January's stock market action provided a white-knuckle ride for most. Of course, the wild action comes against a backdrop of a tightening Fed and what Wedbush’ Daniel Ives terms a “valuation scrutinized market,” which has especially impacted the growth space. Often cited as the poster boy for overvalued stocks, Tesla (TSLA) stock has also been under “considerable pressure.” However, with the EV leader about to report Q4 earnings on Wednesday after the close (Jan 26), and demand currently outstripping supply by roughly 30% globally according to Ives’ estimates, the analyst believes the “emerging fundamental story at Tesla will be back in focus.
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Tesla (NASDAQ:TSLA)
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