0
0.0
Feb 10, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
to say, tesla owners, normal pricing non-tesla owners, we're going to charge you three times and makes it a revenue source using increasing the leverage from what the government funding is >> that doesn't make any sense an ev station, there are 12 evs. i don't care if you charge them $1,000 i want to get in and out it already takes too long to charge anyway. >> we'll make that the last word good debate. >>> we are counting down to the super bowl and there's a lot at stake for sports gambling, which stocks could benefit the most. we will discuss that and during february we are celebrating black heritage through the stories of some of our cnbc teammates, contributors and leaders in business. here is jon fortt. >>> a couple years ago, around the time george floyd was killed, i created a course called the black experience in america. i originally designed it for our two sons ended up opening it up to a broader audience by putting it online and creating an interactive experience and really the goal is to chart out the people, the topics, the ideas that have brought us to where we are now an
to say, tesla owners, normal pricing non-tesla owners, we're going to charge you three times and makes it a revenue source using increasing the leverage from what the government funding is >> that doesn't make any sense an ev station, there are 12 evs. i don't care if you charge them $1,000 i want to get in and out it already takes too long to charge anyway. >> we'll make that the last word good debate. >>> we are counting down to the super bowl and there's a lot at stake...
0
0.0
Feb 15, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
, rivian, some top picks, initiate tesla overweight $275. they like gm over ford, and they have some interesting thoughts on autonomous where they say we're entering a trough of disillusionment given some of the hiccups to get that software to understand how to drive by themselves >> it is interesting that you essentially have had this rethink of whether that's core to the whole premise where barclay's settles down on tesla within the universe is a familiar place, which is, such a head start, such a margin advantage to begin with. the rest of the companies have to remake their kind of antiquated business model. the whole story we know. the question is, what do you pay for that today and what you're paying for right now is 50 times forward earnings, so you're back in the zone of, you have to really believe. >> is that where we are, mike? we had gary black on, huge tesla bull, his etf has not done particularly well, but he owns a lot of it, and he was talking about huge earnings numbers which would take that multiple down because of all the ga
, rivian, some top picks, initiate tesla overweight $275. they like gm over ford, and they have some interesting thoughts on autonomous where they say we're entering a trough of disillusionment given some of the hiccups to get that software to understand how to drive by themselves >> it is interesting that you essentially have had this rethink of whether that's core to the whole premise where barclay's settles down on tesla within the universe is a familiar place, which is, such a head...
0
0.0
Feb 27, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
tesla calls have been one of the most popular trades in the entire options market. tesla option that market has just grown tremendously this year people have spent more than half a trillion dollars on tesla options over the past year making it the post popular option in the entire market. that was certainly on display today while the stock was ripping higher >> especially while shorts were down $7.5 billion in this calendar year. that's the other side of this. it's been a painful place for the shorts >> definitely. after a rare win for the shorts last year, that seem to be short lived for sure >> this seems, obviously tesla's way to go to be one, but it seems like a meme stock. when you talk to people and you're reporting, does the opinion of investors, of the durability of tesla's rally, does it change at all knowing there's such a fervent retail base >> yeah, i think that's what makes it such a tough stock for individual and institutional traders to value that's what made it such a painful short because i do think many bearish investors underestimated that passion
tesla calls have been one of the most popular trades in the entire options market. tesla option that market has just grown tremendously this year people have spent more than half a trillion dollars on tesla options over the past year making it the post popular option in the entire market. that was certainly on display today while the stock was ripping higher >> especially while shorts were down $7.5 billion in this calendar year. that's the other side of this. it's been a painful place...
0
0.0
Feb 3, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
what do we think bottom in for tesla? >> it's just a big ricochet similar to nvidia, and declined similar to nvidia. at some point, and i think that point is here and now, you fade the ricochet i'm a tseller. >> okay. tesla and elon musk not liable for securities fraud in that tweet case you can get more details about the verdict on cnbc.com. that does it for us here on "options action. we've got a mark that's all kinds of crazy keep i >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. wel welcome to a special miami edition of "mad money" coming to you from the amazing telemundo center other people want to make friends, i'm trying to make you money. my job is to educate, teach, call me 800-743-cnbc tweet me
what do we think bottom in for tesla? >> it's just a big ricochet similar to nvidia, and declined similar to nvidia. at some point, and i think that point is here and now, you fade the ricochet i'm a tseller. >> okay. tesla and elon musk not liable for securities fraud in that tweet case you can get more details about the verdict on cnbc.com. that does it for us here on "options action. we've got a mark that's all kinds of crazy keep i >>> my mission is simple, to make...
0
0.0
Feb 13, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
we're going to stay with tesla, of course. our next guest sees the stock going to 370 in the next 6 to 12 months even as ev competition amps pup let's see if he's going to join us gary black is with us. good to have you the last time we spoke, you were bemoaning the fact that twitter was taking an awful lot of mr. musk's time. you were encouraging him to move on from that to a certain extent, if i recall. he hasn't yet. i've reported he's looking for a new ceo and hasn't found one still spending a lot of time on twitter and we've had this amazing rally in shares of tesla. what do you attribute it and why do you believe it will continue? >> tesla is still very cheap you can't find other mega cap growth stocks with 30 to 35% volume growth trading at my number 40 times earnings, and that's going to continue you see ev adoption going through the roof look at california where it's now 17%, china is 22%, tesla is the best way to play that surging adoption when you look over the next couple months, you have investor day coming, you h
we're going to stay with tesla, of course. our next guest sees the stock going to 370 in the next 6 to 12 months even as ev competition amps pup let's see if he's going to join us gary black is with us. good to have you the last time we spoke, you were bemoaning the fact that twitter was taking an awful lot of mr. musk's time. you were encouraging him to move on from that to a certain extent, if i recall. he hasn't yet. i've reported he's looking for a new ceo and hasn't found one still...
0
0.0
Feb 5, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
i'm watching the after hours action in tesla. let's caveat this, this is a friday afternoon, pushing onto 6:00 p.m we're not going to see a lot of activity it's up fractionally right now what does this mean for tesla stock in your mind >> i mean, i don't think it's going to make that much of a difference for tesla stock i mean, this was really about elon and i think this is the right outcome. if you had bought it right after he made that tweet at its peak, you still would have had one of the best investments over the course of the next couple of years had you owned the stock. regardless of what happened in the meantime it went up about 16, 17 fold to its peak from that 2018 time frame when that tweet took place. so i think it's hard for investors to say that this caused real damages if they were being whipsawed by their own day trades i don't think it's going to impact the stock that much at $600 billion in valuation, it is a car company, it is a little bit rich but i do think this is the right outcome. >> carter, 30 seconds, do
i'm watching the after hours action in tesla. let's caveat this, this is a friday afternoon, pushing onto 6:00 p.m we're not going to see a lot of activity it's up fractionally right now what does this mean for tesla stock in your mind >> i mean, i don't think it's going to make that much of a difference for tesla stock i mean, this was really about elon and i think this is the right outcome. if you had bought it right after he made that tweet at its peak, you still would have had one of...
0
0.0
Feb 16, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
let's start off with the rrecal announcement from tesla. this is by tesla after a conversation with the national traffic safety administration which has been testing driving software, reports there have been accidents or incidents where the software was not acting as it should whether it was going through stop signs or going into an intersection from a right-hand only lane or was not acknowledging the change in the speed limit on the road. well, after the investigation, after they said we think you should update this to correct the problems, tesla said they don't agree but they will be doing a software update. we will see that as they correct this issue if it's not full self-driving technology, why is it called full self-driving? that's misleading, a completely separate question. you will be seeing software updates relatively soon. >> tesla is fairly -- i don't want to characterize it. let me ask it as a question. does tesla disclose that this, quote, full autonomous driving mode is a test version and does not replace your -- the driver's r
let's start off with the rrecal announcement from tesla. this is by tesla after a conversation with the national traffic safety administration which has been testing driving software, reports there have been accidents or incidents where the software was not acting as it should whether it was going through stop signs or going into an intersection from a right-hand only lane or was not acknowledging the change in the speed limit on the road. well, after the investigation, after they said we think...
0
0.0
Feb 27, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
, mike. >> tesla up 700% while ark is flat rescued the performance and everything outside of tesla, a big net negative over the time span overall market, i agree with sara, people are in the sell the rally mode feels like the market tone has gotten a little more damp. three down weeks, the s&p down 4, 5% off its highs. seems pretty contained right now. this is a 2-year look. shows you the final run of that bull market into the high last january. this -- what really takes on the look of a long-term kind of sideways trading range, whether it's a base, something different, is completely in the eye of the beholder. but here's why people are thinking that we're getting to an interesting spot. you see a lot of that. essentially you're at this crossroads 200 day average. people who got bullish in january because you saw the momentum signals, they're kind of waiting for the market to prove there's credence there so far i wouldn't say anything has happened in this market absorbing the yield moves, absorbing what's going on with the dollar, reset of fed expectations to say it's game over for th
, mike. >> tesla up 700% while ark is flat rescued the performance and everything outside of tesla, a big net negative over the time span overall market, i agree with sara, people are in the sell the rally mode feels like the market tone has gotten a little more damp. three down weeks, the s&p down 4, 5% off its highs. seems pretty contained right now. this is a 2-year look. shows you the final run of that bull market into the high last january. this -- what really takes on the look...
0
0.0
Feb 14, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
trade school on tesla? battery troubles and the options action on nvidia's red hot rebound. i'm melissa lee. tim seymour, karen finerman, dan nato an enjudd judy beal. stocks turned sharply negative while the nasdaq falling more man 1% but after philly fed president said rate hikes are closer to an end and nasdaq end in the green yields largely pushed their way higher with the six-month t-bill closing above 5% hitting its highest level since 2007 let's bring in steve liesman you have details on brainard's regular significance nation. >> the federal reservejust announced that the fed vice chair lael brainard will be effective february 20th. brainard a longtime federal of the fed appointed director of the national economic council and leaves a hole in the leadership as it battles inflation andfigures out how far to go. while it was only a tenth of expectations markets looking for details came to the realization the fed, same one they've been trying to hammer, bringing it to %, will be harder than the markets perhaps expected conrad dequadros says there is no slicing or dice of
trade school on tesla? battery troubles and the options action on nvidia's red hot rebound. i'm melissa lee. tim seymour, karen finerman, dan nato an enjudd judy beal. stocks turned sharply negative while the nasdaq falling more man 1% but after philly fed president said rate hikes are closer to an end and nasdaq end in the green yields largely pushed their way higher with the six-month t-bill closing above 5% hitting its highest level since 2007 let's bring in steve liesman you have details on...
0
0.0
Feb 8, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
coming up, a tesla takeover. the model y becoming the best selling car in the car capital of america, california, passing the toyota camry what it tells us about nationwide e.v. adoption >> a big milestone >>> so much news today, a reporter roundup to tackling it all. disney earnings on-deck. and what they are saying after last night's state of the union, we will hit all of the angles. a check of the markets the nasdaq taking the worst of it on the google weakness. we see the nasdaq down 1.5% and the dow down 139 >> let's get to dom chu for the details and the movers >> outside of the megacap technology, the a.i. trade, the headlines, three big earnings movers are catching attention. cvs health, which is up 5%, holding near session highs the pharmacy benefits, reporting better-than-expected results and gave better-than-expected four-year guidance, helped along with other things, sales growth in nontranscription drug-related goods. those are up 4%. under armour, down near 11%, near session lows, after the apparel
coming up, a tesla takeover. the model y becoming the best selling car in the car capital of america, california, passing the toyota camry what it tells us about nationwide e.v. adoption >> a big milestone >>> so much news today, a reporter roundup to tackling it all. disney earnings on-deck. and what they are saying after last night's state of the union, we will hit all of the angles. a check of the markets the nasdaq taking the worst of it on the google weakness. we see the...
0
0.0
Feb 28, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
it is going to be the incumbents that are going to be battling it out with tesla. my point is in the history of automobiles over the last hundred years, has there ever been a company that was able to maintain this sort of dominance as it relates to market cap relative to their market share for the product they are producing and i would say no. i think tomorrow is going to be a.and i think it could turn. >> that seems to be the consensus on wall street. the battle seems to be harder. even the incumbents are having difficulty doing this. >> i will say this, they are still, even at a guide of 50,000 from 60 they will still be up 130% year-over-year. they are growing massively relative to themselves. i think the issues at ford are things we spent a lot of time talking about this, fort has spent time talking about it. it is not just what is going on in different parts of the world and streamlining. tessa for a long time has had a tough time making that car the model three for the amount of money they said they would make your i think they are all having that issue but t
it is going to be the incumbents that are going to be battling it out with tesla. my point is in the history of automobiles over the last hundred years, has there ever been a company that was able to maintain this sort of dominance as it relates to market cap relative to their market share for the product they are producing and i would say no. i think tomorrow is going to be a.and i think it could turn. >> that seems to be the consensus on wall street. the battle seems to be harder. even...
0
0.0
Feb 3, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
. >> what you saw and heard from ford and tesla, are you changing rating on stocks >> we do like tesla. we have been taken back over what happened in the course of 2022 a lot of issues that we knew about whether it was governance or weakness in the markets from the base, the products are strong ford and gm has costs there. they are improving, but they are facing pricing pressure in a bigger way over time, tesla's impact is immediate and ford and gm will take several quarters. >> philippe, thank you >>> coming up, swift level meltdown in the making and gm's deal with netflix the top enngtrdi stories when "wex" returns. you don't want to miss this beyonce story. stay with us you need to pull it together. so you call in ibm and red hat to create an open hybrid cloud platform. now data is available anywhere, securely. and your digital transformation is helping find new ways to unlock energy around the world. >>> welcome back to "wex." let's get a check of headlines with frances rivera in new york. happy friday, frances. >> good morning, frank we start with the pentagon tracking a suspected
. >> what you saw and heard from ford and tesla, are you changing rating on stocks >> we do like tesla. we have been taken back over what happened in the course of 2022 a lot of issues that we knew about whether it was governance or weakness in the markets from the base, the products are strong ford and gm has costs there. they are improving, but they are facing pricing pressure in a bigger way over time, tesla's impact is immediate and ford and gm will take several quarters....
0
0.0
Feb 9, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
anymore, but i think tesla is more than just a carmaker. they have a huge range of different products and exciting road map ahead of them there is not always complete logic in the public markets and how people value and price things, but i believe tesla has incredible future ahead of it, and we're really just getting started in this whole transition even though the cycles of incredible excitement and maybe a little more, you know, caution, go up and down, i think it is useful to look at what% of the cars on the road today are actually electric. that to me is what highlights how much more market growth is ahead of companies like tesla and others as they electrify >> j.b., you're in touch with all the automakers you know what their plans are. are they investing enough as a group in battery production? i know they made big commitments and announcements, but it almost feels like they need to be making even more when we look beyond 25, into '27, '28, '29. >> i think you're right. and i think overall this industry needs to make even bigger moves
anymore, but i think tesla is more than just a carmaker. they have a huge range of different products and exciting road map ahead of them there is not always complete logic in the public markets and how people value and price things, but i believe tesla has incredible future ahead of it, and we're really just getting started in this whole transition even though the cycles of incredible excitement and maybe a little more, you know, caution, go up and down, i think it is useful to look at what%...
17
17
Feb 17, 2023
02/23
by
CNBC
tv
eye 17
favorite 0
quote 0
see you soon >>> when we come back, we dig into tesla's recall. this is a software upgrade you have to do or your car might drive through stop signs or through red lights not a recall an upgrade if you don't dito , your car may crash. we'll talk about that next maybe it's because you can gently raise your partner's head to help relieve snoring. so, you can both stay comfortable all night. and now, save 50% on the sleep number 360 limited edition smart bed. ends monday. [music - cover of blondie's “dreaming”] [music playing] ♪ imagine something of your very own. ♪ ♪ something you can have and hold. ♪ ♪ i'd build a road in gold just to have some dreaming, ♪ ♪ dreaming is free. ♪ accenture, let there be change. >>> tesla recalling 362,000 vehicles warning that the self-driving software may cause crashes. phil lebeau is joining us now. phil, people are getting mad you don't have to bring the car in this is the over the a air software upgrade >> yes it is listed as a recall by the nhtsa. regardless if it is over the air software upd
see you soon >>> when we come back, we dig into tesla's recall. this is a software upgrade you have to do or your car might drive through stop signs or through red lights not a recall an upgrade if you don't dito , your car may crash. we'll talk about that next maybe it's because you can gently raise your partner's head to help relieve snoring. so, you can both stay comfortable all night. and now, save 50% on the sleep number 360 limited edition smart bed. ends monday. [music - cover...
0
0.0
Feb 6, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
>> now tesla >> what was that >> now tesla my travel trust owns ford. look, that was a really bad miss and jim farley has to make this quarter. >> we have the music up, but he said tesla over ford and gm. >> look, tesla's got no more insider selling. i thought that was good. >> it is good. >> and ron's going to come on tomorrow and says it's worth a thousand tomorrow, you'll be asking me, wow, what do you think >> we'll get cramer's "mad dash," countdown to the opening bell lot more to get to, including some of these research calls futures remain weak as we have elevated yields today. "squawk on the street" is back after a break. what's this, a hospital bill? mm-hmm. for 1,100 bucks? ga-a-a-ap! looks like your wallet may need a sling too. tell me about it. did that goat say "gap"? he's talking about expenses that health insurance doesn't cover. eh-ehh-eh! well i'm talking about the money aflac pays to help close that gap. aflac, huh? aflac! ga-a-a-ap! aflac! gap... uh-oh! that duck can motor! get help with expenses health insurance doesn't cover at... a
>> now tesla >> what was that >> now tesla my travel trust owns ford. look, that was a really bad miss and jim farley has to make this quarter. >> we have the music up, but he said tesla over ford and gm. >> look, tesla's got no more insider selling. i thought that was good. >> it is good. >> and ron's going to come on tomorrow and says it's worth a thousand tomorrow, you'll be asking me, wow, what do you think >> we'll get cramer's "mad...
0
0.0
Feb 2, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
i think tesla was too cheap. facebook was too cheap stocks like snap or the low growth, no multiple stocks will go back down this is not just going to be a rising tide i don't think for tech and you want to be discerning and buy companies that have the ability to have margins, that have leverage in their balance sheet and not just play that fomo trade we've earned a year of return in the first month and one day of the year >> let's slip in a break we'll come back and keep brad around he's generous with his time today which is great news. you'll always remember buying your first car. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. ♪ this feels so right... ♪ adt systems now feature google products like the nest cam with floodlight, with intelligent alerts when a person or familiar face is detected. sam. sophie's not here tonight. so you have a
i think tesla was too cheap. facebook was too cheap stocks like snap or the low growth, no multiple stocks will go back down this is not just going to be a rising tide i don't think for tech and you want to be discerning and buy companies that have the ability to have margins, that have leverage in their balance sheet and not just play that fomo trade we've earned a year of return in the first month and one day of the year >> let's slip in a break we'll come back and keep brad around he's...
0
0.0
Feb 16, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
there is no full self-driving tesla. it's been well documented, do they do driver assist where they assist drivers yes. but that's what this recall is about. some of the self-driving technologies is not working as it should. whether it's going through stop signs or going into an intersection for a right turn lane only or not, adjusting the speed to the speed limit that's out there on the road, those are the kinds of things that the company will be fixing with an over the air software update but let's be clear, these vehicles were never 100% self-driving vehicles. there are no vehicles that do that and so this is correcting the problems that are in the current self-driving software out there. >> the point is, people are using the capabilities in these -- they have had all these betas they update all the time and each of those is making errors so this software, is that putting a stop to usage of this or accelerating their rollout of the next beta that they claim will fix the they claim will fix the existing problems >> the
there is no full self-driving tesla. it's been well documented, do they do driver assist where they assist drivers yes. but that's what this recall is about. some of the self-driving technologies is not working as it should. whether it's going through stop signs or going into an intersection for a right turn lane only or not, adjusting the speed to the speed limit that's out there on the road, those are the kinds of things that the company will be fixing with an over the air software update but...
0
0.0
Feb 9, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
does jennifer homendy have a problem with tesla and its autopilot ystem. this investigation was just about this one crash, but it makes it very clear that in this case when there was a lot of speculation, mike, back at that time that perhaps the drivers had engaged autopilot, that was not the case here so this clears one of those questions that had been out there i think for a long time people sat there and said, look, it doesn't strike me as being an autopay lot accident now it's been clear by the ntsb. ntsb reviews accidents, makes recommendations, mtsa, which is the government agency that regulates technology and vehicles, that's a separate entity they are thfinvestigating tesla autopilot system in a number of incidents. >> yeah, and again, the marketing of that system i guess also under question. thanks a lot i appreciate it. >>> jpmorgan's ceo jamie dimon warning it is too early to declare victory against inflation. up next, a top economist tells us whether he agrees with dimon's assessment the first time you made a sale online was also the first time
does jennifer homendy have a problem with tesla and its autopilot ystem. this investigation was just about this one crash, but it makes it very clear that in this case when there was a lot of speculation, mike, back at that time that perhaps the drivers had engaged autopilot, that was not the case here so this clears one of those questions that had been out there i think for a long time people sat there and said, look, it doesn't strike me as being an autopay lot accident now it's been clear by...
0
0.0
Feb 17, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
tesla wants to continue to lead, and the price action in tesla is nothing but astonishing, where you had it fall out of bed yesterday, rally back, and close right around the highs i think it continues to be the leader and continues to position itself in the evs going forward. >> by the way, the move in sigma lithium, it's a big move, and the stock is not a small one it's a $4 billion company. tim. >> story of the week really in the auto space was ford. ford talking about how much they're going to have to spend on ev, securing supplies the fact that if you look at the michigan battery plant, when you talk about the independence and what it means for all these major players in ev. so not surprised we're going to see this if you're tesla and you have a valuation -- they may not think, so but i think the valuation is extraordinary. some can be accretive. i know this is where they should be putting their balance sheet to work. >> carter, what does the tesla chart look like? >> it's steep, uncorrected, and rallied to a difficult level with new money here i'm a seller, not a buyer. >> all r
tesla wants to continue to lead, and the price action in tesla is nothing but astonishing, where you had it fall out of bed yesterday, rally back, and close right around the highs i think it continues to be the leader and continues to position itself in the evs going forward. >> by the way, the move in sigma lithium, it's a big move, and the stock is not a small one it's a $4 billion company. tim. >> story of the week really in the auto space was ford. ford talking about how much...
0
0.0
Feb 15, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
on tesla, there's no reason the stock can't go higher from here. so let's start there i just worry about that stock in another risk-off environment, which i think is likely over the next couple quarters, obviously a very high beta stock, but it's traded in the 200 to $300 range for a while. it obviously popped to $400, but the next challenge on the way to the top of that range is 225, the falling it 00-day moving average, but there's a ton of cross-occurrence now decent demand, potential issues in china, we're not really sure. what if the economy contracts. there's just a lot going on, for me, i rely on the charts for a stock like that. it's still in a down trend when that changes, i'll sort of revisit it i think it's hard to generally bet against elon musk in the long term. i've been wrong about this stock a lot, but that i my general view there on ford, i think we're all saying it in different ways, but you're going to have to be patient. i'm just not sure the market will be patient if we see macroheadwinds, just given the profitability profile a
on tesla, there's no reason the stock can't go higher from here. so let's start there i just worry about that stock in another risk-off environment, which i think is likely over the next couple quarters, obviously a very high beta stock, but it's traded in the 200 to $300 range for a while. it obviously popped to $400, but the next challenge on the way to the top of that range is 225, the falling it 00-day moving average, but there's a ton of cross-occurrence now decent demand, potential issues...
0
0.0
Feb 13, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
tesla is consistently the most bought stock by individual investors. last week it saw what vander described as unprecedented flows. tesla attracted a quarter of single-stock purchases likely to chase momentum and recoup losses from last year also, there's been a lot of hype ahead of tesla's investor day. jpmorgan points out a similar trend they have seen from older and younger cohorts of retail investors. added risk year-to-date, a lot of buying hit the highest level since last summer. vandall says it's driven by fomo, fear of missing out, and retail investors remain most vulnerable. >> if anything would happen in the macro -- >> exactly. >> i know we were talking about this, too, hedge funds are following retail investors and keeping that momentum going, institutional investors less so. is that typical of what happens? did we see that back in 2021 as well >> it's interesting. the hedge funds will look at some of the sentiment indicators, some of what's going on online in the chat rooms. they'll try to chase that momentum as well it's interesting insti
tesla is consistently the most bought stock by individual investors. last week it saw what vander described as unprecedented flows. tesla attracted a quarter of single-stock purchases likely to chase momentum and recoup losses from last year also, there's been a lot of hype ahead of tesla's investor day. jpmorgan points out a similar trend they have seen from older and younger cohorts of retail investors. added risk year-to-date, a lot of buying hit the highest level since last summer. vandall...
46
46
Feb 16, 2023
02/23
by
CNBC
tv
eye 46
favorite 0
quote 0
competitor is going to eat tesla's lunch? >> reporter: well, he says that they have been for years in china. and, look, we don't follow byd a lot here because they're not sold in the u.s., you go to china, you see a lot all over the place. they're doing quite well there >> thank you very much for watching "power lunch. >>> "closing bell" starts right now. >>> the hawkish fed speak sending the markets tumbling here in early trading. we've come well off the lows throughout the session we're at the highs of the day. this is the make-or-break hour for your money welcome, everyone, to "closing bell." i'm sara eisen the dow down as low as 410 the s&p 500 down 0.4%. every sector lower now utilities at the bottom of the pack the nasdaq down half a percent, again, looking a lot better than how we were looking this morning after the wholesale inflation number another hot read on inflation. ten-year treasury note yield higher 3.8. the muddled economic picture what it means for the fed's path joined by the former treasury secretary jack
competitor is going to eat tesla's lunch? >> reporter: well, he says that they have been for years in china. and, look, we don't follow byd a lot here because they're not sold in the u.s., you go to china, you see a lot all over the place. they're doing quite well there >> thank you very much for watching "power lunch. >>> "closing bell" starts right now. >>> the hawkish fed speak sending the markets tumbling here in early trading. we've come well...
0
0.0
Feb 7, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
you know, one of the things i like is tesla. for some of our clients, they were lucky from the timing perspective. did not buy at the beginning of last year and bought latter into the year that worked out well so far. one of the things we're doing is playing defwense in sectors. thinking about the super bowl and sometimes the best offense is a good defense. some of the pressure that tesla has put on the rest of the market by cutting prices, you want to keep an eye on who that effects the most >> tesla play there. the timing of the market, lee, you are better good than lucky i'm going to assume you will not see a 75% gain in 60 days like we did the momentum we had in tesla and others is not sustainable? >> absolutely not. i love for that to be the case and wouldn't we all? i think the fact of the matter is we've gotten a fair amount of the juice we will get so far this year. i think things are likely to be a little choppy. for our clients who are the longer-term investors think tesla is a good place to be for the long term. >> ye
you know, one of the things i like is tesla. for some of our clients, they were lucky from the timing perspective. did not buy at the beginning of last year and bought latter into the year that worked out well so far. one of the things we're doing is playing defwense in sectors. thinking about the super bowl and sometimes the best offense is a good defense. some of the pressure that tesla has put on the rest of the market by cutting prices, you want to keep an eye on who that effects the most...
0
0.0
Feb 24, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
is that tesla is, in fact, an a.i. company and should be valued as such people are worried a.i. will take them down, the full self-driving. one thing to say we're going to plow a field, another thing can they really have cars out there on the roads safely? >> well, you know, it's always a question, but right now it's in beta and i tell you, i have it myself and yes, there are some issues from time to ime, but with the over the air updates it's continually improving and the technology is incredibly impressive and i think it's going to change the future of driving. >> the headline is tesla is a buy for over a five-year frame i think that's a focus point qualcomm number three here it's having its third straight week of gains. you think that are' cornering the market for a.i. mobile devices? >> >> that's correct they have synergy with 5g in the cloud as well. as we know everyone has a mobile device this is a space that's going to continue growing over the course of the next five years when you combine 5g plus the cloud, pl
is that tesla is, in fact, an a.i. company and should be valued as such people are worried a.i. will take them down, the full self-driving. one thing to say we're going to plow a field, another thing can they really have cars out there on the roads safely? >> well, you know, it's always a question, but right now it's in beta and i tell you, i have it myself and yes, there are some issues from time to ime, but with the over the air updates it's continually improving and the technology is...
0
0.0
Feb 8, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
steve, where are you on tesla right now? >> got long again today. i felt like al pacino from "the godfather. just as i was out, they pull me back in. if you can stabilize above $200, there's a real gap in technicals, up to 230, 240 for me >> you'd be back theoretically through the investor day >> yes i think -- the way it stands right now, this can always change from a trader i'd rather be there. i've been using the analogy of rabbits coming out of a hat. he can pull a rabbit out of the hat whenever he wants. this is another rabbit and another hat. >> you guys out there can't see this, but i can. i can see julie biel rolling her eyes when steve was talking about rabbits coming out of a hat. they may not actually be real rabbits, they could be pretend rabbits and the stock goes higher ahead of big announcement. >> i think he's great at whipping up a frenzy he's got his twitter and tesla behind him that's a meaningful force for the stock. i come back to the fundamentals and i still think this business is not as healthy as it could be it's going to fac
steve, where are you on tesla right now? >> got long again today. i felt like al pacino from "the godfather. just as i was out, they pull me back in. if you can stabilize above $200, there's a real gap in technicals, up to 230, 240 for me >> you'd be back theoretically through the investor day >> yes i think -- the way it stands right now, this can always change from a trader i'd rather be there. i've been using the analogy of rabbits coming out of a hat. he can pull a...
0
0.0
Feb 15, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
so certainly tesla has its place. been a little of a luxury good more expensive price point where byd is creating more for a broader mass market. so in many ways, i think tesla has its place. we're believers in the company at the same time, byd, because that mass market appeal has a great opportunity. no different than another player i mentioned. catl. >> yes. >> kind of just got on the maps because of the ford deal just happens to be a chinese company. very, very important company another big holding in our cars etf. >> does it make me un-american if i hold the cars etf and betting on yyd and catl and the rest of it >> no, no. listen, as americans, there's a lot of u.s. multi-nationals that are doing great not only in china but doing, across the world. almost 20% of apple revenue comes from china or 25% of tesla revenue. gm sold 2 million cars business people are getting along great with one another getting on planes and meeting with one another, and hopefully the two sides politically can start getting on planes, ta
so certainly tesla has its place. been a little of a luxury good more expensive price point where byd is creating more for a broader mass market. so in many ways, i think tesla has its place. we're believers in the company at the same time, byd, because that mass market appeal has a great opportunity. no different than another player i mentioned. catl. >> yes. >> kind of just got on the maps because of the ford deal just happens to be a chinese company. very, very important company...
0
0.0
Feb 15, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
tesla has agreed to open up at least 7,500 of its u.s. chargers to other evs by 2024 that's according to the white house. there should be 100,000 on the u.s. roads by the end of the decade. >>> and hugh son reports goldman sachs is dropping plans for a credit card. it would have included a digital checking account to enhance profit margins, but that vision is no longer the case after goldman sachs' ceo decided that he was no longer going to pursue that path of the consumer business we're going to talk more about that later this hour with wells fargo analyst mike mayo. >>> new this morning china warning that it will retaliate against the u.s. over violations of its sovereignty potentially escalating the chinese spy balloon that was shot down earlier this month yesterday republican lawmakers calling on president biden to speak publicly about the recent unidentified objects that have been shot down over american and canadian airspace. for more on this, we want to turn to a former retired naval thank you for being with us this morning. i thin
tesla has agreed to open up at least 7,500 of its u.s. chargers to other evs by 2024 that's according to the white house. there should be 100,000 on the u.s. roads by the end of the decade. >>> and hugh son reports goldman sachs is dropping plans for a credit card. it would have included a digital checking account to enhance profit margins, but that vision is no longer the case after goldman sachs' ceo decided that he was no longer going to pursue that path of the consumer business...
0
0.0
Feb 7, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
you are somebody that looks at stocks closely let's talk about tesla because tesla shares for the year to date are up 80%, but for the one-year period they are still down 35% this is a stock that has gone from 381 dollars to 108 and back up over the last year. that's a lot of volatility >> yeah. >> it has been awry. >> i agree with that before we get deep into tesla, i want to make a comment about -- two comments about, number one, how it's the safest car that ever has been built in the world. the safest car that ever has been built in the world, and two weeks ago there was a man that took his wife and two children, two daughters, and drove it off a cliff 250 feet off the ground at 71 miles per hour, and he was trying to commit suicide and murder at the same time, and the fly cars off the cliff and lands on the bottom, and the center of gravity is the center of the car instead of the front, and they lowered people down, and they opened the doors and they were fine, unscathed. >> amazing >> elon musk should tell people, if you want to commit suicide, do it in a bentley and toyota, my so
you are somebody that looks at stocks closely let's talk about tesla because tesla shares for the year to date are up 80%, but for the one-year period they are still down 35% this is a stock that has gone from 381 dollars to 108 and back up over the last year. that's a lot of volatility >> yeah. >> it has been awry. >> i agree with that before we get deep into tesla, i want to make a comment about -- two comments about, number one, how it's the safest car that ever has been...
0
0.0
Feb 16, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
tesla is reportedly completely sold out of the popular models here in the u.s. according to the report from electric, the ev maker has run out of model ys for the quarter with production not slated to resume on the model until april. reports say expect the deliveries for new model ys not un expected to resume until june. >>> founder of wall street bets is suing reddit. accusing him of being banned from moderating the community. he said he was removed as the moderator back in 2020 and 2021 after reddit claimed he tried to monetize the community. >>> and a $17 billion takeover bid rejected by newcrest the offer does not represent sufficient value for shareholders newcrest not closing the door saying it would allow limited access to books if an improved offer were put forward not exactly closing the door, but not opening the kimono either >>> thank you. turning to earnings. we have high profile results today with the focus on the consumer and willingness to spend. we have team coverage this mortgage julia boorstin is following paramount global with the blockbuster
tesla is reportedly completely sold out of the popular models here in the u.s. according to the report from electric, the ev maker has run out of model ys for the quarter with production not slated to resume on the model until april. reports say expect the deliveries for new model ys not un expected to resume until june. >>> founder of wall street bets is suing reddit. accusing him of being banned from moderating the community. he said he was removed as the moderator back in 2020 and...
0
0.0
Feb 21, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
tesla's chief exist auto is getting cheaper. the ev company's model 3 is currently selling for nearly $5,000 less than the average new car in the united states according to analysis from bloomberg. that is after two recent price cuts and before the $7,500 ev tax credit put in place by the biden administration in january. shares of tesla were down more than 5% today, back below 200 bucks a share. that's really dish mean, that's amazing to think about, it's cheaper than the average u.s. car. >> really interesting to think now, let's talk about the stock. here comes the i hate guy portion of the show, which i'm fine that's the whole show. no, the viewing audience the move in tesla, 100% move in the course of time is remarkable we said 225 is a logical place to stall we topped out in october then we cratered what's a 50% trace 165 that makes sense and we could have another conversation there i missed after earnings. i thought he pulled the ripcord into earnings. that was $60 or so ago w that said, you've got to trade where it is now
tesla's chief exist auto is getting cheaper. the ev company's model 3 is currently selling for nearly $5,000 less than the average new car in the united states according to analysis from bloomberg. that is after two recent price cuts and before the $7,500 ev tax credit put in place by the biden administration in january. shares of tesla were down more than 5% today, back below 200 bucks a share. that's really dish mean, that's amazing to think about, it's cheaper than the average u.s. car....
0
0.0
Feb 8, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
coming up, a tesla takeover. the model
coming up, a tesla takeover. the model
0
0.0
Feb 14, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
tesla in there as jumping. information technology is good semi conductors are rallying materials, communication services are the sectors that will close higher. everybody else is lower. real estate and consumer staples at the bottom. nasdaq closing up about 4half a percent. and that is it for me on "closing bell. now to overtime with scott wapner >> thank you very much and welcome to overtime. you just heard the bell and we're just getting started here at the new york stock exchange and airbnb earnings are imminent and we'll see the report just as soon as that happens and we'll of course also discuss what today's cpi report means for the recent rally in stocks and we begin though with breaking news from the white house. we go to kayla tausche in washington where i get one
tesla in there as jumping. information technology is good semi conductors are rallying materials, communication services are the sectors that will close higher. everybody else is lower. real estate and consumer staples at the bottom. nasdaq closing up about 4half a percent. and that is it for me on "closing bell. now to overtime with scott wapner >> thank you very much and welcome to overtime. you just heard the bell and we're just getting started here at the new york stock exchange...
0
0.0
Feb 13, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
when you think about tesla, and again, i've given this to them, i think their charging network, i think their access to batteries, their ability to build them, all that stuff, i think that is a huge differentiator to all the competition. but i think watching the super bowl last night, and again, this is anecdotal, you think that the competition is coming. when you hear a headline this, the competition for battery manufacturers is coming there is a lot of criticism about full self-driving i think that is obviously one of the pillars of the bear case that it's not the thing that a lot of people think who are buying tesla are there for it's interesting when you put all of this stuff together listen, i still have a short position in tesla. it's had that huge run off the bottom i did think that when it was down 4% today, after being down 5% on friday, i thought the fever might have broken. it closed pretty decently again. and this goes back to i think interest rates, and it goes back to where we think the economy is going and if we think there is going to be a recession, where we think the r
when you think about tesla, and again, i've given this to them, i think their charging network, i think their access to batteries, their ability to build them, all that stuff, i think that is a huge differentiator to all the competition. but i think watching the super bowl last night, and again, this is anecdotal, you think that the competition is coming. when you hear a headline this, the competition for battery manufacturers is coming there is a lot of criticism about full self-driving i...
24
24
Feb 23, 2023
02/23
by
CNBC
tv
eye 24
favorite 0
quote 0
>> you know, i think tesla is still the benchmark here in the ev market. i think one of their very smart moves they made early on was to go for pretty much almost vertical integration where they can control -- they're the master of their own destiny of costs literally in a lot of the large amounts of value of material that goes into their products when you combine it with their brand which is held in high regard, they were a first mover, they tend to get a price premium, they continue to be in the lead and we'll see next week when they have their investor day how they'll continue to move the business forward but i think every automaker still benchmarks tesla as the leader at this point. >> it's good to see this world through your eyes, mark, thank you very much for coming on today. >> all right, thanks, guys. >> mark fields. >>> coming up after the break, the case for a higher inflation target the president getting ready to perhaps nominate a fed vice chair who might share those views? we'll see. stocks continue to move lower, dow down 215 discretionary is
>> you know, i think tesla is still the benchmark here in the ev market. i think one of their very smart moves they made early on was to go for pretty much almost vertical integration where they can control -- they're the master of their own destiny of costs literally in a lot of the large amounts of value of material that goes into their products when you combine it with their brand which is held in high regard, they were a first mover, they tend to get a price premium, they continue to...
0
0.0
Feb 16, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
tesla is recalling 362,000 vehicles, model year 2016 through 2023 why? because the beta self-driving software may cause crashes so as part of the recall, there will be an over the air software update sent to those vehicles with the software system unclear exactly what that over the air update will do, but this is the end -- or the next step we should say in what has been a long investigation by mitsa into claims that full self-driving beta software does not operate the way you think it should if it's a fully self-driving software vehicles are running stop signs, a number of incidents reported, tesla has agreed to recall 36,000 vehicles with the full self-driving beta software not a ton of reaction so far, and i'm not surprised, given the fact that there have been claims for a long time that this software not ready for primetime, despite elon musk saying, you'll have a car that will drive on its own and take you anywhere it had been widely reported and many people in the industry have said, including tesla owners, look, this software is not fully self-dri
tesla is recalling 362,000 vehicles, model year 2016 through 2023 why? because the beta self-driving software may cause crashes so as part of the recall, there will be an over the air software update sent to those vehicles with the software system unclear exactly what that over the air update will do, but this is the end -- or the next step we should say in what has been a long investigation by mitsa into claims that full self-driving beta software does not operate the way you think it should...
0
0.0
Feb 16, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
this is a quick look at tesla. the stock is up 2.4% today elon musk is certainly a busy man. >>> and charlie munger says tesla pales in comparison to the byd which is berkshire backed. >> tesla reduced in china twice. byd increased prices we're direct competitors we are so much ahead of b -- byd is so much ahead of tesla in china. it is almost ridiculous. if you look at byd, which most people never heard of, if you count all of the manufacturing space they have in china to make cars, it would amount to a percentage of the manhattan island >> interesting munger weighed in on the buzz around a.i >> artificial intelligence is very important, but also a lot of crazy hype on the subject. a.i. will not cure cancer. it will not do everything we want done. there is a lot of nonsense in it, too. i regard it as a mixed blessing. artificial intelligence. >> speaking of both warren buffett and charlie munger, they are weighing in on a.i a quick look at cryptocurrency bitcoin is up to a six-month high the technicians out there
this is a quick look at tesla. the stock is up 2.4% today elon musk is certainly a busy man. >>> and charlie munger says tesla pales in comparison to the byd which is berkshire backed. >> tesla reduced in china twice. byd increased prices we're direct competitors we are so much ahead of b -- byd is so much ahead of tesla in china. it is almost ridiculous. if you look at byd, which most people never heard of, if you count all of the manufacturing space they have in china to make...
72
72
Feb 17, 2023
02/23
by
CNBC
tv
eye 72
favorite 0
quote 0
being tesla. that is going to be the focus over the next couple weeks, guys >> yeah. not to mention next couple years given all the ambitious targets. specific to tesla, phil, we had the recall, the self-driving feature. i guess it's over the air, but what do we know about it and how quickly does that get done >> over the next couple weeks they'll do an over the air software update. tesla disagrees with the findings from nhtsa. you know how this works, if nhtsa say we think there should be a recall your choices are you agree to do the recall or if you're an automaker you say take us to court and almost always nhtsa will win in court. tesla decided we'll issue a voluntary recall the allegation from nhtsa is that they're in rare instances, are cases where the full self-driving data technology, which is not fully autonomous, just what they call it, it doesn't work as it should in certain intersections, maybe goes through a stop sign. >> right. >> you turn it goes straight in turning right. that is ex
being tesla. that is going to be the focus over the next couple weeks, guys >> yeah. not to mention next couple years given all the ambitious targets. specific to tesla, phil, we had the recall, the self-driving feature. i guess it's over the air, but what do we know about it and how quickly does that get done >> over the next couple weeks they'll do an over the air software update. tesla disagrees with the findings from nhtsa. you know how this works, if nhtsa say we think there...
0
0.0
Feb 9, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
tesla taking higher yet again. the stock up straight straight sessions in 13 of the last 14 and has more than doubled from its lows of early january. dan, you've been short what have you done >> well, i've been averaging in. i started buying that tslq when it was 59. my average is 50 about trades some of my best trades have started out as my worst trades and, again, you know, this is really just trading around something here and averaged into it and gotten to a pretty sizable position for me as i think about this and so i've also tried puts in tesla, that sort of thing so moving my feet a little bit here but i really do think this thing is about to break and know a lot of investors focused on the march 1st analyst day and think about the guidance they gave and some of the commentary on their call a few weeks ago it wasn't particularly great i don't think they will have anything new to say and the situation in china hasn't gotten better this is a mania. we've seen these kind of moves and feel comfortable about it ri
tesla taking higher yet again. the stock up straight straight sessions in 13 of the last 14 and has more than doubled from its lows of early january. dan, you've been short what have you done >> well, i've been averaging in. i started buying that tslq when it was 59. my average is 50 about trades some of my best trades have started out as my worst trades and, again, you know, this is really just trading around something here and averaged into it and gotten to a pretty sizable position for...
0
0.0
Feb 6, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
last three months were extremely tough as had to save twitter from bankruptcy and fulfilling tesla and spacex duties. wouldn't wish that pain on anyone twitter has challenges and looking to break even. public support is much appreciated. he clarified that twitter is not financially healthy yet, but trending to do so. twitter and musk did not respond to cnbc request for comment. >> be careful with the tweets. funding secured was the first one. then qualifying with we are nowhere near it. i see more ads >> i did, too. i bought stuff before the holidays i was disappointed with sales. >> it will happen more for you >> he has new advertisers. not new. anheuser-busch and others that advertise on the super bowl. doing takeovers on twitter some scaled back prior that is a good sign. >> did it used to be only people that you follow? now it defaults for you and gives me stuff i didn't ask for. do they know what i like >> they are trying to follow the tiktok algorithm style kind of thing which is to say a lot of people onboard twitter and they only follow five or ten people they are not getting s
last three months were extremely tough as had to save twitter from bankruptcy and fulfilling tesla and spacex duties. wouldn't wish that pain on anyone twitter has challenges and looking to break even. public support is much appreciated. he clarified that twitter is not financially healthy yet, but trending to do so. twitter and musk did not respond to cnbc request for comment. >> be careful with the tweets. funding secured was the first one. then qualifying with we are nowhere near it. i...
0
0.0
Feb 22, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
tesla. news about plans in california >> it's happen right now the governor, governor newsomtea they are talking about tesla expanding presence there, engineering, research and development, artificial intelligence >> talking about fremont >> well, palo alto is the engineering. fremont is where they manufacture. >> is this because they moved to texas? the headquarters did >> sounds like california is saying, we're the engineering headquarters - >> if you're the governor saying, we have tesla expanding in the state, it's great news. and if you're tesla, this is a no-brainer look at the talent you're looking for when it comes to a.i., r&d, another's right there. they have a huge presence. it is going to get bigger. >> what about the price cutting? will they gain share >> they have commitments >> well, who doesn't want more share? they have production plans you don't want to let the plants that you are continuing to grow, whether it's in china or europe or the two here in the united states, if y
tesla. news about plans in california >> it's happen right now the governor, governor newsomtea they are talking about tesla expanding presence there, engineering, research and development, artificial intelligence >> talking about fremont >> well, palo alto is the engineering. fremont is where they manufacture. >> is this because they moved to texas? the headquarters did >> sounds like california is saying, we're the engineering headquarters - >> if you're...
0
0.0
Feb 8, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
now one out of every ten vehicles sold in california is a tesla. remember, in their annual sales, they are targeting 1.8 milliion vehicles to be sold this year. we've known for a long time the u.s. and in particular california, critical to the success of the growth of tesla, and, again, the target is 1.8 million. and as you take a look at shares of tesla keep in mind the next big vehicle they plan to roll out is the cyber truck. they'll start to see them in decent numbers middle of 24, i would imagine. guess where you're going to see a lot of them, joe california why is that important? southern california, joe, is the largest pickup truck market in the country. a large percentage of those buyers in california are lifestyle buyers they don't buy it for the utility because they're going out on the ranch or cetera, they buy it for the looks, the appearance, the feel i'll be interested to see what the cyber truck does when it rolls out in california. >> maybe bakersfield or imperial valley you see some of that. >> i'm not saying -- look, are their ranc
now one out of every ten vehicles sold in california is a tesla. remember, in their annual sales, they are targeting 1.8 milliion vehicles to be sold this year. we've known for a long time the u.s. and in particular california, critical to the success of the growth of tesla, and, again, the target is 1.8 million. and as you take a look at shares of tesla keep in mind the next big vehicle they plan to roll out is the cyber truck. they'll start to see them in decent numbers middle of 24, i would...
0
0.0
Feb 21, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
for tesla, tesla has one pricing tool the sticker price. every other oem has a bigger area of pricing tool to utilize. that will help other oems to not make drastic price cuts for the year for evs, in china, there is no price premium left the electric vehicle in china, it costs about the same as internal combustion vehicle. we look for that in the u.s. as well over the next couple years. we think that there will be a little bit more pricing headwind on the ev side as the price comes down >> that will hurt profitability and continue to hurt for some time that remains there was some discounting that was put in place which, of course, was perhaps a covid-era sentiment. does that stay in place medium-to-long term? >> we expect discounting to rise across our models and across the evs. i think on the electric cars, what is most important right now for the traditional oems is the platforms like mercedes-benz and bmw are designing. the platforms are allowing them to be more cost competitive. as you see with the production costs of the evs come down
for tesla, tesla has one pricing tool the sticker price. every other oem has a bigger area of pricing tool to utilize. that will help other oems to not make drastic price cuts for the year for evs, in china, there is no price premium left the electric vehicle in china, it costs about the same as internal combustion vehicle. we look for that in the u.s. as well over the next couple years. we think that there will be a little bit more pricing headwind on the ev side as the price comes down...
0
0.0
Feb 9, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
so tesla shares up 3.5%. and, remember, joe, they got a big investor day coming up the beginning of march there is probably some -- at least anticipation, it has been a big juggernaut of a stock to start the year we'll see if it continues. >> that's in march all right. we'll put that on the calendar dom chu, thank you >>> when we come back, pepsico's vice chair and cfo hue johnston is going to join us to break down the company's quarter >>> and later, we will hear from quk x"ilbeigenator tom cotton, "sawbo wl rht back. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones ♪♪ inner voice (kombucha brewer): if i just stare at these payroll forms... my business' payroll taxes will calculate themselves. right? uhh...nope. intuit quickbooks helps you manage your payroll taxes, cheers! with 100% accurate tax calculations guaranteed.
so tesla shares up 3.5%. and, remember, joe, they got a big investor day coming up the beginning of march there is probably some -- at least anticipation, it has been a big juggernaut of a stock to start the year we'll see if it continues. >> that's in march all right. we'll put that on the calendar dom chu, thank you >>> when we come back, pepsico's vice chair and cfo hue johnston is going to join us to break down the company's quarter >>> and later, we will hear from...
0
0.0
Feb 22, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
those two stocks, as goes tesla, amazon, the rest of the sector as well. if you take a look at the sectors, that's one thing to focus on right now because amazon has been a huge underperformer, tesla, 28% over the past year, leading to that 17% decline in consumer discretionary. to give you context, frank, about how much market cap has been lost, those two stocks have lost a combined $1.5 trillion with a t in market value just to give you an idea how significant they are, frank. i'll send things back over to you. >> wow thank you, dom. >>> let's get a check on our top stories. our silvana henao is back with that >> amazon employees continue to express frustrations over the ceo's andy jassy's return-to-work mandate they're pushing back on the mandate, which requires them to be back in the office at least three days starting in may they have about 5,000 employees signing the petition. >>> the ceo of norfolk southern is vowinged support to east palestine, ohio nrk the aftermath of the toxic derailment and toxic chemical release. speaking with the ceeo yesterd
those two stocks, as goes tesla, amazon, the rest of the sector as well. if you take a look at the sectors, that's one thing to focus on right now because amazon has been a huge underperformer, tesla, 28% over the past year, leading to that 17% decline in consumer discretionary. to give you context, frank, about how much market cap has been lost, those two stocks have lost a combined $1.5 trillion with a t in market value just to give you an idea how significant they are, frank. i'll send...
0
0.0
Feb 27, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
. >> tesla having an analyst day on wednesday the theme continues to be how the stock market is digesting the move in the bond market, which is showing sharply higher yields on the bang of strong data today's durable goods numbers, the headline was ugly because boeing was down, it's volatile around aircraft, showed strong demand for shipments and continues higher data. cathie wood told us it's a warm january, let's see what's happening. you can't deny a fact across a number of retail sector, inflation, housing, things have looked better. >> morgan stanley pushing back a few months, the expected date of the first rate cut in their view to march of 2024 >> markets starting to price that out, too. >> the move higher in rates across the board, you're probably familiar, two-year at the highest level since july of 2007 the ten-year trying to get back to 4, hasn't been able to do that what's been of interest to many investors are the expectations for future volatility in treasury yields, now at the highest level in more than a month. let'sbring in cnbc senior markets commentator mike santoli as
. >> tesla having an analyst day on wednesday the theme continues to be how the stock market is digesting the move in the bond market, which is showing sharply higher yields on the bang of strong data today's durable goods numbers, the headline was ugly because boeing was down, it's volatile around aircraft, showed strong demand for shipments and continues higher data. cathie wood told us it's a warm january, let's see what's happening. you can't deny a fact across a number of retail...
0
0.0
Feb 17, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
what is helping is tesla tesla is having a rebound day. amgen is in there and t-mobile but some of the big cap tech players are under pressure today. microsoft, nvidia, apple and amazon what is also getting in the way here could be higher treasury yields, a little bit -- actually a little bit lower and higher treasury prices and a stronger dollar here this afternoon it could be weighing on the trade. wee also got some of the winners of this year a little bit under pressure. potentially taking a breather as mike santoli said. keep in mind, this is a year where we're still higher for the market and a lot of the groups that have been driving it were the hardest hit of last year the tech names and the momentum players and even the arc innovation fund and having a good week and a overall good year and a rebound here. as we head into the bell, tag a look dow up 127 near the highs of the day. spent most of the day lower. no real economic data but we're still trying to digest all of the hot reports lately hot ppi this week. jobless claims below 20
what is helping is tesla tesla is having a rebound day. amgen is in there and t-mobile but some of the big cap tech players are under pressure today. microsoft, nvidia, apple and amazon what is also getting in the way here could be higher treasury yields, a little bit -- actually a little bit lower and higher treasury prices and a stronger dollar here this afternoon it could be weighing on the trade. wee also got some of the winners of this year a little bit under pressure. potentially taking a...
0
0.0
Feb 2, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
was just a wee bit junior growth stocks well, there's nothing junior anymore about the stock of tesla. so let me give you three of my favorites. write them down. come on, we're at school the first one up is etsy the online marketplace for handcrafted boutiques and sellers that's in brooklyn about ten blocks from my house i've been recommending this stock since 2016 and it was a big winner for us even before the pandemic hit then covid sent us into lockdown and etsy went into overdrive with the stock soaring from $30 in march of 2020 to an all-time high and maybe too high of $307 in november of 2021. like other fast-growing digital plays it ran up to the stratosphere and then we got hit with a post-covid pullback >> sell sell sell sell sell sell >> with the stock plummeting nearly 80% from its highs in less than six months finally etsy bottomed at 67 last june thank heavens. >> buy buy buy >> but here's the thing. even though the stock's valuation got a little excessive, nothing really changed about the underlying business and that's what matters. it's a business. the stock represents
was just a wee bit junior growth stocks well, there's nothing junior anymore about the stock of tesla. so let me give you three of my favorites. write them down. come on, we're at school the first one up is etsy the online marketplace for handcrafted boutiques and sellers that's in brooklyn about ten blocks from my house i've been recommending this stock since 2016 and it was a big winner for us even before the pandemic hit then covid sent us into lockdown and etsy went into overdrive with the...
0
0.0
Feb 9, 2023
02/23
by
CNBC
tv
eye 0
favorite 0
quote 0
. >> all right, to dom chu and go through some of today's movers i see tesla on the list there. >> tesla is up as we're hitting session lows now for the stock market solidly higher on the day, not far from the best levels of the session now as you can see some of the upside today being driven by headlines with regard to a fatal crash involving a tesla model s in texas in 2021 u.s. auto safety regulators determined the accident was not, not tied to the use of that controversial auto pilot feature on some of its cars. that alongside some optimism about the stock, tesla heading into the ev makers investor day in early march are helping the surge. at current levels now, you can see we have officially more than doubled off the lows that we saw just back in the early part of this month next up, you got shares of affirm, going in the opposite direction. the fintech company with a primary focus on that buy now, pay later consumer financing trend is losing about roughly a fifth of its value today on the heels of a disappointing earnings report. the company also announcing it is laying off roughly
. >> all right, to dom chu and go through some of today's movers i see tesla on the list there. >> tesla is up as we're hitting session lows now for the stock market solidly higher on the day, not far from the best levels of the session now as you can see some of the upside today being driven by headlines with regard to a fatal crash involving a tesla model s in texas in 2021 u.s. auto safety regulators determined the accident was not, not tied to the use of that controversial auto...
16
16
Feb 17, 2023
02/23
by
CNBC
tv
eye 16
favorite 0
quote 0
steve liesman, cnbc business news. >>> tesla is reporting 362,000 vehicles across the u.s. and musk refer they did not use that word regulators say flaws in the self-driving software could cause crashes. the model s and model y vehicles in 2023. the model 3 as well. the ev maker is planning an over the airs software update i never heard that. >> it is funny you say that. i called it online yesterday if you a follower and said it is not online it is over the air i feel like the lingo is something we have to learn. >> it is significant they produce 1.2 million vehicles a year. they did last year that 300,000 plus number is a big portion over the course of several years. obviously, that was the reason you had an inverse effect. if you are a tesla investor, what you care about are two things vehicle deliveries for 2023 and musk is optimistic they can keep that growing by 40% by the end of the year. number two, profit margins at a time they are cutting prices, it isdoesn't bode well. >> to take it back to investors, i zone in on the idea of being what a recall is and the new car
steve liesman, cnbc business news. >>> tesla is reporting 362,000 vehicles across the u.s. and musk refer they did not use that word regulators say flaws in the self-driving software could cause crashes. the model s and model y vehicles in 2023. the model 3 as well. the ev maker is planning an over the airs software update i never heard that. >> it is funny you say that. i called it online yesterday if you a follower and said it is not online it is over the air i feel like the...