It is not about that, it is the confidence loss from the CEO himself
Tesla Q3: Overreaction To Cybertruck Comments Creates Long-Term Opportunity
Tesla, Inc. Q3 earnings showed a decline in earnings, margins, and free cash flow, causing a decline in the company's share price.Despite the negative earnings report, Tesla has several catalysts coming up, including the Cybertruck launch which is a long-term catalyst for free cash flow growth.The market overreacted to CEO Elon Musk's comments about the Cybertruck ramp, in my opinion, and investors should focus on the long-term free cash flow ramp. Xiaolu Chu Shares of Tesla, Inc. slumped after the electric vehicle company submitted its third-quarter earnings sheet on October 18, 2023, which showed a steep Q/Q decline in earnings, margins and free cash flow. Comments about the Cybertruck ramp from CEO Elon Musk also didn't help. Nonetheless, Tesla has a number of catalysts for free cash flow growth, and investors appeared to overreact to Elon Musk's Cybertruck comments, the margin downtrend, as well as the company's CapEx situation. Long-term investors may want to hold on to their
Tesla Q3: Overreaction To Cybertruck Comments Creates Long-Term OpportunityDisclaimer: 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.