and the company matures and tesla being more tesla than tesla is the e on it. it's almost a bill gates type of question. the problem is there's definitely a premium and tesla stock because elon is elon. tesla traits that roughly 40 times 23 earnings as twice as much as a porsche it's way more than any traditional automaker. so managing that, elon a preemie as he fades and tesla matures is like a big question but an unanswerable one at this point. ask the other side can tesla keep making these great cars if musk is not hands on and involved in this? >> or the things i was most interesting report in the story is no one, the bulls, the bears investors think that musk distraction is a risk for their worried more about the brands. they all believe the talents in the engineering depths in the way the company is organized with cross functional teams solving problems, they believe there is no problem. i think about risk of will it fade as some of the other people maybe drew is the number two man at tesla as he starts to be more prominent on conference calls and confere

should you own tesla we have a bull/bear debate joining us is colin rush, he rates tesla a buy. he carries a $436 price target our bear is craig irwin with roth capital he says tesla is egregiously overrated. he has a price target of $85 a share. craig, you see this thing going down, down, down why? >> tesla is facing an interesting environment. if you look at companies executing well, you have lucent, polestar doing what they said they would do. you have names like porsche, where it's the tycon that's driving the growth for that company. coming out at a much more attractive valuation and ford with their spinoff coming this spring there are much more attractive places to put your money for tesla to be valued at an outsized premium versus the largest car producer in the market, when they really don't have anything that nobody else doesn't. to me, that doesn't make sense it means you should probably look elsewhere and avoid tesla >> colin, why don't you respond there. the point he makes, there's a lot of competition here. some are executing very well you have a ceo who may, to mil

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what does tesla, what do these levels look like you to? >> it's tough to separate what's going on with tesla under the aggressive unwind mega cap glamor crowded growth stocks that we had a year, year and a half ago tesla for its part has essentially made a round trip over the last two years, so two years ago is when it first started to accelerate higher had a massive move before that right as the pandemic started and really started to get going, adding to the s&p and having a stock split and people crowded into a handful of favorite names so that's been unwound you have musk selling all the stock. musk seeming like he's kind of bored with tesla and running it and pre-occupied with twitter and tweeting constantly and having his kind of chaotic management style on display for the entire world so it's tough to tees out exactly what of that is pressuring tesla. now car stocks in general struggling a little bit right here, ev stocks in general having a hard time, the china sales outlook maybe not looking so great so there's lots of reasons why

tell me what's next for tesla, aside from december 1st and the beginning of deliveries for the tesla semi truck, which is not going to move the needle, what else is out there? maybe they pick a new manufacturing facility in the next year. there's nothing fundamentally with that business that is driving momentum rooight now. >> remarkable, if you plot tesla and gm against each other, the last six months. thank you, phil lebeau, talking tesla. >>> coming up in the next hour, we have zoom sliding post-results, dell moving ghhier and how microsoft overtook amazon as the stock with the most long hedge fund positions it's coming up at the top of the hour don't go anywhere. worth of tras against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create we all have a purpose in life - a “why.” no matter your purpose, at pnc private bank we will work with you every step of th

meantime let's goet to tesla. shares have been cut nearly in half and the chart master is firm on his call, keep selling so, carter, what are the charts saying, instead of just sell >> they say kind of keep selling. what a mess. here, just a simple exercise if you were to find everything is balance since october 13th, if you look over a broad aggregate, find stocks that are making new 52-week lows it's a few. this is not a small stock. you can draw the lines any way you want, but i think the lines draw themselves. what we have here, and this is sort of very symmetrical -- tesla has respected these line, and now of course we are hovering right here at a great juncture we undercut that low every so slightly today let's look at the same thing and draw the lines a different way some people like to call their formations, name them. head and shoulders, something that's been documented for decades and decades, and that's what this is now, how to know how low it will go, the truth is it's anybody's guess. but we close aro

tesla, not far behind. overall, it was those pmi numbers a moment ago that sent yields lower, ten-year now back to 3.71. dow up 100, is looking for its ghclose in about seven months back in a moment if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. well, we fell in love through gaming. for smarter trading decisions, but now the internet lags and it throws the whole thing off. when did you first discover this lag? i signed us up for t-mobile home internet. ugh! but, we found other interests. i guess we have. [both] finch! let's go! oh yeah! it's not the same. what could you do to solve the problem? we could get xfinity? that's actually super adult of you to suggest. i can't wait to squad up. i

are a tesla investor. ed: the stock is down on its 50% on a 12 month basis. a 17 month new 52-week low down 5% during monday's session, worst performer on a points basis on the nasdaq 100 and clearly there's a twitter overhang, i think one of the numbers that jumps out at me is that tesla shares are down more than 12% since october 27 when musk close the deal to buy twitter. in that time the s&p 500 may gauge of u.s. equities is basically flat. there's a lot of discussion in the market about what is going on here in a big part of it, if you come with me to my bloomberg terminal, it seems to be key man risk. there has been no firm twitter for anyone paying attention to the platform in the last 24 hours or last few months, elon musk is tweeting regularly, he's focused based on the reporting that kurt wagner has done on this platform and its future, and confirmed from tesla shareholders to voice this concern on the platform that he's distracted being away from tesla. there's less of a conversation now about t

where has that brought tesla to? >> it's interesting. you can see it trade in line with the general sense of concern, either, a, that musk was, for a while, thought to be continuing to sell the stock that obviously was leaning on, and the sort of, having the sort of absorption in twitter in a lot of the details of what's going on at that company, completely out in the public, perhaps zapped some confidence in tesla, using engineers from that company on the other hand, if i look at a year-to-date charge against nvidia, they are in line with each other, on total losses, it's sort of traded along with a lot of the other very highly valued crowded names people own the high octane versions of this i get the concerns it's very hard to figure out what is filtering into the recent bout of weakness in tesla, which has made a two-year round trip from the late 2020 burst hire. >> got it. phil lebeau, thank you. >>> we'll turn to the broader market with a few minutes to go in the session lori calvasina is with us. what is the strategy now that we're

now, any company in the world and tesla's styles haven't changed since inception. guess what has changed there's no capital intensive company that should be selling at this kind of multiple period particularly with a very distracted ceo who singularly is responsible for driving the work force so hard to make the moves they've made in terms of supply chain and production so i said it a year ago the best days are behind tesla. that continues to be true. >> all right, we're getting some spotty audio on steve weiss. we're going to try to fix that in a coming break right now. anyway, i will point this because we're balanced here. city also upgraded the stock from a sell to a neutral rating and that's part of the hole whole tesla conversation today up next on the show as we sort out steve weiss' audio, check out the divergence what is it signaling and mean for the hot trade overall? the committewie ll debate how much it has to run and will it stall out? half time coming back in two minutes. and it only takes eight minutes to qualify. i went on their website, uploaded eve

same with tesla. he's not giving anyone a chance to forget about him. >> what's with this these guys? they can't help themselves -- >> they've never been told no. they surround themselves with people who have always yessed them. so now people are arguing with him, making a fool of him. he's the number one joke on reddit right now. so he says let me buy twitter and i can have my platform to say what i want. and this is affecting his other businesses. >> and also $44 billion not as rich. >> that's right. it adds up to real money. >> i'm hesitant to underestimate elon musk because of what he has done. so we'll see. but right now it doesn't look good. however an interesting point about that, $44 billion it wasn't his money. there are a lot of lenders. as i understand it, the debt to finance this is backed up by tesla, so tesla could take a bigger hit if this goes under. >> his shares in tesla. he's already sold an additional 3 billion, there's more coming. when everything is linked that closely. i wouldn'

-- with tesla? jonathon: he has been encouraging that with the immense success he has had over the last two years. i would love to catch up with dams soon. -- dan soon. [crosstalking] we are lowering our price target to a hundred $50, related to a musket overhang that gets worse by the day. still looking for the upside here at $250. this mass capitulation this morning certainly reflects some concerns people have about the main. tom: it's a readjustment. we will have to see how we readjust on a daily basis with musk. he is only buying companies with [indiscernible] is that even a company? i don't even know. some themes to talk with anne-marie about. it has certainly been under the radar, certainly with our study of finance investment. whether real or perceived, crime is front and center, lots of morning after analysis in new york state about how crime was handled by both parties. what is your knowledge, your summary of what you learned about crime in america in this election? annmarie: i think new yo

. >>> we are taking your questions on nvidia, tesla, and questions on nvidia, tesla, and moreize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. . and a dedicated trade level . that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. we're carvana ♪♪♪ we created a brand new way for you to sell your car go to carvana answer a few questions and our techno wizardry calculates your car's value and gives you a real offer in seconds we'll come to you pay you on the spot then pick up your car that's it at carvana good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. >>> time to take

being away from tesla. there is less of a conversation now about the concern of him settling down more of his own tesla shares in order to finance the twitter deal because of what he did both on the debt and on the equity go investor side. but clearly there is an overhang here, and it is just strange to see such poor performance in tesla stock in the short, medium, and long terms. emily: ed, question but -- this is sort of a perennial question but i wonder if the answer is changing. is tesla a tech stock or a car stock, and how are investors taking about? ed: i will take a perennial wash and from you any day of the week. it is the question. 50% of the sell side analysts that cover tesla do so from a classic automotive perspective. many treat it as a higher multiple tech or software play, because much of it is valuation in recent years has been based on the promise of full self-driving. this is a stock that trades at 47 times forward earnings. if you compare with general motors, that is a stock that trades b

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susan: the reason tesla was under pressure the last few days despite the stock going up and tesla stock selling off and remember you have musk with that $13 billion loan and that interest payment to pay next spring. that's a few hundred million dollars you may have to raise cash for. i want to note that electric cars, you know, it's not an easy business. lucid raised and having a billion in stock sales to fund their car operations and, you know, elon musk talked trace about lic lucid saying it's notn easy business and you need a lot of cash fund. stu: get to the crypto market. that's your area. ftx striking a deal with finance to get bailed out. susan: sorry, i saw bitcoin is at $17,000 because it was barely above $18,000 yesterday when the news hit and looking at lowest in two years now for bitcoin pricing. really it's all about this house of cards. this lack of confidence in the crypto space so you have by-nans, the world's largest crypto exchange trying to buy out and acquire ftx. bear with me and ask me questions if i don't explain this clearly and obviously it's very complex and wh

visit indeed.com/hire liz: shares of tesla, we just want to let you know, are trend ing at the moment on twitter of all things because they are now sub-$200. lowest close on track in 17 months here, so, at 199.36, the electric vehicle giant maybe expressing concerns that tesla chief executive elon musk will be distracted, perhaps, given all of the moves he's making as the new owner of twitter. as they did when musk's first bid to buy the social media company came about so at the moment we are looking at tesla falling about 3.8%. meanwhile investors are closing the door on carvana stack after being halted multiple times for volatility this session. shares are crashing right now, by about 13%, not even at the lows of the session. earlier they fishtailed to a record low of $6.68. carvana still unable to grab the wheel and get control after last weeks third quarter report revealed a wider than expected loss due to rising interest rates on auto loans cooling, and of course, demand. cooling demand. that sent the stock tumbling 39% on friday, for its worst performance ever. carvana is down n

tesla selling at least another -- i say tesla elon musk selling another $3.95 billion worth oftesla shares this is according to s.e.c. filings yesterday. musk sold almost $22 billion worth of tesla shares last year. this year he sold $8 billion worth in april then he sold $7 billion worth in august musk tweeted after the august sale he was done selling, and tesla shares to fund the acquisition said that was to avoid an emergency sale. i don't know if this is an emergency sale perhaps it's to replace a bridge loan or perhaps replace some of the other private investors who he had brought into this, whether he was doing this to shore up or protect himself. he was saying earlier this week the company is losing $4 million a day. if that's the case, there's $500 million in debt payment that comes in april i think originally the thought was the money would come out of cash from the company. we don't know where they'll have that cash from the company maybe he'll have to use his own money. we don't know what happens lchlt they have to put up more money to erase dilution? it races additional questio

tesla tanks. the stock cut in half this year, trading below the median price target of wall street analysts what do the technicals say we'll look at the charts to determine the stock's next move. >>> plus, getting defensive. money has been rotating into biotech. gilead up 20% over the last month. anagen, 13%. are investors hiding in biotech as the threat of a recession looms? we'll explore that one later this hour. >>> tyler, good to see you good to see you, everybody stocks higher this afternoon, brushing off the covid concerns out of china the dow trading near session highs, nearly up 1%. s&p 500 up a percent on 40 points nasdaq composite up nearly 100 points the best performing s&p stock is best buy it hiked its outlook and beat earnings estimates right now, up 11%. the worst performing, look at dollar tree, down almost 9%. it issued a disappointing outlook. crude trading back above $80 a barrel this afternoon. it's up a percent on the day after saudi arabia said opec plus was sticking with its

general motors is secretly hooking up with tesla owners. we're going to tell you what that's all about. and it is sentencing day for elizabeth holmes, the theranos founder guilty of bilking investors out of nearly a billion dollars. folks, we have just gotten word from the courthouse that they still have not sentenced her yet. there is so much drama going on in that courtroom as we speak, we are going to get reaction and the latest update from a white collar defense attorney in just a moment. closing bell 37 minutes away. the dow is holding on to gains of about 113 points. we're coming right back. ♪ ♪ trelegy for copd. ♪birds flyin' high, you know how i feel.♪ ♪breeze driftin' on by...♪ ♪...you know how i feel.♪ you don't have to take... [coughing] ...copd sitting down. ♪it's a new dawn,...♪ ♪...it's a new day,♪ it's time to make a stand. ♪and i'm feelin' good.♪ start a new day with trelegy. no once-daily copd... ...medicine has the power to treat copd... ...in as many ways as trelegy. with three medicines in one

tesla. the electric vehicle maker's stock dropped to the lowest since november 2020. that was yesterday. beijing returned to lockdowns, but in production and sales at risk. tesla initiated a recall of more than 300,000 cars due to faulty taillights. tom: elon musk has laid off more twitter workers from the sale side of the business, further trimming a cap diminished by cuts and resignations. let's bring in bloomberg intelligence with what is happening around the twitter story and how the tesla impact is overflowing. backup a bit and get us up to speed on what is happening with twitter. does he have the staff to drive things forward? where's the company now? >> it is a big question. they cut 50% of the staff last week. i think evermore resignations over the weekend and more terminations sunday as he tries to balance out the organization. it's a bit of a black hole right now. the server still seems to be functioning. when you see such a rapid drop in engineering staff, there is bound to be que

let's take a look at tesla tesla hit a new 52-week low today. that is still a gigantic stock tesla is underperforming the qs year to date it's down 45%. the qs are now down only 31% you have to understand tesla hitting a low like that from october 1st, the start of the fourth quarter through today, this stock is down 27% the qs are only down 2%. so what's happening is that a lot of money that's been parked in these massive stocks, amazon, alphabet, all these names are hitting 52-week lows it's not that the fundamentals are shifting so quickly, it's that the trade has moved and the benefit of that is it gets better. the highs list can start to expand the 90 days highs list can start to expand, and you're seeing performance in energy, materials, industrials look great. it might be frustrating for people that are watching the pure index, but for investors with stocks it's not frustrating. it's actually very healthy and the most important determinant of whether or not that continues is if we can keep a lid on the dollar index. that's it. that's all

another one is tesla. tesla as you see is actually trading higher today, but some investors who seem to think maybe these protesters will have some impact, they will have an effect, and they might lead to a faster reopening if anything in china. again, we'll see. and, some chinese stocks that are also holding their own today come from top one on the list, from the e-commerce arena had very strong earnings, and revenue, so that helps that stock. baid was lower but the adrs traded, so i would say early days, liz, in a story that stakes sometime to unfold, the overall market reaction been negative but look at the examples we both have given here you could tell people don't know what to make of this yet, and we're also seeing somewhat mixed reaction in other ways to these protests in china. liz: but i'm sure you would agree. apple has to make good on something here, because the conditions under which these people are working are very onerous and it seems like they are going to be in the crosshairs over this. >

he is testifying in a lawsuit on tesla compensation. details to follow, this is bloomberg. ♪ alix: stocks down, government retail numbers coming in strong. still up for big tech. apple -- abigail doolittle tracking those. abigail: the stock is down on the year. still in a bear market. background is down on the year now about 36%. they got into the downside saying they are cutting that d ramp. more server computer base, that has to do with iphones, portable electronics. concern for the entire space weathered supply chain demand we don't know entirely but we do know investors are not liking the space. of course target is having a very rough day, a target down about 12% off of its lows. they of course put up a miserable corridor. the outlook not great and this is weighing on some other names here as consumer -- investors concerned there is a demand issue with consumers at least relative to discretionary. yesterday walmart did very well. it seems there lower prices are attracting all kinds of buyers. this is perhaps not a great sign. we a

tesla under pressure as elon musk's focus is on twitter, not tesla. that stock has been under pressure. there was some spill from what micron had to say to the rest of the chip sector as well. caroline: nvidia just reported, and revenue was a beat, but that comes out -- after really concerning news out of micron that sent shockwaves through the chip sector as it expects a slowdown in demand. debbie wu joins us now from bloomberg. with nvidia, they beat, but it was a drop in revenue. had market analysts lowered their guidance so far they managed to overcome those low hurdles? debbie: we have mixed news today from nvidia and micron. the demand for pc's is still ongoing, but this is partly reflected in the demand for processors, somewhat weak. nvidia did say demand for data center products are propping up sales, so while it's revenue has not declined year-over-year, it does still beat analyst estimates. ed: china is a big part of this story, the hit from u.s. export curbs. there were bright spots in the earnings. what did they just say? debbie: the sales

you were just on "fast money," and you said sell tesla again. >> that's right. what i think i'll do is address that, and mike or dennis will jump in with an options trade. myself, sell calls or buy risk reversal as for the stock itself, think about bad it is if you have equities globally bouncing dramatically for the past four weeks and the top five or six stock in the planet has no bid i think you could fairly say the ceo is distracted. >> he's got a lot on his plate mike, so what would the trade be >> the viewer actually told us what the trade would be. concerned the a 10% decline, and if you hold the shares but you want to hang on to them you should be hedging them, and the bust way to do that would be to use a put spread you will collect something for that 10% out of the money put because implied volatility is high in tesla. >> all right, our next tweet asks northru grummon showing weakness is there opportunities for further downside >> there could be, but the options market is saying no. their pricing options, one of the few stocks out there where the impli

let's focus on tesla elon musk has been focused on twitter, tesla's stock has tumbled. down around 12% since musk took over as the head of twitter less than two weeks ago that's more than double the losses on the nasdaq 100, and a lawsuit scrutinizing musk's compensation package the suit alleging that the company set low bar targets as part of his 56 billion pay deal. not sure it's a thing that's moving it, but it is interesting that he's -- it's hard to tell where his folk just and if you look on twitter it's on twitter. >> right they are even -- they are calling these teams within twitter like the 24/7 team he's bringing engineers over from tesla and some of his other companies. i don't think that that's necessarily something where tesla is operating and outlook and -- and investment plan is at risk it's just one of those things. it seems like massive distraction. he's already sold a bunch of tesla shares the stock itself was topping along with a lot of big-cap growth stocks and takes the stocks back to where it was two years ago right before it got that huge ramp on

tesla was 25 do you hold, close or roll to january, mike? >> we obviously have been on a roller coaster here. i think that tesla will have a hard time really breaking out here i think also options premiums are extremely elevated, though so rather than rolling this to another long put spread i might roll it to a short call credit spread to the upside, probably short, maybe the 210 strike and pick something in there depending on what your risk tolerance is to how wide that's going to be. january might be a little long dated, though. i'd probably look out to december expiration. >> our next fan says this is about retail earnings next week i was looking for wal-mart not to change much after earnings and looking to buy the december 9th $14 call for cost of about 2 shares what do you make of this strategy the company reports earnings next week. >> i think he meant $2 per share. options are implying a 5% move after earnings last quarter we saw the stock move 5%. the quarter before we saw it go down 11, 12% i think there will be a move using calls t

you think that could happen to tesla. explain. >> looks, tesla's a great company with a great product, it has a visionary leader who's a cross between willy wonka meets walt disney and thomas edison -- [laughter] and they've had a lot of cheerleaders that are now getting carted away. we're finally beginning to witness the stock begin to break down, make new lows, and i think there's a fundamental shift coming. this company traded with an incredible scarcity premium as they were market leader, one with great electric cars, but now we're seeing every other automaker jump into the game, and there's so much more competition coming. you look at beyond meat which went public a few years ago at 25, traded up to 220 and is now around 13. i think we could even see a trade or tesla under $100 next year, and it's a pretty bold statement to say. but i know since they went public in 2010, most bears have gotten carted away and ended up in the graveyard, and i might be buried next to them in the months to come. but it seems like this i

eastern time coming up, tesla, why the ev maker could but in for some tough roads ahead. the chart master carter is the chart master carter is laying it ou personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change t nextyou trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. space. the boundary of human achievement. the new frontier. don' it's not time to escape. it's time to engage. it's time to plant more trees. hoo! ♪♪ time to build more trust. time to make more space for all of us. "fast money" is back in two. yeah, it's time to blaze our trail. 'cause the new frontier? it ain't rocket science. ♪♪ it'. ♪♪ just look around. this digital age we're living in, it's pretty unbelievable. problem is, not everyone's fully living in it. nobody should have to take a class or fill out a medical form on public wifi with a screen the size of your hand. home internet shouldn't be a luxury. everyone should have

>> exactly, china is tesla's most important market after the u.s. it recently updated its factory in shanghai to double capacity, about a million cars a year. last month it shifted 72,000 vehicles from that plant, a lot of supply going into the market at a time when consumer sentiment may not be as strong as it was and amid recession worries. that's one concern, another is this recall of 3000 cars due to faulty taillights in the u.s. over the weekend. fortunately, that was rectified via an over the air software update but not helping the stock in any way. it is down 52% this year, that puts it at levels not seen since november 2020. manus: the debate is to what extent do you have to discount elon musk's focus on twitter, and spacex, it is in the securities disclosure that he has other interests and that may distract him. is the elon discount coming to bite? >> that could be what you are seeing here. musk has certainly been preoccupied by her newly acquired social media platform, tweeting at all hours, leaving some to speculate that strategy may have

we also have a fake tesla account. even mr. musk was impersonated with this tweet, i regret to inform tesla owners that the batteries we contracted out might have a tiny bit of child labor involved. even though some of these impersonations were parody accounts, some of the fake accounts were less humorous as this user points out. this fake profile right here, reporting on the death of jimmy carter. we have the tweet here, the fake tweet from this imposter account claiming the carter center announces the death of jimmy carter, the 39th president of america. this account was quickly suspended after making this fake announcements. anchor: did a fake account really cost a pharma giant $16 billion? catalina: one of the most disruptive accounts that was impersonated, eli lilly, a fake account that falsely announced insulin was now free. if we compare handles from the real eli lilly company, you can see the twitter handle is lillypad. a very deceiving imposter. following the announcement, eli lilly was quick to disprove the announceme

begin with tesla. where do you stand? >> i've been vocal on tesla and love this stock. elon musk has been distracted and twitter has been a distraction and we're seeing that show up in the stock price. trading around $165. i think that's great support for this stock. if it trades below there around 150, i think you buy with both hands. we like tesla here, ashley, at these levels. ashley: very quickly, electronic hearts. >> ea. trading about 17 times forward earnings. this is a profitable company. about $2 billion in profits. we think this is an in. you could double your money on this over the next two years and a name lake that and tesla are two names to put work in at the lest levels. >> really good tips. we appreciate it. thank you so much, david. thanks for insight this morning. we appreciate it this morning. ashley: the news on twitter this morning is more layoffs but, lauren, these employees were committed to the new twitter? lauren: so it seems. i keep ising myself what would i do if i worked at twitter would i be one of the 2300 people that hit the button saying

you were just on "fast money," and you said sell tesla again. >> that's right. what i think i'll do is address that, and mike or dennis will jump in with an options trade. myself, sell calls or buy risk reversal as for the stock itself, think about bad it is if you hav equities globally bouncing dramatically for the past four weeks and the top five or six sock in terms of the planet has no bid i think you could fairly say the ceo is distracted. >> he's got a lot on his plate mike, so what would the trade be >> the viewer actually told us what the trade would be. concerned the a 10% decline, and if you hold the shares but you want to hang on to them you should be hedging them, and the best way is a put spread you will collect something for that 10% out of the money put because volatility is high in tesla. >> our next tweet, northrup grummon showing weakness is there opportunities for further downside >> there could be, but the options market is saying no. their pricing options, one of the few stock where is the implied volatility of the stocks is below they norma

i wanted to ask more about tesla. with more and more gas car companies like general motors and ford, how do you think that affects tesla? you think tesla has enough of a repetitive advantage? or do you think gm and ford well eventually rise up ? >> what a fantastic question. i think they well rise up . but not the timeframe that would disturb an investment and buying tesla. particularly if elon musk is done selling the tesla for his twitter acquisition. let's turn on oracle. >> had you think oracle purchasing -- is going to impact the company in the long term? in the stocks within the next 10 years? >> i love the acquisition. i think they can go after some of the best hospital groups that are currently almost all taken by a private company that i believe is a rebuttable. as far as i'm concerned it's a decent investment right here. now a question from spencer. to make a jim given the current push to renewable energy use in the u.s. what is your opinion on the best green sector to invest in today? go bulldogs. >> this i

you rarely see him tweeting about tesla, occasionally he will without that, if you're a tesla investor, you're waiting for that next catalyst and wondering when it comes. >> yeah, i'm sure tesla investors were happy to see he was tweeting about tesla again for a change thank you, phil lebeau >> exactly >> the focus is still there. peter, i just wanted to come to you finally on tech. because the market has recovered, as you summed it up really nicely on hopes for smaller rate hikes, potentially a pause in the rate hiking cycle, the fed kind of rethinking how they're going on the path and yet, technology has not really recovered that strongly as the overall market. i'm looking at grouped like information tech, communication services is there a buying opportunity there if you do expect the fed to change its tune in the coming months >> i'm still suspect going into next year. a lot of these tech companies certainly are solid, but i think the valuations just got so extreme over the last bunch of years that this sort of growth to value trade is not just a six-month, 12-month thing. it potent

tesla has recalled or than 350,000 cars and suvs. it all started friday when tesla recalled nearly 30,000 model x suvs because a front passenger airbag could deploy in an unintended configuration during low speed collision. saturday, more than 300,000 cars were recalled for a software problem that could turn off the taillights. the recall affects model y crossovers 2022-20 23 and model three is from 2023. the kid sibling of black friday and cyber monday is getting all grown up. small business saturday, snuggled in between its older sibling, is expected to bring out a huge number of shoppers. bankrate.com shows 59% of those surveyed plan to shop at small businesses on that day. that's more than those planning to shop on black friday. just behind those planning to shop cyber monday. the federal do not call registry is still going strong. the federal trade commission released its annual statistics today and they show over the last fiscal year, more than 2.5 million phone numbers were added to the list. that brings a total on the list to

we were talking about this yesterday, how much of tesla's valuation is not necessarily about how many orders there are, or how strong tesla's market positioning in ev is, it's about the belief that elon mus will be able to figure everything out and now, it's not clear he wil figure everything out. perhaps with twitter, the bran overall is being targeted? >> and as he figures out wha to do with twitter, he tweet less about tesla there's more to grab onto. we had this discussion yesterday, carl. and the fundamentals have no changed all that much for tesl over the last few months what is changed again is elo musk sort of leaning into th story and providing a narrativ for investors. however today, 6%, top gaine on the nasdaq 100. >> yes, interesting to watch jonas frame it not just as consumers may be hiring of the musk brand, not so much th tesla brand, but also the list it brings to governmen partnerships and certainly his relationships to say, capita markets, the >> speaking of china relationships there, in that country. meanwhile, hp not the only nam making headlines this morning, as

tesla is adding a controversial new feature to some of their cars, the ability to make zoom calls. now, zoom announced this week that tesla drivers will soon be able to make or take video calls directly from their dashboard screen. many auto manufacturers require that their cars be in park before any video functions can actually use. there's no word yet on whether that will be the case for tesla safety experts are obviously very worried about people conducting zoom meetings while they're driving. all right. well, live sports could be coming to netflix. deadline is reporting the streaming giant is looking into streaming sports like tennis and surfing netflix recently bit on the streaming rights for the atp tennis tour for some european countries. but eventually they dropped out. the sports world has been accelerating the shift to streaming over the past couple years with a major investments from amazon, apple, tv and peacock. still ahead of the kron, 4 morning news. it's a few days out from the election. some places like alameda county are still waiting for election results. >> we'r

oh, well tesla get a piece of the pie. oh, could jim and comic his build an electric vehicle that the pope wants to be seen in if you want more read, check out our youtube channel. if you want regular features about new cars and car culture and about mobility around the world, breath can make you very happy. vintage classics and future check or just some of the exciting content waiting for you. subscribe to us that you tube slash dw rep and you'll always be up to speed. it's finally there. then you all put astra. as you can tell, it doesn't have very much in common with its predecessor. and today we want to find out what is new and how will it match its competitors in that segment. and with that, welcome to laura jane. it's been called the astro since 1991. but the model actually launched in 1936 as the o. b, cadet the general driving impression in the new astro ease, really pleasant. it is extremely silent in here, especially for a compact car. the reason for that is that they have a lemonade, it front window, and the sid

somebody who wants to make a success of businesses, and he fought really hard to achieve that with tesla, which ultimately has made him the richest man on earth. he wants to make this a successful dime shi most people would see that. if this is his way of trying to do that, by giving -- getting rid of people he does not see is really committed and necessary to the business, i guess he is hoping to achieve that, isn't he? linette: i would say that half the company -- this is reflecting the fact that he does not have a lot of options, finaially. twitter did not make money before he took over, so now, it only has to make money -- it has to make enough money to pay down $1 billion in debt every single year. so elon is not making a lot of these decisions -- i mean, i'm sure he has an idea of how it should be run and stuff like that, but henows that the company is hemorrhaging money, and he knew that he would have to cut overhead. so it is not surprising that he has made some serious, serio mistakes. samantha: how worried do you thinhe is by taking this on, when he has two other big businesses

yes and see your point with tesla. elon musk . your point with tesla. elon musk knows these are the rules. right? he knows these are the rules. right? he knows that at least someone in his sarcasm buys in them. is he going ahead and doing it because he doesn't care? because people won't want the stress of c is suing or he doesn't care about the pr ramifications, or that doesn't care about the pr ramifications, orthat side doesn't care about the pr ramifications, or that side of it? for start you'll not find many companies who don't care the pr ramifications stop unfortunately aeon musk is not fitting in that mode and doesn't care about the negative press that is on the international stage. additionally, when ou international stage. additionally, when you are _ international stage. additionally, when you are one _ international stage. additionally, when you are one of— international stage. additionally, when you are one of the - international stage. additionally, when you are one of the richest i international stage. additionally, . when you are one of

december 200/150 put spread when tesla was 205. do you hold, close or roll to january, mike? >> we obviously have been on a roller coaster here. i think that tesla will have a hard time really breaking out here i think also options premiums are elevated so rather than rolling this to another long put spread i might roll it to a short call credit spread to the upside, probably short, maybe the 210 strike and pick something in there depending on what your risk tolerance is to how wide that's going to be. january might be long. >> our next fan says this is about retail earnings next week looking for walmart not to change much after earnings and looking to buy the december 9 $145 call for a cost of about 2 shares what do you make of this strategy the company reports earnings next week. >> i think he meant $2 per share. options are implying a 5% move after earnings last quarter we saw the stock move 5%. the quarter before we saw it go down 11, 12% i think there will be a move using calls to play it mitigates your risk. i like owning a c

show me tesla. down this morning, i believe. is this also because of what's going on in china? >> yes, absolutely, because tesla's main chinese factory close to shanghai which as you know has seen the most anti- lockdown protests so far. there's more disruption in that particular area, and tesla has used that shanghai factory that china factory, not only to supply the chinese market but also to export to europe as well until giga-berlin ramps up which won't happen until maybe closer to the middle of next year and also note that you had 80,000 cars being recalled in china last week and that means that you have tesla still trading close to those two-year lows and tesla shareholders that are stuck with elon musk throughout the entire twitter takeover, you know, they are getting a little trust rated frustrated. ashley: let's take a look at disney of course in the news a lot, newly-reinstated ceo bob iger already facing issues. >> it's so interesting, because i just read bob iger's autobiography over thanksgiving and it's pretty much the same issues from 2005 now in 2023 so remember

it's he did at his other company, tesla. it's a _ he did at his other company, tesla. it's a bit _ he did at his other company, tesla. it's a bit of— he did at his other company, tesla. it's a bit of a — he did at his other company, tesla. it's a bit of a debate raging at the moment — it's a bit of a debate raging at the moment. we've all got used to working — moment. we've all got used to working from home during the pandemic. we've all got loose to zooming — pandemic. we've all got loose to zooming into business meetings —— use to _ zooming into business meetings —— use to there — zooming into business meetings —— use to. there are some who want to id use to. there are some who want to go back— use to. there are some who want to go back to _ use to. there are some who want to go back to the office. they were really _ go back to the office. they were really interesting stats today, saying there more ever on long-term — today, saying there more ever on long—term sick. a lot of those are down _ long—term sick. a lot of those are down to— long—term si

this is going to be a big catalyst for tesla's growth. the actual growth of sales hasn't slowed down but there isn't a story right now. i think that plays into why a lot of investors are saying do i need to own this right now >> speaking of companies that are making big moves, or stocks are making big moves lordstown, the injection by fox con in terms of investment, expectation we're going to see more of these investments, more consolidation in the ev space? >> we will see more consolidation. there is no doubt about that look at arival out of the uk ev commercial vehicle maker. it said today, it issued a going concern warning. these guys are not turning a rauf profit yet we have been through this before you're not turning a profit and we slide into a recession, that's when you start to see companies go belly up or conso consolidate. >> at some point it actually becomes important to generate real cash flow phil, thanks for a rundown of all those different names. continue to focus in part on that loss of market cap in tesla. that's going to

tesla. >> and i just rammed my car into a building. on auto pilot. things that would embarrass musk and things that quite frankly not to be pretty smart on the platform to see that are fake. you got to look at it a little bit more. certainly more than we've been used to this this world of scrolling that we live in. it's made the platform a lot more messy. but even from the back end, you know, sources are telling me that things are getting buggier. obviously, you fire half the staff, you get rid of safety protocols, you get rid of all of the things that kind of, all of the people who had institutional knowledge, and things start to break down on the platform. on the back end. and then when those problems start to compile, you'll start to see it more on the front end as users. >> a butch of -- a bunch of firings and resignations and if you're looking at your account, should you identify your phone number or identifying stuff that you think is private, that i don't know, if there is nobody running the privacy center at twitter anylonger,