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Stockreport

“Don't Believe the Hype of Tesla (TSLA),” Market Strategist Warns [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Basenese told Fox Business recently that investors should not "believe the hype of Tesla." A former Senior Investment Consultant and Analyst for Morgan Stanley, Basenese is currently Executive VP, Market Strategy for Prairie Operating Company. Reasons To Be Skeptical of TSLA "This is a car company that is struggling on all metrics we can evaluate on a fundamental basis," said Basenese. He noted that Tesla's Q1 revenue had dropped 9% year-over-year even though global EV deliveries had jumped 29% YOY last quarter. The investment professional added that he was somewhat pessimistic about the company's ability to generate a great deal of revenue from products other than EVs, since it had not been able to do so until now. "I need to see (that Tesla) is getting traction from new products" before recommending the stock, the market strategist explained. Tesla's Other Problems There are publicly traded companies with lower valuations and faster growth than Tesla, Basenese said. He [Read more]
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Stockreport

“Don't Believe the Hype of Tesla (TSLA),” Market Strategist Warns [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Basenese told Fox Business recently that investors should not "believe the hype of Tesla." A former Senior Investment Consultant and Analyst for Morgan Stanley, Basenese is currently Executive VP, Market Strategy for Prairie Operating Company. Reasons To Be Skeptical of TSLA "This is a car company that is struggling on all metrics we can evaluate on a fundamental basis," said Basenese. He noted that Tesla's Q1 revenue had dropped 9% year-over-year even though global EV deliveries had jumped 29% YOY last quarter. The investment professional added that he was somewhat pessimistic about the company's ability to generate a great deal of revenue from products other than EVs, since it had not been able to do so until now. "I need to see (that Tesla) is getting traction from new products" before recommending the stock, the market strategist explained. Tesla's Other Problems There are publicly traded companies with lower valuations and faster growth than Tesla, Basenese said. He [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS