'Hold on Tesla and wait,' don't buy right now: Strategist

A Tesla (TSLA) shareholder vote approving CEO Elon Musk's enormous pay package has sparked renewed enthusiasm in the EV maker as it branches out from just an automotive company, branching out into AI, robotics, and energy.
Summit Global Investments CIO Dave Harden calls Musk's compensation package "excessive" and is bearish on the stock at this time.
"I wouldn't buy Tesla at this time. Elon Musk is an outspoken leader, and I think that there's going to be much more chatter and much more opportunity to get in when you can see clearly that the growth is going to happen. So the major growth is behind us. We know that, that's very clear, but I think you're going to hear more about that in the future," Harden tells Yahoo Finance, adding: "So if you're a managed risk investor I would probably hold off on this investment. If you're a growth investor, I would also probably hold on."
Yahoo Finance spoke with analysts and Wall Street experts who are expressing renewed bullishness on Tesla stock, including Wedbush's Dan Ives - whose latest call sees Tesla's market cap reaching over $1 trillion in 2025 - and Ark Invest (ARKK) Founder, CEO, and CIO Cathie Wood, who believes the stock price could reach $2,600 by 2029.
Also, Clean Energy Transition CEO and Portfolio Manager Per Lekander - a long-time short-seller of the stock - explained his latest price target on Tesla shares: $15.
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
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Пікірлер: 31

  • @lizi122
    @lizi12210 күн бұрын

    SELL WHEN YOU CAN BEFORE YOU GET CRUSHED BY THE BAG

  • @mylimomelbourne4757
    @mylimomelbourne475711 күн бұрын

    @chessdad182 Some people refuse to look through Galileo's telescope? When he demonstrated this, many highly intelligent people even refused to look through the telescope, so frightened were they of what they might see. Some people had such a strong dose of cognitive dissonance that they forced Galileo to his knees and made him withdraw his evidence and recant his discovery

  • @99cya
    @99cya11 күн бұрын

    dont worry. i wont buy more tesla. im still sitting on tesla stocks deep in the red.

  • @xiangli5829
    @xiangli582911 күн бұрын

    Where is your bloody tie?

  • @gareth5000
    @gareth500010 күн бұрын

    More lies

  • @sinkorswim7631
    @sinkorswim763111 күн бұрын

    Ok they worry about the main boss whatever

  • @gerritjanboeve
    @gerritjanboeve9 күн бұрын

    No way Tesla is growing. Model 3 and Y are like 70% of the entire revenue and they are already 5+ year old. People who wanted one, already have one!

  • @Scribemo

    @Scribemo

    9 күн бұрын

    Is it still the number one vehicle in the world?

  • @cybrfriends5089
    @cybrfriends508911 күн бұрын

    if Elon is cashing out, everybody should cash out now

  • @sinkorswim7631

    @sinkorswim7631

    11 күн бұрын

    How's he cashing out?

  • @zicotu9407

    @zicotu9407

    11 күн бұрын

    You mean 5 years after he exercises his stock option in the future?

  • @mr.majestic3851

    @mr.majestic3851

    10 күн бұрын

    Already did

  • @sinkorswim7631

    @sinkorswim7631

    9 күн бұрын

    Um he said 5 yrs and he's got plenty money so nice try

  • @mylimomelbourne4757
    @mylimomelbourne475711 күн бұрын

    Come on one more time is Tesla a car company ? The results of the voting proof this was Total miscarriage of justice but still here we are, is Tesla tech company or a car company? Go ahead, hold , make my day .

  • @mandelm2001
    @mandelm200111 күн бұрын

    Why have this guy on? He doesn’t know the basics. He’s talking about stock dilution? This stock only cost the company $2.6B.

  • @gerritjanboeve

    @gerritjanboeve

    9 күн бұрын

    Where do you think these billions are coming from? Other shareholders.

  • @mandelm2001

    @mandelm2001

    9 күн бұрын

    @@gerritjanboeve - Google it. It is stock, not money. The original cost has already been depreciated. And he can’t sell for five years.

  • @MacBjorn
    @MacBjorn14 сағат бұрын

    Im not a fan boy, but Tesla is cheap AF. Full Self Driving is almost ready, no other car company has it, nor will they have it...other companies will be forced to compete by leasing the tech. Bots are a couple years out. His AI expenditure and build out is massive. No one else is building this much.

  • @SisteenChapelCathedral
    @SisteenChapelCathedral9 күн бұрын

    🩸🦉

  • @user-od7ku2xz7c
    @user-od7ku2xz7c11 күн бұрын

    In my opinion this reporter needs to dress professionally.. like reporters on CNBC

  • @chessdad182

    @chessdad182

    11 күн бұрын

    Isn't this the same dress code as Walter Cronkite?

  • @shambrown

    @shambrown

    11 күн бұрын

    Who cares . Cool look !

  • @chessdad182
    @chessdad18211 күн бұрын

    Luckily I sold my Tesla stock before Musk became far-right Twitter man. I think a large part of the population is turned off by his antics and this has been a drag on Tesla.

  • @mylimomelbourne4757

    @mylimomelbourne4757

    11 күн бұрын

    Some people refuse to look through Galileo's telescope? When he demonstrated this, many highly intelligent people even refused to look through the telescope, so frightened were they of what they might see. Some people had such a strong dose of cognitive dissonance that they forced Galileo to his knees and made him withdraw his evidence and recant his discovery

  • @mr.majestic3851

    @mr.majestic3851

    10 күн бұрын

    You bet , Guy is unpredictable now

  • @TheBooban

    @TheBooban

    10 күн бұрын

    Wow, not just right, but far right. What makes him that? Who is just “right” then?

  • @ProfoundProductions

    @ProfoundProductions

    5 күн бұрын

    @@TheBoobanThe few normal people that’s left in the world.

  • @MacBjorn

    @MacBjorn

    14 сағат бұрын

    As a lifelong Democrat, it scares me to see the party abandon its values like free speech and pro war,.pro terrorist. It's wild. Meanwhile the Twitter files proved Democrats literally commit facism by working hand in hand to commit propaganda, censorship