Nelson: Downgrading Tesla due to lack of near-term catalysts

Garrett Nelson, Senior Analyst at CFRA, discusses earnings from Tesla. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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[@ShellyHuerta]

Well, I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered and I don't know where to go here out of devastation.

[@BarbaraLouise-i3r]

The safest approach I feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

[@MelindaMatsuda]

@@BarbaraLouise-i3r I totally agree. A financial advisor can provide valuable insights and help ensure that our investment portfolios are aligned with our long-term financial goals. They have the expertise to navigate through market fluctuations and make informed decisions.

[@ShellyHuerta]

@@MelindaMatsuda I’ve been down a ton, I’m only holding on so I can recoup, I need help, who is this investment adviser that guides you?

[@MelindaMatsuda]

@@ShellyHuerta Her name is “Victoria Carmen Santaella” can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@ShellyHuerta]

@@MelindaMatsuda Thank you for this amazing tip. I just looked the name up and wrote her explaining my financial market goals.

[@fernc7947]

his price target is too high by 200. Robotaxi is no where in sight. Oh roadster next year. sure

[@matthew.m.stevick]

4 straight misses oof

[@PeterSedesse]

and that is on top of many Tesla fans purposefully tanking their estimates each quarter just so Tesla could get a beat.

[@RM-xf9gi]

How's GM doing?​@@PeterSedesse

[@PeterSedesse]

Think about this. Tesla is going to take existing production facilities, and shift them over to producing a car that is half the price of the car they are currently making in that facility. Not good for profit margins.

[@singed8853]

No that is 100% false made up speculation on your part. You are pulling 50% cost savings from nothing solid whatsoever.

[@skyak4493]

The graph at 1:24 seems lable reversed. Deliveries are the flatened squiggle, and the margins are the straight down line. You think cybertruck margins will improve??? Wait until they are not selling them for over $100K!

[@d.r.656]

This will go down as the 👌DUMBEST👌 headline

[@sheh.9163]

I wonder if his generally Liberal customer base, is deciding not to support his company anymore because of his political affiliation, views and comments

[@TC-uj6jc]

This is the ticket. He is kinda slow and does not understand his customer base. I will short the hell out of this stock.

[@TheTruthiest]

They are trying to cancel him because of his bravery in supporting President Trump, but it won't matter because robotaxis will take over regardless of what liberals think of him

[@thirdplace3973]

Likely a wash with the added support Tesla would get from people in the middle and the right. Most people don’t care about politics when buying goods, they want the best deal for their money.

[@JHartless1488]

Nobody wants a cyberdumpster, along with his terrible political views. Consumers are voting with their pocketbook and apartheid elmo is on the way out

[@RichardKing-sx6xc]

​@@TC-uj6jc CRY HARDER LEFTIODS 😅😂😆🤣

[@Archeops24]

Pretty good take from Nelson

[@bradbook]

$142 by Oct 2024.

[@jamesandrew6153]

These are just empty promises

[@kylefabbro171]

When you're a joke, go broke.

[@frankcoffey]

"Story" is the correct word in this context.

[@Anthony-dj4nd]

It's just a car. Optimus robot will probably be a hazard to the human workers😢

[@jimbrown9046]

Rigged google earnings was great and stock still went down

[@debonair_research]

People LOOOOOVE stories !! That's why Hollywood is so successful...

[@qilu2004]

the margin is going below 10% and will unlikely recover ever. a fair valuation is about 100 bucks.

[@danmac0]

So you're telling me Robotaxi is coming in October but FSD only next year? :D that's funny

[@ColtonJohnsonBrice09]

CNBS finally got it right .

[@thirdplace3973]

Huh? Lack of “near-term catalysts”??? We were told several months ago that they are between two major growth waves. What part of “between” two major growth waves do analysts not understand? Morons.

[@montel0220]

Key word near term.. need to think long term

[@PeterSedesse]

As an investor? why? You don't buy a stock for some fairytale that may happen in 5 years.. Elon has been promising robotaxis ' next year' for 10 years now. There is nothing in current FSD that indicates they are anywhere near close to having it ready for robotaxi status. Tesla is dead money for the next 12-18 months. invest in something else and come back next summer, nothing will have changed except the EV sales will have plummeted even more and you can probably get it close to $150. Opportunity cost is a real thing, no need to put your money into a stock that isn't moving for a year.

[@805BBQJUNKIE]

Thank you for this information new investor here i was ready to buy 1k of tesla today ​@PeterSedesse

[@Griffin-x8x]

Most democrats arent running out to buy Tesla's. Maybe Elon should shut up about politics for a bit.

[@royrodgers3296]

Sometimes chicken Sometimes feathers

[@danielmorales1981]

How convenient

[@asjasj123]

Downgrading tesla means that they are short selling.

[@frankcoffey]

Tesla could have one multi billion dollar project that returns no profit but you can't have three of them. That's the money that could have produced fresh product they could be selling now.

[@acs2777]

They have 30 billions ready to be used what are you talking about . a miss here and there a bit of delays .. here and there when people has been waiting 7 years

[@ferdlau3278]

this guy is short term thinker

[@TuxBearlux]

Tesla x Optimus x AI = Transformers Robot 🤖 in the future ❤❤❤Elon is amazing 🤩 more than meets the eye 🎶

[@acs2777]

tesla is taking the competition much more serious now to take them by surprice when the next gen 2.5 appears.

[@ElJefe360]

Nelson needs some coffee to wake up.. Looks like he is hangover from partying last night

[@moneyfishing4916]

Price the stock on execution not talk.

[@Osiris02]

But then Tesla is just a car company that's over valued by a factor of 20.

[@greyfox78569]

@@Osiris02 Tesla weight car market is about BMW, or Mazda. Yet it has a market cap equal to the entire industry,.....let that sink in.

[@Vinnytint2]

Cmon it’s a no brainer Tesla is and will be the biggest company in the world . Just keep buying duh

[@_permanence]

These clowns just adjust their price target when the market price moves

[@kanepenn7118]

This is what I heard ....... Elon Musk " I don't give a single sh"t about automobiles, it's all RoboTaxi and Robots". He sounded so DiSinterested in even being on the earnings call. He must have a HUGE stash of Quaaludes because he sounded dosed. Thanks for not showing up

[@Idealgentlemen_]

These people have absolutely no idea what they’re talking about…..tesla has been volatile since pretty much its inception, it’s currently up 36% since they said this a couple weeks ago since they “downgraded” it from the mag 7😂😂😂…..and some of these people are in charge of people’s portfolios😵‍💫😵‍💫😵‍💫😵‍💫😵‍💫

[@fendermon]

I'm waiting for Elon to build tunnels on Mars for me to drive a Cyber truck through...before I commit to buying one. Cool truck though.

[@cutehumor]

Harry chu buy up those cheap Tesla shares 😂Lol

[@maximusdecimusmeridius5438]

Tesla stock sucks

[@KarenWanas-w3s]

Tesla missed by 10 cents….. hahaha