Topics include Mnuchin's interest in TikTok, Biden's view on US Steel ownership, U.S Retail sales, commercial real estate sector updates, Tesla's stock performance, and exploring the exploitation of Osage people for oil wealth.
Tesla aims to slash production costs by up to 50%, focusing on next-gen vehicles like the Model 2.
Tesla is positioning itself as an ecosystem player, aiming to integrate various products like solar panels, Starlink, and energy solutions with its vehicles.
Deep dives
Tesla's Growth Potential Amid Price Cuts
Tesla's stock is down due to concerns about its growth potential, with some analysts questioning if it can be a growth company with no growth in sales volume. While there are challenges in China's competitive market and the need to balance price cuts and sales, Tesla's vertical integration and innovative projects like full self-driving technology and the battery ecosystem could pave the way for long-term success.
Tesla's Margin Efforts and Cost Reduction Targets
Tesla aims to slash production costs by up to 50%, focusing on next-gen vehicles like the Model 2. However, achieving a 50% cost reduction may be unrealistic in the short term, especially as Tesla expands globally and faces competitive pressure. Margins are still in the mid-teens, presenting room for improvement and cost efficiency.
Tesla's Future as an Ecosystem and Global Player
Tesla is positioning itself as an ecosystem player, akin to Apple, aiming to integrate various products like solar panels, Starlink, and energy solutions with its vehicles. This approach could transform Tesla into a comprehensive energy and mobility provider, and its diverse global presence, including robust sales in Asia and Europe, positions it well for future growth.
Factors Influencing Tesla's Stock Performance
Tesla's stock performance is influenced by various factors, such as the global demand for electric vehicles, the role of policy environments, and the competitive landscape, notably with hybrids. While charging infrastructure challenges persist in some regions, Tesla's focus on innovative solutions and global expansion could drive its future success amidst evolving industry dynamics.
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Dan Ives, Managing Director and Senior Equity Analyst at Wedbush Securities, joins the program to discuss the latest news on TikTok. Richard Bourke, Bloomberg Intelligence Senior Analyst, covering Basic Materials, discusses President Biden saying U.S Steel should be domestically owned. Jill Blanchard, President of Enterprise Client Solutions at Advantage Solutions, joins to discuss U.S Retail sales. Lisa Knee, Managing Partner and Head of Real Estate at EisnerAmper, talks about the latest on the commercial real estate sector. Steve Man, Global Autos and Industrials Research Analyst, joins to discuss the latest news on Tesla.