Tesla Shares Slide Following Latest Round of Price Cuts

MT Newswires04-23

tesla TSLA -Shutterstock Tesla (TSLA) shares declined intraday Monday as the electric vehicle maker lowered prices in several markets, adding to concerns around its gross margins. Waning EV ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2429422971?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/70CHnVDCK41guc_.YJi8Sg--~B/aD02NjM7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/mt_newswires_premium_news_706/4723fda8901ce4e99ba1d6b40571681f","is_english":true,"pubTime":"2024-04-23 00:19","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2429422971","market":"us","top_or_hot":-1,"title":"Tesla Shares Slide Following Latest Round of Price Cuts","media":"MT Newswires","content":"<div>\n<p>tesla TSLA -Shutterstock\n \n Tesla (TSLA) shares declined intraday Monday as the electric vehicle maker lowered prices in several markets, adding to concerns around its gross margins.\n\n Waning EV ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-shares-slide-following-latest-161914791.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Shares Slide Following Latest Round of Price Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Shares Slide Following Latest Round of Price Cuts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-23 00:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-shares-slide-following-latest-161914791.html><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>tesla TSLA -Shutterstock\n \n Tesla (TSLA) shares declined intraday Monday as the electric vehicle maker lowered prices in several markets, adding to concerns around its gross margins.\n\n Waning EV ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-shares-slide-following-latest-161914791.html\">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":"BK4563","symbol_name":"昨日强势股","start_time":0,"source_url":"https://finance.yahoo.com/news/tesla-shares-slide-following-latest-161914791.html","article_id":"2429422971","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/70CHnVDCK41guc_.YJi8Sg--~B/aD02NjM7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/mt_newswires_premium_news_706/4723fda8901ce4e99ba1d6b40571681f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429422971","pubTimestamp":1713802754,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Tesla  shares declined intraday Monday as the electric vehicle maker lowered prices in several markets, adding to concerns around its gross margins.Waning EV demand has weighed on Tesla's stock, which has lost 43% year to date. The company's share price was declining 4.1% in Monday trade.Tesla cut prices of the Model Y, X and S in the US by $2,000 on Friday, Reuters reported. The Model 3 starting price in China was cut to 231,900 renminbi  on Sunday from 245,900 renminbi previously, according to Reuters. Tesla also reportedly lowered prices in Germany. Tesla didn't respond to MT Newswires' request for comment.\"Tesla prices must change frequently in order to match production with demand,\" Musk said on social media platform X on Sunday, responding to a post regarding the company's pricing strategy.The reduced price for Tesla's Full Self-Driving package \"suggests some concern over take-rates\" of the service, UBS Securities analyst Joseph Spak wrote in a note emailed Monday.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4563":"昨日强势股","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LI":"理想汽车","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","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","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4592":"伊斯兰概念","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4585":"ETF&股票定投概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4527":"明星科技股","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","BK4550":"红杉资本持仓","BK4526":"热门中概股","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","TSLA":"特斯拉","BK4588":"碎股","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4503":"景林资产持仓","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4574":"无人驾驶","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1548497426.USD":"安联环球人工智能AT Acc","BK4551":"寇图资本持仓","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4581":"高盛持仓","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4099":"汽车制造商","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC"},"translate_title":"最新一轮降价后，特斯拉股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLL":1,"TSLA":1,"LI":1,"EVS.SI":0.6},"content_text":"tesla TSLA -Shutterstock\n \n Tesla (TSLA) shares declined intraday Monday as the electric vehicle maker lowered prices in several markets, adding to concerns around its gross margins.\n\n Waning EV demand has weighed on Tesla's stock, which has lost 43% year to date. The company's share price was declining 4.1% in Monday trade.\n\n Tesla cut prices of the Model Y, X and S in the US by $2,000 on Friday, Reuters reported. The Model 3 starting price in China was cut to 231,900 renminbi ($32,013) on Sunday from 245,900 renminbi previously, according to Reuters. Tesla also reportedly lowered prices in Germany. Tesla didn't respond to MT Newswires' request for comment.\n\n \"Tesla prices must change frequently in order to match production with demand,\" Musk said on social media platform X on Sunday, responding to a post regarding the company's pricing strategy.\n\n The price cuts lower Wall Street's expectations for automotive gross margins, Tudor Pickering Holt said in a Monday note. Earlier this month, Tesla cut the subscription price of its driver assistance system in the US to $99 per month from $199.\n\n The reduced price for Tesla's Full Self-Driving package \"suggests some concern over take-rates\" of the service, UBS Securities analyst Joseph Spak wrote in a note emailed Monday.\n\n Earlier this month, the EV maker posted lower first-quarter vehicle deliveries that missed analysts' expectations. The company is scheduled to report its first-quarter results Tuesday.\n\n Wedbush Securities said Friday that the brokerage and Wall Street were projecting a \"rip the band-aid off quarter and a softer outlook\" on Tuesday. Musk must outline a strategy around pricing and recommit to a low-cost Model 2 vehicle along with robotaxis, according to Wedbush. \"If Tesla does not come out with a Model 2 the next 12 to 18 months, the second growth wave will not come,\" Wedbush analysts, including Daniel Ives, said at the time.\n\n Chinese electric-vehicle maker Li Auto (LI) decreased prices for its models, CNBC reported, citing the company's statement from Monday on its Weibo account. Li Auto's Nasdaq-listed shares were down 6% on Monday.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"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":"4.22.4","shortVersion":"4.22.4","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/2429422971"}