Tesla tanks on earnings—here's what 3 experts are watching now $TSLA (via TradingNation)
But not all experts are turning bearish on Tesla. Here's what three of them had to say fresh off the report:
Gene Munster, founding and managing partner at Loup Ventures, said the market was discounting some key pieces of this report: "Tesla is always an emotional story. ... I'm going to try to go right down the middle and look at these results unemotionally. And I think that it is an overreaction. ... The stock should be down, as a starting point, because the expectation was that they would increase their gross margin from 20% to slightly higher. Recall a couple quarters ago ... that it was 24%, so this would be the third consecutive quarter of a decline.
Dan Ives, managing director and equity analyst at Wedbush Securities, called the report an outright "disaster" for the bulls. "For the bulls, this is a disaster story in terms of that gross margin. You already knew what demand was in terms of growth, but it comes down to can they do this profitably? You need to see something with a 2 in front of it. This is something that's definitely going to be a gut punch for the bulls in terms of that gross margin number. ...
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