2 Long-Term Tesla Stock Selling Points
Lawrence Nga has pointed to two specific talking points surrounding Tesla’s stock. While revenue growth and net income were stifled by price cuts in Q1, Nga recommends focusing on the company’s plans to become the electric vehicle industry’s lowest-cost producer, and on its impressive balance sheets — both of which he says “should produce tremendous benefits for the future.
Nga posits that investors should focus on long-term potential, rather than near-term struggles, adding that it will take years for Tesla’s sales volume to truly show its benefits. However, the Model Y also became the best-selling non-pickup in Europe and the US in Q1, showing a clear increase in sales volume.Secondly, Nga calls Tesla’s balance sheet “rock-solid,” with the company’s $22.4 billion in cash, cash equivalents, and investments.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla's Stock Is Down, But The Long-Term Story Appears Super SolidWhile revenue growth and net income were stifled by price cuts, Tesla plans to become the EV industry’s lowest-cost producer with impressive balance sheets.
Read more »
ThredUp Dual Lists on Long-term Stock Exchange Ahead of EarningsThe online resale platform is the first consumer company to list on the LTSE and its reasons were to pursue a higher commitment to ESG factors.
Read more »
Here's how to play oil-industry stocks for long-term growth of 20% or moreOil producers continue to underinvest in supply, and daily usage levels are expected to hold up for many years, even with the transition to electric vehicles.
Read more »
Hypoimmune induced pluripotent stem cells survive long term in fully immunocompetent, allogeneic rhesus macaques - Nature BiotechnologyHypoimmune induced pluripotent stem cells survive long term in fully immunocompetent, allogeneic rhesus macaques
Read more »
Americans bracing for higher inflation in the long term, NY Fed survey showsA New York Federal Reserve survey released Monday shows consumers are bracing for inflation to remain above the central bank's 2% target in the long term.
Read more »
Long-Term Bitcoin Holders Add to Their Holdings, Even as Prices RetraceCrypto Markets Analysis: As the longer term bitcoin supply increases, the CoinDesk Bitcoin Trend Indicator (BTI) shows a market in uptrend, despite the recent price declines. GWilliamsJr_CMT reports
Read more »