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Why the spark's gone from Tesla Motors
Peter Garnry
09 May 2014 at 9:54 GMT
Video / 09 May 2014 at 9:54 GMT

Why the spark's gone from Tesla Motors

Peter Garnry
Tesla Motors appears, at least temporarily, to be out of favour. Its shares are down 17 percent in four days. However, this is a stock that's risen by more than 250 percent in a year. So what's going on?
Peter Garnry, Saxo Bank's Head of Equity Strategy, says there are a number of reasons for the disappointing performance. He says there are supply constraints and the quarter didn't reflect sales from China. However, he still feels confident about Tesla's future.
Tesla's new 'giga-factory', in association with Panasonic, could be revolutionary, according to Peter. It will enable Tesla to compete more effectively on cost. He also points to their earnings' potential. Their technology is so disruptive, he says, he's tempted to buy shares at this level. 
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