As Tesla Stock Bounces Back, Fund Manager Says Elon Musk-Led Company Offers 'Good Setup' Into Q2 Earnings Next Week: This Is the Key Variable To Watch Out For
Portfolio Pulse from Shanthi Rexaline
Tesla stock has rebounded after a dip due to the postponement of its robotaxi event. Fund manager Gary Black is optimistic about Tesla's Q2 earnings, highlighting the importance of auto gross margins. Tesla's China sales are showing strong growth, contributing to a positive outlook.
July 17, 2024 | 9:30 am
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Tesla's stock has rebounded after a dip caused by the postponement of its robotaxi event. Fund manager Gary Black is optimistic about the company's Q2 earnings, emphasizing the importance of auto gross margins. Strong sales growth in China is also a positive factor.
The postponement of the robotaxi event initially caused a dip in Tesla's stock, but it has since rebounded. Fund manager Gary Black's optimism about Q2 earnings, particularly focusing on auto gross margins, and strong sales growth in China contribute to a positive short-term outlook for Tesla's stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100