Why Tesla's stock is plunging
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- Опубликовано: 15 окт 2024
- Craig Irwin, Roth Capital senior research analyst, joins 'Power Lunch' to discuss Tesla as the stock of the electric vehicle company took a hit after posting weaker than expected second-quarter earnings. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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Palantir, ARM and Nvidia are all still good buy, but what do I know I’m not a market expert. You should speak with one
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Craig Irwin is one of the lowest rated analyst on wall street. For very good reason.
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Craig is just lying at this stage. Same power to run FSD as to move the car. What a load of rubbish.
Suprised to see nobody has mentioned that musk and his rhetoric have probably alienated a large part of the base that would be interested in teslas.
I know a lot of people that have went from liking musk to absolutely despising him within the past few years. I find it impossible to think his political stance and conspiracy theories haven’t affected his brand image.
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at time 2:09, this analyst said that 'the power consumed to run the FSD computing is about the same as to propel the vehicle' .. I am not the expert in FSD technical and not a Tesla technical. But I find it difficult to imagine that. I checked the fact using chatGPT and the answer is 'the FSD system's power consumption is relatively small compared to the driving power consumption, accounting for approximately 1.67% of the total energy used for driving in the city.'
That’s not the problem. The problem is that Tesla FSD has been sold to consumers as a viable product and still does not work as promised!
He also said that they need a lot higher resolution. Higher resolution images will also require tons more compute. Half is a bit of a stretch tho, i think
Thank you. Good research
Thinking to invest against Tesla stocks 😂
He does make some good points, but that comment about energy usage is completely wrong. Thinking that the energy to drive inference on Tesla's FSD uses about the same amount of energy to propel the car, thus cutting the range in half comes from people who have not done their due diligence. This comes off as an analyst who is more a Tesla hater than an analyst. Inference used for FSD driving uses significantly less energy than creating/training a model to be deployed for FSD.
He is a Tesla hater, and an annoying little twerp as well.
Plunging because of Musk's behavior
Cyber truck is a dud for sure.
Sold the same as f150 lightning for a model that is just coming out. How is that a dud?
@@insight8390Your benchmark is a Ford EV? Ford barely sells any EVs
@@user-ow1bn6qv8q Haha exactly right
Craig is an idiot
He is long ford and a Tesla short - hack man - acts like he is an expert / shut up man
tesla semi truck caught fire
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Well said Craig. Hosts look like they own tesla shares 🤣
He's the guy with a $50 price target lololololol
Well, looks like Tesla's taking a nosedive! 📉 With $150k in my emergency stash, maybe it's time to swoop in and grab some discounted shares. Anyone else eyeing this dip for potential gains?
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this guy doesn't know what he's talking about
nvidia will never dissapoint people. people will always buy nvidia
lol
Please let me know when you find a stock like this, PLEASE! It's coming down to earth now. I'm hoping to buy at $110 to $100.
tesla robotaxi day is gonna flop, cos their FSD still cant SEE !!
Those robotaxis sound crazy expensive with small margin returns😮
3:48 “cyber truck was a dud” 100% correct. When pushed he actually told the truth about the Musk’s Tesla pump and dump
The whole market is dumping
You can't waste billions on zero profit R&D and still have fresh product. FSD and Robo Taxi will never even pay back the investment.
Sure but wall street doesn't care so much about that. As long as you're making *some* profit (and growing) even after billions in sunk costs, they'll *love* you.
You should apply for a job as CNBC analyst. We need more comedy.
Robotaxis never happening.
Deliveries down from last year.
How about vehicles powered by Musk's hyperbolic grift of automobile consumers.
🔥
I'm not an expert on electricity but I'm pretty sure one doesn't "consume electron" when using electricity. Heck, electricity does even seem to transmit through the wire, but more like via the electromagnetic field.
Tesla Semi is a complete lemon…?🍋
Lots of semi on Ca highways that haul a full 80,000 lbs that make diesel’s look like they’re standing still.
Tesla Semi will revolutionize the world
@@shepherdsknolland then you woke up?
@@992GTS-DC , you so clever… spend your extra time getting a GED instead of making negative comments.
@@shepherdsknoll I give you free education and then you complain 🤦
Didn't Ford report a billion dollar lost in their EV business
My friend harry chu must be buying these Tesla stock discounts 😂😂😂
Enough with the discounts, opportunities and sales. Why can't we just 10x with the small number of shares we all already have?
Can anyone please explain why the stock is only down 12.3% today after one of the worst earnings reports in its history and considering every other tech stock is down 5% as it is - which means the penalty to TSLA was only about 7%? This thing should be back at $200 or lower.
@3:06 "I recommended it in 2019" - good - only decent thing you've said...
I worked on developing self driving vehicles for over 20 years. I have driven the Tesla Y with FSD. In my opinion, Tesla FSD will be better than most human drivers next year (2025). Robo Taxi at scale by 2026.
I don't think so. The computer vision aspect of it needs to evolve further. Maybe in 5 years. Stay tuned.
valuation is out of whack!
Kelly does not want TSLA to drop to $85.00 per share.
Thanks for the detailed review, now I know exactly what to choose.
45 million dollars a month for Trump's campaign. Bye bye Tesla. Also foolish supporting Trump, while he doesn't like EV's
Elon whole motto is sustainable energy...yet he is voting for Drill Baby Drill for president...😆
Shallow shallow shallow
Energy is doubling
Can’t trust anyone who says “basis points”
Great 'point', but on what 'basis' :-)?
So any finance professional who actually knows what they're talking about?
Comparing Tesla to Toyota says it all about this clown.
People who would buy electric hate Elon Musk
Some of the technical points raised in the interview are innacurate and overstated, or based on misunderstandings of Tesla's technology and capabilities. FSD computing energy consumption for example. Do your own research, while I respect the finnacial knowledge of this person but it's shows some lack of knowledge on technology and how disrruptive Tesla solutions are. Comparison with Boston Dynamics are missleading, Tesla's resources and multidisciplinary expertise, including AI, manufacturing, and software, give it unique advantages over Boston Dynamics. In any case always happy to hear different opinions.
It’s not a car company, it’s a AI company that sells cars as part of the business
If you believe that I have a bridge for you.. that is not a bridge.. It's a nike sneaker.. Tesla is a SCAM
Na. Car company when almost all your revenues are from decreasing vehicle sales lol
Exactly $0 of Tesla's revenues come from AI. It is a failing car company that wants to distract as many people from that fact by throwing sparkling things up in the air.
@@David-ff7vpthey went from 0 to 1.8 million in 12 years so it´s not really decreasing; before you judge put all parts together
Irwin is one of the analysts who just don’t get it.
Next year everything will be fine. Sounds more like a political party than a company.
the moment he said boston dynamics is ahead I knew he has no clue what he is talking about; he should go and visit BD and see why their robots move as they do on camera
Tesla is going to be the next Bruno Bike😂😂😂😂😂
Finally, it’s Craig’s time to shine ✨
😂right 😂😂
Price tag 156$. 2025?
Lets thst sink in.
Cannot stand the swooping sound effects, going to watch something else now.
Resolution on cameras won't help FSD. Need IR or lidar to see in weather or darkness
TSLA is a car manufacturer!! 😂😂
Self driving is not a selling point yet. Every major manufacturer has new EVs this year. Tesla has real competition that has a higher build quality. Cyber Truck was complete garbage.
Ok CNBC, replay this two month old interview today and watch him get laughed out of the room. Cybertruck a dud?? Here's an idea .. Why not interview an "expert " that is not a bottom feeder?
What happened to other clown? G Johnson I missed that guy, Craig is a Toyota guy
Anything with 4 tires is a car
"cyborg cab" 🚖
clever word play 👏
🤖 + 🚖 🚕
tesla wants to restart fresh I don't blame them let the stock tank!!! 40%
😂😂😂😂😂
Why do they give this guy airtime? Seriously, his track record is abysmal.
Love what they do - come on man! You see are a dung beatles
Rise don’t invite him drop invite him lok😅
This guy has to know he’s lying through his teeth. Half the car battery’s energy to run FSD? That would mean Tesla’s have a range of 600 miles while not on FSD. WTH?
Cybertruck a dud? (Tesla will only sell the most expensive Founders Edition this year due to demand).
Robotaxi with a steering wheel? No one knows what will be unveiled on 10/10.
It’s okay to not agree on a valuation, but to justify your reasons by flat out lying gives this dude zero credibility.
Musk needs more shiny objects to get the investors fired up. Next flying cars, WestWorld style humanoid pleasure bots.... whatever it takes to pump the stock. Keep the promises coming.
Is Akoustis (AKTS) the next Nvidia ?!
Good.
Ohhh Craig I hope you put your money where tour mouth is😮
Total FUD here. Doesn’t even mention Tesla Energy. Hack.
Hey Craig -- you were 100% wrong about Tesla!
Finally someone is talking about reality, not dream talks by most others
Stop bringing this guy on your show. He is awful!!!!!
Would you buy a car from FASCIST Elon??
Go go go…ld 🥇
WRL.
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One of the worst analysts on tip ranks. No credit whatsoever.
Dont tell me - youre losing money and dont like hearing facts about why. Am I right?
I can listen to this guy max 2 seconds . Bye
Craig Irwin
Craig Irwin from Roth MKM - success rate 45%, average return 6.3%. As per tiprank. Sit down Craig
I definitely WILL NOT allow this man to invest my money
Tesla Energy margins 24%+. No mention of that?
Followed teala from 2012 where they said tesla will go bankrupt that year. Elon delivered 5 years late. Plus respectfully boston dynamics inference isnt aa good as teslas so not a correct comparison. I would humbly ask this person to learn about technology