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Ep. 225 Simon Erickson: Finding Hidden Winners In Hot Investing Themes

Investing With IBD

CHAPTER

Tesla's Stock Succeeds

Wolfspeed's market cap of $8 billion and they've made statements that they're expecting I believe the number was $4 billion in revenue. The last presentation earlier this year they revealed they're going to cut back on the silicon carbide content in their next generation vehicles by up to 75%. Now, there's an interesting context in that of course that caused this stock to sell off nobody wants to hear your largest customer is cutting back on their usage. But it's also likely they were using too much in the first place.

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