How to Play Tesla and EV Stocks, Top E-commerce Picks & Apple’s Delicate Dance with the Chinese Government

TechCheck

CNBC

Disruptors, Tech, Technology, Cnbc, Management, Business, Faang, Investing

4.5 • 66 Ratings

🗓️ 18 May 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Defiance ETFs Chief Investment Officer and Tesla Shareholder Sylvia Jablonski joins us to chat about how to play Tesla after investor Michael Burry revealed a $530 million short on the stock. She also shares her thoughts on the EV space at large. CNBC’s Dom Chu tells you what to watch in cryptocurrency after Bitcoin bounced back this morning, only to turn lower as the day progressed. Also, New Enterprise Associates Venture Partner Ben Narasin shares his e-commerce picks in light of Walmart’s earnings report this morning. Later, CNBC’s Julia Boorstin gives us the latest details on Amazon looking to make an offer to buy MGM. CNBC’s Kate Rooney then takes us into the world of Wall Street Bets and covers the trending stocks in that space. Also, we hear from New York Times reporter Jack Nicas on his latest story covering Apple’s compliance with the Chinese government – including details on censorship, data sharing and banning apps. Later, Bank of America Semiconductor Analyst Vivek Arya joins us to share his top picks in the sector.

Transcript

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0:00.0	I'm Dear Drabosa and you're listening to CNBC's Tech Check.
0:03.5	Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:08.3	Good Tuesday morning and welcome to Tech Check. I'm Dear Drabosa with John Fort and Carl
0:12.6	Kentania. Today, a $530 million bet against Tesla. Why the man behind the big shorts says
0:20.1	Tesla will fall. Then Jeff Bezos and James Bond, why the man behind the big shorts says Tesla will fall.
0:21.7	Then Jeff Bezos and James Bond, why Amazon is reportedly interested in buying MGM.
0:27.0	And later, Ethereum or Ethan Allen, confusion on Wall Street bets in our latest trading boom.
0:33.8	John.
0:34.6	Yeah, well, e-commerce and retail earnings also in focus this morning with Walmart,
0:38.4	the top gainer on the down after showing robust growth in online sales and grocery. Home Depot
0:43.6	popped at the open but has lost that early momentum, now flattish in today's session, down about
0:49.1	a half a percent. And Macy is getting a boost, surprise profit, a hike of its full year outlook,
0:54.1	the catalysts there, Carl?
0:58.7	John, we're going to start with Tesla, though, as famed investor Michael Burry, famously portrayed
1:03.2	in the big short, does reveal this $530 million short on Tesla, citing their reliance on
1:09.7	regulatory credits to generate profits as an impediment,
1:12.5	he says, to the company's long-term growth prospects. Previously was on the right side of the
1:16.8	GameStop trade as well. Year to date, you probably know Tesla down about 17, 18 percent,
1:22.8	with the whole EV space under pressure as Canoe becomes the latest company to disclose there under some SEC
1:29.5	investigation. John, we don't know a lot about the structure of the Burry put strategy here. And we also
1:35.5	know how treacherous it's been to bet against Tesla, at least in the long term. Absent various
1:41.6	windows where selling did come in. Yeah, I mean, Burry himself might know that.
	...

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