Instant Reaction: Tesla Earnings Surpass Expectations
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 23 October 2024
⏱️ 14 minutes
🧾️ Download transcript
Summary
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Tesla surpassed Wall Street estimates for earnings in the third quarter, reflecting a rebound in demand for the company’s electric vehicles.The EV maker also said it expects to achieve slight growth in vehicle deliveries for the full year. For instant reaction and analysis, hosts Tim Stenovec and Katie Greifeld speak with Gerber Kawasaki Wealth Management CEO Ross Gerber and Bloomberg Technology cohost Ed Ludlow.
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Transcript
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| 0:00.0 | Artificial Intelligence is the star of the stock market, but with the companies that kicked off the AI craze all privately held, |
| 0:07.6 | how can investors gain exposure to this structural long-term trend? |
| 0:11.8 | Learn more later in the podcast. |
| 0:16.3 | Are you looking for a new podcast about stuff related to money? |
| 0:20.4 | Well, today's your lucky day. |
| 0:22.3 | I'm Matt Levine. |
| 0:23.0 | And I'm Katie Grifield. |
| 0:25.0 | And we are the hosts of Money Stuff, the podcast. |
| 0:28.0 | Every Friday we dive into the top stories about Wall Street, finance, and other stuff. |
| 0:33.0 | We have fun, we get weird, and we want you to join us. |
| 0:36.0 | You can listen to Many Stuff the Podcast on Apple Podcasts, Spotify, or wherever you get your podcasts. Our own day in a whole noting that Tesla is giving some quasi-bullish guidance. |
| 0:56.7 | The company delivered 1.8 million cars in 2023. |
| 1:01.0 | A average selling prices fell in the quarter. |
| 1:03.8 | There was some FX impact. |
| 1:06.4 | There was a slight top line miss, as Ed Ludlow points out on the live blog. |
| 1:10.3 | The company's third quarter automotive gross margin excluding credits came in way above estimates at 17.1% estimates were for 14.9%. |
| 1:20.0 | We got with us the perfect guest when it comes to what's going on with Tesla. |
| 1:25.6 | Ross Gerber is joining us. |
| 1:27.4 | He's president CEO of Gerber Kawasaki Wealth Management. |
| 1:31.5 | He joins us from Santa Monica, California. |
| 1:33.8 | Russ, we got a lot to talk about with you. |
| 1:35.8 | We got a good bit of time. |
... |
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