Yahoo奇摩新聞 Buy Tesla into earnings - here’s why
George Gianarikas, Canaccord Genuity Managing Director, explains why investors should buy Tesla stocks ahead of its Q4 earnings.
You can see the entire interview here.
Key takeaways
00:03: why it's 'simple' you should buy Tesla into earnings
00:36: The big 'question mark' going into earnings
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BRIAN SOZZI: George, buy or sell, Tesla [? into ?] earnings?
GEORGE GIANARIKAS: Buy.
BRIAN SOZZI: Why is that?
GEORGE GIANARIKAS: It's pretty-- well, it's pretty simple. Look, you know, obviously as you alluded to, the stock had a pretty bad 2022 in terms of its performance. That was based on multiple things. And some would attribute it to Elon Musk's rantings on Twitter.
We think it had a lot to do with the demand situation impacting Tesla, first starting in China and later kind of leaking into other parts of the world, including the United States. People know that. It seems to be priced-- a lot of that seems to be priced into the stock. Now, the big question mark going into earnings is, how much will recent price reductions impact gross margins?
