Bloomberg Surveillance
Bloomberg Surveillance: Tesla Slumps, Netflix Soars
Jan 25, 2024
Guests Ed Hyman, Lucas Shaw, Garrett Nelson, and Jane Foley discuss topics including inflation, interest rates, the labor market, the Hollywood entertainment industry, Tesla's stock slump, the non-Tesla EV market, challenges in Tesla's Cybertruck production, and the impacts of the Euro Yen exchange rate, ECB comments, and fiscal situation on markets.
43:25
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Quick takeaways
- Tesla's strong demand for EVs, including the Cybertruck, indicates resilience in the market despite investor concerns over slowing auto shipment growth.
- The dynamics of Euro Yen can affect Japanese corporations differently depending on their exposure to exports and domestic consumption.
Deep dives
Investor concerns over slowing auto shipment growth in 2024 affect Tesla stock
Tesla's stock has faced some profit-taking due to investor concerns over the company's guidance of slowing auto shipment growth in 2024. However, this was already anticipated by analysts, and Tesla's strong demand for EVs, including the Cybertruck, indicates resilience in the market. While non-Tesla EVs have struggled to sell well, Tesla's market share in the US EV market was 55% last year. Additionally, Tesla's confirmation of a next-gen mass-market EV signals future growth opportunities, despite manufacturing challenges.
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