Tesla Stock Tumbles Over 9% to Near 3-Month Lows on Profit Concern

Yahoo Finance2023-04-21

Tesla (TSLA) stock tumbled 9.75% on Thursday, hitting lows not seen since late January as the electric-vehicle maker reported gross margins below 20% for the first time in nearly three years.Analysts ...

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Comments

Looyusooi
2023-04-21
Looyusooi
Ok
romanc9
2023-04-21
romanc9
The market should have dumped more shares or short more shares whenever they announced price cut. Just an excuse to short this counter. What is important it still made a good profit with all the competitors. Will see it move back to above $190 soon.
FGP
2023-04-21
FGP
Cut x6 lah 🤭
RL7741
2023-04-21
RL7741
Good sharing [微笑]

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And the only tool they really have is cutting prices.\"Wedbush's Dan Ives, a longtime Tesla bull, also cut his price target on the stock to $215 a share from $225 on the back of the tightening margins.\"Musk & Co. cut prices to further stimulate consumer demand in a shaky macro amidst rising EV competition globally in this EV arms race,\" Ives wrote in a note to clients after the release. \"With no rose-colored glasses: Margins are now a delicate issue that are keeping Tesla investors up at night.\"Overall for the first quarter, Tesla reported revenue of $23.33 billion, slightly below Street estimates of $23.35 billion, with adjusted earnings per share coming in at $0.85, below estimates of $0.86. Tesla reported net income of $2.9 billion, $700 million less than the same period a year prior.On a positive note, Elon Musk said on the earnings call the company was aiming to have a \"delivery event\" at the end of the Q3 for the Cybertruck.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9944465651,"gmtCreate":1682036510873,"gmtModify":1682036514451,"author":{"id":"4100437715079400","authorId":"4100437715079400","name":"Looyusooi","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4100437715079400","idStr":"4100437715079400"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944465651","repostId":1159857379,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9944468553,"gmtCreate":1682033726672,"gmtModify":1682033730224,"author":{"id":"4102495020619380","authorId":"4102495020619380","name":"romanc9","avatar":"https://static.tigerbbs.com/76bfe37245defa055adfff7453f1520f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"4102495020619380","idStr":"4102495020619380"},"htmlText":"The market should have dumped more shares or short more shares whenever they announced price cut. Just an excuse to short this counter. What is important it still made a good profit with all the competitors. Will see it move back to above $190 soon.&nbsp;","listText":"The market should have dumped more shares or short more shares whenever they announced price cut. Just an excuse to short this counter. What is important it still made a good profit with all the competitors. Will see it move back to above $190 soon.&nbsp;","text":"The market should have dumped more shares or short more shares whenever they announced price cut. Just an excuse to short this counter. What is important it still made a good profit with all the competitors. Will see it move back to above $190 soon.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944468553","repostId":1159857379,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9944468316,"gmtCreate":1682033473735,"gmtModify":1682033477327,"author":{"id":"3584079457608282","authorId":"3584079457608282","name":"FGP","avatar":"https://community-static.tradeup.com/news/4f96275867e9fcc09f90747c0edcd143","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3584079457608282","idStr":"3584079457608282"},"htmlText":"Cut x6 lah 🤭","listText":"Cut x6 lah 🤭","text":"Cut x6 lah 🤭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944468316","repostId":1159857379,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9944461678,"gmtCreate":1682032547194,"gmtModify":1682032551161,"author":{"id":"3585382015740768","authorId":"3585382015740768","name":"RL7741","avatar":"https://community-static.tradeup.com/news/cc534d52d2b9325d1a2e19f4cf928bc2","vip":1,"crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3585382015740768","idStr":"3585382015740768"},"htmlText":"Good sharing&nbsp;[微笑]&nbsp;","listText":"Good sharing&nbsp;[微笑]&nbsp;","text":"Good sharing [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944461678","repostId":1159857379,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":32,"commentSize":4,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1159857379"}