More pain. He tells us where he thinks the stock is going thats where we start on tesla slam iming the breaks as it stas to ramp up its model 3 production having its worst day in a year and now, nearing bear market territory. A number of factors weighing on the stock. One of the sectors for tesla, the thu target is is. But heres part of the reason. Theyre questioning whether or not we are seeing plateauing in terms of demand. Currently out there for sale, 22,100 in the Second Quarter it breaks down more model s than x, but goldman says that is a sind of what we have seen for four quarters in a row of sales between 22 and 25,000 vehicles and as a result, goldman has cut its target down 180 tlrs this comes as weare looking at the mod 3 production this month and ramping up at a dramatic pace through the end of this year first deliveries come at the end of this. The model 3 rate should hit a rate of monthly production of 20,000 it did say in announcing delivers it expects the same number o
Understanding why viewers want us to compare results to last year, not to analyst expectations. We have 70 above. What does that tell you other than the Company Effectively managed where analysts were. We have no idea is it above or below. Intel, a third of their profit dropped off. In both revenue, and earnings, wouldnt you like to know how it compares . What if everything is down from last year in both revenues and earnings . Was it rich who was saying what you should be looking at is the number of companies that have surprising that shock you by missing by so much. Those are the ones who you havent really seen just objectively, it is hard to do above or below last year, there is always items, they sell businesses, so, you know, things are discontinued and makes it hard. The stock trade is based on where the streets expectations are. If they knew it would be coming down steeply, but if you knew it was going to be coming down steeply, street knew it was coming. Youre late to the game
Spending, and auto sales. And then finally on friday, we get that big july nonfarm payrolls report. Economists are looking for about 184,000 jobs to have been added for the month. Meantime, the Unemployment Rate is expected to fall to 7. 5 . But joe, its going to be really interesting watching a lousy gdp number, probably a good jobs number and seeing how the tenyear reacts to each of those numbers. How do we know about the jobs number . Were ready for a bad one. You think it will be good because of the claims numbers . I dont know. I dont know either. Were ready for either. How the bond market reacts to good news bad news potentially. And the feds going to be in focus this week. Yep. Talking about the fed . So sick well, if its not humphrey hawkins, a twoday bernanke thing, now its the fom. I dont remember in my life being so controlled by any every fed decision. Then the minutes release later of what they said. Its constant. And theres such a big part of our life. I think its a sad c
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