Tesla Analyst Gary Black Flags Key Concern Amid Q2 Delivery Cheer: 'I Would Much Prefer...'
Portfolio Pulse from Shanthi Rexaline
Tesla reported record-breaking Q2 production and delivery numbers, but Future Fund's Gary Black believes the stock will rise further. Despite concerns about Tesla's aggressive price cuts to boost volume, Black maintains that a beat is a beat. However, he expresses concern over Tesla's strategy of offering early-quarter discounts, suggesting instead that the company should explore new advertising strategies promoting electric vehicle adoption.
July 03, 2023 | 9:19 am
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Tesla's record-breaking Q2 numbers are expected to boost the stock, but concerns over aggressive price cuts and early-quarter discounts could impact investor sentiment. Analyst Gary Black suggests new advertising strategies could be more beneficial.
Tesla's record-breaking Q2 numbers are a positive sign for the company's performance, which could lead to a rise in the stock price. However, concerns over the company's aggressive price cuts and early-quarter discounts could negatively impact investor sentiment. Analyst Gary Black's suggestion for the company to explore new advertising strategies could be seen as a more sustainable approach to boosting sales and could potentially have a positive impact on the stock.
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