Latest / Elon Musk Podcast / Tesla Stock on the rise!

Transcript

Tesla Stock on the rise! · Elon Musk Podcast

• 0:01
  Hey, everybody. Welcome back to the Elon Musk
• 0:04
  Podcast. This is a show where we discuss
• 0:07
  the critical crossroads that shape SpaceX, Tesla X, The
• 0:11
  Boring Company and Neuralink. I'm your host, Will Walden.
• 0:15
  Tesla has seen its stock performance take a significant
• 0:19
  turn as investor sentiment improves.
• 0:22
  Now, it's attracting renewed attention, particularly with the
• 0:25
  highly anticipated robo taxi set to make its debut now.
• 0:31
  On Friday, Tesla shares concluded their highest winning
• 0:34
  streak since June 13th, 2023. That's the longest as well.
• 0:38
  And the stock closed at $251.52 per share again.
• 0:43
  That eradicated an 11% annual deficit, marking a 1.2% increase
• 0:49
  for the year. Now, throughout the month, Tesla
• 0:51
  stock surged by 27%, significantly outpacing the S&P
• 0:56
  500's modest 2% rise. Tesla reported second quarter
• 1:00
  deliveries of 443,956 vehicles, surpassing expectations, and
• 1:06
  this figure included 422,405 deliveries of the Model 3 and
• 1:11
  Model Y, with the remaining 21,551 comprising other electric
• 1:16
  vehicle models. And despite a 4% year over year
• 1:19
  decline, the performance was seen as a positive indicator for
• 1:23
  the company's future. Now, analyst Dan Ives from
• 1:26
  Wedbush Securities is optimistic about Tesla's future, said that
• 1:31
  it's stabilizing demand for electric vehicles globally, and
• 1:34
  he highlighted that the company's forthcoming Robo Taxi
• 1:37
  day on August 8th will be a critical event.
• 1:40
  It's coming up soon, everybody. So be careful.
• 1:43
  Of all the imitators out there with robo taxis, Tesla's going
• 1:46
  to be the one now, potentially this will pave the way for full
• 1:50
  self driving technology and an autonomous future, something
• 1:54
  that Elon Musk has been promising every year for about 5
• 1:59
  or six years. Full driving next year.
• 2:02
  Full driving next year. Well, hopefully this will be the
• 2:05
  year on August 8th that we're going to be really close to
• 2:09
  that. They need to have full self
• 2:10
  driving if they want these robo taxis to actually work.
• 2:13
  Now, Ivy maintains an outperform rating at Tesla with a price
• 2:16
  target of $300.00 and a bullish scenario with a potential rise
• 2:20
  to 400. And of the 50 analysts covering
• 2:23
  Tesla, 22 recommend buying the stock, 18 advice holding, and 10
• 2:28
  suggest selling, according to data from Thompson One.
• 2:32
  This consensus reflects the varied perspectives on Tesla's
• 2:35
  market position and future prospects.
• 2:37
  Now remember, all of this is not advice.
• 2:41
  What I'm saying right now, this is not advice.
• 2:43
  Just want you to know that these are just the numbers and I want
• 2:45
  you to run your own and do your own math.
• 2:48
  And Elon Musk amplified interest by retweeting a video show Kiki
• 2:52
  seeing a hands free Tesla ride from Golden Gate Park to Fort
• 2:55
  Point. Now that shows the company's
• 2:58
  advancements in autonomous driving tech.
• 3:00
  And it contributed to the stocks 2% rise on Friday, extending an
• 3:04
  impressive 37% Rayleigh over 8 sessions and a 43% gain over the
• 3:08
  past month. Now, beyond vehicle production
• 3:11
  and deliveries, Tesla's energy storage business is experiencing
• 3:15
  rapid growth. Adam Jonas of Morgan Stanley
• 3:18
  said that Tesla's recent performance, including better
• 3:21
  than expected second quarter deliveries and significant
• 3:24
  energy storage achievements, show that the company's
• 3:27
  diversifying. And another boost for Tesla came
• 3:30
  from China, where the provincial government included locally
• 3:34
  produced Tesla vehicles on its purchase list.
• 3:37
  Now, the development permits government workers to buy Tesla
• 3:41
  Model Y as a service vehicle, indicating strong institutional
• 3:45
  support for the brand in the region.
• 3:47
  And despite facing stiff competition for Chinese electric
• 3:50
  vehicle manufacturers and experiencing some demand
• 3:53
  fluctuations in the US, Tesla is making strategic moves to
• 3:56
  maintain its market position now.
• 3:58
  Earlier this year, the company reduced its global workforce by
• 4:01
  more than 10% and cut vehicle prices to stimulate sales.
• 4:07
  During Tesla's recent storage Excuse me shareholder meeting,
• 4:11
  Elon Musk acknowledged the ongoing challenges in the EV
• 4:14
  market. Noting the transitionary period
• 4:17
  affecting demand and sales right now.
• 4:20
  Barclays analyst Dan Levy remarked that while the second
• 4:24
  quarter results were positive, broader market conditions remain
• 4:27
  challenging. Levy has an equal weight ratio
• 4:30
  on Tesla with a price target of about $180.
• 4:33
  Now, Tesla's upcoming second quarter financial results
• 4:36
  scheduled for July 23rd are expected to draw significant
• 4:39
  attention. Stay tuned to this channel
• 4:42
  because we will bring you all of that now.
• 4:45
  Analysts are particularly focused on the company's
• 4:47
  automotive gross margins, given the extensive discounts and
• 4:50
  incentives offered over the past year to boost sales of its
• 4:53
  existing models. And in late 2023, Tesla showed
• 4:58
  off the cyber truck. This is the angular pickup we
• 5:01
  all know and love, and it quickly became the best selling
• 5:04
  fully electric truck in the US during the second quarter,
• 5:07
  according to social media reports.
• 5:09
  Now this achievement is a notable milestone as Tesla
• 5:12
  expands its product line up to vehicles such as trucks.
• 5:17
  Now Ford, who is a huge competitor to Tesla, reported
• 5:20
  sales of 7902 units of its fully electric F-150 Lightning in the
• 5:25
  second quarter, totaling 15,645 units for the first half of the
• 5:30
  year. Tesla's performance in the
• 5:32
  segment shows that it has a competitive edge in the electric
• 5:36
  pickup market. Now, we anticipate that Tesla's
• 5:40
  Robo Taxi day on August 8th will be a significant event for the
• 5:44
  company. We're predicting that although
• 5:47
  the robo taxi segment might not launch before 2027, it'll be an
• 5:51
  important business area for Tesla in the long term.
• 5:55
  A price target of 230 is a talked about number on Tesla,
• 6:01
  and that's a possibility that you might want to buy the stock
• 6:04
  now because if it goes up to 230, you're going to be cashing
• 6:08
  in if you have enough stock. But of course, this is not
• 6:13
  advice. This is just, you know, you do
• 6:15
  your own work here, you figure out your own finances and you do
• 6:19
  your own thing. And despite this recent rally
• 6:22
  that's going on, Tesla stock performance still kind of lags
• 6:25
  behind broader market indices. For the year, the NASDAQ gained
• 6:28
  22%. S&P 500 has risen 17% in 2024
• 6:33
  compared to Tesla's 1.2% increase.
• 6:37
  Now, it shows that there's challenges facing Tesla right
• 6:40
  now and they have to start matching the overall market
• 6:43
  growth. And recent polls indicate the
• 6:47
  Tesla's brand image is suffering due to Musk controversial
• 6:50
  actions in political statements. A New York Times survey
• 6:54
  highlighted the Musk's polarizing behavior is
• 6:56
  alienating some left-leaning consumers, which could impact
• 7:00
  Tesla's market position. Tesla has also faced delays in
• 7:04
  delivering full self driving capabilities, a goal that Musk
• 7:08
  announced way back in October of 2016.
• 7:11
  And pretty much every year since then, he said that it's going to
• 7:13
  be the next year. And despite claims that all
• 7:16
  Tesla vehicles produced at the time had the necessary hardware,
• 7:19
  Musk recently indicated that another hardware and sensor
• 7:22
  update is required to actually achieve full self driving.
• 7:34
  Hey, thank you so much for listening today.
• 7:36
  I really do appreciate your support.
• 7:38
  If you could take a second and hit the subscribe or the follow
• 7:41
  button on whatever podcast platform that you're listening
• 7:43
  on right now, I greatly appreciate it.
• 7:46
  It helps out the show tremendously and you'll never
• 7:48
  miss an episode. And each episode is about 10
• 7:51
  minutes or less to get you caught up quickly.
• 7:54
  And please, if you want to support the show even more, go
• 7:57
  to patreon.com/stage Zero. And please take care of
• 8:02
  yourselves and each other, and I'll see you tomorrow.