STUNNING Data & Bull Case For Tesla Amid Sell Off | Summary and Q&A
TL;DR
Tesla stock reaches a low of $175.34 per share, with fund manager Gary Black reducing his stake in the company, citing concerns over near-term weakness and high delivery estimates.
Key Insights
- 📪 Tesla's stock has reached a low of $175.34 per share, close to its 52-week low.
- ✋ Fund manager Gary Black has reduced his stake in Tesla due to concerns over near-term weakness and high delivery estimates.
- 👲 Tesla's market cap is now under $550 billion, indicating a decline in value.
- 🍉 Despite the stock's decline, some investors remain optimistic about Tesla's long-term prospects.
- 🧑🏭 Tesla's stock price is influenced by various factors, including investor sentiment and delivery estimates.
- 🍉 Tesla's declining stock price may present buying opportunities for long-term investors.
- ❓ The reduction in Tesla's stake by fund manager Gary Black may have implications for market perception.
Transcript
what a glorious site this is It's March 2024 Tesla stock currently $175. 34 a share market cap now under $550 billion within spitting distance of its 52 we low of just over 150 bucks nowhere near the 52e high of almost 300 and I continue to buy with every spare scent watching investors capitulate one after another oh man it brings me a strange amou... Read More
Questions & Answers
Q: Why is Tesla's stock price at a low of $175.34 per share?
The stock price has dropped due to concerns over near-term weakness and high delivery estimates for the first quarter.
Q: Who is fund manager Gary Black and why did he reduce his stake in Tesla?
Gary Black is a fund manager who reduced his stake in Tesla due to concerns over near-term weakness and high delivery estimates. He believes it is a short-term trade.
Q: What is Tesla's market cap now?
Tesla's market cap is currently under $550 billion.
Q: Are there any investors who are still optimistic about Tesla's long-term prospects?
Yes, despite the stock's decline, some investors believe in Tesla's long-term potential.
Summary & Key Takeaways
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Tesla's stock price is currently at a low of $175.34 per share, close to its 52-week low of $150.
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Fund manager Gary Black has reduced his stake in Tesla, citing concerns over near-term weakness and high delivery estimates for the first quarter.
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Tesla's market cap is now under $550 billion, and despite the stock's decline, some investors are still optimistic about its long-term prospects.