Thursday is light on the earnings front, while the release of notes from the European Central Bank's last monetary policy meeting is expected to shine some light on the path for interest rate cuts. Mining giantA Tesla short-seller has named two auto stocks that he believes have the potential to deliver 100% upside to investors.EV carmaker could"go bust"
The hedge fund manager said that the"Tesla bubble" had created what he called an"anti-bubble" in the auto sector, causing investors to be overly bearish on companies that are actually performing well. Lekander named the two auto stocks that could double in share price from current level as the Tesla bubble deflates.Some investors may be hesitant about buying Tesla right now, but one analyst is bullish on the stock.Shares also took a hit on Tuesday, after Tesla delivered far fewer cars than expected by analysts polled by FactSet in the first quarter of the year.
One global autos analyst, however, sees opportunities in investing in Tesla, particularly in the longer term. "The stock, despite this performance today, is only down like 4.5%, which makes me think that expectations are already really low," Tom Narayan from RBC Capital Markets told CNBC's"Squawk Box Asia" on April. 3.Wednesday is light on the corporate earnings front, but inflation data is due out of the euro zone and Turkey.