The Bottom is in For Tesla: Watch This Before Buying the Bounce
Tesla NASDAQ: TSLA shares are up more than 10% following the Q1 earnings release, and they may move higher, but investors should not expect a sustained rally; they should only expect volatility. The news driving the market is good but so futuristic that it will not impact operations positively for at least twelve months. It is nothing more than a relief rally.
Among the drivers are plans to build out a robotaxi fleet, the lean into AI, and cheaper models. Between then and now, the company faces many headwinds, including a tepid EV market, fierce competition, tightening margins, and negative cash flow.
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