Meta’s Big Earnings Report… Plus Tesla Charges Higher After Results 4/24/24

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.9 • 1.3K Ratings

🗓️ 24 April 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Meta dropping after-hours as guidance disappoints. So has the social stock’s recent climb come to an end? Plus Investors plug into Tesla post-earnings, as CEO Elon Musk gives updates on the EV maker’s new models and robotaxi plans. What he’s saying about the timeline and if these promises can deliver. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ market site in the heart of New York City's Times Square.
0:04.1	This is fast money and here is what is on tap tonight. A met of meltdown
0:08.3	shares hitting levels not seen since late January as revenue guidance comes
0:12.3	in below expectations. Is this the
0:14.2	beginning of the end for the mega cap rally? Plus that's not the only earnings
0:18.2	report catching our eye today not even close from four to Chipotle to IBM for digging into all of tonight's results and
0:24.6	bringing you the trades and later believe the balanced shares of Tesla putting in
0:29.6	their best day since January of 2022 even after an earnings report that left many pretty
0:35.2	unimpressed to be honest about it, is this a sign that the EV Maker can get back on track
0:40.2	or will a different reality set in for the stock?
0:43.4	I'm Courtney Reagan in this evening for Melissa Lee, coming to live from Studio B at
0:46.9	the NASDAQ.
0:48.0	On the desk tonight, we have Tim Seymour, Karen Finerman, Dan Nathan, and Guy Adami.
0:52.5	And we start off with Meta,
0:54.0	shares plunging 11 plus percent after the company
0:56.7	gave weak revenue guidance for the year.
0:58.6	It also said Capex would be higher than expected.
1:01.3	That news overshadowing a beat on the top and bottom lines.
1:04.2	If the losses hold tomorrow, it would be met as worst drop since October of
1:08.4	2022.
1:09.7	Julie Borsen joins us now to dig into the details.
1:12.7	Julia, what else stands out to you?
	...

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