Wall Street Breakfast Goldman plays catchup to Tesla's big run
Jul 10, 2024
Goldman hikes target for Tesla as Bill Gross warns it trades like a meme stock. Samsung faces 'indefinite' strike. Citi advises taking AI profit. Carvana introduces features for easier EV purchases. Baidu rises on Beijing's robotaxi rules.
AI Snips
Chapters
Transcript
Episode notes
Tesla's Rally Draws Skepticism
- Goldman raised Tesla's price target to $248 but kept a neutral rating due to risks.
- Bill Gross warned Tesla behaves like a meme stock with weak fundamentals and fast price moves.
Market Calm Amid Fed Messaging
- The S&P 500 showed sustained strength with no losing session in the second half and the Nasdaq outperforming.
- Jay Powell said policy is restrictive and the neutral rate has risen at least short term, pressuring yields.
Use Carvana's New EV Tax Tools
- Needham upgraded Carvana and the company launched tools highlighting cars that qualify for the Clean Vehicle Tax Credit.
- Use the new features to identify eligible electric vehicles and apply up to $4,000 in savings at checkout.