LLY Jun 2024 790.000 call

June consumer sentiment disappoints, Tesla short-selling: Catalysts

On today's episode of Catalysts, co-hosts Seana Smith and Madison Mills dissect key economic data, the latest developments surrounding Tesla (TSLA), and check in on some of the day's top trending stocks. Kicking off the hour, the June Consumer Sentiment report fell to its lowest level since November, raising concerns about the economic landscape. To shed light on the market implications, Research Affiliates Founder and Chairman Rob Arnott joins to discussion, sharing his perspective on the market outlook after a hefty week of data. The show then shifts to the stock reactions of prominent companies such as Boeing (BA), GameStop (GME), and automaker Stellantis (STLA). Notably, Stellantis' decision to minimize electric vehicle production in China is explored. Finally, Tesla takes center stage with a focus on Elon Musk's recently approved $56 billion pay package. Canaccord Genuity Managing Director George Gianarikas joins the discussion, providing insights into the implications of this historic compensation plan for the company's future. Bireme Capital Founder and Chief Investment Officer Evan Tindell offers his perspective on the potential concerns surrounding short-sellers and their impact on Tesla's stock performance. This post was written by Angel Smith