Tesla stock turnaround needs these 3 things to happen first: Analyst

Shares of Tesla (TSLA) have fallen over 27% year to date, with fellow Magnificent Seven companies Apple (AAPL) and Alphabet (GOOG,GOOGL) also lagging behind the rest of the group. Are these companies doomed to fall from the pack or does the dip represent an opportunity to buy?
Canaccord Genuity LLC Managing Director George Gianarikas joins Yahoo Finance to highlight how Tesla could turn its lagging performance around and remain a worthwhile opportunity for investors.
Gianarikas notes that for Tesla's stock to experience a turnaround, several developments must emerge from the automaker's record research and development spending: "First, the next generation vehicle has to start to ramp, or people have to gain confidence that it's going to ramp and be successful. Second, their margins need to go up. The most likely lever for that happening is the increase of FSD, full self-driving penetration, which leverages the AI they built, in addition to volume starting to pick up. Third is continuation in growth. Really good growth in their energy storage business."
#yahoofinance #Tesla #youtube
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance

[@cscors2-bi8lj]

I'm buying more and accumulating

[@Ye-tf9im]

Same lol!

[@joka5345]

Buy rivian. R2 is sick

[@YesCivic-R]

Instead of sell low / mid price point models since the factory is over capacity, how about selling more model X with lower price point to complete with other premium brands? That’s a hot segment and those buyers most likely not elastic to high interest rate and buy it in cash.

[@David-ff7vp]

Model x and s are not the big producers for Tesla.

[@YesCivic-R]

It could be if the price point is affordable in the $60k range, will be a hot segment 3 rows EV/SUV.

[@David-ff7vp]

@@YesCivic-R anything Elon does at this point will cut margins… it’ll drive the stock lower. He cannot afford to lower the price of his vehicles, otherwise everyone will always wait for a deal.

[@YesCivic-R]

Good point, but his factories are going to be over capacity anyway and the inventory is building up which eventally have to lower the price of all model. I get calls all the time from TS EV sales got a good deals.

[@Nyhiak]

They’re a software company, no, they’re a car company, no, they’re a storage company…blah, blah, blah. Keep losing money.

[@David-ff7vp]

They’re just a car company

[@TheMagicJIZZ]

They don't lose money though