RiskReversal Pod Josh Brown on Trump, Tariffs & Where Investors Go From Here
Apr 3, 2025
In this engaging discussion, Ben Kallo, a Senior Research Analyst at Baird specializing in sustainable energy, dives deep into Tesla's recent Q1 delivery numbers and the challenges of ramping up production. He highlights the fierce competition from Chinese manufacturers like BYD and explores the implications for Tesla's market share and margins. Ben also shares exciting insights on the potential launch of Tesla's mass market vehicle and the future of robo-taxis and Optimus robots, while reflecting on Elon Musk's pivotal role in shaping the company's valuation.
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Tesla's Q1 Delivery Miss
- Tesla's Q1 deliveries missed estimates, raising concerns about demand or brand issues.
- The miss is attributed to production ramp-up challenges across four factories, particularly impacting the Model Y.
Tesla's Valuation Range
- Tesla's valuation varies significantly among analysts.
- The company's business can be broken down into different components including energy, robotaxi, and Optimus.
Waymo's Novelty and Impact
- Ben Kallo saw several people filming themselves in Waymo vehicles, highlighting the novelty factor.
- He notes that Waymo's presence has already impacted Uber prices in San Francisco.