As Tesla stock continues to plummet, one expert is raising red flags about the company’s March delivery numbers.
Transcript:
CHRIS VERSACE: If you’ve been paying attention to the market, you have probably seen that Tesla shares have been hit pretty hard. There’s a lot of questions around this, particularly as the stock has apparently moved into oversold territory. But is that the question? Do we want to be owning Tesla shares today? And I think the reality is that we will need to get through at least the company’s March delivery numbers, which, based on what we’re seeing with boycotts and other, pushbacks, they could disappoint.
One of the questions I often get about Tesla is is it a near term play, or do you see it as a longer term play? You know, in the near term, I think the company might have some challenges. You know, as folks kind of continue to push back on the company, relating to some of the efforts with Elon Musk and Doge. But I think as we step back and take a longer term view, the question over autonomous driving is the one that we need to focus in on. Do I think that long term call it the next, you know, five, six years that autonomous driving will continue to move forward? And Tesla is a prime candidate for that? That I think is the long term opportunity.
One of the questions, that we have to, you know, entertain is Elon Musk. You know, he’s extremely, spread thin in my opinion, whether it’s at SpaceX, whether it’s judge, whether it’s Neuralink or, of course, Tesla or The Boring Company and whatever else Elon Musk might be doing. My preference would be to see Elon Musk refocus his efforts on Tesla, perhaps stepping away from one, two, or even more of those other, initiatives that he has again, so he can focus on Tesla and guide the company into the future.
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