Tesla’s Q1 results missed analysts’ forecasts, but the electric-vehicle maker’s shares surged 11% in after-hours trading as investors apparently focused on the company’s long-term plans to offer vehicles aimed below its current luxury niche.
Seth Goldstein, an equity strategist at Morningstar tells Forbes that despite the current slowdown in electric-vehicle sales, Tesla’s plans to broaden its market, the expansion of high-power charging stations and technological advances in areas like self-driving software and automatic parking are positive signs for the carmaker.
Watch the full interview above.
