Tesla Bear Says 'EVs Are Not For The Masses' Despite Impressive Q4 Deliveries: 'You Can Sell An Infinite Number Of Teslas If...'
Portfolio Pulse from Anan Ashraf
Gordon Johnson, CEO of GLJ Research, expressed skepticism about the mass adoption of EVs, citing high costs and low resale value, despite Tesla's impressive full-year deliveries. He argued that delivery numbers are less important than operating margins, which he claims are now lower for Tesla than for other automakers like Toyota, Stellantis, GM, BYD, BMW, and Mercedes. Johnson's comments come after Tesla announced annual deliveries exceeding 1.8 million vehicles, but he remains unconvinced about the viability of EVs for the average consumer.
January 03, 2024 | 10:03 am
News sentiment analysis
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POSITIVE IMPACT
General Motors' higher operating margin compared to Tesla, as mentioned by Johnson, could be perceived positively, potentially benefiting GM's stock in the short term.
Investors may view GM's higher operating margin as a sign of financial health and competitive advantage over Tesla, which could lead to a positive impact on GM's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Ford's operating margin being lower than GM's but still competitive may have a neutral to slightly positive impact on Ford's stock in the short term.
While Ford's operating margin is lower than GM's, it is still within a competitive range. This, along with the overall discussion on EV profitability, may have a neutral to slightly positive impact on Ford's stock.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 40
NEGATIVE IMPACT
Gordon Johnson's skepticism about the mass adoption of EVs and emphasis on operating margins over delivery numbers could cast a negative sentiment on Tesla's stock in the short term.
Johnson's comments could influence investor perception, potentially leading to concerns about Tesla's future profitability and market penetration. This may result in short-term negative pressure on TSLA's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80