auto e v stocks tsla rivn poahy
Altair Club Cars Auto & E.V. Stocks: TSLA, RIVN, POAHY, GM

Auto & E.V. Stocks: TSLA, RIVN, POAHY, GM

“Tesla (TSLA) miss on sales delivery is not consequential. The TSLA stock price is driven by Twitter (TWTR) deal and fears that Musk will sell more if it goes through. Tesla models are still the best in show, performance, price analysis, and product line up. Rivian (RIVN) is on track to meet production levels and is considered the best electric vehicle truck on the market. Porsche (POAHY) recent IPO valued the company at the same level as parent Volkswagen (VW). General Motors (GM) electric vehicle’s are in pipeline if supply chain issues are resolved,” says Kevin Riley. “Auto sales are still held back by chip shortages. Inflation adds to the problem, but sales growth is still happening. Inventory is better than Fall 2021, but not by much. Supply issues result in high prices for used vehicles,” says David Whiston.

Ben lichtenstein for that report to trading 3, 60. thank you ben lichtenstein for that report , it is time now to focus on the automakers such a competitive , it is time now to focus on the automakers such a competitive space. so much news constantly and it’s our 3 60 round. kevin space. so much news constantly and it’s our 3 60 round. kevin reilly is with us managing partner

Exponential investment reilly is with us managing partner exponential investment partners and david wilson’s with us equity strategist, u. well we partners and david wilson’s with us equity strategist, u. well we did get tesla’s numbers right? those deliveries came in about did get tesla’s numbers right? those deliveries came in about 20,000 short, but it was a record

We’ve had analysts say 20,000 short, but it was a record we’ve had analysts say it’s just a bump in the road. others very worried. where do it’s just a bump in the road. others very worried. where do you stand on the tesla story, kevin well, i think the real you stand on the tesla story, kevin well, i think the real issue here is it was simply a delivery issue. they made

The issue here is it was simply a delivery issue. they made the models. they just couldn’t get them pushed out to the network, models. they just couldn’t get them pushed out to the network, and i think that’s just a minor bump in the road. i mean, and i think that’s just a minor bump in the road. i mean, they’re all story with tesla bump in the road. i mean, they’re all story

With tesla bump in the road. i mean, they’re all story with tesla here is, you know, there’s still best in show they’ve got four here is, you know, there’s still best in show they’ve got four models, and they’re clearly the best electric car producer in models, and they’re clearly the best electric car producer in the world. the stock is another matter. i mean, the stock is

The world. the stock is another matter. i mean, the stock is under pressure again today down almost 6% and that’s obviously under pressure again today down almost 6% and that’s obviously because you know, the fear is that must is going to have to because you know, the fear is that must is going to have to sell more tesla shares to fund the twitter acquisition, which sell more

Tesla shares to fund the twitter acquisition, which looks looks like it’s going through. i don’t know if that’s looks looks like it’s going through. i don’t know if that’s true or not, um, but it’s certainly an interesting true or not, um, but it’s certainly an interesting true or not, um, but it’s certainly an interesting opportunity on the stock. i certainly an interesting

Opportunity on the stock. i certainly an interesting opportunity on the stock. i mean, the stock hit a 30 r s i the other day, so it is very mean, the stock hit a 30 r s i the other day, so it is very oversold. so uh, we got strong support down around the two oversold. so uh, we got strong support down around the two tennis ring. challenge so this could be an interesting

Tennis ring. challenge so this could be an interesting tennis ring. challenge so this could be an interesting opportunity to get into the could be an interesting opportunity to get into the could be an interesting opportunity to get into the start. just this week alone. opportunity to get into the start. just this week alone. it’s down, almost 12% and start. just this week

Alone. it’s down, almost 12% and start. just this week alone. it’s down, almost 12% and sitting at a level of 2 32. so it’s down, almost 12% and sitting at a level of 2 32. so to your point, it really has sold off dramatically in just a to your point, it really has sold off dramatically in just a few days of this week. tell me, david, your thoughts on tesla in few days of

This week. tell me, david, your thoughts on tesla in particular and maybe broaden it out to the other names in the particular and maybe broaden it out to the other names in the group is testing all the leader and cavil the others. if tesla group is testing all the leader and cavil the others. if tesla is the leader catch up? yeah i’ll just put the slammer. i is the leader

Catch up? yeah i’ll just put the slammer. i covered tesla for seven years, but i no longer personally cover covered tesla for seven years, but i no longer personally cover it. it’s um obviously it’s the e b leader and tv sales in the u. it. it’s um obviously it’s the e b leader and tv sales in the u. s market share wiser about doubled this year. twos by two s market share

Wiser about doubled this year. twos by two thirds of that increases from the uh, model y a model three, thirds of that increases from the uh, model y a model three, so they still have tons of momentum and as kevin was so they still have tons of momentum and as kevin was so they still have tons of momentum and as kevin was saying, it’s like everything momentum and as kevin

Was saying, it’s like everything else. it’s a lot of supply issues and just can you make else. it’s a lot of supply issues and just can you make cars? um fast enough to meet demand, and the entire auto cars? um fast enough to meet demand, and the entire auto industry is struggling with that, which is not all sorts of industry is struggling with that, which is not all sorts

Of ramifications, all of which, of course, comes back to the chip ramifications, all of which, of course, comes back to the chip shortage. and now, of course, we’ve got higher interest rates shortage. and now, of course, we’ve got higher interest rates in the and a lot of fear of a recession, but auto sales in the and a lot of fear of a recession, but auto sales honestly

Have been in a severe recession. for quite a while now honestly have been in a severe recession. for quite a while now because of the chip shortage, so the industry is i’m not saying because of the chip shortage, so the industry is i’m not saying recession is good for the auto industry, but the industry has recession is good for the auto industry, but the industry has

Never been better positioned to go into recession, in my opinion never been better positioned to go into recession, in my opinion than it is right now. right understood. and kevin, you were than it is right now. right understood. and kevin, you were taking a look at some of the other names you were talking taking a look at some of the other names you were talking about

Gm and rivian and porsche. where do they stand in the about gm and rivian and porsche. where do they stand in the competition? well, gm’s got seven models now of electrics competition? well, gm’s got seven models now of electrics and the interesting advantage that gm has over the other and the interesting advantage that gm has over the other players is, it’s got all of

Their internal combustion engine players is, it’s got all of their internal combustion engine products that they can produce, and those are obviously, um, products that they can produce, and those are obviously, um, profitable vehicles for them. i don’t know what gms current profitable vehicles for them. i don’t know what gms current profit position is on on the electric

Models. i don’t know if profit position is on on the electric models. i don’t know if they’re actually making money on those things or not. but what they’re actually making money on those things or not. but what they have the tensile doesn’t have is they can make money and they have the tensile doesn’t have is they can make money and all their pickup trucks and whatnot

There gas powered trucks all their pickup trucks and whatnot there gas powered trucks where they make all the money at so they’ve got a really where they make all the money at so they’ve got a really where they make all the money at so they’ve got a really interesting future ahead of them so they’ve got a really interesting future ahead of them if they can, uh, you know,

Those electric models are anywhere if they can, uh, you know, those electric models are anywhere near as good as some of the tesla products are, they could near as good as some of the tesla products are, they could really have a strong future. and then on a few more, i mean, really have a strong future. and then on a few more, i mean, rivian just announced that they’re

Going to meet their rivian just announced that they’re going to meet their 25,000 unit production goal. i think it was yesterday, they 25,000 unit production goal. i think it was yesterday, they announced that so that was positive. um, that’s supposed to announced that so that was positive. um, that’s supposed to be one heck of a truck. what i understand and then on if

You be one heck of a truck. what i understand and then on if you can trade on the european markets, the porsche i p o was can trade on the european markets, the porsche i p o was very interesting recently think 760 or 58 or something like that. right now. we want to trade on the european markets. like that. right now. we want to trade on the european

Markets. that’s an interesting play there, too. yeah and before i that’s an interesting play there, too. yeah and before i let you go, kevin, just tell me so you would buy tesla here let you go, kevin, just tell me so you would buy tesla here today? you talked about all the interesting place but tesla just today? you talked about all the interesting place but tesla just

To be clear at 2 34. today you would buy it because you think to be clear at 2 34. today you would buy it because you think it’s headed where uh, i don’t know exactly where it’s headed. it’s headed where uh, i don’t know exactly where it’s headed. but i know where it probably yeah, i don’t think it’s going but i know where it probably yeah, i don’t think it’s going to go

Below like the two tennis level. so one of the things that to go below like the two tennis level. so one of the things that we do it exponential is well often times, uh, sell puts at we do it exponential is well often times, uh, sell puts at support levels and we would be selling puts at you know, 205 support levels and we would be selling puts at you know, 205 something

Like that. maybe november strikes collect a something like that. maybe november strikes collect a something like that. maybe november strikes collect a really nice premium on that, you november strikes collect a really nice premium on that, you know, get paid to wait. and if it goes to 2 10, you’re buying know, get paid to wait. and if it goes to 2 10, you’re buying tesla

At a great price. yeah i understand. understood and david tesla at a great price. yeah i understand. understood and david , what do you like right now? i mean, we’ve had guests on , what do you like right now? i mean, we’ve had guests on recently, like ross gerber. he was talking about b y d and pole recently, like ross gerber. he was talking about b y d and pole star. he

Had some other names on his list. to what do you like star. he had some other names on his list. to what do you like now, david? while not as sexy as the v s, but there’s a lot of now, david? while not as sexy as the v s, but there’s a lot of high quality so called legacy names that are quite attractive high quality so called legacy names that are quite attractive because

When the broader market sells off on fears of a because when the broader market sells off on fears of a because when the broader market sells off on fears of a recession that can create sells off on fears of a recession that can create sells off on fears of a recession that can create bargains from on anything from recession that can create bargains from on anything from

An e v name to a the multiple bargains from on anything from an e v name to a the multiple names like gm and ford, um, a couple other names that maybe names like gm and ford, um, a couple other names that maybe are a little bit off the radar screen for some people would be are a little bit off the radar screen for some people would be some smaller cap stuff, particularly

In the auto dealer some smaller cap stuff, particularly in the auto dealer space and also in the supplier space, carmax and gentex to very space and also in the supplier space, carmax and gentex to very high quality names that i cover . i like both a lot carmax just high quality names that i cover . i like both a lot carmax just got obliterated last week lost 25% in one day

Because of a very got obliterated last week lost 25% in one day because of a very poor quarter. this is all again tied to the chip shortage poor quarter. this is all again tied to the chip shortage because when you’ve got poor new vehicle sales that leads to because when you’ve got poor new vehicle sales that leads to lower used vehicle inventory and very high used vehicle

Demand, lower used vehicle inventory and very high used vehicle demand, which cause you vehicle prices to absolutely skyrocket. and which cause you vehicle prices to absolutely skyrocket. and there’s a huge affordability problem that will eventually all there’s a huge affordability problem that will eventually all on wine. and then when that happens, carmax is margin should

On wine. and then when that happens, carmax is margin should go up. they should get better scale even though they’re a sps go up. they should get better scale even though they’re a sps will go down there free cash that should go up and then will go down there free cash that should go up and then there’ll be a quarter where the market’s very surprised in the there’ll be a

Quarter where the market’s very surprised in the stock will go up quite a bit, and they also have a very stock will go up quite a bit, and they also have a very lucrative finance arm. yeah and they’ve had a lot of heavy lucrative finance arm. yeah and they’ve had a lot of heavy trading just recently to after a gap down on earnings, and so trading just recently to after a

Gap down on earnings, and so we’ll watch that one carmax, which three months i’m just i we’ll watch that one carmax, which three months i’m just i haven’t had that up. it’s up down about 30% year to date down haven’t had that up. it’s up down about 30% year to date down almost 50% and it’s at $66 today . it’s very nice to see you almost 50% and it’s at $66 today . it’s very

Nice to see you both. thank you very, very much . david weston, morningstar

Transcribed from video
Auto & E.V. Stocks: TSLA, RIVN, POAHY, GM By TD Ameritrade Network

Related Post