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The “Elon Musk Effect” sends electric vehicle stocks higher: CNBC After Hours

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CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, CNBC’s Phil LeBeau explains the “Elon Effect” — how investor enthusiasm for Tesla is spilling over into other electric vehicle stocks. Plus, CNBC’s Diana Olick breaks down the looming crisis facing millions of American renters as temporary bans on evictions are set to expire this month.

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The “Elon Musk Effect” sends electric vehicle stocks higher: CNBC After Hours

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37 Comments

37 Comments

  1. @SevenDeMagnus

    January 12, 2024 at 1:00 pm

    Elon Musk is a rare one among history's changers.

  2. @rickkowalchuk6391

    January 12, 2024 at 1:00 pm

    Elon had the courage to implement what David Suzuki and Steven Segal had been talking about for years with regard to the gasoline engine! Now everyone wants to imitate him.

  3. @joshuafrench7596

    January 12, 2024 at 1:00 pm

    The future of "Far share of taxes" please call on the US companies that are incorporating in foreign capital's to dodge the main bulk of taxes owed an in certain cases 100% of the bulk is dodged. When they dont pay the poor, middle class, small businesses ect. Make up for the loss that Corp. America, should be paying. Now VP Biden, wants to further play ring around the rosey with upping taxes and if he gets in promises to one day lower. Please get Corp. America, to pay their share.

  4. @Lionsgala

    January 12, 2024 at 1:00 pm

    Make sure you base it off of where you live at like for instance where I live at I got a small room $110 a week and the biggest one was like 160 a week but I live in Atlanta Georgia if you have a really big house with really big rooms put up a wall in the room to cut it into two rooms an charge 125 120 per room per week

  5. @Lionsgala

    January 12, 2024 at 1:00 pm

    Thank God I'm only renting a room inside of a house for all you people that are living in a big house by yourself and I are going to be evicted rent out the rooms

  6. @mijemumijemu4466

    January 12, 2024 at 1:00 pm

    I wish I could get a self driving telsa truck.

  7. @mysticnomad3577

    January 12, 2024 at 1:00 pm

    Electric cars.
    LMAO.
    I was in my nice warm gas powered SUV in Roger's Pass in Canada and an avalanche shut the road down and their was no area to turn around. This resulted in everyone waiting for about 8 hours to get the road cleared.
    A family in their Tesla ran their battery down just trying to keep warm.
    They had to abandon it as electric cars can't be trusted in an emergency or to keep you warm when its cold.
    They had to get it towed to Golden about 100 km because it ran out of battery power.
    They simply don't work in Canada and are more of a novelty for snobs.

  8. @xelefonte

    January 12, 2024 at 1:00 pm

    ITS ALL SPECULATION, NOTHING MORE.

  9. @mechajay3358

    January 12, 2024 at 1:00 pm

    There's a Nikola electric auto company?

  10. @ggrthemostgodless8713

    January 12, 2024 at 1:00 pm

    I can't wait for Will Ferrell to do Joe Biden o Saturday Night… that slack jaw pause after Biden says some mundane thing but he pauses because he thinks he just unveiled something amazing.
    It'll be amazing for comedians.

  11. @BC-iz8gt

    January 12, 2024 at 1:00 pm

    What does his private tax returns btw not in office of any kind have to do with running the country why because the left only wants dirt against trump thats all they are about

  12. @databass8858

    January 12, 2024 at 1:00 pm

    Cabale elon musk

  13. @Atite_Lometen

    January 12, 2024 at 1:00 pm

    "Elon Musk Effect" more like the .com bubble effect

  14. @fadilthefxtrader7667

    January 12, 2024 at 1:00 pm

    Unfortunately legacy automakers are walking into Tesla's trap.why beat someone in his game when you can match him with yours by adding range extenders(small engines) in the battery electric vehicles which is something Tesla will never do.something like that will be more efficient with all the concerns surrounding ev range.

  15. @johnpersaud5001

    January 12, 2024 at 1:00 pm

    CNBC is being paid to hate Elon an is company yet they cannot bring the man down the man keep rising above all the hate ,,CNBC never give any credit even their success they be little Elon but that’s ok the stock speaks for itself ,,,GM FORD is almost to failure no one is close

  16. @mercapto1396

    January 12, 2024 at 1:00 pm

    trust in elon increased because of SpaceX launch

  17. @InvestingwithKurt

    January 12, 2024 at 1:00 pm

    Tesla stock even though a roller coaster at times is great. I don't know of a better visionary than Elon Musk right now that. All the auto makers are scared of Elon 😊

  18. @Eternalwarpuppy

    January 12, 2024 at 1:00 pm

    If people get evicted because they can't pay their rent, will the apartment complex owners lower their rents to something affordable? If they do, what will happen when tenants of other apartments start threatening to cancel their lease and move if their apartment managers don't price match? Things are going to get interesting over the next few months.

  19. @exaucemayunga22

    January 12, 2024 at 1:00 pm

    Tesla to the moon

  20. @CHMichael

    January 12, 2024 at 1:00 pm

    Nicola is a scam and not ev

  21. @atb1040

    January 12, 2024 at 1:00 pm

    Less than 5% of Americans own a Tesla

    Think about that….the Tesla stock is pure hype and very little cash flow reality

  22. @atb1040

    January 12, 2024 at 1:00 pm

    Can't wait for that hype and fraud to come crashing back down to reality

  23. @GreenPartyHat

    January 12, 2024 at 1:00 pm

    Bet on Elon not Tesla.

  24. @JR-qk8kl

    January 12, 2024 at 1:00 pm

    One to look at is AMY.v. Not a EV manufacturer, but a patented EV battery recycler. Not a bad spec play.

  25. @135iN55

    January 12, 2024 at 1:00 pm

    Tesla needs to reduce the cost of new batteries. $75,000 for a new battery every five years is crazy.

  26. @135iN55

    January 12, 2024 at 1:00 pm

    All while Musk has to break the law to restart production to avoid bankruptcy.

  27. @alexharvey9721

    January 12, 2024 at 1:00 pm

    It shows how poorly people understand Tesla and the success they're having if they're looking to other EV makers to "replicate" the success. If you don't understand how Tesla is doing it, it's really probably not something you should be investing in. I have Tesla stock but wouldn't touch Nikola with a 10 foot pole – they have almost nothing in common with Tesla and I doubt they have a future at all, though I'm always a fan of competition.
    It's great that people are looking to new tech companies. But what you really need to be looking for is not another EV company but a company with a similar cooperate philosophy to Tesla with unmatched products. Unfortunately I'm not sure such a company exists. I believe there will be in the future, but what we're seeing in Tesla is something similar to the revolution Ford made with the factory line from 1908-1925, albeit secluded under a veil of twitter feeds, short sellers, hysteria and fierce market/media manipulation.
    Tesla's core products, they way they make them and their attitude towards technology and iterative improvement are revolutionary. You won't understand that unless you really understand everything Tesla is doing (which is a hell of a lot of small to medium things) and have a technical mind for it (as a lot of it is quite technical such as the new IPM synchronous reluctance motor and control systems used in the model 3 and the fact that it produces way more power (often more than double or even triple) than any other auto maker for the same weight and higher efficiency ect).
    At the end of the day, I think probably most people just can't/won't understand Tesla.
    The future of vehicles is Electric, that much is certain, but so far Tesla seems the only certain player. Hyandai is committing hard and has some smart designs, I imagine they'll make the transition. VW is also doing ok, though they don't have a lot of sale data to show for it yet. There will probably also be new EV manufacturers out of China – they will likely house a lot of the vehicles production from ~2030 onward.
    IMO be on the lookout for anyone developing small, lightweight, low range, cheap city vehicles – this is a market where EVs will really excel and in the next few years could undercut ICE vehicles on production costs and really break out in terms of sales numbers. Currently a completely untapped market.

  28. @mrendcorruption3294

    January 12, 2024 at 1:00 pm

    Next thing “my stock is too high “

  29. @WheatManShredz

    January 12, 2024 at 1:00 pm

    4:45 is a nerd standing like a stick

  30. @WheatManShredz

    January 12, 2024 at 1:00 pm

    Elon affect is when CNBC eats my leg

  31. @NorakRottanak

    January 12, 2024 at 1:00 pm

    I’m not an American, first of all I don’t like Trump and I also hate China, so I soon became Trump’s fan.

  32. @MyUniversalUniversity

    January 12, 2024 at 1:00 pm

    It is weird watching Phil say the Elon Effect rather than being mean or abrupt with a Tesla Bull!!! HAHAHA

  33. @dogfilms7753

    January 12, 2024 at 1:00 pm

    I feel like ford or totoya could make the next big electric car. Honestly the tesla doesn't look that cool looks like a Volkswagen bug just a little thinner

  34. @Rezin_8

    January 12, 2024 at 1:00 pm

    🙌 now that Graphene Batteries may be a reality 😳📐 EVERYTHING IS GONNA SPIKE

  35. @VADORT

    January 12, 2024 at 1:00 pm

    WHEN YOU SHOW TESLA STOCK RISING PRICE PLEASE SHOW TESLA SELLS NUMBERS LOL

  36. @troybray3424

    January 12, 2024 at 1:00 pm

    Track his phone and where he goes and what he does if he likes it so much that's where we need to start right there track his phone

  37. @user-uy3eq5hg1s

    January 12, 2024 at 1:00 pm

    Compare stock prices between Tesla and Ford… what do you think the market wants? That's right, electric vehicles. No one cares about a hybrid F150. Electric vehicles are more powerful, get you further in one trip and require less maintenance. Ford and others need to adapt now… unless of course they don't care about profits.

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Tesla And Former Camera Supplier, Mobileye Engage In Public Dispute | Tech Bet | CNBC

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Tesla And Former Camera Supplier, Mobileye Engage In Public Dispute | Tech Bet | CNBC

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Google Built A Synthesizer That Uses A.I. — And You Can Make Your Own | CNBC

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Why Hyundai’s Investing $26B In The U.S.

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Produced and Edited by: Ryan Baker
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Animation by: Jason Reginato
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Why Hyundai’s Investing $26B In The U.S.

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What Makes Paramount Skydance’s Deal For Warner Bros. Discovery So Unique

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