Musk’s Troubling Week Pushes Tesla Investors Closer to the Edge

Bloomberg2022-12-19

Elon Musk’s actions at Twitter ‘damaged’ his reputationEV demand set to slow as Musk is occupied with Twitter“Musk risk” has been weighing on Tesla Inc.’s stock for some time now. But it reached ...

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Comments

Soyabean89
2022-12-19
Soyabean89
Musk effect, musky risky dirty little manipulator. Karma goes in full circle when this clown toyed with crypto and twitter shareholder. Gonna sleep very well tonight.
MIe
2022-12-19
MIe
Tesla upside with tweet stable n tesla biz model
来人
2022-12-19
来人
ok
Vincentan59
2022-12-19
Vincentan59
This no brakes needs a lot to repairs🫣🫣🫣🫣
Guavaxf30
2022-12-19
Guavaxf30
When there are news and articles like these,chances are there will be panic selling. Which also means, opportunities for those with dee pockets may arise. I feel now maybbe thetime. Musk is even asking if he should shut up. Poll on whether he should step down at Twitter will be interesting to watch.
d72dka333
2022-12-19
d72dka333
$93 by early March

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But it reached ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-17/tesla-stock-pummpled-by-musk-s-twitter-actions-as-electric-car-demand-sours\">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":"BK4548","symbol_name":"巴美列捷福持仓","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2022-12-17/tesla-stock-pummpled-by-musk-s-twitter-actions-as-electric-car-demand-sours","article_id":"2292834854","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2292834854","pubTimestamp":1671438341,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Elon Musk’s actions at Twitter ‘damaged’ his reputationEV demand set to slow as Musk is occupied wit","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4548":"巴美列捷福持仓","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4534":"瑞士信贷持仓","LU0823411888.USD":"法巴消费创新基金 Cap","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4555":"新能源车","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4211":"区域性银行","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4511":"特斯拉概念","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","TSLA":"特斯拉","BK4527":"明星科技股","BK4550":"红杉资本持仓","LU2063271972.USD":"富兰克林创新领域基金","BK4574":"无人驾驶","BK4551":"寇图资本持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4581":"高盛持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4099":"汽车制造商"},"translate_title":"马斯克令人不安的一周将特斯拉投资者推向了边缘","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1},"content_text":"Elon Musk’s actions at Twitter ‘damaged’ his reputationEV demand set to slow as Musk is occupied with Twitter“Musk risk” has been weighing on Tesla Inc.’s stock for some time now. But it reached another level last week as the electric-vehicle maker’s mercurial leader stirred up even more controversy and sent the company’s shares plunging.Tesla’s stock price sank 16% over the last five sessions for its worst week since the pandemic struck in March 2020. By comparison, the S&P 500 Index and Nasdaq 100 indexes declined less than 3%. The performance is even uglier looking further back, with the shares tanking 43% so far this quarter as prominent Wall Street analysts dial back their expectations for Elon Musk’s company and the electric-vehicle industry as a whole.The swarm of activity surrounding Musk and Tesla just this past week has been overwhelming. The selloff pushed the company below a market value of $500 billion for the first time in more than two years. Goldman Sachs and RBC Capital markets slashed their price targets on the stock. Then Musk raised eyebrows when he sold almost $3.6 billion of Tesla shares, possibly to help refinance debt from his purchase of Twitter Inc.In addition, Musk was toppled from the peak of the Bloomberg Billionaires Index, meaning he’s no longer the richest person in the world. And his controversial management of Twitter’s social media rules, which have soured some of Tesla’s customer base, amped up Thursday when he suspended the Twitter accounts of well-known journalists at outlets like the New York Times and Washington Post.“I think the stock is only going to go down from here,” said Catherine Faddis, senior portfolio manager at Fernwood Investment Management. “Elon Musk has damaged his reputation with this Twitter business and all the negative news flow.”As concerns about the economy and a recession next year continue to grow, Tesla’s outlook is likely to darken. Demand for its expensive electric vehicles could wane as high inflation and rising interest rates sap demand from consumers reluctant to spend on big ticket items. The specter of a slowdown will probably have equity investors seeking safety in stable buys rather than growth stocks like Tesla.“When you have a high-octane growth stock that relies on projections that are years away, confidence is very important, and once the confidence is broken the stock could break down as support ebbs away,” Faddis said.EV RiskBased on Tesla’s valuation alone there’s probably room for further declines. At its current $474 billion market capitalization, it’s still head and shoulders above the top global auto manufacturers. It trades at 36 times forward earnings compared to the mid-to-high single-digit multiples for General Motors Co., Ford Motor Co. and Honda Motor Co. Ltd., as well as Toyota Motor Corp.’s high-teens multiple. Tesla even surpasses the Nasdaq 100 Index’s average price-to-earnings ratio of 22.And there are risks for the stock beyond valuation and concerns that Musk is too preoccupied with Twitter’s turnaround.Earlier this week, Morgan Stanley analyst Adam Jonas warned that the brakes were “screeching” on demand for electric vehicles as prices climb due to soaring raw material costs, taking affordability to the breaking point. Jonas lowered his expectations for the rate of electric-vehicle adoption in the US through the end of the decade. Goldman Sachs analyst Mark Delaney struck a similar tone, saying moderating macro indicators in several regions and Tesla’s recent price cuts suggest that the global supply-demand dynamic is now softer for the company.“We expect that 2023 will be a tough year for the sector as slowing demand is met with significant increase in supply,” said Ivana Delevska, chief investment officer at SPEAR Invest. Tesla is not a niche player anymore and therefore will start seeing cyclicality just as other auto manufacturers. On top of that, Tesla “sells into the middle-class luxury market, which may be particularly hard hit.”","kind":"highlight","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":9926931899,"gmtCreate":1671440493011,"gmtModify":1676538536655,"author":{"id":"3550998686387787","authorId":"3550998686387787","name":"Soyabean89","avatar":"https://community-static.tradeup.com/news/eb77581e98e9ecdbe378a1373a31b0e9","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3550998686387787","authorIdStr":"3550998686387787"},"htmlText":"Musk effect, musky risky dirty little manipulator. Karma goes in full circle when this clown toyed with crypto and twitter shareholder.&nbsp; Gonna sleep very well tonight.&nbsp;","listText":"Musk effect, musky risky dirty little manipulator. Karma goes in full circle when this clown toyed with crypto and twitter shareholder.&nbsp; Gonna sleep very well tonight.&nbsp;","text":"Musk effect, musky risky dirty little manipulator. Karma goes in full circle when this clown toyed with crypto and twitter shareholder. Gonna sleep very well tonight.","images":[{"img":"https://community-static.tradeup.com/news/279a9017978423636256069fd148ac96"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926931899","repostId":2292834854,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9926931162,"gmtCreate":1671440458756,"gmtModify":1676538536648,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":0,"idStr":"3577182936341023","authorIdStr":"3577182936341023"},"htmlText":"Tesla upside with &nbsp;tweet stable n tesla biz model&nbsp;","listText":"Tesla upside with &nbsp;tweet stable n tesla biz model&nbsp;","text":"Tesla upside with tweet stable n tesla biz model","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926931162","repostId":2292834854,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9926997562,"gmtCreate":1671439391756,"gmtModify":1676538536503,"author":{"id":"3575544575320394","authorId":"3575544575320394","name":"来人","avatar":"https://static.tigerbbs.com/0af89587decbb8a1d3e1596adc29cb98","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3575544575320394","authorIdStr":"3575544575320394"},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926997562","repostId":2292834854,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9926995746,"gmtCreate":1671438869686,"gmtModify":1676538536374,"author":{"id":"4098866635611070","authorId":"4098866635611070","name":"Vincentan59","avatar":"https://community-static.tradeup.com/news/a5c91735e742c607283b7643b505c8e4","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":2,"crmLevelSwitch":1,"idStr":"4098866635611070","authorIdStr":"4098866635611070"},"htmlText":"This no brakes needs a lot to repairs🫣🫣🫣🫣","listText":"This no brakes needs a lot to repairs🫣🫣🫣🫣","text":"This no brakes needs a lot to repairs🫣🫣🫣🫣","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926995746","repostId":2292834854,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9926995230,"gmtCreate":1671438780220,"gmtModify":1676538536367,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3576140222331577","authorIdStr":"3576140222331577"},"htmlText":"When there are news and articles like these,chances are there will be panic selling. Which also means, opportunities for those with dee pockets may arise. I feel now maybbe thetime.&nbsp; Musk is even asking if he should shut up. Poll on whether he should step down at Twitter will be interesting to watch.","listText":"When there are news and articles like these,chances are there will be panic selling. Which also means, opportunities for those with dee pockets may arise. I feel now maybbe thetime.&nbsp; Musk is even asking if he should shut up. Poll on whether he should step down at Twitter will be interesting to watch.","text":"When there are news and articles like these,chances are there will be panic selling. Which also means, opportunities for those with dee pockets may arise. I feel now maybbe thetime. Musk is even asking if he should shut up. Poll on whether he should step down at Twitter will be interesting to watch.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926995230","repostId":2292834854,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9926995881,"gmtCreate":1671438688143,"gmtModify":1676538536359,"author":{"id":"4126689643025942","authorId":"4126689643025942","name":"d72dka333","avatar":"https://community-static.tradeup.com/news/2f5ea1109872fca2805beba00f489896","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"4126689643025942","authorIdStr":"4126689643025942"},"htmlText":"$93 by early March&nbsp;","listText":"$93 by early March&nbsp;","text":"$93 by early March","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926995881","repostId":2292834854,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":41,"commentSize":7,"repostSize":0,"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":"4.29.3","shortVersion":"4.29.3","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/2292834854"}