Tesla’s Ready to Rise, Despite “Code Red” Headlines
Headline weirdly out of synch with analyst’s bullish “highest rating” forecast for 70 percent growth in the stock. Business press determined to talk down EVs.
2 thoughts on “Tesla’s Ready to Rise, Despite “Code Red” Headlines”
I suspect it’s the same game as back in the tech bubble 1990s: The stock “analyst” (in this case Ives) goes on the business program circuit to pump (or mitigate the damage of) stocks where they have an in-house commitment. There’s a perfect application for an AI program that can generate the buzzword-rich BS needed to sound like any problem with their prior forecasts were due to “unforeseeable” events (like China preferring its own makers over an import brand).
TSLA is down 29% for the quarter. Marketbeat shows an average TSLA price target of $204 and more sell ratings than buy. https://www.marketbeat.com/stocks/NASDAQ/TSLA/price-target/ As a counterpoint to Ives, Wells Fargo and J.P. Morgan have it at $125 and $130 respectively. I think lot of Wall Street doesn’t like Musk because he’s erratic, the cars are bad, and the truck is a punchline. My circle of liberal lawyer friends don’t like him and wouldn’t buy a Tesla, because he’s a racist and antisemite. The “I bought this before…” bumper stickers I’ve seen on Teslas tell me my friends and I aren’t alone.
Ives is counting on a gigantic growth cycle in EV sales, which is sure to come, but it doesn’t have to include Tesla. Now, back to reading about the new Polestar.
I suspect it’s the same game as back in the tech bubble 1990s: The stock “analyst” (in this case Ives) goes on the business program circuit to pump (or mitigate the damage of) stocks where they have an in-house commitment. There’s a perfect application for an AI program that can generate the buzzword-rich BS needed to sound like any problem with their prior forecasts were due to “unforeseeable” events (like China preferring its own makers over an import brand).
TSLA is down 29% for the quarter. Marketbeat shows an average TSLA price target of $204 and more sell ratings than buy. https://www.marketbeat.com/stocks/NASDAQ/TSLA/price-target/ As a counterpoint to Ives, Wells Fargo and J.P. Morgan have it at $125 and $130 respectively. I think lot of Wall Street doesn’t like Musk because he’s erratic, the cars are bad, and the truck is a punchline. My circle of liberal lawyer friends don’t like him and wouldn’t buy a Tesla, because he’s a racist and antisemite. The “I bought this before…” bumper stickers I’ve seen on Teslas tell me my friends and I aren’t alone.
Ives is counting on a gigantic growth cycle in EV sales, which is sure to come, but it doesn’t have to include Tesla. Now, back to reading about the new Polestar.