特斯拉Q3交付超预期，核心业务仍处停滞期

Let's continue the conversation on Tesla. We're joined now by Craig Trudell, Bloomberg managing editor for global business coverage. So they rally after better than expected deliveries, but I thought this wasn't a car company. I thought we didn't care about how many cars they sold. Do we? Don't we? It's hard to tell sometimes. I I do think, to your point, this is a a much better number than was expected. It's the second quarter in a row, after kind of a crummy start to the year for them.

It it is still a company that's in a bit of a holding pattern in terms of its its core business with, car sales because, you know, for for a few years now, we've had... You know, when they have their their best quarters, they're just shy of 500,000 units. That's right where we are now. This is still a a company that has gone from, being, you know, one known for for growth to, being in a bit of a a a stasis, with kind of a stale lineup.

The Model three and Model y are are, you know, kind of the only game in town. The Cybertruck has been a big disappointment. There's not a whole lot changing to that narrative, but maybe some relief here after what's been kind of a disappointing, year, you know, for for the shares, coming into today. A year ago, at this time, there was something of a backlash against Tesla because of Elon Musk's role in cutting all the government jobs, etcetera, etcetera.

Has customers moved beyond that? I think it's probably helped that Elon's, you know, removed himself, from Washington at least to a degree. We do still see him, with president Trump, quite a bit, but he's not, kinda slashing his burning his way... Slashing and burning his way through DC. He he also, I I think, you know, has benefited from, you know, some some pullback by some of his competitors in the electric vehicle segment here in The US where a year ago, we had, you know, a a quite strong quarter for EV demand because everybody was trying to take advantage of the tax credits before they went away.

And and so, you know, we've we've seen, I think, especially in Detroit, Ford and GM, and Stellantis, you know, them really rethink some of their EV programs, and that's maybe left, more of an opening for Tesla even as we've seen the overall, EV market in US contract as a result of that pullback of of support. Both in hindsight, given where oil prices are heading and have been for some time, do you think there's any amount of regret that maybe they didn't hold on to slightly more of their EV programs?

Is there any more demand coming for consumers just considering where the price of oil is? I don't think we're seeing a substantial change in terms of, battery electric vehicle demand in The US. But in terms of, electrified, in in terms of hybrid, I think we're seeing, you know, Toyota and Hyundai in particular, really take advantage of people, you know, maybe not being ready to fully, you know, go all electric, but at least, you know, buy a a more efficient vehicle considering just how pricey things are now at the pump.