ZINGER KEY POINTS

Michelle Ong
2022-06-05


Tesla's June quarter deliveries could be in-line or slightly miss estimates.

Tesla, though seeing a slight hit in the near term, could bounce big once consumer spending stabilizes.

Tesla, Inc. chief executive officer Elon Musk created a furor this week by communicating to employees his intent to slash 10% of salaried jobs at the company. He blamed the proposed action on the economy.

Tesla analyst and Loup Funds co-founder Gene Munster offered his take on the development.

Tesla Not Immune to Recession: Musk's comments about job cuts suggests a recession would have a "small negative" effect on Tesla, Munster said. The analyst noted that there are already signs of a dip in the broader U.S. auto market.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment