U.S. stock index futures slipped on Thursday as a slump in Micron Technology after a lackluster forecast dragged down other semiconductor stocks, while caution ahead of economic data and a presidentia
Tesla: Why I Am Buying The Drop Aggressively (Rating Upgrade)
Tesla, Inc.'s Q1 delivery report fell short of expectations, causing shares to drop.The dip in deliveries is likely temporary and does not change Tesla's long term delivery trajectory.EPS estimates have reset to the downside as investors expect continual margin pressure.Despite risks and concerns, Tesla's valuation and risk profile have become more attractive, making it a bargain for EV investors ahead of Q1. Slaven Vlasic/Getty Images Entertainment Shares of Tesla, Inc. came under new selling pressure this week after the electric vehicle maker disappointed with its latest delivery report. Tesla delivered "only" 386,810 cars in Q1 ’24, which drastically underperformed delivery expectations. However, Tesla saw a boost in deliveries in China, which is facing challenges of its own, including growing competition and pricing pressure. I believe the slowdown in the global EV market is causing more fear than warranted given Tesla's long term upward trajectory in deliveries. Thus, I see Te