Here's why Wedbush's Dan Ives slashed his 12-month stock price target for Tesla
HTML-код
- Опубликовано: 25 янв 2024
- Dan Ives, managing director at Wedbush Securities, joins 'Closing Bell' to discuss Tesla and his outlook for the company. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
www.cnbc.com/select/best-cred...
#CNBC
#CNBCTV
You know Dan is bearish when he wears mostly normal clothing.
I was thinking the same thing
Today he is playing checkers
Sometimes analysis could disguise a stock as a value stock especially when you are considering only the PE ratio and maybe the book value of the stock. I've made some money during these analyses myself, but I still feel like something is missing. I'm starting the year with a 60k portfolio, but I want to tread carefully.
Stock analysis is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. Nonetheless,I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
I’ve diversified my 350K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $730k in net profit across high dividend yield stocks, ETF and bonds.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
Credits to 'Natalie Marie Tuttle' she has a web presence, so you can simply
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Dan is tying himself in knots trying to justify his disastrous position.
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
I would avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.
This is why I've entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
Please will you be kind enough to share the details of the man that helped you?
Actually its a Lady. Yes my go to person is a 'MARY KALIOPE BRAUN'. So easy and compassionate Lady. You should take a look at her work.
Thank you for sharing. it was easy to find her, then I scheduled a phone call with her. She seems proficient considering her résumé.
I want to invest roughly $700,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?.
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Certainly, I've been consulting with a Certified Financial Planner (CFP) since the outbreak. Beginning with an initial fund of $80k, my advisor makes decisions on when to enter and exit positions in my portfolio, which has now expanded to around $350k.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.
Christine Ann Podgorny is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
This is beyond amazing. wealth is attainable, do this.
Growing money is proficiency, saving money is behavior and Making money is action.
Failure to take good actions on your finance, lncome will remain stable while expenditures rise. The rich acquire fortune cause they seek the aid of finance-pro(s) to achieve their financiaI goaIs.
that’s an upright approach, I'm 52 and my financiaI Iife is in a mess. Any ldea would really go a long way in shaping my life
I accumuIated immense growth in my finance (amount is confidentiaI) by varying into a lot with the aid of my finance pro. So far it has been greatness in my finances.
sear ch the name below, lf you care.
Fair dues- he came back on to discuss unlike many others
Greg Branch and Jenny Harrington needs own up to a missed call like Dan. Stud move Dan!
Indeed, any who have made bad calls should.
@@MatGomeeJenny will never admit her dear Intel play has been a disaster
No fair dues. Anyone with half a brain could see TSLA has been extremely overvalued for a very long time. This guy was a cheerleader pumping the stock not a serious person doing serious analysis. He's a moron.
He's man enough to come back and admit he's wrong
bro hes gonna come back next week and say its the best company ever
How is he wrong if in 5 years tsla will be higher than now?
He's even man enough to not wear blue or purple. What a true man
The Messi of apologies.
His firm is shady at best. Dan Ives tried to pump this so hard.
And Ron Barron.
Don't forget, "All you need is Ark" 🤣🤣🤣
He is shady af . He probably thinks he has the credibility to be able to pump the stock . What an idiot!!
315 dollars is what? 80 times earning with no growth in sight for 2024. That's ridiculous.
Who says no growth? Let's get accurate here: "reduced growth rate", meaning some growth, but not as much as last year unless rates cut. Pretty typical for a recession. They just released the CT, will released the Highland model 3 in a few weeks, the Juniper model Y in a few months, and the Roadster by end of summer, and no-heuristic FSD a few days ago. Half of those already got rave reviews. 10,000 new CT orders per week. Elon is just being cautious and attempting to get a good price on his next round.
@@Dave-cf4vd the fact is that EV sales have been slowing for several months now. It would appear that the trend may be coming to a end, at least for the time being and rate cuts have nothing to do with it.
And, momentum going the wrong way. His call allows him to say he was right whether the stock goes up or down. CLOWN
When youre an analyst in trouble just pivot to AI. 😆
I have a friend who owns a restaurant and it's not doing too good. So my advice for him was to pivot to AI.
Most of you ripping on Ives and Musk are either not invested or nothing more than fair weather players. When Tesla rebounds, you'll all simply jump back on the wagon. You're fooling no-one or sit on the sidelines like always.
Nah. Never owned Tesla stock and never will. Hate the company and hate Elon Musk.
@@badpuppy3So, I was correct. You are NOT invested. Yet, here you are. Why?
Stock drops 50% with no near term catalysts and he's rating it "outperform". How does he have any clients with this kind of terrible judgement?
cause you buy when a stocks DOWN not when its up
Short term vs long term. He explained it.
He is dumping his holdings on clients
@@OM-nq9dd That makes no sense. Do you understand what he does?
Except he rated it outperform when it was double what it is now. Clearly he doesn't know what he's doing, and just says "buy" all the time.
As soon as TSLA rises Dan will raise the year end price targets.
And on 01/24/2024 During Tesla Earnings Call
- Elon Musk Said:
Chinese car companies are the most competitive companies in the world, they will have significant success outside of China depending on what kind of tariffs or trade barriers are established. If there were not trade barriers established, they will pretty much demolish most other car companies in the world. They are extremely good.
Elon is a walking, talking, breathing "circus show".
Agree with you! Why does Elon demand 25% of voting rights in Tesla when he owns half in shares? I think the answer is very simple: He is guessing that he will not get it, so that he can legitimize his exit from Tesla by dumping all the Tesla shares he has. Elon wouldn't have started an AI company outside of Tesla if he believed in Tesla's future, Elon wouldn't have sold Tesla shares to buy Twitter if he believed in Tesla's future...how many more proofs does the market need of what he actually does and not what he says.
Quite the opposite. Great products, lousy salesman! Most CEO's would love to talk about what Tesla offers. Musk can't get out of his own way.
Touché! I agree 100%. You can only see it if you didn’t drink the Kool Aid.
Drive the car and quit thinking small
LOL! Really, the richest man in the world is a circus show huh? Greatest industrialist since Ford. And, his SpaceX will likely be the largest company on earth shortly after it goes public.
At least he admitted that he was wrong…
If any one followed his assessment, already lost huge money. He was probably benefitted to pump Tesla share. Tesla PT=$125
So low ..I was thinking 150
A gap around 145
I suggest you in buying the new Tesla innovation shares at this point as they are relatively cheap and have great potential
Let’s be really happy about BYD chasing Tesla because this will leave all legacy auto in the dust at the same time giving tesla an even bigger incentive to make a faster move to bring out all of its products much much faster !!!
You have CEO that freely demands additional 10% of an over hyped stock, after he wasted his portions on Twitter. You wonder what next….😢😮😅😊
yup....he wouldn't be in this position if he did not use his TSLA stock to buy Twitter.
with twitter, they have access to the most natural LLM out there
So, the previous price target was just pulled out of his butt?
All of this problems you could see coming years ago!
oof, I'll give him credit, but the top 5 worst calls in 25 years? His customers are probably livid. These guys will be pushed out the door in 2 years by guess what??? A.I.
So it was a best ideA when it was trading at $260 and now he’s downgrading it when it’s trading at $180.
Maybe if you listened to him you would understand. I'll summarize for you. THINGS HAVE CHANGED. Got it? things change. Tesla changed.
I suggest you buying the new Tesla innovation shares at this point as they are relatively cheap and have great potential
Ives always points the way the wind is blowing!
All the negative comments towards Dan, the reality is he is doing his job. For the past few years, Tesla looked to be a good investment and he was an enthusiastic investor, now the future does not look so bright and he is tempering his enthusiasm. Analysts talk up and talk down stocks.
At least it confirms that it is really possible for people to make a lot of money from the stock market. I was reading the news lately, and I was flabbergasted by someone who made $49k in profit from the market in two weeks. How do people pull such feats?
This is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. That is how people are able to make such huge profits in the market.
I’ve diversified my 350K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $730k in net profit across high dividend yield stocks, ETF and bonds.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
There are many financial coaches who excel in their profession, but for the time being, I employ Nicole Desiree Simon because I adore his methods.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I mean, Dan Ives is a punch line.
ALL B .S. 🤣🤣🤣🤣
A bump?
3 years long bump?
It is more like a valley of restructuring..
My colleagues from company selling Nvidia shares and buying Teslas because of oil price
Tesla will be best technology robotic company in the world. Stock now only reflected on Tesla car sales. Great opportunity
Still at 60X earnings after the 12% drop....so not priced on car alone I am affraid.
Why does Elon demand 25% of voting rights in Tesla when he owns half in shares? I think the answer is very simple: He is guessing that he will not get it, so that he can legitimize his exit from Tesla by dumping all the Tesla shares he has. Elon wouldn't have started an AI company outside of Tesla if he believed in Tesla's future, Elon wouldn't have sold Tesla shares to buy Twitter if he believed in Tesla's future...how many more proofs does the market need of what he actually does and not what he says.
Boston Dynamics robot is far more advance than Optimus. You can see Optimus struggling to walk while Boston Dynamtics robots can do parkour.
600b cap based on only car sales? What you smoking.
@@walden6272 let’s talk about it in a year or two
The shorts have been laughing all the way to the bank in 2023. Thx Musk.
Just use simulation for prediction.
Like Dan I’m pretty bullish on tech but Tesla is a hard one to put a price target on or even fair value because the thesis is currently “it’s a tech/AI company you’ll see” or “in Elon we trust”. I’m not saying it’s not a great long term hold but I wouldn’t recommend anyone go buy it lol
Well, I'm just going to load up.
Dan smoking some good stuff
The catalyst is the Board giving Musk what he wants and whenever interest rates are cut.
Why does Elon demand 25% of voting rights in Tesla when he owns half in shares? I think the answer is very simple: He is guessing that he will not get it, so that he can legitimize his exit from Tesla by dumping all the Tesla shares he has. Elon wouldn't have started an AI company outside of Tesla if he believed in Tesla's future, Elon wouldn't have sold Tesla shares to buy Twitter if he believed in Tesla's future...how many more proofs does the market need of what he actually does and not what he says.
What happens if interest rates are cut, but the 10 yr barely moves? I believe there's a good chance of that.
To Buy or not to buy, buying opportunities. Future Buying.
why they keep on talking about Tesla when it is a dead stock already!....
Aw poor Dan, looks like investors don't want you managing their wealth!
Where's the Tesla playing chess while other playing checkers comment.
how much did it cost your investors, Mr Ives.
Ark, Dan, Ron Barron. All pump n run.
Finally
I'm a buyer at $157... that will give me a double for the $315. Make sense, or should I wait for a sell-off to a $100?
(All donations for my advice in Bitcoin 😁)
it probably bottoms in the summer along with the rest of the stock market
you might not get 157
@@briantep458 That happens in march
120$ seems like a nice "Car/Ai, Bot, FSD, Dojo" Current value versus possible value ratio.
It’s funny when he brought up Tesla competing against Microsoft an AI. He didn’t know what to say.
This guy wants to be on tv more than spending time with clients.
Ives apparently got caught up in the Musk salesmanship. Tesla is not going to see a new high for ten years.
I’d take the other side of that bet
This is his mourning jacket....
Expensive generic cars ( not the “cybertruck” - that was based on a design Elon did when he was imagining the future in first grade ) completely unethical and uneconomic battery components , no way I’m having a car that I am not in full control of with FSD let alone ride in a robotaxi and robots with AI - very scary. When will people wake up to this mad genius?
Credit to Dan Ives to admit his follies. He has been super bull on this stock for a long time.
I've lost more than 17k in this sliding Tesla stock. I'm becoming confused why I don't sustain profits. The volatility of the market can be frustrating. I'm wondering how to ride this new wave of all time highs without burning myself again.
This is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. That is how people are able to make such huge profits in the market.
People underestimate how much they can make from the stock market. I started with $127k and made more than $86k within just five months of starting, and it's been an awesome ride since then.
That's impressive. One of my goals is to employ the service of a financial advisor this year. I've seen some off LinkedIn but wasn't able to get a response. Could you recommend who you work with?
I'm hesitant to make recommendations like this online so I can't drop her contact here, but you could look her up yourself and contact her if you wish. Her name is *Sharon Louise Count.*
This is helpful. I'll look her up and try to reach her. I hope I'm able to make something out of it.
This guy is FULL of it!
Leave him alone. Dan is the man
number one in AI in physical AI as scary as that sounds lol
Story... are you buying story?
I bet Dan Ives hedges his calls.
Oops. My bad, dog
How can you short squeeze?…😅😮😊. Even technically so over sold….way over sold.
The shorts have been laughing all the way to the bank in 2023. Thx Musk.
Dojo and Optimus are Smoke and mirrors……. What’s left? EVs
Dan keeps bringing up Apple and Tesla, or like he’s so far off Steve Jobs never made promises. He could not keep when they brought a product out to market. It was ready.
Tesla management has accomplished amazing profits. Things are a bit slow now, in two years it will have even larger profits. There products are the best and there new products will also be amazing.
This is a car company for the foreseeable future. We'll see if this changes 5 years from now.
The Recent Earning Report 4th Quarter 2023 From Tesla Well Position Within Future Market And Tesla Future As U.S. 🇺🇸 Economy Forwards. My Prediction Target Price : $225 Before 1st Earning 2024 Report. Sincerely ❤️❤️❤️, KNT.
Time to buy tsla!
That is what you said at $350! LMAO! 🤣🤣🤣
@@stevie1748 nope
I suggest you shoukebter buying the new Tesla innovation shares at this point as they are relatively cheap and have great potential.
Tesla a dead duck. Used and new car market in complete and utter dissaray
Bush get wacked by Elon.
The salesman (Ives) got sold (Tesla). Which one is next?
There are many interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire
I'm an advocate for having a diverse investment strategy. I grew to a 6 figure mark with my portfolio having exposure to different areas of the market, including small and large-caps of the ETF index, blue chip stocks, coins, grade bonds and alternatives like cryptocurrency markets, as this helps manage the overall risk on my portfolio managed by my FA.. Credits to my adviser, Jasper, i have no doubt investing more
Please can you leave the info of your investment advisor here? I'm in dire need for one!!
He's always act~ive on Whats~App...🎉
美国十𝟭𝟱𝟭𝟲𝟱𝟲𝟯𝟵𝟬𝟵𝟱👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻❤️❤️十
人人人人"copy" it this way ,
"RUclips is frustrating "
Dude ruined me .. Thanks!
Smoke and mirrors peeps, more cars lower prices sorry buyers later on in the year could buy the same car for close to $26,458.00 US
Poor people who brought a Y last year for $68,000 end of 2024 your car is worth less than $20,000.00 US
Who wants a Tesla?
Dan Ives thanks for the list but it does not matter Tesla lost all of their main geniuses that made Tesla Great they probably left because they did not get the credit they deserved, and they can never ever be replace. Since then, the company is going downhill ever since he bought twitter with most of his 23 % of tesla shares and spends most of his time on X tweeting, which lead to all the good Tesla Engineers, CFO to leave who were the actual one that ran the show. The compact car and FSD should have been the first priority before spending a lot on the Cyber Truck and any Bots. While Dan Ives you forgot to put on your list Elon need to spend 100% of his time at Tesla and stop try to fix the world by going against our politician and leaders of the world and give his job as CEO to the former CFO that left!
The Cybertruck has at least 1 million real orders, with 10k new orders per week. How many orders does the 2 have? Oh that's right, none. Your entire premise is laughable.
Mostly of what you said is rubish, but the part about Twitter is real. Elon is an emotional child that can't stop tweeting. The tesla board needs to vote him out ASAP.
@@Dave-cf4vd I can tell you not very smart as if you go to Tesla site, they no listing to buy a Tesla 2. So, what I am saying is if they made the Tesla 2 first since it will be sold around the world, they would have more orders for a car costing 25K. Cyber Truck only can be sold in the U.S. now!
So let me get that straight. All versions of the best selling car in the world now get a point of sale 7500 Dollar tax credit. The most expensîve car the Model 3 Performance will also get a 75000Dollar tax credit. All the early adopters who have become wealthy thanks to Tesla stock will upgrade to the model 3 Highland and Y Juniper. Energy will surpass the car revenue and Tesla have so much money in the bank that they can easily do a significant stock buyback at any time. And Dan thinks Tesla is not the best investment idea. He clearly has lost the plot. And why? Just because Tesla refuses to do his homework.
Long term Tesla is going to be fine, short term… watch out.
Cant wait for dan to stop with nonsense pt's
$315 in 2035
What a clown.
Amazing person full of hyperbole and green washing artist. Please stop having him on TV.
The game has shifted to downgrading to $50 :) same conman job 😅😅😅 to the moon followed by to the trashbin !
Confused ramblings
What kind of accent is this? Sounds like the Californians on SNL.
🫨😮🙄🤔😟
Buzz word bingo anyone?
Where is he from? Weird accent
A list for Elon Musk to follow. When do Elon Musk listen to ANYONE! Good Luck!
So glad I sold this crap today. Elon and Tesla are history.
what a failed pump this guy is
So now this clown slashes his target and rating after the fact? 🤡
It's called changing when the data changes. Would you prefer he act like a religious zealot never changing his mind?
Dojo is dead
Delusion.
Hes on crack
Omg...😂 Tesla...a AI player 😅
Dan misled investors, and now he blames everything on Tesla.
Elon misled EVERYONE..including Dan. growup.
Dan Ives is incompetent.
LOLZ TSLA; overtaken by my future dream car the Lucid Grand Touring. That’s the answer.
This is nonsense. It has been nonsense. "Next phase" kind of talk is not based on financials or anything that is justifiable. This "AI revolution" talk in reference to Tesla is nonsense. This is a waste of everyone's time.
Dan Ives the pumper of Wall Street