Tesla (TSLA) is performing so well today that the bears have grabbed some burger-free stories and tried to draw great results in poor light conditions.
You can smell despair.
Last week, Tesla announced the delivery and production results for the first quarter of 2021.
The automaker delivered 184,000 vehicles in the first three months of this year, exceeding almost all expectations of industry observers.
Tesla’s deliveries increased by 110% year-on-year, and broke its own record for the highest delivery in history.
Wall Street has been digesting the results, and after Tesla exceeded expectations, most analysts had to revise their estimates.
However, none of the analysts, Gordon Johnson, GLJ Research analysts and Tesla could not bear it for a long time.
Johnson did not focus on Tesla̵
This unconfirmed rumor was shared on social media today and pointed out that Tesla discounted 1,000 Model 3 vehicles for employees of CATL, one of Tesla’s battery suppliers:
Johnson pushed this story to the financial media website and said via Street Insider:
“Well, if TSLA does not order cars without discounts, TSLA has no reason to sell 1,000 cars at a 20% discount. Therefore, at the end of the first quarter of 21, TSLA’s car orders have been used up, so the price must be reduced 19 -30% cars are given a 20% discount.
China is an important market for Tesla and is expected to contribute more than 40,000 vehicles in the last quarter.
According to the Tip Tips ranking, Gordon Johnson is one of the world’s worst financial analysts. Among the 7,425 analysts on the platform, he ranks 7,161.
That’s where the Tesla Bear is now? Tesla provided a record number of vehicles-exceeding all expectations, instead they focused on unsubstantiated rumors from unnamed social media?
The despair is obvious.
Even if the rumors are true, who cares? Considering all of Tesla’s business with CATL, this may be part of a larger deal.
Although Tesla has not yet reached the production capacity of millions of vehicles per year, it has become a major car manufacturer, and it will be impossible for a bear car manufacturer as Johnson said after many years.
Now, they don’t know what to do, they are holding on to the straw, trying to paint Tesla under the harsh light.
There are still many “TSLAQ” people there, but they are not as loud as they used to be and they are not so popular on Wall Street.
Johnson is the last analyst, which is not surprising, because he seems to be one of the worst analysts in the world. This is said because there are many people who are terrible at this job.
According to Tip Ranks, his rating on Tesla’s stock is “sell” because the price of the stock is $60, and the current price is close to $700, and he has Green companies (such as SolarEdge) have also made similar bad calls.
Among the very bad people, he is very bad. My understanding is why his investment in Tesla was adopted by financial media such as Street Insider.
Full disclosure: I own TSLA stock.
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