"Across the board" the price cut is "much worse than you think," says Gordon Johnson. He discusses Tesla (TSLA), as GLJ Research has a sell rating on Tesla with a $73 price target. He notes that cuts come to Tesla after factory production was cut by 30% last month and a 14-day shutdown planned. He talks about how it seems as if new orders in China are "close to zero." He then goes over how Tesla reduced the price of the Model 3 and Model Y in China. He then goes over the bear case for Tesla. Tune in to find out more about the stock market today.
06 Jan 2023