It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street. Don't miss a minute of the action. Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kintanao with Jim Kramer, David Faber, post nine of the New York Stock Exchange. S&P coming off back-to-back gains, first time in two months. Dow trying to make it five straight gains for the first time this year. as Hilton, Texan, Boeing, all in the earnings mix.

We're going to begin, though, with Tesla. Dow trying to make it five straight gains for the first time this year.

As Hilton, Texan, Boeing, all in the earnings mix.

We're going to begin, though, with Tesla surging in the pre-market despite this quarterly miss, including its biggest revenue slide in more than a decade due in part to price cuts

and weaker demand.

Shares of the EV maker getting a boost from the company's growth strategy.

This is Elon Musk outlining

his plan on last night's call. We've updated our future vehicle lineup to accelerate the launch of new

models ahead. Previously mentioned start of production in the second half of 2025. So we expect it to be

more like the early 2025, if not late this year. These new vehicles, including more affordable

models, will use aspects of the next generation platform, as well as aspects of our current

platforms, and will be able to produce on the same manufacturing lines as our current vehicle

lineup. So it's not contingent on any new factory or massive new production line.

Jim Bespoke says this looks like it will be the best earnings reaction since 2020.

Well, look, you do have some upgrades.

You have a very nice Bank of America upgrade.

And you have people saying it's a clearing event.

Did he pull rabbit out of a hat?

He came back with a small car as well as with the terrific

app, by the way, in the tech. That is the hailing app. I thought that the key analogy, David,

was not the Airbnb average analogy. He did that. That's great. It was the elevator.

Was that not terrific

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