0
0.0
Apr 24, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
abigail: tesla, rallying in a massive way. up 10%. it has to do with not just of the quarter was really negative, as you mentioned. take a look at the chart. since last july it has been a trip -- downtrend. up 40% on the year. investors expecting the worst. from earnings they expected sales of 29 billion dollars, with adjusted profits it was down 53% on a year-over-year basis. speaking of, at this point the stock is about flat year-over-year, down 1.5 percent. earlier it had literally been flat as investors, cheered by what elon musk had said around the cheaper ev being likely, even by the end of this year. you mentioned a cash flow problem. take a look at that, down $2.5 billion, they burn through that in that quarter after so many quarters of positive cash flow. so, that is the big concern but that narrative around a cheaper ev being out sooner rather than later is helping out. meta over the last year, up 120 9% relative to earnings. investors looking at four dollars $.44 per share with 64% growth on the top line. 26% growth. a high
abigail: tesla, rallying in a massive way. up 10%. it has to do with not just of the quarter was really negative, as you mentioned. take a look at the chart. since last july it has been a trip -- downtrend. up 40% on the year. investors expecting the worst. from earnings they expected sales of 29 billion dollars, with adjusted profits it was down 53% on a year-over-year basis. speaking of, at this point the stock is about flat year-over-year, down 1.5 percent. earlier it had literally been flat...
0
0.0
Apr 24, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
tesla reported last night. nothing quarter was great but it the outlook in terms of cheaper ev's being closer to the future. investors love the possibility of growth. microsoft and alphabet are coming up this week. meta tonight. that stock up 133% in the last year. katie: abigail doolittle, thank you so much. stay tuned. natural gas could hold the answer to the issue of access in the energy transition. that is next. this is bloomberg. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. abigail: this is bloomberg markets. coming up, john lawler joins bloomberg tv at 4:00 p.m. new york time. this is bloomberg. ♪ katie: time for the daily wall street we conversation. energy has been among the more affected spaces as tensions have notched higher in the middle east and ukraine. in an interview with david westin, new fortress energy ceo wes e
tesla reported last night. nothing quarter was great but it the outlook in terms of cheaper ev's being closer to the future. investors love the possibility of growth. microsoft and alphabet are coming up this week. meta tonight. that stock up 133% in the last year. katie: abigail doolittle, thank you so much. stay tuned. natural gas could hold the answer to the issue of access in the energy transition. that is next. this is bloomberg. ♪ how am i going to find a doctor when i'm hallucinating?...
0
0.0
Apr 24, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
is the stage set for another battle between the tesla short-sellers and the tesla true believers? >> yeah. the true believers being the retail investors who believe in elon musk, believe in that story , particularly the robotaxi. therefore for someone like a tesla shareholder, it's been a beating as of late. as long as elon musk is focused on eking out those cost cuts, particularly with the job shedding last week, it is trying to pull itself forward onto products it thinks is going to help drive the stock forward. put it in a place where it can actually see the grounds that it doesn't have as much competition in. paul: danny lee in beijing. let's take a look at how we are shaping up in terms of u.s. futures. very much reflective of what we are seeing in asia right now. positive territory. s&p better by a third of 1%. the market will be looking to see if that big after-hours jump in tesla translates to a big jump at the u.s. open the next day as well. let's take a look at currency markets as well. softness going on in the moment. the dollar spot index pulling back attack. we are cl
is the stage set for another battle between the tesla short-sellers and the tesla true believers? >> yeah. the true believers being the retail investors who believe in elon musk, believe in that story , particularly the robotaxi. therefore for someone like a tesla shareholder, it's been a beating as of late. as long as elon musk is focused on eking out those cost cuts, particularly with the job shedding last week, it is trying to pull itself forward onto products it thinks is going to...
0
0.0
Apr 23, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
we will be watching tesla after the bell. we have the s&p 500 up more than 1% and the nasdaq 100 0.4% in the two-year yields are getting a nice drop lower in yield. we will keep an eye on the bond market as well. that does it for bloomberg markets. this is bloomberg. ♪ (♪♪) at enterprise mobility, we never stop looking for new mobility solutions. because sometimes the best road forward, is the one you didn't expect. (♪♪) i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with xfinity. >> from the world of politics to the world of business. this is balance of power. ♪ >> live from washington dc. lisa: joe:
we will be watching tesla after the bell. we have the s&p 500 up more than 1% and the nasdaq 100 0.4% in the two-year yields are getting a nice drop lower in yield. we will keep an eye on the bond market as well. that does it for bloomberg markets. this is bloomberg. ♪ (♪♪) at enterprise mobility, we never stop looking for new mobility solutions. because sometimes the best road forward, is the one you didn't expect. (♪♪) i don't want you to move. i'm gonna miss you so much. you...
0
0.0
Apr 23, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
coming up on this program, tough times for tesla. we will explore what investors will be watching after the ev maker reports after the bell. this is bloomberg. ♪ katie: tesla investors on edge ahead of this afternoon's earnings call because shares of the ev giant have plummeted over 40% this year and are in the midst of the longest drought since late 2022. joining us for more is ed ludlow. let's start with what is expected to be the first revenue decline in four years. ed: katie: what would that mean? the idea of a $25,000 ev assessable is at the heart of global wall street around tesla. the retail investor cares about ai, robotaxi autonomy but we don't have clarity. elon musk needs to spell out, is the robotaxi the single priority now or is there still a version of the $25,000 ev that exists. we try to explain over the weekend what is happening. it is a technology initiative we believe late 2025 you will see a cheaper ev but versions of existing models, not standalone new models. katie: ed ludlow, you have a busy day ahead of you.
coming up on this program, tough times for tesla. we will explore what investors will be watching after the ev maker reports after the bell. this is bloomberg. ♪ katie: tesla investors on edge ahead of this afternoon's earnings call because shares of the ev giant have plummeted over 40% this year and are in the midst of the longest drought since late 2022. joining us for more is ed ludlow. let's start with what is expected to be the first revenue decline in four years. ed: katie: what would...
0
0.0
Apr 23, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
tesla is stable. haslinda: peter in sydney, and you so much. we talked about cut in prices in china. a check on how stocks are doing in asia. head of tesla's earnings. check where we are. byd is down he in the opposite direction. as we count down to tesla's earnings, this is one company that cut prices not just in china, but other markets like u.s. and germany after disappointing sales. one more look at the chinese bubble tea maker chow by dow plunging 40% in its trading debut, underscoring the challenge the financial hub is facing. we have of companies, 10 companies have made ipo's to risk $300 million. chow by dow down 35% on its debut. that is it from bloomberg markets: asia. this is bloomberg. ♪ ahhh ahhh ahhh her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the
tesla is stable. haslinda: peter in sydney, and you so much. we talked about cut in prices in china. a check on how stocks are doing in asia. head of tesla's earnings. check where we are. byd is down he in the opposite direction. as we count down to tesla's earnings, this is one company that cut prices not just in china, but other markets like u.s. and germany after disappointing sales. one more look at the chinese bubble tea maker chow by dow plunging 40% in its trading debut, underscoring the...
0
0.0
Apr 22, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
ed: it's specific to tesla and elon musk. we got white a lot of pushback on the big tech about the use of the word chaos. it is chaos internally. these were deep layoffs that were staggered over seven days. people believe they were safe and then found out last night they are not. investors at the heart of their thesis, a single cheap ev was everything but that's not happening anymore. for others, they price the stock-based on only robotaxi away from legacy wall street. those are considerations the other automakers don't have to think about. they are just trying to convert from combustion engine to ev on the one wildcard as elon musk himself. my understanding is that he will come back to paying attention to tesla and look at what's happened in the first three months of the year and said no, we are doing a different way, my way. sonali: we thank you so much for your time, don't miss his story on bloomberg.com and the terminal. tesla one of the worst performers on the s&p 500 this year so far. coming up next, we will talk about
ed: it's specific to tesla and elon musk. we got white a lot of pushback on the big tech about the use of the word chaos. it is chaos internally. these were deep layoffs that were staggered over seven days. people believe they were safe and then found out last night they are not. investors at the heart of their thesis, a single cheap ev was everything but that's not happening anymore. for others, they price the stock-based on only robotaxi away from legacy wall street. those are considerations...
0
0.0
Apr 22, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
tesla reports tomorrow. shares down about 4.6% at the moment, adding to what has been a rocky here for tesla. you also have on semi hitting lows. currently, shares off by about 2%. as we have been mentioning all show, it is a consequential week for corporate america with nearly $17 trillion in s&p market cap reporting this week ahead of what will be a very big week. the s&p 500 is still green but just so. we had been about .5% higher earlier in the session. you can see gains slipping a little bit. that follows three straight weeks of losses. we have not seen that since september of 2023. take a look at the nasdaq 100. i'm going to call it unchanged. sentiment clearly souring as trading gets underway on this monday ahead of tesla's earnings tomorrow. other tech giants take the stage including the likes of meta. "bloomberg technology" is coming up next. that does it for "bloomberg markets." i am katie greifeld and this is bloomberg. ♪ announcer: from the heart of where money, and innovation collide in silico
tesla reports tomorrow. shares down about 4.6% at the moment, adding to what has been a rocky here for tesla. you also have on semi hitting lows. currently, shares off by about 2%. as we have been mentioning all show, it is a consequential week for corporate america with nearly $17 trillion in s&p market cap reporting this week ahead of what will be a very big week. the s&p 500 is still green but just so. we had been about .5% higher earlier in the session. you can see gains slipping a...
0
0.0
Apr 22, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
it used to be tesla but it has switched to nvidia. turnover is dominated by what retail pundits are doing. the investor crowd should be wary because they are seeing what happens when the regional crowd turns against the stock. the relative news coming from tesla is not great but the regional crowd has turned its back on it. nvidia needs to fulfill a lot promise for the whole sector. otherwise, if retail investors turned against it, could be bad for the broader markets. haslinda: earnings are one issue and the other is the yields, whether it gets to 5%. the fed -- how will it play out with more key economic u.s. data, pce, case in point. mark: our bloomberg economists expect the numbers to take up slightly which will be a problem for the fed. look at december. they were putting a lot of weight on the fact that the pce number was going to come in below 2% and give them the reason for starting on lowering interest rates. that is not happening. some disappointing cpi reports. if they get another one into the mix, people will have to think
it used to be tesla but it has switched to nvidia. turnover is dominated by what retail pundits are doing. the investor crowd should be wary because they are seeing what happens when the regional crowd turns against the stock. the relative news coming from tesla is not great but the regional crowd has turned its back on it. nvidia needs to fulfill a lot promise for the whole sector. otherwise, if retail investors turned against it, could be bad for the broader markets. haslinda: earnings are...
0
0.0
Apr 19, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
tesla's terrible week is getting worse. the view makers pausing cyber truck deliveries and recalling nearly 4000 cyber trucks because of a problem where the accelerator pedal can get stuck in because the vehicle to unintentionally speed up. tesla says it will look to rework the accelerator pedal on all existing cyber trucks. next up, the french makeup brand that owns maybelline is a -- is reporting better-than-expected first-quarter sales. earlier this year, l'oreal saw spending by chinese consumers that had pulled back in contractionary -- on discretion responding. amex is crushing it. it expects full-year revenue to grow 11% as it revamps its cards with delta airlines which is their largest co-brand partner. you can follow the latest company buzz ontrem go on your bloomberg terminal. big tech continues to downside workspace. we had the jones lang ceo market advisor and joins us next. this is bloomberg. ♪ wealth-changing question -- are you keeping as much of your investment gains as possible? high taxes can erode return
tesla's terrible week is getting worse. the view makers pausing cyber truck deliveries and recalling nearly 4000 cyber trucks because of a problem where the accelerator pedal can get stuck in because the vehicle to unintentionally speed up. tesla says it will look to rework the accelerator pedal on all existing cyber trucks. next up, the french makeup brand that owns maybelline is a -- is reporting better-than-expected first-quarter sales. earlier this year, l'oreal saw spending by chinese...
0
0.0
Apr 18, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
tesla a lot of pain it once again down 2.7%. the worst day in more than a year and they beat on the surface top and bottom line adjusted earnings when 5% better. 63% of their business uncertainty for china, waiting on the outlook plus they may need to renovate and that will wait on -- way on profits. now in a bear market over the last year. katie: coming up, inflation trending in the right direction in europe but the geopolitical tensions could threaten the economic progress. paschal donohoe joins us next. this is bloomberg. ♪ to start a business, you need an idea. it's a pillow with a speaker in it! that's right craig. a team that's highly competent. i'm just here for the internets. at&t it's super-fast. reliable. you locked us out?! arrggghh! ahhhh! solution-oriented. [jenna screams] and most importantly... is the internet out? don't worry, we have at&t internet back-up. the next level network. i sold a pillow! ♪ ♪ ♪ ♪ ♪ ♪ give into the rhythm of the islands and delight in a caribbean state of mind. visit sandals
tesla a lot of pain it once again down 2.7%. the worst day in more than a year and they beat on the surface top and bottom line adjusted earnings when 5% better. 63% of their business uncertainty for china, waiting on the outlook plus they may need to renovate and that will wait on -- way on profits. now in a bear market over the last year. katie: coming up, inflation trending in the right direction in europe but the geopolitical tensions could threaten the economic progress. paschal donohoe...
0
0.0
Apr 17, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
you look at tesla shares they are down 40% year-to-date. i know the meeting is not until june or so. but if i, tesla shareholder will i vote yes to this pay package? >> i do think the stock reaction is interesting. we were higher in premarket we are down 2% so you've had significant declines over three days parade you are down for a fourth straight day, longest streak of declines since the beginning of the year. the reason i point that out is if you're confronted with this information from the proxy and the only thing that's come out of the proxy is to vote on the original pay package that the delaware chancery shot down, it's not approving a catalyst to the upside and what tesla's chair rights in the proxy is that the courts second-guessed investors decision to authorize the pay package in the first place so there's a legality question here which is how mechanically can tesla put the same package before the shareholder base if the courts have shot it down. it's an interesting dynamic. >> fascinating to see how this shapes out and what the
you look at tesla shares they are down 40% year-to-date. i know the meeting is not until june or so. but if i, tesla shareholder will i vote yes to this pay package? >> i do think the stock reaction is interesting. we were higher in premarket we are down 2% so you've had significant declines over three days parade you are down for a fourth straight day, longest streak of declines since the beginning of the year. the reason i point that out is if you're confronted with this information...
0
0.0
Apr 17, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
his visit may help pave the way for starlink and tesla to break into the indian market. our colleague spoke with the cofounder about his expected meeting with the spacex chief. >> you are meeting elon musk this month when he comes to india. suppose he said, i want to invest in your company. what would you say? >> we would be happy to have a person like that to invest in us. >> with that amount to an emotional takeover? >> no. i don't think so. he's an entrepreneur for sure. he has his big space company to launch already. i feel like he would encourage us but if he invested, that would be very good. >> is it too much to ask to collaborate with us or invite me to your facility at space x? >> we will introduce what we are doing. say -- >> you are playing the modest game now. you are the largest entrepreneurs in your sector, a sector that you've dreamed of being in since you were young kid. what would you say to him? >> we are inspired by you to build this. he's a big proponent. he knows how difficult it is to get going. i'm sure we will have his appreciation for getting whe
his visit may help pave the way for starlink and tesla to break into the indian market. our colleague spoke with the cofounder about his expected meeting with the spacex chief. >> you are meeting elon musk this month when he comes to india. suppose he said, i want to invest in your company. what would you say? >> we would be happy to have a person like that to invest in us. >> with that amount to an emotional takeover? >> no. i don't think so. he's an entrepreneur for...
0
0.0
Apr 16, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
katie: the rough ride for tesla continuing to build. thanks, simone. what's next for paramount as rumors fly about possible merger partners? we'll be joined by jon klein, former president of cnn. this is bloomberg. ♪ ♪ katie: it's time for our daily wall street week conversation and today we're focusing on a possible paramount deal. media mobile david ellisson is in talks to take over paramount and merge it with his own company, sky dance media. john klein is hang media co-founder and wall street week david westin. a lot of people would like to know how this shakes out. david: jon klein can talk to us and it's a different world since you ran cnn and i was at cbs news. give us a sense or a vision if you can fix paramount, whether it's david elson and sky dance, what's the formula for success for paramount, it's fallen on hard times. jon: i hear prayer works, maybe they can try that. you think of the universe, we all know how the world is going to end, right? the sun is going to grow and grow and become a red giant and swallow up all the planets incl
katie: the rough ride for tesla continuing to build. thanks, simone. what's next for paramount as rumors fly about possible merger partners? we'll be joined by jon klein, former president of cnn. this is bloomberg. ♪ ♪ katie: it's time for our daily wall street week conversation and today we're focusing on a possible paramount deal. media mobile david ellisson is in talks to take over paramount and merge it with his own company, sky dance media. john klein is hang media co-founder and wall...