Lead-Lag Live cover image

Tesla's Strategic Move: Gary Black Analyzes Recent Price Cuts with Michael Gayed

Lead-Lag Live

00:00

Tesla's Position Down Before Earnings

We took our position down before earnings because we thought and I published the show on Twitter, you know, there's four reasons it would cause us to sell a stock. It was really the near-term expectations had gotten too high and there was better risk reward elsewhere. Tesla used to be a 10% position. Now it's under six. So from a valuation standpoint, the stock seems pretty cheap. And so people have asked me since we tookOur position down, if you have a 320 price target, why would you sell? If you think that the estimates are too high, and as you've got attention to this today, look at Chipotle where the stock's up 12%.

Play episode from 09:00
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app