Tesla Beats Estimates With Less-Drastic Drop in EV Sales
Jul 2, 2024
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Listen to Bloomberg Technology Co-Host Ed Ludlow discuss Tesla's better-than-expected quarterly deliveries, while Bloomberg Opinion Editor Mark Gongloff updates on Hurricane Beryl. Frances Katzen shares NYC real estate outlook. Drive to the Close with Sonu Varghese on global macro strategies. Hosts: Tim Stenovec and Katie Greifeld.
NYC's real estate challenges include rising costs, limited availability, and potential impacts on demographic diversity.
Deep dives
Kroger Brand Products: Quality at a Low Price
Kroger brand products offer proven quality at affordable prices with a money-back guarantee on taste satisfaction. The products aim to make customers feel like winners while shopping, available in-store and online, providing a cost-effective and enjoyable family shopping experience.
Tesla's Performance and Market Response
Tesla's recent stock surge, driven by exceeding second-quarter delivery estimates, sparked varied responses on the company's performance. Analysts discuss Tesla's back-to-back sequential decline in deliveries, highlighting concerns about the electric vehicle market competition and consumer preferences.
Climate Change Impact on Extreme Weather
Hurricane Beryl's early Category 5 status signals the influence of climate change on extreme weather events. Rising ocean temperatures intensify storms, with experts predicting a record hurricane season with significant economic and environmental implications, driving discussions on the need for proactive climate change mitigation.
New York Real Estate Market Challenges
New York's housing market faces unprecedented challenges with a rental vacancy rate of 1.4%, leading to soaring living costs and limited housing availability. Developers filing fewer permits for multifamily buildings raise concerns of pricing out middle-income residents, reflecting a concerning reality for New York City's demographic diversity.
Economic Outlook: Earnings and Inflation Trends
The market's forward momentum is supported by robust corporate earnings growth, accompanied by favorable margin performance. While earnings have been driving market sentiment, investors also monitor inflation trends and Federal Reserve responses to maintain economic stability and anticipate further market shifts based on earnings, valuation, and inflation dynamics.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Technology Co-Host Ed Ludlow explains that Tesla's second consecutive drop in quarterly deliveries weren’t as steep as analysts were predicting, sending shares in the beleaguered EV-maker up more than 8% on Tuesday. Bloomberg Opinion Editor Mark Gongloff provides an update on Hurricane Beryl. Frances Katzen, Founder of The Katzen Team at Douglas Elliman, shares her outlook for NYC real estate. And we Drive to the Close with Sonu Varghese, Global Macro Strategist at the Carson Group. Hosts: Tim Stenovec and Katie Greifeld. Producer: Paul Brennan.