Piper Sandler’s latest investment note on Tesla constitutes a manna of sorts for the dilapidated bulls, bestowing the right dose of euphoria to overcome investors’ gloomy mood following last week’s earnings disclosure for the second quarter of 2024, which among other things showed that the EV giant’s automotive gross margin (ex-regulatory credits) continues to crater. Piper Sandler on @Tesla: “Investors have grown accustomed to ignoring Tesla’s hyperbole around full self-driving. However, judging by reviews on X, Tesla’s update to version 12.5 is “revolutionary.” The firm thinks investors should consider the possibility that Tesla’s decision… https://t.co/prz3PPoGrx — Sawyer Merritt (@SawyerMerritt) July […]
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