It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street. Don't miss a minute of the action. Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kington-A. with Jim Kramer, David Faber, at post-9 of the New York Stock Exchange. Four straight S&P record highs. The Bulls will shoot for five as Q4 GDP crushes estimates. up 3-3. Street was looking for two, even as the price index drops to the

lowest level in almost four years. Our roadmap begins with Tesla's tumble, though, the first of

the Mag 7 to report. Warning of, quote, notably lower vehicle volume growth in the year ahead.

One analyst calling it a train wreck. Plus, the S&P 500 is heading for what would be its fifth

straight record

and gdp growth surging it was a strong finish to 2003 we're going to discuss the outlook for

rate policy and we got a slew of other corporate results to get to as well this morning

comcast ibn blackstone union pacific umana we're also going to be joined by the CEOs of Service Now and Southwest Air.

That'll be a bit later in the hour.

Actually going to begin with Tesla down sharply in the pre-market.

The EV maker does post a quarterly miss, says it expects notably slower growth than 24.

But on the call last night night Elon Musk did express some optimism

Tesla can become the market cap leader I do see a path where Tesla could one day be the

most valuable company in the world I would anyone have size that is on an easy path

and a very difficult one but is now on the set of possible outcomes.

Jim, not a lot of downgrades today, but plenty of target trimming.

Yeah, that path that he just referenced, he's not on right now.

This was a combination of an existential and a cyclical crisis.

Existential because we do have the notion, David, that he would like two classes of stock,

and he even talks about the rating agencies, ISIS, except for I used to call them ISS.

Right, I.S.

But he also talks about, look, incentives, what you need to have people buy cars, but then he's got Optimus, which is a fantastic video, by the one.

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