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Tesla Earnings Vibe Check

Yahoo Finance’s Brad Smith and Brian Sozzi give their vibe checks for Tesla's Earnings Call.

You can see the entire show here.

Video Transcript

BRAD SMITH: Look, we've got to get some vibe checks here. And I'll just be straight away about this one. I gave this, on a scale of 10, a 3 at the end of the day. And here's why, because if there is a path towards a fully sustainable future for humanity, as Elon Musk was talking about on the call, then I need more excitement that they're pumping through during these communications. And I didn't get that. I was sitting here trying to stay awake with flights flights of chicken cutlets from Dave's Hot Chicken just trying to make it through this call, Sozz.

BRIAN SOZZI: Well, I'm just sitting here on my ninth energy drink from today in my trusty Yahoo Finance cup. And if you're out there watching, and I know millions of you are, if you want one of these cups, just drop me a tweet. I'll get you over one. My vibe check is this. It's bad, bad, bad, bad.

I know the stock is reacting positively, but I really don't give a damn. Because here's what I saw in this conference call. Brad, to your point, you have Elon warning about a severe recession. He has said this before. But I do not want to hear Elon Musk Warning about a recession. Check, done, do not like it.

What I don't also like is that sketchy volume outlook from Tesla, calling for 38% in growth this year, year over year. That is below their long term CAGR, or Compound Annual Growth Rate, as Wall Street likes to say, of 50%. Do not like that, as well. And then no sign on the pickup in demand, if there was one, on recent price cuts.

BRAD SMITH: Right.

BRIAN SOZZI: I don't any of it. He was asked this repeatedly. I would have liked to see Elon step up and say, we cut prices. People are buying more of our junk.