Elon Musk Mocks Tesla Bear After Latest Warning Over 'Imploding' Sales: 'There Is Value In Someone Being A Reliable ...'
Portfolio Pulse from Anan Ashraf
GLJ Research CEO Gordon Johnson, a long-time Tesla Inc bear, predicted a 7% drop in Tesla's sales for the third quarter compared to the second quarter. He also claimed that Tesla's sales are imploding across its three largest markets and its profit margins lag behind competitors. Tesla CEO Elon Musk responded sarcastically, stating that there is value in someone being a reliable contra-indicator. Despite Johnson's predictions, Tesla has consistently reported profits since 2020.
September 25, 2023 | 10:37 am
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POSITIVE IMPACT
Despite bearish predictions from GLJ Research CEO, Tesla has consistently reported profits since 2020. The company continues to target 1.8 million deliveries for this year.
The bearish prediction from GLJ Research CEO could potentially create short-term volatility in Tesla's stock. However, Tesla's consistent profit reporting and delivery targets indicate a positive outlook, which could counteract the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100