Tesla Analyst Explains Stock's 12% Post-Earnings Pullback: 9 Catalysts That Can Stall The Sell-Off
Portfolio Pulse from Shanthi Rexaline
Tesla's stock has fallen by 12% since the company reported its Q2 results, reflecting investor concerns about potential price cuts and margin erosion. Future Fund's Gary Black attributes the decline to fears of further price cuts and regulatory risks surrounding Tesla's self-driving software. However, Black remains bullish on Tesla, citing several potential catalysts that could boost the stock, including gross margin stabilization, the launch of new models, and a potential $10 billion buyback in 2024. Tesla is the second biggest holding of Future Fund's Active ETF (FFND).
July 28, 2023 | 9:00 am
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NEUTRAL IMPACT
Tesla is the second biggest holding of Future Fund's Active ETF (FFND). The fund manager remains bullish on Tesla, citing several potential catalysts that could boost the stock.
The fund manager's bullish stance on Tesla, which is the second biggest holding of the ETF, could potentially impact the ETF's performance. However, the direct impact on the ETF is not clear from the news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Tesla's stock has fallen by 12% due to investor concerns about potential price cuts and regulatory risks. However, several potential catalysts could boost the stock in the future.
The stock has fallen due to investor concerns about potential price cuts and regulatory risks. However, several potential catalysts, including gross margin stabilization, the launch of new models, and a potential $10 billion buyback in 2024, could boost the stock in the future.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100