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Wall Street Breakfast Podcast: Tesla Touts Ambitious Plans, Market Shrugs
Seeking Alphaยท 2025-07-24 11:02
Tesla - Tesla aims to launch its robotaxi service and achieve full self-driving capabilities, targeting to make these available to half of the U.S. population by the end of the year [5][4] - The company plans to deliver a more affordable electric vehicle (EV) by maximizing production in Q3 for deliveries in Q4, despite potential challenges from losing EV incentives [6][4] - Tesla's recent Q2 results met Wall Street expectations, avoiding a second consecutive miss on both top and bottom lines, with executives expressing confidence in the company's ambitious plans [3][4] Chipotle - Chipotle reported a 3.0% increase in total revenue due to new store openings, but comparable sales fell 4.0%, worse than the expected decline of -2.9% [7] - The company anticipates flat comparable restaurant sales growth for the full year following a 4.9% drop in transactions during the last quarter [7] Economic Context - President Trump is scheduled to visit the Federal Reserve, marking a significant event as it is the first visit by a sitting U.S. president in nearly two decades, which may challenge the central bank's independence [8]