The huge drop in price to 52 week low of $101.81 gives an indication that TSLA will not meet earnings target. Although there are news that TSLA is investing in more giga factories, but the Q4 results will lag expectations as prices have been slashed in China & USA too. Although sales are expected to increase, the margin will suffer. Also there is a lot of negativities surrounding Ellon as seen by the legal action taken by TSLA's investors on Elon's tweet regarding TSLA's buyout. However the savings grace for TSLA going forward is that it is still the most popular EV in USA & still is the leader in the sector. I still believe TSLA will regain its former glory.
Will Tesla drag down the broader market?
On the long-waited Investor Day, Tesla plunged 5.61% after market.
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Will Tesla drag down the broader market?
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