Tesla’s Q1 Earnings Beat, Apple Store Employees in Atlanta File for Union Election & Warner Bros. Discovery Shuts Down CNN+ 4/21/22

TechCheck

CNBC

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

4.8 • 56 Ratings

🗓️ 21 April 2022

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show breaking down Tesla’s Q1 earnings beat with Bernstein Senior Research Analyst Toni Sacconaghi. Then, Satori Fund Founder Dan Niles discusses Netflix on the heels of the streamer posting a decline in subscribers for the first time in more than a decade. Next, CNBC’s Mike Santoli weighs in on the durability of the big tech trade, and Worm Capital Director of Research Eric Markowitz offers his outlook for Tesla over the decade ahead. Later, CNBC’s Steve Kovach reports on Apple Store employees in Atlanta filing for a union election, and our Julia Boorstin covers news service CNN+ shutting down later this month after launching just three weeks ago.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm John Ford you're listening to see nvices tech check our show is live weekdays at 11 a.m eastern listen in
0:06.7	Good Thursday morning welcome to tech check. I'm dear to boza with Carl Cantonia. John has the day off today
0:12.3	Tesla shares they are rocketing higher up double digits, the bold bear debate on that stock,
0:17.6	and then speaking of Tesla, Elon Musk details the financing he has for a Twitter bid pressure on the board to respond now
0:24.7	more on that plus the Netflix hangover acumen flees should you Carl
0:31.5	we're gonna start the feed today with Tesla, up sharply, of course, beating on the top and the bottom line for Q1.
0:36.4	Record revenue, deliveries and margins. Elon Musk expressed high hopes for his Shanghai factory on the company's earnings call despite
0:43.8	this year's COVID shutdowns. Take a listen.
0:47.1	Vehicle production in Q2 will be similar to Q1 very slightly lower but it's also possible we may pull
0:54.9	rabbit out of the hat and be slightly higher but it's be called roughly on par
0:59.1	but then Q3 and Q4 will be substantially higher.
1:07.3	So it seems likely that we'll be able to produce over 1.5 million cars this year.
1:16.5	Musk adding that he thinks Tesla has quote a reasonable shot at 60% growth in
1:22.2	vehicle production year on year in 2022 and for more on
1:25.6	Tesla this morning let's bring in Bernstein senior research analyst
1:28.2	Tony Saginaki talk about the quarter the metrics, Tony, but I guess most importantly the automotive
1:35.2	margins, right?
1:36.2	Ex-credit.
1:37.2	Yeah, good morning, Carl.
1:40.2	It was a terrific showing by Tesla. I think people were worried that ultimately
1:45.4	margins would be pressured because of all the supply chain issues and
1:49.2	inflation and Tesla was able to increase margins by about 1% or 100 basis points on a sequential basis.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.