Tesla still climbing, new Stellantis CEO: Trending Tickers

00:00 Speaker A

Now it’s time for some of today’s trend. Julie Hyman and Thomas Hayes are here to discuss and some names we watch are Tesla and Stellantis. Yesterday, after the opening of the company’s Robo Taxi service, I will start with Tesla, who saw great gains today. Electric Vehicle Manufacturer program is released by 20 cars to be occupied by employees who cost a fixed wage of $ 4.20 with each driving. CEO Elon Musk, Tesla’nın service will expand according to the performance, he said. Tom, what are you doing?

00:46 Tom Hayes

Like a magician. Look here. This is misleading. I mean, the car has worsened the UH since the participation of politics. However, if it is right, II has seen an excerpt from it, UH, we expect hundreds of thousands of Robo taxis, even if not millions by the end of the year. This is a brave expression. If he reaches a place close to him, maybe today’s movement is underestimated. However, if we look at the car business, this is another story and uh and I think it’s a change. When you pay the valuation you make for Tesla, you always bet, you always bet to the man, and you are delivered for many years, and followers want to continue to bet. So this is a step in the right direction. UH Robo Taxis The game may change, but it continues to be seen. If you have drivers in the car, this is not a robo taxi.

02:22 Speaker A

Julie, bring you here. I mean, as Tom said, you bet on the man, right? Ah and he says. He said that. If you have my stock, it is because you are a long -term belief in my autonomy and robot vision.

02:42 Julie Hyman

Right. Certainly. I’ve said that for a long time. Tesla is a inventor based on belief, isn’t it? People don’t buy it because of what happened today or what happened yesterday. They buy it because they think it will happen, what they believe will be tomorrow and in the coming years. I mean, Dan Ives is the best example of this in our friend Wedbush. He was there, a big tesla strengthening, no surprise. It was there at the weekend, and the possibility of autonomous UH of the trillion dollar again, the journey, not only about Robo taxis, but also about the type of thesis that it is around the stock in general. In Mizuho, ​​I thought our friend Jordan Klein was interesting, there was a table analyst and you know, the people they sent to do this test were the people they knew were Tesla supporters. And even Bloomberg states that some of these impressives say that some of these Tesla people say that the tests are not perfect, right? You know, they pointed out some of some of the cars on the speed limit, perhaps not very important, but perhaps not logical. There was a UH group in a car and it was reported to try to press the button to ask him to stop. And I think he finally stood in the middle of the road. So there are still some mistakes they work for. This thing, you know, perfect and will rol up to a larger area and other cities. However, many analysts said it went a little better than expected. At least it was neutral.

05:14 Speaker A

Yes. I’m not even talking about competition. You have Waymo, Amazon Zoox, but until Tom’s point, it deals with about 8% in today’s trade. Okay, here is another one we need to check. Stellantis, the new CEO Antonio Filosa, the top management team avoids any major change in the role today. Jeffries analyst, Stellantis, still role as the president of the North American market, still a full -time job, he said. This car manufacturer’s shares have been falling since the opening of the market. Since the announcement of Filosa as CEO, stock prices have been decreased by about 10% in general. This is interesting, Tom. Well, that’s why we’re reorganizing the management, UM, CEO is part of these 13 member leadership teams in the company. Bloomberg, the new CEO here, there is a lot on your plate. I mean, by stopping a sales line in the United States, an aging sequence, a model delay, pricing power, but what are you doing?

06:44 Tom Hayes

I think the number one rule is probably that they should get rid of the other 12 executives. Oh, then they can be simple and more efficient. Look, it’s a hard job. We are in UH, we have a job that provides ceiling systems around the windows and liquid transfer systems. I prefer to be a weapon seller because what will be UH will be successful in reducing this summer rates in a modest way. This will reduce financing rates for cars, but it will be a race at the bottom. There will be a large amount of supply. Margins will continue to fall. The OEMs will want to be those who make good suppliers of the parts because our average car on the road is 13.5 years. It has a large expensive spare cycle. We just need to see the incentives and we need to see the financing rates fall and they will start making big, big skin. The question is that what are the margins of Stellantis, Ford and GM? I don’t want to be in that job.

08:14 Speaker A

Certainly. Oh Julie, bring you back here. I hope Tom is right that these rates have fallen, because as you certainly know, if so, I will be interested in making a purchase. But Stellantis, your thoughts.

08:31 Julie Hyman

Oh, I know. I know. I mean, if you look at how Stellantis did it in the last 12 months, I’m just looking at the numbers here. US shares fall by 55%. UM, and we know that the car business is generally challenged late, don’t you? However, compare it with GM, it changed very little last year. Ford fell about 12%. Therefore, we clearly see that Stellantis performs their peers low. This is not just to fight in a difficult car market. He’s doing worse. And I don’t know we know what these steps will be from Filosa.

09:30 Speaker A

We don’t.

09:32 Speaker B

P