Tesla's as much a story stock as it is a reality stock at this point, says Oppenheimer's Colin Rusch

Colin Rusch, Oppenheimer senior research analyst, joins 'Squawk Box' to discuss Tesla's quarterly earnings results, growth outlook, Elon Musk's long-term strategy for the company, shift in buyer base, and more.

[@LeonardAlbertKravitz0]

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[@mudathirahmad4506]

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[@WillaRussel]

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[@mudathirahmad4506]

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[@WillaRussel]

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[@JosephineLangford-jo3ej]

This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!

[@WilsonRobert-ce7jz]

Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Devion Jane

[@RamusJosh]

I agree just reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading..

[@JosephineLangford-jo3ej]

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[@DieterRichter226]

He mostly interacts on Telegrams, using the user-name..

[@DieterRichter226]

@KelvinHurdle..

[@Elaine09q]

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[@Samuel_K532]

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[@Juangalt]

They are building 1,000 Cybertrucks per week already. I don't think it's that disappointing considering how different the vehicle is.

[@markplott4820]

its a well Designed vehicle - see MUNRO teardown. its also a Complex vehicle , 48v .

[@MatthewMS.]

Worst earnings report all time. elon and fanboys: 🔥🔥 _everything is ok!_ 🔥🔥

[@bobbybishop5662]

They always cheer Elon's BS blah blah . The numbers were terrible. Why is the SEC letting this manipulation continue. Elon and his pumper channels on You Tube are misleading inexperienced investors.

[@ISwifty900]

There was nothing in the earnings that we didn’t know, it is all priced in!

[@dang2055]

Guess we found a short-seller who got his a$$ handed to him today. It’ll be ok. Shorting Tesla has really been a great idea over the years. People shorted it all the way from 12 to 160.

[@MatthewMS.]

“In the short run the market acts as a voting machine; in the long run it becomes a weighing machine.” - Benjamin Graham

[@maxpayne7419]

Musk never said they were coming out with a low cost model. He was very vague.

[@barconati]

It sounded pretty clear to me: “We’ve updated our future vehicle lineup to accelerate the launch of new models ahead of previously mentioned startup of production in the 2nd half of 2025. So we expect it to be more like early 2025 if not late this year. These new vehicles, including more affordable models, will use aspects of the next generation platform as well as aspects of our current platforms and will be able to be produced on the same manufacturing lines as our current vehicle lineup.”

[@badartist189]

This is a channel of haters do not expect any engagement. Telsa to the moon

[@user-ll9qk2el4d]

@@barconati “By the middle of next year, we’ll have over a million Tesla cars on the road with full self-driving hardware, feature complete, at a reliability level that we would consider that no one needs to pay attention,” October 21, 2019 -Elon Musk It sounds pretty clear to me it is just a projection. Until it happens, it's just happy talk.

[@quettagladiator5272]

@@badartist189TSLA meme stock is going to bust and along with it a lot of Tesla idiots…!

[@markplott4820]

Multiple affordable Vehicle(s) , ELON said.

[@europana7]

Based on past delivery performance, doubtful this will arrive as per promised timeline ... Just like all his other promises. This is just to boost the stock then reality delays will creep in.

[@ElonMuskoffical164]

Hello 👋

[@markplott4820]

Tesla NEW model 3 PERFORMANCE is a bmw, audi, porsche KILLER.

[@MatthewMS.]

5:15 lol

[@ABanRocks]

It is true. Tesla customers are normally left wing and Elon has chosen to be in the right in politics. This is bud light all over again

[@Hugo-py2ce]

What the Heck is this guy talking about? FSD Not even close to happening? Has he driven version 12.3.4?

[@habaneropepper8025]

That was a very surprising statement which makes me wonder if the guy knows anything. I have watched KZbin videos of FSD and it is amazing.

[@Truthwinsalway]

Why America 🇺🇸 don’t appreciate USA companies like Tesla but try to pull it down?

[@solar2k6]

Imagine a stock’s future being contingent on the company making ONE AFFORDABLE VEHICLE while its competitors produce multiple. Tesla is a pandemic vehicle. The music is finally slowing after a really amazing run of growth and so the company pivots more toward autonomy. Meanwhile the cybertruck WILL AWAYS have production and quality issues no matter how many “orders” there may be. meanwhile sales decline for model 3 and Y (flagships) and nobody wants to pay for models S and X. Everything musk comes up with is straight out of the movie Total Recall. Also it’s an election year. This is the worst time for Tesla to be down. Robotaxis, cybertrucks and autonomous robots are what you’re betting on now. Enjoy. The words Tesla and “affordable” should never be in the same sentence. THE EV space as a whole is an expensive undertaking just without gas. So I don’t know what kinds of out the door sale and service prices people expect. It’s gonna cost no matter what, don’t be naive.

[@TheMagicJIZZ]

The cybertruck is a prototype platform for the model 2 robotaxi It's not talked about much with 48v and steer by wire and no Paint shop needed for stainless steel If you wanna see the robotaxi it was in the Walter Isaacson book last year And hinted at in master plan part 3

[@amera6177]

Why people keep saying we aren’t close?! My car drives itself almost anywhere now with no input other than the very very annoying prompt to touch screen. It has gotten way better than 3 months ago.

[@user-ll9qk2el4d]

Apparently, you haven't seen reports in which Tesla drivers had gotten into 956 accidents using autopilot, some of them fatal. If you are talking about true FSD (Full Self Driving), it is NOT ready yet. As of now, you still need human monitoring and intervention. Yes, it will continue to get better, but it is not close.

[@Boborodful]

Tesla fsd is like Amazon grocery store ai. Just a dude in India driving your car for you 😂 that’s why you gotta pay a subscription fee

[@ThePhilangeli]

@@user-ll9qk2el4d Not ready yet and close are not the same thing. As for the accidents, they have the lowest rate than any other brands because of those features. There might be more reports because Tesla is great click bait for small minded folks but facts do not support that narrative.

[@GoldTau-km9dm]

Take unmanned Waymo’s for long time in SF, so I would hope Tesla not far away 🤞

[@TheMagicJIZZ]

​@@user-ll9qk2el4dnobody died in fsd. And so what if people die in ADAS? Every car since the 90s have autopilot cruise control Fsd is like chatgpt its always improving

[@zzcossackzz1890]

Robotaxi, self-driving vehicles - BYD and other Chinese EV manufacturers will take over within 5 years and render Tesla your grandfather's EV vehicle. They are done like dinner.

[@HomesteadEngineering]

Elon sees the future and what I heard him say was: Model this and model that is irrelevant. Its ALL about autonomy and only Tesla has it. If a car does not drive itself then its a horse and carriage (no-one will buy). Then I heard him say that Tesla is going to take that same AI model and drop it on other stuff starting with a Humanoid Robot that will be more valuable then the car company. Tesla is SO far ahead and the mainstream media is literally still discussing "Can we charge if its cold".

[@ricardodcsilva]

If only Musk devoted as much time to Tesla as he's doing at tweeting and politics, maybe Tesla wouldn't be in such a dire state. That guy is in full hubris mode.

[@user-tm2mt5ms5o]

How do you describe "dire state", 25 billions in cash and cash equivalents is an appropriate definition of "dire state". So I totally agree with you.

[@markplott4820]

ELON , spends 95% of his time @ TESLA.

[@ricardodcsilva]

And that is some very low grade BS.@@markplott4820

[@ricardodcsilva]

95%?... that is very low grade BS@@markplott4820

[@suresh_elonbro]

please sell.

[@gward117]

Struggles means the predictions are very questionable

[@Stockmonger4u]

It's sad the word "political" is has to be used when talking about a car company. Personally, I don't give two chits what Elon Musk thinks politically, as I am buying the car Tesla makes, which is a damn good one. Politics continues to divide us, puts us into different boxes. It's time we use our brains and not make decision across party lines or a biased media outlet. No party has the patent on "right", no one is perfect, no company always makes the right decisions at the right time, but to hate on Tesla for being future forward, for having an outspoken leader who has the balls to say unpopular things or speak his mind? Chit, most of us do that on a daily basis, most Trump supporters love that very thing about him. To me, when CNBC covers Tesla and Elon negatively 95% of the time, it's no longer about cars, earnings or technology; it's personal and political.

[@ZupE891]

It's always been a good idea to invest in a company solely on what they do today and not project into the future years at all...

[@user-ll9qk2el4d]

True. At the same time, investors want to see results, not just talk and promises.

[@ZupE891]

@user-ll9qk2el4d which elon talks a lot. And his timelines have been way off when projecting future years road map. But eventually he delivers. Like full self driving Is finally here after 5 years of promises

[@user-ll9qk2el4d]

@@ZupE891 Do you really understand what Full Self Driving is in a practical sense? It means no driver's monitoring or intervention is necessary. Tesla's disclaimer: "Autopilot and Full Self-Driving Capability are intended for use with a fully attentive driver, who has their hands on the wheel and is prepared to take over at any moment. While these features are designed to become more capable over time, the currently enabled features do not make the vehicle autonomous."

[@ZupE891]

@user-ll9qk2el4d we have the supervised version right now. But it's capabilities is on the verge of not needing any supervision. That's why the robotaxi event is now finally scheduled. Tesla knows what the tech is 4 months before we see it

[@markplott4820]

the FUTURE is 100% Electric & AUTONOMOUS - ELON. Q1 2024. TESLA is the only OEM thats Executing.

[@Anthony-dj4nd]

Should have released the affordable ones first. I thought Elon was Smart?🤨

[@quettagladiator5272]

Well Elon is smart his fanboys are not…He is successful in selling TSLA stock at ridiculous price and buy Twitter…He is trapping enough idiots to cash out his TSLA stock!

[@markplott4820]

thats a 100% sure way to go BANKRUPT. Release low Initial Volume , low priced Vehicle. TESLA is the Correct strategy, sell low Volume EXPENSIVE super car FIRST , then low volume LUXURY super car next. on and on , Repeat.

[@swarajnanda5990]

😂 how delusional are these analysts….

[@maxpayne7419]

Tesla is a short seller’s dream

[@rjo8500]

Until it isn’t

[@maxpayne7419]

@@rjo8500 when the stock hits zero

[@Wongseifu548]

Is that why short sellers lost more then 12 billion last year

[@rickhayes-oh2zm]

Copper is going to be higher priced . How is Tesla going to make cheaper cars. Electric cars use a lot of copper.

[@markplott4820]

48v Doesn't use any Copper, SOLID Aluminum HV cables . for 50% Cheaper cars - see Tesla "unbox "process , 48v , Structural battery. Multiple Affordable Vehicles built on NEXT Gen Platform & Existing Platforms.

[@markplott4820]

also , TESLA eliminated COPPER wires in Tesla ETHERNET Ring. see - MUNRO @ SAE WCX 2024.

[@sarabeth8050]

There is massive demand for hybrids and PHEVs. Go to any Toyota dealer and you have to get on a waitlist for those cars. By contrast, Tesla inventory is massively discounted to sell. It doesn't help that EV buyers are overwhelmingly and passionately liberal and the Tesla CEO came out recently as maga. Those buyers are avoiding Tesla like the plague. The question is whether Tesla can survive as a company with Musk at the helm.

[@RowdyLpx]

One of the many drawbacks of turning your company into a cult of personality.

[@SamCopper101]

Some of toyota hybrids has 1.5-2 yr waiting list.

[@markplott4820]

NOPE , Hybrids have DECLINED since 2017 with no going back to PEAK. LEGACY auto is going in WRONG Direction , Meanwhile TESLA is eating LEGACY lunch & REGULATORY Credits. Hybrids have 90% more Maintenance than TESLA, bev by anyone 60% more. TESLA 300,000 miles to FIRST Maintenance.

[@Wongseifu548]

Yeah that's a lie

[@escpointer]

Enjoying to see CNBC clowns😂 Last agony

[@esta1177]

Can anyone tell me you are guaranteed a free autonomous upgrade from Supervised FSD, if and when it becomes available????

[@markplott4820]

NO, FSD will become FREE, Autonomous will be $100,000.

[@esta1177]

@@markplott4820 do you even have or tried FSD?

[@markplott4820]

Tesla is giving ALL NEW owners FREE FSD (supervised) for 1 month Trial. EXISTING customers w/ HW3 get FREE 1 month Trial FSD supervised. NEW FSD pricing , low as $99/mo TRIAL or NEW lower Purchase price $8,000 for LIFE (long as you own car). NEW Referral perk 3 months FREE FSD supervised.

[@user-eh5gz7pg7j]

Christy was a Hot 🔥 mixed sacramento Kings 🤴 basketball player in the 90s and 2000s when i was in California but do you think Arabs or Jews are going to think of him highly,? Sacramento kings should've drafted me because my light colour is pure inherited from my semitic tribe

[@Bwekfest]

In tech😂

[@Probablyshouldnthave]

I don’t think Colin can see past his nose

[@axe863]

Pure irrationality lol

[@Boborodful]

Elon lies like trump. 😂

[@markplott4820]

TRUMP is HAM-ass.

[@FAMA-18]

Don’t be silly.

[@Wongseifu548]

Lol I sense your desperation

[@Boborodful]

@@Wongseifu548 gfy

[@hannahmoore279]

teslas are cringe

[@markplott4820]

then YOU have not Driven NEW model 3 2024 & FSD (supervised).

[@Wongseifu548]

​@@markplott4820exactly too many want tesla to fail because tesla threatens their business models

[@badartist189]

19th orofitable quater in a row yall are some dellusional people

[@quettagladiator5272]

Profits are free falling and TSLA bubble stock has PE ratio of around 50 which is ridiculously HIGH!

[@truckershammock4250]

Colin Rusch is a stinky story analyst.

[@willtwain1383]

New models, "late this year." ~ Elon Musk. Snake-oil salesman.

[@markplott4820]

Multiple AFFORDABLE Vehicle(s) , coming 2025.......- ELON.

[@markplott4820]

also, built on NEW Next gen Platform & Existing Platforms.

[@willtwain1383]

@@markplott4820 He lies.

[@markplott4820]

@@willtwain1383 - ELON, turns the IMPOSSIBLE, into merely late. but, he gets the JOB done.

[@Wongseifu548]

Nice try troll

[@dynomotivedyno9194]

"Story???" Hahaha. Elon fantasy and lies. A million Robotaxis by 2020!! " 50% GROWTH!! "Tesla FSD is so good, Tesla's will appreciate in value (2020)". 🤣😂🤡🤡🤡

[@martina5328]

Teslas are simply not cool anymore. They are 5+ years behind the Chinese in quality and tech. Teslas are un-cool.

[@user-ki3rh2ve8e]

Are you serios?

[@markplott4820]

CHYNA only makes very CRAPPY analog cars , they are lacking Tesla FSD , cannot Drive curb to curb ZERO Interventions. CHYNA cars are NOT even HIGH TECH Smart cars like TESLA.

[@martina5328]

@@markplott4820 Have you driven a NIO ??

[@martina5328]

@@user-ki3rh2ve8e Yes. The industry is very aware of that the Chinese cars are at least 5 years ahead of Tesla.

[@markplott4820]

@@martina5328 - YES, in Shanghai . its LUXURY , its high tech. built too EXPENSIVE. battery swap is too CAPEX. slows down GROWTH. FASTER growth w/ Superchargers.