Time To Short Tesla Again? Why This Bearish Analyst Says EV Stock 'Appears Set To Hit The Skids'
Portfolio Pulse from Shanthi Rexaline
GLJ Research's Gordon Johnson suggests it's time to short Tesla (NASDAQ:TSLA) stock again, citing potential delays in Giga Mexico until 2026, production slowdowns in Giga Texas and Fremont plants, and record high Model Y inventories despite a 10% discount. Johnson also noted weak weekly China insurance data for Tesla vehicles and flat sales in Europe despite price reductions. Tesla's stock fell 0.55% to $250.10 in premarket trading.
September 08, 2023 | 12:48 pm
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Bearish analyst suggests shorting Tesla due to potential production delays, high Model Y inventories, and weak sales data. Tesla's stock fell 0.55% in premarket trading.
The analyst's bearish outlook on Tesla is based on several negative factors including potential production delays, high Model Y inventories, and weak sales data. These factors could negatively impact Tesla's stock price in the short term.
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