Looking to invest in EVs? Yahoo Finance is here to help with a team of experts providing their advice on Tesla stock performance, price cuts, Ford's EV plan, competition in the EV market, and more.
Tesla stock volatility
S3 Partners Head of Predictive Analytics Ihor Dusaniwsky told Yahoo Finance that "short sellers like the volatility because they can get a big bang for their buck."
Tesla valuation
ROTH Capital Partners Senior Research Analyst Craig Irwin thinks that "there are a lot of other companies that are going to be successful here too, and the valuation is egregious."
Tesla price cuts
Meanwhile, RBC Capital Markets Analyst Tom Narayan said, "Tesla has the ability to cut pricing, and I actually think that other automakers are inevitably going to have to follow suit."
Ford's EV plan
"Ford is all in on electrification," said Ford Model E VP of Electric Vehicle Programs Darren Palmer. "We are, of course, monitoring the situation for pricing, and we will adjust how the market sees fit."
Full video transcript:
Ihor Dusaniwsky (00:00:05 -> 00:00:28) - It's a tech stock that's kind of a bellwether for the group. So it's got huge volatility, short sellers like the volatility because they can get a big bang for their buck when the stock goes up or down. So when you see these huge losses, you'll see people getting squeezed in the stock and short sellers will cover. The thing with Tesla that's interesting is that when one person gets out, another person gets in. It's kinda like the WWE, keep getting tagged in.
Craig Irwin (00:00:28 -> 00:00:51) - It's a great company, great products, love the fact that they pioneered this market, but there are a lot of other companies that are gonna be successful here too. And the valuation is egregious. EVs are inevitable. There's gonna be a lot of companies that are successful. There are going to be a lot of companies in the supply chain, either on the battery side or the component side that are going to be successful. I just don't think Tesla is the one to invest in here. I think there are other great names.
Darren Palmer (00:00:52 -> 00:01:12) - Ford is all in on electrification. We are seeing massive demand for our products. So we had to invest a lot of money to increase the production and at the moment we are completely sold out of all of the vehicles. We are of course monitoring the situation for dynamics for pricing, and we will adjust as the market sees fit and how our customers value our products.
Tom Narayan (00:01:12 -> 00:01:27) - So I think Tesla is just being the first one out the gates to cut pricing. Remember pricing went up a lot in 2022. Tesla has the ability to cut pricing, and I actually think that other automakers are inevitably gonna have to follow suit.
