Bloomberg Technology
Tesla Recall Not a Concern, Analyst Dan Ives Says
Wedbush Securities Senior Equity Research Analyst Dan Ives says Tesla’s recall of some 475,000 cars in the U.S. is not a cause for concern. He speaks on “Quicktake Stock.” Ives and his family do not own shares of Tesla. Wedbush makes a market in the securities of Tesla.
Bloomberg Technology
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P2Feener 305
December 30, 2021 at 6:44 pm
🤣😂 no concern….man who runs this country adults or children ?
the SURE
December 30, 2021 at 6:48 pm
“Biggest Recalls in 2019
3.5 Million 2014-18 Cadillac, Chevrolet and GMC SUVs and Pickup Trucks. …
1.3 Million Subaru Cars and SUVs. …
1.2 Million Nissan and Infiniti Cars, Trucks, SUVs and Vans. …
1.2 Million Ford Explorers. …
928,000 Toyota, Scion and Lexus Cars, Minivans, SUVs and Pickup Trucks.”
the SURE
December 30, 2021 at 6:49 pm
gm, nissan, subaru and ford stocks are up even after 2019’s “disastrous recalls”
the SURE
December 30, 2021 at 6:50 pm
“some of the biggest car recalls we’ve had in 2021.
10. Hyundai Kona – Battery Fires. …
9 Kia Sportage & Kia Cadenza – Fire Risk. …
8 Ford F-150 – Faulty Seatbelt. …
7 Ram HD 6.7-Liter Cummins Turbo Diesel – Fire Risk. …
6 Chevy Silverado / GMC Sierra – Faulty Airbags. …
5 Ford Explorer – Cross-Axis Ball Joint Seizing…………..”
the SURE
December 30, 2021 at 6:53 pm
If your money=mouth you could profit off your knowledge. Why won’t you short TSLA? CHKNSHXT!?
Corey Tate
December 30, 2021 at 7:03 pm
The Dan Ives drinking game: drink every time you hear the phrases “massive shift” and “super cycle.” Love this guy.
David Borg
December 31, 2021 at 1:55 am
+ ‘Green tidal wave’
Corey Tate
January 1, 2022 at 3:56 am
@David Borg “drink”
David Borg
January 1, 2022 at 2:07 pm
@Corey Tate Dan Ives is the man
The Electric Man
December 30, 2021 at 7:31 pm
i think the recall is a concern and will have a negative impact on the stock in the short term
DaNewWaveLee
December 30, 2021 at 8:51 pm
most definitely. unless they post really good numbers at the earnings call.
J T
December 31, 2021 at 6:01 am
It certainly shouldn’t be a concern. Impact only for people that don’t understand things.
Recalls happen all the time. 2020 saw almost 800 in just that year.
Major recalls can impact things. Minor recalls shouldn’t; not for anyone who understands the industry.
smr144
December 30, 2021 at 7:52 pm
For some reason Dan Ives and Tom Lee make me optimistic about the future… 😆
Sigmundy Freud
December 30, 2021 at 8:39 pm
LOL AND WHAT ABOUT FRENCH TESLA TAXI CRASH ???????? TESLA IS THE BIGGEST SCAM IN MARKET HISTORY THIS SCAM WAS FUELED WITH US PUBLIC MONEY …
TheLastMoccasin
December 30, 2021 at 8:39 pm
GM either goes bankrupt or gets a bailout before 2027. Sorry, Dan, I disagree with your view on their future looking bright. They have already resorted to outright lying about being the “leader” while selling ZERO EVs.
Mika Filtenborg
December 30, 2021 at 9:18 pm
GM bankrupt before 2030.
Mark Plott
December 30, 2021 at 11:00 pm
– gm goes to ZERO $ in 2022.
Eye of Saurona
December 30, 2021 at 9:32 pm
Noting about Pelosi … Good video content though. About waste of money
Merovingian
December 31, 2021 at 1:00 am
I fear having an accident in my Tesla as these guys will turn it into an international news story.
Jorge Guerra
December 31, 2021 at 4:41 pm
Hahaha. This is a great comment 😂
Whynotstart usingyourbrain
December 31, 2021 at 1:01 am
GM against Tesla is like a normal person with weights around their foot against Usain Bolt. See where the Bolt is in that analogy 😂
Mr. Sivilla
December 31, 2021 at 1:05 am
Yes, but Tesla is Bolt, right?
Merovingian
December 31, 2021 at 1:02 am
They’ll embraces EVs from China. Tesla they hate because it’s made in America.
LiteStuff LLC
December 31, 2021 at 1:04 am
FUNY not a concern between these and the GM Bolt you have to be concerned about the entire Lithium ion EV industry. Their future doesn’t seem very bright unless you mean fires. 475,000 cars is roughly half the cars that Tesla ever made; even if the fix is only $500 parts time and labor your talking 275 MILLION to fix them and it probably is a higher cost. Between this and the failure to get the 4680 cell going on time – Tesla has to be feeling the heat.
J T
December 31, 2021 at 6:06 am
More like a quarter vs half. No reason this is a “huge” problem as stated. More likely one of the many minor recalls that happen in the auto industry every year (there are multiple hundreds a year).
LiteStuff LLC
December 31, 2021 at 7:59 am
@J T They had an earlier recall in China also for 240,000 cars so the total recalled close to 715,000, They just reached a million cars about mid summer maybe they made another 400,000 max – thats 1.4 million of which about half have been recalled – That would not be a big deal if they had a huge support network like GM or Ford or Toyota; but they don’t that makes this a major problem.
J T
December 31, 2021 at 3:00 pm
@LiteStuff LLC You’re making suppositions and stating them as facts. Could it take a while to perform these changes? Sure. Will it? Not yet known. Will it be a “huge issue”? Given the nature of this recall, highly unlikely, but we’ll see (it isn’t like wheels are falling off; this is an ‘over time, w/ extended use, a camera might stop feeding info).
Mr. Sivilla
December 31, 2021 at 1:04 am
Only 1% of Model 3s recalled will have the defect. That’s less than 4000 cars.
LiteStuff LLC
December 31, 2021 at 1:14 am
This is a huge problem. Tesla has a inadequate support network already, repairs are backed up for months already. If this were a 30 minute repair maybe an hour for mobile repair – you are talking 200 million hours of tech work to fix them. If half the owners book this repair, they will be backed up for years. This will be a problem; a major problem that will at best require Tesla to hire hundreds of new employees; at worst it will impact credibility long term.
LiteStuff LLC
December 31, 2021 at 1:16 am
excuse the million there – 200,000 hours at what ever rate and the parts.
Fernando Sousa
December 31, 2021 at 4:18 am
GM and Tesla are two words that should never be used in the same sentence.
It is truly mind boggling the gymnastics Bloomberg, CNBC and the whole mainstream media go through to wedge GM into any EV conversation. GM has NO EV’s available on the market today.NONE, zero, nada, zilch. They are of no relevance in the EV space.All one has to do is to take a look at their balance sheets to know that this is a failed company being kept afloat by an amazing PR job ( AKA lies and plain old bullshit, from Biden on down the line ). It is no wonder Mary Barra praised Trevor Milton back when they “partnered” with Nikola. Had Milton not been busted, he could very well be a fierce contender for the job of CEO at GM.
J T
December 31, 2021 at 6:09 am
Of course it isn’t a concern for investors. There are hundreds and hundreds of recalls per year in the auto industry. Almost 800 in the U.S. last year. Recalls happen; clearly. Has no bearing on Tesla’s fundamental areas. Not a concern.
LiteStuff LLC
December 31, 2021 at 8:03 am
Elon said the price was high short term at 600 ; this won’t help that evaluation.
Luv1234
December 31, 2021 at 1:05 pm
Not a concern because I invested and if you little people stop buying, rich people will not be more rich. Fuck off
LiteStuff LLC
December 31, 2021 at 5:05 pm
JT Yes it will take a “while” I estimated the hours required on very minimum estimate of time; it will certainly actually take more time; not counting the waste of he customers time. Once you have a low estimate of the hours you can multiply that by with a low cost of workers and that doesn’t even include the cost of the parts required for the repair. It doesn’t matter at all if the repair is critical; the fact they have to do it when they have inadequate support to start is the major problem; this will back up collision repairs and more important warranty repairs and so on which are already months behind. Insurance companies are already being forced to junk perfectly repairable Tesla’s because of the long delays involved and the cost of providing a rental now is very high – this will mean increased Tesla insurance rates which are already very high.
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