Tesla Bull Says 'Don't Know…What's Going To Happen To TSLA Stock Next Week' Ahead Of Earnings Call: 'Much Depends On…'
Portfolio Pulse from Benzinga Neuro
Financial expert Gary Black discussed the uncertain future of Tesla Inc. (NASDAQ:TSLA) stock ahead of its earnings call, emphasizing the impact of CEO Elon Musk's presentation of the timeline for Tesla's $25K compact vehicle. This vehicle is expected to significantly contribute to Tesla's volume as it targets the mass market. Black predicts production to start in 2026, despite Tesla's focus on the robotaxi project. Amidst this, Tesla shares have fallen, but Ark Invest, led by Cathie Wood, has purchased additional shares.
April 17, 2024 | 11:17 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Tesla's stock future is uncertain ahead of its earnings call, with focus on the $25K compact vehicle's timeline. Despite a recent drop in shares, Ark Invest's purchase could signal confidence.
The uncertainty surrounding Tesla's stock is primarily due to the anticipated details about the $25K compact vehicle, which is crucial for Tesla's market expansion. The recent purchase by Ark Invest suggests some level of investor confidence despite the stock's recent performance.
CONFIDENCE 75
IMPORTANCE 90
RELEVANCE 100