The Prof G Pod with Scott Galloway Prof G Markets: An Nvidia Challenger Files For An IPO + Can A New CEO Turn Nike Around?
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Oct 7, 2024 Scott and Ed dive into Tesla's quarterly deliveries and the implications of a potential CVS breakup. They analyze Cerebras Systems' impending IPO, highlighting investment risks and rewards. The duo debates the intelligence behind Gulf sovereign wealth fund investments while scrutinizing Nike's faltering sales and heavy brand dependency. Can a new CEO turnaround Nike’s struggling stock? Discover insights on tech challenges, market trends, and how innovative strategies might reshape the landscape.
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Toyota vs. Tesla
- Toyota made a big bet on hybrid vehicles and is currently outperforming Tesla.
- Despite this, Tesla's valuation remains significantly higher, highlighting market obsession with Elon Musk.
Tesla's Narrative
- Tesla's quarterly delivery updates are becoming less important than their narrative.
- Upcoming robotaxi event will likely underwhelm, as Elon Musk is focusing on other things.
CVS Breakup
- CVS is considering splitting its pharmacy and insurance businesses to improve operations.
- Conglomerates often face a "conglomerate tax," where the market assigns a lower multiple to the entire entity.
