While Tesla is reclied price targets slightly, but he's maintaining a buy on the stock. So joining me now is George Genericas. He's senior analyst at Canacord Genuity.George, thanks so much for being here today. I guess we'll just start with a a brief overview of your thoughts on the quarter. We sort of ran through that they had an earnings miss, but they did report stronger than expected revenue.They had a great deliveries quarter in the third quarter that basically helped them overcome the first two quart ...

Group 1: Tesla - Tesla reported third quarter revenue of $28 billion, a 12% increase year-over-year, but operating profit fell 40% to approximately $1.6 billion, with earnings per share below expectations [6][7][5] - CEO Elon Musk urged shareholders to approve a $1 trillion pay package during the earnings call, emphasizing the need for sufficient voting control to maintain his position [10][12][15] - The company is testing a robo taxi service in the Bay Area and plans to expand to 8 to 10 metro areas by year-end, although Musk's cautious tone regarding progress may have dampened investor expectations [8][9] Group 2: Airlines - American Airlines reported a narrower loss than expected and raised its profit outlook for the full year, driven by strong demand in corporate and premium leisure travel [2][36] - Southwest Airlines posted a surprise profit and record operating revenue, attributing success to new initiatives like charging for checked bags and implementing assigned seating [40][41] - The airline expects continued strong demand and anticipates record holiday revenue, with a focus on enhancing customer experience through various service improvements [57][45] Group 3: Oil Prices and Economic Impact - Oil prices surged following new sanctions imposed by the U.S. on Russia's largest oil companies, which may affect global supply and economic conditions [4][20] - The bond market is reacting to rising oil prices, with a noted correlation between oil price increases and bond yield fluctuations, particularly in the context of the ongoing government shutdown [17][21] - Economic data has been sparse due to the government shutdown, leading investors to rely on alternative indicators such as oil prices to gauge market conditions [19][22] Group 4: Honeywell and Dow - Honeywell exceeded third quarter earnings expectations and raised its full-year profit outlook, driven by a 15% sales increase in its aerospace unit [37][38] - Dow reported a reduced loss per share of $0.19, an improvement from the previous quarter, although it faced an 11% decline in packaging and specialty plastics revenue year-over-year [39]

Core Insights - China is tightening export rules on rare earth minerals, which are crucial for various industries including automotive and technology, particularly affecting companies like Tesla [1][5][6] - Tesla plans to reduce reliance on rare earths in future vehicle models, but these materials remain essential for current operations and future growth initiatives, including robotics [2][4][3] Industry Impact - The semiconductor industry and other sectors also depend heavily on rare earth materials, indicating a broader economic impact beyond just the automotive sector [2][3] - The potential enforcement of stringent export guidelines by China could be a negotiating tactic in ongoing US-China trade discussions, particularly concerning technology and materials [5][6][7] Tesla's Strategic Position - Tesla's growth strategy includes the introduction of new vehicle models and the development of robo-taxi services, which will require continued access to rare earth materials [4][9][10] - The company has launched stripped-down versions of its Model 3 and Model Y to mitigate the impact of the loss of EV tax credits, indicating a focus on affordability and market competitiveness [10][11] - Future models, including the highly anticipated Roadster and variations of the Cyber Truck, are expected to enhance Tesla's brand and market presence, despite their high price points [10][11][12]

Core Viewpoint - Tesla is adjusting its pricing strategy to cater to more price-sensitive consumers while attempting to maintain profit margins, especially in light of expiring government credits [2][4][8]. Pricing Strategy - Tesla has reduced prices by approximately $5,000 but has increased costs by about $2,000 compared to the previous week, with many buyers ineligible for a $7,500 credit [1]. - The company is focusing on the lower end of the market to attract cost-conscious buyers while preserving its profit profile [2]. Margin Management - Tesla's margins have faced pressure but showed improvement last quarter, beating expectations by about 150 basis points [5]. - There is potential for margins to remain stable or improve in the upcoming quarters, with expectations of a 50 to 100 basis point beat [6][12]. Competitive Landscape - Tesla is facing intense competition from Chinese EV brands, which prioritize market share over profitability [9][10]. - The Chinese EV market is producing high-quality vehicles at lower prices, posing a challenge for Tesla in maintaining its brand loyalty and market position [11][15]. Long-term Outlook - Investors are focused on Tesla's long-term opportunities in AI, robotics, and autonomous vehicles, which are seen as key growth areas [16][20]. - Despite short-term pressures, Tesla is expected to remain a leader in the EV market, particularly in the U.S. and Europe, as traditional automakers retrench [19].

Market Trends & Competitive Dynamics - Lyft shares are up over 13%, while Uber shares are pulling back about 5% following Alphabet's Waymo announcement of a robo-taxi service launch in Nashville with Lyft [1] - The partnership between Lyft and Waymo introduces competitive tension, potentially impacting Uber's pricing leverage [5][6][11] - Lyft's stock is up nearly 80% YTD and 133% from its April low [3] Company Strategy & Partnerships - Lyft's partnership with Waymo is their first, landing in a critical part of the country, while Uber already has existing partnerships with Waymo [2] - Lyft aims to leverage the Waymo partnership to expand into other cities [6][10] Company Valuation & Financials - Uber is a $194 billion company with a turnaround in its balance sheet [2] - Lyft is a $9 billion company [5] Investment Opportunities & Risks - There's a potential trade opportunity with Lyft, with a low-risk scenario around the $20 mark or $19 with more risk [4] - The market is taking the ride with Lyft, as Uber shares are pulling back [12]

Let's stick with this move higher in Tesla and that billion-dollar stock purchase. Joining us this morning with his insight and reaction, William Blair Group, head of energy and power tech, Jed Dorshimer. Uh Jed, good to have you.Um I guess what do you make of the the purchase and then just the perform the price action uh in the past week or month to date. Yeah, I mean as Robert me thanks for having me Carl. I think as as Robert mentioned, you know, the last time was February 2020 and so as a signal, I thin ...

Amazon making its long-awaited leap into the robo taxi race. The company's self-driving Zuk's vehicles hitting the streets in Las Vegas today. Mackenzie Seagalos has more in today's Tech Check.Mac, hey there. So, we are talking about a first of its kind vehicle. No steering wheel, no pedals.You can see it here in this exclusive footage captured by CNBC's digital video team during a ride along. Now, it's a limited launch, but a meaningful one. Zuks needed special regulatory clearance just to carry passengers ...

Welcome back everyone. We've officially made it through week one of earning season. So, congratulations on that.But before you celebrate too early, things are just getting started. Week two, what we're getting into this week is even bigger than week one. Let's go ahead and just take a look at the earnings calendar here and I'll highlight a few companies that we'll be going over in today's episode.To start things off, tomorrow before market open, we have Equifax right there. Equifax is reporting earnings and ...