Dan Ives On Tesla (TSLA) Worst Performer In S&P 500 & Apple (AAPL) In India

Tesla (TSLA) is among the worst performing S&P 500 stocks today. Dan Ives discusses TSLA's price cuts. TSLA has cut Model 3 U.S. vehicle prices by 11% this year. Wedbush is maintaining an outperform rating and says that TSLA has solid demand metrics, but the elephant in the room is softer margins. The analyst notes that margin compression and price cut narrative must be carefully managed over the coming quarters. Wedbush also has an outperform rating on Apple (AAPL). The analyst note says that the company is aggressively looking at India for both a production and retail expansion and could ramp annual revenue to $20B by 2025 in India. Tune in to find out more about the stock market today.