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JMP Analyst Sees Tesla Coming Out Of Crisis Stronger

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JMP Analyst Sees Tesla Coming Out Of Crisis Stronger

On CNBC's "The Exchange," Joseph Osha of JMP Securities spoke about Tesla Inc (NASDAQ: TSLA).

He said there is a perception from the last year that the company is not financially stable, but it has made an enormous headway as it's going to come out of this quarter with more than $7 billion in cash. So the company is not really that dependent of the financial market.

Osha feels better about Tesla's market share competitiveness than he did six months ago. He explained that its competition is going to pull back from their commitment to developing electric vehicles, particularly in the United States because of the low gasoline prices.

Osha expects Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) to return to sales of big pick ups and SUVs. Low gasoline prices could negatively impact electric vehicles market, but he thinks Tesla is going to have a bigger share of a potentially smaller market.

Related Links:

Ford Terminates Electric Vehicle Program With Rivian

Hedge Fund Manager Makes Bold Tesla Prediction Ahead Of Earnings

 

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Posted-In: CNBC Joseph Osha The ExchangeAnalyst Color Media

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