This Analyst Issues Sell Call On Tesla: Flags Demand Problems, Falling ASPs, And Margins
Portfolio Pulse from Anusuya Lahiri
GLJ Research analyst Gordon L. Johnson II has issued a Sell rating on Tesla, Inc (NASDAQ:TSLA), citing demand problems, falling average selling prices (ASPs), and margins. The analyst predicts that Tesla's Q3 results will be disappointing, with ASPs potentially down 2%-3% sequentially. He also anticipates Tesla's Q3 deliveries to be 442K, down from 466.140K in Q2. The analyst believes that Tesla's aggressive price cuts are an attempt to mask demand issues in its three largest markets: the U.S., the EU, and China.
September 19, 2023 | 7:53 pm
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Tesla has been given a Sell rating by GLJ Research analyst Gordon L. Johnson II due to demand problems, falling ASPs, and margins. The analyst predicts disappointing Q3 results and a decrease in deliveries.
The analyst's Sell rating and prediction of disappointing Q3 results could negatively impact investor sentiment towards Tesla, potentially leading to a decrease in the company's stock price. The analyst's concerns about demand problems, falling ASPs, and margins also suggest potential operational and financial challenges for Tesla.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100