But not all experts are turning bearish on Tesla. Here's what three of them had to say fresh off the report:
Gene Munster, founding and managing partner at Loup Ventures, said the market was discounting some key pieces of this report: "Tesla is always an emotional story. ... I'm going to try to go right down the middle and look at these results unemotionally. And I think that it is an overreaction. ... The stock should be down, as a starting point, because the expectation was that they would increase their gross margin from 20% to slightly higher. Recall a couple quarters ago ... that it was 24%, so this would be the third consecutive quarter of a decline.
Dan Ives, managing director and equity analyst at Wedbush Securities, called the report an outright "disaster" for the bulls. "For the bulls, this is a disaster story in terms of that gross margin. You already knew what demand was in terms of growth, but it comes down to can they do this profitably? You need to see something with a 2 in front of it. This is something that's definitely going to be a gut punch for the bulls in terms of that gross margin number. ...
TradingNation Well considering it went from 180 to 260 in a straight line I'd just say this is a natural pullback
TradingNation Why the wall street is important that much? My god, tesla is not for a impress wall street, it's for make the best, safest, quickest and most advanced cars! So they are. They got most happy and highly satisfied customers in car industry. Why Legacy manufacturers are behind tesla?
TradingNation Niche manufacturers have to stay away from delusions they are Henry Ford.
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