30.03.2020 Tesla Daily Analysis

30.03.2020 Tesla Daily Analysis

Tesla stock was down on Friday by 2.61% and closed at $514.36. Tesla's pullback might generally be because of the whole stock market decline.  However, the sentiments of one Wall Street analyst might also have had a role to play in a slight decline. GLJ Research's Gordon Johnson feels that investors should sell their Tesla stocks noting that the company will likely report negative free cash flow of $1.6 billion as deliveries take a hit in Q1. On that note, Tesla will release quarterly figures this week amid plunging sales and factories shut down. However with the Fremont factory being shut and the Shanghai factory having been shut down briefly earlier this year production and delivery have and will be affected. However, two analysts seem optimistic about Tesla. Analyst Pierre Ferragu upgraded Tesla shares to the equivalent of Buy from Hold on Friday. In another Friday research report, Piper Sandler analyst Alexander Potter said Tesla stock should be bought on the recent “market dislocation,” according to multiple media reports.