Does Tesla fall into a bear market growth story go on?

category:Finance
 Does Tesla fall into a bear market growth story go on?


First, Johnson pointed out that while Elon Musk, Teslas CEO, promised to make industry-leading profits, according to his earnings report released on Wednesday, that was unlikely to happen. This is obviously not what he (MuSK) is going to do, he is trying to achieve revenue growth, Johnson said in a TV show.

Johnson went on to say that, excluding sales of Tesla Model 3 cars made in China, revenue at its Fremont plant in California was actually down 30%.

Johnson also said the model y crossover suv, which began delivery to customers in March, could erode model 3 sales.

We believe that Teslas growth story may end at some point, and it may be close to the second half of the year or the fourth quarter, when modely may erode Model3 sales, we will see the actual level of demand for Model3, Johnson said.

As a long-standing bear of Tesla, Johnson suspected that there was a mismatch between Teslas inventory and demand as early as October 2018. In May last year, Johnson said that despite the success of the financing, Teslas desire to go all out to develop driverless vehicles would mean that growth investors who had been optimistic about the company might have to wait more time to see the return. In February this year, Johnson warned the price of Tesla again that the bubble of the United States also had a day of disillusionment. However, Johnson does not believe that his target price of $300 will be achieved in the fourth quarter, but he believes Tesla shares will fall. Whats more, its worth noting that 10 years ago, when Tesla was not the largest car manufacturer by market value, in CEO Musks own words, Tesla survived the great depression, thanks in part to a $465 million federal loan that Tesla used to design electric cars, build a plant in Fremont, California, and then go public to repay the loans ahead of time. Now, Tesla has about 20000 employees in big bay. Now, musk opposes Trumps more bailouts. Source: Wall Street news editor: Guo Chenqi_ NBJ9931

As a long-standing bear of Tesla, Johnson suspected that there was a mismatch between Teslas inventory and demand as early as October 2018. In May last year, Johnson said that despite the success of the financing, Teslas desire to go all out to develop driverless vehicles would mean that growth investors who had been optimistic about the company might have to wait more time to see the return. In February this year, Johnson warned the price of Tesla again that the bubble of the United States also had a day of disillusionment.

However, Johnson does not believe that his target price of $300 will be achieved in the fourth quarter, but he believes Tesla shares will fall.

Whats more, its worth noting that 10 years ago, when Tesla was not the largest car manufacturer by market value, in CEO Musks own words, Tesla survived the great depression, thanks in part to a $465 million federal loan that Tesla used to design electric cars, build a plant in Fremont, California, and then go public to repay the loans ahead of time. Now, Tesla has about 20000 employees in big bay.

Now, musk opposes Trumps more bailouts.