Investor Bryn Talkington said Friday that there’s one factor behind Tesla’s recent dismal stock performance: There’s now a buying opportunity in the electric-car maker. Shares of the electric vehicle maker hit their lowest level since August 2020 on Friday after the company slashed prices of Model 3 and Model Y vehicles in China. However, shares rallied again by midday with the broader market. Tesla’s TSLA 1D bar hits a 52-week low. However, Tesla’s stock has plummeted, up 65% in 2022. Talkington, managing partner of Requisite Capital Management, saw an opportunity, selling shares of Tesla. General Motors late last year to buy Tesla . She paid $120 per share, but also sold her call option in April, ending with an underlying cost of $110, she said. “For me, it’s a great story,” Talkington said on “Halftime Report” on Friday. The company is still in its early days, she said, and still has a lot of work to do. “You want to buy a good company, great CEO, lots of runways, and I think I have a good starting point,” added Talkington, noting that she thinks earnings will likely double in two years. year. She doesn’t mind the price drop in China, noting that Tesla is doing very well there. CEO Elon Musk has made the decision to focus more on volume than profit right now to stay competitive and drive demand, Talkington pointed out. She suggests that investors should step back and look at the bigger picture and the fact that Tesla shouldn’t be valued simply as an auto company. “It’s a car company. It’s also a semiconductor company. It’s a software company,” Talkington said. “They own the booster network.” TSLA Mountain 1-Year Tesla’s Severe Decline Over the Past Year On Monday, Tesla reported Q4 production and delivery numbers that fell short of analyst expectations, which also sent the stock plunging. . The next day, Ark Invest’s Cathie Wood snapped up Tesla stock, adding 144,766 to his flagship ARK Innovation ETF and 31,336 to the ARK Robotics & Automation Technology ETF. Tesla’s dramatic drop has prompted some Wall Street analysts to also see a buying opportunity. On Thursday, Edwards Jones analyst Jeff Windau upgraded it to buy from hold, saying the stock currently looks cheap amid the company’s long-term growth outlook. Mizuho and RBC both recently reiterated their buy ratings, and Baird selected Tesla as the top pick for 2023.