CNBC's "Fast Money" Tesla’s Stall Continues… And The Long Term Impact From Trump’s Economic Policies 02/11/25
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Feb 11, 2025 In this engaging discussion, Paul McCulley, former PIMCO chief economist, shares his insights on Tesla's declining stock and Elon Musk's potential distractions impacting investor confidence. He delves into the broader economic implications of President Trump's recent policies, expressing concern over long-term effects. The conversation touches on the competitive challenges in the electric vehicle market and market movements influenced by tech partnerships in China, highlighting a complex landscape that investors need to navigate.
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Tesla's Stock Troubles
- Tesla's stock price is plummeting, hitting its lowest point since November.
- Investors are worried about Elon Musk's distractions and Tesla's slowing core business.
Musk's Focus on Robots
- Elon Musk focused heavily on robots and robotaxis during the last call.
- He barely discussed car sales or the situation in Europe, which are key concerns.
BYD's Self-Driving Offering
- BYD announced its self-driving offering, "God's Eye," across all models without an additional fee.
- This contrasts with Tesla's tiered pricing for Full Self-Driving, potentially pressuring them to reconsider their pricing strategy.