Fahad Saleem
5 min read
In This Article:
We recently published a list of 10 Buzzing Stocks After Latest Earnings Season. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other buzzing stocks after latest earnings season.
Markets were cheering the latest US-China trade deal, after which the two countries will significantly reduce tariffs on each other’s imports for 90 days. The deal practically negates all bear cases modeled by Wall Street analysts based on the impact of tariffs.
Sylvia Jablonski, Defiance ETFs CEO and CIO, called the deal a “game changer” during a program on CNBC.
“I think both countries probably saw a little bit of the demise of what would be here with a non-tariff deal as the data came in. You had a lot of complaints around China across all sectors and then in the US, retailers were reaching out to President Trump and saying that shelves are empty and, you know, a lot of panic about semiconductor software companies. I think that this is really a game changer for both countries, and the big message here is that both countries, it sounds like, decided that they really don’t want to decouple, and, you know, make America great might also mean that, you know, China stays.”
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.
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Number of Hedge Fund Investors: 99
Steve Westley from The Westley Group said in a latest program on Schwab Network that Tesla, Inc. (NASDAQ:TSLA) may not have hit the rock bottom yet and pointed out the key problems visible in the company’s Q1 report.
“I mean Tesla’s had the quadruple whammy this quarter. No new product, no date for the $25,000 Tesla a lot of people are looking for in delayed uh launch of the new cheaper Model Y. They’ve got a polarizing brand, US sales down 13%, sales in Europe down 43% — that’s a lot. Huge and growing competition from BYD and the other Chinese were coming out there with lower cost vehicles, and FSD is late, paused rollout in China, no approval yet in Austin. Those are four pretty big problems to solve.”
