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Apr 23, 2024
04/24
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tesla. we have just coming out us, more details on layoffs. 2688 workers have been terminated from the fauci in austin texas. it's a large number charles payne with me, tesla reports after the bell, a lot of talk they will go for broke taxi. if musk commits to the role of taxi in the future, he has to transform the complete all over again, doesn't he? >> he would have to to a degree but i don't think that's what wall street wants to hear about today. february 2023, medic experienced the worst stock decline in the history 90 individual stock want lost 300 billing and value. wall street wrote them off and said that it is done in the thing with meta versus dump. we saw maturation mark zuckerberg and called it efficiency. it was all about running a business like a business. that's what they want to hear from tesla today. maturation of elon musk as a business operator, not visi visionary. >> do think that's what they will here? is that your judgment? >> i think that's what he needs to do today. >
tesla. we have just coming out us, more details on layoffs. 2688 workers have been terminated from the fauci in austin texas. it's a large number charles payne with me, tesla reports after the bell, a lot of talk they will go for broke taxi. if musk commits to the role of taxi in the future, he has to transform the complete all over again, doesn't he? >> he would have to to a degree but i don't think that's what wall street wants to hear about today. february 2023, medic experienced the...
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Apr 23, 2024
04/24
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the robo taxi is essentially nai product, it would make tesla nai company. it's typical of musk to go out on a technological them. is done it before and he came out a winner. will investors accept another musk driven crisis from amanda so much on his plate. musk is the most dynamically creative entrepreneur in several generations, there was steve jobs. today we will see how far down the ai road he wants to take his business, the stock price, investors will back him in one more adventure. second hour of varney just getting started. the gentleman in the cow jacket is back, scott sheldonaddy a resident of the show, must goes from crisis to crisis couple investors back him one more time on the robo taxi? >> if they are smart they will stick with him. the only way when i got this topic when i thought about for two seconds my initial reaction was would you rather be, know what you know about the future going forward, what you don't know about the future going forward would you rather be ford or elon musk at tesla. i think the innovations, the technology and overal
the robo taxi is essentially nai product, it would make tesla nai company. it's typical of musk to go out on a technological them. is done it before and he came out a winner. will investors accept another musk driven crisis from amanda so much on his plate. musk is the most dynamically creative entrepreneur in several generations, there was steve jobs. today we will see how far down the ai road he wants to take his business, the stock price, investors will back him in one more adventure. second...
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Apr 23, 2024
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i want to bring in mike lee on tesla. mike, i'm waiting to hear about the robotaxi because if musk commits to it, that will be the transformation of tesla. what do you expect? if. >> stuart, i expect roses and sunshine when it comes to talking about the robotaxi. we'll really know more about that in august when they have their awe on the -- autonomous if day. tesla's been working on this for a long time, and when you look at the speed of change that's going on with artificial intelligence and generative a.i., it's something that's going to be here, i think, a lot sooner than people think. i think the overhang for tesla is wall street's numbers for driverly ares might be a little bit too high for the rest of this year and next year. i think that has a lot less to do with macro concerns and we sixer but the hype around electronic vehicles around the last few years was huge, and so i think that a pulled forward a lot of purchases that people would have waited on. and so demand is going to take a little while to recover, and
i want to bring in mike lee on tesla. mike, i'm waiting to hear about the robotaxi because if musk commits to it, that will be the transformation of tesla. what do you expect? if. >> stuart, i expect roses and sunshine when it comes to talking about the robotaxi. we'll really know more about that in august when they have their awe on the -- autonomous if day. tesla's been working on this for a long time, and when you look at the speed of change that's going on with artificial intelligence...
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Apr 22, 2024
04/24
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i want to start with tesla what is your forecast, that stock is $140 a share, 142 and heading south. what is going on. >> is no longer just about elon musk and what he can do in the mindset of innovating and delivering dollars to every shareholder. it's about electric vehicles and the fact of the matter is he designed to get too complicated what is not ready for electric vehicles in the government pushing the monist was a bad idea and it messed up the free market. i say the government intervention slowed down technology innovation within the electric vehicle sector look at ford, gm and unprofitable all the subsectors within the industries are within electric vehicles ford lost three or 4 billion on ev's and if the government let the free market work properly, more people would be willing to adopt electric vehicles and we would be further along with infrastructure span then we were at to make sure people actually want them and charging them properly and get to where they're going. stuart: difficult situation for elon musk down to 142. big tech earnings will they set the market directi
i want to start with tesla what is your forecast, that stock is $140 a share, 142 and heading south. what is going on. >> is no longer just about elon musk and what he can do in the mindset of innovating and delivering dollars to every shareholder. it's about electric vehicles and the fact of the matter is he designed to get too complicated what is not ready for electric vehicles in the government pushing the monist was a bad idea and it messed up the free market. i say the government...
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Apr 22, 2024
04/24
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position. >> unfortunately for tesla i think the trouble has just begun. as you said the stock is in freefall nothing has gone right for elon musk at tesla the bloom is off the rose for ev's, young china that is able to produce evey's very inexpensively, they have access to the batteries in the components that are needed in ev, and 60% of all electric vehicles are being purchased in china, elon musk cannot compete unless he beats the chinese market, right now he is protected in the u.s., big tariffs, 25% tariffs so the chinese cannot compete here but he can compete there and that is crushing them. >> the stock is $140 a share it's lost 70 billion in market cap, do you think the stock is going lower. >> i think it is the entrance $100 a share and i may buy it but it's going to go lower. >> this week big tech earning several major-league tech companies will announce the earnings, they have got to show the a.i. is helping their bottom line. if they cannot show that they could be disappointed. >> the three companies that are coming out, we have data, we have a
position. >> unfortunately for tesla i think the trouble has just begun. as you said the stock is in freefall nothing has gone right for elon musk at tesla the bloom is off the rose for ev's, young china that is able to produce evey's very inexpensively, they have access to the batteries in the components that are needed in ev, and 60% of all electric vehicles are being purchased in china, elon musk cannot compete unless he beats the chinese market, right now he is protected in the u.s.,...
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Apr 19, 2024
04/24
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lauren: tesla, meta, google, microsoft. stuart: show me the 10-year treasury, please. i like to know the yield. it is coming down a fraction, still at 4.61. gold, on the upside today because of the events in fact middle east but not as much as it was before. it had been well above $2400, now it's right at $2400. bitcoin, as we told you, went from $59,000 to 6,6 -- 64,6 in just a matter of hours. the price of oiling well, that spiked to $89 a barrel, now it's down to $83. how about that? interesting movements on the market today. >>> coming up, britain's former prime minister, liz truss, she says trump has to win. she's warning against the deep state in america. of she's going to join me on set in the 11:00 hour. p. ray easily was a former intern for barack obama. now she's a proud conservative and trump supporter. what changed? i'll ask hersh she's going to be on the show. day four of the trump trial. will the former president testify? should he testify? trump's attorney, alina habba, next on that. ♪ ♪ trading at schwab is now powered by ameritrade, giving traders
lauren: tesla, meta, google, microsoft. stuart: show me the 10-year treasury, please. i like to know the yield. it is coming down a fraction, still at 4.61. gold, on the upside today because of the events in fact middle east but not as much as it was before. it had been well above $2400, now it's right at $2400. bitcoin, as we told you, went from $59,000 to 6,6 -- 64,6 in just a matter of hours. the price of oiling well, that spiked to $89 a barrel, now it's down to $83. how about that?...
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Apr 18, 2024
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stuart: how about tesla? lauren: yeah, ax owes axios isg that in order for musk to win on the pay package, axios said he needs to convince the shareholders that are sitting on substantial losses they might be annoyed and might not vote yes even thiothece well liked and tesla is down. stuart: other problems beside the pay package and all kinds of stuff. nike. lauren: caitlyn clark signed with indiana fever, $76,000 in her rookie year, but reportedly clark is nearing an eight f igure, $10 million+ endorsement deal with nike and could get her own sneaker. that's a big deal. she'll get the money somehow. hope she does. stuart: i hope she does too. $76,000 for a first year ain't match. lauren: nope. stuart: senate republicans c alling for investigation into the popular app temu, t-e-m-u. it's owned by china. what the concerns are. a judge in el paso begging state officials for help. he says that jails are near 100 capacity and no other resources to hold more migrants. the full story coming up. military analysts sa
stuart: how about tesla? lauren: yeah, ax owes axios isg that in order for musk to win on the pay package, axios said he needs to convince the shareholders that are sitting on substantial losses they might be annoyed and might not vote yes even thiothece well liked and tesla is down. stuart: other problems beside the pay package and all kinds of stuff. nike. lauren: caitlyn clark signed with indiana fever, $76,000 in her rookie year, but reportedly clark is nearing an eight f igure, $10...
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Apr 18, 2024
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i want to know what's going on with tesla because it down again, one hundred 50. lauren: it had 149, 15 month low. deutsche bank downgrading them, they go to hold and cut the price target to one hundred 23. the only reason deutsche bank said they had a by was because they were really hopeful about that $25,000 card of the model 2. they expect that to be delay. elon musk going to address any of this with investors when they report earnings tuesday? you need a growth catalyst. the robot taxi, great, but seems a far way off. stuart: next case is dr horton. neil: raise the revenue forecast for the year, set up 3%. it had been up more than that, the largest in the country, they say home closures grew 15% in the quarter and those homes combined valued at $8.5 million. stuart: what's wrong with las vegas sands, down again today, 9%. 9%. >> 3 brokerages cut their price targets and all of a sudden weakness, not the tourism isn't bad but it went under recommendation and things are not where they need to be. that's a harsh reaction. stuart: thank you. throw out -- i'm gettin
i want to know what's going on with tesla because it down again, one hundred 50. lauren: it had 149, 15 month low. deutsche bank downgrading them, they go to hold and cut the price target to one hundred 23. the only reason deutsche bank said they had a by was because they were really hopeful about that $25,000 card of the model 2. they expect that to be delay. elon musk going to address any of this with investors when they report earnings tuesday? you need a growth catalyst. the robot taxi,...
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Apr 17, 2024
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stuart: $15 aon tesla -- 155 on tesla. united airline, they're surging 11%. lauren: look atta. and taking the airlines with them. this is despite a $200 million hit because of the boeing safety crisis. united sees a strong spring and summer travel season. they lifted their forecast for this quarter, if this is happening as the boeing whistleblower will be on capitol hill today. the united ceo says the dreamliner, which the whistleblower says can fall apart midair, is safe. stuart: yeah. that's pretty dramatic testimony, fall a apart in midair. hal get your attention. united up 11%. interesting. thanks, lauren. >>> coming up, attorney general merrick garland says president biden has no mental impairment. that's not what special counsel robert hur said, and that's not what we see on a daily basis. bill hemmer has the story coming up shortly. >>> senator josh hawley ripped into energy secretary granholm for misleading congress on her stock ownership. watch this. >> you have violated the stock act nine separate times. you have been referred by the inspector general for violations o
stuart: $15 aon tesla -- 155 on tesla. united airline, they're surging 11%. lauren: look atta. and taking the airlines with them. this is despite a $200 million hit because of the boeing safety crisis. united sees a strong spring and summer travel season. they lifted their forecast for this quarter, if this is happening as the boeing whistleblower will be on capitol hill today. the united ceo says the dreamliner, which the whistleblower says can fall apart midair, is safe. stuart: yeah. that's...
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Apr 17, 2024
04/24
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stuart: show me tesla this morning, please. it's down 37% this year and right now trending at 155 per share. garrett nelson is with me, this is he is a tesla analyst. is he's a buying opportunity at $155 right now? >> yeah, tanks for having me. we think so concern thanks for having me. we really think the stock the's risk-reward profile is much for favorable at these levels. remember, tesla shares more than doubled last year. we argue the sock was overdue for a correction -- the stock was overdue for a correction. now you've got this pretty steep correction so far in 2024, and we argue that the various challenges that tesla faces are now very well understood by investors. they're had gross margin contraction, you have overall ev market oversaturation, you've had some production issues with the cyber truck and then the you have questions surrounding its next-gen ev model and when that might be rolled out. tease issues are well understood by investors, but no question they're the hit a speed bump recently. and takes are -- stakes
stuart: show me tesla this morning, please. it's down 37% this year and right now trending at 155 per share. garrett nelson is with me, this is he is a tesla analyst. is he's a buying opportunity at $155 right now? >> yeah, tanks for having me. we think so concern thanks for having me. we really think the stock the's risk-reward profile is much for favorable at these levels. remember, tesla shares more than doubled last year. we argue the sock was overdue for a correction -- the stock was...
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Apr 16, 2024
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stuart: should i pick up tesla on a bargain at 156? >> you should. lauren makes very good points but looking at the stock, you're looking at a year and two years on this name. there is a market for them and knock on tesla last year was all the competition and all the competition is falling by the wayside and i believe that elon musk will get this right and i think he's the right man to do it. when this turns as you saw with the row bo taxis and turns q uickly. stuart: mark cuban asked if he sends money to the government when he's in favor of billionaires paying their fair share. he said i pay what i owe. cannabis delivery service t hreatening to go on strike. we'll tell you why. and a record number of chinese migrants, chinese nationals have been arrested crossing the southern border. most of them go to san diego, california. kongman darryl issa is here to discuss that next. you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a yea
stuart: should i pick up tesla on a bargain at 156? >> you should. lauren makes very good points but looking at the stock, you're looking at a year and two years on this name. there is a market for them and knock on tesla last year was all the competition and all the competition is falling by the wayside and i believe that elon musk will get this right and i think he's the right man to do it. when this turns as you saw with the row bo taxis and turns q uickly. stuart: mark cuban asked if...
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Apr 16, 2024
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tesla is down another 3 points. lauren: it is only tuesday. jpmorgan is commenting, jpmorgan caught my eye commenting on the largest layoff ever, 10% of air force, this doesn't show a supply problem at tesla but there's a demand problem. they stay underweight, price target is 15. hsbc sees a 40% share price gain, price target goes to $225, stocks at one hundred 62. they expect 10% market share by next year. the reason is ai, amd, ai chip. stuart: netflix reports thursday. all kinds of predictions. lauren: ahead of that we have mcquarrie increasing the price range at $6.17. stuart: caitlin clark is the number one pick of the wnba draft, you won't believe what she makes as a rookie. we will break down a shocking contract. university of southern california cancels it speech at graduation claiming safety concerns over students pro-palestinian stats. we are all over that one. breaking overnight, the house voting to sanction china's purchases of uranian oil. that could have huge financial consequences. hillary vaughan has the report from capitol hil
tesla is down another 3 points. lauren: it is only tuesday. jpmorgan is commenting, jpmorgan caught my eye commenting on the largest layoff ever, 10% of air force, this doesn't show a supply problem at tesla but there's a demand problem. they stay underweight, price target is 15. hsbc sees a 40% share price gain, price target goes to $225, stocks at one hundred 62. they expect 10% market share by next year. the reason is ai, amd, ai chip. stuart: netflix reports thursday. all kinds of...
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Apr 15, 2024
04/24
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you're looking at movers and i think tesla is seriously moving. lauren: this is one of the worst performing stocks this year. reportedly they're cutting more than 10% of global work force. ev demand is down, competition is up. elon musk sends e-mail to employees and said the company needs to reduce cost skin crease productivity and stock on another 3.5% one more thing. two key executives announcing resignation on elon musk's x. stuart: oh, really. that's interesting. lauren: in charming of battery division and something else. stuart: spirit airlines in a lot of trouble. lauren: stock up 7% and up 3.5 now? out with preliminary first q uarter results results and cosc oming down for labor and rent to the airports and that'll help boost margin when is they report for the first quarter. stuart: earlier this morning and trump media dropped below 30 a share and down another 16%. they are selling millions of additional shares in coming months including donald trump's stake. he owns a 58% stake and that's valued around $2.5 billion. he's set to receive ano
you're looking at movers and i think tesla is seriously moving. lauren: this is one of the worst performing stocks this year. reportedly they're cutting more than 10% of global work force. ev demand is down, competition is up. elon musk sends e-mail to employees and said the company needs to reduce cost skin crease productivity and stock on another 3.5% one more thing. two key executives announcing resignation on elon musk's x. stuart: oh, really. that's interesting. lauren: in charming of...
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Apr 15, 2024
04/24
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stuart: i'm dying to see tesla and see how they open. there down 168. >> the bad news keeps on coming, electric is reported that the cutting 10% staff that is 15000 workers, managers were identifying the critical team members they can stay but the operating as a startup but there 20 years old. at some point you should not have to announce job cuts reportedly this big. elon musk talking about the next growth cycle for the company, what that is i don't know full self driving, robo taxis, there are also reports of elon musk has caused the deliveries for the cyber check for one week within a. issue with accelerated. stuart: one piece of bad news after another. he keeps on coming. stuart: meta, they have vr goggles. are they going to be used in schools. >> this fall. >> kids over the age of 15 will have the opportunity to wear the headset and class in the classroom for an immersive setting. if you are learning about the coliseum in rome, why don't you take a trip there, it could be very cool to experience history but how did giving all the ki
stuart: i'm dying to see tesla and see how they open. there down 168. >> the bad news keeps on coming, electric is reported that the cutting 10% staff that is 15000 workers, managers were identifying the critical team members they can stay but the operating as a startup but there 20 years old. at some point you should not have to announce job cuts reportedly this big. elon musk talking about the next growth cycle for the company, what that is i don't know full self driving, robo taxis,...