Nelson: Why Ford is a Hold Rating, Gauging TSLA's Valuation Model

Ahead of Ford (F) earnings, "it's all about the guidance," says CFRA's Garrett Nelson. The U.S. automaker reports 2Q earnings after Wednesday's close. CFRA has a hold rating on Ford with an $11 price target. Garrett says valuation is a concern for Ford as it trades "to a premium compared to General Motors" and says Ford trails GM in domestic auto sales. Later, he turns to Tesla (TSLA) saying it should be viewed as a tech company based on its valuation and business lines its entering beyond automotive.

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