Video - Tesla's Stock: Soaring or Stumbling?

Tesla's stock has been on a wild ride, surging over 36% in the past month. But with Q2 earnings just around the corner, will the momentum continue? Analyst Dan Levy thinks there may be a bump in the road ahead. Despite Tesla's lead in the EV market and its promising AI ambitions, Levy sees near-term headwinds that could pressure the stock. One major concern is Tesla's gross-profit margin, which Levy expects to thin to 16% amid the ongoing EV-price war. However, he notes that record energy deployments and improving margins might offset some auto weaknesses. Another factor is the highly anticipated robotaxi launch, which has been hinted to be delayed until October. This could add to the uncertainty surrounding Tesla's stock. Levy maintains an equal-weight rating, citing the need for potential midterm estimate cuts on weaker volumes and considerable uncertainty regarding when fundamentals will improve. Will Tesla's stock continue to soar or take a temporary hit? Only time will tell.