you need to figure out what your own internal is going to look like. that is the foundation of good investing, judgment, knowing what you need so you can find stocks that...
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flow margins, great balance sheets and they are still growing crops quite strongly so if you exclude tesla, which we think is overpriced for what the current business is, the ultiple on the other six went from 23 to 25 times so the premium to the market actually shrink from 50% premium to a 25% premium. i think it's really hard to argue that those names are significantly overpriced in aggregate. >> samantha, i appreciated as always. see you soon. >>> bank of america slipping post earnings, stock about 3%. we hear from the chairman and ceo. his first take on the quarter and what's next for the bank right after this. when you need to prepare for unpredictable adventures... (gasp) you need weathertech. [hot dog splat.] laser measured floorliners front and rear. [drink slurp and splat.] (scream) seat protector to save the seats. [honk!] they're all yours! we're here! hey, i knew you were comin'... so i weatherteched the car! can we get ice cream? we can now. kid proof your vehicle with american made products at weathertech.com. you know what's brilliant? boring. think about it. boring is the u
flow margins, great balance sheets and they are still growing crops quite strongly so if you exclude tesla, which we think is overpriced for what the current business is, the ultiple on the other six went from 23 to 25 times so the premium to the market actually shrink from 50% premium to a 25% premium. i think it's really hard to argue that those names are significantly overpriced in aggregate. >> samantha, i appreciated as always. see you soon. >>> bank of america slipping post...
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and i'll single out tesla as maybe the obvious, a stock that led the market this year -- last year, rather and is at the bottom of the s&p 500 this year. i think it's really nothing more than a response to a very sharp rally from about october of last year, which is about when people began to conclude that maybe the fed really was done raising interest rates and that the next move, when ever it was to come, would be doin. we're still very constructive on markets for this year for all of the backdrop and the underpinnings that we've discussed. >> scott, thank you so much for being with us. we appreciate your insights today. scott clemens. >>> coming up, markets appear not just to be shrugging off jerome powell's comments but also the rising tension the middle east, too. insurers, though, still see real risk for the global economy. we drill down on those threats when "power lunch" returns. trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysi
and i'll single out tesla as maybe the obvious, a stock that led the market this year -- last year, rather and is at the bottom of the s&p 500 this year. i think it's really nothing more than a response to a very sharp rally from about october of last year, which is about when people began to conclude that maybe the fed really was done raising interest rates and that the next move, when ever it was to come, would be doin. we're still very constructive on markets for this year for all of the...