00:00 Speaker a
Now is the time for some of today’s fashion checks. Julie Hyman and Thomas Hayes are here to discuss with me, and some of us are the names “Tesla” and “Stellantis”. I will start here with Tesla, which today sees a lot of profit when it was unveiled yesterday by Robo Taxi Service. The electric vehicle manufacturer launched a program with 20 cars that the employees will still take to watch when each ride costs a fixed fee of $ 4.20. CEO Elon Musk says Tesla will probably expand the services according to its activities. Tom, what do you do from it?
00:46 Tom Hayes
Well, it’s like a magician. Look here. This is an illusion. I mean, the car business has worsened from its involvement in politics. However, if he is right, I I just saw a quote from him, we hope that by the end of the year, if not millions. This is a bold statement. If it approaches him, perhaps today’s step is an insufficient rating. However, if we look at the car business, this is another story and I think it is a compromise. You always bet when you pay for the evaluation you do for Tesla, you always bet on a man and he is delivered to many, for many years, and followers want to bet on it. So this is a step in the right direction. UH Robo taxi can change the game, but you still need to see. If there are drivers in the car, it is not a Rob taxi.
02:22 Speaker a
Julie, bring you here. I mean, as Tom says, you bet on a man, right? Uh and here’s what you need to say. Must say that. If you own my promotions, that’s because you are a long -term believer in my autonomy and robot vision Julie.
02:42 Julie Hyman
Correctly. Of course. I said it for a long time. Tesla is a faith -based promotions, right? People don’t buy it because of what’s going on today or what happened yesterday. They buy because what they think will happen to what they think will happen tomorrow and coming years. I mean that our friend Dan Ives Wedbush is a great example of that. He was there, he was a big Tesla amplifier, no surprise. He was there on the weekend and talked about the autonomous possibility of a trillion, the journey he calls, not only related to Robo taxi, but also related to Ai uh thesis he has in the environment. I thought our friend Jordan Klein Mizuho, he was a table analyst there and he said, you know that the people they sent this test were people who, to their knowledge, are sponsors of Tesla. And even in the light of that, Bloomberg reports that some of those influencers, some of those Tesla people stressed that tests did not do without flaws, right? They pointed out that, you know, some cars exceeded speed limit, which may not be a big deal, but they pointed out that some turns did not make sense. The car reportedly contained one UH group of people who tried to press the button to ask for it to stop. I think he finally stopped in the middle of the road. So there are still a few mistakes they train. It is not the case that this thing, you know, is flawless and will immediately release it to a larger area and other cities. Still, many analysts said it was a little better than expected. It was at least neutral.
05:14 Speaker a
Yes. Not to mention competition anymore. You got Waym, you received the Amazon Zoox, but according to Tom’s point, the shares in today’s trade reach about 8%. Okay, here’s another we had to check. Stelantis is the new CEO Antonio Filosa, who begins its role today, avoiding major changes to the team of senior leaders. The Jeffries analyst says the Stelantant update may be a non -full -time Filosa, which is still retaining its role as the North American market manager. The shares of that car maker decreased from the opening of the market. Since the appointment of Filosa as CEO, the share prices have fallen in total. It’s interesting, Tom. You are fine, so we rearrange the management, UM, the CEO is part of this 13 -member senior leadership team in the company. You know, Bloomberg notes that the new CEO, he has a lot on his plate. I mean that by stopping the sales line in the US, they talk about aging composition, model delay, pricing bruises, but what do you do from it?
06:44 Tom Hayes
I think the rule number one is that they should probably get rid of the other 12 leaders. UH, then they can be slender and more effective. Look, it’s a hard business. We are UH, we have a business that supplies ceiling systems around windows, fluid transmission systems. I would rather be a weapon seller because what happens is that UH Bes will be able to slightly reduce the rates this summer. This will reduce car financing rates, but it will be a race to the bottom. There will be a huge supply. Their margins will continue to decline. OEM, parts suppliers will want to be those who are doing well because we have a medium car on the road is 13.5 years. There is a huge replacement replacement cycle. All we have to do is see the incentives and we need the funding rates to decrease, and they will begin to do a huge, huge amount. The question is, what are the margins of “Stellantis”, “Ford” and “GM”? I don’t want to be in that business.
08:14 Speaker a
Okay. UH, Julie, bring you back here. I hope Tom is right that these rates will decrease because I really would be interested in buying as you know well, my friend if they did it. But stelantis, your thoughts.
08:31 Julie Hyman
Oh, I know. I know. I mean, if you look at the “Stellantis” have done in the last 12 months, I just look at the numbers here. They decreased as 55%, the US shares. Hm, and we know that the car business was a challenge at all late, right? However, compare this to GM, has changed little in recent years. Ford decreased by about 12%. Thus, it is clear that Stelantant did not sufficiently show his peers. Not only does it fight what is a heavy car market. This is worse. And I don’t know that we still know from “Filosa” what those steps will be to change it.
09:30 Speaker a
We don’t.
09:32 Speaker b
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