The billionaire's spat with the SEC has created a buying opportunity, one analyst said.
Tesla may unveil the Model Y this year — here's everything we know about the vehicle so far"We believe management is cognizant of the short-term need to reassure investors on Model 3 demand and margins," he said.
Adding another product to the mix could complicate Tesla's on-going headaches surrounding production ramp and delivery logistics. It's not a bid to boost Tesla's stock price ahead of the $920 million bond conversion. The notes' observation period has ended with shares below the convert price of $359.88, and Bloomberg reported that the companyDebt payments aside, Kallo says investors should focus on long-term fundamentals to avoid the"constant noise" around Tesla.
"The SEC recently requested a federal judge hold Musk in civil contempt which added to significant noise in recent weeks," Kallo said. "We think share weakness has created a buying opportunity for investors willing to focus on improving company fundamentals."
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