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Tesla's Underwhelming Earnings Are No Surprise

January 28, 2024 / 00:44

This episode covers Tesla's latest earnings report, sales growth forecasts for 2024, and discussions about SpaceX. Key topics include revenue figures and consumer sentiment towards Tesla vehicles.

Hosts Cara and Scott discuss Tesla's revenue of $25 billion, which is a 3% increase from the previous year but below expectations. They express surprise at the growth, considering the challenges Tesla faces.

The conversation shifts to the future of Tesla and its dependence on SpaceX, with Scott suggesting that SpaceX might be a potential lifeline for Tesla. Both hosts share their positive views on SpaceX as an innovative company.

Cara mentions conversations with Tesla owners who are interested in new electric car models but face difficulties in selling their current vehicles. This highlights consumer sentiment and market challenges for Tesla.

TLDR

Tesla's earnings report shows 3% revenue growth but warns of lower sales in 2024, with discussions on SpaceX's potential impact.

Episode

0:44
00:00:00
Tesla is also reporting its latest earnings and warning that sales growth may be notably lower in 2024 you're
00:00:04
kidding guess who said that was going to happen Cara and Scott Revenue came in at
00:00:09
25 billion up 3% from a year ago but lower than expected I'm surprised they got 3% accordingly that actually that's
00:00:15
good for them like literally this guy shoots himself in I don't think he any feet left to shoot himself in I think he
00:00:21
is thinking SpaceX is the next raft for him oh and it might be by the way SpaceX
00:00:25
is a terrific company and Innovative in many as we both said we like SpaceX space Caren we like space Caren but yeah
00:00:32
it's it's interesting I've talked to so many Tesla owners who are like G even they want to try the new cars cuz they
00:00:39
like electric cars right they can't sell them

Episode Highlights

  • Tesla's Earnings Report
    Tesla reports $25 billion in revenue, up 3% from last year but lower than expected.
    “I'm surprised they got 3%.”
    @ 00m 09s
    January 28, 2024
  • SpaceX's Potential
    Discussion on SpaceX as a potential lifeline for Tesla's leadership.
    “It might be, by the way, SpaceX is a terrific company.”
    @ 00m 23s
    January 28, 2024

Episode Quotes

  • Guess who said that was going to happen?
    Tesla's Underwhelming Earnings Are No Surprise
  • I don't think he has any feet left to shoot himself in.
    Tesla's Underwhelming Earnings Are No Surprise
  • SpaceX is a terrific company and innovative.
    Tesla's Underwhelming Earnings Are No Surprise

Key Moments

  • Sales Growth Warning00:02
  • Leadership Critique00:17
  • SpaceX Praise00:25
  • Tesla Owner Sentiment00:34