Tesla is "expanding into insurance, robotaxis, and other sci-fi projects/endeavors when the company instead should be laser focused on shoring up core demand for Model 3," Wedbush says.
(Presumably cheaper) insurance and robotaxis are efforts to drive demand. I have no idea what other "sci-fi" projects he's referring to
"Tesla is facing a quagmire as the company is in the midst of building out its next flagship factory in Shanghai with Giga 3, in the early stages of tooling/blueprinting its next Model Y for production slated for 2020, and ramping production of its mid-range and base Model 3 in the US, all while facing a growing cash crunch and high expense structure issue," Ives added.
Giga3 and Y are all about growth. Why would they be ramping production if demand is such a problem? Growing cash crunch? They just raised $2.7B, are getting $2B from FCA, plus another $2.2B in cash already in the bank.
It's amazing anyone listens to analysts like this when making trade decisions. They are completely clueless and just spout whatever talking points drive their agenda, either personal or for the firm itself.