You have estimated the following linear regression model for Tesla stock (TSLA) returns:

Regression Model Output for Tesla stock (TSLA) returns

	Coefficients	Standard Error	t-statistics	p-value
Intercept	0.0447	0.0237	1.8847	0.0645
Market	1.9887	0.5161	3.8538	0.0003

1. (1 point) Determine whether TSLA is cyclical, defensive, or hedging stock against the market risk.
2. (1 point) Determine whether TSLA is underpriced, overpriced, or fairly priced according to the CAPM.
3. (1 point) Based on 5% threshold for statistical significance, explain whether the number supporting your inference in Part B is statistically significant.