Tesla, Inc. (NASDAQ:TSLA) shares extended their gains for the third consecutive session on Thursday, following the release of the electric vehicle maker’s quarterly results. Gary Black of Future Fund shared his insights on the stock’s movement and the company’s future trajectory.
What Happened: According to Black, the 17.6% surge in Tesla’s stock post-earnings is attributed to the optimistic product outlook conveyed in the earnings report and confirmed by CEO Elon Musk during the earnings call.
“There is no other way to interpret this language than that TSLA is readying new more affordable models using both the next gen and existing manufacturing platforms for first production by 2025/1H,” the analyst said. This, according to ...