Tesla’s Master Plan, A CLEAR Travel Picture, An ESG Vote 03/02/23

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 2 March 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Tesla investors were unimpressed by the company’s presentation at this week’s investor day. CNBC’s Phil Lebeau recaps the stock reaction and investor disappointment, while former Ford CEO Mark Fields offers a big picture perspective on electric vehicles and the competition between software companies making cars and automakers making software. Biometric security company CLEAR is ramping up its presence in US airports and stadiums; CEO Caryn Seidman-Becker discusses traveler traffic and trends, including her bullish outlook on the industry, despite rising airfares. Plus, investors concerned about the Fed’s interest rate hikes are pushing bond yields higher, and the U.S. Senate voted to overturn a rule allowing retirement fund managers to consider ESG (environment, social, and governance) when making investments on behalf of pension plan participants. In this episode: Caryn Seidman-Becker, @CLEARCaryn Phil Lebeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squack-Pod.
0:08.0	Tesla speaks to investors and fails to impress.
0:12.0	C. NBC's Phil Le the boat with the story.
0:14.0	What people want is a little more specificity
0:17.0	regarding a timeline and production amount.
0:20.0	E.V.
0:21.0	Revving their engines for the race ahead. Ford's former CEO Mark Fields.
0:26.0	But automakers like Ford with their maki and lightning and Sunday with their ionic vehicles are starting to make a lot of progress so I think it's
0:35.1	going to be very interesting but Tesla still has the leg up on the competition.
0:38.4	And Clear skies Biometric Security Company, clear eyeing more eyeballs, CEO
0:44.8	Karen Sidman Becker and the traveler traffic
0:47.3	driving her business.
0:48.5	We are incredibly bullish on the travel industry
0:50.5	and think the surge is going to continue.
0:52.2	I think you have sort of a coiled
0:53.6	spring of people who stayed home for three years. Plus a rise in bond yields. Ooh exciting, I
0:59.7	swear. And a rebuke in the Senate for the administration's proposed rule on investing with
1:05.0	environmental, social, and governance issues in mind.
1:08.1	Everybody's got an echo chamber.
1:09.4	I don't watch certain cable channels.
1:11.5	I don't.
	...

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