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Financial analyst Kevin Paffrath criticized Elon Musk's comments on Tesla's recent earnings call. AdvertisementAdvertisementIt's now clear that Tesla's third-quarter earnings call on Wednesday didn't exactly go as expected. CEO Elon Musk acted like "a little baby," financial analyst and YouTuber Kevin Paffrath recently told Yahoo Finance. He also described the call as "terrible" and said Musk was "almost in tears" at one point. Kevin Paffrath hit out at Elon Musk's comments on the Tesla earnings call.
Persons: Kevin Paffrath, Elon Musk's, Musk, , Elon Musk, Paffrath, Kevin, Tesla's, Tesla, who's, YouTube Tesla, Dan Ives Organizations: EV, Service, Yahoo Finance, Kevin YouTube, Elon, YouTube, Wedbush Securities Locations: Mexico
In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTA Tesla Model 3 with opened doors stands in the showroom. But there's one thing Black has had on his mind lately: That Tesla is wasting money on price cuts to keep growth rates high. At the same time, the major price cuts continue as Musk's primary strategy to drum up more interest in Teslas. Overall, the price cuts over the past year have shaved revenue by much more, Ives estimated. In effect, Black argues that Tesla price cuts are a de facto marketing expense, saying Tesla's share losses among EVs by Tesla this year suggest price cuts alone aren't working.
Persons: Gary Black, Tesla, Elon, Musk, didn't, Kevin Paffrath, we'll, they'd, Dan Ives, Black, EVs, Ives, Allen Weiss Organizations: Tesla, Getty, CNBC, @TroyTeslike, Netflix, Cox Automotive, Teslas, Tesla's, Newsday Locations: Chicago, California, U.S, Tesla's U.S, Smithtown , New York
In a market where passive investing often holds sway, a select few actively managed ETFs have well outperformed their respective benchmarks this year. The following 15 exchange-traded funds across various sectors worldwide have posted returns exceeding their benchmarks by more than 15 percentage points over the year to date, despite the uncertainty hovering over global financial markets. South Korean asset manager Timefolio's Carbon Neutral Active ETF delivered the biggest alpha (the difference between the benchmark and the fund's total returns). The fund is up 81% this year and has beaten the broader MSCI Korea IMI index by 59 percentage points, according to Factset data. The fund is up 63% this year in total returns and has beaten the benchmark MSCI USA IMI index by more than 44 percentage points over the same period.
Persons: FactSet, Kevin Paffrath, who's Organizations: CNBC Pro, Timefolio's, Korea IMI, CNBC Locations: Korean, Korea
Elon Musk said last week that the company will begin advertising for the first time in its history. The electric carmaker rolled out a 2-minute Twitter video on its Tesla Asia account called "Drive to believe." Last week, Musk called the Tesla promotions on Twitter "preaching to the choir." Musk told CNBC's David Faber later that day that he'd only just made the decision at the event. Musk told CNBC that he hopes to use ads to combat what he said was misinformation about the brand's pricing, as well as promote its safety features.
Elon Musk said during a shareholder meeting that Tesla will "try out" advertising for the first time. Elon Musk said Tesla will begin advertising for the first time in its history. Musk's announcement at the Tesla event was met with cheers from the crowd at the event. Musk told Faber he'd only just decided to try out advertising during the Tesla event. Musk did not specify where Tesla will begin advertising its products.
Kevin Paffrath and his spouse Lauren Paffrath leveraged their first home to buy additional property. They bought houses that were below market value and fixed them up. Kevin Paffrath was nervous about purchasing his first property. In an interview with Insider, Kevin, who's running for governor in California, broke down the key steps they took that helped them qualify for the next property purchase. His biggest advice for beginners is to buy property under market value.
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