Tesla’s Competition

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 3 April 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tesla hit all time records for production and deliveries but left Wall Street unsatisfied.
(00:21) Deidre Woollard and Asit Sharma discuss:
- Rivian’s profitability problem.
- How Tesla is trying to “push competitors into a bad spot.”
- Strategy shifts at Netflix.
- If streamers have pricing power.
(13:11) Sierra Baldwin catches up with financial hype woman, Berna Anat, about her upcoming book, “Money Out Loud: All the Financial Stuff No One Taught Us.”
Companies discussed: TSLA, RIVN, NFLX, DIS
Host: Deidre Woollard
Guests: Asit Sharma, Sierra Baldwin, Berna Anat
Producer: Ricky Mulvey
Engineers: Dan Boyd, Heather Horton

Transcript

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0:00.0	Tesla's delivery number is underwhelmed and Netflix changes its strategy.
0:08.9	I'm Deidre Wallard and this is Motley Fool Money.
0:21.1	Welcome to Motley Fool Money.
0:22.1	I'm Deidre Wallard sitting in for Chris Hill and I'm joined by a Motley Fool endless
0:25.7	asset Sharma.
0:26.7	How are you doing today?
0:28.3	I'm great Deidre.
0:29.3	How are you?
0:30.3	Doing well.
0:31.3	Let's talk about Tesla numbers.
0:33.4	So Tesla delivered its delivery numbers for the first quarter, produced over 440,000 vehicles,
0:39.2	4% from the previous quarter, 36% year-to-year.
0:42.9	That sounds pretty good but it missed Wall Street expectations.
0:46.1	Is that a cause for concern?
0:48.0	If you're a long-term investor in Tesla, it shouldn't be a cause for concern simply
0:52.8	because a few thousand deliveries that are off of Wall Street consensus estimates isn't
1:00.6	going to move the needle on the bigger goal.
1:02.7	That is for Tesla to try to continue to grow its production at a 50% annual clip in the
1:09.4	near term, which it's pretty close to doing.
1:12.2	As you point out, this is a sequential increase from the last quarter.
1:17.7	To me, these numbers are finite.
1:18.9	I should point out both production and deliveries were all time records this quarter.
	...

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