Sports, Restaurants, Tesla’s New High
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 2 July 2020
⏱️ 17 minutes
🧾️ Download transcript
Summary
Tesla hits a new high on higher-than-expected deliveries. McDonald’s hits the pause button on reopening dine-in service. Major League Baseball teams come up with a creative way to get fans at the games (sort of). Dan Kline analyzes those stores, and we dip into the Fool Mailbag and try to make sense of the new marketing campaign from Haagen-Dazs.
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Transcript
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| 0:00.0 | It's Thursday, July 2nd. Welcome to Market Foolry. I'm Chris Hill with me today. Our man in Florida, Dan Klein. Good to see you. |
| 0:09.0 | Hey there, Chris, nice to see you. I was warming up in the bullpen waiting for the call I've always |
| 0:14.6 | appreciated we're gonna talk restaurants we're gonna dig into the business of |
| 0:18.0 | sports we will also dip into the full mailbag we got to start though with Tesla |
| 0:22.3 | because Tesla's second quarter earnings report is scheduled |
| 0:26.1 | for late July, but shares are up more than 6% today after Tesla said it delivered more than |
| 0:32.3 | 90,000 vehicles in the second quarter. |
| 0:34.8 | Analysts had been expecting around 72,000, so this is on a percentage basis a |
| 0:40.1 | pretty rock solid beat in terms of deliveries. |
| 0:43.7 | Chris I don't want to be the the Dower guy when it comes to Tesla |
| 0:47.7 | but notice they reported deliveries they do not report sales |
| 0:52.4 | they don't really define what a delivery is. |
| 0:54.6 | Did they just bring them someplace? I understand the optimism at this, but I will I will point |
| 1:00.8 | out as the resident Tesla Bear, there are not many of them, that they're never |
| 1:06.1 | entirely honest with their financials. |
| 1:08.8 | And I'm not saying they're lying, they delivered 92,000 vehicles. |
| 1:13.0 | What we don't know is what that means, and words matter. |
| 1:16.3 | If they sold 92,000 vehicles, they would tell us that, |
| 1:19.8 | or at least they would give us some indication of that. I worry about this a little bit. |
| 1:24.4 | This is a company that plays a lot of financial word games and they were |
| 1:28.8 | pushing and hinting all week at Elon Musk, you know, people quote leaked emails where he was encouraging |
| 1:34.5 | everybody to work round the clock to get these vehicles out. Chris, who's |
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