Live from the NASDAQ market site in the heart of New York City's Times Square, this is fast money.

Here's what's on top tonight. Tesla shares in focus after the company's latest report, the EV maker missing profit estimates,

but its first quarter of rising sales this year, where you will dive into all the details coming up.

In crypto on the hill, we'll talk to the C of Coinbase, Brian Armstrong, as the industry looks to reignite talks for legislation this year, plus a big reversal in GE-Vernova post-earnings. Netflix breaches a key support level after its latest results, and the meme craze has found a new target in Beyond Meat. But are there other meme names that could get caught up in this rush? We'll head to the options pits to find out. I'm Melissa Lee. I'm here live from Studio B at the NASAC. On the desk tonight, Tim Seymour, Steve Grasso, Guy Dami, and Dan Nathan out in San Francisco. Sox closing well off the lows of the day, but still finishing the day in the red, the tech heavy NASAC down almost a percent. Send me seeing particular weakness stock, but one in the SMH chip ETF was down

today. Qualcomm, the only winner. We'll get more on that in a few minutes, but we start off with

Tesla. The shares right now are down by about one and a half percent after the EV maker beat

Wall Street revenue estimates, but missed on EPS. CNBC's Philabos got all the details. Phil.

And Melissa, the real catalyst for this stock is likely to come in about 25 minutes. That's when we get the Tesla conference call with analysts.

That's when we hear from Elon Musk. And that's usually what moves shares after hours. Let's go over

the Q3 results. As you mentioned, they missed on the bottom line. Earning 50 cents a share, the street was expecting 55 cents a share. Revenue was better than

expected, not a surprise given the fact that you had strong deliveries in the third quarter.

28.1 billion versus 26.36 billion was the analyst estimate. Some of the numbers within the

numbers for the quarter for

Tesla, free cash flow was up 46%. And then when you look at the regulatory credit revenue,

this has been a driver to the bottom line, almost all the filters down to the bottom line.

Well, guess what? Cafe standards are going away. So are the, so is the demand for those credits.

That revenue was down 43%. Automotive revenue overall, given the increased deliveries, up 6%.

But net income was down 37%. As you take a look at shares of Tesla, remember, the call is where we'll get more details.

But one thing they do say in the outlook in the earnings report is that Cybercab, Tesla semi-production, both are on target for beginning production next year.

I'm not sure how much that's going to drive the bottom line, but that's really the only piece of news aside from the numbers that was inside the report, Melissa.

Again, it's the conference call in about 25 minutes that people will be focused on. Yep, Phil, keep us posted, Phil Leboe. The stock is up about 35% since its last quarter, so it has every reason to want to sell off in the after-hour session. You had to stand less than 2% at this point in time. Although more can come, who knows.

As Phil just said, the market is waiting for the conference call, which is fine. Again, we've had this conversation. If this was just valued as an automobile company, it's not a great quarter. Yet record revenue, I get it. And the free cash flow of $4 billion, good for them. Then you look at the margins. You know, you back out basically regulatory credits, and it's below 15.5%, which is worse than the street was looking for. So that business has been in decline, regardless of what you want to say about deliveries and stuff. I mean, it's a business that is reverting to the mean. Now, people get excited about other things, which is why I don't think the stock is as low. It should be on the back of the quarter. We'll see what they say. It's the promise of everything else that's going to drive the stock. And they did say in the shareholder deck that Optimus lines are being installed right now. Who knows what the time frame is on that and whether or not it will contribute to revenue or at what point it will. But it's one of those stories along with robots that people want to hear.

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