Should Tesla Sell Shares Or Initiate A Buyback? Here's What Analysts Have To Say
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) stock has regained momentum following a positive analyst rerating. Datatrek co-founder Nicholas Colas suggests that Tesla could use its $23 billion cash balance to increase its competitive positioning in the EV market. However, Future Fund's Managing Partner Gary Black disagrees, stating that Tesla is not capital-constrained and could initiate a buyback instead.
September 14, 2023 | 8:58 am
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Analysts suggest that Tesla could use its cash balance to increase its market share or initiate a buyback. This has led to a positive rerating of Tesla's stock.
The debate among analysts about the best use of Tesla's cash balance could influence investor sentiment and impact the stock price. The positive rerating suggests increased confidence in Tesla's financial position and future prospects, which could drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100