Tesla Shares 'Kind Of Dead In The Water' Until This Happens, Says Portfolio Manager, Blames CEO Elon Musk For Alienating Customers 'Super Important To Him'
Portfolio Pulse from Shanthi Rexaline
Tesla shares are underperforming due to high interest rates, expensive cars, and management issues. Portfolio manager Bill Davis highlights Tesla's absence in the low-end market, price discounting affecting margins, and CEO Elon Musk's management style as key concerns. The upcoming robotaxi launch could impact Tesla's future performance.
August 20, 2024 | 12:07 pm
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NEUTRAL IMPACT
Tesla's underperformance contrasts with the SPDR S&P 500 ETF Trust, which has gained 18.5% year-to-date. Tesla's challenges highlight the broader market's strength, as represented by SPY.
While Tesla is underperforming, the SPDR S&P 500 ETF Trust (SPY) has gained 18.5% year-to-date, indicating the strength of the broader market. Tesla's challenges do not directly impact SPY, but they highlight the contrast in performance.
CONFIDENCE 90
IMPORTANCE 30
RELEVANCE 20
NEGATIVE IMPACT
Tesla's stock is facing challenges due to high interest rates, expensive cars, and management issues. The company's absence in the low-end market and price discounting are affecting margins. CEO Elon Musk's management style is also a concern. The upcoming robotaxi launch could impact future performance.
Tesla is struggling with high interest rates and expensive cars, which are not conducive to growth. The company's absence in the low-end market is causing it to lose market share. Price discounting is affecting margins, and CEO Elon Musk's management style is alienating customers. The upcoming robotaxi launch could provide a boost, but until then, the stock is likely to remain under pressure.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100