CNBC's "Fast Money" Tesla Bulls’ Last Straw… And U.S.-China Relations In Focus 4/2/24
Apr 2, 2024
Tesla's stock drop and potential inflection point for EV maker. U.S.-China tensions with Biden-Xi call. TikTok integration. Intel's foundry business strategy for profitability. Challenges in retail sector and stock decline. Housing market dynamics and high mortgage rates impact. Streaming industry analysis and investment tips.
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Tesla at an Inflection Point?
- Tesla's Q1 deliveries missed estimates, causing a stock drop and raising concerns about demand.
- This could be an inflection point for the company, especially if margins disappoint.
Factors Affecting Tesla's Decline
- Tesla's delivery decline is likely due to a combination of factors, including increased competition and pricing strategies.
- The company's miscalculations and the overall economic environment pose challenges.
Tesla Investment Strategy
- Consider buying Tesla stock when it reaches a lower price point, potentially around $100.
- This strategy offers a potential 100% return when the company eventually recovers.