Here's what every major analyst had to say about Tesla's big earnings beat

  • 📰 CNBC
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

New for subscribers: Here's what every major analyst had to say about Tesla's big earnings beat Check out CNBCPro and get your first 30 days free.

The new Tesla Model Y is introduced. Tesla has expanded its model range to include an SUV based on the current Model 3.expectations and the stock is surging but many major analysts were unmoved by the report and are sticking by their bearish position.

While analysts all noted Tesla's strong performance, as well as its recent blistering stock rally, only a handful adjusted their investment recommendation of the stock. "The bull narrative has shifted from Tesla disrupting multiple industries to Tesla being a profitable and growing next-generation automaker. Even if one were to stipulate that as true, we believe the shares are sharply overvalued as an automotive [manufacturer]," Barclays analyst Brian Johnson wrote.

Likewise, Bernstein analyst Toni Sacconaghi said that the risk for investors, both to the upside and the downside, makes Tesla untenable. "On net, we believe Tesla is simultaneously too hard to short without a discernible catalyst ... but also too expensive and risky to initiate a significant overweight," Sacconaghi said.Here's what every major analyst said about Tesla's earnings.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pro 😂😂😂

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Millennials' favorite stocks include Apple, Tesla, and Warren Buffett's Berkshire Hathaway - Business InsiderApex Clearing analyzed more than 734,000 investor accounts and found Amazon, Disney, and Netflix are also top picks.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tesla set to report earnings after market closeThe company has already reported deliveries of 112,000 vehicles globally during the fourth quarter, a quarterly best for Tesla.
Source: CNBC - 🏆 12. / 72 Read more »