TruckElectric
Well-known member
- First Name
- Bryan
- Joined
- Jun 16, 2020
- Threads
- 609
- Messages
- 2,004
- Reaction score
- 1,493
- Location
- Texas
- Vehicles
- Dodge Ram diesel
- Occupation
- Retired
- Thread starter
- #1
Prominent Tesla Bear Says Shares Could Trade Below $800 in Near-term
Stock MarketsApr 07, 2022 07:35AM ET
© Reuters. Prominent Tesla (TSLA) Bear Says Shares Could Trade Below $800 in Near-term
GLJ analyst and a prominent Tesla (NASDAQ:TSLA) bear Gordon Johnson says shares could trade below $800 in the near term.
TSLA is in a downtrend, and has bounced off upside resistance three times now (a dynamic that solidifies the trendline is significant “ i.e., when rejected three times, the trendline become significant," Johnson said.
His comments come after the report emerged that Tesla is recalling 127,785 Model 3 units in China due to manufacturing defects. Tesla's Model 3 vehicles, both imported and China-made, were reported to have minor manufacturing differences in their rear motor inverter power semiconductor parts, as per CnEVPost.
As a result, the defect may cause the inverter to malfunction after the car has been used for a certain period.
The recall includes 34,207 imported Model 3 vehicles and roughly 93,578 China-made units, produced between Jan. 11, 2019, and Jan. 25, 2022.
Tesla plans to update the motor control software in the defective vehicles using the remote vehicle upgrade (OTA) technology, free of charge.
Johnson says the focus will now be on whether the US NHTSA will choose to ignore the recall or take any action.
"Who knows but this seems like a big one," Johnson told clients.
Tesla shares are up 2% in pre-open Thursday.
By Senad Karaahmetovic
https://www.investing.com/news/stoc...uld-trade-below-800-in-nearterm-432SI-2799794
Gordon Johnson: Tesla's Shanghai Factory Could Be Down Until "At Least" Mid May
"In discussions last evening with one of our on-the-ground contacts in China, we were told TSLA’s Shanghai plant will be down until 'at least' mid-May (and not fully-ramped up until 'late 3Q22’ – yes, you heard that right)," Johnson wrote.
https://www.zerohedge.com/markets/g...hai-factory-could-be-down-until-least-mid-may
GLJ analyst and a prominent Tesla (NASDAQ:TSLA) bear Gordon Johnson says shares could trade below $800 in the near term.
TSLA is in a downtrend, and has bounced off upside resistance three times now (a dynamic that solidifies the trendline is significant “ i.e., when rejected three times, the trendline become significant," Johnson said.
His comments come after the report emerged that Tesla is recalling 127,785 Model 3 units in China due to manufacturing defects. Tesla's Model 3 vehicles, both imported and China-made, were reported to have minor manufacturing differences in their rear motor inverter power semiconductor parts, as per CnEVPost.
As a result, the defect may cause the inverter to malfunction after the car has been used for a certain period.
The recall includes 34,207 imported Model 3 vehicles and roughly 93,578 China-made units, produced between Jan. 11, 2019, and Jan. 25, 2022.
Tesla plans to update the motor control software in the defective vehicles using the remote vehicle upgrade (OTA) technology, free of charge.
Johnson says the focus will now be on whether the US NHTSA will choose to ignore the recall or take any action.
"Who knows but this seems like a big one," Johnson told clients.
Tesla shares are up 2% in pre-open Thursday.
By Senad Karaahmetovic
https://www.investing.com/news/stoc...uld-trade-below-800-in-nearterm-432SI-2799794
Gordon Johnson: Tesla's Shanghai Factory Could Be Down Until "At Least" Mid May
"In discussions last evening with one of our on-the-ground contacts in China, we were told TSLA’s Shanghai plant will be down until 'at least' mid-May (and not fully-ramped up until 'late 3Q22’ – yes, you heard that right)," Johnson wrote.
https://www.zerohedge.com/markets/g...hai-factory-could-be-down-until-least-mid-may
