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Apr 20, 2024
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but in tesla's case, it's a little extra. also people want to know how many cybertrucks are out there, how many are coming in the next few months, and what may be on the horizon to sort of give this company a boost after suffering through a lower stock price, lower sales, and a lower delivery number. >> elon musk has a lot on his plate. it's remarkable really that he can run so many different companies, so many different high-profile companies at that. >> right. that's some of the criticism he gets is that perhaps he's not focusing enough on these cars. after all, tesla -- and its earned its valuation as a tech company. i get that. but ultimately, it runs and goes on how many cars it sells. and if that slows down, they've got to kick-start the company somehow. >> thank you for your insight. >> up next, a cal student about to make history on the berkeley city council. so why did she run? she's going to join us in just a minute. norman, bad news... i never graduated from med school. what? but the good news is... xfinity mobile
but in tesla's case, it's a little extra. also people want to know how many cybertrucks are out there, how many are coming in the next few months, and what may be on the horizon to sort of give this company a boost after suffering through a lower stock price, lower sales, and a lower delivery number. >> elon musk has a lot on his plate. it's remarkable really that he can run so many different companies, so many different high-profile companies at that. >> right. that's some of the...
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Apr 30, 2024
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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
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we're not quite at the tesla headquarters yet. we're actually at the warm springs bart station here. this is where we heard where the protest was going to start today and through what we're hearing on social media was going to move from the warm springs park station here in fremont down to that tesla headquarters there. now, as you guys were saying, this is the 3rd major protests we've seen throughout the bay area today. first will be on the golden gate. then 80 near oakland and that now here at the bart station, the warm springs, bart station here in fremont now looking at social media post, people organizing this bay, we're going make their way down to the tesla headquarters. people have been gathering here at the parking lot at the warm springs, bart station for the last maybe about 45 minutes or numbering about maybe 2, 3, maybe 4 dozen people. and again, like i said, be working to make their way down to the tesla headquarters, we're going to be working to find out more information about the reasoning behind the tesla headquar
we're not quite at the tesla headquarters yet. we're actually at the warm springs bart station here. this is where we heard where the protest was going to start today and through what we're hearing on social media was going to move from the warm springs park station here in fremont down to that tesla headquarters there. now, as you guys were saying, this is the 3rd major protests we've seen throughout the bay area today. first will be on the golden gate. then 80 near oakland and that now here...
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Apr 16, 2024
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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 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 23, 2024
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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 29, 2024
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the local governments restricted tesla cars and now lifting those restrictions tesla's china vp posted on the social media that the discussion between elon musk and the premier had pertained to the importance of a.i. and autonomous driving as key to the future of evs. numerous reports are saying that tesla is very close or has a tentative nod from beijing for the full-self driving or fsd software for china and the chinese tech giant baidu would provide the mapping data baidu and tesla are not commenting on this musk has been aiming for beijing approval to allow the data to be transferred overseas to help with the algorithm for autonomous driving back home we would see tesla capitalize on the push to promote evs as well as autonomous technology to strengthen his technology back home >> eunice, i see reports that tesla was part of the first automakers that met the standard are any of the companies pressuring tesla on market share or price and did they meet the requirement? >> reporter: byd had also met compliance, but no other foreign company has here this is interesting in what it means
the local governments restricted tesla cars and now lifting those restrictions tesla's china vp posted on the social media that the discussion between elon musk and the premier had pertained to the importance of a.i. and autonomous driving as key to the future of evs. numerous reports are saying that tesla is very close or has a tentative nod from beijing for the full-self driving or fsd software for china and the chinese tech giant baidu would provide the mapping data baidu and tesla are not...
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Apr 29, 2024
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data security, tesla is american. they've been keeping data onshore in shanghai since 2021 or two, so they are complying. coincidentally or not, yesterday afternoon, the chinese administrative automobile manufacturing said the tesla model 3 in the model y past data security reviews done by chinese authorities. so maybe that is one hurdle for tesla. but they see china and india down the road as growth markets for tesla. that is why he is here, meeting his old acquaintance. annabelle: stephen engle there. you can get a roundup of stories to get your day going in daybreak. subscribers can find that on your terminals and it is available on mobile for bloomberg anywhere. customize the industries and assets that matter to you. this is bloomberg. ♪ annabelle: taking a look at major currency pairs, a little movement coming through. watching the yen closely. as we have been discussing, going to 160. which makes the risk of intervention in play. we're continuing to track that. japanese equity markets are shut. we are just see
data security, tesla is american. they've been keeping data onshore in shanghai since 2021 or two, so they are complying. coincidentally or not, yesterday afternoon, the chinese administrative automobile manufacturing said the tesla model 3 in the model y past data security reviews done by chinese authorities. so maybe that is one hurdle for tesla. but they see china and india down the road as growth markets for tesla. that is why he is here, meeting his old acquaintance. annabelle: stephen...
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Apr 2, 2024
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tesla is moving under the 50-day moving average. over the last few days, trending higher. 180 is the key level on shares? >> i would say for the short-term pop. if it got through 180, you might see people starting to jump in. certainly we know cathie wood buys all of the dips. that could bring it back to 200 or 215. why i'm making this case is because the technicals will be impacted by that until there is innovation and then self-driving cars is the biggest. we could see the stock breakdown from here to 150 and if it can't hold there, 110. that is when you will start to see real value. >> michelle, we have to leave the conversation. th there. thank you. >>> coming up on "worldwide exchange," a pair of spinoffs from ge making their debut this week. what history has to say about the stocks and how they perform in the long run. if you haven't already, follow our podcast on apple or spotify or other podcast apps. more "worldwide exchange" coming up after this. trading at schwab is now powered by ameritrade, unlocking the power of thinko
tesla is moving under the 50-day moving average. over the last few days, trending higher. 180 is the key level on shares? >> i would say for the short-term pop. if it got through 180, you might see people starting to jump in. certainly we know cathie wood buys all of the dips. that could bring it back to 200 or 215. why i'm making this case is because the technicals will be impacted by that until there is innovation and then self-driving cars is the biggest. we could see the stock...
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Apr 22, 2024
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ed: it's specific to tesla and elon musk. we got white a lot of pushback on the big tech about the use of the word chaos. it is chaos internally. these were deep layoffs that were staggered over seven days. people believe they were safe and then found out last night they are not. investors at the heart of their thesis, a single cheap ev was everything but that's not happening anymore. for others, they price the stock-based on only robotaxi away from legacy wall street. those are considerations the other automakers don't have to think about. they are just trying to convert from combustion engine to ev on the one wildcard as elon musk himself. my understanding is that he will come back to paying attention to tesla and look at what's happened in the first three months of the year and said no, we are doing a different way, my way. sonali: we thank you so much for your time, don't miss his story on bloomberg.com and the terminal. tesla one of the worst performers on the s&p 500 this year so far. coming up next, we will talk about
ed: it's specific to tesla and elon musk. we got white a lot of pushback on the big tech about the use of the word chaos. it is chaos internally. these were deep layoffs that were staggered over seven days. people believe they were safe and then found out last night they are not. investors at the heart of their thesis, a single cheap ev was everything but that's not happening anymore. for others, they price the stock-based on only robotaxi away from legacy wall street. those are considerations...
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Apr 22, 2024
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up next on the program, it is tesla's tipping point. >> this a lot to look forward to in 2024 and tesla is currently between two major growth waves. we are making sure that next growth wave driven by next gen vehicle, self-driving projects is executed as well as possible. jonathan: that conversation up next. live from new york, this is bloomberg. ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. but i couldn't find pilates anywhere. so i started my own studio. and with the right help, i can make this place i love even better. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. ♪ jonathan: 41 minutes away from the opening bell, equities positive by 0.1% on the s&p. 4.63.94. under surveillance this morning is
up next on the program, it is tesla's tipping point. >> this a lot to look forward to in 2024 and tesla is currently between two major growth waves. we are making sure that next growth wave driven by next gen vehicle, self-driving projects is executed as well as possible. jonathan: that conversation up next. live from new york, this is bloomberg. ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from...
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Apr 2, 2024
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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 2, 2024
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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 15, 2024
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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 24, 2024
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have you build up a stake in tesla? nancy: i don't think he wanted to -- i don't thing you want to chase the stock. it went up to $240 and we sold some and bought some back a little too early. i think what you want to look for is for most of us robotaxis sound crazy. i commute a third of a mile every day and coming and going icy a waymo in scottsdale. "anywhere without seeing they are ubiquitous. being second to that market is not a bad thing. i think elon and the company has been focused on improving that software. the software is slick and about 50% of drivers use it. the adoption rate will increase and the rest of us will come to the party at some point. ed: nancy, great to see you. i want to scratch a bit deeper at that, because it is completely black-and-white for musk. he could not be more clear to investors. if you don't believe in the autonomous driving vision, don't be an investor. what is interesting for institutional professional investors like you, somebody had an affordable ev at the heart of their thesis.
have you build up a stake in tesla? nancy: i don't think he wanted to -- i don't thing you want to chase the stock. it went up to $240 and we sold some and bought some back a little too early. i think what you want to look for is for most of us robotaxis sound crazy. i commute a third of a mile every day and coming and going icy a waymo in scottsdale. "anywhere without seeing they are ubiquitous. being second to that market is not a bad thing. i think elon and the company has been focused...
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Apr 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 22, 2024
04/24
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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 29, 2024
04/24
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it is a win that tesla _ some of the market from tesla. it 3 a win that tesla could use right now. if you look back at the most recent quarterly sales, it was the worst figure they had put out there in several years. a big part of that story is the chinese market, where competition is extremely fierce. we saw recently, although be wide deep, a chinese electric vehicle maker, posted some poor results recently, they did surpass tesla as the well�*s biggest seller of electric vehicles. that gives you an idea of how far the chinese market has come in recent years, but also how fierce the competition is locally. given the competition is locally. given the importance of that market to tesla, it is a win that tesla needs. thank you for that. let's head to turkey, where the national airline has announced that it is negotiating with both airbus and boeing about buying over 200 aircraft as part of its expansion plans. turkish airlines has also signed an agreement with rolls royce for the domestic manufacturing of aircraft components, valued at approximately us$20 billion. let's head live t
it is a win that tesla _ some of the market from tesla. it 3 a win that tesla could use right now. if you look back at the most recent quarterly sales, it was the worst figure they had put out there in several years. a big part of that story is the chinese market, where competition is extremely fierce. we saw recently, although be wide deep, a chinese electric vehicle maker, posted some poor results recently, they did surpass tesla as the well�*s biggest seller of electric vehicles. that...
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Apr 16, 2024
04/24
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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 2, 2024
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tesla is the news today. we forecasted we will see decline in q1 for tesla. if you look at they have two models, the y and the s carrying them forward but no big products recently. hopefully with the roadster in 2026 that will help them. new product really drives sales. for tesla they are in the in between wave that they mentioned where they had high-volume products and awaiting to launch this new one that will be more affordable, which the industry really needs. tesla has a lot of work ahead of it. when they have the earnings call it will be important for them to really lay out what the plan is to execute on that. caroline: love how you're going on the demand side of the equation. you focus predominately on the u.s. we talk a lot about some of the competition coming from chinese makers. d.c. shall me -- you see a new ev were on the first day of sales it looks as though bookings are north of 90,000. when you look at the u.s. demand-side how much is the competition an issue forward? was it really the lack of a new product that is the driver here? stephanie: i
tesla is the news today. we forecasted we will see decline in q1 for tesla. if you look at they have two models, the y and the s carrying them forward but no big products recently. hopefully with the roadster in 2026 that will help them. new product really drives sales. for tesla they are in the in between wave that they mentioned where they had high-volume products and awaiting to launch this new one that will be more affordable, which the industry really needs. tesla has a lot of work ahead...
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Apr 3, 2024
04/24
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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 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 15, 2024
04/24
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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 30, 2024
04/24
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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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tesla. they've been waiting for this, but what are they waiting for? the app is cool. you summon it. i summoned on uber last night, and there was a person in it driving it i like that. if not, i may not have liked that given the fact that i was in san francisco during a time where you didn't want driverless >> he did saying version 12 was "profound. we have uber and lyft moving on this lyft is down a percent >> i think we're in one of these in interregnum periods. everything that was bad is now good it's frontsy/backsy. remember the movie, "bananas"? everybody must wear underwear, and to ensure it, you have to wear it on the outside people probably don't know who woody allen is >> he has a movie in theaters, like, right now. >> that's the bad woody allen. >> haven't been a lot of good ones lately. >> it's almost comical how much everybody loves a free cash flow story that's horrendous. >> if i'm not mistaken, "sleeper," there were autonomous automobiles >> there were all kinds of gadgets. >>
tesla. they've been waiting for this, but what are they waiting for? the app is cool. you summon it. i summoned on uber last night, and there was a person in it driving it i like that. if not, i may not have liked that given the fact that i was in san francisco during a time where you didn't want driverless >> he did saying version 12 was "profound. we have uber and lyft moving on this lyft is down a percent >> i think we're in one of these in interregnum periods. everything...
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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 17, 2024
04/24
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we'll see what tesla promises at its upcoming announcement this summer. back to you. >> thank you, scott. >>> all right. speaking of summer, we are now 100 days out from the summer olympic games. and here we go, a live look at paris. all day here on nbc bay area, we are counting it down. >> the lineup for the latest dream team may provide a boost to warriors fans feeling a little blue. the roster just out for team usa's men's basketball team, and it is star studded. it includes 12 nba players, seven are former olympic goad medalists, including lebron james and kevin durant. for the first time, steph curry will be shooting for gold, making his olympic debut. he should now have some time to rest up after the warriors bowed out of the postseason last night in sacramento. probably why he's able to play in the olympics. >> that's true. he's not alone there. bay area athletes, one of them who has punched his ticket to the games is an east bay native who started his sport just at 3 years old. >> little but mighty. gavin thomas has c.j. nicholas' story. >> report
we'll see what tesla promises at its upcoming announcement this summer. back to you. >> thank you, scott. >>> all right. speaking of summer, we are now 100 days out from the summer olympic games. and here we go, a live look at paris. all day here on nbc bay area, we are counting it down. >> the lineup for the latest dream team may provide a boost to warriors fans feeling a little blue. the roster just out for team usa's men's basketball team, and it is star studded. it...
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Apr 23, 2024
04/24
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tesla since its ipo. you can see there only two years have been profitable for short sellers. this is on track to be one of them shorts are up about $9 billion guys >> that trade finally paying off there, kate. interesting stuff. thank you. >>> speaking of the magnificent seven, tesla shares trying to avoid their longest losing shares ever ahead of earnings tonight. we'll get you ready with one analyst warning of more pain ahead. strap in we'll get you ready. we're back after this. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants t
tesla since its ipo. you can see there only two years have been profitable for short sellers. this is on track to be one of them shorts are up about $9 billion guys >> that trade finally paying off there, kate. interesting stuff. thank you. >>> speaking of the magnificent seven, tesla shares trying to avoid their longest losing shares ever ahead of earnings tonight. we'll get you ready with one analyst warning of more pain ahead. strap in we'll get you ready. we're back after...
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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
04/24
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tesla reports tomorrow. shares down about 4.6% at the moment, adding to what has been a rocky here for tesla. you also have on semi hitting lows. currently, shares off by about 2%. as we have been mentioning all show, it is a consequential week for corporate america with nearly $17 trillion in s&p market cap reporting this week ahead of what will be a very big week. the s&p 500 is still green but just so. we had been about .5% higher earlier in the session. you can see gains slipping a little bit. that follows three straight weeks of losses. we have not seen that since september of 2023. take a look at the nasdaq 100. i'm going to call it unchanged. sentiment clearly souring as trading gets underway on this monday ahead of tesla's earnings tomorrow. other tech giants take the stage including the likes of meta. "bloomberg technology" is coming up next. that does it for "bloomberg markets." i am katie greifeld and this is bloomberg. ♪ announcer: from the heart of where money, and innovation collide in silico
tesla reports tomorrow. shares down about 4.6% at the moment, adding to what has been a rocky here for tesla. you also have on semi hitting lows. currently, shares off by about 2%. as we have been mentioning all show, it is a consequential week for corporate america with nearly $17 trillion in s&p market cap reporting this week ahead of what will be a very big week. the s&p 500 is still green but just so. we had been about .5% higher earlier in the session. you can see gains slipping a...
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Apr 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 16, 2024
04/24
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this time we are talking about tesla. >> tesla is cutting more than 10,000 jobs. let's bring in got woman who is outside the tesla factory in fremont. scott, what do you know? >> reporter: good evening jessica and ross. over the past couple of months , tesla has already seen your car deliveries, they see declining stock price and they brought in complaints about cyber trucks. just today, the company announced a 10% reduction in its workforce. a 10% cut in tesla's workforce means about 14,000 employees. in a memo ceo elon musk says the move is necessary to prepare them company for its next wave of growth. some blame musk and others for driving customers away. >> he has made it difficult, he expresses white supremacist views on a daily basis, it's really hard to sell anything in that environment. >> ross garber invest in and drives a tesla but he says he hears from frustrated would-be owners regularly, especially those waiting for the company's new cyber truck. >> tesla taking tons of money for people from cyber trucks that they bought, that should be delivered, tha
this time we are talking about tesla. >> tesla is cutting more than 10,000 jobs. let's bring in got woman who is outside the tesla factory in fremont. scott, what do you know? >> reporter: good evening jessica and ross. over the past couple of months , tesla has already seen your car deliveries, they see declining stock price and they brought in complaints about cyber trucks. just today, the company announced a 10% reduction in its workforce. a 10% cut in tesla's workforce means...
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Apr 3, 2024
04/24
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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 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—off, 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 to come announced it speeding up the launch of a lower—priced vehicle from affordable models could be a boon for cash—strapped consumers, and a hit worldwide like china and india. tesla's shares 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 the numbers weren't great, i think what ha
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—off, 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 30, 2024
04/24
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it is also a money spinner for tesla. it is estimated by the end of the decade supercharging will be a $3 billion a year business for tesla. for that stuff to slow down, it leaves some question marks over what the plan is for the network, how big it will be and what kind of access it is going to be for ev drivers. not just for tesla drivers but across the whole ev spectrum. haidi: peter vercoe there with the latest on changes for tesla. let's get to banking. the hsbc ceo noel quinn is stepping down in an unexpected move as they try to navigate deteriorating ties between china and the u.s. for more let's bring in russell ward. this came as a shock to a lot of people. what do we know about noel quinn's departure? russell: this was a big surprise , coming during an otherwise relatively uneventful earnings season report. noel quinn said he is going to resign but he will stick around while they choose a new candidate. that process is already underway. it is being led by chairman mark tucker. it is going to be a smooth transiti
it is also a money spinner for tesla. it is estimated by the end of the decade supercharging will be a $3 billion a year business for tesla. for that stuff to slow down, it leaves some question marks over what the plan is for the network, how big it will be and what kind of access it is going to be for ev drivers. not just for tesla drivers but across the whole ev spectrum. haidi: peter vercoe there with the latest on changes for tesla. let's get to banking. the hsbc ceo noel quinn is stepping...
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Apr 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 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." tesla would 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 cristina, who's currently in remission from her cancer. but there's no court date set yet. zoe kleinman, bbc news. her stay in number 10 lasted just 45 days — before liz truss was forced to stand down as prime minister in 2022, following a mini budget that sparked economic turmoil. now, in a new interview ahead of the release of her book, she's revealed her hopes of a donald trump victory in the upcoming us election,and admitted how she'd welcome nigel farage as a tory mp. she's been speaking to our political editor chris mason. talk directly to the viewer, the listener who, whatever their politics, says that your time as prime minister left the uk as an international laughing stock. well, i don't... i don't think that's true. but you lasted, all the stuff about lastin
on its website, tesla says safety is the most important part of every tesla. "we design our vehicles to exceed safety standards." tesla would 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 cristina, who's currently in remission from her cancer. but there's no court date set yet. zoe kleinman, bbc news. her stay in number 10 lasted just 45 days — before liz truss was forced to...
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Apr 23, 2024
04/24
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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 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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CNBC
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fcx says that more teslas are going to be soda fcx goes down, it's going to be fewer teslas i wish there was more to it than that, but that's the algorithm if people want to understand what tesla is being valued at. watch copper first >> highest since april of 2022 today. more broadly, jim, about the market, we've mentioned best week in a six months or so nice piece out of morgan stanley today, strong aggregate earnings surprises, up 9%, best in about three years. >> that was very positive piece. i would say, cost is a little bit more, 10%, by saying it's really the companies with the highest quality growth that are going up of course, the highest quality growth is the megacaps so, the broader range of the morgan stanley could trump everything david, we do have animal spirits last week that were quite impressive you report google, and google goes up, and then it goes up, and then it goes up. i mean, has like three ways to go up. >> as the week ended, of course, on the strength of both alphabet and microsoft's earnings, you think that was animal spirits there? >> well, i did think it. now
fcx says that more teslas are going to be soda fcx goes down, it's going to be fewer teslas i wish there was more to it than that, but that's the algorithm if people want to understand what tesla is being valued at. watch copper first >> highest since april of 2022 today. more broadly, jim, about the market, we've mentioned best week in a six months or so nice piece out of morgan stanley today, strong aggregate earnings surprises, up 9%, best in about three years. >> that was very...
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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 30, 2024
04/24
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BBCNEWS
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for apple and tesla investors the big question is how are they doing in china? elon musk�*s car companyjust got good news on that front. tesla cleared a major hurdle for its full self driving technology in china after years of trying. this is a key moment for the electric car maker. it faces fierce domestic
for apple and tesla investors the big question is how are they doing in china? elon musk�*s car companyjust got good news on that front. tesla cleared a major hurdle for its full self driving technology in china after years of trying. this is a key moment for the electric car maker. it faces fierce domestic
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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 2, 2024
04/24
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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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FBC
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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...
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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 22, 2024
04/24
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BLOOMBERG
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>> what is going on at tesla is a great question. it's been a crazy week even by elon musk standards. tesla will cut 10% of their global workforce, 40,000 jobs. they came out in a late night memo last sunday. then this week there was the recall of the cyber truck, all the ones they sold so far had to be recalled to ask a fault. tesla is trying to put the pay package for elon back to shareholders for a vote for approval and then the news about the price cuts commit discounts to self-driving package in america and then the last-minute decision to cancel the trip to india scheduled for this week all is ahead of what is shaping up to be a crucial earnings call tuesday. the numbers are looking pretty bad. we've seen a drop in the first quarter deliveries. investors will be looking for clarity from elon musk about what is happening at tesla and what the strategy is going forward. annabelle: and is it something that is likely to deliver? can he give a level of transparency? >> who knows? he is material at best -- mere great -- he is mercuri
>> what is going on at tesla is a great question. it's been a crazy week even by elon musk standards. tesla will cut 10% of their global workforce, 40,000 jobs. they came out in a late night memo last sunday. then this week there was the recall of the cyber truck, all the ones they sold so far had to be recalled to ask a fault. tesla is trying to put the pay package for elon back to shareholders for a vote for approval and then the news about the price cuts commit discounts to...
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Apr 23, 2024
04/24
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BLOOMBERG
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when it comes to tesla, the problems continue. overnight we have an exclusive story about the newly formed marketing team part of those companywide layoffs. this was supposed to be to get the message out in advertising. when you saw the inflation reduction act and tax subsidies, a lot of people bought ev's. now the demand is starting to wane. jonathan: we have had problems not just for tesla but apple as well. more bad news for apple. iphone sales in china falling 19% during the march quarter, the worst performance there since covid in 2020. anne-marie: it is losing market share. this is a more important point that they are taking over which raises the question, how do they get a foothold. this is the reason why apple, tesla, they are in a world of their own. they are dealing with the china question in terms of demand but they are dealing with a broader demand question for their products which is why we are seeing this for sure -- fiss ure in big tech earnings. lisa: the most interesting number was huawei and comcast climbed. you
when it comes to tesla, the problems continue. overnight we have an exclusive story about the newly formed marketing team part of those companywide layoffs. this was supposed to be to get the message out in advertising. when you saw the inflation reduction act and tax subsidies, a lot of people bought ev's. now the demand is starting to wane. jonathan: we have had problems not just for tesla but apple as well. more bad news for apple. iphone sales in china falling 19% during the march quarter,...
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Apr 23, 2024
04/24
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FBC
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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 23, 2024
04/24
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tesla is stable. haslinda: peter in sydney, and you so much. we talked about cut in prices in china. a check on how stocks are doing in asia. head of tesla's earnings. check where we are. byd is down he in the opposite direction. as we count down to tesla's earnings, this is one company that cut prices not just in china, but other markets like u.s. and germany after disappointing sales. one more look at the chinese bubble tea maker chow by dow plunging 40% in its trading debut, underscoring the challenge the financial hub is facing. we have of companies, 10 companies have made ipo's to risk $300 million. chow by dow down 35% on its debut. that is it from bloomberg markets: asia. this is bloomberg. ♪ ahhh ahhh ahhh her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the
tesla is stable. haslinda: peter in sydney, and you so much. we talked about cut in prices in china. a check on how stocks are doing in asia. head of tesla's earnings. check where we are. byd is down he in the opposite direction. as we count down to tesla's earnings, this is one company that cut prices not just in china, but other markets like u.s. and germany after disappointing sales. one more look at the chinese bubble tea maker chow by dow plunging 40% in its trading debut, underscoring the...