In its first quarterly earnings call since becoming a blue-chip stock on the benchmark S&P 500 index, Tesla (NASDAQ:TSLA) disappointed and missed Wall Street estimates nearly across the board.
The group targeted specific companies who have a high number of their shares shorted, and initiated one of the largest coordinated short squeezes in history.
Supported by the strong demand for Radeon, EPYC, and Ryzen processors, the revenues for Q4 are expected to grow by 41.7% from the same quarter last year to around $3 billion.
In this article, we will discuss risks surrounding the stock and forecast the possible direction of the stock given the evolving situation related to the pandemic.