Shares of electric vehicle giant Tesla have risen more than 70% this year, after falling 65% in 2022 in its largest-ever annual decline. Investors have flocked to the EV darling, with rising appetite for growth stocks and signs of a rebound in EV demand. But competition is getting stiffer and there's the prospect of further price cuts . So is it time to buy the stock? Two investors faced off on CNBC's " Street Signs Asia " on Wednesday. Bull vs.
We believe it has more downside than upside," he said. Gerber, however, said he's expecting margin growth later in the year. "I think the worst is happening now for margins, and I think margins will get better throughout time," he added. Though the first quarter looks "questionable" to Gerber, he expects Tesla to see "massive" cost savings once its Gigafactory in Berlin reaches "profitable scale.
Why is the plug those fancy machines and not just a plug for a regular outlet so you can charge it with a regular cord? It's just electricity. Why rob people at every turn?