Tesla's Stock Is Down, But The Long-Term Story Appears Super Solid via insideevs.com
Lawrence Nga has pointed to two specific talking points surrounding Tesla’s stock. While revenue growth and net income were stifled by price cuts in Q1, Nga recommends focusing on the company’s plans to become the electric vehicle industry’s lowest-cost producer, and on its impressive balance sheets — both of which he says “should produce tremendous benefits for the future.
Nga posits that investors should focus on long-term potential, rather than near-term struggles, adding that it will take years for Tesla’s sales volume to truly show its benefits. However, the Model Y also became the best-selling non-pickup in Europe and the U.S. in Q1, showing a clear increase in sales volume.2. Tesla’s Cash Balance Sheet is ‘Rock-Solid’
Tesla’s strong cash flow can help the company remain stable despite ongoing economic uncertainty when consumers may be less likely to make large purchases, like an EV. It also gives Tesla added flexibility in managing long-term objectives, such as the company’s plans to build a high-volume next-generation EV platform at an upcoming Gigafactory Mexico.
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