'Hold on Tesla and wait,' don't buy right now: Strategist
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- Опубліковано 28 вер 2024
- A Tesla (TSLA) shareholder vote approving CEO Elon Musk's enormous pay package has sparked renewed enthusiasm in the EV maker as it branches out from just an automotive company, branching out into AI, robotics, and energy.
Summit Global Investments CIO Dave Harden calls Musk's compensation package "excessive" and is bearish on the stock at this time.
"I wouldn't buy Tesla at this time. Elon Musk is an outspoken leader, and I think that there's going to be much more chatter and much more opportunity to get in when you can see clearly that the growth is going to happen. So the major growth is behind us. We know that, that's very clear, but I think you're going to hear more about that in the future," Harden tells Yahoo Finance, adding: "So if you're a managed risk investor I would probably hold off on this investment. If you're a growth investor, I would also probably hold on."
Yahoo Finance spoke with analysts and Wall Street experts who are expressing renewed bullishness on Tesla stock, including Wedbush's Dan Ives - whose latest call sees Tesla's market cap reaching over $1 trillion in 2025 - and Ark Invest (ARKK) Founder, CEO, and CIO Cathie Wood, who believes the stock price could reach $2,600 by 2029.
Also, Clean Energy Transition CEO and Portfolio Manager Per Lekander - a long-time short-seller of the stock - explained his latest price target on Tesla shares: $15.
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
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@chessdad182 Some people refuse to look through Galileo's telescope?
When he demonstrated this, many highly intelligent people even refused to look through the telescope, so frightened were they of what they might see. Some
people had such a strong dose of cognitive dissonance that they forced Galileo to his knees and made him withdraw his evidence and recant his discovery
Where is your bloody tie?
No way Tesla is growing. Model 3 and Y are like 70% of the entire revenue and they are already 5+ year old. People who wanted one, already have one!
Is it still the number one vehicle in the world?
Come on one more time is Tesla a car company ?
The results of the voting proof this was Total miscarriage of justice but still here we are, is Tesla tech company or a car company? Go ahead, hold , make my day .
In my opinion this reporter needs to dress professionally.. like reporters on CNBC
Isn't this the same dress code as Walter Cronkite?
Who cares . Cool look !
🩸🦉
Im not a fan boy, but Tesla is cheap AF. Full Self Driving is almost ready, no other car company has it, nor will they have it...other companies will be forced to compete by leasing the tech. Bots are a couple years out. His AI expenditure and build out is massive. No one else is building this much.
SELL WHEN YOU CAN BEFORE YOU GET CRUSHED BY THE BAG
More lies
dont worry. i wont buy more tesla. im still sitting on tesla stocks deep in the red.
if Elon is cashing out, everybody should cash out now
How's he cashing out?
You mean 5 years after he exercises his stock option in the future?
Already did
Um he said 5 yrs and he's got plenty money so nice try
Ok they worry about the main boss whatever
Why have this guy on? He doesn’t know the basics. He’s talking about stock dilution? This stock only cost the company $2.6B.
Where do you think these billions are coming from? Other shareholders.
@@gerritjanboeve - Google it. It is stock, not money. The original cost has already been depreciated. And he can’t sell for five years.
Luckily I sold my Tesla stock before Musk became far-right Twitter man. I think a large part of the population is turned off by his antics and this has been a drag on Tesla.
Some people refuse to look through Galileo's telescope?
When he demonstrated this, many highly intelligent people even refused to look through the telescope, so frightened were they of what they might see. Some
people had such a strong dose of cognitive dissonance that they forced Galileo to his knees and made him withdraw his evidence and recant his discovery
You bet , Guy is unpredictable now
Wow, not just right, but far right. What makes him that? Who is just “right” then?
@@TheBoobanThe few normal people that’s left in the world.
As a lifelong Democrat, it scares me to see the party abandon its values like free speech and pro war,.pro terrorist. It's wild. Meanwhile the Twitter files proved Democrats literally commit facism by working hand in hand to commit propaganda, censorship