Indeed it does live in the NASDAQ market site in the heart of New York City's

times where this is fast money here's what's on tap tonight a Tesla triumph

shares of the EV maker soaring on hopes for new models and better than expected

margins. Was this the turbocharged the stock needs to get back on track? We're going to

debate it. Plus not so Gucci. The parent company of the luxury fashion brand seeing shares

tank as a forecast a massive drop in profit. Is this a sign that even the highest

in consumer is starting to crack and later we're counting down to meta earnings. The home builders lay a strong

foundation and Goldman Sachs most a record closed for the first time in more than two years.

I'm Courtney Reagan in this evening for Melissa Lee, we are coming to you live from Studio B at the NASDAQ on the desk tonight.

We have Tim Seymour Karen Feynerman, Dan Nathan and Guy Adame. But we got to start off with Tesla

taking off on Q1 results,

shares actually soaring.

This is despite a miss on the top and bottom lines.

The Vester is seemingly excited that the new models may be coming sooner than expected.

If the gains hold tomorrow, it will be

Tesla's best day since September hasn't had a lot of best days lately.

CMBC's Philboe joins us now to break down the results. Phil, what happened here in this report?

Well, it's what they said in the indication of new models that are coming,

the more affordable price models, that is exactly what the street wanted to hear. The street didn't really want to see what they saw for the first quarter and let's go over those numbers. None of these numbers are good. Any way you look at it, this was an ugly quarter for Tesla.

Earnings miss, 45 cents a share, the street was expecting 51 cents.

Revenue, down 9% year over year, the worst since 2012, it fell short of estimates coming in at 21.03

billion operating margin of 5.5 percent negative free cash flow of 2.53

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