EXCLUSIVE: Tesla 'An Elon Musk And A Technology Story First, EV Story Last' — Market Strategist Explains Why To Buy The Stock
Portfolio Pulse from Chris Katje
Tesla Inc (NASDAQ:TSLA) is set to release its second-quarter earnings report on July 23. Market strategist Jay Woods highlights that Tesla's stock is up 31% in the last month but has not reached its all-time highs. Woods emphasizes that Tesla is more of a technology and Elon Musk story rather than just an EV story. The delay of the Aug. 8 robotaxi event to October and potential political changes could impact the EV market. However, Tesla's innovative edge and Musk's leadership are key reasons to invest.
July 22, 2024 | 2:50 pm
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Tesla's upcoming Q2 earnings report is highly anticipated. The stock is up 31% in the last month but hasn't reached all-time highs. Market strategist Jay Woods views Tesla as a technology and Elon Musk story first, with the EV market facing challenges. The delay of the robotaxi event to October and potential political changes could impact the EV market, but Tesla's innovation and Musk's leadership are key reasons to invest.
Tesla's stock is expected to be influenced by its Q2 earnings report. The market views Tesla as a technology company driven by Elon Musk's innovation rather than just an EV company. Despite challenges in the EV market and political uncertainties, Tesla's innovative edge and leadership are seen as strong positives.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100