'Uh Oh' — Musk Reacts As Jim Cramer Calls Tesla One Of The 'Greatest Investments Of All Time'
Portfolio Pulse from Anan Ashraf
CNBC Mad Money host Jim Cramer has termed Tesla Inc (TSLA) and Netflix Inc (NFLX) as the greatest investments of all time. This comes after both companies reported their Q2 earnings. However, both stocks closed down on Thursday, with Tesla shares falling 9.7% and Netflix down 8.4%. Tesla's stock dipped after the earnings call due to lack of a clear timeline for the delivery of its upcoming Cybertruck and a warning that production will slow down in Q3.
July 21, 2023 | 10:08 am
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NEGATIVE IMPACT
Netflix's stock fell 8.4% after the company's Q2 earnings report.
The drop in Netflix's stock price is likely due to the company's Q2 earnings report, which may have disappointed investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Tesla's stock fell 9.7% after the company's Q2 earnings call. The company failed to provide a clear timeline for the delivery of its upcoming Cybertruck and warned of a slowdown in production in Q3.
The lack of a clear timeline for the delivery of the Cybertruck and the warning of a slowdown in production in Q3 are likely to have negatively impacted investor sentiment, leading to the drop in Tesla's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100