Tesla (NASDAQ:TSLA) investors haven’t had much to cheer about since the turn of the year, with shares declining by 28%. As the first quarter nears its end, could the electric vehicle powerhouse be gearing up for a positive turnaround?
According to Oppenheimer’s Colin Rusch, a 5-star analyst rated in the top 1% of the Street’s stock pros, recent actions by Tesla suggest this possibility may be on the horizon.
“With TSLA announcing planned price increases across geographies and reports surfacing about moderated production in China, we believe the company is working to deliver as many vehicles as possible before quarter end and managing supply/ demand balance as it shifts focus toward maximizing value capture per vehicle away from unit growth,” Rusch opined.
Next month, the company intends to increase its Model Y prices across all major sales regions, and with that in mind, Rusch believes “many potential buyers…
