In today’s pre-mkt summary for Subscribers: $NVDA massive beat and raise signals the AI boom is just getting started; While up +104% YTD, $NVDA still looks cheap at just 36x CY2024 EPS; $TSLA brand reputation slips again in new 2024 Axios Harris 100 poll.

The biggest threat facing $TSLA stock is an internal risk: more price cuts. TSLA’s price cuts over the past 18 months have reduced TSLA FY’24 earnings power by 48% - from $4.82 to $2.53. It’s as if TSLA’s marketing team has no other levers (e.g. comms to convince ICE owners why

$NVDA +3% AH after 1Q beat, solid 2Q rev guide, and 10:1 stock split.

1Q:
- Rev $26.0B vs $24.6B est
- Adj EPS $6.12 vs $5.59 est

2Q:
- Rev $28.0B vs $26.6B est

10:1 stock split

We expect $TSLA to continue to trade in its recent $150-$200 range, with weak fundamentals (falling 2Q and FY’24 delivs and earnings ests) offset by continued optimism that Elon’s 2018 comp plan will easily win approval at the June 13 annual meeting, and excitement associated

$TSLA China reported 13.8K insurance registrations for the week of May 13 to 19. After 7 weeks, $TSLA 2Q is +16% QoQ and -7% YoY. Sources: Roland Pircher, Tsla Chan

In today’s pre-mkt summary for Subscribers: Equities hold near all time highs as traders bet on Fed pivot to lower rates this year; oil prices stable after death of Iranian President Raisi in helicopter crash; all eyes on $NVDA earnings Wed after the close; more good $TSLA

We are long $TSLA and have a strong continuing research interest.

Grow up - this isn’t a forum for $TSLA cheerleaders.

No one disagrees that fully autonomous vehicles are the future of the auto industry. The debate has always been whether there will be 1 auto maker ( $tsla) that solves general autonomy, or 10 or 20. $BIDU already has 500 robotaxis in service, 50% which drive fully autonomously,

All eyes now turn to $NVDA earnings next week. Whisper # for 2Q Rev guide is $28-$30B.

$TSLA on the other hand, continues to make great strides in FSD and autonomous driving, but earnings estimates keep falling because of price cuts and now ironically falling delivery estimates (usually price cuts increase volumes). The next major catalyst is the June 13th annual

In the past week, $GME tripled from $18 to $54 after Roaring Kitty emerged from a 3-year hibernation, and then lost -60% of its value and pre-announced poor 1Q results and a 15% ATM equity raise.

You can’t mistake this stuff up.