CNBC's "Fast Money" Tesla Reports Results… And A Rising Star In The Athleisure Space 10/23/24
Oct 23, 2024
Joe Kudla, Founder and CEO of Vuori, shares insights into the thriving athleisure market. He discusses how Vuori plans to expand with over 100 new locations by 2026, leveraging strong cash flow. Kudla emphasizes that competitors don’t need to fail for Vuori to thrive, highlighting the brand's focus on versatility and consumer relationships. The conversation also touches on Tesla’s recent earnings, noting its impact on the broader tech landscape and market dynamics.
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Tesla Earnings Beat
- Tesla beat earnings estimates but slightly missed on revenue, sending shares higher.
- Strong margins and free cash flow drove positive investor sentiment.
Tesla's Margin Surprise
- Tesla's automotive gross margins significantly exceeded expectations, boosting the stock.
- The company's cost of goods sold reached its lowest point ever.
Tesla's Growth Outlook
- Gene Munster highlights Tesla's positive guidance for Q4 deliveries and overall 2024 growth.
- He notes Tesla's cost reductions and profitability in the EV market, contrasting it with competitors' struggles.