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Tesla Stock: Potential Catalysts Not Enough to Turn Fully Bullish, Says Analyst
Not quite.Despite highlighting recent accomplishments such as “profits in the past 4 quarters and record deliveries,” Bagri refrains from giving Tesla his full backing.This is due to “increasing competitive pricing pressure, increasing OpEx to support Gigafactory Shanghai and Model Y ramps, and the automaker’s history of profitability issues.”Additionally, as the company scales manufacturing of the Model Y and Cybertruck, Bagri anticipates there will be other “obstacles and setbacks.”Accordingl