Episode 233: Today, Ann dives into Tesla’s earnings and explains why one analyst comment has piqued her curiosity about a potential Tesla–SpaceX merger. Then, we spin through market headlines, including earnings from Alphabet, Comcast and Harley-Davidson, as well as Taco Bell’s bid to win back customers. Finally, we answer a listener question and delve into Steel Dynamics – the modern steelmaker that’s betting aluminum will be its next frontier for growth. www.brewmarkets.com Subscribe to the Brew Markets newsletter: https://www.morningbrew.com/brew-mark... Follow Brew Markets on social: Instagram: instagram.com/brewmarkets TikTok: tiktok.com/@brewmarkets X: x.com/brewmarkets Follow Ann Berry on social: Instagram: instagram.com/annberry_nyc X: x.com/AnnBerry_NYC Listen to Brew Markets Here: swap.fm/l/9Qk4z73Z2nEwFiCB4qee Watch Brew Markets Here:⁠ https://www.youtube.com/@BrewMarkets Stocks mentioned: $TSLA $SPCX $YUM $HOG $CMCSA $GOOG $STLD The content shared on this podcast is for informational and entertainment purposes only and should not be considered financial, legal, or investment advice. Brew Markets, Morning Brew and their hosts are not licensed financial advisors. Listeners should conduct their own research and consult with qualified professionals before making any financial decisions or investments. The views expressed are those of the hosts and guests and do not necessarily reflect the views of Morning Brew or its affiliates. This podcast may include paid endorsements or sponsorships Learn more about your ad choices. Visit megaphone.fm/adchoices

Tesla-SpaceX Merger? & Steel Dynamics Goes Aluminum

Brew Markets

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Alphabet, Google's parent company reported blowout earnings, but the stock is sinking. We explore investor concern over AI spend. Steel Dynamics, we answer one listener's question about the company that's forging metal and throwing off cash. And Tesla, my mixed earnings report moved the company even closer to a merger with SpaceX. We have the latest. For Thursday, July 23rd, it's Brew Markets Daily and I'm Ann Berry.

More market details to come. But first, Tesla. If there's one message from last night's earnings long awaited, it's that investors really do need to decide once and for all if they want to own this stock as a true AI bet. That's as the OG electric vehicle maker reported headline car sales that were pretty encouraging. Tesla delivered just over 480,000 vehicles during the quarter, comfortably beating Wall Street expectations

and marking its strongest delivery quarter since late last year. The sign that demand has stabilised, bringing a sigh of relief. Yet the share price has headed south as non-auto business drivers, pun intended, firmly take over the narrative. Research and development spend surgingly 50% from a year ago to around $2.4 billion, reflecting heavy investment in autonomous driving software, which does help that core auto business,

Tesla-SpaceX Merger? & Steel Dynamics Goes Aluminum

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Tesla-SpaceX Merger? & Steel Dynamics Goes Aluminum

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.