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Apr 16, 2024
04/24
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on its website, tesla says safety is the most important part of every tesla. we design our vehicles to exceed safety standards. they should have done the right thing for so many times, for so many years, and they didn't. it'll now be up to the california courts to decide the next chapter for christina, who's currently in remission from her cancer. but there's no court date set yet. tesla is cutting thousands ofjobs — around 10% of its global workforce — as demand slows. billionaire owner elon musk said the decision was difficult, but "must be done." the world's largest automobile maker by market value is facing stiff competition from chinese ev makers. china will unveil its growth figures for the january to march quarter in the coming hours. retail sales and industrial production figures for march are also expected. there's been some optimism that the world's second largest economy is back on track. but there are still multiple headwinds — that's according to harry murphy cruise from moody's analytics. china is in this mismatch at the moment. parts doing
on its website, tesla says safety is the most important part of every tesla. we design our vehicles to exceed safety standards. they should have done the right thing for so many times, for so many years, and they didn't. it'll now be up to the california courts to decide the next chapter for christina, who's currently in remission from her cancer. but there's no court date set yet. tesla is cutting thousands ofjobs — around 10% of its global workforce — as demand slows. billionaire owner...
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and i'm on its own soldiers. 11 most car company tesla has issued a recall for all of its cyber truck electric pickup trucks because of its accelerator pedal, which can get stuck down. cyber truck owners reported that the pad covering the salary or pedal could come loose and get trapped by the vehicles trim that causes the truck to accelerate unintentionally raising the risk of a crash. cyber truck is mostly just brainchild. being released just 5 months ago after repeated the ways go well for more in this i'm now joined in the studio by dw reporter dorman. so ben, this sounds like a pretty serious issue. what exactly is behind it? well, according to it has the, it all comes down to so, so what's been happening is that employees working in factories making this truck have been using. so as lubricants to kind of get this pedal pad jammed on when they shouldn't be. and the reason they shouldn't be successively be leading behind a soapy residue and is that residents causing this path to slip. all 6 others are entirely was get stuck just causing these problems and you have to bear in mind
and i'm on its own soldiers. 11 most car company tesla has issued a recall for all of its cyber truck electric pickup trucks because of its accelerator pedal, which can get stuck down. cyber truck owners reported that the pad covering the salary or pedal could come loose and get trapped by the vehicles trim that causes the truck to accelerate unintentionally raising the risk of a crash. cyber truck is mostly just brainchild. being released just 5 months ago after repeated the ways go well for...
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Apr 3, 2024
04/24
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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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now, tesla is i came to point out that if you slam on the brakes and the same time is this problem. if you will stop the engine, it'll be okay. however, clearly the noise is very serious issue because as you said, they were cooling. absolutely. everyone of these trucks that rolled up the production line since november, the st. the customers, you gotta bring it back. we need to fix this for the sounds like an incredibly low tech problem and a low tech solution for one of the biggest tech companies in the world. and this isn't the 1st problem that's confronted the science truck. is that? no, i mean this truck has had a very troubled history from the get go. it's being freedom from the prototype stage. people have been saying this simply this outlined, this new looking vehicle is not really up to snuff. i mean, take those scrutiny is focused on it's heavy steel body cycle, excess guides and design that lots of critics same probably makes it much more unsafe. other road users who are involved in accidents with the truck fashion has of course claims that is absolutely safe. but i mean, t
now, tesla is i came to point out that if you slam on the brakes and the same time is this problem. if you will stop the engine, it'll be okay. however, clearly the noise is very serious issue because as you said, they were cooling. absolutely. everyone of these trucks that rolled up the production line since november, the st. the customers, you gotta bring it back. we need to fix this for the sounds like an incredibly low tech problem and a low tech solution for one of the biggest tech...
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Apr 30, 2024
04/24
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tesla helped fuel a strong day for u.s. markets with all three major indices up today. >>> tesla has also announced it will allow other vehicles to use its charging network in california. max darrow spoke to one long time owner about why it could be a game changer. >> this is our electric vehicle association booth. >> reporter: this was jerry pahorski's pov showing off the numerous evs on display at cupertino's recent earth day celebrations. some teslas and -- >> and there's my 2002 rav4 ev. >> reporter: yup, you heard that right, a 2002 ev. so he's had some skin in the ev game longer than most people. >> well, i'm kind of an environmental nut, i guess. >> reporter: between more californians switching to evs by the week and car manufacturers releasing more ev options, things are changing substantially. >> these are increasing demand for charging and the supply has to match that. right now they're behind. i think there's a shortage of chargers. >> reporter: he was thrilled when he heard about a public/private partnership dev
tesla helped fuel a strong day for u.s. markets with all three major indices up today. >>> tesla has also announced it will allow other vehicles to use its charging network in california. max darrow spoke to one long time owner about why it could be a game changer. >> this is our electric vehicle association booth. >> reporter: this was jerry pahorski's pov showing off the numerous evs on display at cupertino's recent earth day celebrations. some teslas and -- >> and...
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Apr 21, 2024
04/24
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and tesla has announced _ vietnam, costa rica. and tesla has announced plans _ vietnam, costa rica. and tesla has announced plans to - vietnam, costa rica. and tesla has announced plans to set - vietnam, costa rica. and tesla has announced plans to set up| has announced plans to set up in mexico too, will be in the country replaces china as the us parts was main trading partner. a significant change in summer caution of the wider geopolitical struggle. the united states _ geopolitical struggle. the united states is - geopolitical struggle. tie: united states is having problems with this in mexico does not have the current administration, we are willing to deal with this triangular relationship.— to deal with this triangular relationshi. ., , relationship. cross war between surnerpowers — relationship. cross war between superpowers but _ relationship. cross war between superpowers but mexico - relationship. cross war between superpowers but mexico must l relationship. cross war between l superpowers but mexico must be pragmatic if he wants to reap the long—term benefits of this
and tesla has announced _ vietnam, costa rica. and tesla has announced plans _ vietnam, costa rica. and tesla has announced plans to - vietnam, costa rica. and tesla has announced plans to set - vietnam, costa rica. and tesla has announced plans to set up| has announced plans to set up in mexico too, will be in the country replaces china as the us parts was main trading partner. a significant change in summer caution of the wider geopolitical struggle. the united states _ geopolitical struggle....
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Apr 23, 2024
04/24
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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
04/24
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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
04/24
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then we have tesla. it is on slate to report its global first quarter numbers this weith the number of report of slowing sales and high interest rates. the consensus is for 457,000 deliveries in the period which could be the rip the band-aid quarter. that is according to dan ives. he had great turns of phrase. arjun, we have seen a number come out and cut share prices for tesla as well. it is not a smooth ride. >> it is a cnumber of factors facing tesla. the prices in the ev market which is sparked by tesla at the end of 2022. you are seeing the chinese players aggressively cutting prices. tesla margins are under pressure. teslas have high margins and done well. those are also under pressure. now you have increased competition. xiaomi and they priced that at $4,000 less than tesla's model 3. then the broader demand story. you look at tesla and china is the huge chunk of the deliveries. there is an issue with thecompe. all of that is hitting tesla and they are behind the price cuts. >> let's bring in the
then we have tesla. it is on slate to report its global first quarter numbers this weith the number of report of slowing sales and high interest rates. the consensus is for 457,000 deliveries in the period which could be the rip the band-aid quarter. that is according to dan ives. he had great turns of phrase. arjun, we have seen a number come out and cut share prices for tesla as well. it is not a smooth ride. >> it is a cnumber of factors facing tesla. the prices in the ev market which...
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Apr 22, 2024
04/24
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look at tesla shares. they are down 3.3% right now on news that they are cutting prices of the best selling vehicles in the u.s. and in china. keep in mind, tesla shares are down 40% year to date. the company's faced a lot of pressure with the missing deliver numbers and that price war in china. facing pressure from companies like byd in the chinese market. a lot of questions of the future of tesla. investors answering that it is a car company. shares falling sharply right now on the price cut news. falling year to date on the fact they missed deliveries and other issues when it comes to demand. tesla shares down 3.3%. >>> coming up on the show, we will talk to you much more about what's going on. the u.s. house approves billions in aid in a rare saturday session. we will have the latest from washington coming up next. norman, bad news... i never graduated from med school. what? but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the
look at tesla shares. they are down 3.3% right now on news that they are cutting prices of the best selling vehicles in the u.s. and in china. keep in mind, tesla shares are down 40% year to date. the company's faced a lot of pressure with the missing deliver numbers and that price war in china. facing pressure from companies like byd in the chinese market. a lot of questions of the future of tesla. investors answering that it is a car company. shares falling sharply right now on the price cut...
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Apr 23, 2024
04/24
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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
04/24
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tesla is finding >>> tesla has laid off 27 employees in the bay area. that includes more than 2200 jobs in fremont and palo alto layouts will begin june 14. this comes as rising competition and electric vehicle markets sent tesla's first quarter profit plunging 55%. >> a year ago, they were extremely high. we were seeing sales rising by double-digit numbers year over year. that was very encouraging to companies like tesla whose entire lineup is made up of electric vehicles. they have nothing else to fall back on. now, we are starting to see some of the sales growth for. >> tesla has announced aggressive price cuts because of the slump in sales. the tesla model y, x will now sell for $2000 less. elon musk says the model y will cost after a federal rebate and gas savings. >>> millions of salaried employees will be eligible for overtime pay. the biden administration now said starting july 1, certain salaried workers who make less than $44,000 a year will be entitled to overtime pay. in 2025, that cap will rise to more than $58,000. new rules expand the eli
tesla is finding >>> tesla has laid off 27 employees in the bay area. that includes more than 2200 jobs in fremont and palo alto layouts will begin june 14. this comes as rising competition and electric vehicle markets sent tesla's first quarter profit plunging 55%. >> a year ago, they were extremely high. we were seeing sales rising by double-digit numbers year over year. that was very encouraging to companies like tesla whose entire lineup is made up of electric vehicles. they...
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Apr 23, 2024
04/24
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we will stick with tesla. investors are preparing for the earnings after the bell today as the company is facing pressure with the stock falling. the chart right there and the stock is at the lowest level since january of last year. down 50% the last two years. the stock down 40% this year. second worst performing in the s&p 500 with concerns of price cuts and product issues continue to mount. phil lebeau has more on what to watch with the results. >> reporter: when tesla reports after the bell today, the street is focused less on the specific number and more on the specispecific outlook for the robotaxi. they are expected to show a lower gross margin as well as a drop in operating profit. what is the guidance for the second quarter and the rest of the year and specifically what is the plan for rolling out the small car and robotaxi? tesla's full self-driving technology allows the driver to take the hands off the wheel, but it is a long way from autonomous driving. elon musk said tesla must change frequently a
we will stick with tesla. investors are preparing for the earnings after the bell today as the company is facing pressure with the stock falling. the chart right there and the stock is at the lowest level since january of last year. down 50% the last two years. the stock down 40% this year. second worst performing in the s&p 500 with concerns of price cuts and product issues continue to mount. phil lebeau has more on what to watch with the results. >> reporter: when tesla reports...
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Apr 24, 2024
04/24
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tesla shares have also plummeted more than 30%. tesla has a plan to get people to buy it's cars. it's cut the prices on three of its models and also -- the company also announced today an initiative to produce more affordable cars by 2025. tesla stock is up 13% in after- hours trading. overall, stocks finish tire for the second day in a row. dow jones climb 263 points, the nasdaq gained 245. the s&p end of the day up 59 points. mother big wins, spotify surged 11%. >>> we are hearing from princess kate again , but this time in form of a happy birthday shut out, prince louis. >> the couple posted this picture on x. the captain said happy six birthday, prince louis, and they gave the credit to kate middleton. the first personal photo the account has uploaded since march. that is when kate shared she is undergoing treatment since -- >> happy birthday. he looks just like prince george. the forget, you can watch our newscast 24 seven on roku. >>> here's what we are working on. getting through those -- may take you longer if a new
tesla shares have also plummeted more than 30%. tesla has a plan to get people to buy it's cars. it's cut the prices on three of its models and also -- the company also announced today an initiative to produce more affordable cars by 2025. tesla stock is up 13% in after- hours trading. overall, stocks finish tire for the second day in a row. dow jones climb 263 points, the nasdaq gained 245. the s&p end of the day up 59 points. mother big wins, spotify surged 11%. >>> we are...
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Apr 24, 2024
04/24
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. >>> a big boost coming thanks to tesla. shares firing on all cylinders ahead of the opening despite reporting its biggest drop in q1 revenue in more than a decade. we are going to dig into those results. >>> heading to the president's desk the senate signing off to sell the popular app, setting the stage for a big legal fight. plus this week's earnings parade meta takes the big tech baton. we're going to look at the key metrics you need to watch. boeing expected to report in just over two hours as the aerospace giant continues to face a bumpy road ahead around production issues and succession questions. it's wednesday, april 24th, 2024 and you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning welcome to "worldwide exchange." we're coming to you live from cnbc london. thanks so much for being here with us. let's get you ready for the trading addai head we check on the tech stock futures with the s&p and nasdaq. the s&p has seen its best day since february the douceting its streak to four straight days.
. >>> a big boost coming thanks to tesla. shares firing on all cylinders ahead of the opening despite reporting its biggest drop in q1 revenue in more than a decade. we are going to dig into those results. >>> heading to the president's desk the senate signing off to sell the popular app, setting the stage for a big legal fight. plus this week's earnings parade meta takes the big tech baton. we're going to look at the key metrics you need to watch. boeing expected to report in...
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Apr 22, 2024
04/24
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>> on tesla. >> yes. >> tesla is still the most valuable car company. if it drops another few dollars, it would put toyota. >> it has been written now. "do interest rates matter" now? >> yes. >> we will see. >> they he have been down. >> what did jamie dimon say? 8%? >> he has been spot on. he has been consistent. >> he has. that seems like it would be significant. >>> news from washington. on saturday, the house passing the series of bills to provide aid to israel, ukraine and taiwan along with the bill that would force china's bytedance's tiktok. emily wilkins has more with us. do you clock in on saturday? >> reporter: you have to be paying attention. you have to stay on top of it. it was a working weekend for congress. you are not alone. the house passed that $95 billion foreign aid bill for ukraine, israel and indopacific and attached to that had a couple of things. most importantly, it could lead to tiktok being banned in the u.s. if they don't divest from parent company bytedance. they could finalize the bill on tuesday. the house has approved the
>> on tesla. >> yes. >> tesla is still the most valuable car company. if it drops another few dollars, it would put toyota. >> it has been written now. "do interest rates matter" now? >> yes. >> we will see. >> they he have been down. >> what did jamie dimon say? 8%? >> he has been spot on. he has been consistent. >> he has. that seems like it would be significant. >>> news from washington. on saturday, the house...
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Apr 22, 2024
04/24
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tesla will report quarterly results later this week. speaking of elon musk, the union has postponed his upcoming trip to india where he was due to meet the prime minister. he cited his obligations at tesla is cause for the delay but noted he is looking forward to visiting the country later this year. that is a story we will follow closely here and in the meantime i will see you again at the same time tomorrow. hello and welcome to sportsday. i'm lizzie greenwood—hughes. the headlines tonight: manchester united survive one of the greatest fa cup comebacks ever. jude bellingham scores a late winner for real madrid in a classic el classico. and it's a world record—breaking london marathon for kenya's peres jepchirchir. also coming up on sportsday: find out why kaspar ruud takes a dip, fully clothed in barcelona. lots of sport for you we're starting with an extraordinary game of football at wembley stadium today where manchester united survived one of the greatest fa cup comebacks to reach the final. they beat the championship side, cov
tesla will report quarterly results later this week. speaking of elon musk, the union has postponed his upcoming trip to india where he was due to meet the prime minister. he cited his obligations at tesla is cause for the delay but noted he is looking forward to visiting the country later this year. that is a story we will follow closely here and in the meantime i will see you again at the same time tomorrow. hello and welcome to sportsday. i'm lizzie greenwood—hughes. the headlines tonight:...
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Apr 15, 2024
04/24
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tesla is laying off workers. tech recorder scott budman will be joining us with the new numbers and the impact to the industry. you mentioned earlier, this tax day, if you haven't filed, we got you covered. we have tips for you last minute filers. we want to know, what training story would you like to see later on in this newscast? i have a pull up now on my instagram. you still have a few more minutes to vote if you haven't already. vote for one of these, do americans get enough sleep? who beat apple for tophone? p >>> it is a bombshell announcement from tesla, the silicon valley company plans to cut 10% of its workforce and it's one of dozens of tech companies reporting layoffs recently. live from tesla's tremont factory is scott budman. scott, this is a sizable layoff. >> reporter: it really is audrey. 10% would be about 14,000 employees of tesla, and this is a company that has regularly grown and sold a ton of electric cars, but lately it has stumbled on tough times. a combination of lots of competition from
tesla is laying off workers. tech recorder scott budman will be joining us with the new numbers and the impact to the industry. you mentioned earlier, this tax day, if you haven't filed, we got you covered. we have tips for you last minute filers. we want to know, what training story would you like to see later on in this newscast? i have a pull up now on my instagram. you still have a few more minutes to vote if you haven't already. vote for one of these, do americans get enough sleep? who...
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Apr 21, 2024
04/24
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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 29, 2024
04/24
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is opening its fast chargers to non tesla vehicles. california officials call it a game changer, according to newsom's ossoff california were a country it would rank 4th and e be sales behind china, the us and germany. searching for a pretty penny. next we'll tell you about the scavenger hunt happening right ♪you're the one that i want!♪ nexgard® plus helps you protect your dog from fleas, ticks, heartworm disease and more... all in one delicious, monthly soft chew. use with caution in dogs with a history of seizures or neurologic disorders. nexgard® plus. the one you want for one-and-done protection. >nicole>there is a hunt underway on the streets of san francisco. a treasure hunt that is and the treasure is worth thousands of dollars so anyone can join. but you better hurry. some of these coins here have already been found the owner of witter coin shop hit 11 rare coins around the city, posting clues about where to find the coins worth up to $2500. the goal is to get people interested in coin collecting. alex stack is 1 lucky p
is opening its fast chargers to non tesla vehicles. california officials call it a game changer, according to newsom's ossoff california were a country it would rank 4th and e be sales behind china, the us and germany. searching for a pretty penny. next we'll tell you about the scavenger hunt happening right ♪you're the one that i want!♪ nexgard® plus helps you protect your dog from fleas, ticks, heartworm disease and more... all in one delicious, monthly soft chew. use with caution in...
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Apr 2, 2024
04/24
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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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he's worked with all major call companies. tesla has seduced a lot of disrupt this moment. but test us defining sustainability by far on the un under conjunction of the few more of this. so they say electrification is the major driver that's clear. but the next step to reduce the carbon footprint of tamika itself. i think they are the german or it ends up as far as test, the whole maybe informed the high flyers of event. it seemed like the chinese market lead a, b, y, d. also less careful when it comes to sustainability then b, m, w. and i think the sustainability aspect is not that i'm in, in, in, in china. there's, it's not that top topic, not only drumming to europe itself, is probably the region in the road. but it comes from us and the companies pay most attention inherently out of a home drive to sustainability. sonya cation understands the automotive scene from various perspective. he led bmw, use market entry in china, and as list for both european and asian comic is. what do you particularly like about here? it is a tradition that began back in 1973 when ferry push
he's worked with all major call companies. tesla has seduced a lot of disrupt this moment. but test us defining sustainability by far on the un under conjunction of the few more of this. so they say electrification is the major driver that's clear. but the next step to reduce the carbon footprint of tamika itself. i think they are the german or it ends up as far as test, the whole maybe informed the high flyers of event. it seemed like the chinese market lead a, b, y, d. also less careful when...
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Apr 22, 2024
04/24
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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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quick look at a tesla, please. the stock this morning, the market is open and the stock is down is 111 cents, $-- 11 cents. steve wesley is a former tesla board member. steve, or why do you think that tesla's stock is going up from here? make your case, please. >> well, look, i think the world is bullish about evs. there's no doubt about it, tesla had a dismal if quarter, but with we all know why. deliveries dropped from 484,000 q1 last year to 386,000 this year, first time in four years tesla's numbers have dropped. they've got serious work to do. but here's why: china shut down their, they shut down their shanghai plant for two weeks. europe had supply chain issues getting things through the suez canal if because of the middle east conflict. germany, there was arson. these are one-off a events. and fremont, one of the largest facilities, did a plant shutdown to upgrade the mold 3. that's unlikely to be repeated next quarter and later in the if year. the cyber or truck's been a flop, and the $25,000 car is late. l
quick look at a tesla, please. the stock this morning, the market is open and the stock is down is 111 cents, $-- 11 cents. steve wesley is a former tesla board member. steve, or why do you think that tesla's stock is going up from here? make your case, please. >> well, look, i think the world is bullish about evs. there's no doubt about it, tesla had a dismal if quarter, but with we all know why. deliveries dropped from 484,000 q1 last year to 386,000 this year, first time in four years...
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Apr 30, 2024
04/24
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RUSSIA24
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keep in mind, tesla is in trouble right now. the company just experienced its first quarterly revenue decline since... 2020. in addition, the company's share of the electric vehicle sales market in china is declining. tesla is musk's beloved but hard-fought brainchild. in 2022 alone, he lost a record $200 billion when its shares fell. and at the beginning of this year , the loss amounted to 27 billion, according to the bloomberg index. not least because of the march arson at the tesla plant near berlin. amid the crisis, musk had to reduce the cost of cars and fire 10% of his employees. these are the media data from the words personnel. as elon musk states, the money saved will be used to release a new tesla model for the launch of robotaxi, scheduled for august 8, as this is a lucky number for the chinese. when several million cars suddenly switch from manual to automatic, it will be the largest increase in the value of a single asset in history. typically, cars are used on average 10-12 hours a week, and we see only parked cars
keep in mind, tesla is in trouble right now. the company just experienced its first quarterly revenue decline since... 2020. in addition, the company's share of the electric vehicle sales market in china is declining. tesla is musk's beloved but hard-fought brainchild. in 2022 alone, he lost a record $200 billion when its shares fell. and at the beginning of this year , the loss amounted to 27 billion, according to the bloomberg index. not least because of the march arson at the tesla plant...
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Apr 24, 2024
04/24
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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 29, 2024
04/24
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FBC
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means tesla can take the next step in rolling out full self driving in china. we have a full report coming up. no such welcome back in the u.s. for chinese own tiktok. president biden has signed into law the bipartisan bill to ban the social media site unless it divests to a u.s. owner. as. bytedance to battle the order in court, coming up senator mark warner in virginia that sounded the alarm that poses a national security threat joins us live on what is next. what happens to the millions of users who have sprouted businesses on tiktok and what senator warner sees as the biggest danger to americans. we have a lot going on, by the way did we mention the federal reserve interest rate meeting in the april jobs report, the nasdaq has turned negative, so is s&p let's get right to the floor show. wealth chief market strategist kenny polcari and chris over back. first of all, the biggest week of earnings, the markets, just a few minutes ago were all in the green. we have two of the mag seven which was left for you to belong in the mag seven, apple and tesla topping t
means tesla can take the next step in rolling out full self driving in china. we have a full report coming up. no such welcome back in the u.s. for chinese own tiktok. president biden has signed into law the bipartisan bill to ban the social media site unless it divests to a u.s. owner. as. bytedance to battle the order in court, coming up senator mark warner in virginia that sounded the alarm that poses a national security threat joins us live on what is next. what happens to the millions of...
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Apr 24, 2024
04/24
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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 22, 2024
04/24
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CNBC
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it will be a tough year for tesla. it is not getting better right now. >> it is not getting better right now. that speaks to the price target of $85 which is a 40% decline. you are sending mixed signals. they are making the cars more attractive. the issue may be margin. this is a company that a lot of people say is an a.i. play and the money is made in the robotaxi and other things down the line. >> bulls on the stock look at the a.i. and they look at robotics. the whole thing of the robotaxi, we will not get a robotaxi on 8/81, but a cyber taxi. it may have fsd in it, but not level 4.5. it will not take you to the grocery store or bring you to grandma's while you play video games in the backseat. rob robotics, boston dynamics crushes tesla. elon musk was making fun of their rowbotics last week. tesla needs to focus on selling cars. >> it is a car company, not a software company that makes cars. you say it is firmly a car company. i want to get to other headlines. laying off 10% of the work force last week and shares d
it will be a tough year for tesla. it is not getting better right now. >> it is not getting better right now. that speaks to the price target of $85 which is a 40% decline. you are sending mixed signals. they are making the cars more attractive. the issue may be margin. this is a company that a lot of people say is an a.i. play and the money is made in the robotaxi and other things down the line. >> bulls on the stock look at the a.i. and they look at robotics. the whole thing of...
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Apr 22, 2024
04/24
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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 28, 2024
04/24
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i think a lot of investors in america would really like to see musk and tesla focus on new tesla models, more affordable models coming out. but a lot of people believe that he�*s kind of become a little bored with the card game and is really focused on autonomy and artificial intelligence and unlocking the key to self—driving. and that�*s really what he�*s trying to do here. as for how china sees it, who knows? i mean, i think that given how they�*ve rolled out the red carpet for him for this visit, i think it�*s possible they will reach some sort of agreement that will allow him to meet what he�*s after here in china. and tell us a bit about the challenges that tesla is facing in china. i mean, they have ambitions of their own eve makers i mean, they have ambitions of their own ev makers like byd among others. sure thing. first and foremost, on tesla�*s most recent earnings call, musk was adamant that he sees the future of that company is robotaxis, its full self—driving, its autonomy. i think that he�*s kind of down on the idea that cars should have steering wheels
i think a lot of investors in america would really like to see musk and tesla focus on new tesla models, more affordable models coming out. but a lot of people believe that he�*s kind of become a little bored with the card game and is really focused on autonomy and artificial intelligence and unlocking the key to self—driving. and that�*s really what he�*s trying to do here. as for how china sees it, who knows? i mean, i think that given how they�*ve rolled out the red carpet for him...
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Apr 23, 2024
04/24
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. >>> tesla is under fire. ahead on nbc bay area, we'll show you the timeline of events that make investors nervous. >>> with spring in the air, and spring cleaning and saying good riddance to some of the unwanted junk. the bay area company trying to make sure the trash ends up nowhere near our landfills. >>> and summer is not yet -- school is not yet out for the summer. but we're already thinking ahead. here at nbc bay area and telemundo 48 we're trying to help families who can't afford back-to-school basics. we're collecting backpacks and other school supplies. we've made it easy for you to help. nbcbayarea.com/donate to our schools. you can drop them off in person thursday from 2:00 to 6:00 at town and country village in palo alto. >>> elon musk's x platform is launching a dedicated app for smart tv sets. the app won't have ads, for now. that's the caveat. x didn't reveal a date for the platform's release, but says it will be coming soon to smart tvs. a lot of people are comments that the platform looks simi
. >>> tesla is under fire. ahead on nbc bay area, we'll show you the timeline of events that make investors nervous. >>> with spring in the air, and spring cleaning and saying good riddance to some of the unwanted junk. the bay area company trying to make sure the trash ends up nowhere near our landfills. >>> and summer is not yet -- school is not yet out for the summer. but we're already thinking ahead. here at nbc bay area and telemundo 48 we're trying to help...
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Apr 24, 2024
04/24
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FBC
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stuart: tesla's stock zooms. elon musk gave the outlook, and that's what investors were waiting for. he pointed the way for tesla to speed up the production of lower priced cars. that, he thinks, will bring in far more ev buyers. he's also all in on robotaxis. investors seemed to like the idea of kind of transforming the company. the stock is up 11%. that is huge. overall, stocks adding to some of the gains there from tuesday. the dow, though, down 65, s&p up 3. the nasdaq doing well thanks to tesla, that's up 86 points. interest rates pretty much in check. the 10-year treasury is just above, well, no, it's moving higher now, 4.65%. maybe that that's why some stocks are coming down just a little from their highs. the 2-year, it was well below 5%, it still is, 4.95% there. little movement on bitcoin. what happened to the halving event? bitcoin's been stuck around $66,000 for days. no are recovery for gold. it had hit well above $2400 last week with, now it's $2335 and and now $-- down $6. oil $83.20 right now. gas
stuart: tesla's stock zooms. elon musk gave the outlook, and that's what investors were waiting for. he pointed the way for tesla to speed up the production of lower priced cars. that, he thinks, will bring in far more ev buyers. he's also all in on robotaxis. investors seemed to like the idea of kind of transforming the company. the stock is up 11%. that is huge. overall, stocks adding to some of the gains there from tuesday. the dow, though, down 65, s&p up 3. the nasdaq doing well thanks...
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Apr 16, 2024
04/24
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KPIX
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according to cnbc, tesla had 140,000 employees as of december. that would mean about 14,000 people would lose their jobs. >>> it is tax day. most of us have just a few hours left to file those returns or request an extension. some last minute filers faced a tech glitch today. h&r block said some users had problems filing returns. the issue impacted the company's desktop software which is separate from its online tax filing service. tax filers will not face charges or penalties if their mailed copy has an april 15th postmark. others can apply for an extension. >>> up next, the feds launching a criminal probe into the collapse of baltimore's key bridge, where investigators are now focused. >>> they died while pursuing the american dream, but this was all preventable. >>> and for the second straight season the warriors and kings face off in an elimination game. we'll get ready for the big showdown in sacramento. >>> a federal criminal investigation is now underway to find out what caused last month's ship crash that destroyed baltimore's francis sco
according to cnbc, tesla had 140,000 employees as of december. that would mean about 14,000 people would lose their jobs. >>> it is tax day. most of us have just a few hours left to file those returns or request an extension. some last minute filers faced a tech glitch today. h&r block said some users had problems filing returns. the issue impacted the company's desktop software which is separate from its online tax filing service. tax filers will not face charges or penalties if...
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Apr 19, 2024
04/24
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CNBC
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>> the tesla recall. >> the tesla recall. look, all it is, it's acceleration, which could cause a horrible crash >> and unlike some other -- this is as regards the accelerator. >> the pedal stays down. it's still bulletproof so, it's a ram and run car i appreciate that. boy, you know, jonas, i gave him a call he doesn't take my call. i love that. but the work he's doing now about where these stocks are, the bottom ten in the s&p, ex-financial, of course, and you're seeing gm and ford. ford should be buying back every share, for heaven's sake gm -- viatra -- it's a suboptimal company, but gm is the cheapest stock by pe mary barra is doing great. mary barra, their trucks, the accelerator comes -- when you take your foot off it, it doesn't keep going >> that's a plus >> that's positive then you got the good torque >> we are going to get tesla on tuesday. jonas did say yesterday, "situation could may well deteriorate further is the company exiting the traditional ev business? at the margin, it seems so >> yea
>> the tesla recall. >> the tesla recall. look, all it is, it's acceleration, which could cause a horrible crash >> and unlike some other -- this is as regards the accelerator. >> the pedal stays down. it's still bulletproof so, it's a ram and run car i appreciate that. boy, you know, jonas, i gave him a call he doesn't take my call. i love that. but the work he's doing now about where these stocks are, the bottom ten in the s&p, ex-financial, of course, and you're...
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Apr 16, 2024
04/24
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BBCNEWS
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bbc news put her claims to tesla, but the firm has not responded. on its website, tesla says... "safety is the most important part of every tesla. "we design our vehicles to exceed safety standards." this lab could have done the right thing for so many years, and they didn't. it'll now be up to the california courts to decide the next chapter for cristina, who's currently in remission from her cancer. but there's no court date set yet. in remission from her cancer. zoe kleinmann, bbc news. in remission from her cancer. around the world and across the uk. in remission from her cancer. this is bbc news. in remission from her cancer. the general election begins in india on friday and most predictions say narendra modi will win another victory, his third consecutive mandate. he has amassed a huge following of support despite some seeing him as a controversial figure. from the uttar pradesh state which is a stronghold of mr modi's bjp party, yogita limaye reports. cheering narendra modi is the reigning superstar of indian politics. rallies like these are an integral part of an indian
bbc news put her claims to tesla, but the firm has not responded. on its website, tesla says... "safety is the most important part of every tesla. "we design our vehicles to exceed safety standards." this lab could have done the right thing for so many years, and they didn't. it'll now be up to the california courts to decide the next chapter for cristina, who's currently in remission from her cancer. but there's no court date set yet. in remission from her cancer. zoe kleinmann,...
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Apr 15, 2024
04/24
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tesla in some res - ects disappointing sales. tesla in some respects changing _ disappointing sales. tesla in some respects changing the _ disappointing sales. tesla in some respects changing the market - disappointing sales. tesla in some respects changing the market or. respects changing the market or creating a market for electrical vehicles that wasn't necessarily there in the first place but proving that even a market leader like tesla is finding the market and consumers difficult to crack because it's about range anxiety, charging infrastructure and about how many people will trust these cars to get them where they want to go. i think ou are them where they want to go. i think you are right. _ them where they want to go. i think you are right. they _ them where they want to go. i think you are right, they created - them where they want to go. i think you are right, they created the - you are right, they created the market certainly here in the united states where i am. this push we have seen from the current administration
tesla in some res - ects disappointing sales. tesla in some respects changing _ disappointing sales. tesla in some respects changing the _ disappointing sales. tesla in some respects changing the market - disappointing sales. tesla in some respects changing the market or. respects changing the market or creating a market for electrical vehicles that wasn't necessarily there in the first place but proving that even a market leader like tesla is finding the market and consumers difficult to crack...
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Apr 28, 2024
04/24
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BBCNEWS
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none as ambitious as tesla has been at this. it's ambitious as tesla has been at this. it�*s autopilot in cell charting systems were early in the market in the us they take quite a bit of more risk than other systems do. however they are completely unavailable in china, a big threat to the future plans of elon musk for the trajectory of tbilisi and future revenue. something he is trying to get fixed pretty quickly. —— trajectory of tesla. how does china see elon�*s musk idea to refocus tesla on al with the more investments planned for the robotaxis? was this a needed �*pivot�*? needed. it is a great question. it depends on who you ask a lot of investors would like to see mosque and tesla focus on new and affordable tesla models coming up but a lot of people believe he has become a little bored with the card game and focused on autonomy and artificial intelligence and unlocking the key to self driving. that is what he�*s trying to do here. as for how china sees it, who knows. given how they have rolled out red carpet for him for this visit, it is possible t
none as ambitious as tesla has been at this. it's ambitious as tesla has been at this. it�*s autopilot in cell charting systems were early in the market in the us they take quite a bit of more risk than other systems do. however they are completely unavailable in china, a big threat to the future plans of elon musk for the trajectory of tbilisi and future revenue. something he is trying to get fixed pretty quickly. —— trajectory of tesla. how does china see elon�*s musk idea to refocus...
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Apr 23, 2024
04/24
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CNBC
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one is tesla now is very different from tesla ten years ago. when you think about leadership selection, when you think about the who the right leader for an organization is. what i often tell my students is leadership is not a ranking problem, it is a matching problem. you're not looking through the question of, who is the best person in the world in all circumstances. that's not how leadership works. what you're thinking is, who is the right person for the particular set of circumstances that we're in today. the very fact that elon musk was, you know, for the early years of tesla, not just the right person amongst some set, but the right person in business, doesn't mean he's the right person when the situation is tesla is facing is completely different, and in particular it doesn't mean he's the right person who should operate without restraint. i'm saying, if you are the board, you also have business judgment. it's your job to ask him, okay, what is your strategy for dealing with chinese electric cars that are going to come on to the market a
one is tesla now is very different from tesla ten years ago. when you think about leadership selection, when you think about the who the right leader for an organization is. what i often tell my students is leadership is not a ranking problem, it is a matching problem. you're not looking through the question of, who is the best person in the world in all circumstances. that's not how leadership works. what you're thinking is, who is the right person for the particular set of circumstances that...
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Apr 2, 2024
04/24
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BBCNEWS
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well, deliveries are reported by tesla, which is how well, deliveries are reported by tesla, which is how we well, deliveries are reported by tesla, which is how we approximate sales. we will hear more on the 23rd of april. let's talk about some of the challenges we know tesla has faced in the first quarter. first is the red sea conflict, which caused shipping to be diverted, causing delay in vehicle parts arriving at factories, resulting in temporary factory shutdowns, particularly one outside of berlin which was hit hard earlier this year. we've also seen an arson attack at a factory in berlin, causing a temporary pause in production. back in the us, weaker us demand, mixed reviews for the cyber truck, the latest tesla model, and don't forget that higher borrowing costs in the us have led to slowing demand. while tears can usually use incentives like discounts to attract shoppers, those... there has been increased competition from chinese manufacturers, and in response we saw tesla cut production and shorten work schedules in shanghai. are we now in an era where byd and tesla tussli
well, deliveries are reported by tesla, which is how well, deliveries are reported by tesla, which is how we well, deliveries are reported by tesla, which is how we approximate sales. we will hear more on the 23rd of april. let's talk about some of the challenges we know tesla has faced in the first quarter. first is the red sea conflict, which caused shipping to be diverted, causing delay in vehicle parts arriving at factories, resulting in temporary factory shutdowns, particularly one outside...
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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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i want to bring in mike lee on tesla. mike, i'm waiting to hear about the robotaxi because if musk commits to it, that will be the transformation of tesla. what do you expect? if. >> stuart, i expect roses and sunshine when it comes to talking about the robotaxi. we'll really know more about that in august when they have their awe on the -- autonomous if day. tesla's been working on this for a long time, and when you look at the speed of change that's going on with artificial intelligence and generative a.i., it's something that's going to be here, i think, a lot sooner than people think. i think the overhang for tesla is wall street's numbers for driverly ares might be a little bit too high for the rest of this year and next year. i think that has a lot less to do with macro concerns and we sixer but the hype around electronic vehicles around the last few years was huge, and so i think that a pulled forward a lot of purchases that people would have waited on. and so demand is going to take a little while to recover, and
i want to bring in mike lee on tesla. mike, i'm waiting to hear about the robotaxi because if musk commits to it, that will be the transformation of tesla. what do you expect? if. >> stuart, i expect roses and sunshine when it comes to talking about the robotaxi. we'll really know more about that in august when they have their awe on the -- autonomous if day. tesla's been working on this for a long time, and when you look at the speed of change that's going on with artificial intelligence...
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Apr 3, 2024
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what was the tesla business model? three elements, number one. for ten years they said 50% annual growth. that's been valued up to january. second, integrate vertically, so you capture all the value from the courses. third, direct sales, no value to any retailer, et cetera. that's the only way you're going to grow because you have negative working capitals. you can get paid for growing. and you capture all the margin. the problem is when you go in the reverse and sales go down, it also goes in reverse. >>> because the market is thinking $2 billion positive cash flow is going to be a minus on my cash numbers. the next thing, i think most are denying this was a bit of a one-off and looking at it as an arson attack. let's face it. how does record high inventories go with production problems? this is a demand problem? >> important to note lekander holds short. one who doesn't think it's going to go short any time soon is cathie wood. as for the premarket, it looks like it's going to be a further rocky start with the premarket suggesting a drop of nea
what was the tesla business model? three elements, number one. for ten years they said 50% annual growth. that's been valued up to january. second, integrate vertically, so you capture all the value from the courses. third, direct sales, no value to any retailer, et cetera. that's the only way you're going to grow because you have negative working capitals. you can get paid for growing. and you capture all the margin. the problem is when you go in the reverse and sales go down, it also goes in...
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Apr 28, 2024
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tesla is struggling a - he in china? tesla is struggling a bit too compete _ he in china? tesla is struggling a bit too compete with _ he in china? tesla is struggling a bit too compete with other - bit too compete with other car—makers globally, in many markets, electric car sales have slowed down a little bit recently. even in china, which is the biggest electric car market in the world. the growth rate is not growing, it has a bit. tesla is facing ferocious competition from a bunch of very price competitive electric brands. and what about the optics of all this and the politics, rather than just the economics?— this and the politics, rather than just the economics? right, well, china coming _ just the economics? right, well, china coming out _ just the economics? right, well, china coming out of— just the economics? right, well, china coming out of the - just the economics? right, well, china coming out of the covid, . china coming out of the covid, reopening since last year has faced a bunch of economic challenges. 0ne a bunch of economic challenges. one of them
tesla is struggling a - he in china? tesla is struggling a bit too compete _ he in china? tesla is struggling a bit too compete with _ he in china? tesla is struggling a bit too compete with other - bit too compete with other car—makers globally, in many markets, electric car sales have slowed down a little bit recently. even in china, which is the biggest electric car market in the world. the growth rate is not growing, it has a bit. tesla is facing ferocious competition from a bunch of very...
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Apr 29, 2024
04/24
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the last month of tesla where the stock was $138. it has a long way to go to get back to 300 but we are clearing almost the 200-dollar mark, what happened this weekend was vital for the company. basically tesla had the chinese remove restrictions to have full self driving cars over there. they are working right now with the body do which is brilliant for elon musk, he is a very, very smart man and you never count him out. if there's one thing we should know on wall street you don't count out elon musk he introduced for the mapping of the cars and now have full self driving cars because prior to this weekend we had limited capabilities with tesla. driving cars, if you buy a tesla and you want autonomous feature in the chinese were preventing that and now with this deal the good hopefully have smooth roads ahead. david: self driving vehicles are at tough sell to americans because as you publicize accidents involving self driving vehicles. of course a couple of accidents when you add up all the millions of ev's we have on the road, it p
the last month of tesla where the stock was $138. it has a long way to go to get back to 300 but we are clearing almost the 200-dollar mark, what happened this weekend was vital for the company. basically tesla had the chinese remove restrictions to have full self driving cars over there. they are working right now with the body do which is brilliant for elon musk, he is a very, very smart man and you never count him out. if there's one thing we should know on wall street you don't count out...
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Apr 28, 2024
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the tesla chief elon musk meets government officials in beijing. they're discussing the future of us—china relations over electric vehicles. and as australia demands an end to violence against women, prime minister anthony albanese says the country's culture must change. hello, i'm catherine byaruhanga. we start in the middle east — where the palestinian president says only the us can prevent an israeli attack on rafah, where more than a million people have fled. efforts are under way to negotiate a truce between israel and hamas. the us secretary of state is meeting arab leaders to discuss the situation. israel's foreign minister says this is possible if hamas agrees to free its hostages. but there's no sign of that happening at this point. a video showing two hostages, including an american, was released on saturday by hamas. in other diplomatic moves, the us secretary of state antony blinken is due in saudi arabia for talks with regional leaders. he and other key players are expected to meet on the sidelines of the world economic forum. and
the tesla chief elon musk meets government officials in beijing. they're discussing the future of us—china relations over electric vehicles. and as australia demands an end to violence against women, prime minister anthony albanese says the country's culture must change. hello, i'm catherine byaruhanga. we start in the middle east — where the palestinian president says only the us can prevent an israeli attack on rafah, where more than a million people have fled. efforts are under way to...
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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 29, 2024
04/24
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it's tesla and apple. this is a big deal separately as we see tesla stock down 30 plus% go up 10% on this news, the tesla board says and stands behind elon musk 50 plus billion dollar pay package count as another vote of confidence for elon musk in the supreme court has declined to hear elon musk bid to narrow his security fraud settlement with the sec, that is the elon musk in tesla news. ashley: interesting there's always plenty every day that's been to paramount reporting "after the bell" today, what is this about the board firing ceo bob package, bob blockage did not favor paramount's merger with sky dance there in exclusive talks through friday. he is reportedly out and he won't be on the call today, the earnings call. the wall street journal is reporting he's going to be replaced with the committee of executives to run the company instead, paramount home to see cbs, nickelodeon and also paramount streaming, not profitable yet but all the legacy business have seen their value cut in 3 cents 2019 and o
it's tesla and apple. this is a big deal separately as we see tesla stock down 30 plus% go up 10% on this news, the tesla board says and stands behind elon musk 50 plus billion dollar pay package count as another vote of confidence for elon musk in the supreme court has declined to hear elon musk bid to narrow his security fraud settlement with the sec, that is the elon musk in tesla news. ashley: interesting there's always plenty every day that's been to paramount reporting "after the...