Tesla 2024
- Thread starter VicBee
- Start date
Yes, 161-162Anyone catch that bounce off of $166ish?
Will we see $182.50 by Friday's close?
(REUTERS)
Tesla's troubles
The ongoing swoon in Tesla continued to alarm as the electric vehicle giant's losses for the year to date hit 35% - knocking some $250 billion from its market value as it dropped another 4% on Thursday.
Dogged by sluggish EV demand in the first quarter, a price war and intense competition from China peers - not to mention a German arson shutdown in one of its factories and noise around chief executive Elon Musk's $56 billion pay package - the stock losses are mounting.
Tesla has replaced Boeing as the worst performing stock on the S&P 500 index so far this year. Ten out of 48 brokerages rate the stock "sell" or "strong sell", according to LSEG data.
Tesla's troubles
The ongoing swoon in Tesla continued to alarm as the electric vehicle giant's losses for the year to date hit 35% - knocking some $250 billion from its market value as it dropped another 4% on Thursday.
Dogged by sluggish EV demand in the first quarter, a price war and intense competition from China peers - not to mention a German arson shutdown in one of its factories and noise around chief executive Elon Musk's $56 billion pay package - the stock losses are mounting.
Tesla has replaced Boeing as the worst performing stock on the S&P 500 index so far this year. Ten out of 48 brokerages rate the stock "sell" or "strong sell", according to LSEG data.
Maybe there's hope yet, because we are know how good analysts are ... not! 
Tesla is the worst performing stock in the S&P 500. Analysts say it has further to fall
https://www.cnn.com/2024/03/14/investing/tesla-growth-stock-elon-musk/index.html
...............
"But even with the recent drop in price, Tesla’s stock is still very expensive when compared to its actual earnings and profits, said Langan."
...............
Tesla is the worst performing stock in the S&P 500. Analysts say it has further to fall
https://www.cnn.com/2024/03/14/investing/tesla-growth-stock-elon-musk/index.html
...............
"But even with the recent drop in price, Tesla’s stock is still very expensive when compared to its actual earnings and profits, said Langan."
...............
Confirmation bias?Maybe there's hope yet, because we are know how good analysts are ... not!
Tesla is the worst performing stock in the S&P 500. Analysts say it has further to fall
https://www.cnn.com/2024/03/14/investing/tesla-growth-stock-elon-musk/index.html
...............
"But even with the recent drop in price, Tesla’s stock is still very expensive when compared to its actual earnings and profits, said Langan."
...............
$174 nowAnyone catch that bounce off of $166ish?
Will we see $182.50 by Friday's close?
Seems like the sure-fire way to get fired is to buy Teslas.
Hertz CEO Resigns After Buying 100,000 Teslas Doesn't Pay Off
https://www.msn.com/en-ca/autos/new...esn-t-pay-off/ar-BB1k7lKw?ocid=StaticFallback
Hertz CEO Resigns After Buying 100,000 Teslas Doesn't Pay Off
https://www.msn.com/en-ca/autos/new...esn-t-pay-off/ar-BB1k7lKw?ocid=StaticFallback
Ouch.
Tesla's recent earnings call seemed confusing. Some investors are concerned because the bosses didn't explain things clearly. As a result, the stock price fell by 11%. It's important for Tesla's leaders to communicate clearly so everyone understands what's happening.