Bloomberg Businessweek
Instant Reaction: Tesla Earnings Surpass Expectations
Oct 23, 2024
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, shares his insights on Tesla's impressive third-quarter earnings, which surpassed Wall Street expectations. Analyst Ed Ludlow discusses the implications of Elon Musk's political activities and how they might impact Tesla's brand and innovation. The conversation also explores Tesla's strategies for affordable vehicle models and the risks posed by market dynamics. As the company anticipates future growth, both guests emphasize the importance of adapting to challenges in the EV landscape.
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Quick takeaways
- Tesla's third-quarter earnings exceeded Wall Street estimates, showcasing increased investor confidence despite falling average selling prices of their vehicles.
- Elon Musk's political engagement raises concerns about its potential impact on Tesla's brand and focus on critical operations amid growing competition.
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