Elon Musk Calls for Patience from Tesla Investors, LVMH China Sales Fall | The Opening Trade 07/24

Elon Musk calls for investor patience after Tesla misses profit estimates for a fourth straight quarter. While Alphabet's CEO also asks investors to wait longer for results from AI investments. Deutsche Bank suffers its first quarterly loss in 4 years as it books a charge related to Postbank. Meanwhile Santander raises its revenue guidance. We'll hear from the CFOs of both lenders. Growth slows at LVMH. China's luxury slump hits sales of expensive fashion and booze. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.

00:00:00 - Intro
00:01:11 - The Agenda: Tesla Slumps, China Sales Effect LMVH Earnings, European Banks
00:17:01 - EFG International CEO Speaks, BNP Paribas CFO Cautiously Optimistic on EuroZone
00:24:02 - Banco Santander CFO Canter Speaks on Earnings
00:35:14 - Tesla Launches RoboTaxi October 10
00:46:17 - European Market Open
01:08:37 - LVMH tumbled 6.5% after China Sales plummeted
01:12:14 - Deutsche Bank's CFO Von Moltke on Earnings
01:30:17 - General Electric CEO Speaks
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[HolloMatlala]

I still trust Elon's "Patience" statement, 🤔🤔🤔🤔

[LupeBaptista]

With around $120k invested in Tesla stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.

[fordaysafterxmas]

Musk’s comment on IRA, it might hurt others more but others are trading at 5x PE and Tesla is trading at 100x PE

[jerrypolverino]

The shorts figured out Musk was stupid to expose his radical cult politics. I canceled my Model 3 order out of disgust.