Tesla's stock lower on Cybercab timing and no affordable model update, says Deepwater's Gene Munster

Gene Munster, Deepwater Asset Management, joins 'Fast Money' to talk Tesla's robotaxi event and the stock reaction.

[@dogmom-pt5we]

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@@Stefan-d3c Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@PeterSedesse]

in 2022, Tesla had 78% market share of EVs in the USA. It is now down to 47% and falling every quarter. The new Chevy Bolt is being released next summer at a price of $28k. Hyundai/Kia continues to release new models. We will see Tesla's profit margins in a couple of weeks, but they have been running crazy deals in China to get deliveries up... and deliveries in the USA and EU are tanking. It is hard to imagine that a US automaker can be successful if their only viable market is now China. Even if you think Robotaxis will be a big moneymaker, can Tesla survive the 3-4 years minimum it takes to get there with their auto business falling apart and no new models on the way?

[@hailej2527]

Totally make sense!

[@edsontrujillo2247]

Can they survive? Have you seen the cash on hand?

[@PeterSedesse]

@@edsontrujillo2247 they have 30b in cash and 45b in debt. They recently had to issue more debt.

[@kantmyls3333]

It will be like Chinese market in UsA, lot of competition small margin. This is why he shoes the next steps with taxi and robot but cannot be a short term adoption

[@PeterSedesse]

@@kantmyls3333 if Tesla had done a $30k car instead of the cybertruck, they would be at 80% now and US competitors wouldn't be bothering to make EVs...but Elon chose his pet project

[@cortez9978]

I’m convinced that investing significantly in the right stock before it goes big is more important than buying the dip, however picking the right company lies the difficult task. My question is, what are the best ways to accrue profits both in a bull or bear market?

[@FrankHaubrich-mt6gw]

I would recommend little healthy companies with great growth forecast and that are undervalued like Occuphire pharma or Ardelyx

[@Ballesteros-d]

there is little to be concerned about , just buy good companies (high flying tech) however i'm NOT so confident . BUT you do you !!

[@Marquis-9]

The issue is people have the "I will do it myself mentality" but not equipped for a crash, hence get burnt. Ideally, advisors are reps for investing, and at first-hand encounter, my portfolio has yielded over 300% since covid-outbreak to date, summing up nearly $1m.

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[@Marquis-9]

Katherine Nance Dietz is the licensed professional I use. Just research the name. You’d find necessary details to work with and set up an appointment if you like.

[@KungPowEnterFist]

Remember when Elon said the Cybertruck would be under $40k?

[@CCARL11]

The robots were being remotely controlled, they showed a cab prototype that was made for this event and will probably never go into production and another year where Musk predicts that FSD will work next year. People are getting tired of hype and want to see concrete implementation of these predictions.

[@chromebomb]

3 years? More like 15

[@WORLDCITIZEN2004]

Tesla will be an $80 to $100 company for at least the next three years.”

[@Wongseifu548]

Lol those are the words of everyone who lost money trying to bet that way

[@Kenelm-q1e]

Oh, okay

[@brandonderrick006]

What’s Tesla’s margins on energy? What’s the growth rate? What’s the total revenue? Geez

[@slyktech1860]

You can buy the Cybercab for under $30k so it is effectively the cheapest model and all it needs is a steering wheel and pedals if that is even all that necessary.

[@ArcticPrimal]

No you can't because it hasn't been released. Final price could be higher. So it's to be seen if it's under $30k.

[@kiloy1006]

And u believe that? lol

[@rcpmac]

@@ArcticPrimal. BTW, the koolaid is free, but it’s clear that you already know that

[@theobservarator6424]

Where do you buy it?

[@nobadtaste7074]

Why would Tesla sell you a money maker for 30k if they can just deploy their own fleet and make the $ themselves. Pure vapor ware

[@odoacredacalcutta5085]

To be called a tech company, you need to make revenue out of the tech products you build. Tesla instead seems to use tech only as an advertising tool to lure investors. They build prototypes that wow people but none of them is ever actually marketed. So far Tesla makes money only out of sellings cars, really. and tbh, it's really not about politics, but I don't like this massive endorsement for Trump. A CEO that needs to gamble on a president to win the elections in order to strenghten his company is a CEO of a company that's really not that strong on its own legs. Tesla is staying alive only because of massive taxes on chinese EV imports. Those are likely to stay in place even if Harris wins, but just thinking that if they were removed Tesla would crash tells you a lot.

[@captaingish]

A model 2 makes no sense to me at this time in Tesla’s evolution. They’re at the cusp of solving FSD so why would they make a cheaper version of M3 equipped with steering wheel and pedals? Perhaps the robocab will be that model 2?

[@Danny-bd1ch]

Level 2 is not on the cusp. They have been saying that for 7 years.

[@weho_brian]

Elon saying you can buy the robocab, a sub 30k car. I think that is really the m2, hope there is an add-on option for a steering wheel, pedals

[@theobservarator6424]

Selling a affordable vehicle would have kept them from losing market share.

[@monkeysezbegood]

@@Danny-bd1ch you are not watching close enough....

[@brandonderrick006]

Everyone wants affordable Teslas but what you gonna do when you need maintenance ? You want that to be affordable too? Tesla is a luxury good.

[@creatrixZBD]

That is never how Elon marketed them. And it’s not what the market wants, anyway. (So ed)

[@TheAccountant-e9k]

V A P O R W A R E

[@byrrongardner]

I've been an investor in Apple, gold, housing market as well because I strongly believe in them, I've always believed in the stock but now I don't know if to re-distribute my portfolio and put some money in Nvidia or Tesla especially now that we are experiencing a market correction

[@markwestcotts]

Both stocks have a long term potential, The most important thing is the ratio of the distribution based on the financials of each company. There are many other companies that are also doing well. You could just hire a financial advisor to guide you. A financial advisor really does help me do the distribution even between different asset classes. I don't even understand technical financial terms much. I just know I make really good profit, and I don't have to stress myself a lot

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I've got similar problems and I have also considered using an FA but I don't know how to go about it. Please, what are the steps for getting one? Like a really good one

[@markwestcotts]

Gabriel alberto william is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

[@byrrongardner]

Thank you for the recommendation. I'll send him an email, and I hope I'm able to reach him and connect

[@creatrixZBD]

This looks like a scam thread

[@bobbybrettel5422]

The robots still look robotic......looks like and moves like Herman Munster

[@Danny-bd1ch]

Chucky Cheese upgrades maybe.

[@weho_brian]

the only thing that matters is dexterity and the ability to perform human functions

[@Danny-bd1ch]

@@weho_brian Will it come with its own human operator as well?

[@weho_brian]

@@Danny-bd1ch most likely you will be able to control it with your smartphone or direct communication

[@Wongseifu548]

Literally CNBC lead with the first minute of Gene's Interview as the Title and decided the rest did not matter.......

[@naimcgrath1401]

The world according to ellen, I know what you want. I am better than you. Go charge you car.

[@mikeshawn5864]

GME is a tech company, too.

[@lawrencespicer8671]

These hosts really getting sassy

[@weho_brian]

Melissa Lee must be on vacation 😄

[@CyberCab-k9q]

TSLA straight down and vertical to $100.

[@headyhere]

Do you still think his $44 billion pay package was worth it?

[@Wongseifu548]

Considering the amount of BS news coverage.....

[@naimcgrath1401]

I heard 56B.

[@Vix381]

Optimus is creepy, would not have one in my home. Is Tesla best in breed at anything?

[@Mostly_bad]

The new Cathie wood.

[@naimcgrath1401]

56 billion, ridiculous.

[@GregF-k7w]

Tesla is gonna moon sooner or later.

[@leos4607]

If Tesla stock rocket next week people will change their mind and worship Elon instantly. 😂 it’s all about the stocks now a days not the company

[@guts1005]

Exactly how it goes. Just a bunch of babies that cry when things dont go their way.

[@theobservarator6424]

​must be why the stock is down

[@creatrixZBD]

I will never worship the fraud that is Elon Musk, nor any other human being. They are made of meat, just as I am. Just as any of us are

[@thstratali]

FSD since 2016 from a tech company😂

[@mikeshawn5864]

Tech company with pe of 200?

[@potatodog7910]

Tesla will succeed and their only potential competitors are unprecedented AI breakthroughs and regulations, not car companies

[@ChengHao03]

Investing in stocks is planting a tree for your future; with patience, it will bear fruit

[@BaozhaiDongmei]

Just like a tree, investments need time and care to reach their full potential

[@JunlaiAiguo3c]

Working with a financial adviser helped me develop a tailored investment strategy, leading to significant growth in my portfolio.

[@Friedrich-j3i]

Please educate me. I've come across this name before. Now I am interested. How can I reach her?

[@JunlaiAiguo3c]

Nicole Anastasia Plumcan'tlee divulge much... Most likely, the internet should have her basic info, you can research if you like.,..

[@Friedrich-j3i]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her..

[@bobbybrettel5422]

Tesla IS NOT a MAG 7

[@mitchellchristianson8120]

I'm not impressed with their sales in China. It's going to get real bad quick after 0% interest It's a tech company that got $750 billion market cap weight that wouldn't have without the car first. Nothing after that since then. Yeah I believe it is a tech company that should be separated The car company ain't going to make it not on that evaluation

[@willberry6434]

Cybercab is 5 years out at minimum

[@ArcticPrimal]

Atleast 20yrs at minimum

[@jorgebenavente9872]

In 2016, He said we would be in Mars in 6 years...

[@garyscott9261]

Gene Munster, I use to see you as someone who is trustworthy and could take at his word. Now I no longer trust your word. How is the debate over re: Tesla being a tech company? What has he delivered since 2016 besides cars? Where is the Roadster? Where is the below $26k car? When has he ever delivered on a time promise? Yet you say, “ Elon said …”. I no longer see you as credible.

[@MrDukeus]

Muenster is a lying tool

[@ronsilva7394]

Oh Dan , you’re like a spurned lover when it comes to Elon . What happened between the two of you ?

[@Kenelm-q1e]

I'm afraid not to own TSLA

[@mikewu9483]

la di sei

[@bobbybrettel5422]

It has a forward PE of 87.....wow....if NVDA has a forward PE of 87 it would be at $500 ......Tesla is a quicksand....smoke and mirrors company.....AND Nvidia is grossly UNDERVALUED

[@Wongseifu548]

nice try

[@johnkennedy9398]

I think Musk is loosing focus.

[@teslarex]

Sensible analysis. I was still impressed with the event. FSD is getting really good. It's on EVERY drive.

[@i_i8924]

Snake oil 🪄🐇

[@davidhaynes3126]

My feeling. Tesla is too risky

[@shortclimberbeta]

should be ok once it falls under $50

[@Wongseifu548]

@@shortclimberbeta Keep Dreaming

[@shortclimberbeta]

@@Wongseifu548dreaming is safer than gambling

[@RashelYeva]

!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated.

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[@Joe-n4e8e]

Stock tanked because market was disappointed?! Bought at $217ish and will made a decent profit once it bounces back. Thank you " investors " for giving me this opportunity.

[@naimcgrath1401]

yawn.