Tesla’s (NASDAQ:TSLA) Q4 deliveries were disappointing, missing Wall Street expectations, while the company also fell short of its annual delivery target. Tesla had projected “slight growth” in 2024, but instead, its deliveries declined by 1% compared to 2023.
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That put a bit of a dent – albeit, temporary – in the supercharged sentiment that has developed around the stock since Trump’s November election win. Since then, shares have a been on a big run, having gained 63%, with investors viewing CEO Elon Musk’s involvement in the new regime and his potential to influence the regulatory backdrop as extremely positive for the Tesla story.
However, that take, says Canaccord analyst George Gianarikas is “nothing more than cynicism.”
“We’re not naïve; we just don’t think the world is that simple – particularly considering President-elect Trump’s seemingly negative view…
