Key Takeaways from Requisite Capital Management’s Analysis of Tesla’s Q4 Earnings Call
If you’re interested in crypto, you probably want to know what the experts think about Tesla’s latest earnings call.
Earnings and Revenue Miss
Tesla missed market expectations on revenues and earnings. This contributed to about one-third of the stock’s decline.
Guidance and Margins Concerns
Investors are concerned about Tesla’s 2024 guidance, particularly regarding profit margins. There is skepticism about Elon Musk’s honesty in this regard.
Volume Growth and Stock Valuation
Due to a lack of positive guidance, reduced numbers, and perceived uncertainty, Tesla’s stock is in a precarious position. Buying it may not be advisable immediately, but it looks promising for the long term due to Tesla’s manufacturing prowess.
Stock Price Predictions
Tesla’s stock needs to stabilize around $180; otherwise, it might drop to the $160s. Talkington entered at around $120 and exited at a higher price through call options.
Elon Musk’s Role and Future Projects
Elon Musk is unlikely to shift his focus from Tesla to other ventures. Tesla’s full self-driving technology is crucial, and it’s improbable that Musk will divert his attention, given the intertwined nature of his identity with the company.
Musk’s Influence and Control
Musk wants to maintain influence over control. Concerns about activist shareholders exerting more control than Musk need to be addressed by the board.
TSLA’s Current Status
Currently, the TSLA stock is trading at $184.94, up 1.26% on the day. In the year-to-date period, TSLA is down 25.55%.
Hot Take
It seems that Tesla’s situation, while precarious in the short term, is trending toward a more positive long-term outlook, thanks to its manufacturing capabilities and the influence of Elon Musk.
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