Navigating Tesla's R&D Strategy Amid Stock Volatility

Tesla, along with Apple and Alphabet, has seen a decline in stock performance this year, prompting discussions on whether it presents a buying opportunity. Canaccord Genuity LLC Managing Director George Gianarikas suggests that for Tesla to improve its stock performance, it needs to ramp up its next generation vehicle, increase margins through full self-driving penetration leveraging AI, and continue growth in its energy storage business. Despite recent challenges, he believes that Tesla's stock has overcorrected to the downside and presents a potential buying opportunity, with a price target in the 230s based on increased volumes and improved margins in the future.