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Apr 22, 2024
04/24
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0ver tesla's strategy. their strategy has been about scale and cost, can they compete with the chinese? they have been aiming for a cheap, $25,000 car, that seems to have been postponed and they are going more into autonomy. investors aren't that convinced, _ going more into autonomy. investors aren't that convinced, i'm _ going more into autonomy. investors aren't that convinced, i'm looking - aren't that convinced, i'm looking at the numbers, shares down by 40% since the start of the year. do you think a price cut is enough to win back the confidence of consumers given the competition and people not having money?— having money? there is a huge cost of livin: having money? there is a huge cost of living squeeze _ having money? there is a huge cost of living squeeze that _ having money? there is a huge cost of living squeeze that is _ having money? there is a huge cost of living squeeze that is taking - of living squeeze that is taking place in many european countries, tesla have to cut prices, from the p
0ver tesla's strategy. their strategy has been about scale and cost, can they compete with the chinese? they have been aiming for a cheap, $25,000 car, that seems to have been postponed and they are going more into autonomy. investors aren't that convinced, _ going more into autonomy. investors aren't that convinced, i'm _ going more into autonomy. investors aren't that convinced, i'm looking - aren't that convinced, i'm looking at the numbers, shares down by 40% since the start of the year. do...
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Apr 3, 2024
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you know, i'm a tesla owner. i've had a tesla for 12 years. and, you know, for the first five or six years, there were really no legitimate competitors. but now there are. and i think, so, you know, the customers are looking — starting to look elsewhere. the leaders of the world's two biggest economiesjoe biden and xijinping spoke on the phone on tuesday in the first engagement between them since they met in san francisco in november. this comes as the us treasury secretary embarks on her second trip to china in less than a year. 0ur north america business correspondent erin delmore has the details. the phone call marked the first one—on—one communication betweenjoe one—on—one communication between joe biden one—on—one communication betweenjoe biden and xijinping since november. they had a lot of ground to cover. they had a lot of ground to cover. the risks associated with rapidly developing ai technology and military communications and the trafficking of illicit drugs. a white house summary of the court included a few others lik
you know, i'm a tesla owner. i've had a tesla for 12 years. and, you know, for the first five or six years, there were really no legitimate competitors. but now there are. and i think, so, you know, the customers are looking — starting to look elsewhere. the leaders of the world's two biggest economiesjoe biden and xijinping spoke on the phone on tuesday in the first engagement between them since they met in san francisco in november. this comes as the us treasury secretary embarks on her...
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Apr 24, 2024
04/24
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it's been a rocky road for tesla this year. interest rates are taking a bite out of purchasing power and pushing big purchases out of reach, competition with china especially rival vehicle maker byob is heating up, sales are falling and so is tesla's stock. it's fallen more than 40% this year, the company is cutting prices and announced lay—offs, then on tuesday it reported its first quarter earnings. missing expectations on earning and revenue. the company is anticipating lower deliveries this year compared to 2023 but investors have one bright spot to look, telsa announced it is speeding up the launch of a lower—priced vehicle and affordable models could be a boon for cash—strapped consumers, and a hit worldwide like china and india. despite those grim numbers of the earnings shares have soared in after—hours trade. asia editor for automotive news, hans greimel says investors are encourged by the introduction of more affordable models. investors were really bracing for some bad news in this earnings report, but while
it's been a rocky road for tesla this year. interest rates are taking a bite out of purchasing power and pushing big purchases out of reach, competition with china especially rival vehicle maker byob is heating up, sales are falling and so is tesla's stock. it's fallen more than 40% this year, the company is cutting prices and announced lay—offs, then on tuesday it reported its first quarter earnings. missing expectations on earning and revenue. the company is anticipating lower deliveries...
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Apr 29, 2024
04/24
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you can find more of our coverage of tesla on our website, bbc.com/news. it's the start of a brand—new week, so let's take a look at some of the key economic events to watch out for. on tuesday, we'll find out if china's manufacturing activity is continuing to expand when official pmi data is released. last month, factory activity picked up for the first time since september, beating economists�* forecast. on wednesday, the us federal reserve will be making its latest decision on interest rates in the world's largest economy. and staying in the us — on friday, jobs data for april will be released. katrina ell from research firm moody's analytics says she expects the pick up in china to continue. so we are expecting that it will remain above that 50 threshold. so we're looking for a 50.5 gain in april, so that's slightly weaker than the resurgence number that we saw in march, 50.8, but i think what's going to be really important is, if we dig deeper, to look at what those forward indicators are telling us. in march, we saw new orders and new export or
you can find more of our coverage of tesla on our website, bbc.com/news. it's the start of a brand—new week, so let's take a look at some of the key economic events to watch out for. on tuesday, we'll find out if china's manufacturing activity is continuing to expand when official pmi data is released. last month, factory activity picked up for the first time since september, beating economists�* forecast. on wednesday, the us federal reserve will be making its latest decision on interest...
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Apr 25, 2024
04/24
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tesla story has been about overcoming adversity. >> among the pioneers in electric vehicles, tesla has booming. >> now we have seen the company come back down to earth. >> now, layoffs, falling profits and recalls. >> more players in the ev game . so, can tesla recharge and get back on track? >> tesla does not sell hybrid so they have nothing else to fall back on at the moment. >>> this is cbs news bay area with elizabeth cook. >>> thank you so much for joining us today. over the next half hour, we are diving into the trouble at tesla. we know the company has a big presence in the bay area economy. an expert will help us examine what is behind the struggles right now and also look toward tesla's future and step back and look at the shift into electric vehicles overall. we will get well that in a few moments but first, here are today's news headlines. >>> police say four people were killed in a car crash in pleasanton. it happened that foothill road near stoneridge drive. it appears one of the victims was a student in the pleasanton unified school district. the district says it is provi
tesla story has been about overcoming adversity. >> among the pioneers in electric vehicles, tesla has booming. >> now we have seen the company come back down to earth. >> now, layoffs, falling profits and recalls. >> more players in the ev game . so, can tesla recharge and get back on track? >> tesla does not sell hybrid so they have nothing else to fall back on at the moment. >>> this is cbs news bay area with elizabeth cook. >>> thank you so...
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Apr 23, 2024
04/24
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CNBC
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tesla is down month to date. roku is down seven. rates are going up, it is not the greatest time in the world to own. nonprofitable and high multiple tech. >> i remember us having this conversation a few years ago, we were talking about the rate raising cycle. and the nonprofitable stock. the impact that higher rates have on these companies. the higher and longer story. we talked about this a lot this year. three cuts, now zero cuts, the material impact. not good. this is why we are seeing the price hashing. >> these long-duration stocks versus nonprofitable stocks that become profitable. look at the one-year performance of these two names, uber is up 128% . >> up 120% over the last year to date. we've been looking at this for quite some time. we saw a little bit of material pull back over the last few weeks. 16% off the 52-week high. mobility up 29%. they are hitting on all cylinders. they have struck a new culture. there is a lot of earning potential going forward. we decided to add a small position. >> it is free money. when mone
tesla is down month to date. roku is down seven. rates are going up, it is not the greatest time in the world to own. nonprofitable and high multiple tech. >> i remember us having this conversation a few years ago, we were talking about the rate raising cycle. and the nonprofitable stock. the impact that higher rates have on these companies. the higher and longer story. we talked about this a lot this year. three cuts, now zero cuts, the material impact. not good. this is why we are...
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Apr 29, 2024
04/24
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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 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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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 1, 2024
04/24
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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
04/24
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i'll tesla has had is a strategy to/prices. that gives tesla a new competitive edge in that market that they have been desperately looking forward to. >> it came at the expense of a trip to india. does this signify a change in strategy? >> maybe not so much a change in strategy. it has a presence in china, it has sales. this is an investment and a cost. tesla doesn't have a presence in china yet. it doesn't import cars here. it seems like musk is happy to play along with that but still maybe a little cool on definite plans to get into india. we are also watching sansom earnings. the chapter vision in the march quarter. let's bring in mark ehrman. always great to chat with you. what are you looking for in this set of numbers? >> thank you for having me. samsung like many of the other companies we've been discussing for weeks is writing that ai wave. they have this massive chip division. but into server infrastructure. and given that a lot of these companies want to play large amount of server infrastructure to power this ai evol
i'll tesla has had is a strategy to/prices. that gives tesla a new competitive edge in that market that they have been desperately looking forward to. >> it came at the expense of a trip to india. does this signify a change in strategy? >> maybe not so much a change in strategy. it has a presence in china, it has sales. this is an investment and a cost. tesla doesn't have a presence in china yet. it doesn't import cars here. it seems like musk is happy to play along with that but...
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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 16, 2024
04/24
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KRON
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they said the reasoning behind tesla's because tesla is one of the largest theft auto manufacturers here. they want to send a message and say tesla and elon musk, the founder of tesla, complicit in what's these protesters are saying about in their chance. calling out lot to say about where they they're saying that he is complicit in what is going the goal is right now, though, they want to march from the warm springs bart station down to the tesla headquarters. they say that will hopefully happen. about 20 minutes ago. they said they wanted happen. so it may be the next 10 minutes. we will see them and start to happen. we did. you want organize or say they are waiting for a bus that shot of the people for the people walk that i did ask what are you organizers, how long they're willing to have this protest lasted and he said, however, long it takes and that will be marching along with them to find out what happens when the guns of tesla and hopefully speak to more of the organizers here find out more along with this protest. what's happening here for jack, a juneau, if any of those folks
they said the reasoning behind tesla's because tesla is one of the largest theft auto manufacturers here. they want to send a message and say tesla and elon musk, the founder of tesla, complicit in what's these protesters are saying about in their chance. calling out lot to say about where they they're saying that he is complicit in what is going the goal is right now, though, they want to march from the warm springs bart station down to the tesla headquarters. they say that will hopefully...
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Apr 2, 2024
04/24
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tesla could be facing a bumpy road ahead. america's leading electric car company is due to report how many cars it produced and delivered globally during the first three months of this year, possibly as early as today. and wall street is worried. for more on this, here's the bbc�*s north america business correspondent, michelle fleury, in new york. one analyst called the start of this year a nightmare for tesla as he cut 475 to 425,000 the forecast, the first sales reports and years, the first sales reports and years, the first time that happened was during the pandemic of 2020, what is going on? you will double our company has been beset by setbacks, and halted production, higher interest rates taking a toll and an ageing line—up of vehicles but it is the chinese market that investors are most worried about. it is blamed, ev competition and price war driving prices in that market. stock is down 30% roughly since the start of this yearfor 30% roughly since the start of this year for tesla, 30% roughly since the start of t
tesla could be facing a bumpy road ahead. america's leading electric car company is due to report how many cars it produced and delivered globally during the first three months of this year, possibly as early as today. and wall street is worried. for more on this, here's the bbc�*s north america business correspondent, michelle fleury, in new york. one analyst called the start of this year a nightmare for tesla as he cut 475 to 425,000 the forecast, the first sales reports and years, the...
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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 19, 2024
04/24
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tesla shares have fallen to their lowest _ site. tesla shares have fallen to their lowest level - site. tesla shares have fallen to their lowest level in - site. tesla shares have fallen to their lowest level in more | to their lowest level in more than a year. this came after deutsche bank raised concern over the electric vehicle makers on creating new products like rubber taxi while its profit is under pressure. shares in the elon musk led company fell after the brokerage cut its price target for the stock. is boom time electric vehicles over? rising electricity cost plus the end of generous government subsidies in some countries have made it is more expensive compared to cars running on petrol and diesel. in norway, nine out of ten car sold this year have been electric models. my year have been electric models. my colleague has been speaking to the state secretary of the norwegian of transport. i think the reason _ norwegian of transport. i think the reason for _ norwegian of transport. i think the reason for this _ norwegian of
tesla shares have fallen to their lowest _ site. tesla shares have fallen to their lowest level - site. tesla shares have fallen to their lowest level in - site. tesla shares have fallen to their lowest level in more | to their lowest level in more than a year. this came after deutsche bank raised concern over the electric vehicle makers on creating new products like rubber taxi while its profit is under pressure. shares in the elon musk led company fell after the brokerage cut its price target...
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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 2, 2024
04/24
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wall street is bracing for tesla to report its first sales decline in years. the last time that happened was during the pandemic lockdowns of 2020. so what is going on? elon musk�*s car company has suffered multiple setbacks. a fire at its gigafactory in berlin halted production. higher interest rates, which put up borrowing costs, are also taking a toll and it has an ageing line up of vehicles. but it is the chinese market that investors are most worried about. dan ives from wedbush securities blamed rising ev competition and a lingering price war for the challenges that the company faces in that market. the gloomy outlook, well, it's driven tesla's stock down roughly 30% since the start of this year. still one bright spot — it looks poised to retake the title of largest ev maker in the world from chinese rival byd, which on monday said it had sold around 300,000 evs during the quarter. they could be none of bright spot and that might help tesla and other makers of electric vehicles. senior minister in the indian government in charge of a transportation a
wall street is bracing for tesla to report its first sales decline in years. the last time that happened was during the pandemic lockdowns of 2020. so what is going on? elon musk�*s car company has suffered multiple setbacks. a fire at its gigafactory in berlin halted production. higher interest rates, which put up borrowing costs, are also taking a toll and it has an ageing line up of vehicles. but it is the chinese market that investors are most worried about. dan ives from wedbush...
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Apr 24, 2024
04/24
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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 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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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 3, 2024
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drivers can use the tesla recharge stations with ford. consumer reports, meantime, out with a new issue that says tesla's interior is frustrating. but it still recommends the car. and "reuters" reports that polling by the firm caliber found a significant number of tesla buyers are turned off by the behavior of elon musk who has railed lately against diversity and inclusion. the percentage of people that trust the tesla brand at 31% down from highs of 70%. now, tesla still an innovative company with popular cars. the model y second best selling car in america according to kelly blue book and the best selling car in california. in fact, one out of every eight cars sold in the state every month is a tesla. back to you. >> thanks a lot, scott. i see them on the roads definitely. >>> well, april is stress awareness month. and a recent study found that people between the ages of 18 to 34 have the highest stress levels. according to the american psychological association, 82% say significant sources of stress for them were health related. 82% al
drivers can use the tesla recharge stations with ford. consumer reports, meantime, out with a new issue that says tesla's interior is frustrating. but it still recommends the car. and "reuters" reports that polling by the firm caliber found a significant number of tesla buyers are turned off by the behavior of elon musk who has railed lately against diversity and inclusion. the percentage of people that trust the tesla brand at 31% down from highs of 70%. now, tesla still an...
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Apr 24, 2024
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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 29, 2024
04/24
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mr musk said tesla is looking for "more win—win results". according to reports, he has won approval from the chinese authorities for the enabling of a self—driving feature on tesla cars in the country. that has been enough to push up shares by 11% in early trade. the electric car giant faces falling sales and increased local competition in china. so this could be a big move. let's talk about that with michelle, who is standing by in new york. give us a sense of how significant this could be, just some reports at this stage, but it is what elon musk wanted? ., ., , , , wanted? you are seeing the response from investors — wanted? you are seeing the response from investors with _ wanted? you are seeing the response from investors with the _ wanted? you are seeing the response from investors with the share - wanted? you are seeing the response from investors with the share price i from investors with the share price p°ppin9 from investors with the share price popping at the open because of that sort of shot of good news. the reason for that
mr musk said tesla is looking for "more win—win results". according to reports, he has won approval from the chinese authorities for the enabling of a self—driving feature on tesla cars in the country. that has been enough to push up shares by 11% in early trade. the electric car giant faces falling sales and increased local competition in china. so this could be a big move. let's talk about that with michelle, who is standing by in new york. give us a sense of how significant...
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Apr 22, 2024
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it's proving to be a tricky period for tesla. its shares have fallen by around 40% since the beginning of the year. and last week its big boss, elon musk, told us workforce he would cut their numbers by 10%. that impliesjob losses in the region of 14,000. in recent days, mr musk postponed a planned trip to india. this week, he was due to meet the prime minister, narendra modi and reveal plans to enter the south asian market. on his own social media platform, x, mr musk revealed that unfortunately very heavy tesla obligations require the visit to india be delayed, but he looked forward to visiting later this year. mr musk may face tough questions later when tesla releases its latest quarterly results. at the beginning of the month, it emerged that the company's vehicle deliveries declined in the first quarter of 2024 for the first time in nearly four years. the company is cutting the price of its full self—driving software in the united states by a third from 12000 to 8000. and it's slashing its vehicle prices in multiple market
it's proving to be a tricky period for tesla. its shares have fallen by around 40% since the beginning of the year. and last week its big boss, elon musk, told us workforce he would cut their numbers by 10%. that impliesjob losses in the region of 14,000. in recent days, mr musk postponed a planned trip to india. this week, he was due to meet the prime minister, narendra modi and reveal plans to enter the south asian market. on his own social media platform, x, mr musk revealed that...
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Apr 23, 2024
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a lot riding on the tesla report. six names in particular tend to benefit when tesla shares go into reverse. cnbc pro subscribers can find out on cnbc.com/pro. >>> looking at apple, iphone sales fell 20% in the first quarter in china. the worse in the country since 2020. that's according to counter point research and comes despite the usual q1 lunar new year boost. the rival huawei saw sales climbing 70% in the same period. apple now ranks third in the country's market. >>> investors are eyeing tech stocks as four of the magnificent seven are due to report earnings this week with tesla as we just mentioned, kicking things off later today. >> it may be the mag six after this. >> we will see. we will see meta on wednesday and alphabet and microsoft set to release on thursday. speaking earlier to the channel, the norges bank ceo gave his view on the sector. >> if i look at what we can read from the current market, i would say there is clearly a lot of froth within the technology sector. we will get the answers later in t
a lot riding on the tesla report. six names in particular tend to benefit when tesla shares go into reverse. cnbc pro subscribers can find out on cnbc.com/pro. >>> looking at apple, iphone sales fell 20% in the first quarter in china. the worse in the country since 2020. that's according to counter point research and comes despite the usual q1 lunar new year boost. the rival huawei saw sales climbing 70% in the same period. apple now ranks third in the country's market. >>>...
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Apr 13, 2024
04/24
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tesla's the biggest a.i. project in the world. most of the names in our portfolio are there because they meet the four criteria in a.i. that we think will make a difference. heavy got deep domain expertise, they are taking a.i. seriously with their own hiring, and they're being aggressive, going for the opportunity. they have global distribution and most important they have proprietary data, data that no one else has. jon cc we could go on and on, but we do have to leave it there. your insights are always fascinating. thank you so much for coming on. >> thank you, jack, very much. jack: the sports business is booming. we'll take a look at how investors can get their head in the game and score some big opportunities next. ♪ salonpas lidocaine flex. a super thin, flexible patch with maximum otc strength lidocaine that contours to the body to relieve pain right where it hurts. and did we mention, it really, really sticks? salonpas, it's good medicine. jack: from gambling to a paying college athletes, to the explosion in women's spo
tesla's the biggest a.i. project in the world. most of the names in our portfolio are there because they meet the four criteria in a.i. that we think will make a difference. heavy got deep domain expertise, they are taking a.i. seriously with their own hiring, and they're being aggressive, going for the opportunity. they have global distribution and most important they have proprietary data, data that no one else has. jon cc we could go on and on, but we do have to leave it there. your insights...
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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 24, 2024
04/24
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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 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 16, 2024
04/24
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by 5:30 they started walking towards this side of the tesla factory. you can see all of the demonstrators who have been part of this economic blockade. we tried to talk to some of them to understand why they decided to come here to tesla. and this is what they said. >> i think ultimately everybody just wants to go home and live in peace. that is all we are here fostering. this blockade is not to be targeting the employees the employees here will be safe. we want nothing to do with that. this is to force the economic blockade and show we will not be complicate with genocide wherever it may be. >> reporter: sara, this is what is happening live right here in fremont outside of the tesla factory. we are trying to understand why exactly they decided to come here to tesla. we will keep trying to get these details for you. right now this is what is going on right now. if you near this area you probably want to avoid getting on cata road and 880 for the next few hours. this is not looking that it is going to end any time soon. we are going to get back to you w
by 5:30 they started walking towards this side of the tesla factory. you can see all of the demonstrators who have been part of this economic blockade. we tried to talk to some of them to understand why they decided to come here to tesla. and this is what they said. >> i think ultimately everybody just wants to go home and live in peace. that is all we are here fostering. this blockade is not to be targeting the employees the employees here will be safe. we want nothing to do with that....
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Apr 29, 2024
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there has been so much tesla news recently, phil. tell us the latest >> well, courtney, the importance of this is because china has been so important and so lucrative to tesla and it hasn't been able to get full self-driving subscription revenue from that market that could be changing here are the details of the deal that was announced by tesla in china over the last 24 hours it will expand its autonomous drive technology, the ability to use more of its technology there in that country, and it doesn't immediately mean the fsd rollout, but it does clear the path for that to happen. and we've been told by sources that baidu is the company providing some technical details to support tesla, including mapping, which is critical in that country you mentioned that china is tesla's second-largest market, a lot of people refer to it as the largest market, with 33% of its sales coming in that market, and it has long had very successful cop rations there, but the key here, you want that monthly subscription, if at all possible, that's the allur
there has been so much tesla news recently, phil. tell us the latest >> well, courtney, the importance of this is because china has been so important and so lucrative to tesla and it hasn't been able to get full self-driving subscription revenue from that market that could be changing here are the details of the deal that was announced by tesla in china over the last 24 hours it will expand its autonomous drive technology, the ability to use more of its technology there in that country,...
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Apr 29, 2024
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, it's china, and tesla making good inroads with china. mad respect for toni i think we all have that i disagree as a portfolio manager, i won't step in front -- >> you disagree with the upgrade? >> i disagree with the timing of the upgrade. specifically, what he's saying is buy the fear. toni, if i got that wrong, sorry -- >> he didn't say buy before the earnings report, and he said there was a lot of fear in the stock both for fundamental and technical reasons. >> i am being a critical reader, and that's what i am reading into it. if i am wrong, i am wrong. >> you are reading in between the lines. >> i will not do it in front of earnings because it seems to me the more likely scenario, i buy here and bad news comes out in china and the stock goes down. i wouldn't spike the football in toni's face if i am right, and i don't think he would spike the football in my face if i am wrong. i think, joe, long-term investors want to add at the level, and i can't bring myself to do it -- >> maybe the most important part of his note is where it rela
, it's china, and tesla making good inroads with china. mad respect for toni i think we all have that i disagree as a portfolio manager, i won't step in front -- >> you disagree with the upgrade? >> i disagree with the timing of the upgrade. specifically, what he's saying is buy the fear. toni, if i got that wrong, sorry -- >> he didn't say buy before the earnings report, and he said there was a lot of fear in the stock both for fundamental and technical reasons. >> i am...
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Apr 2, 2024
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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 29, 2024
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whether does apple or tesla. you know they are watching these developments closely. >> in terms of the stock price reaction, obviously, this comes on the heels of their earnings, i believe it was last week. just a prospect with these newer technologies. we got investors' attention. how did they look at today's news of 15% and think about how this will ultimately filter into their models and the revenue potential and all of that? >> most analyst notes have been positive. this is an important moment for tesla in the largest eb market. that cannot be disputed. you have analysts who are saying, this is fantastic. we are not sure exactly how much this will unlock in terms of revenue potential. this is what you want. it also is another example, playing off of last week analyst call. you have elon musk actively engaged in the next development with tesla. that was some of the narrative as the stock was trending lower people were saying, where is he? is he fully engaged with this company or is he busy doing a myriad of ot
whether does apple or tesla. you know they are watching these developments closely. >> in terms of the stock price reaction, obviously, this comes on the heels of their earnings, i believe it was last week. just a prospect with these newer technologies. we got investors' attention. how did they look at today's news of 15% and think about how this will ultimately filter into their models and the revenue potential and all of that? >> most analyst notes have been positive. this is an...
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Apr 28, 2024
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bit has tesla hit bottom? lexi earnings were weak but they're not a disaster but the socket been so weak was is a bf a relief rally this weekend tesla. the key thing that encouraged investors was tesla appears to be accelerating the introduction of a lower and called to the first half of 2025. about six months earlier than expected. there still a lot of problems electric vehicle market. sales growth is slowing down they were up about 7% of the first quarter they felt about 20% in the fourth quarter of last year. i know the early adopters about them do not seem that enthusiastic about electric vehicles despite all the efforts of the biden administration to get them to buy them including tax credits of about $7500 per car per. >> of the low end car i don't get a low own probably means low margin. the robo car future 10 years away at least? don't resend the bookcase on the stock at this point. >> is going to happen it's still very expensive right now. as are one or $70 a share including what's now the industry le
bit has tesla hit bottom? lexi earnings were weak but they're not a disaster but the socket been so weak was is a bf a relief rally this weekend tesla. the key thing that encouraged investors was tesla appears to be accelerating the introduction of a lower and called to the first half of 2025. about six months earlier than expected. there still a lot of problems electric vehicle market. sales growth is slowing down they were up about 7% of the first quarter they felt about 20% in the fourth...
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Apr 22, 2024
04/24
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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 24, 2024
04/24
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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 29, 2024
04/24
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tesla has a major factor in ties with china. tesla has a majorfactor in shanghai and it is developing its most cutting—edge driving technology there. also, china is a key market for tesla, its second—largest market, but market has been dropping to about 7.5% because of intense competition from rivals like vy d, which is backed by warren buffett and has about 33% market share. but, clearly, elon musk is trying to drum up support by investors, trying to convince them it is a wedding proposition by existing ev market is a ai company and with talk of a plant oboe taxi service as well —— byd. talk of a plant oboe taxi service as well -- byd. and also he _ service as well -- byd. and also he has _ service as well -- byd. and also he has on _ service as well -- byd. and also he has on many - service as well -- byd. and i also he has on many occasions in his conversation with investors after earnings are released at the high interest rates the us are really hitting tesla sales. we have got the fed meeting this week, and now the
tesla has a major factor in ties with china. tesla has a majorfactor in shanghai and it is developing its most cutting—edge driving technology there. also, china is a key market for tesla, its second—largest market, but market has been dropping to about 7.5% because of intense competition from rivals like vy d, which is backed by warren buffett and has about 33% market share. but, clearly, elon musk is trying to drum up support by investors, trying to convince them it is a wedding...
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Apr 5, 2024
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his family says tesla's auto pilot feature was defective and is to blame. tesla points out that wang was playing a video game on a cell phone when he crashed. now, tesla is weighing out to see if it can prove that wang was distracted when he crashed. >>> meanwhile, april is national distracted driving month. and today, santa clara launched a new campaign. it's called just drive. joe smitty featured this. the campaign features social media posts and ads that remind drivers. cracking down on drivers who use handheld devices behind the wheel. >> put your phones down. let other activities wait until you reach your destination. >> we're here year after year, because we have to keep the message current and fresh. if we do this, it will literally save lives. >> smitty says distracted drivers account for 8% of all crashes nationwide. >>> people in solanocounty don't seem too keen on this. it's a vision for a planned community there it's already bought the land the but still eds voters to approve this community. last month, solano county did appre an initiative to p
his family says tesla's auto pilot feature was defective and is to blame. tesla points out that wang was playing a video game on a cell phone when he crashed. now, tesla is weighing out to see if it can prove that wang was distracted when he crashed. >>> meanwhile, april is national distracted driving month. and today, santa clara launched a new campaign. it's called just drive. joe smitty featured this. the campaign features social media posts and ads that remind drivers. cracking...
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Apr 22, 2024
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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 24, 2024
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he told one tesla bowls are rallying behind, if you believe that tesla can take where they are right now and improve, look at what he told people during the conference call yesterday -- he said they need to do something in terms of volume, improving over the next couple of years. he says we have more affordable models coming. he did not tell us what the affordable models will be, are they brand-new models were simply tweaks on current models? more models that are affordable which pushed the stock higher. he talked about robo taxi optimism at 2024 deliveries, not growing as fast as they did in 2023 at 30%, they are expected to go higher. last year, they delivered 1.81 million and the estimate now is for 1.9 million. elon musk was asked, will you get 1.81? he said yes, they expect to grow deliveries in 2024. shares of tesla, keep in mind revenue was down 9% in the first quarter, that is the biggest year-over-year decline in revenue for tesla since 2012. the story is something people embraced after hours. >> thank you for setting up for us as analysts have mixed feeling about the first-
he told one tesla bowls are rallying behind, if you believe that tesla can take where they are right now and improve, look at what he told people during the conference call yesterday -- he said they need to do something in terms of volume, improving over the next couple of years. he says we have more affordable models coming. he did not tell us what the affordable models will be, are they brand-new models were simply tweaks on current models? more models that are affordable which pushed the...
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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 3, 2024
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tesla is denying those allegations. tesla is also facing a lawsuit in the south bay after a 2 year-old was behind the wheel of a car when it accidentally crashed into his pregnant mother. that case is set to go to trial next week. the crash happened back in 2018. the mother says the tesla was parked in the driveway. winter sun crawled into the driver's seat and somehow turn the car on. she says he then crashed into their garage pending, heard the garage wall. the lawsuit accuses tesla of negligence for alleged flaws in the software design. a tesla is denying any liability for that incident. tesla has recorded their first drop in sales since 2020. the automaker has sold under 387,000 vehicles. this quarter marking a 20% decrease in sales from the final 3 months of the year. tesla believes the decline in sales volume is do too factory shutdowns in china and europe. analysts vehicle competition is adding - to the low demand for their cars >> santa clara county nurses are now on strike and expected to last for the next few
tesla is denying those allegations. tesla is also facing a lawsuit in the south bay after a 2 year-old was behind the wheel of a car when it accidentally crashed into his pregnant mother. that case is set to go to trial next week. the crash happened back in 2018. the mother says the tesla was parked in the driveway. winter sun crawled into the driver's seat and somehow turn the car on. she says he then crashed into their garage pending, heard the garage wall. the lawsuit accuses tesla of...