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Apr 22, 2024
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annabelle: a focus on earnings kicking off with tesla. looking at this chart, the slide we have seen in the stock in the past five sessions, down nearly 10%. the losses this year totaling more than 40%. the ev maker is set to report its first-quarter earnings and price cuts are very much the focus, ramifications of those. we had more announced over the weekend in countries including china, where ev buyers are also awaiting a stimulus program that could include incentives aimed to encourage businesses and households to adopt greener technologies. let's discuss more with jean handling -- junheng li, founder and ceo at jl warren capital. we could get to beijing's trading in a moment, but the price cuts in china, are they going to be really substantial enough to boost demand? junheng: probably not. the core issue with tesla and certainly with china, is aging. tesla has not had a new product for the last three or four years per minute model 3 came to the market in 2017, model y, 2020. meanwhile, there are many made in china homegrown brands. t
annabelle: a focus on earnings kicking off with tesla. looking at this chart, the slide we have seen in the stock in the past five sessions, down nearly 10%. the losses this year totaling more than 40%. the ev maker is set to report its first-quarter earnings and price cuts are very much the focus, ramifications of those. we had more announced over the weekend in countries including china, where ev buyers are also awaiting a stimulus program that could include incentives aimed to encourage...
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Apr 9, 2024
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haslinda: in terms of tesla's future 10, five years down, where do you see tesla? it could be concentrating on ev's, but other projects as well. how do you see tesla in terms of growth? martin: what i would like to see is tesla succeeding to make ev's into the foreseeable future. i would like to see them continue to make ev's. whether they do it or not is not my say. haslinda: you were with volkswagen for quite some time. two years after you left tesla. yet when it comes to their ev strategy, they've not been able to replicate what tesla has done. why is that? martin: let's just say innovator's dilemma. volkswagen has been very successful, more successful than any other company making gasoline and diesel cars. it is hard for a company like that to push technology to suggest people buy cars other than the ones that have been making the money for years. caroline: the former tesla ceo martin eberhard, along with our own haslinda amin. let's come full circle with what tesla is at the moment and headed for perhaps vehicle sales declining in another quarter. after a surp
haslinda: in terms of tesla's future 10, five years down, where do you see tesla? it could be concentrating on ev's, but other projects as well. how do you see tesla in terms of growth? martin: what i would like to see is tesla succeeding to make ev's into the foreseeable future. i would like to see them continue to make ev's. whether they do it or not is not my say. haslinda: you were with volkswagen for quite some time. two years after you left tesla. yet when it comes to their ev strategy,...
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Apr 3, 2024
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so that's not just for tesla. for other ev players, all of these players from china, they are going to face similar challenges. a big question is, how well is demand going to stack up for the rest of the year? haidi: our asia transport reporter there with the latest on tesla. we will be getting more insights when it comes to those first quarter deliveries. big ms. from tesla. why they are keeping and outperforming rating on the ev giant despite those results. more to come on daybreak asia. this is bloomberg. ♪ paul: just want to bring you an update on the earthquake in taiwan. 7.5 magnitude earthquake. happened 21 kilometers southeast of taiwan. this is according to the u.s. geological survey. very strong shaking at that strength. that was felt widely in the taiwanese capital. a tsunami warning has also been issued for a number of those small japanese islands that you see there just to the northeast of taiwan. also a tsunami warning for japan's okinawa prefecture. local residents told to evacuate. tsunami waves
so that's not just for tesla. for other ev players, all of these players from china, they are going to face similar challenges. a big question is, how well is demand going to stack up for the rest of the year? haidi: our asia transport reporter there with the latest on tesla. we will be getting more insights when it comes to those first quarter deliveries. big ms. from tesla. why they are keeping and outperforming rating on the ev giant despite those results. more to come on daybreak asia. this...
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Apr 23, 2024
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if you look at the tesla numbers in the first quarter, tesla had an 11% market share. by the fourth quarter it was 6.7% which tells you how cheaply because in china 60% of ev's are cheaper than combustion and that will be exported. it is concerning the china overtook japan, germany and this is the context, but before i leave you, talking about energy and oil, this will displace 12 million barrels per day and not just be gas guzzling cars. tom: china brought tesla to suit up the market and they have managed. bloomberg's oliver, thank you. setting us up for a big day. novartis raising their guidance after reporting better first quarter response. we will dig into that story, what is propelling optimism next, this is bloomberg. ♪ >> we do personalization and you can tell me what you think but ai can help me analyze your face better than you could vocalize. helping to give people the equivalent is a great way to grow your business. cheating is not relevant. tom: that was trini speaking to bloomberg. the federal trade commission is seeking to stop a merger between fashion
if you look at the tesla numbers in the first quarter, tesla had an 11% market share. by the fourth quarter it was 6.7% which tells you how cheaply because in china 60% of ev's are cheaper than combustion and that will be exported. it is concerning the china overtook japan, germany and this is the context, but before i leave you, talking about energy and oil, this will displace 12 million barrels per day and not just be gas guzzling cars. tom: china brought tesla to suit up the market and they...
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Apr 22, 2024
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tesla/is prices -- tesla slashes prices. eyes turn to the crucial earnings report. it is a big week in terms of the earnings story with u.s. tax. tesla reporting on tuesday but also european banks in focus for us today as well and we check in on the markets when there is a bit of relief. with the outside coming through for equities and a little bit of downside for those haven assets, the likes of gold, oil, and the u.s. dollar. futures pointing higher. the ftse 100 up in the session. we look at the energy story as well given that oil has come off a little to see how that feeds through in to the ftse 100. s&p futures above the 5000 level. nasdaq futures pointing higher by .5% after the worst week for the nasdaq 100 since november of 2022. looking to repair some of those losses at least gazed on the futures. let's focus on the treasury space. a big week in terms of options. the two-year above 5%. softness coming through for the bloomberg dollar or at least dropping .9%. and rita saying she -- let's turn to the invocations of this will. when it could mean for tiktok. t
tesla/is prices -- tesla slashes prices. eyes turn to the crucial earnings report. it is a big week in terms of the earnings story with u.s. tax. tesla reporting on tuesday but also european banks in focus for us today as well and we check in on the markets when there is a bit of relief. with the outside coming through for equities and a little bit of downside for those haven assets, the likes of gold, oil, and the u.s. dollar. futures pointing higher. the ftse 100 up in the session. we look at...
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Apr 2, 2024
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tesla was the leader in this marketing using price as a lever. they cut prices and raised prices in the net end price is important but it wouldn't be surprising for them next quarter to also lower the price will raise the price particular wall rates remain higher. >> may be expect more price adjustments of courses as tesla plots a path forward. they actually beat on their delivery targets talking about much smaller numbers here than tesla. but still beating the stock is down right now. >> i know the company pretty well. for me this is a story about management team learning corporate guidance. in the last quarter's earnings they said deliveries will be down 10 to 15% and our production will be impacted because we are introducing new parts reestablishing our supply chain and they gave that guidance and quite comfortably beat it on deliveries. there is still constrained. they planned to downtime this year and like tesla there is a big demand. they go into production 2026, the market for $80,000 pickups and suvs it's not clear who is still buying tho
tesla was the leader in this marketing using price as a lever. they cut prices and raised prices in the net end price is important but it wouldn't be surprising for them next quarter to also lower the price will raise the price particular wall rates remain higher. >> may be expect more price adjustments of courses as tesla plots a path forward. they actually beat on their delivery targets talking about much smaller numbers here than tesla. but still beating the stock is down right now....
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Apr 23, 2024
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paul: tesla fast tracking cheaper models. annabelle: apples china sales plunged 19%, putting it third in a key market. paul: what's take a look at trades, risk on day. gold prices eased. gold etf could suffer, new zealand in positive territory. interesting day. numbers out of australia are critically, those numbers are using down from 4.1, big improvement outside the target band. bank of indonesia decision, consensus is a hold. we gave futures saw positive territory. bank of japan will focus on weakening the yen. were at 144 .77 and keeping our eyes on tesla suppliers. stocks surging following the call. annabelle: that's right. the company has slumped, but u.s. futures looking toward future gains but the story is focused on earnings. what else we were tracking was optimism and a bullish forecast. some of those are coming from goldman sachs. company that closed at a record high, first record highs since 2021, first quarter earnings came through including a process -- profit beat. apple posting gains which was surprising. china
paul: tesla fast tracking cheaper models. annabelle: apples china sales plunged 19%, putting it third in a key market. paul: what's take a look at trades, risk on day. gold prices eased. gold etf could suffer, new zealand in positive territory. interesting day. numbers out of australia are critically, those numbers are using down from 4.1, big improvement outside the target band. bank of indonesia decision, consensus is a hold. we gave futures saw positive territory. bank of japan will focus on...
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Apr 24, 2024
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this is really important for tesla and its future growth story, in particular as around 2024, which tesla faces growth. therefore, having newer models, it helps potentially refresh a line that has become stale, also has become very small. investors are happier with this at a time like this with something that would happen at the end of next year in 2025 that could come as soon as this year or early next. this is potentially very, very positive. unfortunately, there is still a lot of details that have yet to be clarified by elon musk. he is saying, wait until august when we will have an announcement on something related to a robotaxi and whether that could involve things that could be low cost and help to drive and revive this slumping stock performance. tom: and it just comes down to implementation. the key question as to whether they can implement the sped up time. danny joining us out of beijing. competition out of china has been one of the key factors, key challenges for elon musk and tesla. what stood out to you? danny: i think just across the range of metrics we were looking at, ever
this is really important for tesla and its future growth story, in particular as around 2024, which tesla faces growth. therefore, having newer models, it helps potentially refresh a line that has become stale, also has become very small. investors are happier with this at a time like this with something that would happen at the end of next year in 2025 that could come as soon as this year or early next. this is potentially very, very positive. unfortunately, there is still a lot of details...
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Apr 24, 2024
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. >> tesla had a horrible quarter but it will be interesting watching tesla supplies. a busy day. annabelle: texas instruments could impact chipmakers. but at the start of the day, the nikkei coming online. you mentioned eco-data more than what economists had been expecting. tesla had a week quarter but still a good outlook, rising after hours more than 12%, going all in on autonomous vehicles. the bar was high for mega caps stocks. that is the state of play for japan, japanese yen holding close to the 155 mark. the yen is a question of how much it is helping versus hindering. consumer stocks are weaker, a catch-22 for the boj, yen week. boj needs to curb that. holding steady will give traders incentive to push past 155. let's change to korea, the kospi online up more than 1.5%. small caps are in the green, texas instruments is a another name with a solid forecast. come back in demand so chipmakers, the korean won is weaker against the dollar. paul: in australia, staggered open. pre-much flat in the aussie dollar was showing strength relatively speaking, knocking on the door of $.
. >> tesla had a horrible quarter but it will be interesting watching tesla supplies. a busy day. annabelle: texas instruments could impact chipmakers. but at the start of the day, the nikkei coming online. you mentioned eco-data more than what economists had been expecting. tesla had a week quarter but still a good outlook, rising after hours more than 12%, going all in on autonomous vehicles. the bar was high for mega caps stocks. that is the state of play for japan, japanese yen...
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Apr 24, 2024
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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...
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Apr 28, 2024
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facilities, so there was a long road for tesla. he does have the good relationships with li qiang, but it is a big struggle to get that kind of approval immediately, but they sit on the right things. li qiang said china is always open to foreign companies and added that tesla is a successful example of u.s.-china cooperation and tesla was willing to deepen cooperation with china. you can kind of see elon musk's priorities. she was supposed to be in india eating with narendra modi. he wants to get into india. at dr a lot of tax issues of import taxes and the like in the indiana market. he also wants starlink in india, but china is elon musk's priority. all he obviously sees china as a more pressing matter right now. haidi: stephen engle with the details of the surprise visit. stick around for more insight into elon musk's weekend trip to beijing. wedbush securities at 11:40 a.m. sydney time. antony blinken is due in saudi arabia for talks with regional counterparts on the israel-hamas war. wrapping up two days of sometimes confronta
facilities, so there was a long road for tesla. he does have the good relationships with li qiang, but it is a big struggle to get that kind of approval immediately, but they sit on the right things. li qiang said china is always open to foreign companies and added that tesla is a successful example of u.s.-china cooperation and tesla was willing to deepen cooperation with china. you can kind of see elon musk's priorities. she was supposed to be in india eating with narendra modi. he wants to...
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Apr 29, 2024
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wild moves from tesla. shares last week on a ride after weeks sales and forecasted sales but shares are soaring again after approval in principle from chinese government officials to deploy its driver assisted system. ed ludlow joins me now. talk to us about what you saw from tesla's first set of guidance on delivering new cheaper ev's compared to what you see today with this reaction from the news from china. today's news is sending shares higher. ed: exactly right. investors vote with their feet as the old adage goes. we are up 16%. on track for the biggest jump since march 2020 one. that is in response to the news overnight. this -- the specifics are important, it is a tentative authorization for fsd in china and has clear stipulations. reaching an agreement with baidu for mapping is important. baidu is the domestic champion of that technology. data and privacy agreements because tesla has had a good relationship with china relative to other u.s. companies, it of late has been more tricky particularly in
wild moves from tesla. shares last week on a ride after weeks sales and forecasted sales but shares are soaring again after approval in principle from chinese government officials to deploy its driver assisted system. ed ludlow joins me now. talk to us about what you saw from tesla's first set of guidance on delivering new cheaper ev's compared to what you see today with this reaction from the news from china. today's news is sending shares higher. ed: exactly right. investors vote with their...
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Apr 5, 2024
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ed: tesla shares are down 4%, reuters reporting tesla scrapped their plans for a low-cost car. the idea that tesla will commit to his previous strategy of focusing on self-driving robotaxis in the original thesis is they would manage these fleas. eets. ♪ to me, harlem is home. but home is also your body. —last one everyone. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick—and—mortar in new york is not easy. chase ink has supported us from studio 1 to studio 3. when you start small you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card. make more of what's yours. ed: shares of tesla have dropped sharply in the last five minutes. reuters is reporting that tesla has scrapped plans for a lower cost ev. the reuters report says is that tesla wants to focus on building a robotaxi. joining us is craig trudell, for housekeeping, bloomberg is contacting tesla directly and all of our reporting to the tried to work out the validity of this report but
ed: tesla shares are down 4%, reuters reporting tesla scrapped their plans for a low-cost car. the idea that tesla will commit to his previous strategy of focusing on self-driving robotaxis in the original thesis is they would manage these fleas. eets. ♪ to me, harlem is home. but home is also your body. —last one everyone. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick—and—mortar in new york is not easy. chase ink has supported us from...
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Apr 1, 2024
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that was ed ludlow previewing the tesla delivery numbers. tesla shares are off another 1.8% today. coming up, we will look at the next chapter for bridgewater on today's wall street beat. that's 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. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh katie: this is bloomberg markets. it's time for today's wall street beat. we are looking at bridgewater's next chapter as it looks to move past ray dalio's reign. kathy burton is with us. it's been about 18 months for this idea, how's he doing? >> he has a mixed report card. he has tried to make a lot of changes at the firm to improve performance. there has been some perio of good performance including this yeard but last year, they hads one of their biggest losses. it's not entirely clear yet he has figure
that was ed ludlow previewing the tesla delivery numbers. tesla shares are off another 1.8% today. coming up, we will look at the next chapter for bridgewater on today's wall street beat. that's 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. when you automate sales tax with avalara, you don't...
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Apr 29, 2024
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so, china has very much supported tesla when tesla needed it most. we are seeing u.s. companies pull back a bit from china, maybe at least derisk a little. apple did that in india. a similar move. it's clear that musk doesn't see the -- urgency to do that. ed: terrific reporting, thank you so much. another story close to this one, u.s. auto safety regulators investigating the ford a blue cruise assistance driver feature after a pair of fatal crashes involving the technology. the office of defect investigation opened a preliminary evaluation after receiving notice of two suvs that collided with stationary vehicles. we will continue to track that one. caroline: notable. coming up, look, got to turn our attention to another key stock on the move. paramount, announcing its own ceo ousting, potentially, a head of a potential purchase of the business. we will bring you more. this is "bloomberg technology." ♪ ed: talking tactic, the supreme court rejected an appeal from elon musk over the so-called twitter sitter, overseeing social media posts about tesla. without comment t
so, china has very much supported tesla when tesla needed it most. we are seeing u.s. companies pull back a bit from china, maybe at least derisk a little. apple did that in india. a similar move. it's clear that musk doesn't see the -- urgency to do that. ed: terrific reporting, thank you so much. another story close to this one, u.s. auto safety regulators investigating the ford a blue cruise assistance driver feature after a pair of fatal crashes involving the technology. the office of...
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Apr 22, 2024
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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...
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Apr 30, 2024
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it is also a money spinner for tesla. it is estimated by the end of the decade supercharging will be a $3 billion a year business for tesla. for that stuff to slow down, it leaves some question marks over what the plan is for the network, how big it will be and what kind of access it is going to be for ev drivers. not just for tesla drivers but across the whole ev spectrum. haidi: peter vercoe there with the latest on changes for tesla. let's get to banking. the hsbc ceo noel quinn is stepping down in an unexpected move as they try to navigate deteriorating ties between china and the u.s. for more let's bring in russell ward. this came as a shock to a lot of people. what do we know about noel quinn's departure? russell: this was a big surprise , coming during an otherwise relatively uneventful earnings season report. noel quinn said he is going to resign but he will stick around while they choose a new candidate. that process is already underway. it is being led by chairman mark tucker. it is going to be a smooth transiti
it is also a money spinner for tesla. it is estimated by the end of the decade supercharging will be a $3 billion a year business for tesla. for that stuff to slow down, it leaves some question marks over what the plan is for the network, how big it will be and what kind of access it is going to be for ev drivers. not just for tesla drivers but across the whole ev spectrum. haidi: peter vercoe there with the latest on changes for tesla. let's get to banking. the hsbc ceo noel quinn is stepping...
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Apr 29, 2024
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data security, tesla is american. they've been keeping data onshore in shanghai since 2021 or two, so they are complying. coincidentally or not, yesterday afternoon, the chinese administrative automobile manufacturing said the tesla model 3 in the model y past data security reviews done by chinese authorities. so maybe that is one hurdle for tesla. but they see china and india down the road as growth markets for tesla. that is why he is here, meeting his old acquaintance. annabelle: stephen engle there. you can get a roundup of stories to get your day going in daybreak. subscribers can find that on your terminals and it is available on mobile for bloomberg anywhere. customize the industries and assets that matter to you. this is bloomberg. ♪ annabelle: taking a look at major currency pairs, a little movement coming through. watching the yen closely. as we have been discussing, going to 160. which makes the risk of intervention in play. we're continuing to track that. japanese equity markets are shut. we are just see
data security, tesla is american. they've been keeping data onshore in shanghai since 2021 or two, so they are complying. coincidentally or not, yesterday afternoon, the chinese administrative automobile manufacturing said the tesla model 3 in the model y past data security reviews done by chinese authorities. so maybe that is one hurdle for tesla. but they see china and india down the road as growth markets for tesla. that is why he is here, meeting his old acquaintance. annabelle: stephen...
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Apr 2, 2024
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sonali: who doesn't matter for the most beyond tesla -- does it matter for the muscular tesla? ed: bev market story is that we still have great tv sales in most markets. it is decelerating growth. the addressable markets are consumers who want to buy an ev growth of 40,000 u.s. dollars has been and gone. that is what is the fits within that story. higher rates is a big factor. if you look at the vehicles that did well, they were combustion cars that are cheap. ponded very well. tesla is finally gets identity. the next ev is at least a year away. tesla still did what it always does, incentivize consumers in the final days of the quarter. i leased a model y last week because the deals were incredible. tesla than raised prices. still a huge deliveries myth. why was that? the market for that price point is not there. sonali: when we think about tesla and a warning shots, the dribs and drabs of bad news, how does this fall into --? ed: it was a tough quarter for tesla. diverse shipments from the component level and the finished goods level, brandenburg was paused because of a fire a
sonali: who doesn't matter for the most beyond tesla -- does it matter for the muscular tesla? ed: bev market story is that we still have great tv sales in most markets. it is decelerating growth. the addressable markets are consumers who want to buy an ev growth of 40,000 u.s. dollars has been and gone. that is what is the fits within that story. higher rates is a big factor. if you look at the vehicles that did well, they were combustion cars that are cheap. ponded very well. tesla is finally...
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Apr 1, 2024
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tesla offers to anna sedan. and then niche snx and a cyber truck so we need more types of ev's to meet the demand of the average consumer. katie: before i let you go, would tesla ever go for a hybrid? it seems that's where the consumer is now. ed: no, the hybrid has a role in this market but tesla is committed to factory electric technology and the bigger goal of advancing transition to sustainable energy. katie: great to see you in person. rumors say he will be here all week. we are back with nancy tengler. i want to debt i won't ask about tesla but i will ask you about home depot. you look at the stock performance and it's basically in-line with the s&p 500. what are you seeing around that name? >> the housing start members -- numbers were pretty optimistic as well as permits which tend to be a leading indicator. even though this stock shouldn't necessarily trade on new-home sales or housings starts, it does. it's been a pretty poor performer for the last three years and it's picked up recently. the latest tra
tesla offers to anna sedan. and then niche snx and a cyber truck so we need more types of ev's to meet the demand of the average consumer. katie: before i let you go, would tesla ever go for a hybrid? it seems that's where the consumer is now. ed: no, the hybrid has a role in this market but tesla is committed to factory electric technology and the bigger goal of advancing transition to sustainable energy. katie: great to see you in person. rumors say he will be here all week. we are back with...
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Apr 22, 2024
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up next on the program, it is tesla's tipping point. >> this a lot to look forward to in 2024 and tesla is currently between two major growth waves. we are making sure that next growth wave driven by next gen vehicle, self-driving projects is executed as well as possible. jonathan: that conversation up next. live from new york, this is bloomberg. ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. but i couldn't find pilates anywhere. so i started my own studio. and with the right help, i can make this place i love even better. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. ♪ jonathan: 41 minutes away from the opening bell, equities positive by 0.1% on the s&p. 4.63.94. under surveillance this morning is
up next on the program, it is tesla's tipping point. >> this a lot to look forward to in 2024 and tesla is currently between two major growth waves. we are making sure that next growth wave driven by next gen vehicle, self-driving projects is executed as well as possible. jonathan: that conversation up next. live from new york, this is bloomberg. ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from...
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Apr 1, 2024
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tesla is down 2.5%. we are bracing for first quarter deliveries where the expectation is that they will deliver around 457,000 sequentially, a 6% decline. the big one to watch as look how wide the estimates are. the lower end, this could be the first time we could see a drop in delivery growth. the consumer is not interested anymore. domestic competition in china is a lot to discuss. to discuss it, our bloomberg analyst covering vehicle expectations joins us here. this is an important quarter. the first quarter of 2024 summed up the ev story. are you concerned about tesla? >> i'm in the wait and see how tesla does. the market globally is getting more competitive. the number to watch as units number. i can see tesla being pretty flat. ed: that is what they did in the first quarter of 2023. corey: i could see year on year being flat. down to about 410,000. deutsche bank had them at 413,000 deliveries. i would bet on the bearish side for deliveries. in europe, the gigafactory in berlin saw a slowdown due to
tesla is down 2.5%. we are bracing for first quarter deliveries where the expectation is that they will deliver around 457,000 sequentially, a 6% decline. the big one to watch as look how wide the estimates are. the lower end, this could be the first time we could see a drop in delivery growth. the consumer is not interested anymore. domestic competition in china is a lot to discuss. to discuss it, our bloomberg analyst covering vehicle expectations joins us here. this is an important quarter....
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Apr 2, 2024
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lots of factors tesla blamed. production, logistics, the refresh of the model 3, a blackout near a factory in berlin and disruptions in the middle east. if you look at numbers for production, still outpacing deliveries. more than 46,000 vehicles. it is producing more cars than it sold in seven of the past eight quarters. it does not seem to be a production series. paul: does the market buy this? a slight is in between two waves, just a question of how big is the trough between. a lot of market watchers are doing their breath for something new from tesla, may be the model 2. haidi: the wave of chinese supplies just crushing. we talked about weakness in the chinese market at a time when producers -- the huge discounting we see putting pressure on tesla which has increased its prices in china. march shaping up on the other end of the spectrum as strong for chinese ev makers. a slow start to the year because of seasonal holidays, but byd sales jumping 46%. others listed in the u.s. surged in deliveries between 14% and
lots of factors tesla blamed. production, logistics, the refresh of the model 3, a blackout near a factory in berlin and disruptions in the middle east. if you look at numbers for production, still outpacing deliveries. more than 46,000 vehicles. it is producing more cars than it sold in seven of the past eight quarters. it does not seem to be a production series. paul: does the market buy this? a slight is in between two waves, just a question of how big is the trough between. a lot of market...
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Apr 22, 2024
04/24
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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...
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Apr 21, 2024
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never a dull moment at tesla. his biographer described this as elon musk in daemon mode. >> even by elon musk standards it has been a wild week. started off last week and with the announcement they were going to cut 10% of their global workforce, about 14,000 jobs. there are reports the cuts could be even deeper than during the week. we saw him go what he called balls to the wall on the autonomous taxi, which seems to have taken over as the company's priority from $25,000 mass-market cars, which he talked up the last earnings call. only three months ago. investors have been keen to see that move towards a mass-market car to try to fill the hole in tesla's sales that we are seeing. that was the beginning of the week. the rest of the week we saw the company try to revive shareholder votes on the 56 billion dollar pay package for elon musk struck down by a court in delaware in january. they had to recall all the cyber trucks sold in the u.s. for a faulty accelerator pedal that could lead to accidents. on the weekend
never a dull moment at tesla. his biographer described this as elon musk in daemon mode. >> even by elon musk standards it has been a wild week. started off last week and with the announcement they were going to cut 10% of their global workforce, about 14,000 jobs. there are reports the cuts could be even deeper than during the week. we saw him go what he called balls to the wall on the autonomous taxi, which seems to have taken over as the company's priority from $25,000 mass-market...
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Apr 2, 2024
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tesla is the news today. we forecasted we will see decline in q1 for tesla. if you look at they have two models, the y and the s carrying them forward but no big products recently. hopefully with the roadster in 2026 that will help them. new product really drives sales. for tesla they are in the in between wave that they mentioned where they had high-volume products and awaiting to launch this new one that will be more affordable, which the industry really needs. tesla has a lot of work ahead of it. when they have the earnings call it will be important for them to really lay out what the plan is to execute on that. caroline: love how you're going on the demand side of the equation. you focus predominately on the u.s. we talk a lot about some of the competition coming from chinese makers. d.c. shall me -- you see a new ev were on the first day of sales it looks as though bookings are north of 90,000. when you look at the u.s. demand-side how much is the competition an issue forward? was it really the lack of a new product that is the driver here? stephanie: i
tesla is the news today. we forecasted we will see decline in q1 for tesla. if you look at they have two models, the y and the s carrying them forward but no big products recently. hopefully with the roadster in 2026 that will help them. new product really drives sales. for tesla they are in the in between wave that they mentioned where they had high-volume products and awaiting to launch this new one that will be more affordable, which the industry really needs. tesla has a lot of work ahead...
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Apr 2, 2024
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still waiting for numbers from tesla. up next on the program, lowering expectations for tesla. >> all ev makers have had to lower their prices moving back and forth. jonathan: we will catch up with ed ludlow up next on the program. live from new york city this morning, good morning. to me, harlem is home. but home is also your body. —last one everyone. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick—and—mortar in new york is not easy. chase ink has supported us from studio 1 to studio 3. when you start small you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card. make more of what's yours. ♪ jonathan: 42 minutes away from the opening bell in new york city, date two of q2 and it is shaping up as follows. the equity markets are into wake up to what is developing elsewhere. the s&p 500 down by 0.6, we are down one full percentage point on the russell, the small caps lower. here is the
still waiting for numbers from tesla. up next on the program, lowering expectations for tesla. >> all ev makers have had to lower their prices moving back and forth. jonathan: we will catch up with ed ludlow up next on the program. live from new york city this morning, good morning. to me, harlem is home. but home is also your body. —last one everyone. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick—and—mortar in new york is not easy....
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Apr 23, 2024
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when it comes to tesla, the problems continue. overnight we have an exclusive story about the newly formed marketing team part of those companywide layoffs. this was supposed to be to get the message out in advertising. when you saw the inflation reduction act and tax subsidies, a lot of people bought ev's. now the demand is starting to wane. jonathan: we have had problems not just for tesla but apple as well. more bad news for apple. iphone sales in china falling 19% during the march quarter, the worst performance there since covid in 2020. anne-marie: it is losing market share. this is a more important point that they are taking over which raises the question, how do they get a foothold. this is the reason why apple, tesla, they are in a world of their own. they are dealing with the china question in terms of demand but they are dealing with a broader demand question for their products which is why we are seeing this for sure -- fiss ure in big tech earnings. lisa: the most interesting number was huawei and comcast climbed. you
when it comes to tesla, the problems continue. overnight we have an exclusive story about the newly formed marketing team part of those companywide layoffs. this was supposed to be to get the message out in advertising. when you saw the inflation reduction act and tax subsidies, a lot of people bought ev's. now the demand is starting to wane. jonathan: we have had problems not just for tesla but apple as well. more bad news for apple. iphone sales in china falling 19% during the march quarter,...
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Apr 22, 2024
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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...
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Apr 23, 2024
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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...
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Apr 24, 2024
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there was something happening at tesla. we try to put airhead around what tesla could be doing but it didn't make sense. the reality was the exact opposite from the way reuters presented the situation was the initiatives they came across a something that needed to be accelerated and not postponed or canceled. that's what elon musk told him in february. he said we are trying to sell 3 million units per year. at these price points, it's not going to happen. the demand is not large enough for that to happen. we need something like a model that comes in earlier to continue to grow and we plan for capacity for model 3 and model y that is too much because we will never sell 3 million units at that price point. let's take some of the project like the plans we have after the model -- next model generation and let's integrate innovations into the platform in order to be able to penetrate the market asap with less expensive cars. what i see coming through here, let's see how fast it comes in elon musk tends to want things to happen f
there was something happening at tesla. we try to put airhead around what tesla could be doing but it didn't make sense. the reality was the exact opposite from the way reuters presented the situation was the initiatives they came across a something that needed to be accelerated and not postponed or canceled. that's what elon musk told him in february. he said we are trying to sell 3 million units per year. at these price points, it's not going to happen. the demand is not large enough for that...
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Apr 29, 2024
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jonathan: tesla rallying pretty high. ceo elon musk you might have noticed over the weekend making a surprise trip to china. bloomberg reporting the eb maker with part -- will partner with baidu for mapping and navigation, support. driving in the country. the technology does not like the cart autonomous but the software is sold for $99 per month. that stock is up by 8.5, 8.6% this morning. annmarie: at surprise visit being called a homerun but he also seemed to pass this key data security that they would need from beijing. it just goes to show how important china is for him on must. he was supposed to have a sit down in india. that got pushed aside and get his first trip after a bit of struggle is immediately to china. jonathan: a little bit later this morning, look out for that. the yen bouncing off its weakest level and 34 years. dollar-yen falling before rallying back due to a local public holiday. mike mccormick funds us right now to comment officially on the situation. what happened overnight? >> i think it's pretty
jonathan: tesla rallying pretty high. ceo elon musk you might have noticed over the weekend making a surprise trip to china. bloomberg reporting the eb maker with part -- will partner with baidu for mapping and navigation, support. driving in the country. the technology does not like the cart autonomous but the software is sold for $99 per month. that stock is up by 8.5, 8.6% this morning. annmarie: at surprise visit being called a homerun but he also seemed to pass this key data security that...
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Apr 29, 2024
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so, tesla i think see some urgency. you mentioned that software, that autonomous driving software is not fully autonomous, but it is the full self-driving system. it is not make it fully economists, but it is key to tesla's revenue stream at a time when revenue is down. in the united states, they charge $8,000 for that system on new tesla's or a $99 a month subscription. i would assume, it is applied to get approval in the chinese market. however, there are hurdles, there are lots of cameras, data security, and safety concerns. he obviously went to china and he knows the premier, the former communist party chief and shanghai, when he got approval for the tesla plant, the most productive, by the way, for tesla in the world, built on the outskirts of shanghai, and this man here was the one who essentially approve that, so he flew in at 2:00 yesterday afternoon with a quik-trip, met with some other people, and we are hearing from sources, and i don't usually like to report rumors, but we are hearing from some sources that
so, tesla i think see some urgency. you mentioned that software, that autonomous driving software is not fully autonomous, but it is the full self-driving system. it is not make it fully economists, but it is key to tesla's revenue stream at a time when revenue is down. in the united states, they charge $8,000 for that system on new tesla's or a $99 a month subscription. i would assume, it is applied to get approval in the chinese market. however, there are hurdles, there are lots of cameras,...
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Apr 15, 2024
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ed: tesla. it's a big one. i broke the story this morning that the leader a powertrain energy at tesla, one of only four named executive officers, has resigned and left the company. the stock is down 3.3%. we also confirmed elon musk has told staff that 10% of the workforce will be cut in pursuit of cost-reduction productivity and will be given duplicate roles. -- recalling duplicate roles. apple, data showed shipments of about 50 million iphones in the first quarter, down 10% year on year. that is third-party data. it's not just an apple story, with the stock down .8%. it's the story of the chinese domestic smartphone makers having success growing market share in a key market. we will speak to mark, it's complicated, but apple is lower. whether that is a cause or not, who knows. a lot going on around the world. caroline: the iranian attack on israel is what a lot of people are talking about. they intercepted the overwhelming majority of 300 missiles and drones fired by iran. joining us now, ethan. thank you fo
ed: tesla. it's a big one. i broke the story this morning that the leader a powertrain energy at tesla, one of only four named executive officers, has resigned and left the company. the stock is down 3.3%. we also confirmed elon musk has told staff that 10% of the workforce will be cut in pursuit of cost-reduction productivity and will be given duplicate roles. -- recalling duplicate roles. apple, data showed shipments of about 50 million iphones in the first quarter, down 10% year on year....
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Apr 23, 2024
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we will get ready to play tesla bingo. tune in at the end of the show to find out what i'm talking about. bloomberg, name a lot of people watching, a big jump in the shares. adobe, the one-year anniversary since firefly was released. big questions about particularly text to video. we have an interview with an executive. apple is interesting. now higher in the session. we opened lower. basically, trading at the same level on apple we were one year ago. it has been a difficult start to the year. concerns principally about china, third-party data, cap report research shows iphone sales are down 19%. more interesting perhaps is the other data outside of apple showing thomistic handset makers gaining market share -- domestic handset makers gaining market share. apple on with huawei. the data doesn't seem to be worrying anyone right now. big picture ahead of earnings later on next week, apple in focus. let's talk to mark. we stressed third-party data. it is not apple telling us this but there is a bit of concern china is the key
we will get ready to play tesla bingo. tune in at the end of the show to find out what i'm talking about. bloomberg, name a lot of people watching, a big jump in the shares. adobe, the one-year anniversary since firefly was released. big questions about particularly text to video. we have an interview with an executive. apple is interesting. now higher in the session. we opened lower. basically, trading at the same level on apple we were one year ago. it has been a difficult start to the year....
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Apr 23, 2024
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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...
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Apr 24, 2024
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have you build up a stake in tesla? nancy: i don't think he wanted to -- i don't thing you want to chase the stock. it went up to $240 and we sold some and bought some back a little too early. i think what you want to look for is for most of us robotaxis sound crazy. i commute a third of a mile every day and coming and going icy a waymo in scottsdale. "anywhere without seeing they are ubiquitous. being second to that market is not a bad thing. i think elon and the company has been focused on improving that software. the software is slick and about 50% of drivers use it. the adoption rate will increase and the rest of us will come to the party at some point. ed: nancy, great to see you. i want to scratch a bit deeper at that, because it is completely black-and-white for musk. he could not be more clear to investors. if you don't believe in the autonomous driving vision, don't be an investor. what is interesting for institutional professional investors like you, somebody had an affordable ev at the heart of their thesis.
have you build up a stake in tesla? nancy: i don't think he wanted to -- i don't thing you want to chase the stock. it went up to $240 and we sold some and bought some back a little too early. i think what you want to look for is for most of us robotaxis sound crazy. i commute a third of a mile every day and coming and going icy a waymo in scottsdale. "anywhere without seeing they are ubiquitous. being second to that market is not a bad thing. i think elon and the company has been focused...
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Apr 17, 2024
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ed: tesla off .7%. still down for fourth straight session. we talked about the reasons why earlier in the show to stop the below $500 billion now in market cap. i am looking for stories, clear downward direction in the market. tesla is one name that contributes. bitcoin is interesting. during the course of the show we are now down to 6000 u.s. dollars per token on bitcoin a drop of 4% on the session of an asset that there -- trades 24/7. on the bloomberg terminal there with ranting about the real world use case. atm's in latin america becoming mainstay and the industry bracing. lots of people say they are ready. look at technology rates of stocks linked to crypto. they are also seeing downward pressure and we have other pieces of news from that industry too. >> the grayscale investment ceo says the market for u.s. spot get one -- spot bitcoin etf is still relatively new. in an exclusive conversation the ceo spoke about the sec approval of bitcoin etf and the long road to regulatory approval. >> even though they have now been in market for thr
ed: tesla off .7%. still down for fourth straight session. we talked about the reasons why earlier in the show to stop the below $500 billion now in market cap. i am looking for stories, clear downward direction in the market. tesla is one name that contributes. bitcoin is interesting. during the course of the show we are now down to 6000 u.s. dollars per token on bitcoin a drop of 4% on the session of an asset that there -- trades 24/7. on the bloomberg terminal there with ranting about the...
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Apr 2, 2024
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where tesla does a lot of its business. haidi: it is a huge market for tesla. they have increased prices at a time when there is aggressive pricing for michael carmakers. >> we have seen that with byd. byd has gone on an aggressive price cutting around this year. the popular siegel hatch is the equivalent of less than $2000. byd reported march sales were up 46% year on year. it is going from strength to strength. that is making it hard not just for tesla but other ev players in china. then you have new competitors coming in to the chinese market. we saw one come in with its new suv. it is starting around 30,000 u.s. dollars. the model y in china starts it 50,000 u.s. dollars -- starts at 50,000 u.s. dollars. it is a huge gap for tesla to make up. what we have seen in china the last couple of weeks is tesla trimming production at its shanghai factory. does not often happen. by making workers work a shorter week. in the last weeks of march, it flagged a price increase that took effect yesterday. that does seem to be an attempt to try to pump up sales in the dying
where tesla does a lot of its business. haidi: it is a huge market for tesla. they have increased prices at a time when there is aggressive pricing for michael carmakers. >> we have seen that with byd. byd has gone on an aggressive price cutting around this year. the popular siegel hatch is the equivalent of less than $2000. byd reported march sales were up 46% year on year. it is going from strength to strength. that is making it hard not just for tesla but other ev players in china....
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Apr 22, 2024
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>> what is going on at tesla is a great question. it's been a crazy week even by elon musk standards. tesla will cut 10% of their global workforce, 40,000 jobs. they came out in a late night memo last sunday. then this week there was the recall of the cyber truck, all the ones they sold so far had to be recalled to ask a fault. tesla is trying to put the pay package for elon back to shareholders for a vote for approval and then the news about the price cuts commit discounts to self-driving package in america and then the last-minute decision to cancel the trip to india scheduled for this week all is ahead of what is shaping up to be a crucial earnings call tuesday. the numbers are looking pretty bad. we've seen a drop in the first quarter deliveries. investors will be looking for clarity from elon musk about what is happening at tesla and what the strategy is going forward. annabelle: and is it something that is likely to deliver? can he give a level of transparency? >> who knows? he is material at best -- mere great -- he is mercuri
>> what is going on at tesla is a great question. it's been a crazy week even by elon musk standards. tesla will cut 10% of their global workforce, 40,000 jobs. they came out in a late night memo last sunday. then this week there was the recall of the cyber truck, all the ones they sold so far had to be recalled to ask a fault. tesla is trying to put the pay package for elon back to shareholders for a vote for approval and then the news about the price cuts commit discounts to...
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Apr 3, 2024
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peltz will by texel next -- buy tesla next because opportunity is arising for an activist in tesla that looks amazing. the best elon can do is get his butt back to tesla and work on getting the cars out. he has to get cyber truck out, full self-driving working, deal with competition. instead he's tweeting a bunch of garbage. look at the performance of disney versus -- somebody tweeted disney versus tesla over the last six months. disney is the top holding in my fund. our clients have close relationships. they love these companies. sometimes things change and we had to deal with the changes that tesla for the negative and for the positive we are seeing positive changes for disney. it has become a good return investment for our clients. caroline: give us the context on elon musk running tesla, the environment with which he is running at the moment. basically calling out certain individuals, calling them idiots because the eb landscape itself -- ev landscape is contracting . we saw a pullback in terms of deliveries from tesla yesterday. it reclaimed its spot as an m1 provider of ev's globa
peltz will by texel next -- buy tesla next because opportunity is arising for an activist in tesla that looks amazing. the best elon can do is get his butt back to tesla and work on getting the cars out. he has to get cyber truck out, full self-driving working, deal with competition. instead he's tweeting a bunch of garbage. look at the performance of disney versus -- somebody tweeted disney versus tesla over the last six months. disney is the top holding in my fund. our clients have close...
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Apr 29, 2024
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>> it seems like it is all about tesla. this surprise trip. i actually found it particularly catching us off guard. we had been preparing for was a visit by elon musk to india. he was inspected to meet with my minister modi. here is in beijing. he actually met with premier li qiang. working as the top communist official in shanghai when elon musk put together that deal for the tesla gigafactory. request now seems like what elon musk is ultimately trying to accomplish here is making some headway on getting full self driving. it is the semi autonomous driving functionality within tesla cars approved in china. it has obviously been a pretty witty obstacle for tesla to ultimately get over because there is a lot in technology concerns but also national secured concerns. it seems like that is what elon musk is in china trying to clear. the baghdad hurtle toward this tesla technology. >> we hear they are deep in their relationship with baidu. that has one of the leading autonomous driving platforms in china. how significant is that partnership to pus
>> it seems like it is all about tesla. this surprise trip. i actually found it particularly catching us off guard. we had been preparing for was a visit by elon musk to india. he was inspected to meet with my minister modi. here is in beijing. he actually met with premier li qiang. working as the top communist official in shanghai when elon musk put together that deal for the tesla gigafactory. request now seems like what elon musk is ultimately trying to accomplish here is making some...
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Apr 17, 2024
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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...
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Apr 23, 2024
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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...
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Apr 15, 2024
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drew baglino has been at tesla 14 years. what i hear from sources is he resigned and he made the difficult choice to leave tesla behind. sonali: how do you think through what this means for tesla going forward? ed: elon has always procedurally asked teams to focus on shaving cents off every component that goes into a vehicle. we know, according to elon musk's commentary, that tesla is between two waves of growth, the first wave built on model 3, then y, has been and gone. the next wave will be billed on either a lower price point model or robotaxis. remember the volatility in the market. that is the focus. in the memo elon musk sent to staff globally last night, which bloomberg reviewed, that is what he said -- focus on cost production with an eye on growth. with all big roles, there are duplicitous roles. according to the memo, musk would've wanted to cut that out. sonali: ed ludlow, thank you. we will go back to the treasury market, where there is a selloff underway. most u.s. treasury yield down to new highs after that ho
drew baglino has been at tesla 14 years. what i hear from sources is he resigned and he made the difficult choice to leave tesla behind. sonali: how do you think through what this means for tesla going forward? ed: elon has always procedurally asked teams to focus on shaving cents off every component that goes into a vehicle. we know, according to elon musk's commentary, that tesla is between two waves of growth, the first wave built on model 3, then y, has been and gone. the next wave will be...
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Apr 22, 2024
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i understand you have some exposure to tesla. have you felt the market has priced in some of the worst for a businesslike tesla? >> i think broadly speaking there is still some downside specifically because some stocks have been driven by momentum. it has been a pretty big decline we have seen in tesla. clarity is not there. broadly speaking from the magnificent seven, this earnings season, they have a lot to prove. valuations are very elevated. if we do not see this come through from an earnings perspective, i think there is more downside and more of a correction. caroline: what i love about your analysis is how deep you go on how powerful and encompassing those magnificent seven players have been. five of the seven have expected to be the top five contributors to year-on-year earnings growth for the s&p. if they do not give us what we need, earnings more broadly will fall across the s&p. >> it will definitely be weaker than the anticipation right now. the anticipation is only for about .5% earnings growth. there's a lot riding
i understand you have some exposure to tesla. have you felt the market has priced in some of the worst for a businesslike tesla? >> i think broadly speaking there is still some downside specifically because some stocks have been driven by momentum. it has been a pretty big decline we have seen in tesla. clarity is not there. broadly speaking from the magnificent seven, this earnings season, they have a lot to prove. valuations are very elevated. if we do not see this come through from an...
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Apr 30, 2024
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tesla is a foreign entities. to be able to collect data and to do what it does in the u.s., it needs a local partner. in this case, it is baidu. it can't be anyone. baidu will be scoring other data on the road and supervising the data usage. before the data gets returned to tesla or for foreign computing. what we do not know, and which is critical to this puzzle, is how the data will be computed. onshore or offshore, using what capability. that's the critical sort of peace that's missing. the market just runs ahead of itself. caroline: it's such an interesting point. to the question on partnership, my study of the chinese autonomous driving landscape, baidu has its own ambitions for autonomous driving. tesla could have gone with anyone, as you point out. why do you think they went with baidu as opposed to another robotaxi company? junheng: it could be anyone. baidu is just the gate keeper on the behalf of the government. what is also unknown is if the kickoff of this fsp program in china, whether it is broadly ap
tesla is a foreign entities. to be able to collect data and to do what it does in the u.s., it needs a local partner. in this case, it is baidu. it can't be anyone. baidu will be scoring other data on the road and supervising the data usage. before the data gets returned to tesla or for foreign computing. what we do not know, and which is critical to this puzzle, is how the data will be computed. onshore or offshore, using what capability. that's the critical sort of peace that's missing. the...
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Apr 3, 2024
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lisa: i am curious about whether your bullish call for tesla is hinged on the idea that tesla is not ultimately a car company but it's more tied to's the batteries and other products that are fueling some optimism that its valuation can still be justified. >> it's a very good question. you look at the factory of tesla new analyze it and you look at the economics and its business model. the economics of the tesla factory [indiscernible] it's very efficient and you see a lot of high-speed innovation. we think tesla can grow much faster than the traditional car market because it's basically replacing the smartphone. tesla is like driving on a battery and that's very different driving experience and it could replace tradition cars. it's not a car company in that way. unfortunately now, the way we humans look at the car market is when we look at tesla and buying a car is a very big decision. it has always been very volatile on short cycles. the car industry as a distribution model that absorbs these shocking valuations. tesla does not have that. it's a tough wake-up call and it's a tough
lisa: i am curious about whether your bullish call for tesla is hinged on the idea that tesla is not ultimately a car company but it's more tied to's the batteries and other products that are fueling some optimism that its valuation can still be justified. >> it's a very good question. you look at the factory of tesla new analyze it and you look at the economics and its business model. the economics of the tesla factory [indiscernible] it's very efficient and you see a lot of high-speed...
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Apr 3, 2024
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one of tesla's problem is tesla has not put out a new model in a number of years. they are relying upon models are out almost five years ago. they have invested enormous amounts of corporate attention and resources into the cyber truck, a very niche product. they ar -- they're cheap sedan which is coming still projected to be a few years away. it's a big issue for tesla and the rest of the market. sonali: i want to draw on your government expertise. you have been at the department of energy for a while. when you think about the administration's plans when it comes to electric vehicles how important is that for them to step in in this way? how much can those charging stations still demand? -- stoke demand? david s.: government plays an important role here. there are three major markets for electric vehicles now around the world. in europe, the united states, and china. we have seen governments playing roles in all three of those geographies. government has incentives but also it plays a critical role in the infrastructure of element. david: china has made a priority
one of tesla's problem is tesla has not put out a new model in a number of years. they are relying upon models are out almost five years ago. they have invested enormous amounts of corporate attention and resources into the cyber truck, a very niche product. they ar -- they're cheap sedan which is coming still projected to be a few years away. it's a big issue for tesla and the rest of the market. sonali: i want to draw on your government expertise. you have been at the department of energy for...
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Apr 29, 2024
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tesla is up by almost 10%. they were the winners of tentative approval for their driving system in china. we saw sofi, down by 9%, because the second quarter guidance fell short of estimates. we also watched what hedge funds are doing. last week was an interesting week for them buying and selling. we saw that hedge funds kept buying u.s. stocks for a second straight week at the largest and fastest pace in five months. tech stocks, that is where we saw the biggest activity. they are now bought at the highest and fastest pace since december of 2022 and of course we saw a lot of buying in different subsets. semi conductors that is where we saw the biggest activity in the sectors purchased by hedge funds like health care in real estate. these staples, this sector was the most net short. katie: natalia, thank you so much, really appreciate it. coming up, making museums hit to gen z. we speak to tony james at the mesh follow seema varna board of trustees co-chair, next. this is bloomberg. ♪ katie: time now for our
tesla is up by almost 10%. they were the winners of tentative approval for their driving system in china. we saw sofi, down by 9%, because the second quarter guidance fell short of estimates. we also watched what hedge funds are doing. last week was an interesting week for them buying and selling. we saw that hedge funds kept buying u.s. stocks for a second straight week at the largest and fastest pace in five months. tech stocks, that is where we saw the biggest activity. they are now bought...