A sparse interior might not have much impact on. 'Tesla is now officially oversold,' said market technician and Fundstrat Managing Director Mark Newton on Yahoo Finance Live (video above). Tesla on YouTube The Cybertruck interior may be surprisingly utilitarian. To that, Q4 results (and the March 1st Investor Day) could provide much-needed visibility/'hand-holding' on these questions/topics, and that alone could conceivably provide at least a temporary sentiment boost. May 25, 2023, 7:11 AM PDT Tesla teased another Cybertruck feature. costs), delivery/production outlook, product cadence for new/refreshed vehicles. That said, we think weakening sentiment also reflects a lack of visibility on key go-forward items-2023 auto gross margin bridge (price vs. 8 min read Leave it to Ford and its new bedfellow Tesla to shock the automotive world."The recent selloff has been driven by legitimate negative developments (December China demand/market share) and other concerns that we don’t think Q4 results alone are likely to resolve. "We think the Q4 setup is improving," Citi analyst Itay Michaeli wrote in a new note to clients. The EV completed a 12.94-mile lap in 7 minutes and 25. (Photo by Justin Sullivan/Getty Images)Įven with these concerns still omnipresent, others on the Street are beginning to warm up to Tesla's stock in a similar vein to Fundstrat's Newton. The Tesla Model S reclaimed the lap record for a production electric vehicle at Nürburgring. The EV completed a 12.94-mile lap in 7 minutes and 25.231 seconds on Friday. Tesla shares ( TSLA) are surging today, up as much as 4 in early trade and hitting highs not seen since early October of last year, as investor bullishness grows following news that all Model 3. Brand new Tesla cars sit on a truck outside of a Tesla dealership on Apin Corte Madera, California. The Tesla Model S reclaimed the lap record for a production electric vehicle at Nrburgring.
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