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Squawk on the Street
SOTS 2nd Hour: A Chip On Your Shoulder, Retail Records, and A Tesla Bear-Turns-Bull 12/2/24
Dec 2, 2024
Craig Irwin, an analyst at Roth Capital known for his expertise on Tesla, discusses his recent upgrade of Tesla's stock to a buy rating after years of skepticism. He explains the positive momentum around Tesla's self-driving technology and changing market dynamics. The conversation also highlights booming holiday retail trends and performance from tech giants like NVIDIA and Apple. Additionally, they touch on Intel's leadership challenges and its impact on the semiconductor industry, providing insights into the evolving landscape of both tech and retail sectors.
43:04
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Quick takeaways
- Tesla's recent upgrade from a longtime bear to a buy rating by Craig Irwin has influenced significant market optimism in tech stocks.
- Mint Mobile's innovative price reduction strategy aims to attract customers amidst inflation pressures, offering a more affordable alternative in the wireless market.
Deep dives
Mint Mobile's Price Reduction Strategy
Mint Mobile has decided to lower its prices amid rising inflation, cutting the cost of its Unlimited Premium Wireless plan from $30 to just $15 a month. This initiative is supported by a unique marketing approach involving a reverse auctioneer, which exemplifies the company's innovative tactics to attract new customers. The strategy aims to counteract the increasing prices of other services by providing a more affordable option without compromising on quality. By announcing this pricing change, Mint Mobile seeks to redefine consumer expectations in a competitive wireless market.
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