Losing the Mind Behind the Tesla Powerwall Won’t Hurt TSLA Stock

investorplace2022-02-24

As another difficult day for financial markets winds to a close,Tesla(NASDAQ:TSLA) stock is finishing in the red yet again. Theelectric vehicle(EV) producer has been forced to weather the current ...

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Comments

大赢家 BIG WINNER
2022-02-25
大赢家 BIG WINNER
Good
chinchillx
2022-02-24
chinchillx
Talent aplenty.. buy the dip for sure
Dragon1976
2022-02-24
Dragon1976
Roar
CIG
2022-02-24
CIG
Simply load up 1 share upon every drop of $50.
TT75
2022-02-24
TT75
Buy at the dip
Birdykoh
2022-02-24
Birdykoh
Great sharing. $tsla

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Theelectric vehicle(EV) producer has been forced to weather the current ...</p>\n\n<a href=\"https://investorplace.com/2022/02/losing-the-mind-behind-the-tesla-powerwall-wont-hurt-tsla-stock/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://investorplace.com/2022/02/losing-the-mind-behind-the-tesla-powerwall-wont-hurt-tsla-stock/","article_id":"1192127616","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1192127616","pubTimestamp":1645671395,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"As another difficult day for financial markets winds to a close,Tesla(NASDAQ:TSLA) stock is finishin","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"失去特斯拉Powerwall背后的头脑不会伤害TSLA的股票","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":0.9},"content_text":"As another difficult day for financial markets winds to a close,Tesla(NASDAQ:TSLA) stock is finishing in the red yet again. Theelectric vehicle(EV) producer has been forced to weather the current storm which has been caused in part by the brewing conflict between Russia and Ukraine.Like many of its peers, TSLA stock has been struggling today. However, although the company announced some bad news, investors shouldn’t be concerned in the long run.Here’s what investors should know about Tesla moving forward.What’s Happening with TSLA StockToday marked a continuation of TSLA stock’s losing streak. Shares began falling after markets opened this morning and proved unable to rebound. As of this writing, the stock is down 7% for the day.That isn’t the only recent bad news for the company, though. Specifically,Electrekreportsthat Brian Dow, Tesla’s Director of Engineering, is leaving the company to take a position at Generac (NYSE:GNRC). The company is a leading producer of energy storage solutions.Still, while this isn’t great news for Tesla, it also isn’t a reason for investors to panic.Why It MattersIt makes sense that a company like Generac would want to poach a leader like Brian Dow. Having been at Tesla for more than five years, Dow has played a significant role in the company’s recent growth. Tesla is known as an EV producer, but it has also been gaining a foothold in the field of energy storage solutions. This is exactly the market in which Generac is a dominant player.Generac’s primary interest in Dow seems to lie in a desire to rival the Powerwall, Tesla’s home energy storage system created to eliminate the standard backup generator. According to Tesla’s website, the device“detects outages and automatically recharges with sunlight.”This type of device gives us a good look into the future of home energy storage. Specifically, it looks sleek and refined and recharges using renewable solar energy. Generac is making clear moves to adapt and not be outdone by Tesla. However, the company should note that Tesla has the same advantage it brought to the EV race.What It Means for TeslaPeople may not think of energy storage when they think of Tesla. When they do, though, they think of the Powerwall. Tesla was the first company to bring such a device into the mainstream, showing consumers how they could power their homes in the future. Consumers will likely also be most familiar with the Powerwall moving forward.It’s for this reason that, even if Generac is able to engineer their own rival to the Powerwall soon, it shouldn’t harm TSLA stock too much. Competition from EV producers is increasing all the time, but Tesla remains themost searchedEV brand because it showed consumers the future of transportation. Plus, energy storage isn’t Tesla’s primary function as a company. 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