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Wall Street Breakfast

Tesla the story of the week

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 24 April 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

Tesla's bad numbers, market response (0:20). Palantir taking over (3:30). IBM falling (5:20). Thursday's earnings, important signposts (6:20).

Show Notes:
Nasdaq, S&P, Dow rise as relief rally driven by U.S.- China trade looks to hold
Tesla Q1 Earnings Call Transcript
Stressful Markets, But Lots Of Opportunities In Tech

Episode transcripts: seekingalpha.com/wsb

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Transcript

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0:00.0

Brian Stewart, welcome back to the show.

0:12.1

Always great to have you.

0:13.1

Great to have you on a Thursday edition of Wall Street lunch.

0:16.3

Tesla, which is something that we have talked much, much about,

0:23.3

mostly due to Tesla's numbers,

0:28.3

also to do with Musk and his appearance in various lanes of the industry and market and government.

0:31.4

What are you seen out of Tesla?

0:33.1

How's the market responding?

0:34.7

What should investors be aware of?

0:36.9

And would you concur that that's the top

0:38.6

stock story of the day? Yeah, I think of the week, really, even during our heavy earnings week,

0:43.3

I think Tesla takes the prize as the most prominent stock story. And I think that it has a lot to do,

0:50.7

not just with sort of Tesla's market position and the attention it gets from investors,

0:54.7

but also it's spilled over into a political story, a general news story. I think there are people,

1:00.4

not investors, people who have no money at stake in Tesla who are kind of either rooting for

1:05.4

or against Tesla numbers. You know, you have sort of a political connection there that makes

1:10.5

the story much more interesting.

1:12.5

Just to kind of drill down on the specific.

1:15.1

So Tesla missed earnings and revenue expectations for Q1.

1:19.9

It was predicted that this was going to be a bad quarter, but it was worse than people had kind of come to expect.

1:26.5

So just focusing on automotive revenues, so sale of Tesla cars, down 20% year

1:33.1

every year, down 29% from the fourth quarter.

...

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