Bulls Take on the Bears Over Tesla Stock, Plus Can Bitcoin Keep Rally Keep Its Momentum 11/9/23

CNBC's "Fast Money"

CNBC

Business, News, Investing

3.9 • 1.3K Ratings

🗓️ 9 November 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Tesla dropped over 5% after a bearish note from analysts at HSBC. But is the sell off overdone? Plus bitcoin prices surging towards $40,000, up 36% this quarter. Can the rally continue? And Danny Moses of Big Short fame joins the desk with a stock that he says actually has upside. We tell you what it is, and why he’s bullish on the name. Fast Money Disclaimer

Transcript

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0:00.0	Live from the Nasak market site in the heart of New York City's Times Square.
0:04.8	This is fast money. Here's what's on tap tonight. Tesla throttled.
0:08.6	Late July, the stock was closing in on 300 bucks. Since then, it's dropped nearly 28% and a new call from the street
0:14.8	says shares could drop even more from here a bull bear battle royal coming up
0:19.1	plus Bitcoin Bonanza the cryptocurrency on a heater of, up over 30% in the last 30 days and
0:25.0	more than doubling this year.
0:26.8	Will this rally last?
0:27.8	We'll debate that.
0:29.0	And later, cue the NBC on NFL theme music.
0:34.0	One of the traders behind the Big Short is here with us on why this mystery stock could
0:38.9	go all the way.
0:40.2	The name and the trend he's so bullish on ahead this hour.
0:43.4	I'm Melissa Lee come to you live from studio be at the Nasak on the dust tonight.
0:47.1	Karen Fireman, Dan Nathan, Guyadami and sitting in as a guest trader tonight
0:50.7	Danny Moses, founder of Moses Ventures.
0:53.8	We're going to get more at the end of the market's long winning streak in that dismal
0:57.6	30-year Treasury auction in just a minute, but we start off with the biggest drug in the
1:01.3	Nasak 100 today.
1:02.6	Tesla dropping more than 5%, its worst decline since earnings last month.
1:07.0	The stock nearly 30% off its highs of the year.
1:10.8	The move coming after analysts at HSPC initiated coverage of the stock with a reduced rating,
1:15.0	slapped it with a $146 price target,
	...

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