caroline: the jaffrey analyst put it as optimism, freedom, defiance.hings the car company symbolize where tesla is. remind us of the disparity and the number of cars these companies are pumping out. >> g.m. will sell 10 million cars this year. tesla got a big bump in their stock when they sold 25,000 in a month. by a factor of 10, way less than general motors. look, it is not about car sales right now with tesla. it is about the model 3 coming out and being a success. if they get a lot of those out, they prove tesla is a phenomenon. caroline: what is interesting is g.m. has its chevy volt. already, it is showing a similar range to the model 3 tesla will be tempting. it is showing a similar price point. on the road, the optimism is much higher about the model 3 which has yet to start coming off the production line. >> tesla has a couple of things going for it. the big car companies had always seen electric cars is something they made to meet regulations. they make compact cars, things americans typically have not liked. tesla made electric cars cool. th

shares of eli lilly and incyte downgraded today, cut to neutral at piper jaffrey.d their new daily pill to treat rheumatoid arthritis citing more clinical data needed to determine appropriate doses. lilly reaffirming full year guidance, though, and potential impact of the decision on its bottom line. look at that. it's eli lilly down 4%. giant company, of course rs and incyte down more than 10% in the trade. >> might have thought the hit was bigger. this happened friday when markets were closed as others mentioned. the drug was proved in europe, but not here, though. >>> a rally. we had rallies in the last few weeks, couple days, but they faded into the afternoon. that's not happening today. we're at the highs of the session right now. the industrial average up 158 points. increase of more than three quarters a percent. >> it's the weather. >> i don't know. expectation for earnings. as we established, when you get treasury secretary saying the timetable for tax reform is now being pushed back again -- >> taking that in stride. >> any other day, that would have sent

michael olson is joining us covering consumer technology, ecommerce for pipe er jaffrey.stock goes? >> higher. this is another good quarter. another step in the right direction ultimately towards a trillion dollars. we did have to revise our numbers higher. margins were better. when we look out to the guidance, the revenue guidance was in line. margin guidance was a little bit below. the street will give them a free passing q2. >> anything that makes you nervous about this company? >> if you look at margins in the second half of the year, the free passes will be over. they don't have a get out of jail free. so the margin guidance has to be better for q3. the reason is margin comparisons for q3 and q4 are easier than last year because of the increase in investment that they put in place in q3 last year with adding on more investment and fulfillment with india and doesn't. >> this is a company that used to either have razor thin profits or no profits at all and everybody gave them a free pass then. are we at a point that's no longer the point of the game. >> considering the