Tesla Bear Slams FSD China Release Timeline As 'Meaningless Announcement,' Calls It Overused 'Pump' Tactic Amid Share Price Decline
Portfolio Pulse from Anan Ashraf
Tesla's announcement of a timeline for releasing its full self-driving (FSD) technology in China and Europe by Q1 2025 has been criticized by GLJ Research CEO Gordon Johnson as a 'meaningless announcement' aimed at boosting stock prices. Johnson accuses Tesla of using such announcements to counteract poor earnings results. Despite this, Tesla bull Gary Black believes the timeline aligns with expectations. Tesla's stock has declined 11.7% year-to-date amid challenges like waning demand and increased competition.
September 05, 2024 | 1:04 pm
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Tesla's announcement of FSD rollout in China and Europe by Q1 2025 is seen by some as a tactic to boost stock prices amid declining shares and poor earnings. The announcement's impact on stock is debated, with some viewing it as strategic alignment with expectations.
The announcement of FSD rollout is seen as a potential tactic to boost stock prices, which have been declining due to poor earnings and increased competition. However, some believe it aligns with previous expectations, leading to a neutral short-term impact.
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