Veteran Trader Says Tesla May Recover Despite Protests And Boycotts. Shares Trading Under $200 Could Offer Buying Opportunity

Benzinga

Tesla's stock has declined due to public backlash over CEO Elon Musk's budget cuts and his involvement with the Trump administration, according to The Street. The company faces violent incidents at its facilities, record-high Tesla trade-ins, and increasing EV competition from Ford, Chevrolet, and Volkswagen. Veteran trader Ed Ponsi said a Tesla recovery is possible, pointing to the company’s diversified portfolio,  including Full Self-Driving, Cybercab, and Optimus robot. Ponsi noted that other embattled companies have rebounded after the controversy, and Tesla shares trading under $200 could offer a future buying opportunity.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Tesla stock has declined due to public backlash over CEO Elon Musk's budget cuts

00:06and is involved with the Trump administration, according to The Street.

00:10The company faces violent incidents at its facilities, record-high Tesla trade-ins,

00:14and increasing EV competition from Ford, Chevrolet, and Volkswagen.

00:19Venture trader Ed Ponzi said a Tesla recovery is possible,

00:23pointing to the company's diversified portfolio, including full self-driving,

00:27CyberCab, and Optimus Robot. Ponzi noted that other inbound companies have rebounded after

00:32controversy, and Tesla shares trading under $200 could offer a future buying opportunity.

00:37For all things money, visit Benzinga.com.

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