Bloomberg Talks
Instant Reaction: Tesla Earnings Surpass Expectations
Oct 23, 2024
Ross Gerber, the savvy President and CEO of Gerber Kawasaki Wealth and Investment Management, dives into Tesla's latest earnings report, showcasing a surprising rebound in demand and profit margins. He analyzes how Elon Musk's political choices might impact Tesla's reputation and business, stirring concern among some customers. Additionally, Gerber discusses the implications of Tesla’s shift towards affordable vehicles and robo-taxis alongside insights on the company's profitability from self-driving tech. It's a mix of finance, politics, and future trends!
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Quick takeaways
- Tesla's third-quarter earnings exceeded expectations, showcasing a rebound in EV demand and a slight growth forecast for vehicle deliveries.
- Elon Musk's increasing political engagement raises concerns about its potential impact on Tesla's brand perception and long-term innovation.
Deep dives
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