*By Amanda Weston* The chief strategist of Bubba Trading is casting doubt on the demand for Tesla's Model 3. "I don't know that I necessarily agree with there's demand there," Bubba Trading's Todd Horwiz told Cheddar Wednesday. "I think it's a great car. I think it's a great concept. I think it's an extremely overvalued company, and I think the CEO has got some issues that he's got to deal with." Wedbush Securities analyst Dan Ives made [his prediction](https://www.cnbc.com/2018/12/26/demand-for-tesla-model-3-looks-very-strong-into-2019-and-beyond.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard) Wednesday, saying demand for the Model 3 "looks very strong." But for Horwitz, it all comes down to dollar signs. "Let's get to the real core of the issue: they still don't make any real money," Horwitz said. "Again, I love the car. I would have no problem buying one myself. But at the end of the day, you've still got to make money in this business. It can't be continued on dreams and hoping that you can fulfill, but you have to actually fulfill. And I don't see that happening, especially with some of the underlying problems that \[CEO Elon Musk\] creates." Ives noted China appears to be "major growth catalyst." His comments follow Tesla price cuts in the country; but Horwitz agrees China presents a big opportunity. "Certainly, a place like China would be a dramatic spot for Tesla ($TSLA) to start even production, doing everything, because they've got the infrastructure," he said. "They've got certainly the demand because they're trying to get off of fossil fuels already. So there's a lot of good things that can happen from there. But the question is will it? Will it get done? And will Elon Musk allow it to get done? Those are a lot of key questions that remain to be answered." As for what it would take to change Tesla bears' minds ー again, it's about the money. "I think if they can make money and show to the bottom line that they can consistently produce, consistently make money, and start to grow from there, and not have to go out and have to always be on the rope to possibly have to raise capital to stay in business, I think that would turn the company around," Horwitz said. For full interview [click here](https://cheddar.com/videos/tesla-is-an-extremely-overvalued-company-bubba-trading-chief-strategist-says).

Share:
More In Business
Re-Wiring After a Career in the NFL
Marques Ogden, former NFL offensive lineman turned author and celebrity success coach, joins Cheddar to discuss his career transition after his NFL playing days and how he overcame a low point to prioritize family and re-shape his life as a success coach.
Diversity, Equity, and Inclusion Helping Fuel the Return to Work
On this episode of On the Job, Mark Bowen, General Manager at Midnight Sun in San Francisco, discusses how the pandemic affected LGBTQ+ nightlife and the return to work for service industry workers; Drew Lewis, VP Diversity, Equity, and Inclusion & Talent, ADP, breaks down how DE&I practices can drive greater business value and how organizations can effectively create an action plan for supporting DE&I in the workplace.
Stocks Close Lower on the Last Trading Day of the Month, But S&P and Dow Both Rose in May
Stocks closed lower to end the last trading day of May, but the S&P 500 and the Dow Jones both rose over the past month. The Federal Reserve in early May raised interest rates by half a percentage point as it tries to fight inflation, but the question continues to linger: will we enter a recession as we try to tame inflation? Anthony Saccaro, Founder & President of Providence Financial, joins Closing Bell to discuss today's close, the possibility of a recession, where he is telling clients to look for opportunities, and more.
State of the Semiconductor Industry: One Company Scoops Up a Cloud Computing Firm, While Others Lower Outlook, Prepare to Raise Prices
The semiconductor industry is at an inflection point as it tries to fully recover from the worst of pandemic-era headwinds. While Broadcom has announced it will buy cloud computing company VMware, Nvidia is lowering its current quarterly outlook. Meanwhile, TSMC and Intel are contemplating raising prices -- again -- thanks to higher materials costs. Where does the industry go from here? Ted Mortonson, technology strategist at Baird, joins Closing Bell to discuss.
Load More