Tesla (TSLA) reported second-quarter results after Tuesday’s market close, posting revenue that beat expectations while profits fell short. This mixed performance has led to a decline in the company’s stock price. Laffer Tengler Investments CEO and CIO Nancy Tengler joins Catalysts to discuss why this dip presents a buying opportunity for investors.
Tengler advises investors to purchase Tesla shares during “periods of chaos.” She argues that Tesla investors are not solely focused on EV growth, but rather on “the other elements of the business.” Tengler highlights segments such as utility-grade batteries, robotaxi technology, and full self-driving capabilities, stating: “I think you’re buying a company that’s an AI company and less so a car company.”
Addressing Elon Musk’s support for Trump in the upcoming election, Tengler says, “Elon is one CEO you don’t want to underestimate.” She notes that Musk often makes “provocative” statements that generate headlines, creating a cycle of media attention.
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