At present EV makes up only a

2021-04-06

At present EV makes up only a tiny fraction of the auto market. The expected exponential increase in conversion to EV will create a huge market with many more EV players apart from just Tesla. This is not necessarily bad for Tesla as there is room for more than 1 dominant player.

Also we know Tesla is more than just an EV company, with autonomous vehicles and robotaxis, energy and battery businesses all in the works. Long Tesla!

Tesla Stock Is Down More Than 23% From Its Recent Highs -- Here's Why

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Comments

Avestor
2021-04-06
Avestor
Haha. You meant to say, “Long Live Tesla!”, right?
- Lynny:
  That too?
Sumei
2021-04-07
Sumei
The “narrow” analysis of Tesla reminds me of how Apple was seen to be just a hardware or mobilephone company...

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This is not necessarily bad for Tesla as there&nbsp;is room for more than 1 dominant player.&nbsp;Also&nbsp;we know Tesla is more than just an EV company, with autonomous vehicles and robotaxis, energy and&nbsp;battery businesses all in the works. Long Tesla!</body></html>","htmlText":"<html><head></head><body>At present EV makes up only a tiny fraction of&nbsp;the auto market. The expected exponential increase in conversion to&nbsp;EV will create a huge&nbsp;market with many more EV players apart from just Tesla. This is not necessarily bad for Tesla as there&nbsp;is room for more than 1 dominant player.&nbsp;Also&nbsp;we know Tesla is more than just an EV company, with autonomous vehicles and robotaxis, energy and&nbsp;battery businesses all in the works. Long Tesla!</body></html>","text":"At present EV makes up only a tiny fraction of the auto market. The expected exponential increase in conversion to EV will create a huge market with many more EV players apart from just Tesla. This is not necessarily bad for Tesla as there is room for more than 1 dominant player. Also we know Tesla is more than just an EV company, with autonomous vehicles and robotaxis, energy and battery businesses all in the works. Long Tesla!","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/343644139","repostId":2125079106,"repostType":4,"repost":{"id":"2125079106","kind":"highlight","pubTimestamp":1617713771,"share":"https://www.laohu8.com/m/news/2125079106?lang=&edition=full","pubTime":"2021-04-06 20:56","market":"us","language":"en","title":"Tesla Stock Is Down More Than 23% From Its Recent Highs -- Here's Why","url":"https://stock-news.laohu8.com/highlight/detail?id=2125079106","media":"Motley Fool","summary":"The electric car industry is becoming crowded.","content":"The electric car industry is becoming crowded.\nTesla (NASDAQ:TSLA) had a great 2020. Despite the COVID-19 pandemic, Tesla managed to deliver 36% more cars than it did in 2019. It rolled out exciting model upgrades and technology and got its financial house ordered enough to qualify for inclusion in the&nbsp;S&amp;P 500. Investors were clearly excited about all this, sending Tesla share prices up over 700%.\nBut Tesla is having a rough start to 2021. Since hitting a record $900 per share in January, Tesla stock has been in a downward spiral. Even when Tesla reported its first annual profit and a 28% revenue increase for the year 2020 -- itsbest-ever financial result -- investors saw no cause to celebrate. On March 8, Tesla's stock price dropped to $547, a five-month low. The stock now trades at $692 a share as of this writing, down about 23% from its peak.\nSo is the party finally over for Tesla? We don't know for sure.&nbsp;Still, it would be great to zoom in on why investors are selling Tesla.\n<img src=\"https://static.tigerbbs.com/b71a5e3d075e9e4362be575b2a53aa31\" tg-width=\"700\" tg-height=\"466\">Image source: Getty Images.\nCaught up in the tech sell-off\nMany of 2020's hottest tech stocks are down this year thanks to a broader investor rotation from high-growth stocks into value stocks. Companies like&nbsp;Peloton Interactive and&nbsp;<a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications are trading at least 30% below their record highs, while \"reopening\" stocks like&nbsp;Boeing and&nbsp;Lyft are up over 20% this year.\nBecause it tends to be grouped in with the most popular tech stocks, industrial stock Tesla has suffered along with the rest. But this is not surprising, since Tesla is <a href=\"https://laohu8.com/S/AONE\">one</a> of the most expensive stocks out there. At its peak market capitalization of $837 billion, Tesla was trading at 25 times 2020 sales. Even after the recent correction, Tesla trades at 20 times sales. Industrial giant&nbsp;General Motors, America's biggest carmaker by volume, trades below 1 times sales.\nIn other words, Tesla is still trading at nosebleed valuations. If investors keep fleeing to safety and value stocks, Tesla could drop even more from here.\nAn increasingly crowded EV market\nAs a pioneering electric vehicle (EV) manufacturer, Tesla enjoys a commanding market lead. EV news websiteElectrek reports Tesla sold 316,820 vehicles in the nine months leading up to September 2020. That gave it an 18% share of the global EV market.Volkswagen, ranked second with a 6% market share, sold 113,091 EVs over the same period.\nBut there are signs the battle for EV leadership has intensified and will remain difficult going forward. New players like&nbsp;NIO and&nbsp;XPeng are taking on Tesla in China, the world's biggest EV market.BYD -- a longtime EV player backed by Warren Buffett -- launched its premium Han model in July 2020 to global acclaim. The company sold 40,556 units of Han by the end of the year, according toBloomberg. And back home, General Motors and&nbsp;Ford are giving Tesla a run for its money as well. In fact,<a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>&nbsp;analysts estimate Tesla's share of the U.S. EV market fell 12% in February, eroded by sales of Ford's Mustang Mach-E.\nFor a long time, Tesla was the clear market leader. It sold hundreds of thousands of EVs, while not having to fret about serious competition. But today it's clear that Tesla is no longer the only game in town. Investors are waking up to this fact -- and that's why they're starting to question Tesla's high valuation.\nWhat's next for Tesla?\nWith visionary genius Elon Musk at the helm, Tesla aims to be more than just an EV maker. Tesla is leading the charge into self-driving vehicles, giving it a shot at becoming a robotaxi company. The company's renewable energy business is also picking up, with Tesla now involved in a battery storage project withApple. In the long run, all these opportunities dramatically widen Tesla's addressable market beyond EV manufacturing.\nBut Tesla's sky-high valuation has already priced in these positives while leaving little margin for error. If the tech sell-off deepens, Tesla stock is in for a rough ride.","source":"fool_stock","collect":0,"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 Stock Is Down More Than 23% From Its Recent Highs -- Here's Why</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 Stock Is Down More Than 23% From Its Recent Highs -- Here's Why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-06 20:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/06/tesla-stock-down-23-percent-from-high-why/>Motley Fool</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nThe electric car industry is becoming crowded.\nTesla (NASDAQ:TSLA) had a great 2020. Despite the COVID-19 pandemic, Tesla managed to deliver 36% more cars than it did in 2019. It rolled out exciting ...\n\n<a href=\"https://www.fool.com/investing/2021/04/06/tesla-stock-down-23-percent-from-high-why/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/04/06/tesla-stock-down-23-percent-from-high-why/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125079106","content_text":"The electric car industry is becoming crowded.\nTesla (NASDAQ:TSLA) had a great 2020. Despite the COVID-19 pandemic, Tesla managed to deliver 36% more cars than it did in 2019. It rolled out exciting model upgrades and technology and got its financial house ordered enough to qualify for inclusion in the S&P 500. Investors were clearly excited about all this, sending Tesla share prices up over 700%.\nBut Tesla is having a rough start to 2021. Since hitting a record $900 per share in January, Tesla stock has been in a downward spiral. Even when Tesla reported its first annual profit and a 28% revenue increase for the year 2020 -- itsbest-ever financial result -- investors saw no cause to celebrate. On March 8, Tesla's stock price dropped to $547, a five-month low. The stock now trades at $692 a share as of this writing, down about 23% from its peak.\nSo is the party finally over for Tesla? We don't know for sure. Still, it would be great to zoom in on why investors are selling Tesla.\nImage source: Getty Images.\nCaught up in the tech sell-off\nMany of 2020's hottest tech stocks are down this year thanks to a broader investor rotation from high-growth stocks into value stocks. Companies like Peloton Interactive and Zoom Video Communications are trading at least 30% below their record highs, while \"reopening\" stocks like Boeing and Lyft are up over 20% this year.\nBecause it tends to be grouped in with the most popular tech stocks, industrial stock Tesla has suffered along with the rest. But this is not surprising, since Tesla is one of the most expensive stocks out there. At its peak market capitalization of $837 billion, Tesla was trading at 25 times 2020 sales. Even after the recent correction, Tesla trades at 20 times sales. Industrial giant General Motors, America's biggest carmaker by volume, trades below 1 times sales.\nIn other words, Tesla is still trading at nosebleed valuations. If investors keep fleeing to safety and value stocks, Tesla could drop even more from here.\nAn increasingly crowded EV market\nAs a pioneering electric vehicle (EV) manufacturer, Tesla enjoys a commanding market lead. EV news websiteElectrek reports Tesla sold 316,820 vehicles in the nine months leading up to September 2020. That gave it an 18% share of the global EV market.Volkswagen, ranked second with a 6% market share, sold 113,091 EVs over the same period.\nBut there are signs the battle for EV leadership has intensified and will remain difficult going forward. New players like NIO and XPeng are taking on Tesla in China, the world's biggest EV market.BYD -- a longtime EV player backed by Warren Buffett -- launched its premium Han model in July 2020 to global acclaim. The company sold 40,556 units of Han by the end of the year, according toBloomberg. And back home, General Motors and Ford are giving Tesla a run for its money as well. In fact,Morgan Stanley analysts estimate Tesla's share of the U.S. EV market fell 12% in February, eroded by sales of Ford's Mustang Mach-E.\nFor a long time, Tesla was the clear market leader. It sold hundreds of thousands of EVs, while not having to fret about serious competition. But today it's clear that Tesla is no longer the only game in town. Investors are waking up to this fact -- and that's why they're starting to question Tesla's high valuation.\nWhat's next for Tesla?\nWith visionary genius Elon Musk at the helm, Tesla aims to be more than just an EV maker. Tesla is leading the charge into self-driving vehicles, giving it a shot at becoming a robotaxi company. The company's renewable energy business is also picking up, with Tesla now involved in a battery storage project withApple. In the long run, all these opportunities dramatically widen Tesla's addressable market beyond EV manufacturing.\nBut Tesla's sky-high valuation has already priced in these positives while leaving little margin for error. If the tech sell-off deepens, Tesla stock is in for a rough ride.","news_type":1},"isVote":1,"tweetType":1,"viewCount":481,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TSLA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":355,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":3971471,"commentId":"3971471","gmtCreate":1617718122733,"gmtModify":1680783074663,"authorId":3574810128035926,"author":{"id":3574810128035926,"idStr":"3574810128035926","authorId":3574810128035926,"name":"Avestor","avatar":"https://static.tigerbbs.com/6f3c3d4807f1c348bda9590766e78f13","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":343644139,"objectIdStr":"343644139","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Haha. You meant to say, “Long Live Tesla!”, right?","text":"Haha. You meant to say, “Long Live Tesla!”, right?","html":"Haha. You meant to say, “Long Live Tesla!”, right?","likeSize":1,"commentSize":1,"subComments":[{"id":3979561,"commentId":"3979561","gmtCreate":1617803143796,"gmtModify":1680783196607,"authorId":3576275613425159,"author":{"id":3576275613425159,"idStr":"3576275613425159","authorId":3576275613425159,"name":"Lynny","avatar":"https://static.tigerbbs.com/7c0b8b78e97626dedf9ed61da1957ab7","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":343644139,"objectIdStr":"343644139","type":1,"supId":3971471,"supIdStr":"3971471","prevId":0,"prevIdStr":"0","content":"That too?","text":"That too?","html":"That too?"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":3979048,"commentId":"3979048","gmtCreate":1617798349044,"gmtModify":1680783182096,"authorId":3566259831309087,"author":{"id":3566259831309087,"idStr":"3566259831309087","authorId":3566259831309087,"name":"Sumei","avatar":"https://static.tigerbbs.com/ae0a2af1baf6b07a87ffdf41ea17959a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":343644139,"objectIdStr":"343644139","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"The “narrow” analysis of Tesla reminds me of how Apple was seen to be just a hardware or mobilephone company... ","text":"The “narrow” analysis of Tesla reminds me of how Apple was seen to be just a hardware or mobilephone company... ","html":"The “narrow” analysis of Tesla reminds me of how Apple was seen to be just a hardware or mobilephone company... ","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/343644139"}