Wall Street Breakfast Tesla shares gaining more momentum
Jul 2, 2024
Tesla's Q2 deliveries exceed expectations, Fed's Powell talks about disinflation, Disney expected to see a turnaround. Top U.S. stock ideas for Q3 discussed, with focus on AI robotics investments and bullish views on Disney. Chapters cover economy, labor market, stock updates, Disney's movie performance, Six Flags merger, AI stock preferences, and stock recommendations.
AI Snips
Chapters
Transcript
Episode notes
Tesla's Q2 Success
- Tesla's Q2 deliveries exceeded projections, indicating strong demand.
- This positive momentum is driven by sales of the Model 3 and Y, along with renewed investor focus on Tesla's AI and robotics ventures.
Rivian Meets Expectations
- Rivian Automotive met its Q2 production and delivery targets.
- They reaffirmed their full-year production guidance, suggesting confidence in their ability to meet demand.
Disinflation and Rate Cut Expectations
- Fed Chair Powell noted signs of disinflation, suggesting a potential easing of monetary policy.
- Market expectations for a rate cut increased, reflecting optimism about the economy's trajectory.