Hey there, financial enthusiasts! You won’t believe what just happened to Tesla’s stock! Wall Street analyst Adrian Yanoshik just downgraded the stock to hold from buy, warning that it’s overdue for a downshift after its sizzling 54% year-to-date run. He cites valuation as the main reason, as investors are eagerly waiting for a cheaper new vehicle model and other technologies to bear fruit. But that’s not all, folks. Tesla’s investor day was a bit of a letdown, as they didn’t unveil the speculated cheaper new model. And to stoke demand, they even cut prices on their high-end Model X and Model S. Plus, the National Highway Traffic Safety Administration just announced a probe into the Model Y related to a potential steering-wheel issue. It’s no wonder Yanoshik thinks investors need to adjust their timeline on when a cheaper Tesla will arrive and start contributing to profits. But let’s move on to Mullen Automotive, another electric vehicle (EV) maker, shall we? They just announced that their first two commercial EV products will be unveiled at the upcoming NTEA Work Truck Show. This event is a big deal for many investors, as the company’s focus on electrifying commercial fleets is seen as the future. Unfortunately, the market isn’t responding favorably, with the stock losing nearly 9% in early afternoon trading. Let’s keep an eye on this one and see how it develops. And for those of you who are on the lookout for mispriced penny stocks, have you heard about Troika Media? It might just be one of the most undervalued penny stocks of the year, with its fundamentals and balance sheet completely misunderstood by short-sellers. With the entry of an army of retail traders, the stock has nowhere to go but up. Of course, there are still risks involved, such as Blue Torch Capital cashing out and causing a panic, or retail investors losing interest. But for those with an appetite for risk, Troika Media is definitely worth keeping an eye on. It could deliver on its promises for moderate growth and be worth anywhere from $1 to $4.70 per share. Exciting times, my friends!
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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
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