Tesla Stock’s $150 Tipping Point: Why Investors Should Brace for More Pain

InvestorPlace04-24

A recent round of massive layoffs has sent Tesla (TSLA) stock spiraling. The company cut prices of its Model 3 in China by 14,000 yuan due to falling demand. Elon Musk has postponed his India trip, ...

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But is the party over for TSLA stock now?","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4563":"昨日强势股","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","ISBC":"投资者银行","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4548":"巴美列捷福持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4592":"伊斯兰概念","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","TSLA":"特斯拉","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","BK4555":"新能源车","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4588":"碎股","BK4550":"红杉资本持仓","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LI":"理想汽车","BK4574":"无人驾驶","BK4551":"寇图资本持仓","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM"},"translate_title":"特斯拉股票150美元的临界点：为什么投资者应该为更多的痛苦做好准备","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLL":1,"TSLA":1,"LI":1,"ISBC":1,"EVS.SI":0.6},"content_text":"A recent round of massive layoffs has sent Tesla (TSLA) stock spiraling.\nThe company cut prices of its Model 3 in China by 14,000 yuan due to falling demand.\nElon Musk has postponed his India trip, and there are no upcoming events to boost this stock.\n \n\n\n\n \n\nSource: Vitaliy Karimov / Shutterstock.com\n\n\n\nTesla (NASDAQ:TSLA) stock suffers as the company is now in what appears to be a very very bad spot in the global EV market. \nAfter poor Q1 numbers and declining vehicle deliveries, the U.S. EV giant announced significant price reductions. Shares are below $150, and Tesla is reducing its workforce by 10%. \nAmid overextension issues, Tesla CEO Elon Musk also faces challenges with his $56 billion pay package. The movement decline caused a tumultuous week for the EV giant. \nThe company is having some problems with its Cybertruck, recalling over 4,000 units because of issues with the accelerator pedal. Most reports were about pedals getting stuck, causing the cars to go crazy fast. Video evidence showed a pedal falling off.\nBullish analysts like Dan Ives at Wedbush Securities criticized Tesla, saying the recall tarnishes its image. These factors certainly suggest more downside could be ahead for the once-mighty Tesla. \nPrice Cuts, Again\nTesla and Li Auto (NASDAQ:LI) both saw their stock prices drop in recent days, as both companies reduced EV prices due to heightened competition. Despite declining sales and increased competition, Tesla aggressively reduced prices in China, Germany, and the United States. \nTesla has been slashing its model prices by $1,932 in four models in China and by $2,132 per unit for the Model 3 in Germany. They cut prices on the Model Y, X, and S by $2,000 on April 19. Tesla’s stock tanked by more than 40% this year due to a drop in deliveries and major layoffs.\nElon Musk Postpones India Visit\nElon Musk also recently postponed his India trip due to heavy Tesla commitments. The visit aimed to meet with Prime Minister Narendra Modi and discuss Tesla factory plans. Musk regretted X but plans to visit later this year. He planned to meet Indian space tech startup leaders as well.\nMusk, the world’s fourth-richest person, planned to invest $2-3 billion in India, mostly for a Tesla factory, as reported by Reuters and the Financial Times. He planned his trip shortly after India’s democratic election began, with Modi expected to win again.\nBottom Line on TSLA Stock\nOver the next year, I think TSLA stock is going to continue to see more of the same. Recent selling pressure has certainly been immense, as investors continue to price in the impact of the aforementioned headwinds into the stock. \nI think Tesla’s valuation still represents far too much optimism, given where the sector is headed right now.\nOn the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nChris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.Consumer Discretionary, Automotive, Electric Vehicles \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/04/tesla-stocks-150-tipping-point-why-investors-should-brace-for-more-pain/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"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/2429435295"}