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2022-12-26
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Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1672010743,"share":"https://www.laohu8.com/m/news/2294415577?lang=&edition=full","pubTime":"2022-12-26 07:25","market":"us","language":"en","title":"Tesla Shares Head for Worst Year Ever as Elon Musk Focuses on Twitter","url":"https://stock-news.laohu8.com/highlight/detail?id=2294415577","media":"Dow Jones","summary":"Tesla Inc. is on pace for its worst annual stock performance on record as investors bristle at Elon ","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/4a02bcddf378166288edc93e14f34fe8\" tg-width=\"673\" tg-height=\"455\" width=\"100%\" height=\"auto\"/></p><p>Tesla Inc. is on pace for its worst annual stock performance on record as investors bristle at Elon Musk's Twitter Inc. ownership, as well as declining demand for the car company's electric vehicles and slumps in the broader market in a higher interest rate environment.</p><p>Tesla's share slide marks a sharp reversal for the world's most valuable car company. The electric-vehicle maker had been one of the auto industry's biggest winners during the early 2020s, a period plagued by chip shortages, snarled global supply chains and shutdowns related to Covid-19.</p><p>The company has lost roughly 70% of its value since the stock hit an all-time high in November 2021. Global economic uncertainty is deepening, and consumers have a growing array of other electric vehicles to choose from, prompting concern on Wall Street that Tesla might need to sacrifice its level of profitability to maintain its pace of growth.</p><p>Tesla's stock-price decline has outpaced that of the broader market, as well as many of its rivals, though some electric-vehicle startups have fared worse.</p><p><img src=\"https://static.tigerbbs.com/a5630be7f8125bf70063a42e8dbe2e5d\" tg-width=\"716\" tg-height=\"356\" width=\"100%\" height=\"auto\"/></p><h2>Riding high</h2><p>Tesla entered 2022 from a position of strength, buoyed by better-than-expected results throughout the Covid-19 pandemic and strong vehicle pricing.</p><p>The company has delivered more than a dozen consecutive profitable quarters, helping the electric-vehicle maker that once had a record of being starved for cash in building up a roughly $20 billion cushion, rivaling that of some legacy car manufacturers.</p><p><img src=\"https://static.tigerbbs.com/509cabf5aa0e5849644f7005868656a8\" tg-width=\"725\" tg-height=\"460\" width=\"100%\" height=\"auto\"/></p><h2>Wall Street jitters</h2><p>Wall Street tempered its expectations for Tesla's growth this year after an extended Covid-related shutdown of the company's largest assembly plant, located in Shanghai.</p><p>Now rising interest rates and global economic uncertainty have stoked concern that demand for new vehicles might be weakening.</p><p><img src=\"https://static.tigerbbs.com/73440a997c40546dda25949ffa046b97\" tg-width=\"716\" tg-height=\"398\" width=\"100%\" height=\"auto\"/></p><h2>Readily available</h2><p>As recently as earlier this year, customers faced monthslong waits for many Tesla models. No longer.</p><p>Tesla cut prices in China this fall and is offering various incentives to move cars off the lot and into customers' driveways before the new year. In the U.S., Tesla is offering buyers of certain EVs a $7,500 credit and 10,000 miles of free fast-charging if they agree to take delivery this month.</p><p><img src=\"https://static.tigerbbs.com/ba7c5ed57a0b87ac6ac70f5ae1c4f07c\" tg-width=\"733\" tg-height=\"408\" width=\"100%\" height=\"auto\"/></p><h2>Lowered expectations</h2><p>Tesla, which didn't respond to a request for comment, lowered its full-year growth expectations in October, with Chief Financial Officer Zach Kirkhorn saying the company expected to finish the year just shy of its original 2022 goal of increasing deliveries by 50%. The company delivered around 936,000 vehicles to customers in 2021. It would need to hand over more than 1.4 million this year to achieve its original target.</p><p>Mr. Musk said this month, "There is stormy weather ahead, but then there is going to be sunshine thereafter."</p><p><img src=\"https://static.tigerbbs.com/e20e20daa18faf6c61fdad17821b2d17\" tg-width=\"728\" tg-height=\"431\" width=\"100%\" height=\"auto\"/></p><h2>More alternatives</h2><p>Drivers shopping for an electric vehicle have more options to choose from. Tesla continues to dominate in the U.S., but rivals such as Ford Motor Co. and Rivian Automotive Inc. are gaining traction.</p><p><img src=\"https://static.tigerbbs.com/74ba3b323d4b35278f35f7e5d08c8740\" tg-width=\"713\" tg-height=\"417\" width=\"100%\" height=\"auto\"/></p><p>In China, Warren Buffett-backed BYD Co. is widening its lead over Tesla.</p><p><img src=\"https://static.tigerbbs.com/b081e3c6220c4d797c805d016c89aaca\" tg-width=\"714\" tg-height=\"427\" width=\"100%\" height=\"auto\"/></p><h2>Selling spree</h2><p>Mr. Musk has sold more than $39 billion of Tesla stock since the company's market capitalization peaked. He has pointed to his Twitter involvement in explaining some of those sales. The billionaire bought the social-media company in a deal valued at $44 billion in October, with Twitter taking on roughly $13 billion in debt in the process. He said he wouldn't sell more Tesla shares through next year.</p><p>Mr. Musk's sales have rankled investors, some of whom have called on the company to repurchase its own shares for the first time. Mr. Musk said in October that a meaningful buyback was likely, floating the idea of repurchasing $5 billion to $10 billion of shares in 2023. He more recently cautioned that it would be unwise to buy back shares and then end up in a severe recession.</p><p><img src=\"https://static.tigerbbs.com/fb3f853d3087fadff503ffce72485db1\" tg-width=\"711\" tg-height=\"469\" width=\"100%\" height=\"auto\"/></p></body></html>","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 Shares Head for Worst Year Ever as Elon Musk Focuses on Twitter</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 Head for Worst Year Ever as Elon Musk Focuses on Twitter\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-12-26 07:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><img src=\"https://static.tigerbbs.com/4a02bcddf378166288edc93e14f34fe8\" tg-width=\"673\" tg-height=\"455\" width=\"100%\" height=\"auto\"/></p><p>Tesla Inc. is on pace for its worst annual stock performance on record as investors bristle at Elon Musk's Twitter Inc. ownership, as well as declining demand for the car company's electric vehicles and slumps in the broader market in a higher interest rate environment.</p><p>Tesla's share slide marks a sharp reversal for the world's most valuable car company. The electric-vehicle maker had been one of the auto industry's biggest winners during the early 2020s, a period plagued by chip shortages, snarled global supply chains and shutdowns related to Covid-19.</p><p>The company has lost roughly 70% of its value since the stock hit an all-time high in November 2021. Global economic uncertainty is deepening, and consumers have a growing array of other electric vehicles to choose from, prompting concern on Wall Street that Tesla might need to sacrifice its level of profitability to maintain its pace of growth.</p><p>Tesla's stock-price decline has outpaced that of the broader market, as well as many of its rivals, though some electric-vehicle startups have fared worse.</p><p><img src=\"https://static.tigerbbs.com/a5630be7f8125bf70063a42e8dbe2e5d\" tg-width=\"716\" tg-height=\"356\" width=\"100%\" height=\"auto\"/></p><h2>Riding high</h2><p>Tesla entered 2022 from a position of strength, buoyed by better-than-expected results throughout the Covid-19 pandemic and strong vehicle pricing.</p><p>The company has delivered more than a dozen consecutive profitable quarters, helping the electric-vehicle maker that once had a record of being starved for cash in building up a roughly $20 billion cushion, rivaling that of some legacy car manufacturers.</p><p><img src=\"https://static.tigerbbs.com/509cabf5aa0e5849644f7005868656a8\" tg-width=\"725\" tg-height=\"460\" width=\"100%\" height=\"auto\"/></p><h2>Wall Street jitters</h2><p>Wall Street tempered its expectations for Tesla's growth this year after an extended Covid-related shutdown of the company's largest assembly plant, located in Shanghai.</p><p>Now rising interest rates and global economic uncertainty have stoked concern that demand for new vehicles might be weakening.</p><p><img src=\"https://static.tigerbbs.com/73440a997c40546dda25949ffa046b97\" tg-width=\"716\" tg-height=\"398\" width=\"100%\" height=\"auto\"/></p><h2>Readily available</h2><p>As recently as earlier this year, customers faced monthslong waits for many Tesla models. No longer.</p><p>Tesla cut prices in China this fall and is offering various incentives to move cars off the lot and into customers' driveways before the new year. In the U.S., Tesla is offering buyers of certain EVs a $7,500 credit and 10,000 miles of free fast-charging if they agree to take delivery this month.</p><p><img src=\"https://static.tigerbbs.com/ba7c5ed57a0b87ac6ac70f5ae1c4f07c\" tg-width=\"733\" tg-height=\"408\" width=\"100%\" height=\"auto\"/></p><h2>Lowered expectations</h2><p>Tesla, which didn't respond to a request for comment, lowered its full-year growth expectations in October, with Chief Financial Officer Zach Kirkhorn saying the company expected to finish the year just shy of its original 2022 goal of increasing deliveries by 50%. The company delivered around 936,000 vehicles to customers in 2021. It would need to hand over more than 1.4 million this year to achieve its original target.</p><p>Mr. Musk said this month, "There is stormy weather ahead, but then there is going to be sunshine thereafter."</p><p><img src=\"https://static.tigerbbs.com/e20e20daa18faf6c61fdad17821b2d17\" tg-width=\"728\" tg-height=\"431\" width=\"100%\" height=\"auto\"/></p><h2>More alternatives</h2><p>Drivers shopping for an electric vehicle have more options to choose from. Tesla continues to dominate in the U.S., but rivals such as Ford Motor Co. and Rivian Automotive Inc. are gaining traction.</p><p><img src=\"https://static.tigerbbs.com/74ba3b323d4b35278f35f7e5d08c8740\" tg-width=\"713\" tg-height=\"417\" width=\"100%\" height=\"auto\"/></p><p>In China, Warren Buffett-backed BYD Co. is widening its lead over Tesla.</p><p><img src=\"https://static.tigerbbs.com/b081e3c6220c4d797c805d016c89aaca\" tg-width=\"714\" tg-height=\"427\" width=\"100%\" height=\"auto\"/></p><h2>Selling spree</h2><p>Mr. Musk has sold more than $39 billion of Tesla stock since the company's market capitalization peaked. He has pointed to his Twitter involvement in explaining some of those sales. The billionaire bought the social-media company in a deal valued at $44 billion in October, with Twitter taking on roughly $13 billion in debt in the process. He said he wouldn't sell more Tesla shares through next year.</p><p>Mr. Musk's sales have rankled investors, some of whom have called on the company to repurchase its own shares for the first time. Mr. Musk said in October that a meaningful buyback was likely, floating the idea of repurchasing $5 billion to $10 billion of shares in 2023. He more recently cautioned that it would be unwise to buy back shares and then end up in a severe recession.</p><p><img src=\"https://static.tigerbbs.com/fb3f853d3087fadff503ffce72485db1\" tg-width=\"711\" tg-height=\"469\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4534":"瑞士信贷持仓","LU0823411888.USD":"法巴消费创新基金 Cap","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4555":"新能源车","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)","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4508":"社交媒体","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4077":"互动媒体与服务","BK4527":"明星科技股","BK4550":"红杉资本持仓","BK4579":"人工智能","LU2063271972.USD":"富兰克林创新领域基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4551":"寇图资本持仓","BK4574":"无人驾驶","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4581":"高盛持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","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","TWTR":"Twitter","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","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","BK4511":"特斯拉概念","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4516":"特朗普概念","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","TSLA":"特斯拉","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4585":"ETF&股票定投概念"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2294415577","content_text":"Tesla Inc. is on pace for its worst annual stock performance on record as investors bristle at Elon Musk's Twitter Inc. ownership, as well as declining demand for the car company's electric vehicles and slumps in the broader market in a higher interest rate environment.Tesla's share slide marks a sharp reversal for the world's most valuable car company. The electric-vehicle maker had been one of the auto industry's biggest winners during the early 2020s, a period plagued by chip shortages, snarled global supply chains and shutdowns related to Covid-19.The company has lost roughly 70% of its value since the stock hit an all-time high in November 2021. Global economic uncertainty is deepening, and consumers have a growing array of other electric vehicles to choose from, prompting concern on Wall Street that Tesla might need to sacrifice its level of profitability to maintain its pace of growth.Tesla's stock-price decline has outpaced that of the broader market, as well as many of its rivals, though some electric-vehicle startups have fared worse.Riding highTesla entered 2022 from a position of strength, buoyed by better-than-expected results throughout the Covid-19 pandemic and strong vehicle pricing.The company has delivered more than a dozen consecutive profitable quarters, helping the electric-vehicle maker that once had a record of being starved for cash in building up a roughly $20 billion cushion, rivaling that of some legacy car manufacturers.Wall Street jittersWall Street tempered its expectations for Tesla's growth this year after an extended Covid-related shutdown of the company's largest assembly plant, located in Shanghai.Now rising interest rates and global economic uncertainty have stoked concern that demand for new vehicles might be weakening.Readily availableAs recently as earlier this year, customers faced monthslong waits for many Tesla models. No longer.Tesla cut prices in China this fall and is offering various incentives to move cars off the lot and into customers' driveways before the new year. In the U.S., Tesla is offering buyers of certain EVs a $7,500 credit and 10,000 miles of free fast-charging if they agree to take delivery this month.Lowered expectationsTesla, which didn't respond to a request for comment, lowered its full-year growth expectations in October, with Chief Financial Officer Zach Kirkhorn saying the company expected to finish the year just shy of its original 2022 goal of increasing deliveries by 50%. The company delivered around 936,000 vehicles to customers in 2021. It would need to hand over more than 1.4 million this year to achieve its original target.Mr. Musk said this month, \"There is stormy weather ahead, but then there is going to be sunshine thereafter.\"More alternativesDrivers shopping for an electric vehicle have more options to choose from. Tesla continues to dominate in the U.S., but rivals such as Ford Motor Co. and Rivian Automotive Inc. are gaining traction.In China, Warren Buffett-backed BYD Co. is widening its lead over Tesla.Selling spreeMr. Musk has sold more than $39 billion of Tesla stock since the company's market capitalization peaked. He has pointed to his Twitter involvement in explaining some of those sales. The billionaire bought the social-media company in a deal valued at $44 billion in October, with Twitter taking on roughly $13 billion in debt in the process. He said he wouldn't sell more Tesla shares through next year.Mr. Musk's sales have rankled investors, some of whom have called on the company to repurchase its own shares for the first time. Mr. Musk said in October that a meaningful buyback was likely, floating the idea of repurchasing $5 billion to $10 billion of shares in 2023. He more recently cautioned that it would be unwise to buy back shares and then end up in a severe recession.","news_type":1},"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
