{"id":73485,"date":"2024-01-25T09:11:55","date_gmt":"2024-01-25T14:11:55","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73485"},"modified":"2024-01-25T09:11:55","modified_gmt":"2024-01-25T14:11:55","slug":"coffee-with-greta-tsla-tanks","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/01\/25\/coffee-with-greta-tsla-tanks\/","title":{"rendered":"Coffee With Greta: TSLA Tanks"},"content":{"rendered":"

DJIA Futures: <\/b>+87 (+0.2%)<\/span><\/p>\n

SPX Futures: <\/b>+19 (+0.4%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+87 (+0.5%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are up after the release of strong economic data.\u00a0<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Tesla Tumbles After Q4 Miss, Weak Outlook<\/span><\/h2>\n

Tesla <\/b>(TSLA) shares are dropping 8.8% ahead of the open after missing Q4 expectations and issuing weak guidance for 2024.\u00a0<\/span><\/p>\n

Here\u2019s how the electric automaker\u2019s results compared to analysts\u2019 estimates:<\/span><\/p>\n

    \n
  • Adjusted EPS: $0.71 vs $0.74 expected<\/span><\/li>\n
  • Revenue: $25.17 billion vs $25.6 billion expected<\/span><\/li>\n<\/ul>\n

    Total revenue rose 3% year over year with automotive revenue up just 1%.<\/span><\/p>\n

    Tesla\u2019s operating margin for the quarter was 8.2% vs 16% a year ago but up from 7.6% in Q3.\u00a0<\/span><\/p>\n

    The company said its vehicle volume growth in 2024 \u201cmay be notably lower\u201d than last year as it works toward launching its \u201cnext-generation vehicle\u201d in Texas.<\/span><\/p>\n

    Q4 GDP Growth Tops Estimates<\/span><\/h2>\n

    The U.S. economy was much stronger than expected at the end of 2023.\u00a0<\/span><\/p>\n

    The Commerce Department\u2019s first estimate shows GDP increased at a 3.3% annualized pace in the fourth quarter.\u00a0<\/span><\/p>\n

    That was better than economists\u2019 expectations for a 2% growth rate and down from 4.9% in Q3.\u00a0<\/span><\/p>\n

    For the full year 2023, the U.S. economy expanded 2.5%.\u00a0<\/span><\/p>\n

    Consumer spending rose 2.8% in Q4, state and local government spending rose 3.7%, and federal government expenditures increased 2.5%.\u00a0<\/span><\/p>\n

    The PCE price index during the quarter, which is a measure of inflation, rose 2.7% vs 5.9% a year ago.\u00a0<\/span><\/p>\n

    The core PCE price index rose 3.2% vs 5.1% in Q4 2022.\u00a0<\/span><\/p>\n

    On a quarterly basis, headline inflation rose 1.7% while core inflation rose 2% from Q3.<\/span><\/p>\n

    Weekly Jobless Claims Jump<\/span><\/h2>\n

    The number of new unemployment claims rose more than expected last week.\u00a0<\/span><\/p>\n

    The Labor Department reported 214,000 Americans filed initial claims for unemployment benefits.\u00a0<\/span><\/p>\n

    That was up by 25,000 from the previous week and higher than 199,000 expected.<\/span><\/p>\n

    Continuing claims rose by 27,000 to 1.833 million in the week ending January 13.\u00a0<\/span><\/p>\n

    American Airlines Jumps On Earnings, Guidance Beat<\/span><\/h2>\n

    American Airlines <\/b>(AAL) shares are rising 4.5% in premarket trade after beating Q4 expectations and issuing strong guidance.\u00a0<\/span><\/p>\n

    Here\u2019s how the airline\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $0.29 vs $0.11 expected<\/span><\/li>\n
    • Revenue: $13.1 billion vs $13 billion expected<\/span><\/li>\n<\/ul>\n

      Load factor, which measures how much passenger carrying capacity is used, came in at 83.6% vs 82.9% expected.\u00a0<\/span><\/p>\n

      American forecast full-year 2024 EPS between $2.25 and $3.25 vs $2.14 expected.\u00a0<\/span><\/p>\n

      The CEO said, \u201cWe are delivering on our commitments and remain well-positioned for the future, supported by the strength of our network and travel rewards program, our young and simplified fleet, our operational reliability, and our outstanding team.\u201d<\/span><\/p>\n

      Southwest Tops Q4 Estimates<\/span><\/h2>\n

      Southwest Airlines <\/b>(LUV) are up 2.2% ahead of the open after beating Q4 expectations.<\/span><\/p>\n

      Here\u2019s how the airline\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

        \n
      • Adjusted EPS: $0.37 vs $0.12 expected<\/span><\/li>\n
      • Revenue: $6.8 billion vs $6.75 billion expected<\/span><\/li>\n<\/ul>\n

        Revenue per available seat mile (RASM) decreased 8.9% year over year.\u00a0<\/span><\/p>\n

        Load factor fell to 78.2% from 83.5% a year ago, missing expectations for 81.7%.\u00a0<\/span><\/p>\n

        Southwest forecast Q1 RASM will increase 2.5% to 4.5% yaer over year.\u00a0<\/span><\/p>\n

        The CEO said, \u201cWe currently expect to grow our full year 2024 available seat miles roughly 6%, year-over-year, all of which is carryover from 2023 network restoration related growth.\u201d<\/span><\/p>\n

        In Case You Missed It<\/span><\/h2>\n
          \n
        • Meta Platforms <\/b>(META) briefly surpassed a $1 trillion market cap during Wednesday\u2019s session. The stock popped to around $396 per share to hit the milestone for the first time since 2021. META closed 1.4% higher at $390.70. Meantime, <\/span>Microsoft <\/b>(MSFT) briefly crossed $3 trillion in market value on Wednesday when the stock hit around $404 per share. MSFT closed 0.9% higher at $402.56 per share.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

          DJIA Futures: +87 (+0.2%) SPX Futures: +19 (+0.4%) NASDAQ Futures: +87 (+0.5%) Good morning friends! Futures are up after the release of strong economic data.\u00a0 Let\u2019s get right to it! Tesla Tumbles After Q4 Miss, Weak Outlook Tesla (TSLA) shares are dropping 8.8% ahead of the open after missing Q4 expectations and issuing weak guidance for 2024.\u00a0 Here\u2019s how the electric automaker\u2019s results compared to analysts\u2019 estimates: Adjusted EPS: $0.71 vs $0.74 expected Revenue: $25.17 billion vs $25.6 billion expected Total revenue rose 3% year over year with automotive revenue up just 1%. Tesla\u2019s operating margin for the quarter was 8.2% vs 16% a year ago but up from 7.6% in Q3.\u00a0 The company said its vehicle volume growth in 2024 \u201cmay be notably lower\u201d than last year as it works toward launching its \u201cnext-generation vehicle\u201d in Texas. Q4 GDP Growth Tops Estimates The U.S. economy was much stronger than expected at the end of 2023.\u00a0 The Commerce Department\u2019s first estimate shows GDP increased at a 3.3% annualized pace in the fourth quarter.\u00a0 That was better than economists\u2019 expectations for a 2% growth rate and down from 4.9% in Q3.\u00a0 For the full year 2023, the U.S. economy expanded 2.5%.\u00a0 Consumer spending rose 2.8% in Q4, state and local government spending rose 3.7%, and federal government expenditures increased 2.5%.\u00a0 The PCE price index during the quarter, which is a measure of inflation, rose 2.7% vs 5.9% a year ago.\u00a0 The core PCE price index rose 3.2% vs 5.1% in Q4 2022.\u00a0 On a quarterly basis, headline inflation rose 1.7% while core inflation rose 2% from Q3. Weekly Jobless Claims Jump The number of new unemployment claims rose more than expected last week.\u00a0 The Labor Department reported 214,000 Americans filed initial claims for unemployment benefits.\u00a0 That was up by 25,000 from the previous week and higher than 199,000 expected. Continuing claims rose by 27,000 to 1.833 million in the week ending January 13.\u00a0 American Airlines Jumps On Earnings, Guidance Beat American Airlines (AAL) shares are rising 4.5% in premarket trade after beating Q4 expectations and issuing strong guidance.\u00a0 Here\u2019s how the airline\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.29 vs $0.11 expected Revenue: $13.1 billion vs $13 billion expected Load factor, which measures how much passenger carrying capacity is used, came in at 83.6% vs 82.9% expected.\u00a0 American forecast full-year 2024 EPS between $2.25 and $3.25 vs $2.14 expected.\u00a0 The CEO said, \u201cWe are delivering on our commitments and remain well-positioned for the future, supported by the strength of our network and travel rewards program, our young and simplified fleet, our operational reliability, and our outstanding team.\u201d Southwest Tops Q4 Estimates Southwest Airlines (LUV) are up 2.2% ahead of the open after beating Q4 expectations. Here\u2019s how the airline\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.37 vs $0.12 expected Revenue: $6.8 billion vs $6.75 billion expected Revenue per available seat mile (RASM) decreased 8.9% year over year.\u00a0 Load factor fell to 78.2% from 83.5% a year ago, missing expectations for 81.7%.\u00a0 Southwest forecast Q1 RASM will increase 2.5% to 4.5% yaer over year.\u00a0 The CEO said, \u201cWe currently expect to grow our full year 2024 available seat miles roughly 6%, year-over-year, all of which is carryover from 2023 network restoration related growth.\u201d In Case You Missed It Meta Platforms (META) briefly surpassed a $1 trillion market cap during Wednesday\u2019s session. The stock popped to around $396 per share to hit the milestone for the first time since 2021. META closed 1.4% higher at $390.70. Meantime, Microsoft (MSFT) briefly crossed $3 trillion in market value on Wednesday when the stock hit around $404 per share. MSFT closed 0.9% higher at $402.56 per share.<\/p>\n","protected":false},"author":41,"featured_media":73489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=73485"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73485\/revisions"}],"predecessor-version":[{"id":73490,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73485\/revisions\/73490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73489"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}