Despite Tesla’s (TSLA) first quarter earnings missing estimates on the top and bottom lines, Barclays senior autos analyst Dan Levy says the results were "net positive" for the stock. Levy joins Morning Brief with Madison Mills and Brad Smith to explain how he’s weighing the potential of the Tesla narrative with the company’s weak fundamentals, comparing sentiment around the stock to that of bitcoin (BTC-USD).
Tesla (TSLA) CEO Elon Musk’s leadership in US President Trump’s controversial Department of Government Efficiency (DOGE) has weighed on the electric vehicle (EV) giant’s image and sales. Stifel NextGen transport analyst Stephen Gengaro tells Morning Brief hosts Madison Mills and Brad Smith that the negative sentiment surrounding Tesla is "a short-term headwind for sales" that "has an impact," but has been "a bit overblown in the media." He compares Tesla’s current brand crisis to that of Anheuser-Busch (BUD), Nike (NKE), and Target (TGT).
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here: https://finance.yahoo.com/videos/series/morning-brief/
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