Investor Bryn Talkington said there was a sliver lining for Tesla’s recent dismal stock performance: There is now a buying opportunity for the electric vehicle maker. Shares of the electric vehicle maker hit their lowest level since August 2020 on Friday after the company cut prices for its Model 3 and Model Y vehicles in China. However, stocks bounced back in the middle of the night with the broader market. TSLA 1D bar Tesla reached a 52-week low Still, Tesla shares have been beaten down, tanking 65% in 2022. Talkington, managing partner Requisite Capital Management, saw an opportunity, selling shares of General Motors at the end of last year to buy Tesla. He paid $120 a share, but also sold an April call option, with a cost basis of $110, he said. “To me, it’s a great story,” Talkington said on Friday’s “Halftime Report.” He said the company is still in its infancy and still has work to do. “You want to buy a good company, a good CEO, a lot of runway and I think we have a good entry point,” added Talkington, noting that he thinks revenue will double in two years. They don’t care about price cuts in China, knowing that Tesla is doing well there. CEO Elon Musk has made the decision to focus more on volume than margins now to stay competitive and boost demand, Talkington said. Investors need to step back and look at the bigger picture and the fact that Tesla shouldn’t be valued just as a car company, he suggested. “It’s a car company. It’s also a semiconductor company. It’s a software company,” Talkington said. “They have a supercharger network.” TSLA 1Y mountain Tesla’s dramatic decline in last year’s population. On Friday, Tesla reported production and delivery numbers for the fourth quarter that missed analysts’ expectations, which also sent stocks tumbling. The following day, Ark Invest’s Cathie Wood acquired Tesla shares, adding 144,766 to the ARK Innovation ETF and 31,336 to the ARK Autonomous Technology & Robotics ETF. Tesla’s dramatic decline has some Wall Street analysts also eyeing a buying opportunity. On Friday, Edwards Jones analyst Jeff Windau upgraded to buy from hold, saying the stock now looks cheap in the context of the company’s long-term growth prospects. Mizuho and RBC recently issued buy ratings, and Baird named Tesla as their top pick for 2023.