EXCLUSIVE: Tesla's Humanoid Robot 'Was A Fake,' Elon Musk 'Doesn't Deliver At All,' Says Analyst
Portfolio Pulse from Neil Dennis
Analyst Gordon Johnson from GLJ Research criticized Tesla Inc (NASDAQ:TSLA) following their earnings report, calling the Optimus humanoid robot a 'fake' and questioning Elon Musk's ability to deliver on promises. Johnson highlighted weaker demand for EVs, Tesla's reduced growth forecast from 50% to 37%, and concerns over profitability due to falling margins, increased tax rates, and price cuts. He also mentioned that traditional carmakers like Ford (NYSE:F), General Motors (NYSE:GM), and Volkswagen (OTC:VWAGY) are scaling back EV investments due to lack of profitability.
January 25, 2024 | 5:50 pm
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NEUTRAL IMPACT
Ford is mentioned as one of the traditional carmakers pulling back investments in electric vehicles due to profitability concerns.
While the article mentions Ford scaling back EV investments, it does not provide specific details on the immediate financial impact, making the short-term effect on the stock neutral.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
General Motors is also pulling back on EV investments, as mentioned by the analyst, due to the same profitability issues.
The article references General Motors' decision to scale back on EV investments, but without immediate financial implications, the short-term stock impact is likely neutral.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Volkswagen is included in the list of automakers that are reconsidering their EV investments due to a lack of profitability.
Volkswagen is mentioned as reducing its EV investments, but the article does not discuss the direct impact on its stock, suggesting a neutral short-term effect.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Analyst Gordon Johnson criticizes Tesla's Optimus robot and casts doubt on the company's future growth and profitability, following a subdued earnings report.
The negative comments from a known Tesla critic, especially after an earnings report, could influence investor sentiment and potentially lead to a short-term negative impact on Tesla's stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100