Tesla's Earnings Call Was a 'Train Wreck,' Says Ives
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- เผยแพร่เมื่อ 24 ม.ค. 2024
- Dan Ives of Wedbush Securities says the earnings call for Elon Musk's Tesla was a "train wreck." Ives says they needed an "adult in the room," and no one showed up. Tesla narrowly missed on earning estimates after the company cut prices to boost sales. He is on "Bloomberg Surveillance."
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Who wants to wait a decade to get lost money back from investing in Tesla at these levels. For Ives to say Tesla will have a trillion dollar valuation in the near term is laughable. Based on what? Pure speculation on unrealistic assumptions.
Maybe the robotics?
It's based on absolutely NOTHING
Tesla was a one hit wonder. A modern age DeLorean
That's not a sustainable car business
@@Dre2Dee2 They attract the world's leading talent and are the most well positioned to solve FSD given that they have both the talent, inference compute resources and data pipeline built out. If you believe that FSD will not come to fruition then fair enough.
The thing that will take Tesla to $1T is Tesla Energy. Energy is the biggest sector in the economy, and Tesla is in pole position to dominate the World electrical grid with their MegaPack. Tesla projects a 3000× battery capacity increase is required to transition to renewables. They just increased production by 125% you. And they are earning 50% profits with a 2 year wanting list. It's basically a mint.
MegaPack is another pipe dream. The current battery storage technology is not an attractive solution. Way too expensive for what you get. @@virtual-viking
They misinterpreted “I’m not looking for additional economics”. This statement from Musk was about the prospect of dual class shares, not the future earnings of Tesla. In essence, he’s saying he doesn’t seek a 25% economic stake in Tesla, but rather 25% voting rights. This is an important and fundamental point to have misunderstood.
Bad faith reporting from biased and irrelevant MSM yet again
It is but Elon wanting back what he spent on Twitter makes a far better weapon.
@@danharold3087 yes, but they wrap it like it was about Tesla itself not looking for additional economic profits
He's saying he wants something for nothing. There's no reason to obscure that, unless you're a Musk simp.
@@samuelglover7685you forgot the "NOT".
Market Cap etc will explode.
This dude is definitely long and trying his best to keep from losing his shirt.
😂 I agree! Dude should have sold months ago.
No shit he’s long. How many times did he say he is a longterm Tesla bull just in this interview? Any other smart analysis, bud?
Why would he lose his shirt?
@@bboygaf3384 Be a gentleman -- no need to be rude.
@@timower5850 Because people don't know what long means.
Can everyone PLEASE stop pinning their hopes to FSD? Version 12 looks to be an order of magnitude better than 11, but there’s still no proof that level five autonomy is even possible.
exactly.
Without Lidar , FSD "L5" is fool's gold. I seriously doubt that regulators will approve in the future fully self driving cars without a Lidar and an array of other radars. I am the first person who would want a L5 for a commuter. Unfortunately Elon is promising it since 2017, for the next year
If I can find a surgeon to remove my brain I too could get a job as an analyst
And you could be a Nikola Motor investor..... 😂
Dan Ives is the analogy king 👑 😂
HaHaHaha People betting against Elon. They never learn.
The math is simple. Did Tesla sell more cars in 2023 than 2022? Yes. Buy more stock.
Hey I farted 😂
Can’t believe I exited my short before the call. Fck
hehe
Hahaha what were you thinking
😂
When you place a trade before earning you have 50/50 chances to win/lose. Is not a good risk/reward ratio
When are investors going to realise you mean Zero to Elon Musk.
That woman’s interpretation of what Musk said on the conference call is completely wrong. I can’t stand gaslighters like her.
When Musk said "I'm not looking for additional economics" that was referring to his own compensation, not the company's economics as this hack of.a reporter claimed.
Yep. Bad faith hack reporters
Hahaha 🤣
musk never misses an opportunity to lie.
If I got a million dollars each time space Karen has lied, I'd be a billionaire by now 🤣
Only fools believe what he says without being skeptical.
""I'm not looking for additional economics" that was referring to his own compensation" which was obviously a lie. Same as when he lied he bought twitter without 'caring about economics of it at all'.
If that dude says he doesn't care about the money, he most definitely cares about it.
I saw the cybertruck in a showroom 2 weeks ago and it was hideous. Should have bought puts then and there. Probably still not too late to buy puts, contrary to what this guy was saying the stock has no long term and likely will stabilize at a similar market cap as Ford
The truck looks like a home project where you have difficulties giving metal pieces a nice shape.
@@johnc4789 spot on. Yet people have been convinced to believe it is the truck of the future. An "all planet vehicle".
The truck looks like that car Homer Simpson made and a DeLorean had a love child
PUTS
It’s not just a car company. How much did Fords energy division make last year?
Tesla makes more money than ford and has no debt.
Another hindsight, expert investor
Train wreck? They keep growing cash and releasing new products. Just you talking heads don’t understand. Please keep making buying opportunities for us.
Their financials are abysmal compared to Ford or Toyota
@@kyle1235 This is an absolutely false statement. What metric are you using?
@@rb8049 The quarterly financials disclosed by each company as part of their SEC filings.
@@rb8049 The quarterly financial statements disclosed by each company for their SEC filings.
Yea that's why Toyota is 250 million in debt and Ford is over 100 million in debt. @@kyle1235
Lady is crazy , he wants 25% voting power , not money stocks
If it is not about money, why did he sell that stock in the first place?
He can't get 25% voting power without getting money stocks at the same time, so I don't believe for a second it is not about getting back that money he lost while buying twitter.
"The long term story, like FSD, is intact"... "Is it, though?" I've been riding Waymo FSD robotaxis in crowded downtown SF traffic now for over a month, instead of Uber. No humans behind the wheel, me sitting in the back seat. It's amazing how fast it has become a boring / everyday thing -- it's as mundane as a Uber ride now. Tesla FSD is nowhere near close to this kind of performance dealing with the randomness and chaos of a downtown big city environment.
Wrong
I'm buying more
FSD is not where Tesla becomes the most valuable company in the world. It's their energy storage and sub 30K EV.
The guy speaks like "The Californian" in SNL
2:44 you completely and intentionally misinterpreted what he said here. He said he wanted more shares so he can influence the direction of the company, not to enrich himself. You made it sound like he doesn't care if Tesla makes money.
You should be investigated and possibly sued for saying this as it had a negative effect on the share price.
bro you guys are really twisting the story. The reason that 24 productions are going to be lower is because they’re preparing for the new fleet of Tesla vehicles so of course they’re going to ramp up a little bit less because they’re gonna prepare for the new fleet.
Tesla number is one in AI. Every company has bumps in the roads it’ll bounce back.
remember, in the end tesla will deliver
Elon is undoubtedly a genius but when it comes to keeping investors and Wall Street engaged and optimistic, he’s fucking clueless…just the worst guy possible for that simple task!
Yeah, he just does not want to play the Wall St game but that screws over investors.
He knows the stock is overvalued. No car company should be in the top 10 of the S&P 500. Investors are playing themselves with these inflated valuations based on hopium.
Trainwreck? Trainwreck? What complete utter nonsense. Even after years of proving everyone wrong still we have idiots thinking they are right
Extreme negative bias, so sad.
I notice something about most analysts. When something is down they jump on top and stomp it down further. When something is up, they look up and marvel. I have bought more Tesla today. I believe in the long term vision of the CEO/Tesla.
Absolutely. Just look at the statistics. They couldn't have looked better.
I bought too!
@@0xszander0 is bro blind?
you will be left holding the bag.
Nice suit, love the light blue checkered design
Tesla is 80% an EV company. So why China tanking should effect it the least?
Nvidia, Microsoft, Google CEO's those are adults in a room. Regardless how lucrative a product is, the leadership team matters.
You invest in a petulant genius, you get a heart attack trying to figure out when to get out of your investment.
You invest in slow and steady opportunities and you thrive tremendously.
Absolutely, when I first heard MSFT CEO speak I knew right away he was a leader for the future and then hearing Elon, I have no idea what to think.
@@MarketMaker23 he has changed to adopt a lot of trumpisian characteristics. A lot of marketing type behavior and selling his character...not good
Nvda will crash more than 50% this year.
@@victoriadimon you short bro ?
All aboard the Elon cybertruck 😂
As all the car guys could tell you, it was a bad product. Wall Street is so cute thinking this was a tech company.
Who cares. Tesla is a BIG winner long term, and, for investors, that's all that matters.
Tesla building a plant in China moved China's car manufacturing capabilities years ahead. Most companies have to sign joint venture agreements with another company in China. After signing, China begins to learn the technology via the joint venture company. In this case, Tesla did not have to sign a joint venture agreement; however, I believe every production item used in the plant was analyzed and used in another car plant. He showed them how to create excellent car manufacturing. So now you have competition from China, who would have ever thought?
Bro, they dont even use the same battery type which is the most important technology in an Electronic car. The rest is bs that everybody knew for decades, meaning old tech. Top 5 Unis in stem, publishing in hard science Journals like nature are chinese universities.
Well they did say the whole point of tesla is to eccellerate the advant of electric vehicles.
Becareful what you wished for. You might actually get it!
the more a car becomes to complicated with more techology the more problems you will have keep technology simple.
They made Billions last quarter ….yeah sure if that’s a ‘Train Wreck”, I’ll happily take it any day of the week
They lost over $60B in market cap…
Today
Lol
@@itsAmeOFPthat’s only because people are emotional. It really has nothing to do with the performance of the company. It’s still a highly successful company
What exactly people wanted Elon to say?
Having guys like this makes Bloomberg look incompetent.
I bought 215 ..now it 185..it will be down more??i am new tranding in stock market..i have no idea
IMO can go to $150 this year. If it is nothing but a s-show year for Tesla, $130. Investment is a long term game.
Don't buy Tesla stock if you plan on selling it in less than 10 years. If you are long on Tesla, just keep buying. Price does not matter unless it is over $3,778.38/share.
@davidbeppler3032 I am new in stock market ..I have no idea about tesla..I don't know what I will do ..what I do now?which is better for me sell this?or keep?please tell me
@@user-oi1ix2mn4k Split your money to separate slots (companies). Under $1k each is a bit of a waste. And target at minimum 12 months to keep. Unless the crap hits the fan, there is no reason to sell. And then you are a bit late for the damage control, anyways.
Study the company, you are investing into. P/E of 80 is not typically viable (unless you are in the right place at the right time).
Tesla's problem to me is that it has not been delivered according to its P/E in the last few years. They might turn the ship, but I cannot see it. And as I have not invested in it, I will buy some other stocks. I actually have followed it only for two months now (bit very intensively). As I can not understand it, I will not buy it. The same goes to all Cryptos; for me those look like MLM (though I hope I would have bought a couple of Bitcoins at $1 as a joke (i.e. not even as a gamble)).
At the moment I am looking for dividend sharing companies for 10+ years to keep, that show promise for growth. Some have been keeping the promise, some have not. With one I had to dilute the average price by buying on the dip. Cannot win them all. But at least dividends keep coming and I can decide, if I spend it or invest it.
---
NOTE: dividends will always reduce the sales price accordingly (e.g. If the stock price is $10 and the company pays $2/share dividends, the stock price will dilute to $8 when dividends are released; dividend 'X' day/eligibility day is typically months before.
Bottom $140
Completely missed the Elon quote, wack journalism
Love the yellow trainers!!
Smart people get less tv time because they emphasize the unpredictability of markets. The often wrong never in doubt crowd gets the airtime.
Full autonomous driving next year.
Pump the stock.
Robotaxi next year.
Pump the stock
Semi truck next year.
Pump the stock.
4680 battery.
Pump the stock?
Cybertruck next year.
Pump the stock.
Roadster next year.
Pump the stock.
Humanoid robot next year.
Pump the stock.
$25k car next year.
Pump the stock. Hey, why didn’t that work?
FSD V12 is pretty Impressive..
@@mikafiltenborg7572 FSD beta. Pump the stock.
why does it sound like he is high on weed
Expecting Musk to be the adult in the room was your first mistake. Fair value of the stock is $80 at best. Do the math.
80 is lofty. If this is car company then 40 at top 60.
@@michalfranczyk1241 "If this is a car company..." It's not.
@@savvydirtfarmer, most of revenue comes from auto sales, end even more of the profits. Yes, its a car company - I don't care about musk's lates lies about AI and robotics. He just talks about those things to seem like a gineous (which his not) and to keep the stock price up. The only things that matter to musk is 1) being persived as genius (without being one) and 2) being the richest man in the world.
@@spanishflea634 OK.
The lack of investing knowledge is mind blowing…..the short term approach is so stupid.
The only reason to buy Tesla is to flip it to somebody else.
Don't get left holding the bag
Elon Musk; there is no doubt he's a genius.
His ineptitude in front of an audience is, I believe,
what made the opposition think he and EVs were not a threat.
Without the bumbling umms and arrrs he would have been out flanked years ago.
He ruthlessly demands the best person for every job.
Every job except one of the most important ones.
Showcasing the company's achievements.
Trainwreck? So ridiculous.
Expecting Mush to act like an adult is like expecting Drumpf to act presidential.
Hybridog & what metric has chin-den perform better than Trump? search your little brain to find one, as obama said "don't count out biden to muck things up"
Under no circumstances should the US let a Chinese car be sold in the US unless it's Polestar or Volvo which is already here and not doing much.
That guy is in trouble - look at his eyes in that scared Hampster face.
That lady seems pissed for some reason.
dan Ives kicks are straight fire❤🔥❤🔥❤🔥
Talking head says: _"Isn't this the cost with someone like Elon Musk at the helm...etc."_ I guess she means someone that's wildly successful, and has altered the entire face of the auto industry in just a handful of years??? What's she done??? I don't even know her name, nor do I want to....
Why anyone not talking about the BIG ASS ELEPHANT IN THE ROOM; which is Elon’s antics. His dabbling into right wing politics and the whole Twitter Cluster “Ferk”, and his blabbering about DEI has hurt the company. I know a relative of mine, who was about to purchase a Tesla, changed her mind because of Elan’s antics. I trimmed my position in the stock and put my focus on NVDA; which in hindsight was a fantastic move. His Board must rein him in. If they don’t, his antics will cause people to lose A LOT of money!!! I agree he is a smart guy; but he has lost my confidence…albeit, I owe him tremendous credit and gratitude for my early bet on Tesla Stock.
They fail to understand forgoing high profits in the short term for a bigger share of the marketplace and thus much higher profits in the long term.
Start making EVs for the developing world with a price point of $7k to $15k..
BYD already did that. TESLA need to step up and be willing to compete in the developing country otherwise they lose marketshare
....and of course, the developing world has all the infrastructure
it needs, when almost nobody
else does...👈🤣
Perma bull Dan's coping hard, blaming Telsa's communications for weak fundamentals that he missed.
Trainwreck, but we're still bullish? Wall Street is too much.
Talking about stepping up and being adult as he’s dressed like a maitre di at a Miami nightclub - I mean, really?
Stop talking to people who have huge interests in these companies. Ofcourse they are going to be bullish. Its a mute interview.
Twisting what was said!!!!
This dude was dead wrong before, now and in will be in the future. Since when WallStreet analysts turned into Moonsht investment firms like ARK?
They didn't talk about macro - inflation(COGs) & competition cutting margins and interest rates(auto finance) reducing demand. USD strength, tax credits, and deflation is a tailwind for Chinese EV exporters.
Musk wants to buy Tesla shares at a discount as he has to increase his holdings.
My guess is that if their price target is $300 then their probably red especially after todays trading day for TSLA.
Sorry BYD is killing it. They can increase prices us only. Why beacause us gov gives 7500 per car incentive and then carbon incentive straight to tesla. This is a train wreck for now.
These clowns asked too many loaded questions to try and get Dan Ives to slip up. He masterfully navigated their tripe. Good job.
So Dan wanted to hear a bunch of BS that you usually hear from CEO's. Companies should not have to make a bunch of stuff quarter to quarter. It is a great buying opportunity.
Dan trying to read Musk was a mistake
Tesla's share price won't stabilize until it reaches a P/E of 6-7, the industry standard.
No one should take a guy that dresses like that seriously
Ives doesn't own any shares of Tesla. He probably has all his money in Laddered Treasuries.
These are the sorts of interviews that move lots of options contracts. Caveat emptor.
Bought at $181 today.
Blaming a call? That’s not the real issue. Demand, infrastructure, economic constraints, Elon’s mental instability, quality issues, over valued….list goes on and on
I like Dan Ives!!!
Doomberg
I looked at bruh's shoes and I sold all my TSLA shares.
Elon always does this. He does it to help keep the stock from over valuation. He says it all the time but people don’t listen. This helps people buy more stock. He knows what he is doing. Now go buy more if you can. 😂
Seeing as that would be straight up illegal and would get Musk booted and sued, I think you think Musk is a hell of a lot smarter than he actually is.
As the CEO of a publicly traded company, Musk has a fiduciary duty to his shareholders.
Tesla is NOT his company. It is the shareholders company.
My observation is jut that. Good luck to anyone trying to do something about it. You said it yourself, he is smarter than he actually is.
Just so everyone is clear, Elon would only get compensation if the company hits super high goals. I’d be totally cool with him getting the additional 12% if he 5x’s my investment.
Choo Choo 😮😮😮
diamond hands yall
Damage control
EV chickens coming home to roost....
Tesla model Y was the Best selling carmodel on planet Earth in year 2023 🎉🎉‼️😎👍
Based on 16 Wall Street analysts offering price forecasts for UiPath Inc. (NYSE:PATH), a high estimate of $30.00, represents a potential +35% increase from the last price of $22.23.
UiPath (NYSE:PATH), an Artificial Intelligence automation processing software is the future of robotics.
Software technology that will make it easy to build, deploy, and manage software robots that emulate human workflow.
Elon Musk gave a honest appraisal of the threat to ALL car companies from BYD. Dan Ives appraisal is there wasn't an adult in the room? Seems the only adult in the room was Elon Musk, it sure as hell wasn't Dan Ives...
Can't agree more!
Yep.
Look at lease he was honest and didn't say a lot of bs
Yeah I think as a top economist, he got this one wrong and his organization is prob super PO at him.
That's your take? My take is that he wants Trump, if elected, to enact tarrifs ot BYDs cars.
It’s funny that these guys think Elon cares about the share price
He cares about being the richest man in the world, so of course he cares about the stock prices. Now he wants the board to make sure that he is given almost as many shares as he already have, talk about being greedy. His only talks about AI and robotics to keep the stock price up. Guy is a total fruad, and the stock is vastly overrated.
Its funny that people think Elon is anything but a con man working with the government.
@@spanishflea634 been calling out this fraud for years. his days are numbered
Wow, I must have been at a different call, what you saw is not what I saw...
So they didn't fulfill his fantasy now he's upset
that's a good news, i just reload another $50K into TSLA shares.
Probably early, but 10 years from now you probably will look like a genius, something Dan Ives has never been able to pull off.
I sincerely hope that Tesla is following Apple's footsteps and not providing further guidance.
That would be an improvement.
I for one would welcome giving Elon 25% share, assuming He could double or triple the shareholders before hand. I,e, let us acquire Space X, or Starlink.
Premarket means very little
The whole point of tesla is to accelerate the advant of electric vehicles. Done! Next project please! 😂
As a comparison BYD now sells more BEVs and if you include PHEVs it’s much more than TESLA. But its total market value is a small fraction of that of TESLA.
BYD and Tesla make an interesting contrast in many ways. Only the future will tell what works out best. Obviously much depends on not where they are at but rather where they go from here. There is room for both. BYD needs to step up to the plate and scrap the money sucking stealership model. As automation ramps up the labor content of cars will approach zero. Highly automated lines run about twice as fast.
not only BYD, other chinese car producer already aiming for export, too. in total they'll be big.
@@danharold3087Byd Is willing to open a chain of store in developing countries while tesla is not willing to do that. If only elon is more willing to penetrate the developing country market it Will be great
Hahahaha shame on you for ever expecting Musk to be an adult
In what way was Elon not an adult in this call?
Here Adult means dancing to the tune of wall street investors. Do you seriously think the decision to not give guidance was made by Elon alone? TSLA has dropped because wall street is having a temper tantrum.
The fact that they ask questions to analysts rather than the people at Tesla to represent themselves is crushing the company.
Tesla p/e is 43 so it can drop to $20 and still be a stable company...
This guy sounds drunk af
Completely disagree with your assessment. I want them to succeed and Musk is the reason Tesla has. Musk is the adult in the room and he wants to keep the children away from the controls. Give him 25 % control and the company will do very well.
Who are the ones giving away their shares to Musk for free then? Are you donating yours? Do you understand how voting control in a company works?
Exactly!
$tsla got wrecked and they refuse to stop the bleeding. Who is going to step up at this company
This is what happened when you fired your long time CFO out of the blue and a out of focus CEO.
CFO wasn't fired; he cashed out because he's smart and he knew things are going to get tougher from here on out.
@@dominicestebanrice7460 He was fired, just look at his Twit about him being let go at Tesla. He probably butt heads with Tesla narcissist CEO.