All Eyes on Tesla Earnings, and What Banks’ Results Say About the Consumer 4/19/23

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.9 • 1.3K Ratings

🗓️ 19 April 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Tesla on the move as the EV maker reports its latest quarterly results, just after announcing its sixth price cut of the year. What it all means for margins, profits and the stock, which is up about 50% this year. Plus more earnings from the money center and regional banks this morning. What CEOs had to say about the strength of the consumer and just how it all plays into these stocks’ outlooks. Fast Money Disclaimer

Transcript

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0:00.0	Right now and fast Tesla shares dropping the EV maker posting better than expected
0:05.3	revenues.
0:06.3	But margins coming in well below what the street was looking for.
0:08.6	The instant analysis on Tesla's border straight ahead, plus snapping into AI, the social
0:13.2	network, because saying it is its artificial intelligence, Chasod is attracting millions
0:16.9	of users and it now plans to expand the offerings from its my AI.
0:21.4	So will this be a sticky revenue driver or just another flash in the pan for Snap?
0:25.7	And later what's behind the headache and healthcare stocks, the options action, and
0:29.2	the not so volatile volatility trade, and the profit warning rippling through the computer
0:33.5	hardware sector.
0:34.5	I'm Melissa Lee.
0:35.5	This is fast money.
0:36.5	Relive with the Nasdaq Market site.
0:37.5	On the desk tonight, Tim Seymour, Karen Feynerman, Dan Nathan, and Bonnewin Ice, and welcome
0:41.7	back Bonnewin.
0:42.7	Thank you.
0:43.7	And we begin with the earnings alert on Tesla's stock dropping after our ZPS in line revenue
0:47.2	beat estimates.
0:48.2	But after cutting prices, six times already this year, margins for the EV maker coming
0:53.2	in well below expectations.
0:54.4	See me see his filibos here to take us inside the numbers fill.
0:59.4	And Melissa remember the latest round of price cuts initiated just this week.
	...

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