Tesla deliveries are being 'overanalyzed' by investors, says RBC Capital's Tom Narayan

Tom Narayan, RBC Capital markets analyst, joins 'Squawk on the Street' to discuss Tesla, after the EV maker paces for its seventh day of gains.

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[@_king_james_23]

Are Teslas still a good buy for first time investors especially on a short term basis?

[@dr.karidouglas1312]

No. Maybe Nvidia

[@dannywalters958]

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[@planetsaver]

NVDA is still going to increase after the split. Go for it

[@vvilliamluk]

You invited the wrong Tom.

[@Clarkthefaceofwnba]

He's the right Uncle Tom😂

[@jayan5221]

This dude is trying to be chill but totally butt hurt. Talking like he was a bull but always been a tsla bear.

[@s_k12]

Not true. I watched multiple of his interviews, he's always been bullish on Tesla. You are a slanderer.

[@jayan5221]

​@s_k12 He has a lower price target then the current price... Are u kidding me???

[@mingdianli7802]

@@jayan5221 now he does because the stock has gained 30% in the past week

[@syspowertools3372]

Look at that, CNBC has an analyst who doesnt need his hand held by the company he's researching. It's crazy that one of these reporters says "there are no numbers". Here's a number. 1 billion miles driven on FSD per month currently. 5 billion in battery storage deployments and 1.3 billion net profit on that in 1 quarter. The best selling car in China is the Tesla Model Y.

[@johntheux9238]

Robotaxis will be big, but I'm pretty sure the stock jumped because of the huge increase in energy storage.

[@HopeIsFleeting]

The stock jumped because the shorts are covering. The shorts are covering because the numbers look so good, they don't see a pullback before 8/8. Which, is when TSLA will likely explode to the upside.

[@jamesandrew6153]

@@HopeIsFleetingI hope not lol But yes it’s because shorts are covering #3 shorted stock

[@patriceblakeway4421]

Nice to have someone who can backup his analysis with work.

[@BaileyJames-zv2ddd]

Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this

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We've all made mistakes at some point. You should consider financial planning

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Do you mind sharing your financial planner ?

[@OscarOwenn]

Leah Foster Alderman

[@OscarOwenn]

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[@weho_brian]

Shorts destroyed 😆

[@momofighter3211]

They got Burried

[@jamesandrew6153]

I’m in that boat lol

[@juicypickle4777]

What about Optimus?

[@lwilson1357]

Where’s Tom Lee???

[@shdmd2118]

That guy won’t be employed much longer lol

[@bloat4hk]

Can tell this guy loves to talk about career aspirations daily to his friends 😂

[@JohnDoe-rk1ck]

This boy is hilarious, “my mom was happy” 😂😂 Get him back on.

[@pondviewny2909]

His job is so easy and just give any random number in his head. 415,000 delivery, $0.86 robotaxi ride per mile. In NY, LA, SF ........ you pay $1 for taxi ? the most ride is around 1 mile there. What is your model ???

[@Yungstpatrik]

What about earnings? $0.91 Q2 2023. Estimates are $0.59 this year.

[@HJ-jy7fw]

Over analyze the robots, fsd, energy and ai.

[@alexedens1]

He’s wrong about multiple players in the Robotaxi market. Tesla has the only generalized solution. Tesla collects the most driving data by far, has the best in car inference chip by far, has the only video in/action out neural net, and has by far the most compute. All the competitors use premapped lidar based systems. They have no chance.

[@Youcanatme]

Tesla is overvalued how can it have pe 40 and german manufacturers 4-6

[@elvinlee7592]

P/e should be used very carefully to compare valuations. Sober things to consider are projected growth rates, margins, and capital structure (ie amount of capitalization through debt vs equity).

[@aai2184]

Great job.

[@prolific1518]

Deliveries down year over year and it pumped. It's not retail or investors behind this market delusion. US Treasury is active in the market.

[@RichardKing-sx6xc]

*LONNNNNNNNG TESLA!!!* 🤣😂😅😆

[@thomas8421]

Doesn't put any value in the robots but values robotaxis lol

[@NicoleLe-fx5br]

He’s been spot on!

[@damonkatos4271]

BYD is moving ahead in China.

[@paulnam6524]

Energy storage is another MASSIVE Tesla play. This company is going eventually be the world's most valuable within 5 years.

[@andrerodriguez7603]

Everyone else will be buying the autonomous software from Tesla.

[@Hunter-go4bv]

That is 4 or five years out

[@LudicrousModel3]

These beta male short sellers, have made me my old job salary in few trading days. They can all 👌👈 themselves

[@v.smedia1494]

theres already rob taxi on the road elon is late 😂and if the US let BYD sell their cars here telsa would go to crap 🤣

[@jeffreyjoseph9082]

Whatup Tom? Keep killing it buddy! Tesla to the MOON!

[@philip443]

So big guys can do the next short

[@vitbing]

who needs to do the rigorous math ! lets hear the skill to foresee some future ,

[@juicypickle4777]

Betting the richest man in the world stays the richest man in the world

[@SparkVisionHub]

The brown version of Tom Lee 😆

[@user-xr6zm8cx6r]

Who is buying in billions of stocks in Nvidia and Tesla? In days stocks going up in billions. Is it the hard cash are they buying or peoples money in the bank are being used since the interest rates hiked.

[@rho008]

Rigorous analysis is actually looking at Tesla as Tech, AI, Robotic, and most importantly Energy company. Not just, it's a car company. Show me Toyota building a bunch of gas stations or even charging stations all over the world. That's the difference.

[@robert5447]

I'm DRINKING my coffee and..and..and smashing that like button.

[@2023gainer]

Up near 40 % ..Zapp.... FSRNQ..11 % rise week... Tesla up 25 % week... Rivian 26 % week... Polestar..35 % week.. Archer flying 12 % higher today. Lillium Evtol Jets..Evgo and more. The EV sector charging Up Another Summer.

[@fhowland]

This guy is a 🤡

[@Mostly_bad]

Hopes and dreams.

[@cryptopunk888]

Tesla will launch 3 new cars on August 8th. one of the cars will be the 25k model 2. that will drive auto sales growth to resume. estimates are for 5 million unit annually. the other car is a robotaxi and most likely a mini Van. The RoboTaxi will be run by Travis Kalanick, the founder of Uber. Energy division growing at over 100% quarter-quarter. So basically growth resumes in a big way. All this is speculation so take it with a grain of salt!

[@shawn-le8bv]

dont bring this guy back

[@tresjolieme81]

yall know when their stuff catches on fire it takes everything to put them out. Batteries go bad eventually..

[@charbelutube]

Energy storage is the true business, on top of the RoboTaxi

[@prolific1518]

Cool story. Why did it pump on delivery numbers that were down year over year? It had nothing to do with the energy storage narrative you muskrats are trying to cook up.

[@MatthewMS.]

Hi 👋🏻 Tom’s mom, rooting for Tesla. I used to be a hater until elon became a Nvidia 💚🖤 customer.

[@Personalfinance_10174]

Just a meme stock now. How are the others doing?

[@damonkatos4271]

Who’s going to be the first to get in a robo taxi? When Elon can take a robo taxi down I-35 in Texas and survive lmk.

[@mmercato7174]

He made the math wrong...

[@knt3219]

The 443,956 Cars Sold By Tesla Was Out My Prediction. I Was Looking 420,000 Including 5000 Cyber Trucks For Any Positive Evaluation Last One Or Two Weeks Ago. The Current Market Is About $245 At The Minimum Before The Up Coming Earning Report In Mid July 2024 And That Is My Prediction. If The 3rd Quarter Continues To Do Well And The 4th Quarter Is Reached 478,000 Units By Jan 2025 Report , Then Tesla Could Be $310 Per Share And That Is My Another Prediction. Sincerely❤❤❤, KNT.

[@knt3219]

July 3 2024. 1:32 P.M. Sincerely ❤❤❤, KNT.

[@knt3219]

443,956 , From CNBC . Sincerely❤❤❤, KNT.

[@benm5678]

horrible analyst

[@ehhalexx]

This guy is so full of it lol

[@VJ-lt9uk]

Rigorous analysis lmao

[@DQ-su6qf]

Everyone’s caught up to Tesla?

[@finalversion6237]

like who? srsly. besides BYD which is a china threat, who? every other ev maker loses millions to billions on ev sales each quarter. they have yet to figure out to either get concept to real model, mass producing, and lastly how to turn a profit. more and more of these companies will go broke just like fisker recently. Rivian got 5B from VW but they lost 1B in their last earnings report. VW helping them stay afloat only for the next 5Qrtrs.

[@mikafiltenborg7572]

Tesla's competition is coming All over them self 😂

[@JimMcNutty]

This dude’s shirt is terrible

[@michaelmoran8755]

Robotaxi is a joke for the next 5 yrs at least. No one will do it till they have to.

[@robert-dr8569]

Tesla has to drop the price to be sustainable not only because the current Chinese EV car makers make much cheaper EV cars but also because Toyota and Honda have not scaled up their EV production yet. However, this is coming...Acura has started to make the first EV car ZDX, which looks very good but is significantly cheaper ($10,000) than Tesla's X. My question to Musk: what makes you think Tesla X can be $10,000 more expensive than Acura ZDX?

[@joebloe1401]

Pump on delivery news DUMP after earnings call!!!