Tesla likely bottomed and is set to grow with new vehicle releases, says George Gianarikas

George Gianarikas, analyst at Canaccord Genuity, and Tim Higgins, business columnist at The Wall Street Journal and author of “Power Play: Tesla, Elon Musk, and the Bet of the Century," and CNBC's Phil Lebeau join 'Power Lunch' to discuss Tesla's Q2 moves, outlooks for the stock, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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[@latoyia-z3n]

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

[@braidenchesnutt]

Some strategies could be put in place for solid gains regardless of the economic situation, but such execution is usually carried out by an investment specialist.

[@marilynchamber-i3t]

@@braidenchesnutt I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.

[@latoyia-z3n]

@@marilynchamber-i3t Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

[@marilynchamber-i3t]

@@latoyia-z3n Just research the name, Victoria Carmen Santaella. You’ll find the necessary details to work with a correspondence to set up an appointment.

[@latoyia-z3n]

@@marilynchamber-i3t Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.

[@RealVision24]

Say what you want but Elon is known for making doubters eat those words

[@M3W3]

Why no talk about energy segment? It literally double.

[@itsatrap7215]

The talking heads literally have no clue because they never pay attention to it.

[@twogirlzonemike]

It's too small still. It has little impact at current levels

[@santiagocarreno5881]

good argument; that's the amazing thing about high tech companies, new and even more profitable business lines come from least expected; who knows, maybe even over time , things filp around and Tesla becomes a mainly energy company with a car division

[@colddogs]

show me elon’s bank account and prove to me he didn’t buy 15,000 teslas to beat the street estimate 😂

[@Scriptkiddi3]

Spending 0.5B to earn 20B, nice.

[@LarsBergstrom-uh2eu]

It was stupid of me to sell $76,000 worth of TSLA stocks without reinvesting. I might turn to cash soon if I don't. Any particulars? (Buying bonds or CDs is not for me).

[@LivaHolst]

With the uncertainties that is experienced in this current recessive economy, It’s important to consult with a financial advisor before making major inveestment decisions.

[@traviswes7082]

You're right, I and a few work colleagues work with a CFA who prefers we DCA instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter. I wouldn't have known this awesome strategy had I continued investing by myself.

[@Alejandracamacho357]

nice! once you hit a big milestone, the next comes easier.. who is your Advsor please, if you don't mind me asking?

[@traviswes7082]

Kathleen Cheryl Constantz is who I work with and she is a hot topic even within the finance elite . Just browse, you’d find her webpage.

[@jessicawesbond2312]

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

[@lesliegweir]

The Cybertruck is not "long in the tooth", either is the the Model 3 Highland.

[@shepherdsknoll]

CNBC never seems to grasp that Tesla is the only proprietary, fully integrated EV in the American market, this is incredibly important to understand, once you do , you get that Tesla cannot get “long in the tooth”, buy a Tesla you get the EV equivalent of a smart phone, buy ANY other EV for sale in the US and you get the equivalent of a flip phone.

[@chessdad182]

I was crossing an intersection and a Tesla CyberTruck almost hit me. I stopped before it had a chance to strike me. I was wondering if the driver was staring at his big screen, or had it on AI drive mode.

[@preciousndlovu6411]

CNBC always trashing Tesla stock and then promoting their own stock. I think you guys should be ashamed of your self

[@stevefink6000]

Right. Comparing robotaxi to waymo are two different things. Waymo is geofenced and speed contstrained. Also waymo cars are very expensive and their network is monitored and intervened by a team of humans in the background. Waymo is likely not profitable and can never scale.

[@markplott4820]

CNBC does not know that Tesla Robotaxi is already OWNED by +3 MILLION Tesla users, all ELON has to do is flip a SWITCH.

[@chessdad182]

I was crossing an intersection and a Tesla CyberTruck almost hit me. I stopped before it had a chance to strike me. I was wondering if the driver was staring at his big screen, or had it on AI drive mode.

[@danielscott1409]

Chinese cars don't have the data on Western roads

[@RajDeelish]

That only matters if you want autonomous driving. Some people just want an inexpensive EV, period.

[@mandelm2001]

Why are you guys talking about cars and deliveries? The stock is going up because robotaxi and FSD are soon to become very real contributors to the bottom line, and energy also is finally making itself obvious. The delivery beat was a sign that there is now nothing holding Tesla back. In the earnings you will see a noticeable increase in non auto revenue. Aug 8 Robotaxi will be unveiled. Before then hands free FSD will be in at least limited release (it is already).

[@quickpstuts412]

This! They are clueless.

[@ForwardThinkingIncome]

We used a waymo in Scottsdale Arizona this June. It was our designated driver when we left Platform 18. I personally would do it again.

[@samnater]

😂😂😂😂😂

[@dmok42195]

not a good coverage.. I am going back to the real news where they talk about everything.

[@markplott4820]

TIM is completely Wrong. Cybertruck is Completely NEW Benchmark Tech. the 2024 Tesla model 3 is Literally a Brand NEW auto, its ALSO a Benchmark. when TESLA decides to UPGRADE the best selling Model Y , it to will become a Benchmark.

[@chessdad182]

I was crossing an intersection and a Tesla CyberTruck almost hit me. I stopped before it had a chance to strike me. I was wondering if the driver was staring at his big screen, or had it on AI drive mode.

[@danielscott1409]

The fsd take rate importance is wrong, that's not the point

[@chrisl-sawma4237]

again these simple minded bozos can't fathom the fact and concept of SaS and energy??? I just can't as an engineer this job sector needs a new standard w/ tech companies taking over because this AINT IT. like a 80 year old trying to deduce the valuation with the glued mindset of automakers = car but thats not it AUTO MAKER in 2024 = SaS / Car / Energy /client asset as service which is a new revolutionary model.. lets not forget Optimus is happening... is Ferrari (the runner up by a long margin in the global auto sector) doing that? Absolutely NOT. so please. These simpletons are beyond saving..

[@msmiller57]

Not a word about the Energy business increase over the quarter, it's staggering - dolts abound!

[@MaxEmberson]

Not all the analysts are in touch. For the remark we need to see FSD? No wrong there are 400,000 drivers mainly in USA driving with FSD. So many of the Teslas that you see are on FSD and all the rest then are on Autopilot. So for that analyst - Tesla have the biggest autonomous fleet running already and its just activating the ride hiring app in a beta process after which they will bring more drivers online. Important to understand the fleet of 400,000 is already on the roads. Elons decision to not use Lydar was genius as they can bring thousands more Robotaxis online each day, by just activating the preloaded software. The point on retaining FSD has two stages, now it is 2%, when Robotaxis are online and your Tesla can earn you $60,000 a year FSD uptake can be 92%. Like his rockets, Elon has a trajectory to a very strong market position.

[@simpiwemaqwara2184]

Inflation fears no longer scare stock market AI is the catalyst

[@KungPowEnterFist]

Its a YOY drop for Q2, so to say the bottom is in is very premature. This is much more likely just logistics noise in the data. They won't get that boost next quarter.

[@r0r0thegr88]

The specificity of our city of our city

[@AuralioCabal-nl8gi]

Among the Chinese competition only BYD has anything to show in profits in BEVs , Xpeng and Nio and others are having trouble making money with their EVs..Geely group might have profits in a couple of years.

[@matthewroberts4698]

TSLA target 470 by year end

[@lastmanstanding3739]

This is a scam video

[@pathfollower]

What did he say about Tarrifs?!?! The EU just clobbered the Chinese EV makers with Tarrifs. Lets face it. It's the Chinese that are Tesla's primary competition in Europe. The European's haven't got there yet. And it's the same here in the US. Tarrifs help Tesla mop up, when we only look at the automotive side of the business.

[@chessdad182]

I was crossing an intersection and a Tesla CyberTruck almost hit me. I stopped before it had a chance to strike me. I was wondering if the driver was staring at his big screen, or had it on AI drive mode.

[@mikespence8895]

Lets gooo!🎉

[@R4dr1ar]

Spoiler: His analysis is never right, performance - 3,3% per year (yes, minus...) 🤡

[@dopamine636]

Just wait for Tesla to turn on the Ai switch and 5 million cars can drive themselves

[@JamesMullarneyIsAFraud]

yeah. Like all the other stuff hes promised that never eventuates.

[@RajDeelish]

That's BS. Most people don't want strangers sitting in their cars.

[@shangpush]

Tuesday's up probably due to short sale covering. By several measures, Tesla's price was poised to drop. Its deliveries "beat" was a very modest on a percentage basis. Emotion beats logic most of the time it seems. These folks talking about PRC's EVs. Hello? Hello? The Detroit carmakers and the Japanese car makers also make EVs -- and good ones. \Alsao, what will ESG investors have to say about Elon's $56 billion pay deal?

[@danielscott1409]

Tesla is going higher on speculation of its robo taxi announcement. Also, once the Fed cuts the Chinese will stimulate like there's no tomorrow which is good for Tesla China.

[@markdc1145]

Nobody wants EVs. Crap cars.

[@zanquilladus1]

Tesla is the highly over valued. Tesla will have a major drop in Q3. Tesla releasing a 8thousand dollar car for over 50 thousand. The US government placing tariffs on Chinese cars.

[@sarabeth8050]

Tesla makes sedans and hatchbacks (models S and 3 and models X and Y). Also, a crazy wedge shaped thing. No one wants those. People want boxy SUVs and boxy pickups. Tesla makes neither. Until Tesla does, it will go bankrupt quickly.

[@Sonder2030]

I’m not sure why anyone would buy Tesla over a company like Nvidia. It just feels like name recognition and cult of Elon buyers.

[@dangrass]

because Nvidia is hideously overvalued and is basically a one trick pony. Tesla has a solid car business, a rapidly growing utility-scale battery business, an autonomous robot business, and is the world leader in Ai.

[@eplugplay8409]

One trick pony for Nvidia and it is not an AI company as to many people "think" it is. Nvidia is a chip design company that currently happens to have a monopoly but it wont last long.

[@KSunMMA]

bc software always beats hardware, plus, most ppl sold 30% of their NVDA holdings to take some profits before the next rally with AGI between 2027 - 2030, humanoids are great, but to reach mass adoption would take at least until 2027 via the NVDA Rubin GPU, why not do 50:50 NVDA & TSLA, i’m NVDA heavy while my 4 yr old daughter is TSLA, so household we about 50:50

[@Sonder2030]

@@KSunMMA I don’t disagree with that strategy but Nvidia is not just hardware. If anyone is even thinking about FSD and robotaxi TAM while ignoring nvidia’s software opportunity they’re not paying attention.

[@Sonder2030]

@@dangrass “world’s leader in AI” over Nvidia 😂 I thought I was drinking kool-aid. You’re aware they abandoned dojo for supply limited Nvidia chips right? Elon can’t get enough Jensen.

[@ibrahimseth8646]

Payout(30 Year)=3,000B { Loan(30 Year)=1,300B Income(30 Year)=1,700B } Invest=? Yield=8% Year=30 Invest=3,000B/1.08^30 Invest=300B(30 Year) 12 Month=300B/30 Year 12 Month=10B=A 5%=10B(Dividen) 100%=10B/5% 100%=200B(Invest) Loan(30 Year)=1,300B Loan=? Yield=5% Year=30 Loan=1,300B/1.05^30 Loan=300B { Invest=200B Dividen=5%=10B=A Invest=100B Dividen=5%=5B } Dividen=5%=5B { 12 Month=5B 360 Month=150B Yield(Average)=8% Yield(30 Year)=150B*1.08^30 Yield(30 Year)=1,500B } Note: Gold Yield(Average)=8%, Silver maybe more. Thank you.