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Motley Fool Hidden Gems Investing

Tesla: Full Self-Driving is Safer than Humans

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 24 October 2024

⏱️ 27 minutes

🧾️ Download transcript

Summary

In the EV maker’s latest vehicle safety report, autopilot showed one crash for every 7 million miles driven. The U.S. average is one crash for every 700,000 miles. (00:21) David Meier and Ricky Mulvey discuss: - Tesla returning to growth. - Expectations for full self driving and humanoid robots. - Peloton’s deal with Costco. Then, (15:39) Anand Chokkavelu hosts Matt Frankel and Jason Moser on Scoreboard covering Empire State Realty Trust. Scoreboard is available to members of any Motley Fool service at 7:00 pm ET on Motley Fool Live, or any time in the video library. Motley Fool video library: https://www.fool.com/premium/news-and-analysis/media Companies discussed: TSLA, PTON, ESRT Host: Ricky Mulvey Guests: David Meier, Anand Chokkavelu, Matt Frankel, Jason Moser Producer: Dylan Lewis Engineer: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Full self-driving, is it safer than a human? You're listening to Motley Full Money.

0:09.2

I'm Ricky Mulvey joined today by David Meyer David how you doing?

0:17.0

I'm doing great Ricky how are you?

0:19.5

I'm doing well you know what one thing I like about Tesla reporting is they give us plenty to talk about.

0:24.4

I don't have to search far for some topics for today's show. It is always a wild quarter,

0:30.7

but what else would you expect from the electric car maker AI company

0:34.8

robotics company automotive revenue up just 2% from the prior year but energy

0:40.6

generation and storage revenue up more than 50% CEO Elon Musk also saying that

0:46.2

affordable models are coming in the first half of 2025.

0:50.4

He says that will drive double digit vehicle growth 20 to 30 percent unless something happens was kind of his qualifier

0:57.4

To the extent that you can give one what is your headline for Tesla's quarter?

1:03.0

Growth is back.

1:06.0

I think that's the message.

1:08.0

Earlier in the month we saw deliveries were up

1:12.0

after seeing a bit of a decline from the

1:16.5

quarterly revenue earnings report we see that revenue is up this quarter even

1:21.5

as average selling prices for cars was down a little bit

1:25.2

according to the company's presentations and those are the great signs that investors

1:31.6

have been looking for they want to see that growth,

1:35.0

especially given the future that we'll talk about, the future vision that we'll

1:40.4

talk about in a little bit that Musk is laying out. Yes, we hear commentary from Musk on the

1:47.2

conference call about 20 to 30 percent vehicle growth next year. Yes, it

...

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