mask is tesla, tesla 's _ tesla is has been? mask is tesla, tesla 's must, - tesla is has been?s - tesla, tesla 's must, elon musk tesla, tesla �*s must, elon musk is spread very thin they need him and he is going through some uncertainty around ai and other initiatives. from that conference, elon musk will be the leader but he is always going to create some noise as we see over x and other platforms. we see over x and other platforms-— we see over x and other latforms. ~ ,, , , platforms. he keeps us very busy here- _ to europe now — in the next few hours the european central bank announces its latest decision on interest rates for the 19 countries that share the euro currency. it's all but certain to leave the cost of borrowing at 4%, which is a record high for the eurozone. but the real interest from markets will be any comments from the ecb that might give a clue on when it might start cutting rates. inflation has come down sharply but the ecb has been clear that talk of cuts is premature. azad zangana is senior european economist at schroders. good to see you. it has been a

tesla still beat byd. tesla was at 1.8 billion, byd was 1.6 million.es with the remainder being plug-in hybrid vehicles. if you look at it on a regional basis that is where the dynamics really very. in the u.s. tesla is still the dominant ev name. in europe tesla still a top three or so player in the ev market. china and tesla, it is still top two or three. byd is really taking the crown. it is china where we saw a lot of people -- byd sales accelerate. the other story we saw emerging and 2023 was the rise of chinese exports to europe and other markets. there is more competition. there is still room for tesla to grow, it is a question of in the markets were tesla surveying, where is the demand for that? caroline: spinoffs into 2024. when we think about byd getting into hungry and producing their, different price points ultimately remaining in terms of profit and revenue. they make more expensive cars. what tesla ever want to go lower to serve and get in on the highly competitive state that there is in china or should be staying in its lane? >> that is

and, unlike tesla, byd makes its own batteries.controlling that part of the supply chain gives byd more flexibility to cut prices, which it did in the last part of the year, sending sales spiking. as my colleague has just reported, tesla's latest number puts byd ahead of the curve. the chinese ev maker reported around three million in sales last year, but that number comprises both electric cars and hybrid vehicles. but even as the competition is revving up, it is worth noting that in terms of overall deliveries in 2023, tesla still has byd beat. however, the chinese ev maker could keep momentum, especially with government incentives like tax breaks. that is according to ray wang from constellation research consultancy whom i spoke to earlier. it is actually amazing to see that ev demand is still that strong and i think it is wonderful for byd hitting 529,409 vehicles in q4. put them on target at about 1.6 million for the year. that is an important figure because they are accelarating their units and their growth, but it's also not

we want to know what's the true cost of tesla? tesla is known as a disruptor in the auto industry. it's giga. factories are massive compounds like here in grand high, that sleepy village, about an hour outside for when this is, these are designed to allow for faster and more streamlined production as tesla ams to produce there's like the vehicles. but all this heavy manufacturing on one site means concentrated water consumption. the tesla gig of factories started in the us, where the company was founded in china and auto manufacturing giant germany most recently, texas, jacob roland was a big step. that was basically how so saying, we're not scared. and dan, hi, this is a managing director at web bush securities and investment bank faced in the west. i reached out to him because he's a big time task for watcher. we're going for you received his beam. that'd be here and others, and that's part of the most month, which is hard to argue with. if you look a, which been accomplished, blast jackets, while the joke in berlin at the time was that most noted tech notes and just wondering an

did do poorly because tesla actually hit 1.8 million for the year. 0na on a yearly basis tesla came but the wendy choo development and growth especially coming out of 2023. how much profit does byd actually made from sales especially since both tesla and byd have slashed prices to boost sales throughout last year? boost sales throughout last ear? , , ., year? this is the important thin. year? this is the important thing- get _ year? this is the important thing. get the _ year? this is the important thing. get the other - year? this is the important thing. get the other ev - year? this is the important - thing. get the other ev makers, byd and tesla ignited a price war around the world. byd has the batteries and low cost in terms of wages at about 20,000, $25,000 per worker every year at tesla has scale and capabilities and chiding a work and automation to get to be able to compete. it is going to be interesting for the tesla has bigger margins to date but thatis has bigger margins to date but that is something that is going to be in contention for all of 2024. less tax breaks in the

looking at tesla shares which are deep in the red after earnings >> reporter: frank, tesla's earnings are 71 cents per share and the revenue for the fourth quarter which missed expectations auto revenue were closely watched at $21.6 billion posting 1% growth. the biggest concern was tesla warning that vehicle volume growth in 2024 quote may be notably lower than 2023 as the company works to the next generation vehicle tesla has been slashing prices in key markets like china and europe which contributed to that slowdown as its margins remained under pressure in 2023 investors are watching now if tesla may cut prices further amid the continued competition particularly from the chinese ev makers and particularly byd. speaking of new vehicles, elon musk said he sees s the company delivering 250,000 cyber trucks without a timeline he said the production will take longer due to the manufacturing difficulties and complexities. looking ahead, elon musk will start production in texas in the second half of 2025. it was a tough quarter for tesla with expectations high and going into the rest of

byd and tesla have created a price war around the world.he batteries in the low cost in terms of wages. but tesla has the scaling capabilities and automation to get to compete against byd's numbers. tesla has bigger profits and bigger margins, but that's going to be and contingent for all to there's less tax breaks in the us. tesla will start to stop qualifying for them as we go into the new year. you're going to see other incentives coming into play and protection barriers are going to happen in europe and asia. it's going to be an interesting battle to watch. , , ., , watch. the industry for this ear? watch. the industry for this year? we're _ watch. the industry for this year? we're still _ watch. the industry for this year? we're still going - watch. the industry for this year? we're still going to l watch. the industry for this l year? we're still going to see urowth year? we're still going to see growth in _ year? we're still going to see growth in ev. _ year? we're still going to see growth in ev, but _ year? we're still going to see

— for tesla? an enormously important- _ for tesla? an enormously important. more - for tesla?re than - for tesla? an enormously| important. more than half for tesla? an enormously i important. more than half of all tesla but lester were built in china. the advantage it is important and it's also an export piece. so no tesla as a note today. it would not be this exceptional success without china. going forward, look for iran to diversify risk of belief in china, new plants in mexico coming, additional capacity course in berlin and in austin, texas. so he values china and the short but fatalistic about the prospects for tesla in the china market going forward. —— realistic. australians are driving bigger, heavier, dirtier cars and it's alarming both climate and road safety experts. rising petrol prices are no deterrent. the government wants more drivers to buy electric vehicles. but there are still about 20 million petrol and diesel vehicles on australia's roads, all contributing to direct co2 emissions. from sydney, phil mercer reports. australia's roads are dominated by rugged

about a half an hour away from the tesla site. but it's not just a us 1st germany issue around the world. the customer has a rocky history with environmental regulations. the l. a times reported about fines for a california facility amounting to $275000.00 from the federal environmental protection agency. it's not only environmental issues that the various tests of factories have in common, but also building in areas with water problems kind of phone, which is worldwide known. follow the problems takes us the same um and also in sign on and young, you know, some higher even there is, let's say, you know what, the volume of the quantity is. so bad that, uh, do you all know that belongs to france of visual drinking. lots of the out the, let's look on the other side of the us border. tesla is currently planning to build another dig. a factory here in the state is more heavily on mexico. that plant could open in the coming years. but one big problem in february 2020 to the state where that facility will be located, declared a state of

he saw pressure in those stocks and they still beat tesla, how?> when you look at the numbers game, part of the numbers include pricing and how these ev makers have been very aggressive on pricing. but you have to look back to the start of last year when elon musk and tesla really played that price cut playbook and really got out in front of the competitors, particularly in the china market, which is the biggest ev sales market. when you look at the numbers just from overnight, tesla still delighted investors by beating expectations in the fourth quarter selling 484,500 ev units were delivering on that. and then on the more important for your figure, 1.8 million deliveries. in that is still a bit of a disappointment when you look at what elon musk had been saying and what he said at the start of last year, he could sell up to 2 million ev units. this is on the low end of those expectations. you look at how tesla really played out last year, they still cut prices. they still couldn't stir the demand that it wanted, and elon musk was also frustrated

potentially could hurt demand for new tesla's in the sense that there is a whole supply of used tesla'sn the market for people to take a look at. caroline: craig trudell thank you for giving us all the news for a humble week for tesla. ed: european antitrust regulators said the relationship between microsoft and openai is when they are monitoring closely. i sat down for an exclusive interview. >> we all followed hour-by-hour the situation of openai. the back-and-forth and how it was really opaque and more and more clear. the interesting thing for us is what is the real relationship between openai and microsoft when it comes to control of the business a question? it's preliminary but it is part of a larger endeavor to understand how ai will affect our marketplace. what we are seeing with technology has completely upended how markets are working. additional markets in other markets. when we put ai into that game, we see this may accelerate some of the behaviors we have seen and have been concerned about. we just launched a probe to participate and give us feedback as to how will ai influe

let's stick a little longer with tesla. we spoke in advance of earnings and i'm just going to go full set. look how close i came. caroline: it's fun but it's also important that patsy did mention. de i, did he insulted an analyst? or was it cut off an executive? he lived up to a lot of anticipation. what was the one that too most by surprise that he did say? ed: by surprise? the fed and i was stretching because he basically said interest rates. that was my real card, check it out. caroline: that was a great game. you have to follow and on twitter when he has earnings. this is bloomberg technology. ♪ [announcer] if you're thinking about earning your degree online, snhu can help you get there. - i felt supported throughout the whole process, even from the first call. [graduate] my advisors consistently reached out and guided me along the way. - it was like i was talking to a friend, like someone that i had known for years. - the instructors were very helpful with everything that i was going through. [announcer] we'll be with

the honeymoon is over even for mighty tesla. . over even for mighty tesla. months continue growing but at a much slower pace than everyone thought. tesla is answering this in a couple of ways. reducing prices to stoke demand for their products, that's putting enormous pressure on the competitors and importantly today, elon musk confirmed there are at a staging area for there are at a staging area for the next wave and that'll be a model too, are much more affordable vehicle in the price rate of about $25,000. he is betting that that would trigger a second wave of demand starting probably in 2025. i5 starting probably in 2025. is that where the commission is, d has been managing to sell tvs at lower prices with considerable success and tesla will have to take them head—on, it seems. will have to take them head-on, it seems. ~ ,,., , ,. it seems. absolutely, if you look around _ it seems. absolutely, if you look around the _ it seems. absolutely, if you look around the number - it seems. absolutely, if you | look around the number one limited to demand for evs

we took a ride in one of the tesla model lies. -- tesla model y's.ack without getting out. it took me about 15 minutes to do that loop. top speed was 40 miles per hour with an average of 30. when things got congested, 15 miles per hour. there were no crazy wait times with the full fleet of tesla's deployed it got busier around lunchtime. in certain sections it can be bumpy if you're going to walk that can take you 25 minutes. it takes just two minutes in the loop. the systems designed to carry more than 4400 convention goers an hour in the teslas and the future there's a plan for special vehicles to carry 12 people. boring is planning an expansion of 68 miles of tunnels with 93 stations across the convention center and the las vegas strip. ed: by the way if you are claustrophobic this is not the future travel technology for you. caroline: limitations still. coming up, how creative more creative startups, how can they avoid that. ibm after the bell. the market is looking pretty poignant in anticipation of cash flow coming back on. current remaining pe

cl and tesla. tesla grew just 1% in the latest quarter. the call kicks off later this hour phil lebeau joins us now on the numbers. phil >> the numbers are not encouraging if you are a tesla investor they missedon the top and bottom line. the company earning 7 is1 cents share. revenue coming in shy of expectations at $25.17 billion there is some encouraging news in terms of gross auto margins, excluding zero emission vehicle credits. the expectation was for 15.7%, as that gross margin figure, they came in at 17.1%. so, better than expected, actually, better sequentially than the third quarter so, why are people perhaps wringing their hands a little bit and wonder what the future holds for tesla? it's because the company is not giving guidance in terms of 2024 deliveries in fact, the company did say in its release and we'll get more from elon musk in a half hour, hopefully, that deliveries this year will be notably lower than the rate of delivery growth in 2023 the worlds note bly lower, those are tesla's words. just for a point of referenc

they are out of tesla's control. ways, tesla has to be receptive to the underlying market that you have. that you do have broader questions on auto sales growth. and we are in a flat-ish environment from a light vehicle production standpoint. on top of that, from an ev standpoint, there is slowdown that has to be managed in terms of subsidies that come off in different regions and other price cuts they have to navigate. there is a tougher macro environment that they will have to navigate through. that has to be factored into the volume and margin outlook. sonali: also worth asking, we don't often ask the specific stock analysts to get into the macro. if the economy were to return from a soft landing into something harder in the future, what kind of impact would it have on tesla? dan: certainly, weaker macro would play a role. i think for much of tesla's history, it was much more a story of supply constraints. regardless of the broader macro environment, the volume for tesla was a function of what the production outpu

industry beating out tesla both sales in affordability can tesla retake the lead read on the "barron'sndtable" ben levisohn, carleton english and andrew bary. the market barely missed hitting an ugly milestone this past week. >> it did it came very close to finishing down for the first four days of the year end it's basically acting as hung over as i felt on january 1. it makes a lot of sense and had a great two months. the stocks that it might not want to ton of went up and up like cruise lines and semi conductor stocks and people woke up this year end said wait a minute did i buy too much of the stuff reducing a lot of those things get hit and a lot of other stuff that did pretty terribly last year to better such as advance auto parts, pfizer, they all gained, this is the week where the market is trying to sort out what happened last year end get ready for the rest of this year. jack: four straight days would've been since 1928, the jobs report came out friday morning and looked really good on the headline. the reality is more nuanced. >> the headline show 260,000 jobs well above the

let's get to the tesla story. shares slumping in late trade after fourth-quarter earnings fell short, the ev maker warned of weaker sales growth this year, during his earnings call the ceo elon musk tried to sooth investor concerns about slowing demand teasing a new low-cost car. >> there's lots of opportunity in 2024. tesla is currently between two major growth waves. we are making sure our next growth wave driven by nexgen vehicles is executed as well as possible. tom: let's bring in bloomberg transport reporter daintily for the analysis. what were the takeaways from what we heard from elon musk? >> for tesla, not offering 2024 guidance. that is really summarizing the kind of warning of a notably slower year of growth in sales. investors have been used to to a compound annual growth rate of 50%. when you have sold 1.8 million vehicles the previous year in 2023, we're looking like we may land somewhere between 2.2 million vehicles. this for investors is a bit of a wake-up call. the slowing growth, the potential o

how important is the china market or tesla? enormously important — market or tesla?tesla? enormously important. more than - market or tesla? enormously important. more than half - market or tesla? enormously important. more than half of| important. more than half of all of the tesla cars built were in china, demand is important and it is also an export is. no china, no tesla as we know it today. there wouldn't have been this sensational success without china. going forward, look for elon musk to diversify away from china, new flat in mexico coming, additional capacity in berwyn and texas. he values china short—term but realistic about the prospect for a tesla image in the china market going forward. , . . , image in the china market going forward. �* , . ., forward. australians are drivina forward. australians are driving bigger, - forward. australians are driving bigger, heavier. forward. australians are i driving bigger, heavier and dirtier cars driving bigger, heavierand dirtier cars and is alarming both climate and road safety experts. rising petrol prices on a d

how big a deal is that for tesla?o they need to push into the price category at this point >> it is very important. especially for a lot of investors who are not in it for the car story. obviously, that is important for many folks for me, it is important. my view on the stock is 90% based on autonomy. you do need to get a lot of teslas on the road to get fsd in them you need that. we forecast 3 million of those vehicles that the lower priced one per year being sold versus 2 million of the other cars. it is very important i think the comments on the call were actually consistent with what they have been saying back half of 2025, they will be produced and hitting the roads in 2026. they are important i think we have to take a bigger picture view and realize how this company views the world it is very tactonic. it will be a great way to get fsd on the roads fsd is one of the best consumer products we have in the world today. people just don't realize it >> tom, for you, when you talk about the software story behind tesla

tesla removed itself from the group by itself. it a teachable moment to be what it means to be the magnificent seven which is no more >> that was jim cramer on "mad money" last night. not jimmy chill for tesla after what was a rough day for the stock. closed down more than 12% and lost $80 billion in market v value. cramer says to be part of the magnificent seven, the company needs a couple of rule bricks and not subject to economic cycles and strong leadership at the top and not be at the mercy of foreign competition we have hannah peters here good morning >> good morning. lovely to be on. thank you. >> jim cramer was vocal about his thoughts on tesla. should tesla after that report be booted out of the magnificent seven? >> it is really interesting. i do really agree. if you think about what it takes to be part of the magnificent seven, seven biggest companies in the world, the most important aspect is the growth and durability of the cash flow of the business i'm not sure tesla can compare to the other companies that are domina

no china, no tesla as we know it today.n this sensational success without china. going forward, look for elon to diversify risk away from china, new plant in mexico coming, additional capacity of course in berlin and austin, texas. he values china short term, but realistic about the prospect for a tesla image in the china market going forward. australians, meanwhile, are driving bigger, heavier and dirtier cars and it is alarming both climate and road safety experts. rising petrol prices on a deterrent. sydney phil mercer reports. austria public roads are dominated by sport utility vehicles and units. a decade ago, hatchbacks and other modest cars were the most popular. but not anymore. around 75% of new cars sold in australia these days are utes and suvs. so australians are choosing bigger, more—expensive—to—run and higher—polluting vehicles in really high numbers. that has a lot of problems for our streets and cities, as well as for our hip pockets and for our climate. for enthusiasts, the powerful petrol engine is a thin

what can you tell us about tesla's delivery numbers? >> tesla beat on consensus.rter consensus and also on the full year. it delivered slightly better than the 484,200 expected by the street. across as a whole it delivered 1.8 million units this year to customers. that is a real plus point for investors. musk actually said earlier in 2023 that he believed tesla could deliver up to 2 million ev's. it has only reached around 1.8 million, so it is still on the low end of beating expectations. throughout the year, tesla tried to stoke demand with price cuts, but unfortunately that has not delivered the gains we have expected to see, especially in the fourth quarter. what we have seen symbolically is byd overtaking tesla in pure ev sales for the first time ever. that sums up a change we have been seeing coming over time with china's best selling ev maker, automaker, coming to the number one spot. haidi: it is quite interesting because we have covered byd and the china markets. we know they have been around for a long time. it is not just the chinese market it dominates

growth request under tesla's hood? raz gerber is here to -- ross gerber is here to answer that question and more aced head of the ev maker's quarterly report tomorrow. we've been with telling you how sales have slowed in the last six months, the bull etf reflects that. the fund has lost 65% or so over statement time period. want to guess whether tesla's stock has fared better or worse than that? we'll show you when "the claman countdown" returns. ♪ ♪ after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" bacon and eggs 25/7. you're darn right. solar stocks are up 20% with the additional hour in the day. [ clocks ticking ] i'm ruined. with the extra hour i'm thinking companywide power nap. let's put it to a vote. [ all snoring ] this is going to wreak havoc on overtime approvals. anything can change the world of work. from hr to payroll, adp designs forward-thinking solutions to take on the next anything. j.p. morgan wealth management knows it's easy to

so what do we expect for deliveries from tesla this year?ivered 1.8 million vehicles last year that was a 24% increase. the consensus is 2.1 million the consensus before the call last night curious what we're going to see as analysts bring it down. you don't know from this conference call. take a look at shares of tesla we're showing you a six-month chart. the shares trading at levels we saw back in may of last year one other note from the call, elon musk asked about his push to have a stake in tesla essentially he said look, i think it's in the best interest of everybody because you never know if an activist shareholder gets in and wants to push for changes. i am the stability you're looking for in terms of the future at tesla and that was probably one of the more interesting things from the call last night in terms of the auto business, you didn't get a whole lot. >> you didn't get a lot of specifics for sure or granularity as the analysts like to point out. >> yes. >> he's always optimistic, that being elon musk in terms of when things wi

a big heart of the tesla's. right now for investors, you don't want to see musk adding uncertainty on some sort of issue with the board. i think that's why it's a little more talking rather than action. when he talks to investors, he needs to weigh it out in terms of i am here, i am committed. the price cuts was a 2023 story, now 2024, china is strong. if that happens, the stock starts to significantly reverse here. >> the elephant in the room i suppose at this point is the future of twitter. what happens? do you think you will have to sell more shares in tesla? >> i think he will get out side capital to ultimately build x. >> i keep forgetting. you don't think he is done selling tesla stock for debt related issues with x? >> i think for now he is done. if he needs ultimate capital, it would be outside capital. i think the black cloud is in the rearview mirror. >> microsoft we mentioned. over $3 trillion in market cap today for the first time ever. it has slipped a little below that we will watch it here candida

tesla is the stock i want to show you. sales overall deliveries were up about 33% worldwide, up 25.4% in the u.s. they've had steady growth, especially when it comes to the model y and the model 3. has the dominance eroded? yes, largely because there's so many other evs in the market right now. this is the comparison of evs versus hybrids. hybrids have outpaced evs over the year. evs are about $so,000, on average, more expensive than hybrids, at least at this time. you have tesla at 55.1%, then hyundai, kia, gm, ford, volkswagen. they're all growing their sales, but when you look at gm and ford, once they said they would defer some of their ev investment, that was part of taking the bloom off the rose, if you will. finally, i have to look at rivian, fisker and lucoulucid, know how much they were up? 151%. they are growing sales, but the pace is not what many thought it would be back in 2022, starting 2023. >> phil, i want to get to hybrid electric vehicle versus ev. is there a since when you using that customer, that custo

as you said, tesla dropped 12% in a single day. just to give you a sense of the scale of how large tesla is, that's around $80 billion. mercedes-benz, as an entire company, has a valuation of $71 billion. so in a single day, tesla lost more than a mercedes-benz. so why? what spooked analysts? well, in their earnings, tesla said that growth, would be, quote, notably lower as it develops a next generation model. so for years elon musk said the ultimate goal for tesla is to develop a cheap, ev for the masses. they have not done that. they have struggled to create new products. the cyber truck took years to come out. that's looking more like a niche product, not this car for the masses that elon musk wants as his ultimate goal. now, you might remember that tesla significantly slashed prices on its cars this year. well, deliveries increased 38%. that sounds like a lot. analysts were hoping for 50%. and because of those slashed prices, revenue stayed flat. the other issue, as you mentioned, is elon musk has said that tesla's greatest com

tesla shares a bit lower, down 5.2%.g up, our exclusive interview with the thai deputy minister of finance where he discusses the country's central bank policy and how it's weighing down the economy. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh paul:paul: thailand's deputy finance ministers amplifying rate cut calls is borrowing costs covering -- hover at a 10 year high. high interest rates holding back the economic recovery. >> the problem with thailand right now is that the economy grows off gdp, it's not where it should be. >> the>> current central-bank policy rate is at 2.5%. does the government think the economic conditions are in place for two .5% to be lower? does that look too high given the reality on the ground? >> the current interest rate is quite concerning to the government. it is too high considering the spending power that the ties citizens and type people citizens and-- thai thai people can l

please show me tesla.2 percent yesterday after elon musk warned of a production slowdown in '24. minor if leagues bounce today. steve wesley is with me now. i want to talk about the chinese ev maker byd. they just became the top car brand in china. are they going to dominate tesla in 2024? is this their year, byd? >> well, it could well be. and, again, the big picture here, tesla has just posted a dramatic $25 billion quart, the biggest in their history, 97 billion for the year. they've sold 1.8 billion concern million cars, and they have an astonishing 50% in full of the american marketplace, more than all other ev sellers combined. but as you point out, tesla's growth has slowed. 71% in 2021, 5 51 in '22. this last year down to 19% at the same time, byd's come up like a rocket selling 70 percent growth. they did 1.6 million vehicles next year. they're clearly going to pass tesla this year with. so the big smackdown is, is byd going to be able to success any break into the american marketplace where they

next, we will talk about tesla.hares continue to drop after a lower growth rate for the company. stick with us. this is bloomberg. [indiscernible] -- this is bloomberg. ♪ ch. introducing j.p. morgan personal advisors. hey david. connect with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. sonali: this is "bloomberg markets." it is time for this top of the hour, tesla. shares are continuing their decline after the 2024 guidance failed to soothe investors concerns. they are talking about slowing demand

less fun for tesla long. >> we'll get back to tesla in a second but i want to first get to the idea of the mag seven or let's say the mag whatever, the largest market cap stocks in this market four, five, six are within tech. the idea you are going to have, bill, this broadening out, and obviously it hasn't been playing out that way a couple days notwithstanding. you've had the russell perform well jonathan krinsky says if the average stock rolls over when the leadership names, i.e. mega caps, decide to reverse, that's when things get a bit dicey for the broad indices. now we're not at that point. you can have 493 underperformance, seven overperformance for a while, but what about his point >> there's more than seven stocks outperforming -- >> sure, of course you get the broader point. >> i get the broader point i think, though, what we're seeing is sort of an evolution of which stock takes the baton the semiconductors and what we're seeing in amd and nvidia was playing out for the last 45, 60 days. apple, everybody was hating on apple and last week it had an upgrade. the baton gets ha

this is not just a tesla issue >> no.he only thing that was good about all those costs was that there was an aside by musk that maybe copper -- they could use a lot less copper. but he did not address -- musk did not address the ennui situation. he did not address the bomb that was dropped by steven schurr at hertz. really hurt the company, it's been in a freefall since they mentioned that they bought a lot of teslas. >> the hertz situation is fascinating, bulking up in evs and then finding the repair costs were quite high and the secondary market prices were low but taking the hit and selling how many of what they bought a decent percentage. >> oh, yeah. >> a third of the fleet. >> yeah. >> it was a third. >> but it was a major mistake, and of course, a lot of people don't know how to drive a tesla, and there's the number of rear end accidents -- >> because when you take your foot off the gas, it slows down faster than you're used to >> people are having accidents, and there's, you know, they never -- hertz, i think, did

a respect tesla. first, why does tesla have to leave? beyond the creative license of cement attic analogy, because it was a $299 last year, now 108. 666 billion, dollars while off of the trillion dollar goalpost that we want these companies to have, at least get close to. it doesn't help the tesla stock has fallen 16% year to date. by comparison, standout nvidia, look at this, 21%. the other five are all in the black. look at these numbers. look at that number. that says it all. maybe two days from tesla, the business has peaked. this business is not going to make up for it. in the last few months, we've seen a host of elements to the tesla story, and it's even harder to turn a blind eye to them. we ignore it, but we should not anymore. flagging sales in china versus other chinese manufacturers, b y, t taking over as the largest vehicle maker in the fourth quarter sales. possible u.s. saturation. nobody's challenging the f-150 and sales anytime soon, and let's not forget the declining value of the cars themselves as we learn from hurts.

tesla's stock falling 8% the next day. a full report on what they say or don't say tomorrow morning on "today in the bay." back to you. >> thanks, scott. >>> amid a rise in deadly accidents, senator scott wiener is pushing for new street safety. he is promising two bills that will aim attack lg the rise of deaths in california. this is through changes to public infrastructure and the deployment of new technology. now, one of those bills would require signs on large trucks and built-in limits on the speed. the second bill requires agencies like caltrans to create more sidewalks and crosswalks on surface streets. the senator says this is about saving lives. >> it's about people and families' lives changed forever because of preventable deaths and injuries on our roads. >> senator wiener says there has been a 20% increase in road deaths here in california in the past three years. >>> in oakland, the anti-human trafficking team in the alameda county district attorney's office is organizing a public safety march which is coming

tesla is worried about that. they want the product so good that the regulators not only are okay with it, but mandated and we're hearing about that, the legislators are realizing that a tesla autopilot is five times safer than a regular car on the street in terms of accidents >> with a cab driver you're talking about kabs here so these robo taxis are going to be smarter and safer than a regular car service that i take or a street cab i take >>absolutely we know just the regular autopilot is five times safer than a human a robo taxi would be even more, because that will use -- the software will be even better it uses machine learning this is years away i should stress, but the extension of where we're headed, this is where we're going. >> yeah. i want to get to the idea of where you see the stock going, and maybe you can wrap that into the answer here. one of my nitpicks with the automobile, and i think it's one of the reasons why hertz i saying we're getting so many high claims for damages on these cars, is that

. >>> next, elon musk holding tesla hostage, demanding a massive payday from tesla, which of course isaded. owned by shareholders. he's already the richest man on the planet. now he wants more to do something that should just be a basic requirement of running that company. >>> and the suspected gilgo beach killller b back k in cour charged d with killingng a fouo wowoman. how ininvestigatorors kconnnnec ththese dots.. not just any whiteboard... ...katie porter's whiteboard is one way she's: [news anchor] ...often seen grilling top executives of banks, big pharma, even top administration officials. katie porter. never taken corporate pac money - never will. leading the fight to ban congressional stock trading. and the only democrat who opposed wasteful “earmarks” that fund politicians' pet projects. katie porter. focused on your challenges - from lowering housing costs to fighting climate change. shake up the senate - with democrat katie porter. i'm katie porter and i approve this message. >>> tonight, ultimatum. elon musk is demanding an $85 billion payday from tesla, which is a public

what did tesla say last night?otably lower than the growth rate achieved in 2023.". you can stay magnificent with a lower growth rate. that's like bringing a knife to a gunfight. remember, the guy with the knife doesn't make it the other movie. second, a big reason why we were the seven is because they have. we want to hear about interest rates or special consumers. we heard elon musk talked about affordability for heaven sake. listen to this. we have lots people who want to buy our cars, but simply cannot afford it. you're never going to hear that for many of the other magnificent seven. in the old days i always loved the teslas. however, musk talks about digital campaigns and audience education. sounds like selling cars to me. leadership. no matter what i feel like the people running the respective companies are committed to the enterprise, and committed to you the shareholders. they are all in. musk makes it clear he's unhappy with the status in tesla, and may not take the company to the next level. he says he s

tesla, i.e., u.s., or europe? >> the million dollar question. think at this point in time it's unique because for the first time, they really have a chance of market shares. we see them being slower to go into electric vehicles. the new companies will grab shade, but it's a policy fairly well understood. they're getting a lot better in their electric technology. and so our view is the incumbents will lose market share. they'll have to give up market share, but by and large this will return. it's much more about brand ing consumer connection and the auto cycle. >>> what about pricing? last year it was about tesla cutting prices on some of its major vehicles. how is that translating to the sector as a whole? again, one of the criticisms of the ev market is as of now, evs are -- they tend to be more expensive than their ice equivalents. is that going to change? >> yeah. i think it's going to disappear within the next 12 to 18 months because as you say, the affordability for consumers on evs especially in europe and the u.s. is appalling at this tim

why we go out to buy a tesla?> if i were a shareholder and the ceo of the company said i'm not looking for additional economics, i just want to be an effective steward of a very powerful technology, when you feel comforted? i don't care what your returns are, care about some highfalutin concept of technology. that's where we are at. jonathan: united states or china? >> china. jonathan: do you want to buy manufacturer that is in the race to bring down prices against the chinese maker of ev's? that for me sounds pretty difficult. >> which is why it was notable that he praised chinese carmakers. he basically said if there are not trade barriers established, they will demolish most of the car companies. >>>> he's using the same language that byd's founders used last year. everyone in the commodities space has been talking about this. china is going to leave because they have access to the raw materials that build these batteries. at some point china can say we are no longer exporting these commodities, buy the car. jo

tesla has plans to build a cheaper next-generation vehicle.ut muska, i feel like he tends to overpromise. his leg which around that production, calling it challenging -- how worrisome is that? craig: based on his track record, you have to be really concerned. he liked to joke about it and talk about tesla making the impossible merely late, but he does really have a track record of overpromising and under delivering. to tesla' is credit on the model why, which has been the smash hit and was on time, you think of the more recent product that just came out, the cyber truck -- that was years behind schedule. i would not be surprised if they fell way behind on the next model they are bringing out, because of how important it is, and how far back we knew this was in the works. was was talking about this battery day, and it should be here. katie: i want to see eight -- a cyber truck in person. you can see shares absolutely plunging today. how ominous is what we heard from tesla for some of these pure play ev makings -- ev makers? craig: these compani

by the way this is not just a challenge for tesla, it's all automakers. ev are still expensive to build. >> last hour tom said robel taxis are going to be a big hunk of the future, the driver of the future of tesla. do you agree? >> certainly the opportunity for more advanced ages of autonomous driving play into the opportunity and is certainly priced into the stock. we take a more cautious view on the rollout of those capabilities. right now as much as we talk about full self drive it is a level to advanced driver assist system they are selling. >> dan levy thank you. coming up, chipotle laying down the groundwork to avoid the union related pitfalls some of its rivals have fallen into. the company beefing up benefits for its gen z workforce. plus a major loss when nikki haley is making a round two of trump versus biden even more likely. that story when power lunch returns. trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust

one, from a price and mix point of view, this should help tesla.s going to be a premium vehicle. while it's cutting prices on the model ys and 3s, it gives them a way to come up with a premium product there. on the second part, it ooh going to be a massive contribution overall. i think the first few shipped in november one thing to look out for in results after the u.s. market close is any commentary or guidance on how many they're shipping or what they expect to ship in 2024 i'd be surprised if they broke it out, but obviously analysts will push for detail. >> carl, before you came on, arjun was giving us an overview of the netflix results yesterday. really, really strong price action after the close yesterday. the stock is up almost close to 8% what do you point the growth down to. where are they able to succeed versus where they've been unsuccessful >> it's interesting the streaming wars it's coming to a close things are a bit more rational specifically to netflix, a couple of things have helped, obviously cracking down on password sharing, the

the tesla, again, perspective, tesla rocketed 100% last year and has just announced a beat in its fourth quart protection numbers. coming up, jeff flock is kicking off his live, week-long ev adventure. it's called the long way home. if you're on the fence about an ev, you just don't think it works or you think, hey, i'm interestinged, does it work? he's going to give you the straight story on what it's like the drive, maneuver and charge an ev going from chicago to new york city. and now that the, v infrastructure's growing fast, maybe the picture's a bit different than a couple of years ago. now it's final for the big -- time for the big question. what does 2024 the have in store? it's time for "the claman countdown"'s first floor show of the few year, and who better than the najarian brother, jon and pete. great to have you, gentlemen. jon, i'm going to start with you because as we look at the s&p, s&p gained last year, i mean, you look at this very nice gape, 24.2%, nasdaq even better. composite up 43.4 percent. do we see a repeat of that? because as they always say, past performance