00:00 Speaker A
Let’s hit that, uh, timer clock on my stock of the day. I’m going back to the Tesla well. Why? One, because I can, and two, I should because this route is getting really bad in Tesla. I got three reasons why this is actually getting worse. Number one, Wall Street is really, really, really, really, really starting to hate Tesla stock. Mizuho, out, uh, this week, cutting its delivery estimates on Tesla, not only for this year, but for next year. The analyst in this case citing a deterioration in geopolitics, in other words, Elon Musk involvement with the Trump administration, potentially hurting demand for Tesla vehicles. Wall Street has really started to sound the alarm bell on Tesla’s deliveries, something to continue to watch. Wall Street is really starting to hate this stock. Number two, and this ties into the analyst downgrade, weak demand, or signs of weak demand continues. China, uh, reportedly getting 0% APR on Model Ys from Tesla, uh, something to watch moving forward. Last but not least, got to give a shout-out to my former colleague at Yahoo Finance, Matt Zan, now at ABC, uh, writing a story about Tesla insider shares selling $100 million worth of stock since February. Uh, you can go onto the Yahoo Finance platform and check out this data. Uh, most of those insider sales are coming from Kimball Musk, Elon’s brother, James Murdoch, and Robin Denholm. So, insider selling hurting Tesla stock, and I am way, way out of time, but I had to get these three things in.