Thomas Carr, also known as Dr. Stoxx, recently told Benzinga that investors might want to consider Tesla Motors Inc TSLA on any weakness after Wednesday's earnings.
"The November shortfall in production was a temporary setback as the company tools up to bring Model X online, which will be a huge revenue stream for Tesla," Carr explained.
"The delivery numbers, which were lowered to 32,000, is not the key to watch."
What is? "The forward guidance on the Model X," Carr said.
The strategist warns that if there is another push-back on the Model X delivery timeline, Tesla shares could drop "sharply."
That, he said, might present a good opportunity for investors.
Tesla is down 3 percent during mid-day trading on Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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