meta_pixel
Tapesearch Logo
Log in
TechCheck

Tesla’s A.I. Ambitions, Fund Manager Shares Bear Case on Ark Funds & Former Facebook General Counsel on the FTC’s Antitrust Case

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.566 Ratings

🗓️ 20 August 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

To start off this Friday morning our anchors cover the latest announcements out of Tesla’s A.I. event, including the introduction of a humanoid robot. Then, following our interview with Ark Invest’s Cathie Wood yesterday, Semper Augustus Investments CIO Chris Bloomstran joins to defend his bear case against the Ark Funds. We also have CNBC’s Eunice Yoon with the details on China’s new law putting downward pressure on Chinese tech stocks to end an already bad week. Plus, Former Facebook General Counsel and Head of Public Policy Chris Kelly joins to share his thoughts on the FTC’s renewed antitrust case against the social media giant. And later, to close out our ‘reality check’ series Bernstein’s Toni Sacconaghi is here to explain why he has an underperform rating on Tesla. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0

I'm John Fort.

0:00.8

You're listening to CNV welcome to Tech Check.

0:28.9

I'm Deer Draboza with Carl Kintania.

0:30.9

Today, Elon Musk's AI ambitions are head and shoulders above what we thought.

0:35.8

Just don't tell his new dancing robot man.

0:38.7

Bernstein breaks down why Tesla's Dillusel.

0:41.5

Then do not pass go.

0:42.9

The government reopens its antitrust case against Facebook,

0:46.6

insisting it is a monopoly.

0:48.7

And later, grab your five wood.

0:50.3

A fund manager makes the bare case against ARCETs

0:53.9

and response to her Kathy Wood

0:55.6

interview yesterday, Carl.

0:58.3

First up, D, we'll begin our feed with Tesla, of course.

1:01.3

Elon Musk, as you said, putting the artificial in AI last night in an event that will be

1:06.1

remembered for the introduction of a humanoid robot that Musk promises will be able to eventually perform some

1:13.6

menial tasks. Here's a video of the prototype. The only catch, that's just a guy in a spandex suit.

1:19.6

It's not the first time, though, that Elon has put on a big show. Remember the cyber truck?

1:24.0

That was already two years ago and promised for a delivery in 2021. Production hasn't started.

1:30.1

Pushed back to 2022 at the earliest. Then, of course, there was the high-end model S, dubbed the plaid

1:35.2

and the plaid plus. That was announced back in January, but delivery has also been delayed with the

1:40.1

plus version scrubbed entirely. Kind of reminiscent of Nikola, some say, a dancing man in a suit, pretending to be an AI robot, an electric truck rolling down a hill.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.