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05-20 13:40

#FUKREUTERS

Tesla Doing Damage-Control, Discounts for European Fleet Buyers

05-17

#FUKREUTERS, every day is reputational damage to a decaying MSM.

Tesla Chair Sees Challenges in Getting Shareholder Vote for Musk's Pay Package, FT Reports

05-07

Clowns. Can't wait to see China embrace FSD.

Tesla Autopilot Probe Escalates With US Regulator’s Data Demands

05-02

#fudsterReuters

Tesla Retreats From Next-Generation "Gigacasting" Manufacturing Process

04-30

You #fukReuters contributed to their losses with your fake news of cancellation of 25k car😏

Tesla Short Sellers Lose Nearly $5.5 Bln Over Four Days, S3 Partner Says

04-30

Love it😍 may the short squeeze continue 🦾🥰

Tesla Short Sellers Lose Nearly $5.5 Bln Over Four Days, S3 Partner Says

04-24

FukReuters again

Tesla Shareholder Seeks to Block Musk From Litigating Pay Outside of Delaware

04-24

Fuk Reuters!

Tesla Shares Rise 13% on Pledge to Launch Cheaper Cars by 2025 After Sales Miss

04-09

Tesla will not entertain shit media to comment on its lies

Former Tesla CEO Says It Is a "Shame" Company Is Cancelling Low-Cost Car Plans

04-09

Bloody FUD media, quoting a former bitter ceo to push its anti Tesla agenda🤬

Former Tesla CEO Says It Is a "Shame" Company Is Cancelling Low-Cost Car Plans

04-05

https://x.com/elonmusk/status/1776275139010904525?s=46 Reuters is dying, hence it has been lying

Tesla Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition

04-05

https://x.com/sawyermerritt/status/1776272915001925897?s=46 Told you Reuters is lying, the article hashed is evil

Tesla Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition

04-05

This bloody Reuters continues to propagate FUD🤬

Tesla Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition

04-05

Is this even news? Dow Jones, wake up!

Musk Tweeted 52 Times After Tesla’s Delivery "Disaster." Only 2 Were About the EV Maker

04-03

Bloomberg shud also ask why Apple only has one iPhone product with many variants and yet Apple products are so desired?😂🤔

Tesla Also Losing Ground in China as It Disappoints Globally

03-29

Another Tesla hating msm. Don't think Tesla should ever advertise with Yahoo.

Tesla's Q1 to Forget: Poor Guidance, China Woes, and Musk Antics Hit EV Maker's Stock Hard

03-27

😂idiots

Citigroup Cuts Tesla Price Target to $196 From $224

03-27

Dow Jones continues to propagate FUD

What's Behind Tesla's Stock Rally? A Short Test Drive

03-26

😂Fong idiot

Bernstein Cuts Tesla Price Target to $120 From $150

03-26

This Reuter will turn any bullish news on Tesla into bearish shit😂😡

Tesla to Give One Month Driver-Assist Technology Trial for Customers

Go to Tiger App to see more news

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brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1716181952,"share":"https://www.laohu8.com/m/news/2436141867?lang=&edition=full","pubTime":"2024-05-20 13:12","market":"us","language":"en","title":"Tesla Doing Damage-Control, Discounts for European Fleet Buyers","url":"https://stock-news.laohu8.com/highlight/detail?id=2436141867","media":"Reuters","summary":"By Nick Carey and Marie Mannes      LONDON, May 20 (Reuters) - Tesla is working to appease some European leasing companies after the automaker’s repeated retail price cuts tanked their fleets’ value a","content":"<html><head></head><body><p>(Reuters) - Tesla is working to appease some European leasing companies after the automaker’s repeated retail price cuts tanked their fleets’ value and its slow service and expensive repairs alienated their corporate customers.</p><p>The efforts include unofficial discounts on purchases of new cars if they are in stock and efforts to address widespread service, repair and ordering complaints after years in which fleet managers and leasing firms say Tesla has ignored those problems, according to Reuters interviews with nine executives from major leasing and rental-car firms, along with about a dozen corporate fleet managers.</p><p>Tesla’s retail price cuts aimed to bolster sales in response to softening electric-vehicle demand globally and rising competition, especially from Chinese EV makers such as BYD . But that damaged the bottom lines of its biggest customers in Europe — where fleet purchases represent nearly half of auto sales.</p><p>Leasing companies buy new cars and arrange leases calculated on how much they believe they can sell them for at the end of the lease. Sudden drops in price undercut those residual values, costing leasing firms money.</p><p>There’s &#34;nothing worse&#34; than continuously dropping the value of a fleet buyer’s assets, said Richard Knubben, director general of Brussels-based Leaseurope, a leasing- and rental-industry group which represents national groups across 31 countries.</p><p>&#34;Tesla is now actively telling our members: We can give you discounts and compensate you,&#34; Knubben said. &#34;But Tesla&#39;s residuals have dropped so fast, I&#39;m not sure the discounts they&#39;re offering are enough.&#34;</p><p>Tesla did not respond to requests for comment.</p><p>Tesla’s falling resale values and tensions with fleet customers are known but its damage-control campaign to address them has not been previously reported.</p><p>A top executive at a large European car-leasing firm, who spoke on condition of anonymity because he did not have permission to comment publicly on Tesla, said that, starting in mid-2023, Tesla offered unofficial end-of-quarter discounts on its Model 3 and Model Y by up to 2,000 euros ($2,134) for leasing-company purchases, if those vehicles were in stock.</p><p>Since late last year, he said, those discounts have been available all the time.</p><p>Tim Albertsen, CEO of Ayvens — Europe&#39;s largest auto-leasing company with a fleet of 3.4 million cars, about 10% of which are EVs — said Tesla’s service has improved but its falling resale values have been damaging. &#34;Tesla has understood that and is coming with solutions that help us with that,&#34; he said.</p><p>Albertsen declined to elaborate on what Tesla has done to mitigate Ayvens’ losses on EVs.</p><p>Arval, the car-leasing unit of <a href=\"https://laohu8.com/S/BNPQF\">BNP Paribas</a>&#39; , is now talking to three Chinese automakers about buying EVs after taking losses tied to declining Tesla values. When Tesla first started cutting prices last year, Arval told the automaker: “You are really shooting yourself in the foot,” said Arval Deputy CEO Bart Beckers.</p><p>Arval leases about 170,000 EVs as part of its 1.7 million-vehicle fleet, Becker said. He said Tesla is working to fix repair-and-service problems but added the automaker’s “new challengers” — Chinese EV makers — seem to be avoiding Tesla’s mistakes by focusing on maintaining strong resale values for cars.</p><p>The automaker faces the same resale-value problem with rental-car companies. Hertz has been selling off Teslas in the U.S. market, while German rival Sixt has stopped buying them. Asked about the impact of Tesla’s price cuts, Sixt said lower residual values on EVs from Tesla and other brands reduced its 2023 earnings by 40 million euros ($42.7 million).</p><p>CRITICAL CUSTOMERS</p><p>Fleet customers are important in any automotive market but especially so in Europe, where firms often lease large numbers of company cars for employees, in part because of associated tax breaks. Leasing and rental-car company purchases comprised 44% of Tesla sales last year in the UK and 15 EU countries, according to market research firm Dataforce.</p><p>Tesla’s first-quarter fleet sales in those countries fell 2.3% while the market as a whole was up 3.5%. Even as its fleet sales fell, leasing companies’ and rental car firms’ share of Tesla’s business in those markets rose to 49%.</p><p>Tesla&#39;s sales and profits are falling globally after a long period of sharp growth. The automaker reported an 8.5% drop in global deliveries during the first quarter, its first decline in four years.</p><p>The decline in fleet sales in those 16 European countries comes after 57% growth in 2023, over the previous year, according to Dataforce. Tesla posted the same percentage growth for all sales across Europe, according to the European Automobile Manufacturers Association.</p><p>Until recently, Tesla had a first-mover advantage that meant European corporate customers had few alternatives for EVs to meet internal climate goals or EU emissions targets.</p><p>That’s changing swiftly. Chinese automakers including BYD are bringing lower-cost electric models to Europe and aggressively courting Tesla&#39;s corporate customers, according to fleet managers, along with executives from leasing firms. Legacy automakers such as Volkswagen and BMW are also producing increasingly competitive EVs.</p><p>‘PENT-UP FRUSTRATION’</p><p>Slow and expensive Tesla service has been another sore point with European leasing companies and their customers, according to Reuters interviews with about a dozen corporate fleet managers. Most declined to be identified because they are actively seeking to resolve problems with Tesla.</p><p>Its repairs take too long and cost far more than other vehicles, partly because of pricey parts, they say.</p><p>Even so, Tesla does have satisfied fleet customers.</p><p>Octopus Electric Vehicles, the car-leasing arm of UK energy firm Octopus Energy, has about 5,000 Teslas among about 15,000 EVs. CEO Fiona Howarth said that Tesla, as an EV pioneer, needed time to figure out service operations and that legacy automakers now face similar challenges with their own EVs. She said Tesla resale values were artificially high during the coronavirus pandemic and needed to come down.</p><p>&#34;We&#39;ve had a really good working relationship with Tesla,&#34; she said.</p><p>Lorna McAtear, fleet manager at UK energy firm National Grid, described much rockier relations with Tesla. She’s been compiling data on repair costs and found Tesla’s to be triple the industry average.</p><p>Other problems, McAtear said, include a cumbersome ordering system and cars arriving with defects. For instance, she said, Tesla delivered a number of EVs with warped windshields and declined to fix them under warranty.</p><p>National Grid has more than 500 Teslas in its company-car fleet of 2,000 vehicles. McAtear said she has planned to propose her company drop Tesla from its fleet unless the problems are addressed. Meanwhile, Tesla’s chief Chinese rival, BYD, is starting to deliver cars to National Grid.</p><p>McAtear said she pushed for a face-to-face meeting with Tesla representatives in mid-April. During that meeting the automaker promised service improvements and an ordering-system fix, along with additional meetings and a “roadmap” for resolving outstanding problems leaving McAtear feeling like &#34;we finally have customer service.&#34;</p><p>The automaker has been unresponsive in the past, she said: &#34;There have been years of pent-up frustration that fleets can&#39;t talk to Tesla.&#34;</p><p>($1 = 0.9373 euros)</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 Doing Damage-Control, Discounts for European Fleet Buyers</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 Doing Damage-Control, Discounts for European Fleet Buyers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-05-20 13:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Tesla is working to appease some European leasing companies after the automaker’s repeated retail price cuts tanked their fleets’ value and its slow service and expensive repairs alienated their corporate customers.</p><p>The efforts include unofficial discounts on purchases of new cars if they are in stock and efforts to address widespread service, repair and ordering complaints after years in which fleet managers and leasing firms say Tesla has ignored those problems, according to Reuters interviews with nine executives from major leasing and rental-car firms, along with about a dozen corporate fleet managers.</p><p>Tesla’s retail price cuts aimed to bolster sales in response to softening electric-vehicle demand globally and rising competition, especially from Chinese EV makers such as BYD . But that damaged the bottom lines of its biggest customers in Europe — where fleet purchases represent nearly half of auto sales.</p><p>Leasing companies buy new cars and arrange leases calculated on how much they believe they can sell them for at the end of the lease. Sudden drops in price undercut those residual values, costing leasing firms money.</p><p>There’s &#34;nothing worse&#34; than continuously dropping the value of a fleet buyer’s assets, said Richard Knubben, director general of Brussels-based Leaseurope, a leasing- and rental-industry group which represents national groups across 31 countries.</p><p>&#34;Tesla is now actively telling our members: We can give you discounts and compensate you,&#34; Knubben said. &#34;But Tesla&#39;s residuals have dropped so fast, I&#39;m not sure the discounts they&#39;re offering are enough.&#34;</p><p>Tesla did not respond to requests for comment.</p><p>Tesla’s falling resale values and tensions with fleet customers are known but its damage-control campaign to address them has not been previously reported.</p><p>A top executive at a large European car-leasing firm, who spoke on condition of anonymity because he did not have permission to comment publicly on Tesla, said that, starting in mid-2023, Tesla offered unofficial end-of-quarter discounts on its Model 3 and Model Y by up to 2,000 euros ($2,134) for leasing-company purchases, if those vehicles were in stock.</p><p>Since late last year, he said, those discounts have been available all the time.</p><p>Tim Albertsen, CEO of Ayvens — Europe&#39;s largest auto-leasing company with a fleet of 3.4 million cars, about 10% of which are EVs — said Tesla’s service has improved but its falling resale values have been damaging. &#34;Tesla has understood that and is coming with solutions that help us with that,&#34; he said.</p><p>Albertsen declined to elaborate on what Tesla has done to mitigate Ayvens’ losses on EVs.</p><p>Arval, the car-leasing unit of <a href=\"https://laohu8.com/S/BNPQF\">BNP Paribas</a>&#39; , is now talking to three Chinese automakers about buying EVs after taking losses tied to declining Tesla values. When Tesla first started cutting prices last year, Arval told the automaker: “You are really shooting yourself in the foot,” said Arval Deputy CEO Bart Beckers.</p><p>Arval leases about 170,000 EVs as part of its 1.7 million-vehicle fleet, Becker said. He said Tesla is working to fix repair-and-service problems but added the automaker’s “new challengers” — Chinese EV makers — seem to be avoiding Tesla’s mistakes by focusing on maintaining strong resale values for cars.</p><p>The automaker faces the same resale-value problem with rental-car companies. Hertz has been selling off Teslas in the U.S. market, while German rival Sixt has stopped buying them. Asked about the impact of Tesla’s price cuts, Sixt said lower residual values on EVs from Tesla and other brands reduced its 2023 earnings by 40 million euros ($42.7 million).</p><p>CRITICAL CUSTOMERS</p><p>Fleet customers are important in any automotive market but especially so in Europe, where firms often lease large numbers of company cars for employees, in part because of associated tax breaks. Leasing and rental-car company purchases comprised 44% of Tesla sales last year in the UK and 15 EU countries, according to market research firm Dataforce.</p><p>Tesla’s first-quarter fleet sales in those countries fell 2.3% while the market as a whole was up 3.5%. Even as its fleet sales fell, leasing companies’ and rental car firms’ share of Tesla’s business in those markets rose to 49%.</p><p>Tesla&#39;s sales and profits are falling globally after a long period of sharp growth. The automaker reported an 8.5% drop in global deliveries during the first quarter, its first decline in four years.</p><p>The decline in fleet sales in those 16 European countries comes after 57% growth in 2023, over the previous year, according to Dataforce. Tesla posted the same percentage growth for all sales across Europe, according to the European Automobile Manufacturers Association.</p><p>Until recently, Tesla had a first-mover advantage that meant European corporate customers had few alternatives for EVs to meet internal climate goals or EU emissions targets.</p><p>That’s changing swiftly. Chinese automakers including BYD are bringing lower-cost electric models to Europe and aggressively courting Tesla&#39;s corporate customers, according to fleet managers, along with executives from leasing firms. Legacy automakers such as Volkswagen and BMW are also producing increasingly competitive EVs.</p><p>‘PENT-UP FRUSTRATION’</p><p>Slow and expensive Tesla service has been another sore point with European leasing companies and their customers, according to Reuters interviews with about a dozen corporate fleet managers. Most declined to be identified because they are actively seeking to resolve problems with Tesla.</p><p>Its repairs take too long and cost far more than other vehicles, partly because of pricey parts, they say.</p><p>Even so, Tesla does have satisfied fleet customers.</p><p>Octopus Electric Vehicles, the car-leasing arm of UK energy firm Octopus Energy, has about 5,000 Teslas among about 15,000 EVs. CEO Fiona Howarth said that Tesla, as an EV pioneer, needed time to figure out service operations and that legacy automakers now face similar challenges with their own EVs. She said Tesla resale values were artificially high during the coronavirus pandemic and needed to come down.</p><p>&#34;We&#39;ve had a really good working relationship with Tesla,&#34; she said.</p><p>Lorna McAtear, fleet manager at UK energy firm National Grid, described much rockier relations with Tesla. She’s been compiling data on repair costs and found Tesla’s to be triple the industry average.</p><p>Other problems, McAtear said, include a cumbersome ordering system and cars arriving with defects. For instance, she said, Tesla delivered a number of EVs with warped windshields and declined to fix them under warranty.</p><p>National Grid has more than 500 Teslas in its company-car fleet of 2,000 vehicles. McAtear said she has planned to propose her company drop Tesla from its fleet unless the problems are addressed. Meanwhile, Tesla’s chief Chinese rival, BYD, is starting to deliver cars to National Grid.</p><p>McAtear said she pushed for a face-to-face meeting with Tesla representatives in mid-April. During that meeting the automaker promised service improvements and an ordering-system fix, along with additional meetings and a “roadmap” for resolving outstanding problems leaving McAtear feeling like &#34;we finally have customer service.&#34;</p><p>The automaker has been unresponsive in the past, she said: &#34;There have been years of pent-up frustration that fleets can&#39;t talk to Tesla.&#34;</p><p>($1 = 0.9373 euros)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","LU2063271972.USD":"富兰克林创新领域基金","BK4527":"明星科技股","BK0070":"员工持股","BK4588":"碎股","BK4550":"红杉资本持仓","BK0188":"融资融券","LU0823414478.USD":"法巴经典能源转换基金","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4574":"无人驾驶","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4551":"寇图资本持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4022":"陆运","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4581":"高盛持仓","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","TSLA":"特斯拉","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","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4099":"汽车制造商","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK0169":"共享汽车","BK0196":"行业龙头","LU1969619763.USD":"EASTSPRING INV CHINA A SHARES GROWTH \"A\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK0155":"锂电池","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4592":"伊斯兰概念","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK0072":"苹果","BK4585":"ETF&股票定投概念","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2436141867","content_text":"(Reuters) - Tesla is working to appease some European leasing companies after the automaker’s repeated retail price cuts tanked their fleets’ value and its slow service and expensive repairs alienated their corporate customers.The efforts include unofficial discounts on purchases of new cars if they are in stock and efforts to address widespread service, repair and ordering complaints after years in which fleet managers and leasing firms say Tesla has ignored those problems, according to Reuters interviews with nine executives from major leasing and rental-car firms, along with about a dozen corporate fleet managers.Tesla’s retail price cuts aimed to bolster sales in response to softening electric-vehicle demand globally and rising competition, especially from Chinese EV makers such as BYD . But that damaged the bottom lines of its biggest customers in Europe — where fleet purchases represent nearly half of auto sales.Leasing companies buy new cars and arrange leases calculated on how much they believe they can sell them for at the end of the lease. Sudden drops in price undercut those residual values, costing leasing firms money.There’s \"nothing worse\" than continuously dropping the value of a fleet buyer’s assets, said Richard Knubben, director general of Brussels-based Leaseurope, a leasing- and rental-industry group which represents national groups across 31 countries.\"Tesla is now actively telling our members: We can give you discounts and compensate you,\" Knubben said. \"But Tesla's residuals have dropped so fast, I'm not sure the discounts they're offering are enough.\"Tesla did not respond to requests for comment.Tesla’s falling resale values and tensions with fleet customers are known but its damage-control campaign to address them has not been previously reported.A top executive at a large European car-leasing firm, who spoke on condition of anonymity because he did not have permission to comment publicly on Tesla, said that, starting in mid-2023, Tesla offered unofficial end-of-quarter discounts on its Model 3 and Model Y by up to 2,000 euros ($2,134) for leasing-company purchases, if those vehicles were in stock.Since late last year, he said, those discounts have been available all the time.Tim Albertsen, CEO of Ayvens — Europe's largest auto-leasing company with a fleet of 3.4 million cars, about 10% of which are EVs — said Tesla’s service has improved but its falling resale values have been damaging. \"Tesla has understood that and is coming with solutions that help us with that,\" he said.Albertsen declined to elaborate on what Tesla has done to mitigate Ayvens’ losses on EVs.Arval, the car-leasing unit of BNP Paribas' , is now talking to three Chinese automakers about buying EVs after taking losses tied to declining Tesla values. When Tesla first started cutting prices last year, Arval told the automaker: “You are really shooting yourself in the foot,” said Arval Deputy CEO Bart Beckers.Arval leases about 170,000 EVs as part of its 1.7 million-vehicle fleet, Becker said. He said Tesla is working to fix repair-and-service problems but added the automaker’s “new challengers” — Chinese EV makers — seem to be avoiding Tesla’s mistakes by focusing on maintaining strong resale values for cars.The automaker faces the same resale-value problem with rental-car companies. Hertz has been selling off Teslas in the U.S. market, while German rival Sixt has stopped buying them. Asked about the impact of Tesla’s price cuts, Sixt said lower residual values on EVs from Tesla and other brands reduced its 2023 earnings by 40 million euros ($42.7 million).CRITICAL CUSTOMERSFleet customers are important in any automotive market but especially so in Europe, where firms often lease large numbers of company cars for employees, in part because of associated tax breaks. Leasing and rental-car company purchases comprised 44% of Tesla sales last year in the UK and 15 EU countries, according to market research firm Dataforce.Tesla’s first-quarter fleet sales in those countries fell 2.3% while the market as a whole was up 3.5%. Even as its fleet sales fell, leasing companies’ and rental car firms’ share of Tesla’s business in those markets rose to 49%.Tesla's sales and profits are falling globally after a long period of sharp growth. The automaker reported an 8.5% drop in global deliveries during the first quarter, its first decline in four years.The decline in fleet sales in those 16 European countries comes after 57% growth in 2023, over the previous year, according to Dataforce. Tesla posted the same percentage growth for all sales across Europe, according to the European Automobile Manufacturers Association.Until recently, Tesla had a first-mover advantage that meant European corporate customers had few alternatives for EVs to meet internal climate goals or EU emissions targets.That’s changing swiftly. Chinese automakers including BYD are bringing lower-cost electric models to Europe and aggressively courting Tesla's corporate customers, according to fleet managers, along with executives from leasing firms. Legacy automakers such as Volkswagen and BMW are also producing increasingly competitive EVs.‘PENT-UP FRUSTRATION’Slow and expensive Tesla service has been another sore point with European leasing companies and their customers, according to Reuters interviews with about a dozen corporate fleet managers. Most declined to be identified because they are actively seeking to resolve problems with Tesla.Its repairs take too long and cost far more than other vehicles, partly because of pricey parts, they say.Even so, Tesla does have satisfied fleet customers.Octopus Electric Vehicles, the car-leasing arm of UK energy firm Octopus Energy, has about 5,000 Teslas among about 15,000 EVs. CEO Fiona Howarth said that Tesla, as an EV pioneer, needed time to figure out service operations and that legacy automakers now face similar challenges with their own EVs. She said Tesla resale values were artificially high during the coronavirus pandemic and needed to come down.\"We've had a really good working relationship with Tesla,\" she said.Lorna McAtear, fleet manager at UK energy firm National Grid, described much rockier relations with Tesla. She’s been compiling data on repair costs and found Tesla’s to be triple the industry average.Other problems, McAtear said, include a cumbersome ordering system and cars arriving with defects. For instance, she said, Tesla delivered a number of EVs with warped windshields and declined to fix them under warranty.National Grid has more than 500 Teslas in its company-car fleet of 2,000 vehicles. McAtear said she has planned to propose her company drop Tesla from its fleet unless the problems are addressed. Meanwhile, Tesla’s chief Chinese rival, BYD, is starting to deliver cars to National Grid.McAtear said she pushed for a face-to-face meeting with Tesla representatives in mid-April. During that meeting the automaker promised service improvements and an ordering-system fix, along with additional meetings and a “roadmap” for resolving outstanding problems leaving McAtear feeling like \"we finally have customer service.\"The automaker has been unresponsive in the past, she said: \"There have been years of pent-up frustration that fleets can't talk to Tesla.\"($1 = 0.9373 euros)","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":306873601896592,"gmtCreate":1715955591852,"gmtModify":1715957227860,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"#FUKREUTERS, every day is reputational damage to a decaying MSM.","listText":"#FUKREUTERS, every day is reputational damage to a decaying MSM.","text":"#FUKREUTERS, every day is reputational damage to a decaying MSM.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/306873601896592","repostId":"2436116069","repostType":2,"repost":{"id":"2436116069","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1715955300,"share":"https://www.laohu8.com/m/news/2436116069?lang=&edition=full","pubTime":"2024-05-17 22:15","market":"us","language":"en","title":"Tesla Chair Sees Challenges in Getting Shareholder Vote for Musk's Pay Package, FT Reports","url":"https://stock-news.laohu8.com/highlight/detail?id=2436116069","media":"Reuters","summary":"May 17 (Reuters) - Tesla's chair of the board said the company needs to climb \"Mount Everest\" as it faces shareholder votes on relocating to Texas and CEO Elon Musk's $56 billion pay deal, the Financi","content":"<html><head></head><body><p>May 17 (Reuters) - Tesla&#39;s chair of the board said the company needs to climb &#34;Mount Everest&#34; as it faces shareholder votes on relocating to Texas and CEO Elon Musk&#39;s $56 billion pay deal, the Financial Times reported on Friday.</p><p>Robyn Denholm, who has held Tesla&#39;s chairperson position since 2018, also dismissed criticism that she is too close to Musk, according to the report.</p><p>Last month, Denholm asked shareholders to reaffirm their approval of Musk&#39;s record-breaking $56 billion compensation that was rejected by a Delaware judge in January.</p><p>The board is in early days of the campaign and will meet with shareholders all the way through to the day of the vote, Denholm told the Financial Times.</p><p>The largest pay package in corporate America has no salary or cash bonus and sets rewards based on Tesla&#39;s market value rising to as much as $650 billion over the next 10 years from 2018.</p><p>&#34;Every shareholder that I&#39;ve ever talked to says that (the compensation plan) worked, Denholm said, adding that they appreciate that it drove a lot of shareholder value, according to the report.</p><p>Tesla&#39;s board has repeatedly come under fire for its close ties with the billionaire.</p><p>After the original pay package was voided by Judge Kathaleen McCormick of Delaware&#39;s Court of Chancery, Musk sought to move Tesla&#39;s state of incorporation to Texas from Delaware.</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\" 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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 Chair Sees Challenges in Getting Shareholder Vote for Musk's Pay Package, FT Reports\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-05-17 22:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>May 17 (Reuters) - Tesla&#39;s chair of the board said the company needs to climb &#34;Mount Everest&#34; as it faces shareholder votes on relocating to Texas and CEO Elon Musk&#39;s $56 billion pay deal, the Financial Times reported on Friday.</p><p>Robyn Denholm, who has held Tesla&#39;s chairperson position since 2018, also dismissed criticism that she is too close to Musk, according to the report.</p><p>Last month, Denholm asked shareholders to reaffirm their approval of Musk&#39;s record-breaking $56 billion compensation that was rejected by a Delaware judge in January.</p><p>The board is in early days of the campaign and will meet with shareholders all the way through to the day of the vote, Denholm told the Financial Times.</p><p>The largest pay package in corporate America has no salary or cash bonus and sets rewards based on Tesla&#39;s market value rising to as much as $650 billion over the next 10 years from 2018.</p><p>&#34;Every shareholder that I&#39;ve ever talked to says that (the compensation plan) worked, Denholm said, adding that they appreciate that it drove a lot of shareholder value, according to the report.</p><p>Tesla&#39;s board has repeatedly come under fire for its close ties with the billionaire.</p><p>After the original pay package was voided by Judge Kathaleen McCormick of Delaware&#39;s Court of Chancery, Musk sought to move Tesla&#39;s state of incorporation to Texas from Delaware.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4527":"明星科技股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) 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SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) 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"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2436116069","content_text":"May 17 (Reuters) - Tesla's chair of the board said the company needs to climb \"Mount Everest\" as it faces shareholder votes on relocating to Texas and CEO Elon Musk's $56 billion pay deal, the Financial Times reported on Friday.Robyn Denholm, who has held Tesla's chairperson position since 2018, also dismissed criticism that she is too close to Musk, according to the report.Last month, Denholm asked shareholders to reaffirm their approval of Musk's record-breaking $56 billion compensation that was rejected by a Delaware judge in January.The board is in early days of the campaign and will meet with shareholders all the way through to the day of the vote, Denholm told the Financial Times.The largest pay package in corporate America has no salary or cash bonus and sets rewards based on Tesla's market value rising to as much as $650 billion over the next 10 years from 2018.\"Every shareholder that I've ever talked to says that (the compensation plan) worked, Denholm said, adding that they appreciate that it drove a lot of shareholder value, according to the report.Tesla's board has repeatedly come under fire for its close ties with the billionaire.After the original pay package was voided by Judge Kathaleen McCormick of Delaware's Court of Chancery, Musk sought to move Tesla's state of incorporation to Texas from Delaware.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":303397635993768,"gmtCreate":1715092050224,"gmtModify":1715094147655,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Clowns. Can't wait to see China embrace FSD.","listText":"Clowns. Can't wait to see China embrace FSD.","text":"Clowns. Can't wait to see China embrace FSD.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/303397635993768","repostId":"2433279298","repostType":2,"repost":{"id":"2433279298","pubTimestamp":1715091261,"share":"https://www.laohu8.com/m/news/2433279298?lang=&edition=full","pubTime":"2024-05-07 22:14","market":"us","language":"en","title":"Tesla Autopilot Probe Escalates With US Regulator’s Data Demands","url":"https://stock-news.laohu8.com/highlight/detail?id=2433279298","media":"Bloomberg","summary":" -- Tesla Inc. is facing a July 1 deadline to furnish US regulators with information about its biggest-ever recall because drivers using Autopilot keep crashing while using the system.Israel Says a Cease-Fire Plan Backed by Hamas Falls Short. Jack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’。At $2 Million Per Minute, Treasuries Mint Cash Like Never Before. Ex-Trump Controller Says Cohen Repaid From Personal Account. Russians Are Coming to Terms With Putin’s War in Ukraine. In a letter posted on its website Tuesday, the National Highway Traffic Safety Administration presses Tesla on how much mileage consumers are racking up using its driver-assistance system, and how many times drivers have been warned to put their hands on the wheel before and after the company’s December recall. The agency announced last month that it was opening up a query into whether Tesla’s over-the-air software update sufficiently prevented misuse after 20 more crashes occurred in the months after th","content":"<html><head></head><body><ul style=\"\"><li><p>US traffic safety agency sets July 1 deadline for response</p></li><li><p>NHTSA opened query into sufficiency of 2 million-car recall</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/aa954a963cb4d9fb8d2fc26465599d45\" title=\"\" tg-width=\"2000\" tg-height=\"1334\"/></p><p>(Bloomberg) -- Tesla Inc. is facing a July 1 deadline to furnish US regulators with information about its biggest-ever recall because drivers using Autopilot keep crashing while using the system.</p><p>Tesla shares slide 3% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/815ad27c2f9ffb1ffe014b4c38c4e59f\" tg-width=\"784\" tg-height=\"627\"/></p><p>In a letter posted on its website Tuesday, the National Highway Traffic Safety Administration presses Tesla on how much mileage consumers are racking up using its driver-assistance system, and how many times drivers have been warned to put their hands on the wheel before and after the company’s December recall. The agency announced last month that it was opening up a query into whether Tesla’s over-the-air software update sufficiently prevented misuse after 20 more crashes occurred in the months after the recall.</p><p>Tesla didn’t immediately respond to a request for comment. If the company fails to promptly and fully respond to NHTSA, it faces penalties of as much as $27,168 per violation per day, with a maximum fine of more than $135 million, according to the letter.</p><p>The information request marks the latest escalation of NHTSA’s examination of Autopilot dating back to August 2021, when the agency opened a defect investigation precipitated by Teslas crashing into first-responder vehicles. In the process of closing that probe and simultaneously opening its recall query, the agency said that Tesla’s means for keeping drivers engaged was weak and its system was too permissive, resulting in a “critical safety gap” between drivers’ expectations and Autopilot’s actual capabilities.</p><p>NHTSA has opened more than 50 special crash investigations involving Tesla cars that are suspected to be linked to Autopilot, with the pace of probes picking up under the Biden administration.</p><p>Regulators scrutinizing Tesla’s driving systems go beyond NHTSA. The company disclosed in January 2023 that it had received requests for documents from the Justice Department related to Autopilot. Bloomberg also reported that month that the Securities and Exchange Commission was investigating Chief Executive Officer Elon Musk’s role in shaping Tesla’s self-driving claims.</p></body></html>","source":"lsy1584095487587","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 Autopilot Probe Escalates With US Regulator’s Data Demands</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 Autopilot Probe Escalates With US Regulator’s Data Demands\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-07 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-05-07/tesla-autopilot-probe-escalates-with-us-regulator-s-data-demands?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>US traffic safety agency sets July 1 deadline for responseNHTSA opened query into sufficiency of 2 million-car recall(Bloomberg) -- Tesla Inc. is facing a July 1 deadline to furnish US regulators with...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-05-07/tesla-autopilot-probe-escalates-with-us-regulator-s-data-demands?srnd=homepage-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","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","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4592":"伊斯兰概念","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","TSLA":"特斯拉","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4527":"明星科技股","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4550":"红杉资本持仓","BK4588":"碎股","LU0823414478.USD":"法巴经典能源转换基金","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","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","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1548497426.USD":"安联环球人工智能AT Acc","BK4581":"高盛持仓"},"source_url":"https://www.bloomberg.com/news/articles/2024-05-07/tesla-autopilot-probe-escalates-with-us-regulator-s-data-demands?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2433279298","content_text":"US traffic safety agency sets July 1 deadline for responseNHTSA opened query into sufficiency of 2 million-car recall(Bloomberg) -- Tesla Inc. is facing a July 1 deadline to furnish US regulators with information about its biggest-ever recall because drivers using Autopilot keep crashing while using the system.Tesla shares slide 3% in morning trading.In a letter posted on its website Tuesday, the National Highway Traffic Safety Administration presses Tesla on how much mileage consumers are racking up using its driver-assistance system, and how many times drivers have been warned to put their hands on the wheel before and after the company’s December recall. The agency announced last month that it was opening up a query into whether Tesla’s over-the-air software update sufficiently prevented misuse after 20 more crashes occurred in the months after the recall.Tesla didn’t immediately respond to a request for comment. If the company fails to promptly and fully respond to NHTSA, it faces penalties of as much as $27,168 per violation per day, with a maximum fine of more than $135 million, according to the letter.The information request marks the latest escalation of NHTSA’s examination of Autopilot dating back to August 2021, when the agency opened a defect investigation precipitated by Teslas crashing into first-responder vehicles. In the process of closing that probe and simultaneously opening its recall query, the agency said that Tesla’s means for keeping drivers engaged was weak and its system was too permissive, resulting in a “critical safety gap” between drivers’ expectations and Autopilot’s actual capabilities.NHTSA has opened more than 50 special crash investigations involving Tesla cars that are suspected to be linked to Autopilot, with the pace of probes picking up under the Biden administration.Regulators scrutinizing Tesla’s driving systems go beyond NHTSA. The company disclosed in January 2023 that it had received requests for documents from the Justice Department related to Autopilot. Bloomberg also reported that month that the Securities and Exchange Commission was investigating Chief Executive Officer Elon Musk’s role in shaping Tesla’s self-driving claims.","news_type":1},"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":301419891400800,"gmtCreate":1714608260921,"gmtModify":1714608263972,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"#fudsterReuters","listText":"#fudsterReuters","text":"#fudsterReuters","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/301419891400800","repostId":"2432504032","repostType":2,"repost":{"id":"2432504032","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1714637171,"share":"https://www.laohu8.com/m/news/2432504032?lang=&edition=full","pubTime":"2024-05-02 16:06","market":"us","language":"en","title":"Tesla Retreats From Next-Generation \"Gigacasting\" Manufacturing Process","url":"https://stock-news.laohu8.com/highlight/detail?id=2432504032","media":"Reuters","summary":"AUSTIN, Texas, May 1 (Reuters) - Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, i","content":"<html><head></head><body><p>AUSTIN, Texas, May 1 (Reuters) - Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition.</p><p>Shares rose 2% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/03ca59fe2d52727a450ef968c14c02cb\" tg-width=\"848\" tg-height=\"843\"/></p><p>Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands of tons of clamping pressure to die-cast large sections of the car’s underbody. On a typical vehicle, the underbody can consist of hundreds of individual parts.</p><p>Last year, as Tesla developed a new small-vehicle platform, it aimed to punch out the underbody in a single piece, Reuters exclusively reported last September, citing five sources familiar with the automaker’s gigacasting operations. The long-term goal was to radically simplify manufacturing and slash costs.</p><p>But Tesla has since halted the effort, opting to stick with its more proven method of casting vehicle underbodies in three pieces: two gigacasted front and rear sections and a midsection made of aluminum and steel frames to store batteries, according to the two sources familiar with the matter. That is largely the same three-piece method the company has used for its last two new models, the Model Y crossover SUV and the Cybertruck pickup.</p><p>Tesla’s retreat from one-piece gigacasting has not been previously reported. The automaker did not respond to a request for comment.</p><p>The decision to hold off on the potential manufacturing breakthrough marks another example of Tesla slashing short-term spending as it adjusts to falling sales and profit margins, softening EV demand globally, and intensifying competition from rival EV makers such as China’s BYD. Tesla last month laid off more than 10% of its global workforce. A handful of senior executives have also resigned or been pushed out.</p><p>Such moves also reflect a fundamental strategy shift, with Tesla now focusing more on developing self-driving vehicles than on pushing for huge growth in EV sales volume, which many investors had been counting on.</p><p>The step-back on gigacasting occurred last autumn, the people said, before Tesla decided in late February to halt development of an all-new affordable car, often called the Model 2, which would have been the first vehicle it built with one-piece gigacasting. Reuters first reported the cancellation of the Model 2 on April 5.</p><p>On April 23, as it released earnings that missed Wall Street expectations, Tesla said it had a simpler, faster plan for producing “more affordable” cars after shelving plans for the Model 2, which was expected to cost $25,000 and be released in the second half of 2025.</p><p>Instead, Tesla officials said, it would produce affordable models using a current platform and production lines. On an investor call, Chief Executive Elon Musk declined to provide details on the planned new offerings or their target prices.</p><p>Tesla has not entirely abandoned the small-vehicle platform it had planned for the Model 2. Instead, it will move forward in developing a self-driving robotaxi on the same platform, Reuters reported in the April 5 story. One of the two sources familiar with the automaker’s gigacasting operations said the suppliers involved are now adapting Tesla&#39;s three-piece process for the next-generation vehicle.</p><p>Both sources said the automaker decided last autumn to halt work on the more innovative and difficult one-piece casting process. At the time, the rationale for the decision was to speed development of the now-defunct Model 2 and avoid any costly delays or manufacturing problems, the two sources said.</p><h2 id=\"id_1625347922\" style=\"text-align: start;\">BIG UPFRONT INVESTMENT</h2><p>Tesla and Musk have said gigacasting helps the automaker reduce costs over the long term. But the process requires large initial investments and is difficult and time-consuming to perfect, automotive manufacturing experts say.</p><p>Experts in vehicle manufacturing said Tesla’s more conservative path on gigacasting is no surprise and in part reflects the pains it has experienced historically in launching complex and innovative vehicles on time. The automaker’s highly experimental Cybertruck arrived last autumn at a far higher price than predicted after substantial delays to work through manufacturing issues. Tesla is still struggling to produce the angular, stainless-steel pickup in mass-market volumes.</p><p>Holding off on one-piece gigacasting will save the company from making massive short-term capital investments in manufacturing and design, said Terry Woychowski, president of U.S. engineering company Caresoft Global, who has led teardowns and engineering analyses on numerous vehicles, including Teslas.</p><p>“Would they rather have done it all in one big piece? Sure, they would’ve, but at what cost?” Woychowski asked.</p><p>James Womack, a vehicle manufacturing expert and former research director at the Massachusetts Institute of Technology, said Tesla’s gigacasting pullback reflects the company’s scramble last year to launch an all-new $25,000 car to catch up with Chinese EV makers who are already dominating the low-cost EV segment.</p><p>But pushing forward with an innovative production technique would do little to help sell a Tesla car to consumers, Womack said.</p><p>“It’s not very exciting from the standpoint of the public and buyer,” Womack said, “and you don’t know whether this is really a big cost-saver or not.”</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 Retreats From Next-Generation \"Gigacasting\" Manufacturing Process</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 Retreats From Next-Generation \"Gigacasting\" Manufacturing Process\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-05-02 16:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>AUSTIN, Texas, May 1 (Reuters) - Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition.</p><p>Shares rose 2% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/03ca59fe2d52727a450ef968c14c02cb\" tg-width=\"848\" tg-height=\"843\"/></p><p>Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands of tons of clamping pressure to die-cast large sections of the car’s underbody. On a typical vehicle, the underbody can consist of hundreds of individual parts.</p><p>Last year, as Tesla developed a new small-vehicle platform, it aimed to punch out the underbody in a single piece, Reuters exclusively reported last September, citing five sources familiar with the automaker’s gigacasting operations. The long-term goal was to radically simplify manufacturing and slash costs.</p><p>But Tesla has since halted the effort, opting to stick with its more proven method of casting vehicle underbodies in three pieces: two gigacasted front and rear sections and a midsection made of aluminum and steel frames to store batteries, according to the two sources familiar with the matter. That is largely the same three-piece method the company has used for its last two new models, the Model Y crossover SUV and the Cybertruck pickup.</p><p>Tesla’s retreat from one-piece gigacasting has not been previously reported. The automaker did not respond to a request for comment.</p><p>The decision to hold off on the potential manufacturing breakthrough marks another example of Tesla slashing short-term spending as it adjusts to falling sales and profit margins, softening EV demand globally, and intensifying competition from rival EV makers such as China’s BYD. Tesla last month laid off more than 10% of its global workforce. A handful of senior executives have also resigned or been pushed out.</p><p>Such moves also reflect a fundamental strategy shift, with Tesla now focusing more on developing self-driving vehicles than on pushing for huge growth in EV sales volume, which many investors had been counting on.</p><p>The step-back on gigacasting occurred last autumn, the people said, before Tesla decided in late February to halt development of an all-new affordable car, often called the Model 2, which would have been the first vehicle it built with one-piece gigacasting. Reuters first reported the cancellation of the Model 2 on April 5.</p><p>On April 23, as it released earnings that missed Wall Street expectations, Tesla said it had a simpler, faster plan for producing “more affordable” cars after shelving plans for the Model 2, which was expected to cost $25,000 and be released in the second half of 2025.</p><p>Instead, Tesla officials said, it would produce affordable models using a current platform and production lines. On an investor call, Chief Executive Elon Musk declined to provide details on the planned new offerings or their target prices.</p><p>Tesla has not entirely abandoned the small-vehicle platform it had planned for the Model 2. Instead, it will move forward in developing a self-driving robotaxi on the same platform, Reuters reported in the April 5 story. One of the two sources familiar with the automaker’s gigacasting operations said the suppliers involved are now adapting Tesla&#39;s three-piece process for the next-generation vehicle.</p><p>Both sources said the automaker decided last autumn to halt work on the more innovative and difficult one-piece casting process. At the time, the rationale for the decision was to speed development of the now-defunct Model 2 and avoid any costly delays or manufacturing problems, the two sources said.</p><h2 id=\"id_1625347922\" style=\"text-align: start;\">BIG UPFRONT INVESTMENT</h2><p>Tesla and Musk have said gigacasting helps the automaker reduce costs over the long term. But the process requires large initial investments and is difficult and time-consuming to perfect, automotive manufacturing experts say.</p><p>Experts in vehicle manufacturing said Tesla’s more conservative path on gigacasting is no surprise and in part reflects the pains it has experienced historically in launching complex and innovative vehicles on time. The automaker’s highly experimental Cybertruck arrived last autumn at a far higher price than predicted after substantial delays to work through manufacturing issues. Tesla is still struggling to produce the angular, stainless-steel pickup in mass-market volumes.</p><p>Holding off on one-piece gigacasting will save the company from making massive short-term capital investments in manufacturing and design, said Terry Woychowski, president of U.S. engineering company Caresoft Global, who has led teardowns and engineering analyses on numerous vehicles, including Teslas.</p><p>“Would they rather have done it all in one big piece? Sure, they would’ve, but at what cost?” Woychowski asked.</p><p>James Womack, a vehicle manufacturing expert and former research director at the Massachusetts Institute of Technology, said Tesla’s gigacasting pullback reflects the company’s scramble last year to launch an all-new $25,000 car to catch up with Chinese EV makers who are already dominating the low-cost EV segment.</p><p>But pushing forward with an innovative production technique would do little to help sell a Tesla car to consumers, Womack said.</p><p>“It’s not very exciting from the standpoint of the public and buyer,” Womack said, “and you don’t know whether this is really a big cost-saver or not.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0823414478.USD":"法巴经典能源转换基金","BK4574":"无人驾驶","BK4555":"新能源车","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4527":"明星科技股","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4551":"寇图资本持仓","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4511":"特斯拉概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4099":"汽车制造商","LU1548497426.USD":"安联环球人工智能AT Acc","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","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4548":"巴美列捷福持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4592":"伊斯兰概念","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2063271972.USD":"富兰克林创新领域基金","BK4585":"ETF&股票定投概念","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","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","TSLA":"特斯拉","BK4534":"瑞士信贷持仓","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4588":"碎股","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2432504032","content_text":"AUSTIN, Texas, May 1 (Reuters) - Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition.Shares rose 2% in premarket trading.Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands of tons of clamping pressure to die-cast large sections of the car’s underbody. On a typical vehicle, the underbody can consist of hundreds of individual parts.Last year, as Tesla developed a new small-vehicle platform, it aimed to punch out the underbody in a single piece, Reuters exclusively reported last September, citing five sources familiar with the automaker’s gigacasting operations. The long-term goal was to radically simplify manufacturing and slash costs.But Tesla has since halted the effort, opting to stick with its more proven method of casting vehicle underbodies in three pieces: two gigacasted front and rear sections and a midsection made of aluminum and steel frames to store batteries, according to the two sources familiar with the matter. That is largely the same three-piece method the company has used for its last two new models, the Model Y crossover SUV and the Cybertruck pickup.Tesla’s retreat from one-piece gigacasting has not been previously reported. The automaker did not respond to a request for comment.The decision to hold off on the potential manufacturing breakthrough marks another example of Tesla slashing short-term spending as it adjusts to falling sales and profit margins, softening EV demand globally, and intensifying competition from rival EV makers such as China’s BYD. Tesla last month laid off more than 10% of its global workforce. A handful of senior executives have also resigned or been pushed out.Such moves also reflect a fundamental strategy shift, with Tesla now focusing more on developing self-driving vehicles than on pushing for huge growth in EV sales volume, which many investors had been counting on.The step-back on gigacasting occurred last autumn, the people said, before Tesla decided in late February to halt development of an all-new affordable car, often called the Model 2, which would have been the first vehicle it built with one-piece gigacasting. Reuters first reported the cancellation of the Model 2 on April 5.On April 23, as it released earnings that missed Wall Street expectations, Tesla said it had a simpler, faster plan for producing “more affordable” cars after shelving plans for the Model 2, which was expected to cost $25,000 and be released in the second half of 2025.Instead, Tesla officials said, it would produce affordable models using a current platform and production lines. On an investor call, Chief Executive Elon Musk declined to provide details on the planned new offerings or their target prices.Tesla has not entirely abandoned the small-vehicle platform it had planned for the Model 2. Instead, it will move forward in developing a self-driving robotaxi on the same platform, Reuters reported in the April 5 story. One of the two sources familiar with the automaker’s gigacasting operations said the suppliers involved are now adapting Tesla's three-piece process for the next-generation vehicle.Both sources said the automaker decided last autumn to halt work on the more innovative and difficult one-piece casting process. At the time, the rationale for the decision was to speed development of the now-defunct Model 2 and avoid any costly delays or manufacturing problems, the two sources said.BIG UPFRONT INVESTMENTTesla and Musk have said gigacasting helps the automaker reduce costs over the long term. But the process requires large initial investments and is difficult and time-consuming to perfect, automotive manufacturing experts say.Experts in vehicle manufacturing said Tesla’s more conservative path on gigacasting is no surprise and in part reflects the pains it has experienced historically in launching complex and innovative vehicles on time. The automaker’s highly experimental Cybertruck arrived last autumn at a far higher price than predicted after substantial delays to work through manufacturing issues. Tesla is still struggling to produce the angular, stainless-steel pickup in mass-market volumes.Holding off on one-piece gigacasting will save the company from making massive short-term capital investments in manufacturing and design, said Terry Woychowski, president of U.S. engineering company Caresoft Global, who has led teardowns and engineering analyses on numerous vehicles, including Teslas.“Would they rather have done it all in one big piece? Sure, they would’ve, but at what cost?” Woychowski asked.James Womack, a vehicle manufacturing expert and former research director at the Massachusetts Institute of Technology, said Tesla’s gigacasting pullback reflects the company’s scramble last year to launch an all-new $25,000 car to catch up with Chinese EV makers who are already dominating the low-cost EV segment.But pushing forward with an innovative production technique would do little to help sell a Tesla car to consumers, Womack said.“It’s not very exciting from the standpoint of the public and buyer,” Womack said, “and you don’t know whether this is really a big cost-saver or not.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":300752007008320,"gmtCreate":1714445306089,"gmtModify":1714445310154,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"You #fukReuters contributed to their losses with your fake news of cancellation of 25k car😏","listText":"You #fukReuters contributed to their losses with your fake news of cancellation of 25k car😏","text":"You #fukReuters contributed to their losses with your fake news of cancellation of 25k car😏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300752007008320","repostId":"2431819443","repostType":2,"repost":{"id":"2431819443","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1714443225,"share":"https://www.laohu8.com/m/news/2431819443?lang=&edition=full","pubTime":"2024-04-30 10:13","market":"us","language":"en","title":"Tesla Short Sellers Lose Nearly $5.5 Bln Over Four Days, S3 Partner Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2431819443","media":"Reuters","summary":"April 29 (Reuters) - Investors who bet against Tesla  stock have lost $5.5 billion in the four sessions since the electric car maker promised more affordable cars, according to data from S3 Partners. ","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9a35154c59c5a4f551651bb06833eb98\" alt=\"A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights\" title=\"A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights\" tg-width=\"5471\" tg-height=\"3648\"/><span>A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights</span></p><p>April 29 (Reuters) - Investors who bet against Tesla stock have lost $5.5 billion in the four sessions since the electric car maker promised more affordable cars, according to data from S3 Partners.</p><p>The stock has soared almost 40% since the April 24 announcement, including a 15% jump on Monday, when the automaker cleared some key regulatory hurdles that had long hindered the roll-out of its self-driving software in China.</p><p>Monday&#39;s surge cost the short sellers $2.93 billion and turned April unprofitable with losses of $2.11 billion, according to the analytics firm.</p><p>Still, with the company&#39;s shares down nearly 20% for 2024, profits booked by bearish Tesla investors stand at $4.10 billion for the year so far.</p><p>&#34;This has not been a short squeeze as we have actually seen short selling into this rally with over 2 million new shares shorted over the last week,&#34; said S3&#39;s head of predictive analytics Ihor Dusaniwsky.</p><p>A short squeeze happens when these investors are forced to quickly cover their bets to limit losses if a stock gains ground instead of falling.</p><p>Tesla is the third-largest U.S. short behind Nvidia and Microsoft , Dusaniwsky said, noting that $18.53 billion, or 3.97% of its publicly available shares, are in short position.</p><p>The Elon Musk-led company&#39;s plan to roll out cheaper models has eased some worries about its slowing growth and came after a tumultuous week marked by big layoffs, executive exits and price cuts.</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 Short Sellers Lose Nearly $5.5 Bln Over Four Days, S3 Partner Says</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; 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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 Short Sellers Lose Nearly $5.5 Bln Over Four Days, S3 Partner Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-04-30 10:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9a35154c59c5a4f551651bb06833eb98\" alt=\"A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights\" title=\"A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights\" tg-width=\"5471\" tg-height=\"3648\"/><span>A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights</span></p><p>April 29 (Reuters) - Investors who bet against Tesla stock have lost $5.5 billion in the four sessions since the electric car maker promised more affordable cars, according to data from S3 Partners.</p><p>The stock has soared almost 40% since the April 24 announcement, including a 15% jump on Monday, when the automaker cleared some key regulatory hurdles that had long hindered the roll-out of its self-driving software in China.</p><p>Monday&#39;s surge cost the short sellers $2.93 billion and turned April unprofitable with losses of $2.11 billion, according to the analytics firm.</p><p>Still, with the company&#39;s shares down nearly 20% for 2024, profits booked by bearish Tesla investors stand at $4.10 billion for the year so far.</p><p>&#34;This has not been a short squeeze as we have actually seen short selling into this rally with over 2 million new shares shorted over the last week,&#34; said S3&#39;s head of predictive analytics Ihor Dusaniwsky.</p><p>A short squeeze happens when these investors are forced to quickly cover their bets to limit losses if a stock gains ground instead of falling.</p><p>Tesla is the third-largest U.S. short behind Nvidia and Microsoft , Dusaniwsky said, noting that $18.53 billion, or 3.97% of its publicly available shares, are in short position.</p><p>The Elon Musk-led company&#39;s plan to roll out cheaper models has eased some worries about its slowing growth and came after a tumultuous week marked by big layoffs, executive exits and price cuts.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4588":"碎股","BK4550":"红杉资本持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","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","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4099":"汽车制造商","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4548":"巴美列捷福持仓","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","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","BK4527":"明星科技股","TSLA":"特斯拉","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","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","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4592":"伊斯兰概念","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","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)","BK4555":"新能源车","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","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","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2431819443","content_text":"A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing RightsApril 29 (Reuters) - Investors who bet against Tesla stock have lost $5.5 billion in the four sessions since the electric car maker promised more affordable cars, according to data from S3 Partners.The stock has soared almost 40% since the April 24 announcement, including a 15% jump on Monday, when the automaker cleared some key regulatory hurdles that had long hindered the roll-out of its self-driving software in China.Monday's surge cost the short sellers $2.93 billion and turned April unprofitable with losses of $2.11 billion, according to the analytics firm.Still, with the company's shares down nearly 20% for 2024, profits booked by bearish Tesla investors stand at $4.10 billion for the year so far.\"This has not been a short squeeze as we have actually seen short selling into this rally with over 2 million new shares shorted over the last week,\" said S3's head of predictive analytics Ihor Dusaniwsky.A short squeeze happens when these investors are forced to quickly cover their bets to limit losses if a stock gains ground instead of falling.Tesla is the third-largest U.S. short behind Nvidia and Microsoft , Dusaniwsky said, noting that $18.53 billion, or 3.97% of its publicly available shares, are in short position.The Elon Musk-led company's plan to roll out cheaper models has eased some worries about its slowing growth and came after a tumultuous week marked by big layoffs, executive exits and price cuts.","news_type":1},"isVote":1,"tweetType":1,"viewCount":47,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":300749522968648,"gmtCreate":1714444691116,"gmtModify":1714444694606,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Love it😍 may the short squeeze continue 🦾🥰","listText":"Love it😍 may the short squeeze continue 🦾🥰","text":"Love it😍 may the short squeeze continue 🦾🥰","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300749522968648","repostId":"2431819443","repostType":2,"repost":{"id":"2431819443","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1714443225,"share":"https://www.laohu8.com/m/news/2431819443?lang=&edition=full","pubTime":"2024-04-30 10:13","market":"us","language":"en","title":"Tesla Short Sellers Lose Nearly $5.5 Bln Over Four Days, S3 Partner Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2431819443","media":"Reuters","summary":"April 29 (Reuters) - Investors who bet against Tesla  stock have lost $5.5 billion in the four sessions since the electric car maker promised more affordable cars, according to data from S3 Partners. ","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9a35154c59c5a4f551651bb06833eb98\" alt=\"A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights\" title=\"A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights\" tg-width=\"5471\" tg-height=\"3648\"/><span>A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights</span></p><p>April 29 (Reuters) - Investors who bet against Tesla stock have lost $5.5 billion in the four sessions since the electric car maker promised more affordable cars, according to data from S3 Partners.</p><p>The stock has soared almost 40% since the April 24 announcement, including a 15% jump on Monday, when the automaker cleared some key regulatory hurdles that had long hindered the roll-out of its self-driving software in China.</p><p>Monday&#39;s surge cost the short sellers $2.93 billion and turned April unprofitable with losses of $2.11 billion, according to the analytics firm.</p><p>Still, with the company&#39;s shares down nearly 20% for 2024, profits booked by bearish Tesla investors stand at $4.10 billion for the year so far.</p><p>&#34;This has not been a short squeeze as we have actually seen short selling into this rally with over 2 million new shares shorted over the last week,&#34; said S3&#39;s head of predictive analytics Ihor Dusaniwsky.</p><p>A short squeeze happens when these investors are forced to quickly cover their bets to limit losses if a stock gains ground instead of falling.</p><p>Tesla is the third-largest U.S. short behind Nvidia and Microsoft , Dusaniwsky said, noting that $18.53 billion, or 3.97% of its publicly available shares, are in short position.</p><p>The Elon Musk-led company&#39;s plan to roll out cheaper models has eased some worries about its slowing growth and came after a tumultuous week marked by big layoffs, executive exits and price cuts.</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 Short Sellers Lose Nearly $5.5 Bln Over Four Days, S3 Partner Says</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; 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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 Short Sellers Lose Nearly $5.5 Bln Over Four Days, S3 Partner Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-04-30 10:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9a35154c59c5a4f551651bb06833eb98\" alt=\"A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights\" title=\"A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights\" tg-width=\"5471\" tg-height=\"3648\"/><span>A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights</span></p><p>April 29 (Reuters) - Investors who bet against Tesla stock have lost $5.5 billion in the four sessions since the electric car maker promised more affordable cars, according to data from S3 Partners.</p><p>The stock has soared almost 40% since the April 24 announcement, including a 15% jump on Monday, when the automaker cleared some key regulatory hurdles that had long hindered the roll-out of its self-driving software in China.</p><p>Monday&#39;s surge cost the short sellers $2.93 billion and turned April unprofitable with losses of $2.11 billion, according to the analytics firm.</p><p>Still, with the company&#39;s shares down nearly 20% for 2024, profits booked by bearish Tesla investors stand at $4.10 billion for the year so far.</p><p>&#34;This has not been a short squeeze as we have actually seen short selling into this rally with over 2 million new shares shorted over the last week,&#34; said S3&#39;s head of predictive analytics Ihor Dusaniwsky.</p><p>A short squeeze happens when these investors are forced to quickly cover their bets to limit losses if a stock gains ground instead of falling.</p><p>Tesla is the third-largest U.S. short behind Nvidia and Microsoft , Dusaniwsky said, noting that $18.53 billion, or 3.97% of its publicly available shares, are in short position.</p><p>The Elon Musk-led company&#39;s plan to roll out cheaper models has eased some worries about its slowing growth and came after a tumultuous week marked by big layoffs, executive exits and price cuts.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4588":"碎股","BK4550":"红杉资本持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","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","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4099":"汽车制造商","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4548":"巴美列捷福持仓","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","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","BK4527":"明星科技股","TSLA":"特斯拉","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","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","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4592":"伊斯兰概念","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","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)","BK4555":"新能源车","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","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","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2431819443","content_text":"A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing RightsApril 29 (Reuters) - Investors who bet against Tesla stock have lost $5.5 billion in the four sessions since the electric car maker promised more affordable cars, according to data from S3 Partners.The stock has soared almost 40% since the April 24 announcement, including a 15% jump on Monday, when the automaker cleared some key regulatory hurdles that had long hindered the roll-out of its self-driving software in China.Monday's surge cost the short sellers $2.93 billion and turned April unprofitable with losses of $2.11 billion, according to the analytics firm.Still, with the company's shares down nearly 20% for 2024, profits booked by bearish Tesla investors stand at $4.10 billion for the year so far.\"This has not been a short squeeze as we have actually seen short selling into this rally with over 2 million new shares shorted over the last week,\" said S3's head of predictive analytics Ihor Dusaniwsky.A short squeeze happens when these investors are forced to quickly cover their bets to limit losses if a stock gains ground instead of falling.Tesla is the third-largest U.S. short behind Nvidia and Microsoft , Dusaniwsky said, noting that $18.53 billion, or 3.97% of its publicly available shares, are in short position.The Elon Musk-led company's plan to roll out cheaper models has eased some worries about its slowing growth and came after a tumultuous week marked by big layoffs, executive exits and price cuts.","news_type":1},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":298764023525392,"gmtCreate":1713972351810,"gmtModify":1713972355240,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"FukReuters again","listText":"FukReuters again","text":"FukReuters again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/298764023525392","repostId":"2429452437","repostType":2,"repost":{"id":"2429452437","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1713971700,"share":"https://www.laohu8.com/m/news/2429452437?lang=&edition=full","pubTime":"2024-04-24 23:15","market":"us","language":"en","title":"Tesla Shareholder Seeks to Block Musk From Litigating Pay Outside of Delaware","url":"https://stock-news.laohu8.com/highlight/detail?id=2429452437","media":"Reuters","summary":"WILMINGTON, Delaware, April 24  - A Tesla investor who successfully sued to void Musk's $56 billion pay package has asked a Delaware judge to keep the lawsuit in the state, after the company asked shareholders to approve moving the electric vehicle maker's legal home to Texas.Richard Tornetta's legal team on Wednesday asked the Delaware judge who voided Musk's pay to rule on his request before the June 13 shareholder meeting.Tesla investors at the meeting will vote on moving the company's legal ","content":"<html><head></head><body><p>WILMINGTON, Delaware, April 24 (Reuters) - A Tesla investor who successfully sued to void Musk&#39;s $56 billion pay package has asked a Delaware judge to keep the lawsuit in the state, after the company asked shareholders to approve moving the electric vehicle maker&#39;s legal home to Texas.</p><p>Richard Tornetta&#39;s legal team on Wednesday asked the Delaware judge who voided Musk&#39;s pay to rule on his request before the June 13 shareholder meeting.</p><p>Tesla investors at the meeting will vote on moving the company&#39;s legal home out of Delaware and on approving Musk&#39;s 2018 pay package.</p><p>In January, a Delaware Court of Chancery judge voided the pay package, which Tesla estimated is worth up to $56 billion, calling it &#34;unfathomable.&#34;</p><p>Musk has criticized Delaware and its courts following the ruling and has said the state, which is home to a majority of large publicly traded corporations, is trying to prevent companies from leaving.</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 Shareholder Seeks to Block Musk From Litigating Pay Outside of Delaware</title>\n<style 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}\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 Shareholder Seeks to Block Musk From Litigating Pay Outside of Delaware\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-04-24 23:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>WILMINGTON, Delaware, April 24 (Reuters) - A Tesla investor who successfully sued to void Musk&#39;s $56 billion pay package has asked a Delaware judge to keep the lawsuit in the state, after the company asked shareholders to approve moving the electric vehicle maker&#39;s legal home to Texas.</p><p>Richard Tornetta&#39;s legal team on Wednesday asked the Delaware judge who voided Musk&#39;s pay to rule on his request before the June 13 shareholder meeting.</p><p>Tesla investors at the meeting will vote on moving the company&#39;s legal home out of Delaware and on approving Musk&#39;s 2018 pay package.</p><p>In January, a Delaware Court of Chancery judge voided the pay package, which Tesla estimated is worth up to $56 billion, calling it &#34;unfathomable.&#34;</p><p>Musk has criticized Delaware and its courts following the ruling and has said the state, which is home to a majority of large publicly traded corporations, is trying to prevent companies from leaving.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4534":"瑞士信贷持仓","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2063271972.USD":"富兰克林创新领域基金","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4527":"明星科技股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","BK4550":"红杉资本持仓","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 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Delaware judge who voided Musk's pay to rule on his request before the June 13 shareholder meeting.Tesla investors at the meeting will vote on moving the company's legal home out of Delaware and on approving Musk's 2018 pay package.In January, a Delaware Court of Chancery judge voided the pay package, which Tesla estimated is worth up to $56 billion, calling it \"unfathomable.\"Musk has criticized Delaware and its courts following the ruling and has said the state, which is home to a majority of large publicly traded corporations, is trying to prevent companies from leaving.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":298502814892168,"gmtCreate":1713909169069,"gmtModify":1713909310511,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Fuk Reuters!","listText":"Fuk Reuters!","text":"Fuk Reuters!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/298502814892168","repostId":"1101803932","repostType":2,"repost":{"id":"1101803932","pubTimestamp":1713909028,"share":"https://www.laohu8.com/m/news/1101803932?lang=&edition=full","pubTime":"2024-04-24 05:50","market":"us","language":"en","title":"Tesla Shares Rise 13% on Pledge to Launch Cheaper Cars by 2025 After Sales Miss","url":"https://stock-news.laohu8.com/highlight/detail?id=1101803932","media":"Bloomberg","summary":"Tesla Inc. is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.The electric-vehicle maker plans to start production on the cheaper c","content":"<html><head></head><body><p>【<a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata=%7B%22liveId%22:%221796727569642548%22,%22type%22:1%7D\" title=\"Tesla 2024Q1 Earnings Conference Call\" target=\"_blank\" class=\"\">Tesla 2024Q1 Earnings Conference Call</a>】</p><ul style=\"\"><li><p>Company plans to start making new models before end of 2025</p></li><li><p>EV maker’s first quarter profit, revenue undershoot estimates</p></li></ul><p>Tesla Inc. is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.</p><p>The electric-vehicle maker plans to release the cheaper cars by the end of this year or in early next, well ahead of the late-2025 timing it had previously pledged. The Elon Musk-led company has been coping with a sales slump as EV demand falters.</p><p>Tesla’s shares rose more than 13% after regular trading in New York. The stock tumbled 42% this year through Tuesday’s close, the worst performance in the S&amp;P 500 Index.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f0f7713f0c39a90c610dec386f12fabb\" tg-width=\"781\" tg-height=\"624\"/></p><p style=\"text-align: start;\">“We’ve updated our future vehicle line-up to accelerate the launch of new models ahead of the previously mentioned start of production in the second half of 2025. So we expect it to be more like early 2025, if not late this year,” Musk said on a call with analysts.</p><p style=\"text-align: start;\">The decision to speed up the debut of cheaper models was welcomed by investors and overshadowed what was otherwise an ugly quarter for the EV market leader. It missed Wall Street’s estimates for earnings, sales and margins, while warning of slow growth throughout the year.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/95ff8ccc4fef250d1aa9d762f500981e\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><p style=\"text-align: start;\">The CEO also took a dig at rivals like General Motors Co. and Ford Motor Co., which have paced EV production and moved to reboot their offerings of gas-electric hybrids.</p><p style=\"text-align: start;\">“The EV adoption rate globally is under pressure and a lot of other auto manufactures are pulling back on EVs and pursuing plug-in hybrids instead. We believe this is not the right strategy,” he said.</p><p style=\"text-align: start;\">Tesla’s own strategy has been muddled for much of 2024. It’s spent the last year slashing prices across its lineup in an effort to boost sales volume, only to find demand for its vehicles slowed.</p><p style=\"text-align: start;\">Adding to the company’s woes has been Musk’s abrupt decision to go “balls to the wall” on a dedicated robotaxi for which the company lacks regulatory approval and possibly the technological capability. Investors had expected the company to instead focus on a new, $25,000 model that Musk had promised to go into production before the end of next year.</p><p style=\"text-align: start;\">It wasn’t immediately clear if Tesla’s “more affordable models” pledge was a reference to the long-discussed low-cost car, sometimes dubbed the Model 2. Many investors see that as way to help generate new enthusiasm around its lineup and draw new customers.</p><p style=\"text-align: start;\">“I think we have said all that we will on that front,” Musk said when asked about the affordable models.</p><p>Tesla gave no timeline, but said it’s continuing to pursue a new module-based “unboxed” manufacturing process for its promised robotaxi model. In a reflection of leaner times, Tesla noted those new models will be built on existing manufacturing lines at current factories to maximize capacity and grow “prudently.”</p><p style=\"text-align: start;\">The carmaker remains the dominant EV maker in the US market, but its earnings have been under pressure for several quarters. Tesla’s automotive gross margin — a key measure of profitability — was 16.4% in the first quarter, smaller than the 17.6% Wall Street expected. That’s far from the 30% peak margin it reported at the start of 2022.</p><p>Tesla’s adjusted earnings per share came to 45 cents in the first three months of the year, compared with Wall Street’s expectation of 52 cents a share. Revenue fell 9% to $21.3 billion, according to a statement Tuesday, in line with its first year-over-year drop in deliveries since 2020. That was still short of the $22.3 billion analysts expected.</p><p style=\"text-align: start;\">Meanwhile, Tesla’s global vehicle inventory rose to 28 days, a huge increase from the 15 days at the end of the last quarter. The metric captures how long it takes for a car company to move vehicles off its lots. Tesla sells its cars direct to consumers, and doesn’t have a dealer network.</p><p style=\"text-align: start;\">Tesla isn’t alone in feeling the pinch from a lot of supply chasing waning demand. Average industrywide new vehicle inventories in the US rose to 72 days’ supply at the start of April, according to Cox Automotive. Tesla’s Chief Financial Officer Vaibhav Taneja told investors on the call that the growth in inventories is a temporary setback.</p><p style=\"text-align: start;\">“We expect the inventory build to reverse in the second quarter and free cash flow to return to positive” territory, Taneja said.</p><p style=\"text-align: start;\">The Austin-based EV maker kept its near-term growth expectations in check, saying deliveries may be lower than last year. “In 2024, our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next generation vehicle and other products,” it said.</p><p style=\"text-align: start;\">Earlier this month, Tesla initiated its largest-ever round of layoffs, cutting more than 10% of positions — though Bloomberg has reported the company may ultimately let go some 20% of its staff. At the same time, two senior executives quit, raising questions about who is in charge of key initiatives. Another executive, Tesla’s head of investor relations, Martin Viecha, said on Tuesday’s call he was resigning.</p></body></html>","source":"lsy1584095487587","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 Rise 13% on Pledge to Launch Cheaper Cars by 2025 After Sales Miss</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 Rise 13% on Pledge to Launch Cheaper Cars by 2025 After Sales Miss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 05:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-23/tesla-tsla-stumbles-again-as-profit-sales-fall-short-of-estimates?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>【Tesla 2024Q1 Earnings Conference Call】Company plans to start making new models before end of 2025EV maker’s first quarter profit, revenue undershoot estimatesTesla Inc. is accelerating the launch of ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-23/tesla-tsla-stumbles-again-as-profit-sales-fall-short-of-estimates?srnd=homepage-asia\">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.bloomberg.com/news/articles/2024-04-23/tesla-tsla-stumbles-again-as-profit-sales-fall-short-of-estimates?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101803932","content_text":"【Tesla 2024Q1 Earnings Conference Call】Company plans to start making new models before end of 2025EV maker’s first quarter profit, revenue undershoot estimatesTesla Inc. is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.The electric-vehicle maker plans to release the cheaper cars by the end of this year or in early next, well ahead of the late-2025 timing it had previously pledged. The Elon Musk-led company has been coping with a sales slump as EV demand falters.Tesla’s shares rose more than 13% after regular trading in New York. The stock tumbled 42% this year through Tuesday’s close, the worst performance in the S&P 500 Index.“We’ve updated our future vehicle line-up to accelerate the launch of new models ahead of the previously mentioned start of production in the second half of 2025. So we expect it to be more like early 2025, if not late this year,” Musk said on a call with analysts.The decision to speed up the debut of cheaper models was welcomed by investors and overshadowed what was otherwise an ugly quarter for the EV market leader. It missed Wall Street’s estimates for earnings, sales and margins, while warning of slow growth throughout the year.The CEO also took a dig at rivals like General Motors Co. and Ford Motor Co., which have paced EV production and moved to reboot their offerings of gas-electric hybrids.“The EV adoption rate globally is under pressure and a lot of other auto manufactures are pulling back on EVs and pursuing plug-in hybrids instead. We believe this is not the right strategy,” he said.Tesla’s own strategy has been muddled for much of 2024. It’s spent the last year slashing prices across its lineup in an effort to boost sales volume, only to find demand for its vehicles slowed.Adding to the company’s woes has been Musk’s abrupt decision to go “balls to the wall” on a dedicated robotaxi for which the company lacks regulatory approval and possibly the technological capability. Investors had expected the company to instead focus on a new, $25,000 model that Musk had promised to go into production before the end of next year.It wasn’t immediately clear if Tesla’s “more affordable models” pledge was a reference to the long-discussed low-cost car, sometimes dubbed the Model 2. Many investors see that as way to help generate new enthusiasm around its lineup and draw new customers.“I think we have said all that we will on that front,” Musk said when asked about the affordable models.Tesla gave no timeline, but said it’s continuing to pursue a new module-based “unboxed” manufacturing process for its promised robotaxi model. In a reflection of leaner times, Tesla noted those new models will be built on existing manufacturing lines at current factories to maximize capacity and grow “prudently.”The carmaker remains the dominant EV maker in the US market, but its earnings have been under pressure for several quarters. Tesla’s automotive gross margin — a key measure of profitability — was 16.4% in the first quarter, smaller than the 17.6% Wall Street expected. That’s far from the 30% peak margin it reported at the start of 2022.Tesla’s adjusted earnings per share came to 45 cents in the first three months of the year, compared with Wall Street’s expectation of 52 cents a share. Revenue fell 9% to $21.3 billion, according to a statement Tuesday, in line with its first year-over-year drop in deliveries since 2020. That was still short of the $22.3 billion analysts expected.Meanwhile, Tesla’s global vehicle inventory rose to 28 days, a huge increase from the 15 days at the end of the last quarter. The metric captures how long it takes for a car company to move vehicles off its lots. Tesla sells its cars direct to consumers, and doesn’t have a dealer network.Tesla isn’t alone in feeling the pinch from a lot of supply chasing waning demand. Average industrywide new vehicle inventories in the US rose to 72 days’ supply at the start of April, according to Cox Automotive. Tesla’s Chief Financial Officer Vaibhav Taneja told investors on the call that the growth in inventories is a temporary setback.“We expect the inventory build to reverse in the second quarter and free cash flow to return to positive” territory, Taneja said.The Austin-based EV maker kept its near-term growth expectations in check, saying deliveries may be lower than last year. “In 2024, our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next generation vehicle and other products,” it said.Earlier this month, Tesla initiated its largest-ever round of layoffs, cutting more than 10% of positions — though Bloomberg has reported the company may ultimately let go some 20% of its staff. At the same time, two senior executives quit, raising questions about who is in charge of key initiatives. Another executive, Tesla’s head of investor relations, Martin Viecha, said on Tuesday’s call he was resigning.","news_type":1},"isVote":1,"tweetType":1,"viewCount":19,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":293459010961640,"gmtCreate":1712664869695,"gmtModify":1712668054646,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Tesla will not entertain shit media to comment on its lies","listText":"Tesla will not entertain shit media to comment on its lies","text":"Tesla will not entertain shit media to comment on its lies","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293459010961640","repostId":"2426130625","repostType":2,"repost":{"id":"2426130625","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1712663430,"share":"https://www.laohu8.com/m/news/2426130625?lang=&edition=full","pubTime":"2024-04-09 19:50","market":"us","language":"en","title":"Former Tesla CEO Says It Is a \"Shame\" Company Is Cancelling Low-Cost Car Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=2426130625","media":"Reuters","summary":"(Reuters) -A Tesla founder and former chief executive said on Tuesday it was a \"shame\" to hear that the automaker was scrapping its low-cost car plans amid fierce competition in China.Martin Eberhard ","content":"<html><head></head><body><p>(Reuters) -A Tesla founder and former chief executive said on Tuesday it was a &#34;shame&#34; to hear that the automaker was scrapping its low-cost car plans amid fierce competition in China.</p><p>Martin Eberhard was speaking at the HSBC Global Investment Summit in Hong Kong. On Friday, Reuters reported that Tesla was cancelling its long-promised inexpensive car that investors had been counting on to drive growth.</p><p>The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first &#34;master plan&#34; for the company in 2006 called for manufacturing luxury models first, then using the profit to finance a &#34;low cost family car&#34;.</p><p>&#34;We&#39;ve both read in the news, Tesla delaying or eliminating their low-end Model 2 programme, which is a shame for them, but it&#39;s a sign that China has a chance to really spread there,&#34; Eberhard said.</p><p>Tesla&#39;s cheapest current car, the Model 3 sedan, retails for about $39,000 in the United States. The now-cancelled entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.</p><p>Three sources told Reuters that while Tesla had scrapped plans for its inexpensive car, it would continue to develop self-driving robotaxis on the same small-vehicle platform.</p><p>Tesla did not immediately respond to a request for comment.</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>Former Tesla CEO Says It Is a \"Shame\" Company Is Cancelling Low-Cost Car Plans</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\">\nFormer Tesla CEO Says It Is a \"Shame\" Company Is Cancelling Low-Cost Car Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-04-09 19:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) -A Tesla founder and former chief executive said on Tuesday it was a &#34;shame&#34; to hear that the automaker was scrapping its low-cost car plans amid fierce competition in China.</p><p>Martin Eberhard was speaking at the HSBC Global Investment Summit in Hong Kong. On Friday, Reuters reported that Tesla was cancelling its long-promised inexpensive car that investors had been counting on to drive growth.</p><p>The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first &#34;master plan&#34; for the company in 2006 called for manufacturing luxury models first, then using the profit to finance a &#34;low cost family car&#34;.</p><p>&#34;We&#39;ve both read in the news, Tesla delaying or eliminating their low-end Model 2 programme, which is a shame for them, but it&#39;s a sign that China has a chance to really spread there,&#34; Eberhard said.</p><p>Tesla&#39;s cheapest current car, the Model 3 sedan, retails for about $39,000 in the United States. The now-cancelled entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.</p><p>Three sources told Reuters that while Tesla had scrapped plans for its inexpensive car, it would continue to develop self-driving robotaxis on the same small-vehicle platform.</p><p>Tesla did not immediately respond to a request for comment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","TSLL":"Direxion Daily TSLA Bull 2X Shares"},"source_url":"https://finance.yahoo.com/news/former-tesla-ceo-eberhard-says-063620713.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2426130625","content_text":"(Reuters) -A Tesla founder and former chief executive said on Tuesday it was a \"shame\" to hear that the automaker was scrapping its low-cost car plans amid fierce competition in China.Martin Eberhard was speaking at the HSBC Global Investment Summit in Hong Kong. On Friday, Reuters reported that Tesla was cancelling its long-promised inexpensive car that investors had been counting on to drive growth.The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first \"master plan\" for the company in 2006 called for manufacturing luxury models first, then using the profit to finance a \"low cost family car\".\"We've both read in the news, Tesla delaying or eliminating their low-end Model 2 programme, which is a shame for them, but it's a sign that China has a chance to really spread there,\" Eberhard said.Tesla's cheapest current car, the Model 3 sedan, retails for about $39,000 in the United States. The now-cancelled entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.Three sources told Reuters that while Tesla had scrapped plans for its inexpensive car, it would continue to develop self-driving robotaxis on the same small-vehicle platform.Tesla did not immediately respond to a request for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":293458359156944,"gmtCreate":1712664709686,"gmtModify":1712668052911,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Bloody FUD media, quoting a former bitter ceo to push its anti Tesla agenda🤬","listText":"Bloody FUD media, quoting a former bitter ceo to push its anti Tesla agenda🤬","text":"Bloody FUD media, quoting a former bitter ceo to push its anti Tesla agenda🤬","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293458359156944","repostId":"2426130625","repostType":2,"repost":{"id":"2426130625","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1712663430,"share":"https://www.laohu8.com/m/news/2426130625?lang=&edition=full","pubTime":"2024-04-09 19:50","market":"us","language":"en","title":"Former Tesla CEO Says It Is a \"Shame\" Company Is Cancelling Low-Cost Car Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=2426130625","media":"Reuters","summary":"(Reuters) -A Tesla founder and former chief executive said on Tuesday it was a \"shame\" to hear that the automaker was scrapping its low-cost car plans amid fierce competition in China.Martin Eberhard ","content":"<html><head></head><body><p>(Reuters) -A Tesla founder and former chief executive said on Tuesday it was a &#34;shame&#34; to hear that the automaker was scrapping its low-cost car plans amid fierce competition in China.</p><p>Martin Eberhard was speaking at the HSBC Global Investment Summit in Hong Kong. On Friday, Reuters reported that Tesla was cancelling its long-promised inexpensive car that investors had been counting on to drive growth.</p><p>The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first &#34;master plan&#34; for the company in 2006 called for manufacturing luxury models first, then using the profit to finance a &#34;low cost family car&#34;.</p><p>&#34;We&#39;ve both read in the news, Tesla delaying or eliminating their low-end Model 2 programme, which is a shame for them, but it&#39;s a sign that China has a chance to really spread there,&#34; Eberhard said.</p><p>Tesla&#39;s cheapest current car, the Model 3 sedan, retails for about $39,000 in the United States. The now-cancelled entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.</p><p>Three sources told Reuters that while Tesla had scrapped plans for its inexpensive car, it would continue to develop self-driving robotaxis on the same small-vehicle platform.</p><p>Tesla did not immediately respond to a request for comment.</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>Former Tesla CEO Says It Is a \"Shame\" Company Is Cancelling Low-Cost Car Plans</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\">\nFormer Tesla CEO Says It Is a \"Shame\" Company Is Cancelling Low-Cost Car Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-04-09 19:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) -A Tesla founder and former chief executive said on Tuesday it was a &#34;shame&#34; to hear that the automaker was scrapping its low-cost car plans amid fierce competition in China.</p><p>Martin Eberhard was speaking at the HSBC Global Investment Summit in Hong Kong. On Friday, Reuters reported that Tesla was cancelling its long-promised inexpensive car that investors had been counting on to drive growth.</p><p>The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first &#34;master plan&#34; for the company in 2006 called for manufacturing luxury models first, then using the profit to finance a &#34;low cost family car&#34;.</p><p>&#34;We&#39;ve both read in the news, Tesla delaying or eliminating their low-end Model 2 programme, which is a shame for them, but it&#39;s a sign that China has a chance to really spread there,&#34; Eberhard said.</p><p>Tesla&#39;s cheapest current car, the Model 3 sedan, retails for about $39,000 in the United States. The now-cancelled entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.</p><p>Three sources told Reuters that while Tesla had scrapped plans for its inexpensive car, it would continue to develop self-driving robotaxis on the same small-vehicle platform.</p><p>Tesla did not immediately respond to a request for comment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","TSLL":"Direxion Daily TSLA Bull 2X Shares"},"source_url":"https://finance.yahoo.com/news/former-tesla-ceo-eberhard-says-063620713.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2426130625","content_text":"(Reuters) -A Tesla founder and former chief executive said on Tuesday it was a \"shame\" to hear that the automaker was scrapping its low-cost car plans amid fierce competition in China.Martin Eberhard was speaking at the HSBC Global Investment Summit in Hong Kong. On Friday, Reuters reported that Tesla was cancelling its long-promised inexpensive car that investors had been counting on to drive growth.The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first \"master plan\" for the company in 2006 called for manufacturing luxury models first, then using the profit to finance a \"low cost family car\".\"We've both read in the news, Tesla delaying or eliminating their low-end Model 2 programme, which is a shame for them, but it's a sign that China has a chance to really spread there,\" Eberhard said.Tesla's cheapest current car, the Model 3 sedan, retails for about $39,000 in the United States. The now-cancelled entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.Three sources told Reuters that while Tesla had scrapped plans for its inexpensive car, it would continue to develop self-driving robotaxis on the same small-vehicle platform.Tesla did not immediately respond to a request for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":292071755817080,"gmtCreate":1712332497008,"gmtModify":1712332608669,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"https://x.com/elonmusk/status/1776275139010904525?s=46 Reuters is dying, hence it has been lying","listText":"https://x.com/elonmusk/status/1776275139010904525?s=46 Reuters is dying, hence it has been lying","text":"https://x.com/elonmusk/status/1776275139010904525?s=46 Reuters is dying, hence it has been lying","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/292071755817080","repostId":"2425593562","repostType":2,"repost":{"id":"2425593562","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1712330022,"share":"https://www.laohu8.com/m/news/2425593562?lang=&edition=full","pubTime":"2024-04-05 23:13","market":"us","language":"en","title":"Tesla Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition","url":"https://stock-news.laohu8.com/highlight/detail?id=2425593562","media":"Reuters","summary":"Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.  The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses.  As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.","content":"<html><head></head><body><p>(Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.</p><p>Tesla stock fell 4.53% in late morning trading on the news.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8aba5245d63b2cba703d631470a3ce6e\" tg-width=\"778\" tg-height=\"625\"/></p><p>The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.</p><p>The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”</p><p>He has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.</p><p>Tesla’s cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.</p><p>Tesla did not respond to requests for comment.</p><p>The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. The plan for driverless robotaxis, which could take longer to deliver, presents a stiffer engineering challenge and more regulatory risk.</p><p>Two sources said they learned of Tesla&#39;s decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.</p><p>“Elon’s directive is to go all in on robotaxi,” that person said.</p><p>The third source confirmed the cancellation and said new plans call for robotaxis to be produced, but in much lower volumes than had been projected for the Model 2.</p><p>Several company messages reviewed by Reuters about the decision included one on March 1 from an unnamed program manager for the affordable car discussing the project’s demise with engineering staff and advising them to hold off on telling suppliers “about program cancellation.”</p><p>A fourth person with knowledge of Tesla’s plans expressed optimism about the decision to pivot away from the cheap-car strategy in favor of robotaxis, a segment Musk has envisioned as the future of mobility. The source cautioned that Tesla’s product plans could change again based on economic conditions.</p><p>Squeezing profits from entry-level vehicles is a challenge for any automaker. But Tesla’s delay in pursuing the car Musk once called his dream made it much tougher because it now faces far more competition in that price range.</p><p>While Tesla spent years developing its highly experimental Cybertruck, a pricey electric pickup, Chinese automakers have raced ahead on affordable EVs, grabbing market share, gaining economies of scale and offering consumers bargain prices that Western automakers are struggling to match.</p><p>As Chinese EVs surged to challenge Tesla’s dominance, Musk was tending to his sprawling empire, which includes rocket-maker SpaceX, brain-chip developer Neuralink, and social media giant X, which Musk acquired in 2022. Formerly called Twitter, the platform has foundered under Musk’s volatile management, shedding most of its value as the company has lost revenue and advertisers.</p><p>Plans for the affordable Tesla have been seen as key to delivering on Musk’s stratospheric ambitions for sales growth. Musk said in 2020 that Tesla aspired by 2030 to sell 20 million vehicles – twice as many as the world’s largest automaker, Toyota, sells today. With the death of the Model 2, it’s unclear how he’ll get there.</p><p>Expectations for a $25,000 vehicle have underpinned Wall Street analysts’ more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.</p><p>Musk has wavered on the project before. In a biography of the entrepreneur released last year, author Walter Issacson reported that Musk in 2022 “put a hold on” the entry-level EV plans, reasoning that a Tesla robotaxi would make the car irrelevant. Musk’s advisors urged him to stay the course, the book said.</p><p>‘HALT ALL FURTHER ACTIVITIES’</p><p>Tesla called the affordable-car project NV91 internally and H422 externally when discussing it with suppliers, according to two of the sources and company messages reviewed by Reuters.</p><p>Messages from the unnamed Tesla program manager to staffers referenced those code names in discussing the project’s termination. One of those messages sent March 1 said that “suppliers should halt all further activities related to H422/NV91.”</p><p>The sources said they did not know all the reasons behind the decision to kill the project.</p><p>In another March 1 message, the manager thanked engineering staffers for their efforts and urged them to document what they had learned.</p><p>“I’d like to thank everyone for all your hard work and dedication to pushing boundaries and executing the best design possible given the aggressive constraints we had to work within,” the message said. “We would not want all our hard work to go to waste, so it’s important that we tie things off and document things properly.”</p><p>The messages showed meetings on the affordable-car project being canceled. The two sources said some engineers have been reassigned.</p><p>Tesla’s timeline and business model for robotaxis remain unclear. Musk has publicly predicted a future of mobility in which driverless taxis could eventually become a more common mode of transport than human-driven cars. He has said Tesla, the world’s most valuable automaker, would be &#34;worth basically zero&#34; without achieving full self-driving capability.</p><p>Currently, self-driving cars have only been approved by U.S. and Chinese regulators for tightly limited, experimental use on public roads.</p><p>Tesla has yet to prove it can produce an autonomous car despite years of predictions by Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation. The automaker faces lawsuits and investigations into crashes involving its Autopilot and Full Self-Driving driver-assistance systems, which are not fully autonomous. Tesla has blamed the accidents on inattentive drivers.</p><p>Tesla&#39;s Autopilot woes are among a number of problems that have drawn scrutiny. The automaker faces another investigation into the driving-range estimates of its cars, launched after Reuters reported last year that Tesla had rigged the in-dash range meters in its vehicles to give rosy projections. Reuters reported in December that the automaker blamed “driver abuse” for chronic failures of suspension and steering parts it long knew were defective.</p><p>Tesla&#39;s image as a climate-friendly innovator has also suffered with Musk’s tilt toward right-wing politics and polarizing public statements, which have turned away some prospective Tesla buyers, according to surveys and experts.</p><p>The automaker reported an 8% year-over-year drop in deliveries on Tuesday, just after its chief Chinese competitor, BYD, reported a 13% gain. Tesla shares dropped 5% on the news, deepening a slide of more than 40% since last July, amounting to a loss of about $400 billion in market value.</p><p>Still, Tesla’s market capitalization of $545 billion is higher than the combined worth of the next three most valuable carmakers, Toyota, Porsche and Mercedes-Benz. Tesla’s stock value has long been based on future expectations for mass-market sales and driverless cars rather than its current sales and profits.</p><p>RUNNING LATE</p><p>The affordable-car project’s cancellation comes as Tesla and other established automakers have been rocked by slowing EV demand growth in the United States and Europe, and cut-throat competition in China.</p><p>If Tesla had moved forward with the low-cost car, it wouldn’t have arrived on the market until the latter half of 2025, by the company’s estimate. But the entry-level EV segment is already crowded with compelling models from BYD and many other Chinese brands.</p><p>Tesla is late to the segment in part because of a pivotal decision by Musk. In 2020, after releasing its hit crossover, the Model Y, Tesla focused on the highly experimental Cybertruck instead of an affordable car.</p><p>Musk unveiled a prototype of the angular, stainless steel-clad truck in 2019 and predicted a starting price of about $40,000. The vehicle finally arrived last year as a 2024 model. The two versions available now start at about $80,000 and $100,000. Tesla says a lower-end Cybertruck costing about $61,000 won&#39;t be ready for delivery until 2025.</p><p>The company has also struggled to work through manufacturing problems, particularly with the truck&#39;s pioneering battery technology. Musk hopes to sell the vehicle in high volumes but warned investors last fall about &#34;enormous challenges&#34; ramping up production and making the vehicle profitable.</p><p>&#34;We dug our own grave with the Cybertruck,&#34; he said.</p><p>During the same period, BYD has seen its electric-vehicle sales soar in China, growing from about 130,000 to more than 1.5 million, not including its thriving business in plug-in hybrids or its fast-growing exports.</p><p>BYD already offers a slew of low- and mid-range models, including its Seagull hatchback for less than $10,000. The Chinese automaker now plans to export that car for more than double that price - but still lower than the target for the cheap car Tesla had planned to build.</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 Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition</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 Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-04-05 23:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.</p><p>Tesla stock fell 4.53% in late morning trading on the news.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8aba5245d63b2cba703d631470a3ce6e\" tg-width=\"778\" tg-height=\"625\"/></p><p>The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.</p><p>The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”</p><p>He has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.</p><p>Tesla’s cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.</p><p>Tesla did not respond to requests for comment.</p><p>The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. The plan for driverless robotaxis, which could take longer to deliver, presents a stiffer engineering challenge and more regulatory risk.</p><p>Two sources said they learned of Tesla&#39;s decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.</p><p>“Elon’s directive is to go all in on robotaxi,” that person said.</p><p>The third source confirmed the cancellation and said new plans call for robotaxis to be produced, but in much lower volumes than had been projected for the Model 2.</p><p>Several company messages reviewed by Reuters about the decision included one on March 1 from an unnamed program manager for the affordable car discussing the project’s demise with engineering staff and advising them to hold off on telling suppliers “about program cancellation.”</p><p>A fourth person with knowledge of Tesla’s plans expressed optimism about the decision to pivot away from the cheap-car strategy in favor of robotaxis, a segment Musk has envisioned as the future of mobility. The source cautioned that Tesla’s product plans could change again based on economic conditions.</p><p>Squeezing profits from entry-level vehicles is a challenge for any automaker. But Tesla’s delay in pursuing the car Musk once called his dream made it much tougher because it now faces far more competition in that price range.</p><p>While Tesla spent years developing its highly experimental Cybertruck, a pricey electric pickup, Chinese automakers have raced ahead on affordable EVs, grabbing market share, gaining economies of scale and offering consumers bargain prices that Western automakers are struggling to match.</p><p>As Chinese EVs surged to challenge Tesla’s dominance, Musk was tending to his sprawling empire, which includes rocket-maker SpaceX, brain-chip developer Neuralink, and social media giant X, which Musk acquired in 2022. Formerly called Twitter, the platform has foundered under Musk’s volatile management, shedding most of its value as the company has lost revenue and advertisers.</p><p>Plans for the affordable Tesla have been seen as key to delivering on Musk’s stratospheric ambitions for sales growth. Musk said in 2020 that Tesla aspired by 2030 to sell 20 million vehicles – twice as many as the world’s largest automaker, Toyota, sells today. With the death of the Model 2, it’s unclear how he’ll get there.</p><p>Expectations for a $25,000 vehicle have underpinned Wall Street analysts’ more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.</p><p>Musk has wavered on the project before. In a biography of the entrepreneur released last year, author Walter Issacson reported that Musk in 2022 “put a hold on” the entry-level EV plans, reasoning that a Tesla robotaxi would make the car irrelevant. Musk’s advisors urged him to stay the course, the book said.</p><p>‘HALT ALL FURTHER ACTIVITIES’</p><p>Tesla called the affordable-car project NV91 internally and H422 externally when discussing it with suppliers, according to two of the sources and company messages reviewed by Reuters.</p><p>Messages from the unnamed Tesla program manager to staffers referenced those code names in discussing the project’s termination. One of those messages sent March 1 said that “suppliers should halt all further activities related to H422/NV91.”</p><p>The sources said they did not know all the reasons behind the decision to kill the project.</p><p>In another March 1 message, the manager thanked engineering staffers for their efforts and urged them to document what they had learned.</p><p>“I’d like to thank everyone for all your hard work and dedication to pushing boundaries and executing the best design possible given the aggressive constraints we had to work within,” the message said. “We would not want all our hard work to go to waste, so it’s important that we tie things off and document things properly.”</p><p>The messages showed meetings on the affordable-car project being canceled. The two sources said some engineers have been reassigned.</p><p>Tesla’s timeline and business model for robotaxis remain unclear. Musk has publicly predicted a future of mobility in which driverless taxis could eventually become a more common mode of transport than human-driven cars. He has said Tesla, the world’s most valuable automaker, would be &#34;worth basically zero&#34; without achieving full self-driving capability.</p><p>Currently, self-driving cars have only been approved by U.S. and Chinese regulators for tightly limited, experimental use on public roads.</p><p>Tesla has yet to prove it can produce an autonomous car despite years of predictions by Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation. The automaker faces lawsuits and investigations into crashes involving its Autopilot and Full Self-Driving driver-assistance systems, which are not fully autonomous. Tesla has blamed the accidents on inattentive drivers.</p><p>Tesla&#39;s Autopilot woes are among a number of problems that have drawn scrutiny. The automaker faces another investigation into the driving-range estimates of its cars, launched after Reuters reported last year that Tesla had rigged the in-dash range meters in its vehicles to give rosy projections. Reuters reported in December that the automaker blamed “driver abuse” for chronic failures of suspension and steering parts it long knew were defective.</p><p>Tesla&#39;s image as a climate-friendly innovator has also suffered with Musk’s tilt toward right-wing politics and polarizing public statements, which have turned away some prospective Tesla buyers, according to surveys and experts.</p><p>The automaker reported an 8% year-over-year drop in deliveries on Tuesday, just after its chief Chinese competitor, BYD, reported a 13% gain. Tesla shares dropped 5% on the news, deepening a slide of more than 40% since last July, amounting to a loss of about $400 billion in market value.</p><p>Still, Tesla’s market capitalization of $545 billion is higher than the combined worth of the next three most valuable carmakers, Toyota, Porsche and Mercedes-Benz. Tesla’s stock value has long been based on future expectations for mass-market sales and driverless cars rather than its current sales and profits.</p><p>RUNNING LATE</p><p>The affordable-car project’s cancellation comes as Tesla and other established automakers have been rocked by slowing EV demand growth in the United States and Europe, and cut-throat competition in China.</p><p>If Tesla had moved forward with the low-cost car, it wouldn’t have arrived on the market until the latter half of 2025, by the company’s estimate. But the entry-level EV segment is already crowded with compelling models from BYD and many other Chinese brands.</p><p>Tesla is late to the segment in part because of a pivotal decision by Musk. In 2020, after releasing its hit crossover, the Model Y, Tesla focused on the highly experimental Cybertruck instead of an affordable car.</p><p>Musk unveiled a prototype of the angular, stainless steel-clad truck in 2019 and predicted a starting price of about $40,000. The vehicle finally arrived last year as a 2024 model. The two versions available now start at about $80,000 and $100,000. Tesla says a lower-end Cybertruck costing about $61,000 won&#39;t be ready for delivery until 2025.</p><p>The company has also struggled to work through manufacturing problems, particularly with the truck&#39;s pioneering battery technology. Musk hopes to sell the vehicle in high volumes but warned investors last fall about &#34;enormous challenges&#34; ramping up production and making the vehicle profitable.</p><p>&#34;We dug our own grave with the Cybertruck,&#34; he said.</p><p>During the same period, BYD has seen its electric-vehicle sales soar in China, growing from about 130,000 to more than 1.5 million, not including its thriving business in plug-in hybrids or its fast-growing exports.</p><p>BYD already offers a slew of low- and mid-range models, including its Seagull hatchback for less than $10,000. The Chinese automaker now plans to export that car for more than double that price - but still lower than the target for the cheap car Tesla had planned to build.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://sg.news.yahoo.com/news/exclusive-tesla-scraps-low-cost-150726195.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2425593562","content_text":"(Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.Tesla stock fell 4.53% in late morning trading on the news.The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”He has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.Tesla’s cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.Tesla did not respond to requests for comment.The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. The plan for driverless robotaxis, which could take longer to deliver, presents a stiffer engineering challenge and more regulatory risk.Two sources said they learned of Tesla's decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.“Elon’s directive is to go all in on robotaxi,” that person said.The third source confirmed the cancellation and said new plans call for robotaxis to be produced, but in much lower volumes than had been projected for the Model 2.Several company messages reviewed by Reuters about the decision included one on March 1 from an unnamed program manager for the affordable car discussing the project’s demise with engineering staff and advising them to hold off on telling suppliers “about program cancellation.”A fourth person with knowledge of Tesla’s plans expressed optimism about the decision to pivot away from the cheap-car strategy in favor of robotaxis, a segment Musk has envisioned as the future of mobility. The source cautioned that Tesla’s product plans could change again based on economic conditions.Squeezing profits from entry-level vehicles is a challenge for any automaker. But Tesla’s delay in pursuing the car Musk once called his dream made it much tougher because it now faces far more competition in that price range.While Tesla spent years developing its highly experimental Cybertruck, a pricey electric pickup, Chinese automakers have raced ahead on affordable EVs, grabbing market share, gaining economies of scale and offering consumers bargain prices that Western automakers are struggling to match.As Chinese EVs surged to challenge Tesla’s dominance, Musk was tending to his sprawling empire, which includes rocket-maker SpaceX, brain-chip developer Neuralink, and social media giant X, which Musk acquired in 2022. Formerly called Twitter, the platform has foundered under Musk’s volatile management, shedding most of its value as the company has lost revenue and advertisers.Plans for the affordable Tesla have been seen as key to delivering on Musk’s stratospheric ambitions for sales growth. Musk said in 2020 that Tesla aspired by 2030 to sell 20 million vehicles – twice as many as the world’s largest automaker, Toyota, sells today. With the death of the Model 2, it’s unclear how he’ll get there.Expectations for a $25,000 vehicle have underpinned Wall Street analysts’ more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.Musk has wavered on the project before. In a biography of the entrepreneur released last year, author Walter Issacson reported that Musk in 2022 “put a hold on” the entry-level EV plans, reasoning that a Tesla robotaxi would make the car irrelevant. Musk’s advisors urged him to stay the course, the book said.‘HALT ALL FURTHER ACTIVITIES’Tesla called the affordable-car project NV91 internally and H422 externally when discussing it with suppliers, according to two of the sources and company messages reviewed by Reuters.Messages from the unnamed Tesla program manager to staffers referenced those code names in discussing the project’s termination. One of those messages sent March 1 said that “suppliers should halt all further activities related to H422/NV91.”The sources said they did not know all the reasons behind the decision to kill the project.In another March 1 message, the manager thanked engineering staffers for their efforts and urged them to document what they had learned.“I’d like to thank everyone for all your hard work and dedication to pushing boundaries and executing the best design possible given the aggressive constraints we had to work within,” the message said. “We would not want all our hard work to go to waste, so it’s important that we tie things off and document things properly.”The messages showed meetings on the affordable-car project being canceled. The two sources said some engineers have been reassigned.Tesla’s timeline and business model for robotaxis remain unclear. Musk has publicly predicted a future of mobility in which driverless taxis could eventually become a more common mode of transport than human-driven cars. He has said Tesla, the world’s most valuable automaker, would be \"worth basically zero\" without achieving full self-driving capability.Currently, self-driving cars have only been approved by U.S. and Chinese regulators for tightly limited, experimental use on public roads.Tesla has yet to prove it can produce an autonomous car despite years of predictions by Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation. The automaker faces lawsuits and investigations into crashes involving its Autopilot and Full Self-Driving driver-assistance systems, which are not fully autonomous. Tesla has blamed the accidents on inattentive drivers.Tesla's Autopilot woes are among a number of problems that have drawn scrutiny. The automaker faces another investigation into the driving-range estimates of its cars, launched after Reuters reported last year that Tesla had rigged the in-dash range meters in its vehicles to give rosy projections. Reuters reported in December that the automaker blamed “driver abuse” for chronic failures of suspension and steering parts it long knew were defective.Tesla's image as a climate-friendly innovator has also suffered with Musk’s tilt toward right-wing politics and polarizing public statements, which have turned away some prospective Tesla buyers, according to surveys and experts.The automaker reported an 8% year-over-year drop in deliveries on Tuesday, just after its chief Chinese competitor, BYD, reported a 13% gain. Tesla shares dropped 5% on the news, deepening a slide of more than 40% since last July, amounting to a loss of about $400 billion in market value.Still, Tesla’s market capitalization of $545 billion is higher than the combined worth of the next three most valuable carmakers, Toyota, Porsche and Mercedes-Benz. Tesla’s stock value has long been based on future expectations for mass-market sales and driverless cars rather than its current sales and profits.RUNNING LATEThe affordable-car project’s cancellation comes as Tesla and other established automakers have been rocked by slowing EV demand growth in the United States and Europe, and cut-throat competition in China.If Tesla had moved forward with the low-cost car, it wouldn’t have arrived on the market until the latter half of 2025, by the company’s estimate. But the entry-level EV segment is already crowded with compelling models from BYD and many other Chinese brands.Tesla is late to the segment in part because of a pivotal decision by Musk. In 2020, after releasing its hit crossover, the Model Y, Tesla focused on the highly experimental Cybertruck instead of an affordable car.Musk unveiled a prototype of the angular, stainless steel-clad truck in 2019 and predicted a starting price of about $40,000. The vehicle finally arrived last year as a 2024 model. The two versions available now start at about $80,000 and $100,000. Tesla says a lower-end Cybertruck costing about $61,000 won't be ready for delivery until 2025.The company has also struggled to work through manufacturing problems, particularly with the truck's pioneering battery technology. Musk hopes to sell the vehicle in high volumes but warned investors last fall about \"enormous challenges\" ramping up production and making the vehicle profitable.\"We dug our own grave with the Cybertruck,\" he said.During the same period, BYD has seen its electric-vehicle sales soar in China, growing from about 130,000 to more than 1.5 million, not including its thriving business in plug-in hybrids or its fast-growing exports.BYD already offers a slew of low- and mid-range models, including its Seagull hatchback for less than $10,000. The Chinese automaker now plans to export that car for more than double that price - but still lower than the target for the cheap car Tesla had planned to build.","news_type":1},"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":292068784111904,"gmtCreate":1712331868842,"gmtModify":1712331996325,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"https://x.com/sawyermerritt/status/1776272915001925897?s=46 Told you Reuters is lying, the article hashed is evil","listText":"https://x.com/sawyermerritt/status/1776272915001925897?s=46 Told you Reuters is lying, the article hashed is evil","text":"https://x.com/sawyermerritt/status/1776272915001925897?s=46 Told you Reuters is lying, the article hashed is evil","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/292068784111904","repostId":"2425593562","repostType":2,"repost":{"id":"2425593562","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1712330022,"share":"https://www.laohu8.com/m/news/2425593562?lang=&edition=full","pubTime":"2024-04-05 23:13","market":"us","language":"en","title":"Tesla Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition","url":"https://stock-news.laohu8.com/highlight/detail?id=2425593562","media":"Reuters","summary":"Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.  The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses.  As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.","content":"<html><head></head><body><p>(Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.</p><p>Tesla stock fell 4.53% in late morning trading on the news.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8aba5245d63b2cba703d631470a3ce6e\" tg-width=\"778\" tg-height=\"625\"/></p><p>The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.</p><p>The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”</p><p>He has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.</p><p>Tesla’s cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.</p><p>Tesla did not respond to requests for comment.</p><p>The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. The plan for driverless robotaxis, which could take longer to deliver, presents a stiffer engineering challenge and more regulatory risk.</p><p>Two sources said they learned of Tesla&#39;s decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.</p><p>“Elon’s directive is to go all in on robotaxi,” that person said.</p><p>The third source confirmed the cancellation and said new plans call for robotaxis to be produced, but in much lower volumes than had been projected for the Model 2.</p><p>Several company messages reviewed by Reuters about the decision included one on March 1 from an unnamed program manager for the affordable car discussing the project’s demise with engineering staff and advising them to hold off on telling suppliers “about program cancellation.”</p><p>A fourth person with knowledge of Tesla’s plans expressed optimism about the decision to pivot away from the cheap-car strategy in favor of robotaxis, a segment Musk has envisioned as the future of mobility. The source cautioned that Tesla’s product plans could change again based on economic conditions.</p><p>Squeezing profits from entry-level vehicles is a challenge for any automaker. But Tesla’s delay in pursuing the car Musk once called his dream made it much tougher because it now faces far more competition in that price range.</p><p>While Tesla spent years developing its highly experimental Cybertruck, a pricey electric pickup, Chinese automakers have raced ahead on affordable EVs, grabbing market share, gaining economies of scale and offering consumers bargain prices that Western automakers are struggling to match.</p><p>As Chinese EVs surged to challenge Tesla’s dominance, Musk was tending to his sprawling empire, which includes rocket-maker SpaceX, brain-chip developer Neuralink, and social media giant X, which Musk acquired in 2022. Formerly called Twitter, the platform has foundered under Musk’s volatile management, shedding most of its value as the company has lost revenue and advertisers.</p><p>Plans for the affordable Tesla have been seen as key to delivering on Musk’s stratospheric ambitions for sales growth. Musk said in 2020 that Tesla aspired by 2030 to sell 20 million vehicles – twice as many as the world’s largest automaker, Toyota, sells today. With the death of the Model 2, it’s unclear how he’ll get there.</p><p>Expectations for a $25,000 vehicle have underpinned Wall Street analysts’ more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.</p><p>Musk has wavered on the project before. In a biography of the entrepreneur released last year, author Walter Issacson reported that Musk in 2022 “put a hold on” the entry-level EV plans, reasoning that a Tesla robotaxi would make the car irrelevant. Musk’s advisors urged him to stay the course, the book said.</p><p>‘HALT ALL FURTHER ACTIVITIES’</p><p>Tesla called the affordable-car project NV91 internally and H422 externally when discussing it with suppliers, according to two of the sources and company messages reviewed by Reuters.</p><p>Messages from the unnamed Tesla program manager to staffers referenced those code names in discussing the project’s termination. One of those messages sent March 1 said that “suppliers should halt all further activities related to H422/NV91.”</p><p>The sources said they did not know all the reasons behind the decision to kill the project.</p><p>In another March 1 message, the manager thanked engineering staffers for their efforts and urged them to document what they had learned.</p><p>“I’d like to thank everyone for all your hard work and dedication to pushing boundaries and executing the best design possible given the aggressive constraints we had to work within,” the message said. “We would not want all our hard work to go to waste, so it’s important that we tie things off and document things properly.”</p><p>The messages showed meetings on the affordable-car project being canceled. The two sources said some engineers have been reassigned.</p><p>Tesla’s timeline and business model for robotaxis remain unclear. Musk has publicly predicted a future of mobility in which driverless taxis could eventually become a more common mode of transport than human-driven cars. He has said Tesla, the world’s most valuable automaker, would be &#34;worth basically zero&#34; without achieving full self-driving capability.</p><p>Currently, self-driving cars have only been approved by U.S. and Chinese regulators for tightly limited, experimental use on public roads.</p><p>Tesla has yet to prove it can produce an autonomous car despite years of predictions by Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation. The automaker faces lawsuits and investigations into crashes involving its Autopilot and Full Self-Driving driver-assistance systems, which are not fully autonomous. Tesla has blamed the accidents on inattentive drivers.</p><p>Tesla&#39;s Autopilot woes are among a number of problems that have drawn scrutiny. The automaker faces another investigation into the driving-range estimates of its cars, launched after Reuters reported last year that Tesla had rigged the in-dash range meters in its vehicles to give rosy projections. Reuters reported in December that the automaker blamed “driver abuse” for chronic failures of suspension and steering parts it long knew were defective.</p><p>Tesla&#39;s image as a climate-friendly innovator has also suffered with Musk’s tilt toward right-wing politics and polarizing public statements, which have turned away some prospective Tesla buyers, according to surveys and experts.</p><p>The automaker reported an 8% year-over-year drop in deliveries on Tuesday, just after its chief Chinese competitor, BYD, reported a 13% gain. Tesla shares dropped 5% on the news, deepening a slide of more than 40% since last July, amounting to a loss of about $400 billion in market value.</p><p>Still, Tesla’s market capitalization of $545 billion is higher than the combined worth of the next three most valuable carmakers, Toyota, Porsche and Mercedes-Benz. Tesla’s stock value has long been based on future expectations for mass-market sales and driverless cars rather than its current sales and profits.</p><p>RUNNING LATE</p><p>The affordable-car project’s cancellation comes as Tesla and other established automakers have been rocked by slowing EV demand growth in the United States and Europe, and cut-throat competition in China.</p><p>If Tesla had moved forward with the low-cost car, it wouldn’t have arrived on the market until the latter half of 2025, by the company’s estimate. But the entry-level EV segment is already crowded with compelling models from BYD and many other Chinese brands.</p><p>Tesla is late to the segment in part because of a pivotal decision by Musk. In 2020, after releasing its hit crossover, the Model Y, Tesla focused on the highly experimental Cybertruck instead of an affordable car.</p><p>Musk unveiled a prototype of the angular, stainless steel-clad truck in 2019 and predicted a starting price of about $40,000. The vehicle finally arrived last year as a 2024 model. The two versions available now start at about $80,000 and $100,000. Tesla says a lower-end Cybertruck costing about $61,000 won&#39;t be ready for delivery until 2025.</p><p>The company has also struggled to work through manufacturing problems, particularly with the truck&#39;s pioneering battery technology. Musk hopes to sell the vehicle in high volumes but warned investors last fall about &#34;enormous challenges&#34; ramping up production and making the vehicle profitable.</p><p>&#34;We dug our own grave with the Cybertruck,&#34; he said.</p><p>During the same period, BYD has seen its electric-vehicle sales soar in China, growing from about 130,000 to more than 1.5 million, not including its thriving business in plug-in hybrids or its fast-growing exports.</p><p>BYD already offers a slew of low- and mid-range models, including its Seagull hatchback for less than $10,000. The Chinese automaker now plans to export that car for more than double that price - but still lower than the target for the cheap car Tesla had planned to build.</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 Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition</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 Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-04-05 23:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.</p><p>Tesla stock fell 4.53% in late morning trading on the news.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8aba5245d63b2cba703d631470a3ce6e\" tg-width=\"778\" tg-height=\"625\"/></p><p>The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.</p><p>The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”</p><p>He has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.</p><p>Tesla’s cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.</p><p>Tesla did not respond to requests for comment.</p><p>The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. The plan for driverless robotaxis, which could take longer to deliver, presents a stiffer engineering challenge and more regulatory risk.</p><p>Two sources said they learned of Tesla&#39;s decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.</p><p>“Elon’s directive is to go all in on robotaxi,” that person said.</p><p>The third source confirmed the cancellation and said new plans call for robotaxis to be produced, but in much lower volumes than had been projected for the Model 2.</p><p>Several company messages reviewed by Reuters about the decision included one on March 1 from an unnamed program manager for the affordable car discussing the project’s demise with engineering staff and advising them to hold off on telling suppliers “about program cancellation.”</p><p>A fourth person with knowledge of Tesla’s plans expressed optimism about the decision to pivot away from the cheap-car strategy in favor of robotaxis, a segment Musk has envisioned as the future of mobility. The source cautioned that Tesla’s product plans could change again based on economic conditions.</p><p>Squeezing profits from entry-level vehicles is a challenge for any automaker. But Tesla’s delay in pursuing the car Musk once called his dream made it much tougher because it now faces far more competition in that price range.</p><p>While Tesla spent years developing its highly experimental Cybertruck, a pricey electric pickup, Chinese automakers have raced ahead on affordable EVs, grabbing market share, gaining economies of scale and offering consumers bargain prices that Western automakers are struggling to match.</p><p>As Chinese EVs surged to challenge Tesla’s dominance, Musk was tending to his sprawling empire, which includes rocket-maker SpaceX, brain-chip developer Neuralink, and social media giant X, which Musk acquired in 2022. Formerly called Twitter, the platform has foundered under Musk’s volatile management, shedding most of its value as the company has lost revenue and advertisers.</p><p>Plans for the affordable Tesla have been seen as key to delivering on Musk’s stratospheric ambitions for sales growth. Musk said in 2020 that Tesla aspired by 2030 to sell 20 million vehicles – twice as many as the world’s largest automaker, Toyota, sells today. With the death of the Model 2, it’s unclear how he’ll get there.</p><p>Expectations for a $25,000 vehicle have underpinned Wall Street analysts’ more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.</p><p>Musk has wavered on the project before. In a biography of the entrepreneur released last year, author Walter Issacson reported that Musk in 2022 “put a hold on” the entry-level EV plans, reasoning that a Tesla robotaxi would make the car irrelevant. Musk’s advisors urged him to stay the course, the book said.</p><p>‘HALT ALL FURTHER ACTIVITIES’</p><p>Tesla called the affordable-car project NV91 internally and H422 externally when discussing it with suppliers, according to two of the sources and company messages reviewed by Reuters.</p><p>Messages from the unnamed Tesla program manager to staffers referenced those code names in discussing the project’s termination. One of those messages sent March 1 said that “suppliers should halt all further activities related to H422/NV91.”</p><p>The sources said they did not know all the reasons behind the decision to kill the project.</p><p>In another March 1 message, the manager thanked engineering staffers for their efforts and urged them to document what they had learned.</p><p>“I’d like to thank everyone for all your hard work and dedication to pushing boundaries and executing the best design possible given the aggressive constraints we had to work within,” the message said. “We would not want all our hard work to go to waste, so it’s important that we tie things off and document things properly.”</p><p>The messages showed meetings on the affordable-car project being canceled. The two sources said some engineers have been reassigned.</p><p>Tesla’s timeline and business model for robotaxis remain unclear. Musk has publicly predicted a future of mobility in which driverless taxis could eventually become a more common mode of transport than human-driven cars. He has said Tesla, the world’s most valuable automaker, would be &#34;worth basically zero&#34; without achieving full self-driving capability.</p><p>Currently, self-driving cars have only been approved by U.S. and Chinese regulators for tightly limited, experimental use on public roads.</p><p>Tesla has yet to prove it can produce an autonomous car despite years of predictions by Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation. The automaker faces lawsuits and investigations into crashes involving its Autopilot and Full Self-Driving driver-assistance systems, which are not fully autonomous. Tesla has blamed the accidents on inattentive drivers.</p><p>Tesla&#39;s Autopilot woes are among a number of problems that have drawn scrutiny. The automaker faces another investigation into the driving-range estimates of its cars, launched after Reuters reported last year that Tesla had rigged the in-dash range meters in its vehicles to give rosy projections. Reuters reported in December that the automaker blamed “driver abuse” for chronic failures of suspension and steering parts it long knew were defective.</p><p>Tesla&#39;s image as a climate-friendly innovator has also suffered with Musk’s tilt toward right-wing politics and polarizing public statements, which have turned away some prospective Tesla buyers, according to surveys and experts.</p><p>The automaker reported an 8% year-over-year drop in deliveries on Tuesday, just after its chief Chinese competitor, BYD, reported a 13% gain. Tesla shares dropped 5% on the news, deepening a slide of more than 40% since last July, amounting to a loss of about $400 billion in market value.</p><p>Still, Tesla’s market capitalization of $545 billion is higher than the combined worth of the next three most valuable carmakers, Toyota, Porsche and Mercedes-Benz. Tesla’s stock value has long been based on future expectations for mass-market sales and driverless cars rather than its current sales and profits.</p><p>RUNNING LATE</p><p>The affordable-car project’s cancellation comes as Tesla and other established automakers have been rocked by slowing EV demand growth in the United States and Europe, and cut-throat competition in China.</p><p>If Tesla had moved forward with the low-cost car, it wouldn’t have arrived on the market until the latter half of 2025, by the company’s estimate. But the entry-level EV segment is already crowded with compelling models from BYD and many other Chinese brands.</p><p>Tesla is late to the segment in part because of a pivotal decision by Musk. In 2020, after releasing its hit crossover, the Model Y, Tesla focused on the highly experimental Cybertruck instead of an affordable car.</p><p>Musk unveiled a prototype of the angular, stainless steel-clad truck in 2019 and predicted a starting price of about $40,000. The vehicle finally arrived last year as a 2024 model. The two versions available now start at about $80,000 and $100,000. Tesla says a lower-end Cybertruck costing about $61,000 won&#39;t be ready for delivery until 2025.</p><p>The company has also struggled to work through manufacturing problems, particularly with the truck&#39;s pioneering battery technology. Musk hopes to sell the vehicle in high volumes but warned investors last fall about &#34;enormous challenges&#34; ramping up production and making the vehicle profitable.</p><p>&#34;We dug our own grave with the Cybertruck,&#34; he said.</p><p>During the same period, BYD has seen its electric-vehicle sales soar in China, growing from about 130,000 to more than 1.5 million, not including its thriving business in plug-in hybrids or its fast-growing exports.</p><p>BYD already offers a slew of low- and mid-range models, including its Seagull hatchback for less than $10,000. The Chinese automaker now plans to export that car for more than double that price - but still lower than the target for the cheap car Tesla had planned to build.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://sg.news.yahoo.com/news/exclusive-tesla-scraps-low-cost-150726195.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2425593562","content_text":"(Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.Tesla stock fell 4.53% in late morning trading on the news.The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”He has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.Tesla’s cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.Tesla did not respond to requests for comment.The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. The plan for driverless robotaxis, which could take longer to deliver, presents a stiffer engineering challenge and more regulatory risk.Two sources said they learned of Tesla's decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.“Elon’s directive is to go all in on robotaxi,” that person said.The third source confirmed the cancellation and said new plans call for robotaxis to be produced, but in much lower volumes than had been projected for the Model 2.Several company messages reviewed by Reuters about the decision included one on March 1 from an unnamed program manager for the affordable car discussing the project’s demise with engineering staff and advising them to hold off on telling suppliers “about program cancellation.”A fourth person with knowledge of Tesla’s plans expressed optimism about the decision to pivot away from the cheap-car strategy in favor of robotaxis, a segment Musk has envisioned as the future of mobility. The source cautioned that Tesla’s product plans could change again based on economic conditions.Squeezing profits from entry-level vehicles is a challenge for any automaker. But Tesla’s delay in pursuing the car Musk once called his dream made it much tougher because it now faces far more competition in that price range.While Tesla spent years developing its highly experimental Cybertruck, a pricey electric pickup, Chinese automakers have raced ahead on affordable EVs, grabbing market share, gaining economies of scale and offering consumers bargain prices that Western automakers are struggling to match.As Chinese EVs surged to challenge Tesla’s dominance, Musk was tending to his sprawling empire, which includes rocket-maker SpaceX, brain-chip developer Neuralink, and social media giant X, which Musk acquired in 2022. Formerly called Twitter, the platform has foundered under Musk’s volatile management, shedding most of its value as the company has lost revenue and advertisers.Plans for the affordable Tesla have been seen as key to delivering on Musk’s stratospheric ambitions for sales growth. Musk said in 2020 that Tesla aspired by 2030 to sell 20 million vehicles – twice as many as the world’s largest automaker, Toyota, sells today. With the death of the Model 2, it’s unclear how he’ll get there.Expectations for a $25,000 vehicle have underpinned Wall Street analysts’ more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.Musk has wavered on the project before. In a biography of the entrepreneur released last year, author Walter Issacson reported that Musk in 2022 “put a hold on” the entry-level EV plans, reasoning that a Tesla robotaxi would make the car irrelevant. Musk’s advisors urged him to stay the course, the book said.‘HALT ALL FURTHER ACTIVITIES’Tesla called the affordable-car project NV91 internally and H422 externally when discussing it with suppliers, according to two of the sources and company messages reviewed by Reuters.Messages from the unnamed Tesla program manager to staffers referenced those code names in discussing the project’s termination. One of those messages sent March 1 said that “suppliers should halt all further activities related to H422/NV91.”The sources said they did not know all the reasons behind the decision to kill the project.In another March 1 message, the manager thanked engineering staffers for their efforts and urged them to document what they had learned.“I’d like to thank everyone for all your hard work and dedication to pushing boundaries and executing the best design possible given the aggressive constraints we had to work within,” the message said. “We would not want all our hard work to go to waste, so it’s important that we tie things off and document things properly.”The messages showed meetings on the affordable-car project being canceled. The two sources said some engineers have been reassigned.Tesla’s timeline and business model for robotaxis remain unclear. Musk has publicly predicted a future of mobility in which driverless taxis could eventually become a more common mode of transport than human-driven cars. He has said Tesla, the world’s most valuable automaker, would be \"worth basically zero\" without achieving full self-driving capability.Currently, self-driving cars have only been approved by U.S. and Chinese regulators for tightly limited, experimental use on public roads.Tesla has yet to prove it can produce an autonomous car despite years of predictions by Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation. The automaker faces lawsuits and investigations into crashes involving its Autopilot and Full Self-Driving driver-assistance systems, which are not fully autonomous. Tesla has blamed the accidents on inattentive drivers.Tesla's Autopilot woes are among a number of problems that have drawn scrutiny. The automaker faces another investigation into the driving-range estimates of its cars, launched after Reuters reported last year that Tesla had rigged the in-dash range meters in its vehicles to give rosy projections. Reuters reported in December that the automaker blamed “driver abuse” for chronic failures of suspension and steering parts it long knew were defective.Tesla's image as a climate-friendly innovator has also suffered with Musk’s tilt toward right-wing politics and polarizing public statements, which have turned away some prospective Tesla buyers, according to surveys and experts.The automaker reported an 8% year-over-year drop in deliveries on Tuesday, just after its chief Chinese competitor, BYD, reported a 13% gain. Tesla shares dropped 5% on the news, deepening a slide of more than 40% since last July, amounting to a loss of about $400 billion in market value.Still, Tesla’s market capitalization of $545 billion is higher than the combined worth of the next three most valuable carmakers, Toyota, Porsche and Mercedes-Benz. Tesla’s stock value has long been based on future expectations for mass-market sales and driverless cars rather than its current sales and profits.RUNNING LATEThe affordable-car project’s cancellation comes as Tesla and other established automakers have been rocked by slowing EV demand growth in the United States and Europe, and cut-throat competition in China.If Tesla had moved forward with the low-cost car, it wouldn’t have arrived on the market until the latter half of 2025, by the company’s estimate. But the entry-level EV segment is already crowded with compelling models from BYD and many other Chinese brands.Tesla is late to the segment in part because of a pivotal decision by Musk. In 2020, after releasing its hit crossover, the Model Y, Tesla focused on the highly experimental Cybertruck instead of an affordable car.Musk unveiled a prototype of the angular, stainless steel-clad truck in 2019 and predicted a starting price of about $40,000. The vehicle finally arrived last year as a 2024 model. The two versions available now start at about $80,000 and $100,000. Tesla says a lower-end Cybertruck costing about $61,000 won't be ready for delivery until 2025.The company has also struggled to work through manufacturing problems, particularly with the truck's pioneering battery technology. Musk hopes to sell the vehicle in high volumes but warned investors last fall about \"enormous challenges\" ramping up production and making the vehicle profitable.\"We dug our own grave with the Cybertruck,\" he said.During the same period, BYD has seen its electric-vehicle sales soar in China, growing from about 130,000 to more than 1.5 million, not including its thriving business in plug-in hybrids or its fast-growing exports.BYD already offers a slew of low- and mid-range models, including its Seagull hatchback for less than $10,000. The Chinese automaker now plans to export that car for more than double that price - but still lower than the target for the cheap car Tesla had planned to build.","news_type":1},"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":292067361448072,"gmtCreate":1712331527318,"gmtModify":1712331620729,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"This bloody Reuters continues to propagate FUD🤬","listText":"This bloody Reuters continues to propagate FUD🤬","text":"This bloody Reuters continues to propagate FUD🤬","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/292067361448072","repostId":"2425593562","repostType":2,"repost":{"id":"2425593562","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1712330022,"share":"https://www.laohu8.com/m/news/2425593562?lang=&edition=full","pubTime":"2024-04-05 23:13","market":"us","language":"en","title":"Tesla Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition","url":"https://stock-news.laohu8.com/highlight/detail?id=2425593562","media":"Reuters","summary":"Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.  The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses.  As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.","content":"<html><head></head><body><p>(Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.</p><p>Tesla stock fell 4.53% in late morning trading on the news.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8aba5245d63b2cba703d631470a3ce6e\" tg-width=\"778\" tg-height=\"625\"/></p><p>The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.</p><p>The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”</p><p>He has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.</p><p>Tesla’s cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.</p><p>Tesla did not respond to requests for comment.</p><p>The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. The plan for driverless robotaxis, which could take longer to deliver, presents a stiffer engineering challenge and more regulatory risk.</p><p>Two sources said they learned of Tesla&#39;s decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.</p><p>“Elon’s directive is to go all in on robotaxi,” that person said.</p><p>The third source confirmed the cancellation and said new plans call for robotaxis to be produced, but in much lower volumes than had been projected for the Model 2.</p><p>Several company messages reviewed by Reuters about the decision included one on March 1 from an unnamed program manager for the affordable car discussing the project’s demise with engineering staff and advising them to hold off on telling suppliers “about program cancellation.”</p><p>A fourth person with knowledge of Tesla’s plans expressed optimism about the decision to pivot away from the cheap-car strategy in favor of robotaxis, a segment Musk has envisioned as the future of mobility. The source cautioned that Tesla’s product plans could change again based on economic conditions.</p><p>Squeezing profits from entry-level vehicles is a challenge for any automaker. But Tesla’s delay in pursuing the car Musk once called his dream made it much tougher because it now faces far more competition in that price range.</p><p>While Tesla spent years developing its highly experimental Cybertruck, a pricey electric pickup, Chinese automakers have raced ahead on affordable EVs, grabbing market share, gaining economies of scale and offering consumers bargain prices that Western automakers are struggling to match.</p><p>As Chinese EVs surged to challenge Tesla’s dominance, Musk was tending to his sprawling empire, which includes rocket-maker SpaceX, brain-chip developer Neuralink, and social media giant X, which Musk acquired in 2022. Formerly called Twitter, the platform has foundered under Musk’s volatile management, shedding most of its value as the company has lost revenue and advertisers.</p><p>Plans for the affordable Tesla have been seen as key to delivering on Musk’s stratospheric ambitions for sales growth. Musk said in 2020 that Tesla aspired by 2030 to sell 20 million vehicles – twice as many as the world’s largest automaker, Toyota, sells today. With the death of the Model 2, it’s unclear how he’ll get there.</p><p>Expectations for a $25,000 vehicle have underpinned Wall Street analysts’ more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.</p><p>Musk has wavered on the project before. In a biography of the entrepreneur released last year, author Walter Issacson reported that Musk in 2022 “put a hold on” the entry-level EV plans, reasoning that a Tesla robotaxi would make the car irrelevant. Musk’s advisors urged him to stay the course, the book said.</p><p>‘HALT ALL FURTHER ACTIVITIES’</p><p>Tesla called the affordable-car project NV91 internally and H422 externally when discussing it with suppliers, according to two of the sources and company messages reviewed by Reuters.</p><p>Messages from the unnamed Tesla program manager to staffers referenced those code names in discussing the project’s termination. One of those messages sent March 1 said that “suppliers should halt all further activities related to H422/NV91.”</p><p>The sources said they did not know all the reasons behind the decision to kill the project.</p><p>In another March 1 message, the manager thanked engineering staffers for their efforts and urged them to document what they had learned.</p><p>“I’d like to thank everyone for all your hard work and dedication to pushing boundaries and executing the best design possible given the aggressive constraints we had to work within,” the message said. “We would not want all our hard work to go to waste, so it’s important that we tie things off and document things properly.”</p><p>The messages showed meetings on the affordable-car project being canceled. The two sources said some engineers have been reassigned.</p><p>Tesla’s timeline and business model for robotaxis remain unclear. Musk has publicly predicted a future of mobility in which driverless taxis could eventually become a more common mode of transport than human-driven cars. He has said Tesla, the world’s most valuable automaker, would be &#34;worth basically zero&#34; without achieving full self-driving capability.</p><p>Currently, self-driving cars have only been approved by U.S. and Chinese regulators for tightly limited, experimental use on public roads.</p><p>Tesla has yet to prove it can produce an autonomous car despite years of predictions by Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation. The automaker faces lawsuits and investigations into crashes involving its Autopilot and Full Self-Driving driver-assistance systems, which are not fully autonomous. Tesla has blamed the accidents on inattentive drivers.</p><p>Tesla&#39;s Autopilot woes are among a number of problems that have drawn scrutiny. The automaker faces another investigation into the driving-range estimates of its cars, launched after Reuters reported last year that Tesla had rigged the in-dash range meters in its vehicles to give rosy projections. Reuters reported in December that the automaker blamed “driver abuse” for chronic failures of suspension and steering parts it long knew were defective.</p><p>Tesla&#39;s image as a climate-friendly innovator has also suffered with Musk’s tilt toward right-wing politics and polarizing public statements, which have turned away some prospective Tesla buyers, according to surveys and experts.</p><p>The automaker reported an 8% year-over-year drop in deliveries on Tuesday, just after its chief Chinese competitor, BYD, reported a 13% gain. Tesla shares dropped 5% on the news, deepening a slide of more than 40% since last July, amounting to a loss of about $400 billion in market value.</p><p>Still, Tesla’s market capitalization of $545 billion is higher than the combined worth of the next three most valuable carmakers, Toyota, Porsche and Mercedes-Benz. Tesla’s stock value has long been based on future expectations for mass-market sales and driverless cars rather than its current sales and profits.</p><p>RUNNING LATE</p><p>The affordable-car project’s cancellation comes as Tesla and other established automakers have been rocked by slowing EV demand growth in the United States and Europe, and cut-throat competition in China.</p><p>If Tesla had moved forward with the low-cost car, it wouldn’t have arrived on the market until the latter half of 2025, by the company’s estimate. But the entry-level EV segment is already crowded with compelling models from BYD and many other Chinese brands.</p><p>Tesla is late to the segment in part because of a pivotal decision by Musk. In 2020, after releasing its hit crossover, the Model Y, Tesla focused on the highly experimental Cybertruck instead of an affordable car.</p><p>Musk unveiled a prototype of the angular, stainless steel-clad truck in 2019 and predicted a starting price of about $40,000. The vehicle finally arrived last year as a 2024 model. The two versions available now start at about $80,000 and $100,000. Tesla says a lower-end Cybertruck costing about $61,000 won&#39;t be ready for delivery until 2025.</p><p>The company has also struggled to work through manufacturing problems, particularly with the truck&#39;s pioneering battery technology. Musk hopes to sell the vehicle in high volumes but warned investors last fall about &#34;enormous challenges&#34; ramping up production and making the vehicle profitable.</p><p>&#34;We dug our own grave with the Cybertruck,&#34; he said.</p><p>During the same period, BYD has seen its electric-vehicle sales soar in China, growing from about 130,000 to more than 1.5 million, not including its thriving business in plug-in hybrids or its fast-growing exports.</p><p>BYD already offers a slew of low- and mid-range models, including its Seagull hatchback for less than $10,000. The Chinese automaker now plans to export that car for more than double that price - but still lower than the target for the cheap car Tesla had planned to build.</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 Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition</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 Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-04-05 23:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.</p><p>Tesla stock fell 4.53% in late morning trading on the news.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8aba5245d63b2cba703d631470a3ce6e\" tg-width=\"778\" tg-height=\"625\"/></p><p>The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.</p><p>The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”</p><p>He has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.</p><p>Tesla’s cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.</p><p>Tesla did not respond to requests for comment.</p><p>The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. The plan for driverless robotaxis, which could take longer to deliver, presents a stiffer engineering challenge and more regulatory risk.</p><p>Two sources said they learned of Tesla&#39;s decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.</p><p>“Elon’s directive is to go all in on robotaxi,” that person said.</p><p>The third source confirmed the cancellation and said new plans call for robotaxis to be produced, but in much lower volumes than had been projected for the Model 2.</p><p>Several company messages reviewed by Reuters about the decision included one on March 1 from an unnamed program manager for the affordable car discussing the project’s demise with engineering staff and advising them to hold off on telling suppliers “about program cancellation.”</p><p>A fourth person with knowledge of Tesla’s plans expressed optimism about the decision to pivot away from the cheap-car strategy in favor of robotaxis, a segment Musk has envisioned as the future of mobility. The source cautioned that Tesla’s product plans could change again based on economic conditions.</p><p>Squeezing profits from entry-level vehicles is a challenge for any automaker. But Tesla’s delay in pursuing the car Musk once called his dream made it much tougher because it now faces far more competition in that price range.</p><p>While Tesla spent years developing its highly experimental Cybertruck, a pricey electric pickup, Chinese automakers have raced ahead on affordable EVs, grabbing market share, gaining economies of scale and offering consumers bargain prices that Western automakers are struggling to match.</p><p>As Chinese EVs surged to challenge Tesla’s dominance, Musk was tending to his sprawling empire, which includes rocket-maker SpaceX, brain-chip developer Neuralink, and social media giant X, which Musk acquired in 2022. Formerly called Twitter, the platform has foundered under Musk’s volatile management, shedding most of its value as the company has lost revenue and advertisers.</p><p>Plans for the affordable Tesla have been seen as key to delivering on Musk’s stratospheric ambitions for sales growth. Musk said in 2020 that Tesla aspired by 2030 to sell 20 million vehicles – twice as many as the world’s largest automaker, Toyota, sells today. With the death of the Model 2, it’s unclear how he’ll get there.</p><p>Expectations for a $25,000 vehicle have underpinned Wall Street analysts’ more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.</p><p>Musk has wavered on the project before. In a biography of the entrepreneur released last year, author Walter Issacson reported that Musk in 2022 “put a hold on” the entry-level EV plans, reasoning that a Tesla robotaxi would make the car irrelevant. Musk’s advisors urged him to stay the course, the book said.</p><p>‘HALT ALL FURTHER ACTIVITIES’</p><p>Tesla called the affordable-car project NV91 internally and H422 externally when discussing it with suppliers, according to two of the sources and company messages reviewed by Reuters.</p><p>Messages from the unnamed Tesla program manager to staffers referenced those code names in discussing the project’s termination. One of those messages sent March 1 said that “suppliers should halt all further activities related to H422/NV91.”</p><p>The sources said they did not know all the reasons behind the decision to kill the project.</p><p>In another March 1 message, the manager thanked engineering staffers for their efforts and urged them to document what they had learned.</p><p>“I’d like to thank everyone for all your hard work and dedication to pushing boundaries and executing the best design possible given the aggressive constraints we had to work within,” the message said. “We would not want all our hard work to go to waste, so it’s important that we tie things off and document things properly.”</p><p>The messages showed meetings on the affordable-car project being canceled. The two sources said some engineers have been reassigned.</p><p>Tesla’s timeline and business model for robotaxis remain unclear. Musk has publicly predicted a future of mobility in which driverless taxis could eventually become a more common mode of transport than human-driven cars. He has said Tesla, the world’s most valuable automaker, would be &#34;worth basically zero&#34; without achieving full self-driving capability.</p><p>Currently, self-driving cars have only been approved by U.S. and Chinese regulators for tightly limited, experimental use on public roads.</p><p>Tesla has yet to prove it can produce an autonomous car despite years of predictions by Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation. The automaker faces lawsuits and investigations into crashes involving its Autopilot and Full Self-Driving driver-assistance systems, which are not fully autonomous. Tesla has blamed the accidents on inattentive drivers.</p><p>Tesla&#39;s Autopilot woes are among a number of problems that have drawn scrutiny. The automaker faces another investigation into the driving-range estimates of its cars, launched after Reuters reported last year that Tesla had rigged the in-dash range meters in its vehicles to give rosy projections. Reuters reported in December that the automaker blamed “driver abuse” for chronic failures of suspension and steering parts it long knew were defective.</p><p>Tesla&#39;s image as a climate-friendly innovator has also suffered with Musk’s tilt toward right-wing politics and polarizing public statements, which have turned away some prospective Tesla buyers, according to surveys and experts.</p><p>The automaker reported an 8% year-over-year drop in deliveries on Tuesday, just after its chief Chinese competitor, BYD, reported a 13% gain. Tesla shares dropped 5% on the news, deepening a slide of more than 40% since last July, amounting to a loss of about $400 billion in market value.</p><p>Still, Tesla’s market capitalization of $545 billion is higher than the combined worth of the next three most valuable carmakers, Toyota, Porsche and Mercedes-Benz. Tesla’s stock value has long been based on future expectations for mass-market sales and driverless cars rather than its current sales and profits.</p><p>RUNNING LATE</p><p>The affordable-car project’s cancellation comes as Tesla and other established automakers have been rocked by slowing EV demand growth in the United States and Europe, and cut-throat competition in China.</p><p>If Tesla had moved forward with the low-cost car, it wouldn’t have arrived on the market until the latter half of 2025, by the company’s estimate. But the entry-level EV segment is already crowded with compelling models from BYD and many other Chinese brands.</p><p>Tesla is late to the segment in part because of a pivotal decision by Musk. In 2020, after releasing its hit crossover, the Model Y, Tesla focused on the highly experimental Cybertruck instead of an affordable car.</p><p>Musk unveiled a prototype of the angular, stainless steel-clad truck in 2019 and predicted a starting price of about $40,000. The vehicle finally arrived last year as a 2024 model. The two versions available now start at about $80,000 and $100,000. Tesla says a lower-end Cybertruck costing about $61,000 won&#39;t be ready for delivery until 2025.</p><p>The company has also struggled to work through manufacturing problems, particularly with the truck&#39;s pioneering battery technology. Musk hopes to sell the vehicle in high volumes but warned investors last fall about &#34;enormous challenges&#34; ramping up production and making the vehicle profitable.</p><p>&#34;We dug our own grave with the Cybertruck,&#34; he said.</p><p>During the same period, BYD has seen its electric-vehicle sales soar in China, growing from about 130,000 to more than 1.5 million, not including its thriving business in plug-in hybrids or its fast-growing exports.</p><p>BYD already offers a slew of low- and mid-range models, including its Seagull hatchback for less than $10,000. The Chinese automaker now plans to export that car for more than double that price - but still lower than the target for the cheap car Tesla had planned to build.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://sg.news.yahoo.com/news/exclusive-tesla-scraps-low-cost-150726195.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2425593562","content_text":"(Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.Tesla stock fell 4.53% in late morning trading on the news.The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”He has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.Tesla’s cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.Tesla did not respond to requests for comment.The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. The plan for driverless robotaxis, which could take longer to deliver, presents a stiffer engineering challenge and more regulatory risk.Two sources said they learned of Tesla's decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.“Elon’s directive is to go all in on robotaxi,” that person said.The third source confirmed the cancellation and said new plans call for robotaxis to be produced, but in much lower volumes than had been projected for the Model 2.Several company messages reviewed by Reuters about the decision included one on March 1 from an unnamed program manager for the affordable car discussing the project’s demise with engineering staff and advising them to hold off on telling suppliers “about program cancellation.”A fourth person with knowledge of Tesla’s plans expressed optimism about the decision to pivot away from the cheap-car strategy in favor of robotaxis, a segment Musk has envisioned as the future of mobility. The source cautioned that Tesla’s product plans could change again based on economic conditions.Squeezing profits from entry-level vehicles is a challenge for any automaker. But Tesla’s delay in pursuing the car Musk once called his dream made it much tougher because it now faces far more competition in that price range.While Tesla spent years developing its highly experimental Cybertruck, a pricey electric pickup, Chinese automakers have raced ahead on affordable EVs, grabbing market share, gaining economies of scale and offering consumers bargain prices that Western automakers are struggling to match.As Chinese EVs surged to challenge Tesla’s dominance, Musk was tending to his sprawling empire, which includes rocket-maker SpaceX, brain-chip developer Neuralink, and social media giant X, which Musk acquired in 2022. Formerly called Twitter, the platform has foundered under Musk’s volatile management, shedding most of its value as the company has lost revenue and advertisers.Plans for the affordable Tesla have been seen as key to delivering on Musk’s stratospheric ambitions for sales growth. Musk said in 2020 that Tesla aspired by 2030 to sell 20 million vehicles – twice as many as the world’s largest automaker, Toyota, sells today. With the death of the Model 2, it’s unclear how he’ll get there.Expectations for a $25,000 vehicle have underpinned Wall Street analysts’ more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.Musk has wavered on the project before. In a biography of the entrepreneur released last year, author Walter Issacson reported that Musk in 2022 “put a hold on” the entry-level EV plans, reasoning that a Tesla robotaxi would make the car irrelevant. Musk’s advisors urged him to stay the course, the book said.‘HALT ALL FURTHER ACTIVITIES’Tesla called the affordable-car project NV91 internally and H422 externally when discussing it with suppliers, according to two of the sources and company messages reviewed by Reuters.Messages from the unnamed Tesla program manager to staffers referenced those code names in discussing the project’s termination. One of those messages sent March 1 said that “suppliers should halt all further activities related to H422/NV91.”The sources said they did not know all the reasons behind the decision to kill the project.In another March 1 message, the manager thanked engineering staffers for their efforts and urged them to document what they had learned.“I’d like to thank everyone for all your hard work and dedication to pushing boundaries and executing the best design possible given the aggressive constraints we had to work within,” the message said. “We would not want all our hard work to go to waste, so it’s important that we tie things off and document things properly.”The messages showed meetings on the affordable-car project being canceled. The two sources said some engineers have been reassigned.Tesla’s timeline and business model for robotaxis remain unclear. Musk has publicly predicted a future of mobility in which driverless taxis could eventually become a more common mode of transport than human-driven cars. He has said Tesla, the world’s most valuable automaker, would be \"worth basically zero\" without achieving full self-driving capability.Currently, self-driving cars have only been approved by U.S. and Chinese regulators for tightly limited, experimental use on public roads.Tesla has yet to prove it can produce an autonomous car despite years of predictions by Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation. The automaker faces lawsuits and investigations into crashes involving its Autopilot and Full Self-Driving driver-assistance systems, which are not fully autonomous. Tesla has blamed the accidents on inattentive drivers.Tesla's Autopilot woes are among a number of problems that have drawn scrutiny. The automaker faces another investigation into the driving-range estimates of its cars, launched after Reuters reported last year that Tesla had rigged the in-dash range meters in its vehicles to give rosy projections. Reuters reported in December that the automaker blamed “driver abuse” for chronic failures of suspension and steering parts it long knew were defective.Tesla's image as a climate-friendly innovator has also suffered with Musk’s tilt toward right-wing politics and polarizing public statements, which have turned away some prospective Tesla buyers, according to surveys and experts.The automaker reported an 8% year-over-year drop in deliveries on Tuesday, just after its chief Chinese competitor, BYD, reported a 13% gain. Tesla shares dropped 5% on the news, deepening a slide of more than 40% since last July, amounting to a loss of about $400 billion in market value.Still, Tesla’s market capitalization of $545 billion is higher than the combined worth of the next three most valuable carmakers, Toyota, Porsche and Mercedes-Benz. Tesla’s stock value has long been based on future expectations for mass-market sales and driverless cars rather than its current sales and profits.RUNNING LATEThe affordable-car project’s cancellation comes as Tesla and other established automakers have been rocked by slowing EV demand growth in the United States and Europe, and cut-throat competition in China.If Tesla had moved forward with the low-cost car, it wouldn’t have arrived on the market until the latter half of 2025, by the company’s estimate. But the entry-level EV segment is already crowded with compelling models from BYD and many other Chinese brands.Tesla is late to the segment in part because of a pivotal decision by Musk. In 2020, after releasing its hit crossover, the Model Y, Tesla focused on the highly experimental Cybertruck instead of an affordable car.Musk unveiled a prototype of the angular, stainless steel-clad truck in 2019 and predicted a starting price of about $40,000. The vehicle finally arrived last year as a 2024 model. The two versions available now start at about $80,000 and $100,000. Tesla says a lower-end Cybertruck costing about $61,000 won't be ready for delivery until 2025.The company has also struggled to work through manufacturing problems, particularly with the truck's pioneering battery technology. Musk hopes to sell the vehicle in high volumes but warned investors last fall about \"enormous challenges\" ramping up production and making the vehicle profitable.\"We dug our own grave with the Cybertruck,\" he said.During the same period, BYD has seen its electric-vehicle sales soar in China, growing from about 130,000 to more than 1.5 million, not including its thriving business in plug-in hybrids or its fast-growing exports.BYD already offers a slew of low- and mid-range models, including its Seagull hatchback for less than $10,000. The Chinese automaker now plans to export that car for more than double that price - but still lower than the target for the cheap car Tesla had planned to build.","news_type":1},"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":291837076070688,"gmtCreate":1712275299497,"gmtModify":1712275303977,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Is this even news? Dow Jones, wake up!","listText":"Is this even news? Dow Jones, wake up!","text":"Is this even news? Dow Jones, wake up!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/291837076070688","repostId":"1167116722","repostType":2,"repost":{"id":"1167116722","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1712275200,"share":"https://www.laohu8.com/m/news/1167116722?lang=&edition=full","pubTime":"2024-04-05 08:00","market":"us","language":"en","title":"Musk Tweeted 52 Times After Tesla’s Delivery \"Disaster.\" Only 2 Were About the EV Maker","url":"https://stock-news.laohu8.com/highlight/detail?id=1167116722","media":"Dow Jones","summary":"Tesla is going through a mini-crisis and CEO Elon Musk seems detached. That isn’t great news for nervous investors.It’s easy to beat up on the iconoclastic CEO while his company’s stock is down and Wa","content":"<html><head></head><body><p>Tesla is going through a mini-crisis and CEO Elon Musk seems detached. That isn’t great news for nervous investors.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7b6c61264556df3436c18675bfbff66a\" alt=\"Questioning whether Tesla CEO Elon Musk is as focused on the electric vehicle maker as he should be is valid.\" title=\"Questioning whether Tesla CEO Elon Musk is as focused on the electric vehicle maker as he should be is valid.\" tg-width=\"996\" tg-height=\"686\"/><span>Questioning whether Tesla CEO Elon Musk is as focused on the electric vehicle maker as he should be is valid.</span></p><p style=\"text-align: start;\">It’s easy to beat up on the iconoclastic CEO while his company’s stock is down and Wall Street analysts are cutting estimates and downgrading shares. Still, as growth slows and market share losses accelerate, asking if Musk is as focused on Tesla as he should be is a valid question.</p><p>”While we were anticipating a bad 1Q [first quarter], this was an unmitigated disaster,” wrote Wedbush analyst Dan Ives. Tesla delivered just 387,000 units in the first quarter, down almost 9% year over year, missing the lowest Wall Street estimates by some 20,000 vehicles. The result “could be [a] turning point in [the Tesla] story if Musk does not reverse [the] trend.”</p><p>Ives is a Tesla fan. He has a $300 price target for the stock and rates it a Buy.</p><p>Musk didn’t seem all that concerned by the weak results. He spent the day after the release tweeting about anything except Tesla. <em>Barron’s</em> looked at Musk’s tweets, reposts, and replies the day following Tesla’s first-quarter delivery report on Tuesday. We counted 52 tweets. Politics, immigration, and wokeness dominate the list. X-related tweets were represented. Even tweets about Disney topped tweets about Tesla.</p><p>Tesla didn’t respond to a request for comment about <em>Barron’s</em> analysis.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cdafda9c57f40ba6d4a7d51bde82b716\" title=\"\" tg-width=\"971\" tg-height=\"681\"/></p><p>Tesla felt like an afterthought with two tweets. One was a response to a picture including a Cybertruck from Kim Kardashian. The other was a shot at Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla shareholder.</p><p style=\"text-align: start;\">“He’s such an idiot that he can’t even tell he’s an idiot,” Musk tweeted. “ BYD sales dropped by 42% from last quarter. This was a tough quarter for everyone.”</p><p style=\"text-align: start;\">Gerber was unhappy with the delivery report but said he still supports Tesla. “I backed Elon and Tesla when he needed money,” he said. “I still back Tesla.”</p><p style=\"text-align: start;\">Gerber also offered a solution for Tesla’s recent growth problem when asked about deliveries on Tuesday. “Get Elon off Twitter,” he said.</p><p>At least the Gerber tweet included a review of the delivery report. Musk’s response is flawed though. He’s correct about the sequential decline at BYD, but all electric vehicle sales grew 13% year over year. The first quarter is seasonally weak in China partly because of the Lunar New Year holiday.</p><p style=\"text-align: start;\">Tesla sales dropped 20% sequentially and about 9% year over year. Tesla sells more EVs globally than BYD ,so the Chinese market seasonality is less of an impact.</p><p style=\"text-align: start;\">What’s more, Tesla’s U.S. sales grew about 4% year over year, according to industry data reviewed by Freedom Capital Markets analyst Mike Ward. Overall, U.S. EV sales grew about 8%. Tesla lost market share.</p><p style=\"text-align: start;\">Whatever Musk thinks, no one defended the Telsa number. “Shockingly disappointing,” “unmitigated disaster,” “record” miss, “weak,” and “surprising” were terms analysts chose to describe the quarter in reports following earnings.</p><p style=\"text-align: start;\">To be sure, a one-day tweet survey doesn’t prove that Musk is distracted. The findings aren’t comforting though.</p><p style=\"text-align: start;\">Analysts and investors will have the chance to hear from Musk when the company reports first-quarter earnings on April 23.</p><p style=\"text-align: start;\">Tesla stock dropped almost 5% on Tuesday after deliveries. Coming into Thursday trading, shares were down about 32% year to date.</p><p style=\"text-align: start;\">Shares rose 1.6% on Thursday at $171.11. The S&amp;P 500 and Nasdaq Composite dropped 1.2% and 1.4%, respectively.</p><p style=\"text-align: start;\">Thursday’s gain leaves shares about 20 cents below their level just before the deliveries were reported.</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>Musk Tweeted 52 Times After Tesla’s Delivery \"Disaster.\" Only 2 Were About the EV Maker</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\">\nMusk Tweeted 52 Times After Tesla’s Delivery \"Disaster.\" Only 2 Were About the EV Maker\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\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\">2024-04-05 08:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla is going through a mini-crisis and CEO Elon Musk seems detached. That isn’t great news for nervous investors.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7b6c61264556df3436c18675bfbff66a\" alt=\"Questioning whether Tesla CEO Elon Musk is as focused on the electric vehicle maker as he should be is valid.\" title=\"Questioning whether Tesla CEO Elon Musk is as focused on the electric vehicle maker as he should be is valid.\" tg-width=\"996\" tg-height=\"686\"/><span>Questioning whether Tesla CEO Elon Musk is as focused on the electric vehicle maker as he should be is valid.</span></p><p style=\"text-align: start;\">It’s easy to beat up on the iconoclastic CEO while his company’s stock is down and Wall Street analysts are cutting estimates and downgrading shares. Still, as growth slows and market share losses accelerate, asking if Musk is as focused on Tesla as he should be is a valid question.</p><p>”While we were anticipating a bad 1Q [first quarter], this was an unmitigated disaster,” wrote Wedbush analyst Dan Ives. Tesla delivered just 387,000 units in the first quarter, down almost 9% year over year, missing the lowest Wall Street estimates by some 20,000 vehicles. The result “could be [a] turning point in [the Tesla] story if Musk does not reverse [the] trend.”</p><p>Ives is a Tesla fan. He has a $300 price target for the stock and rates it a Buy.</p><p>Musk didn’t seem all that concerned by the weak results. He spent the day after the release tweeting about anything except Tesla. <em>Barron’s</em> looked at Musk’s tweets, reposts, and replies the day following Tesla’s first-quarter delivery report on Tuesday. We counted 52 tweets. Politics, immigration, and wokeness dominate the list. X-related tweets were represented. Even tweets about Disney topped tweets about Tesla.</p><p>Tesla didn’t respond to a request for comment about <em>Barron’s</em> analysis.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cdafda9c57f40ba6d4a7d51bde82b716\" title=\"\" tg-width=\"971\" tg-height=\"681\"/></p><p>Tesla felt like an afterthought with two tweets. One was a response to a picture including a Cybertruck from Kim Kardashian. The other was a shot at Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla shareholder.</p><p style=\"text-align: start;\">“He’s such an idiot that he can’t even tell he’s an idiot,” Musk tweeted. “ BYD sales dropped by 42% from last quarter. This was a tough quarter for everyone.”</p><p style=\"text-align: start;\">Gerber was unhappy with the delivery report but said he still supports Tesla. “I backed Elon and Tesla when he needed money,” he said. “I still back Tesla.”</p><p style=\"text-align: start;\">Gerber also offered a solution for Tesla’s recent growth problem when asked about deliveries on Tuesday. “Get Elon off Twitter,” he said.</p><p>At least the Gerber tweet included a review of the delivery report. Musk’s response is flawed though. He’s correct about the sequential decline at BYD, but all electric vehicle sales grew 13% year over year. The first quarter is seasonally weak in China partly because of the Lunar New Year holiday.</p><p style=\"text-align: start;\">Tesla sales dropped 20% sequentially and about 9% year over year. Tesla sells more EVs globally than BYD ,so the Chinese market seasonality is less of an impact.</p><p style=\"text-align: start;\">What’s more, Tesla’s U.S. sales grew about 4% year over year, according to industry data reviewed by Freedom Capital Markets analyst Mike Ward. Overall, U.S. EV sales grew about 8%. Tesla lost market share.</p><p style=\"text-align: start;\">Whatever Musk thinks, no one defended the Telsa number. “Shockingly disappointing,” “unmitigated disaster,” “record” miss, “weak,” and “surprising” were terms analysts chose to describe the quarter in reports following earnings.</p><p style=\"text-align: start;\">To be sure, a one-day tweet survey doesn’t prove that Musk is distracted. The findings aren’t comforting though.</p><p style=\"text-align: start;\">Analysts and investors will have the chance to hear from Musk when the company reports first-quarter earnings on April 23.</p><p style=\"text-align: start;\">Tesla stock dropped almost 5% on Tuesday after deliveries. Coming into Thursday trading, shares were down about 32% year to date.</p><p style=\"text-align: start;\">Shares rose 1.6% on Thursday at $171.11. The S&amp;P 500 and Nasdaq Composite dropped 1.2% and 1.4%, respectively.</p><p style=\"text-align: start;\">Thursday’s gain leaves shares about 20 cents below their level just before the deliveries were reported.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167116722","content_text":"Tesla is going through a mini-crisis and CEO Elon Musk seems detached. That isn’t great news for nervous investors.Questioning whether Tesla CEO Elon Musk is as focused on the electric vehicle maker as he should be is valid.It’s easy to beat up on the iconoclastic CEO while his company’s stock is down and Wall Street analysts are cutting estimates and downgrading shares. Still, as growth slows and market share losses accelerate, asking if Musk is as focused on Tesla as he should be is a valid question.”While we were anticipating a bad 1Q [first quarter], this was an unmitigated disaster,” wrote Wedbush analyst Dan Ives. Tesla delivered just 387,000 units in the first quarter, down almost 9% year over year, missing the lowest Wall Street estimates by some 20,000 vehicles. The result “could be [a] turning point in [the Tesla] story if Musk does not reverse [the] trend.”Ives is a Tesla fan. He has a $300 price target for the stock and rates it a Buy.Musk didn’t seem all that concerned by the weak results. He spent the day after the release tweeting about anything except Tesla. Barron’s looked at Musk’s tweets, reposts, and replies the day following Tesla’s first-quarter delivery report on Tuesday. We counted 52 tweets. Politics, immigration, and wokeness dominate the list. X-related tweets were represented. Even tweets about Disney topped tweets about Tesla.Tesla didn’t respond to a request for comment about Barron’s analysis.Tesla felt like an afterthought with two tweets. One was a response to a picture including a Cybertruck from Kim Kardashian. The other was a shot at Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla shareholder.“He’s such an idiot that he can’t even tell he’s an idiot,” Musk tweeted. “ BYD sales dropped by 42% from last quarter. This was a tough quarter for everyone.”Gerber was unhappy with the delivery report but said he still supports Tesla. “I backed Elon and Tesla when he needed money,” he said. “I still back Tesla.”Gerber also offered a solution for Tesla’s recent growth problem when asked about deliveries on Tuesday. “Get Elon off Twitter,” he said.At least the Gerber tweet included a review of the delivery report. Musk’s response is flawed though. He’s correct about the sequential decline at BYD, but all electric vehicle sales grew 13% year over year. The first quarter is seasonally weak in China partly because of the Lunar New Year holiday.Tesla sales dropped 20% sequentially and about 9% year over year. Tesla sells more EVs globally than BYD ,so the Chinese market seasonality is less of an impact.What’s more, Tesla’s U.S. sales grew about 4% year over year, according to industry data reviewed by Freedom Capital Markets analyst Mike Ward. Overall, U.S. EV sales grew about 8%. Tesla lost market share.Whatever Musk thinks, no one defended the Telsa number. “Shockingly disappointing,” “unmitigated disaster,” “record” miss, “weak,” and “surprising” were terms analysts chose to describe the quarter in reports following earnings.To be sure, a one-day tweet survey doesn’t prove that Musk is distracted. The findings aren’t comforting though.Analysts and investors will have the chance to hear from Musk when the company reports first-quarter earnings on April 23.Tesla stock dropped almost 5% on Tuesday after deliveries. Coming into Thursday trading, shares were down about 32% year to date.Shares rose 1.6% on Thursday at $171.11. The S&P 500 and Nasdaq Composite dropped 1.2% and 1.4%, respectively.Thursday’s gain leaves shares about 20 cents below their level just before the deliveries were reported.","news_type":1},"isVote":1,"tweetType":1,"viewCount":43,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":291225820389432,"gmtCreate":1712125968915,"gmtModify":1712125973306,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Bloomberg shud also ask why Apple only has one iPhone product with many variants and yet Apple products are so desired?😂🤔","listText":"Bloomberg shud also ask why Apple only has one iPhone product with many variants and yet Apple products are so desired?😂🤔","text":"Bloomberg shud also ask why Apple only has one iPhone product with many variants and yet Apple products are so desired?😂🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/291225820389432","repostId":"2424833856","repostType":2,"repost":{"id":"2424833856","pubTimestamp":1712125800,"share":"https://www.laohu8.com/m/news/2424833856?lang=&edition=full","pubTime":"2024-04-03 14:30","market":"us","language":"en","title":"Tesla Also Losing Ground in China as It Disappoints Globally","url":"https://stock-news.laohu8.com/highlight/detail?id=2424833856","media":"Bloomberg","summary":"Tesla Also Losing Ground in China as It Disappoints Globally","content":"<html><head></head><body><ul style=\"\"><li><p>The US carmaker’s market share is 6.7% versus 10.5% a year ago</p></li><li><p>Tesla relies only upon two older-style models of car in China</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/40eadf0caa17a949e26dbdb608b257a5\" alt=\"A Tesla showroom in Beijing.\" title=\"A Tesla showroom in Beijing.\" tg-width=\"2000\" tg-height=\"1333\"/><span>A Tesla showroom in Beijing.</span></p><p style=\"text-align: start;\">As Tesla Inc. disappoints investors on a global scale, delivering vehicles in the first quarter well short of expectations, it’s also been slowly losing ground in China, the world’s biggest automotive market.</p><p style=\"text-align: start;\">Confronted with unprecedented local competition amid weakened consumer sentiment in Asia’s largest economy, the market share of Elon Musk’s EV maker has shrunk from 10.5% in the first quarter of 2023 to around 6.7% for the quarter ended in December, Bloomberg calculations based on data released by the country’s Passenger Car Association show.</p><p>While the PCA didn’t provide a monthly breakdown for March of local shipments versus which EVs made in Tesla’s Shanghai factory are for export, the figures for the first two months of 2024 show the US carmaker’s market share for that period was about 6.6% compared to 7.9% the same period a year ago, when Covid restrictions were just lifted.</p><p>Tesla’s sales and production are consistently backloaded in China, with the third month of each quarter the strongest for local shipments.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/94917104ef12f1b32a2021f84ce188bd\" tg-width=\"939\" tg-height=\"574\"/></p><p>Tesla, which has long labeled itself a transformer in the industry with avant-garde products and cutting-edge technologies, has, in China at least, been too comfortably relying upon two models — the Model 3 sedan and the Model Y sport utility vehicle. Both were first unveiled before 2020 and have only had minor refreshes since. Meantime, a slew of rivals, from BYD Co. to Nio Inc., Xpeng Inc., Li Auto Inc. and now smartphone maker Xiaomi Corp. have unveiling more thrilling line-ups packed with high-tech features.</p><p style=\"text-align: start;\">BYD in particular has a wide spectrum of models from its Seagull hatchback, which features angular styling, a two-tone dashboard shaped like a seagull’s wing and six airbags and retails for under $10,000 right though to its Yangwang U8 plug-in hybrid, a 1,200-horsepower luxury SUV that can float on water and make a 360-degree “tank turn” on the spot.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c4bc9a24b8e326014537d9cb68e5022e\" tg-width=\"945\" tg-height=\"822\"/></p><p>Price cuts used to be another sales booster for Tesla, one the the most successful practitioners of the direct-sales mode, a strategy that allows it to dictate the end price in line with production costs and market demand. However, Chinese automakers have proven determined to join the price war, which was kicked off by Tesla in the January 2023 and repeated at the start of this year. Many of them actually deepened their price cuts earlier this week, a likely response to Tesla’s pre-announced price hike on Monday.</p><p style=\"text-align: start;\">In addition, as is the case in many places around the world, growth in China’s EV market is slowing. Shipments of new-energy vehicles are projected to increase 25% to 11 million units this year, the PCA has said. While still expanding, that’s down from 36% in 2023 and 96% in 2022.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b3945cdef71ac633e0ec37ee53031310\" alt=\"Tesla’s factory in Shanghai.\" title=\"Tesla’s factory in Shanghai.\" tg-width=\"3900\" tg-height=\"2600\"/><span>Tesla’s factory in Shanghai.</span></p><p>Tesla was therefore forced to trim production from its Shanghai factory, Bloomberg reported late last month. Tesla shipments from its Shanghai plant, which makes EVs for China as well as for export to other parts of Asia and Europe, recorded a decline in the first two months of 2024 from the same period a year ago while overall passenger vehicle sales in China increased.</p><p>The PCA said Tuesday that Tesla delivered an estimated 89,064 vehicles in China in March, up from 60,365 in February — which was the lowest since December 2022 — and broadly in line with 88,869 in March 2023.</p><p style=\"text-align: start;\">Globally, Tesla said it delivered 386,810 vehicles in the first three months of the year, missing Bloomberg’s average estimate by the biggest margin ever in data going back seven years.</p><p style=\"text-align: start;\">“It’s been an epic disaster, not just in terms of the delivery number, but the strategy,” Wedbush Securities Inc. analyst Dan Ives said in an interview with Bloomberg TV on Wednesday in Asia. “This is probably one of the most challenging periods for Musk and Tesla in the last four or five years.”</p></body></html>","source":"lsy1584095487587","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 Also Losing Ground in China as It Disappoints Globally</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{ 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}\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 Also Losing Ground in China as It Disappoints Globally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-03 14:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-03/tesla-also-losing-ground-in-china-as-it-disappoints-globally?srnd=homepage-americas><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The US carmaker’s market share is 6.7% versus 10.5% a year agoTesla relies only upon two older-style models of car in ChinaA Tesla showroom in Beijing.As Tesla Inc. disappoints investors on a global ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-03/tesla-also-losing-ground-in-china-as-it-disappoints-globally?srnd=homepage-americas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) 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ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4527":"明星科技股","BK4588":"碎股","BK4550":"红杉资本持仓","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC"},"source_url":"https://www.bloomberg.com/news/articles/2024-04-03/tesla-also-losing-ground-in-china-as-it-disappoints-globally?srnd=homepage-americas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2424833856","content_text":"The US carmaker’s market share is 6.7% versus 10.5% a year agoTesla relies only upon two older-style models of car in ChinaA Tesla showroom in Beijing.As Tesla Inc. disappoints investors on a global scale, delivering vehicles in the first quarter well short of expectations, it’s also been slowly losing ground in China, the world’s biggest automotive market.Confronted with unprecedented local competition amid weakened consumer sentiment in Asia’s largest economy, the market share of Elon Musk’s EV maker has shrunk from 10.5% in the first quarter of 2023 to around 6.7% for the quarter ended in December, Bloomberg calculations based on data released by the country’s Passenger Car Association show.While the PCA didn’t provide a monthly breakdown for March of local shipments versus which EVs made in Tesla’s Shanghai factory are for export, the figures for the first two months of 2024 show the US carmaker’s market share for that period was about 6.6% compared to 7.9% the same period a year ago, when Covid restrictions were just lifted.Tesla’s sales and production are consistently backloaded in China, with the third month of each quarter the strongest for local shipments.Tesla, which has long labeled itself a transformer in the industry with avant-garde products and cutting-edge technologies, has, in China at least, been too comfortably relying upon two models — the Model 3 sedan and the Model Y sport utility vehicle. Both were first unveiled before 2020 and have only had minor refreshes since. Meantime, a slew of rivals, from BYD Co. to Nio Inc., Xpeng Inc., Li Auto Inc. and now smartphone maker Xiaomi Corp. have unveiling more thrilling line-ups packed with high-tech features.BYD in particular has a wide spectrum of models from its Seagull hatchback, which features angular styling, a two-tone dashboard shaped like a seagull’s wing and six airbags and retails for under $10,000 right though to its Yangwang U8 plug-in hybrid, a 1,200-horsepower luxury SUV that can float on water and make a 360-degree “tank turn” on the spot.Price cuts used to be another sales booster for Tesla, one the the most successful practitioners of the direct-sales mode, a strategy that allows it to dictate the end price in line with production costs and market demand. However, Chinese automakers have proven determined to join the price war, which was kicked off by Tesla in the January 2023 and repeated at the start of this year. Many of them actually deepened their price cuts earlier this week, a likely response to Tesla’s pre-announced price hike on Monday.In addition, as is the case in many places around the world, growth in China’s EV market is slowing. Shipments of new-energy vehicles are projected to increase 25% to 11 million units this year, the PCA has said. While still expanding, that’s down from 36% in 2023 and 96% in 2022.Tesla’s factory in Shanghai.Tesla was therefore forced to trim production from its Shanghai factory, Bloomberg reported late last month. Tesla shipments from its Shanghai plant, which makes EVs for China as well as for export to other parts of Asia and Europe, recorded a decline in the first two months of 2024 from the same period a year ago while overall passenger vehicle sales in China increased.The PCA said Tuesday that Tesla delivered an estimated 89,064 vehicles in China in March, up from 60,365 in February — which was the lowest since December 2022 — and broadly in line with 88,869 in March 2023.Globally, Tesla said it delivered 386,810 vehicles in the first three months of the year, missing Bloomberg’s average estimate by the biggest margin ever in data going back seven years.“It’s been an epic disaster, not just in terms of the delivery number, but the strategy,” Wedbush Securities Inc. analyst Dan Ives said in an interview with Bloomberg TV on Wednesday in Asia. “This is probably one of the most challenging periods for Musk and Tesla in the last four or five years.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":289631453503752,"gmtCreate":1711717350092,"gmtModify":1711717354665,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Another Tesla hating msm. Don't think Tesla should ever advertise with Yahoo.","listText":"Another Tesla hating msm. Don't think Tesla should ever advertise with Yahoo.","text":"Another Tesla hating msm. Don't think Tesla should ever advertise with Yahoo.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/289631453503752","repostId":"2423245654","repostType":2,"repost":{"id":"2423245654","pubTimestamp":1711717200,"share":"https://www.laohu8.com/m/news/2423245654?lang=&edition=full","pubTime":"2024-03-29 21:00","market":"us","language":"en","title":"Tesla's Q1 to Forget: Poor Guidance, China Woes, and Musk Antics Hit EV Maker's Stock Hard","url":"https://stock-news.laohu8.com/highlight/detail?id=2423245654","media":"Yahoo Finance","summary":"Tesla stock slides nearly 30% in Q1, making it the worst performer in the S&P 500.","content":"<html><head></head><body><p>It&#39;s been a very trying first quarter for Tesla shareholders and fans of the EV giant. </p><p>Through Thursday, the last trading day of the first quarter, Tesla stock is down a whopping 29.3%, making it the worst-performing stock in the S&amp;P 500. Meanwhile, the S&amp;P 500 is actually up 10.2%, its best first quarter since 2019.</p><p>For Tesla, a combination of poor guidance, a tough selling environment in China, and more drama from CEO Elon Musk led the EV maker, which topped $750 billion in market cap to start the year, to shed over $200 billion of that since Jan. 1.</p><p>Here’s how it all went down.</p><h2 id=\"id_3796284241\">A warning to start the quarter</h2><p>The first quarter started off fine for Tesla, when the EV juggernaut reported Q4 deliveries hit a record 485K, with its full-year 2023 total of 1.8 million also meeting estimates.</p><p>But that may be the high-water mark for Tesla, at least for the time being.</p><p>In its Q4 earnings report released in late January, Tesla said its &#34;vehicle volume growth rate may be notably lower than the growth rate achieved in 2023,&#34; indicating it would not reach Street estimates of 2.19 million for 2024. Tesla also saw its automotive profit margin dip following steep price cuts.</p><p>Morgan Stanley’s Adam Jonas, one of the biggest Tesla bulls on Wall Street, was not impressed by the lowered guidance and the lack of real commentary given to explain it. “I still struggle to think of another company which provided such scant level of details on the forward-year outlook,” Jonas said in a note to investors. “Our team is left with the impression that either (a) visibility is poor or (b) there are downside risks in the broader EV market outside of Tesla’s control.”</p><p>Part of that forward guidance, at least in the long term, revolved around Tesla’s yet-to-be-named next-generation vehicle, which Tesla said would impact growth. Though Tesla said its plan is to get the vehicle to market as soon as possible, with production slated for Giga Austin, Tesla revealed the vehicle would only hit production in the second half of 2025.</p><p>Tesla has blown its own external timelines in the past — for example, the Cybertruck debuted in 2019 but only went into production in Q4 of last year. Many people are concerned the next-gen vehicle, which could potentially unlock large growth and margin gains, won’t come soon enough.</p><h2 id=\"id_3768437732\">China concerns growing</h2><p>Tesla’s troubles in China began almost immediately in the new year.</p><p>In early January, Tesla announced steep price cuts for its cheapest models in the country, with the Model 3 price dropping by 5.9% and the Model Y by 2.8%. This was a repeat of what happened the prior year, when Tesla and Chinese rivals like BYD, Li Auto, and XPeng engaged in a price war that even alarmed the Chinese government.</p><p>But price cuts didn’t seem to help sales improve compared to a year ago. Tesla reported 60,365 vehicle shipments from its Giga Shanghai factory in February, according to China’s Passenger Car Association. The February shipments represent a 19% drop from a year ago and the lowest shipment total since December 2022.</p><p>The situation did not improve in March either. “While NEVs [New Energy Vehicles, such as EVs and plug-ins] specifically were up 39.6% YoY and up 7.4% [week over week for March 17],” Deutsche Bank’s Emmanuel Rosner said in a note to clients, “Tesla was down 35% YoY and down 8% WoW.”</p><p>With sales clearly slipping, Tesla reportedly decided its ultraefficient Giga Shanghai factory would produce fewer vehicles. Last week, sources told Bloomberg that Tesla cut production at the plant by having employees work five days instead of the usual six and a half. </p><p>“Tesla’s Shanghai plant, at its peak, was producing at a rate of more than 1 million units a year and the local market couldn’t absorb all of that,” auto manufacturing expert Sam Fiorani of AutoForecast Solutions told Yahoo Finance. “Exports took up some of the excess, but reducing output by as much as 20% will help to align supply and demand.”</p><h2 id=\"id_4126126061\">Musk threatens Tesla for more pay and control</h2><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e6ef91fe6ec2a2f982f54c3dc797e7ba\" title=\" Tesla CEO Elon Musk\" tg-width=\"2961\" tg-height=\"2000\"/><span> Tesla CEO Elon Musk</span></p><p>If poor guidance, lack of clarity, and trouble in China weren&#39;t enough, CEO Elon Musk’s antics during the quarter did not help.</p><p>Case in point were Musk’s comments on artificial intelligence. Musk warned in mid-January that he would need to secure greater control of Tesla if the company&#39;s wide-reaching AI ambitions are going to be met.</p><p>&#34;I am uncomfortable growing Tesla to be a leader in AI &amp; robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned,&#34; Musk said from his X account. &#34;Unless that is the case, I would prefer to build products outside of Tesla.&#34;</p><p>Tesla stock fell after those comments, with investors concerned Musk may hive off Tesla’s AI unit into a separate entity. Plus, Musk was essentially demanding a king’s ransom for keeping AI operations as is.</p><p>&#34;The Street views Tesla correctly (in our view) as a disruptive tech leader, and if Musk ultimately went down the path to create his own company (separate from Tesla) for his next generation AI projects this would clearly be a big negative for the Tesla story,” Wedbush analyst Dan Ives wrote in a note at the time.</p><p>Part and parcel to this demand for more stock is the ongoing litigation surrounding Musk’s current $56 billion pay package, awarded to him by the Tesla board in 2018. The CEO&#39;s pay package, which covered 10 years, gave him stock grants worth around 1% of Tesla&#39;s equity each time the company achieved one of 12 milestones — essentially whenever Tesla&#39;s market value rose by $50 billion. </p><p>In late January, a Delaware judge invalidated Musk’s pay package, finding that Tesla&#39;s directors had breached their fiduciary duty when they awarded Musk the largest compensation ever granted to an executive at a public company.</p><p>&#34;Investors in Tesla will need to consider if the Tesla board can fulfill its fiduciary responsibilities if it is beholden to its CEO over the general interest of shareholders,&#34; said William Klepper, corporate governance expert and adjunct professor at Columbia Business School.</p><p>Tesla investors will be watching next week&#39;s Q1 delivery report, hoping an upside surprise can shake off a miserable quarter. </p></body></html>","source":"yahoofinance_sg","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's Q1 to Forget: Poor Guidance, China Woes, and Musk Antics Hit EV Maker's Stock Hard</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; 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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's Q1 to Forget: Poor Guidance, China Woes, and Musk Antics Hit EV Maker's Stock Hard\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-29 21:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/teslas-q1-to-forget-poor-guidance-china-woes-and-musk-antics-hit-ev-makers-stock-hard-100100922.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's been a very trying first quarter for Tesla shareholders and fans of the EV giant. Through Thursday, the last trading day of the first quarter, Tesla stock is down a whopping 29.3%, making it the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/teslas-q1-to-forget-poor-guidance-china-woes-and-musk-antics-hit-ev-makers-stock-hard-100100922.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","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","BK4574":"无人驾驶","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4551":"寇图资本持仓","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","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4581":"高盛持仓","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4588":"碎股","BK4511":"特斯拉概念","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4548":"巴美列捷福持仓","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","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-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","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","BK4592":"伊斯兰概念","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","TSLA":"特斯拉","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","BK4527":"明星科技股","LU0823414478.USD":"法巴经典能源转换基金"},"source_url":"https://finance.yahoo.com/news/teslas-q1-to-forget-poor-guidance-china-woes-and-musk-antics-hit-ev-makers-stock-hard-100100922.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2423245654","content_text":"It's been a very trying first quarter for Tesla shareholders and fans of the EV giant. Through Thursday, the last trading day of the first quarter, Tesla stock is down a whopping 29.3%, making it the worst-performing stock in the S&P 500. Meanwhile, the S&P 500 is actually up 10.2%, its best first quarter since 2019.For Tesla, a combination of poor guidance, a tough selling environment in China, and more drama from CEO Elon Musk led the EV maker, which topped $750 billion in market cap to start the year, to shed over $200 billion of that since Jan. 1.Here’s how it all went down.A warning to start the quarterThe first quarter started off fine for Tesla, when the EV juggernaut reported Q4 deliveries hit a record 485K, with its full-year 2023 total of 1.8 million also meeting estimates.But that may be the high-water mark for Tesla, at least for the time being.In its Q4 earnings report released in late January, Tesla said its \"vehicle volume growth rate may be notably lower than the growth rate achieved in 2023,\" indicating it would not reach Street estimates of 2.19 million for 2024. Tesla also saw its automotive profit margin dip following steep price cuts.Morgan Stanley’s Adam Jonas, one of the biggest Tesla bulls on Wall Street, was not impressed by the lowered guidance and the lack of real commentary given to explain it. “I still struggle to think of another company which provided such scant level of details on the forward-year outlook,” Jonas said in a note to investors. “Our team is left with the impression that either (a) visibility is poor or (b) there are downside risks in the broader EV market outside of Tesla’s control.”Part of that forward guidance, at least in the long term, revolved around Tesla’s yet-to-be-named next-generation vehicle, which Tesla said would impact growth. Though Tesla said its plan is to get the vehicle to market as soon as possible, with production slated for Giga Austin, Tesla revealed the vehicle would only hit production in the second half of 2025.Tesla has blown its own external timelines in the past — for example, the Cybertruck debuted in 2019 but only went into production in Q4 of last year. Many people are concerned the next-gen vehicle, which could potentially unlock large growth and margin gains, won’t come soon enough.China concerns growingTesla’s troubles in China began almost immediately in the new year.In early January, Tesla announced steep price cuts for its cheapest models in the country, with the Model 3 price dropping by 5.9% and the Model Y by 2.8%. This was a repeat of what happened the prior year, when Tesla and Chinese rivals like BYD, Li Auto, and XPeng engaged in a price war that even alarmed the Chinese government.But price cuts didn’t seem to help sales improve compared to a year ago. Tesla reported 60,365 vehicle shipments from its Giga Shanghai factory in February, according to China’s Passenger Car Association. The February shipments represent a 19% drop from a year ago and the lowest shipment total since December 2022.The situation did not improve in March either. “While NEVs [New Energy Vehicles, such as EVs and plug-ins] specifically were up 39.6% YoY and up 7.4% [week over week for March 17],” Deutsche Bank’s Emmanuel Rosner said in a note to clients, “Tesla was down 35% YoY and down 8% WoW.”With sales clearly slipping, Tesla reportedly decided its ultraefficient Giga Shanghai factory would produce fewer vehicles. Last week, sources told Bloomberg that Tesla cut production at the plant by having employees work five days instead of the usual six and a half. “Tesla’s Shanghai plant, at its peak, was producing at a rate of more than 1 million units a year and the local market couldn’t absorb all of that,” auto manufacturing expert Sam Fiorani of AutoForecast Solutions told Yahoo Finance. “Exports took up some of the excess, but reducing output by as much as 20% will help to align supply and demand.”Musk threatens Tesla for more pay and control Tesla CEO Elon MuskIf poor guidance, lack of clarity, and trouble in China weren't enough, CEO Elon Musk’s antics during the quarter did not help.Case in point were Musk’s comments on artificial intelligence. Musk warned in mid-January that he would need to secure greater control of Tesla if the company's wide-reaching AI ambitions are going to be met.\"I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned,\" Musk said from his X account. \"Unless that is the case, I would prefer to build products outside of Tesla.\"Tesla stock fell after those comments, with investors concerned Musk may hive off Tesla’s AI unit into a separate entity. Plus, Musk was essentially demanding a king’s ransom for keeping AI operations as is.\"The Street views Tesla correctly (in our view) as a disruptive tech leader, and if Musk ultimately went down the path to create his own company (separate from Tesla) for his next generation AI projects this would clearly be a big negative for the Tesla story,” Wedbush analyst Dan Ives wrote in a note at the time.Part and parcel to this demand for more stock is the ongoing litigation surrounding Musk’s current $56 billion pay package, awarded to him by the Tesla board in 2018. The CEO's pay package, which covered 10 years, gave him stock grants worth around 1% of Tesla's equity each time the company achieved one of 12 milestones — essentially whenever Tesla's market value rose by $50 billion. In late January, a Delaware judge invalidated Musk’s pay package, finding that Tesla's directors had breached their fiduciary duty when they awarded Musk the largest compensation ever granted to an executive at a public company.\"Investors in Tesla will need to consider if the Tesla board can fulfill its fiduciary responsibilities if it is beholden to its CEO over the general interest of shareholders,\" said William Klepper, corporate governance expert and adjunct professor at Columbia Business School.Tesla investors will be watching next week's Q1 delivery report, hoping an upside surprise can shake off a miserable quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":288846151504000,"gmtCreate":1711543538159,"gmtModify":1711545288338,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"😂idiots","listText":"😂idiots","text":"😂idiots","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/288846151504000","repostId":"1110157792","repostType":2,"repost":{"id":"1110157792","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1711543500,"share":"https://www.laohu8.com/m/news/1110157792?lang=&edition=full","pubTime":"2024-03-27 20:45","market":"us","language":"en","title":"Citigroup Cuts Tesla Price Target to $196 From $224","url":"https://stock-news.laohu8.com/highlight/detail?id=1110157792","media":"Tiger Newspress","summary":"Citi thinks there’s not much upside potential for Tesla ahead of the release of its Q1 production and delivery numbers.As a result, the firm lowered its price target on shares to $196 from $224. This suggests shares rising 10.3% from Tuesday’s close. Analyst Itay Michaeli also retained his neutral rating on the stock.“While buy-side Q1 delivery estimates  sit well-below the sell-side consensus , the setup remains challenging with street estimates still looking too high, not only for 2024 but als","content":"<html><head></head><body><p>Citi thinks there’s not much upside potential for Tesla ahead of the release of its Q1 production and delivery numbers.</p><p style=\"text-align: start;\">As a result, the firm lowered its price target on shares to $196 from $224. This suggests shares rising 10.3% from Tuesday’s close. Analyst Itay Michaeli also retained his neutral rating on the stock.</p><p style=\"text-align: start;\">“While buy-side Q1 delivery estimates (we believe in the low 400s range) sit well-below the sell-side consensus (460-470k, but coming down), the setup remains challenging with street estimates still looking too high, not only for 2024 but also 2025,” Michaeli wrote in a Tuesday note. “Given recent datapoints and the heavy reliance on March, we see somewhat more downside than upside potential to our numbers.</p><p style=\"text-align: start;\">Year to date, Tesla shares have slumped 28.5% as the company struggles with weak EV demand and increased competition in the market.</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>Citigroup Cuts Tesla Price Target to $196 From $224</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\">\nCitigroup Cuts Tesla Price Target to $196 From $224\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-03-27 20:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Citi thinks there’s not much upside potential for Tesla ahead of the release of its Q1 production and delivery numbers.</p><p style=\"text-align: start;\">As a result, the firm lowered its price target on shares to $196 from $224. This suggests shares rising 10.3% from Tuesday’s close. Analyst Itay Michaeli also retained his neutral rating on the stock.</p><p style=\"text-align: start;\">“While buy-side Q1 delivery estimates (we believe in the low 400s range) sit well-below the sell-side consensus (460-470k, but coming down), the setup remains challenging with street estimates still looking too high, not only for 2024 but also 2025,” Michaeli wrote in a Tuesday note. “Given recent datapoints and the heavy reliance on March, we see somewhat more downside than upside potential to our numbers.</p><p style=\"text-align: start;\">Year to date, Tesla shares have slumped 28.5% as the company struggles with weak EV demand and increased competition in the market.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110157792","content_text":"Citi thinks there’s not much upside potential for Tesla ahead of the release of its Q1 production and delivery numbers.As a result, the firm lowered its price target on shares to $196 from $224. This suggests shares rising 10.3% from Tuesday’s close. Analyst Itay Michaeli also retained his neutral rating on the stock.“While buy-side Q1 delivery estimates (we believe in the low 400s range) sit well-below the sell-side consensus (460-470k, but coming down), the setup remains challenging with street estimates still looking too high, not only for 2024 but also 2025,” Michaeli wrote in a Tuesday note. “Given recent datapoints and the heavy reliance on March, we see somewhat more downside than upside potential to our numbers.Year to date, Tesla shares have slumped 28.5% as the company struggles with weak EV demand and increased competition in the market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":288791073771656,"gmtCreate":1711530090519,"gmtModify":1711530094688,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Dow Jones continues to propagate FUD","listText":"Dow Jones continues to propagate FUD","text":"Dow Jones continues to propagate FUD","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/288791073771656","repostId":"2422015644","repostType":2,"repost":{"id":"2422015644","weMediaInfo":{"introduction":"Dow 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":1711530000,"share":"https://www.laohu8.com/m/news/2422015644?lang=&edition=full","pubTime":"2024-03-27 17:00","market":"us","language":"en","title":"What's Behind Tesla's Stock Rally? A Short Test Drive","url":"https://stock-news.laohu8.com/highlight/detail?id=2422015644","media":"Dow Jones","summary":"Free FSD and demo drive boost Tesla stockTesla’s FSD is both revenue stream and constant headache for the EV maker.Tesla Inc. shares jumped 2.9% on Tuesday on hopes that a new sales tactic would appea","content":"<html><head></head><body><p>Free FSD and demo drive boost Tesla stock</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bbdf5eeeec0aacea6b6ba8dc85cd8a69\" alt=\"Tesla’s FSD is both revenue stream and constant headache for the EV maker.\" title=\"Tesla’s FSD is both revenue stream and constant headache for the EV maker.\" tg-width=\"923\" tg-height=\"617\"/><span>Tesla’s FSD is both revenue stream and constant headache for the EV maker.</span></p><p>Tesla Inc. shares jumped 2.9% on Tuesday on hopes that a new sales tactic would appease regulators probing the EV maker&#39;s driver-assistance system. The shares gained another 1% in premarket trading Wednesday.</p><p>Chief Executive Elon Musk has directed employees to take customers on a &#34;short test ride&#34; to familiarize the new Tesla owners with Full Self Driving (FSD), Tesla&#39;s suite of advanced driver-assistance systems (ADAS) for city driving. Tesla is also giving FSD for free for a month.</p><p>That will slow down Tesla deliveries, but it&#39;s a &#34;hard requirement,&#34; Musk said in a memo to employees leaked earlier this week.</p><p>That free FSD trial is &#34;an opportunity to sell more FSD software subscriptions, which we think is an extremely high-margin revenue stream and should raise consumer awareness of the proprietary offering and help distinguish Tesla from other brands,&#34; CFRA analyst Garrett Nelson said.</p><p>And, perhaps more importantly, the mandatory test drive &#34;should help appease the concerns of regulators amid an ongoing NHTSA investigation into the technology.&#34;</p><p>Numerous probes from U.S. regulators and lawsuits revolve around FSD and Autopilot, Tesla&#39;s ADAS for highway driving. Tesla charges $6,000 for what it calls &#34;Enhanced Autopilot,&#34; and $12,000 for FSD.</p><p>Tesla is expected to report its first-quarter deliveries, its proxy for sales, in early April. FactSet consensus calls for the sale of 471,000 EVs, which would compare with 423,000 EVs delivered in the first quarter of 2023.</p><p>Other news helping Tesla stock include the disclosure that high-profile investor Cathie Wood&#39;s Ark Invest funds bought more Tesla shares on Monday. Tesla has been a favorite investment for Wood for months.</p><p>Tesla shares are up nearly 4% over the past week, though the stock has posted a 28% decline so far this year, which contrasts with gains of about 9% for the S&amp;P 500 index SPX in the same period. In the past 12 months, Tesla stock is down nearly 6%, versus a 32% advance for the S&amp;P 500.</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>What's Behind Tesla's Stock Rally? A Short Test Drive</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\">\nWhat's Behind Tesla's Stock Rally? A Short Test Drive\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\">2024-03-27 17:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Free FSD and demo drive boost Tesla stock</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bbdf5eeeec0aacea6b6ba8dc85cd8a69\" alt=\"Tesla’s FSD is both revenue stream and constant headache for the EV maker.\" title=\"Tesla’s FSD is both revenue stream and constant headache for the EV maker.\" tg-width=\"923\" tg-height=\"617\"/><span>Tesla’s FSD is both revenue stream and constant headache for the EV maker.</span></p><p>Tesla Inc. shares jumped 2.9% on Tuesday on hopes that a new sales tactic would appease regulators probing the EV maker&#39;s driver-assistance system. The shares gained another 1% in premarket trading Wednesday.</p><p>Chief Executive Elon Musk has directed employees to take customers on a &#34;short test ride&#34; to familiarize the new Tesla owners with Full Self Driving (FSD), Tesla&#39;s suite of advanced driver-assistance systems (ADAS) for city driving. Tesla is also giving FSD for free for a month.</p><p>That will slow down Tesla deliveries, but it&#39;s a &#34;hard requirement,&#34; Musk said in a memo to employees leaked earlier this week.</p><p>That free FSD trial is &#34;an opportunity to sell more FSD software subscriptions, which we think is an extremely high-margin revenue stream and should raise consumer awareness of the proprietary offering and help distinguish Tesla from other brands,&#34; CFRA analyst Garrett Nelson said.</p><p>And, perhaps more importantly, the mandatory test drive &#34;should help appease the concerns of regulators amid an ongoing NHTSA investigation into the technology.&#34;</p><p>Numerous probes from U.S. regulators and lawsuits revolve around FSD and Autopilot, Tesla&#39;s ADAS for highway driving. Tesla charges $6,000 for what it calls &#34;Enhanced Autopilot,&#34; and $12,000 for FSD.</p><p>Tesla is expected to report its first-quarter deliveries, its proxy for sales, in early April. FactSet consensus calls for the sale of 471,000 EVs, which would compare with 423,000 EVs delivered in the first quarter of 2023.</p><p>Other news helping Tesla stock include the disclosure that high-profile investor Cathie Wood&#39;s Ark Invest funds bought more Tesla shares on Monday. Tesla has been a favorite investment for Wood for months.</p><p>Tesla shares are up nearly 4% over the past week, though the stock has posted a 28% decline so far this year, which contrasts with gains of about 9% for the S&amp;P 500 index SPX in the same period. In the past 12 months, Tesla stock is down nearly 6%, versus a 32% advance for the S&amp;P 500.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4551":"寇图资本持仓","BK4574":"无人驾驶","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0823414478.USD":"法巴经典能源转换基金","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","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","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4581":"高盛持仓","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4099":"汽车制造商","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4511":"特斯拉概念","TSLA":"特斯拉","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4548":"巴美列捷福持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4592":"伊斯兰概念","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","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","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","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)","BK4555":"新能源车","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4527":"明星科技股","LU2063271972.USD":"富兰克林创新领域基金","BK4550":"红杉资本持仓","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2422015644","content_text":"Free FSD and demo drive boost Tesla stockTesla’s FSD is both revenue stream and constant headache for the EV maker.Tesla Inc. shares jumped 2.9% on Tuesday on hopes that a new sales tactic would appease regulators probing the EV maker's driver-assistance system. The shares gained another 1% in premarket trading Wednesday.Chief Executive Elon Musk has directed employees to take customers on a \"short test ride\" to familiarize the new Tesla owners with Full Self Driving (FSD), Tesla's suite of advanced driver-assistance systems (ADAS) for city driving. Tesla is also giving FSD for free for a month.That will slow down Tesla deliveries, but it's a \"hard requirement,\" Musk said in a memo to employees leaked earlier this week.That free FSD trial is \"an opportunity to sell more FSD software subscriptions, which we think is an extremely high-margin revenue stream and should raise consumer awareness of the proprietary offering and help distinguish Tesla from other brands,\" CFRA analyst Garrett Nelson said.And, perhaps more importantly, the mandatory test drive \"should help appease the concerns of regulators amid an ongoing NHTSA investigation into the technology.\"Numerous probes from U.S. regulators and lawsuits revolve around FSD and Autopilot, Tesla's ADAS for highway driving. Tesla charges $6,000 for what it calls \"Enhanced Autopilot,\" and $12,000 for FSD.Tesla is expected to report its first-quarter deliveries, its proxy for sales, in early April. FactSet consensus calls for the sale of 471,000 EVs, which would compare with 423,000 EVs delivered in the first quarter of 2023.Other news helping Tesla stock include the disclosure that high-profile investor Cathie Wood's Ark Invest funds bought more Tesla shares on Monday. Tesla has been a favorite investment for Wood for months.Tesla shares are up nearly 4% over the past week, though the stock has posted a 28% decline so far this year, which contrasts with gains of about 9% for the S&P 500 index SPX in the same period. In the past 12 months, Tesla stock is down nearly 6%, versus a 32% advance for the S&P 500.","news_type":1},"isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":288455005274384,"gmtCreate":1711456232569,"gmtModify":1711461160675,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"😂Fong idiot","listText":"😂Fong idiot","text":"😂Fong idiot","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/288455005274384","repostId":"1177077708","repostType":2,"repost":{"id":"1177077708","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1711455405,"share":"https://www.laohu8.com/m/news/1177077708?lang=&edition=full","pubTime":"2024-03-26 20:16","market":"us","language":"en","title":"Bernstein Cuts Tesla Price Target to $120 From $150","url":"https://stock-news.laohu8.com/highlight/detail?id=1177077708","media":"Tiger Newspress","summary":"Longtime Tesla bear Toni Sacconaghi lowered his price target on the EV maker to $120 from $150, citing growing demand constraints. The new forecast implies downside of 30% over the next 12 months.“Quarter to date, Tesla has experienced soft China/Europe demand and constrained US Model 3 production,” the Bernstein analyst wrote, reiterating his underperform rating and lowering his first-quarter and full-year deliveries estimates.“Despite the stock’s underperformance YTD, we struggle to see a cata","content":"<html><head></head><body><p>Longtime Tesla bear Toni Sacconaghi lowered his price target on the EV maker to $120 from $150, citing growing demand constraints. The new forecast implies downside of 30% over the next 12 months.</p><p style=\"text-align: start;\">“Quarter to date, Tesla has experienced soft China/Europe demand and constrained US Model 3 production,” the Bernstein analyst wrote, reiterating his underperform rating and lowering his first-quarter and full-year deliveries estimates.</p><p style=\"text-align: start;\">“Despite the stock’s underperformance YTD, we struggle to see a catalyst for TSLA. We expect tepid growth in 2024, as well as 2025, bringing into question the company’s growth narrative,” Sacconaghi wrote.</p><p style=\"text-align: start;\">Tesla has lost 30.5% in 2024, making it the worst-performing S&amp;P 500 stock. To be sure, shares were up more than 3% in the premarket.</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>Bernstein Cuts Tesla Price Target to $120 From $150</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\">\nBernstein Cuts Tesla Price Target to $120 From $150\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-03-26 20:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Longtime Tesla bear Toni Sacconaghi lowered his price target on the EV maker to $120 from $150, citing growing demand constraints. The new forecast implies downside of 30% over the next 12 months.</p><p style=\"text-align: start;\">“Quarter to date, Tesla has experienced soft China/Europe demand and constrained US Model 3 production,” the Bernstein analyst wrote, reiterating his underperform rating and lowering his first-quarter and full-year deliveries estimates.</p><p style=\"text-align: start;\">“Despite the stock’s underperformance YTD, we struggle to see a catalyst for TSLA. We expect tepid growth in 2024, as well as 2025, bringing into question the company’s growth narrative,” Sacconaghi wrote.</p><p style=\"text-align: start;\">Tesla has lost 30.5% in 2024, making it the worst-performing S&amp;P 500 stock. To be sure, shares were up more than 3% in the premarket.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177077708","content_text":"Longtime Tesla bear Toni Sacconaghi lowered his price target on the EV maker to $120 from $150, citing growing demand constraints. The new forecast implies downside of 30% over the next 12 months.“Quarter to date, Tesla has experienced soft China/Europe demand and constrained US Model 3 production,” the Bernstein analyst wrote, reiterating his underperform rating and lowering his first-quarter and full-year deliveries estimates.“Despite the stock’s underperformance YTD, we struggle to see a catalyst for TSLA. We expect tepid growth in 2024, as well as 2025, bringing into question the company’s growth narrative,” Sacconaghi wrote.Tesla has lost 30.5% in 2024, making it the worst-performing S&P 500 stock. To be sure, shares were up more than 3% in the premarket.","news_type":1},"isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":288470647132416,"gmtCreate":1711437863568,"gmtModify":1711438906229,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"This Reuter will turn any bullish news on Tesla into bearish shit😂😡","listText":"This Reuter will turn any bullish news on Tesla into bearish shit😂😡","text":"This Reuter will turn any bullish news on Tesla into bearish shit😂😡","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/288470647132416","repostId":"2422663297","repostType":2,"repost":{"id":"2422663297","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1711435941,"share":"https://www.laohu8.com/m/news/2422663297?lang=&edition=full","pubTime":"2024-03-26 14:52","market":"us","language":"en","title":"Tesla to Give One Month Driver-Assist Technology Trial for Customers","url":"https://stock-news.laohu8.com/highlight/detail?id=2422663297","media":"Reuters","summary":"By Hyunjoo Jin and Jyoti Narayan      March 26 (Reuters) - Tesla    will give a one-month trial of its driver-assist technology Full Self-Driving (FSD) to existing and new customers in the United Stat","content":"<html><head></head><body><p>March 26 (Reuters) - Tesla will give a one-month trial of its driver-assist technology Full Self-Driving <a href=\"https://laohu8.com/S/FSD\">$(FSD)$</a> to existing and new customers in the United States, according to Tesla CEO Elon Musk and the company&#39;s website.</p><p>Musk also is requiring Tesla staff to give demonstrations of FSD to new buyers and owners of serviced vehicles, according to two emails verified by a Tesla source.</p><p>The move comes as Tesla sales and margins are under pressure because of price competition and softening demand. FSD is an add-on priced at $12,000, enabling vehicles to navigate city streets.</p><p>Tesla calls its driver-assisting systems Autopilot and Full Self-Driving, but says the features do not make its vehicles autonomous and require active driver supervision. Musk has for years missed his promise of achieving full autonomy, and Tesla&#39;s driver assistant software is under regulatory scrutiny over safety and marketing.</p><p>&#34;All US cars that are capable of FSD will be enabled for a one month trial this week,&#34; Tesla CEO Elon Musk confirmed in a post on social media platform X on Monday.</p><p>The trial has been offered on new sales of Tesla models X, S, and Y, according to Tesla&#39;s website.</p><p>Tesla&#39;s margins have been hurt by a price war with rivals that started more than a year ago. In January, Tesla warned of &#34;notably lower&#34; sales growth this year as it focuses on the production of its next-generation EV, which is code-named &#34;Redwood.&#34;</p><p>The company is also dealing with a rise in regulatory scrutiny of its self-driving systems and other areas in the United States and in some European countries. In December, Tesla recalled nearly all of its 2 million vehicles on U.S. roads to install new safeguards.</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 to Give One Month Driver-Assist Technology Trial for Customers</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 to Give One Month Driver-Assist Technology Trial for Customers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-03-26 14:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>March 26 (Reuters) - Tesla will give a one-month trial of its driver-assist technology Full Self-Driving <a href=\"https://laohu8.com/S/FSD\">$(FSD)$</a> to existing and new customers in the United States, according to Tesla CEO Elon Musk and the company&#39;s website.</p><p>Musk also is requiring Tesla staff to give demonstrations of FSD to new buyers and owners of serviced vehicles, according to two emails verified by a Tesla source.</p><p>The move comes as Tesla sales and margins are under pressure because of price competition and softening demand. FSD is an add-on priced at $12,000, enabling vehicles to navigate city streets.</p><p>Tesla calls its driver-assisting systems Autopilot and Full Self-Driving, but says the features do not make its vehicles autonomous and require active driver supervision. Musk has for years missed his promise of achieving full autonomy, and Tesla&#39;s driver assistant software is under regulatory scrutiny over safety and marketing.</p><p>&#34;All US cars that are capable of FSD will be enabled for a one month trial this week,&#34; Tesla CEO Elon Musk confirmed in a post on social media platform X on Monday.</p><p>The trial has been offered on new sales of Tesla models X, S, and Y, according to Tesla&#39;s website.</p><p>Tesla&#39;s margins have been hurt by a price war with rivals that started more than a year ago. In January, Tesla warned of &#34;notably lower&#34; sales growth this year as it focuses on the production of its next-generation EV, which is code-named &#34;Redwood.&#34;</p><p>The company is also dealing with a rise in regulatory scrutiny of its self-driving systems and other areas in the United States and in some European countries. In December, Tesla recalled nearly all of its 2 million vehicles on U.S. roads to install new safeguards.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4551":"寇图资本持仓","BK4574":"无人驾驶","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0823414478.USD":"法巴经典能源转换基金","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","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","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","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","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4099":"汽车制造商","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","BK4548":"巴美列捷福持仓","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","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","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4592":"伊斯兰概念","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","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","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","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","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)","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","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","BK4588":"碎股","BK4550":"红杉资本持仓","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2422663297","content_text":"March 26 (Reuters) - Tesla will give a one-month trial of its driver-assist technology Full Self-Driving $(FSD)$ to existing and new customers in the United States, according to Tesla CEO Elon Musk and the company's website.Musk also is requiring Tesla staff to give demonstrations of FSD to new buyers and owners of serviced vehicles, according to two emails verified by a Tesla source.The move comes as Tesla sales and margins are under pressure because of price competition and softening demand. FSD is an add-on priced at $12,000, enabling vehicles to navigate city streets.Tesla calls its driver-assisting systems Autopilot and Full Self-Driving, but says the features do not make its vehicles autonomous and require active driver supervision. Musk has for years missed his promise of achieving full autonomy, and Tesla's driver assistant software is under regulatory scrutiny over safety and marketing.\"All US cars that are capable of FSD will be enabled for a one month trial this week,\" Tesla CEO Elon Musk confirmed in a post on social media platform X on Monday.The trial has been offered on new sales of Tesla models X, S, and Y, according to Tesla's website.Tesla's margins have been hurt by a price war with rivals that started more than a year ago. In January, Tesla warned of \"notably lower\" sales growth this year as it focuses on the production of its next-generation EV, which is code-named \"Redwood.\"The company is also dealing with a rise in regulatory scrutiny of its self-driving systems and other areas in the United States and in some European countries. In December, Tesla recalled nearly all of its 2 million vehicles on U.S. roads to install new safeguards.","news_type":1},"isVote":1,"tweetType":1,"viewCount":67,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":306873601896592,"gmtCreate":1715955591852,"gmtModify":1715957227860,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"#FUKREUTERS, every day is reputational damage to a decaying MSM.","listText":"#FUKREUTERS, every day is reputational damage to a decaying MSM.","text":"#FUKREUTERS, every day is reputational damage to a decaying MSM.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/306873601896592","repostId":"2436116069","repostType":2,"repost":{"id":"2436116069","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1715955300,"share":"https://www.laohu8.com/m/news/2436116069?lang=&edition=full","pubTime":"2024-05-17 22:15","market":"us","language":"en","title":"Tesla Chair Sees Challenges in Getting Shareholder Vote for Musk's Pay Package, FT Reports","url":"https://stock-news.laohu8.com/highlight/detail?id=2436116069","media":"Reuters","summary":"May 17 (Reuters) - Tesla's chair of the board said the company needs to climb \"Mount Everest\" as it faces shareholder votes on relocating to Texas and CEO Elon Musk's $56 billion pay deal, the Financi","content":"<html><head></head><body><p>May 17 (Reuters) - Tesla&#39;s chair of the board said the company needs to climb &#34;Mount Everest&#34; as it faces shareholder votes on relocating to Texas and CEO Elon Musk&#39;s $56 billion pay deal, the Financial Times reported on Friday.</p><p>Robyn Denholm, who has held Tesla&#39;s chairperson position since 2018, also dismissed criticism that she is too close to Musk, according to the report.</p><p>Last month, Denholm asked shareholders to reaffirm their approval of Musk&#39;s record-breaking $56 billion compensation that was rejected by a Delaware judge in January.</p><p>The board is in early days of the campaign and will meet with shareholders all the way through to the day of the vote, Denholm told the Financial Times.</p><p>The largest pay package in corporate America has no salary or cash bonus and sets rewards based on Tesla&#39;s market value rising to as much as $650 billion over the next 10 years from 2018.</p><p>&#34;Every shareholder that I&#39;ve ever talked to says that (the compensation plan) worked, Denholm said, adding that they appreciate that it drove a lot of shareholder value, according to the report.</p><p>Tesla&#39;s board has repeatedly come under fire for its close ties with the billionaire.</p><p>After the original pay package was voided by Judge Kathaleen McCormick of Delaware&#39;s Court of Chancery, Musk sought to move Tesla&#39;s state of incorporation to Texas from Delaware.</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 Chair Sees Challenges in Getting Shareholder Vote for Musk's Pay Package, FT Reports</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; 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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 Chair Sees Challenges in Getting Shareholder Vote for Musk's Pay Package, FT Reports\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-05-17 22:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>May 17 (Reuters) - Tesla&#39;s chair of the board said the company needs to climb &#34;Mount Everest&#34; as it faces shareholder votes on relocating to Texas and CEO Elon Musk&#39;s $56 billion pay deal, the Financial Times reported on Friday.</p><p>Robyn Denholm, who has held Tesla&#39;s chairperson position since 2018, also dismissed criticism that she is too close to Musk, according to the report.</p><p>Last month, Denholm asked shareholders to reaffirm their approval of Musk&#39;s record-breaking $56 billion compensation that was rejected by a Delaware judge in January.</p><p>The board is in early days of the campaign and will meet with shareholders all the way through to the day of the vote, Denholm told the Financial Times.</p><p>The largest pay package in corporate America has no salary or cash bonus and sets rewards based on Tesla&#39;s market value rising to as much as $650 billion over the next 10 years from 2018.</p><p>&#34;Every shareholder that I&#39;ve ever talked to says that (the compensation plan) worked, Denholm said, adding that they appreciate that it drove a lot of shareholder value, according to the report.</p><p>Tesla&#39;s board has repeatedly come under fire for its close ties with the billionaire.</p><p>After the original pay package was voided by Judge Kathaleen McCormick of Delaware&#39;s Court of Chancery, Musk sought to move Tesla&#39;s state of incorporation to Texas from Delaware.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4527":"明星科技股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","LU0823414478.USD":"法巴经典能源转换基金","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","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 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INC"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2436116069","content_text":"May 17 (Reuters) - Tesla's chair of the board said the company needs to climb \"Mount Everest\" as it faces shareholder votes on relocating to Texas and CEO Elon Musk's $56 billion pay deal, the Financial Times reported on Friday.Robyn Denholm, who has held Tesla's chairperson position since 2018, also dismissed criticism that she is too close to Musk, according to the report.Last month, Denholm asked shareholders to reaffirm their approval of Musk's record-breaking $56 billion compensation that was rejected by a Delaware judge in January.The board is in early days of the campaign and will meet with shareholders all the way through to the day of the vote, Denholm told the Financial Times.The largest pay package in corporate America has no salary or cash bonus and sets rewards based on Tesla's market value rising to as much as $650 billion over the next 10 years from 2018.\"Every shareholder that I've ever talked to says that (the compensation plan) worked, Denholm said, adding that they appreciate that it drove a lot of shareholder value, according to the report.Tesla's board has repeatedly come under fire for its close ties with the billionaire.After the original pay package was voided by Judge Kathaleen McCormick of Delaware's Court of Chancery, Musk sought to move Tesla's state of incorporation to Texas from Delaware.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":278828016537864,"gmtCreate":1709101051139,"gmtModify":1709101055166,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Smart. Can't beat Tesla which is best in class. Must as well focus on their core strength instead of playing second fiddle. $TSLA🦾","listText":"Smart. Can't beat Tesla which is best in class. Must as well focus on their core strength instead of playing second fiddle. $TSLA🦾","text":"Smart. Can't beat Tesla which is best in class. Must as well focus on their core strength instead of playing second fiddle. $TSLA🦾","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278828016537864","repostId":"1190525462","repostType":2,"repost":{"id":"1190525462","pubTimestamp":1709092502,"share":"https://www.laohu8.com/m/news/1190525462?lang=&edition=full","pubTime":"2024-02-28 11:55","market":"us","language":"en","title":"Apple's Scrapped Car Project Means AI and Headset Bets Are More Urgent","url":"https://stock-news.laohu8.com/highlight/detail?id=1190525462","media":"Bloomberg","summary":"Company needs to restart search for next blockbuster productAlphabet and Chinese rivals still focused on automotive marketIn abandoning plans for a self-driving car, Apple Inc. is giving up on billion","content":"<html><head></head><body><ul style=\"\"><li><p>Company needs to restart search for next blockbuster product</p></li><li><p>Alphabet and Chinese rivals still focused on automotive market</p></li></ul><p>In abandoning plans for a self-driving car, Apple Inc. is giving up on billions in potential revenue and the dream of selling what one executive called “the ultimate mobile device.” The hope is that other big bets — including generative AI and mixed-reality headsets — can make up the difference.</p><p>Apple reached this crossroads Tuesday, when it told employees it was winding down the car project and reassigned some of the staff to its AI efforts. The decision followed months of frenzied meetings between top executives and the company’s board over how to proceed. Chief Operating Officer Jeff Williams and project head Kevin Lynch broke the news to the roughly 2,000-member team during a meeting that lasted less than 15 minutes.</p><p>The upshot: Apple’s future isn’t going to hinge on selling $100,000 cars with self-driving features. Instead, it will focus on catching up with rivals in the generative AI industry, where chatbots from OpenAI and Google have captured the imagination of consumers and investors. The shift also lets Apple concentrate on turning the Vision Pro headset — still a fledgling product — into a mainstream hit.</p><p>Investors and analysts applauded the move, which lets Apple avoid an electric-vehicle market that’s grown more perilous in recent months. Shifting resources toward generative AI is the right call “given the long-term profitability potential of AI revenue streams versus cars,” Bloomberg Intelligence analysts Anurag Rana and Andrew Girard said.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7142169b55a8966bbc8840eb165a8e91\" tg-width=\"760\" tg-height=\"438\"/></p><p>But the decision also eliminates a future revenue source at a time when Apple has been struggling to maintain growth. Though the company managed to pull out of a sales slump last quarter, it warned that the current period will be sluggish again. The Vision Pro just launched this month and isn’t expected to be a major contributor to growth for years, if ever.</p><p>With a car, profit margins would have been slim but the revenue potential was massive. The idea was long touted as one of Apple’s famous “next big things” and could have more firmly locked consumers into the company’s ecosystem. Tesla Inc., which led the EV revolution in the US, generated nearly $100 billion in revenue last year. Furthermore, tech giants like Alphabet Inc. and Chinese rivals remain focused on cars.</p><p>Apple’s decadelong car effort, known as Project Titan, also was an AI challenge in itself. Apple attempted to build an artificial intelligence system that was powerful and energy-efficient enough to make a car fully autonomous.</p><p>With that off the table, Apple can concentrate on applying AI to its current products, including the iPhone and iPad, and avoid falling further behind tech peers like Alphabet’s Google, Amazon.com Inc. and Microsoft Corp.</p><p>Apple is planning to reveal new AI capabilities, including more automated tools for software development and features for summarizing news articles, at its conference for developers in June. The first new features are planned for iOS 18, which will be released around September alongside the next iPhones, Bloomberg News has reported.</p><p>Those efforts now have fresh recruits, thanks to the winding down of the car endeavor — known as the Special Projects Group, or SPG. The company will relocate about a third of the vehicle team to other divisions.</p><p>Meanwhile, hundreds of people working on autonomous driving hardware, car interiors and exteriors, and vehicle electronics will need to seek new jobs inside the company. If they can’t find roles, they’ll be laid off. And some employees have already been informed that they’ll be heading for the exits.</p><p>Three main groups within SPG — a software team based in Ottawa under executive Dan Dodge; a cloud engineering and software group under Libo Meyers; and a software project management team under Vera Carr — will be shifted to Craig Federighi’s software department to work on Apple’s main operating systems.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/288c5fcb5164c159f37cfa6e9122d06c\" tg-width=\"717\" tg-height=\"427\"/></p><p>Apple’s artificial intelligence team for the car, which had been reporting to Stuart Bowers, will be shifted to work on generative AI in John Giannandrea’s machine learning division. Some of the car talent could also apply their skills to the Vision Pro. That product has many features, including the ability to create a virtual representation of its wearer, that rely on artificial intelligence.</p><p>The big question is how soon AI might make serious money for Apple. It’s unlikely that the company will have a full-scale AI lineup of applications and features for a few years. And Apple’s penchant for user privacy could make it challenging to compete aggressively in the market.</p><p>For now, Apple will continue to make most of its money from hardware. The iPhone alone accounts for about half its revenue. So AI’s biggest potential in the near term will be its ability to sell iPhones, iPads and other devices.</p><p>As for the Vision Pro, which melds virtual and augmented reality, that too is years away from being a major moneymaker. The immersive technology has thrilled some early adopters, but the first version of the device remains too cumbersome and costly. Even if it sells a few million units a year, the $3,500 headset will only be a small percentage of Apple’s nearly $400 billion annual revenue total.</p><p>The company is exploring other big ideas, including lighter-weight AR glasses, new smart-home devices and AirPods with cameras. But it will take years to tell whether a range of smaller products can replace what would have been Apple’s biggest: a car.</p></body></html>","source":"lsy1584095487587","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>Apple's Scrapped Car Project Means AI and Headset Bets Are More Urgent</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\">\nApple's Scrapped Car Project Means AI and Headset Bets Are More Urgent\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-28 11:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-02-28/apple-cancels-its-electric-car-in-favor-of-ai-vision-pro?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company needs to restart search for next blockbuster productAlphabet and Chinese rivals still focused on automotive marketIn abandoning plans for a self-driving car, Apple Inc. is giving up on ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-02-28/apple-cancels-its-electric-car-in-favor-of-ai-vision-pro?srnd=homepage-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.bloomberg.com/news/articles/2024-02-28/apple-cancels-its-electric-car-in-favor-of-ai-vision-pro?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190525462","content_text":"Company needs to restart search for next blockbuster productAlphabet and Chinese rivals still focused on automotive marketIn abandoning plans for a self-driving car, Apple Inc. is giving up on billions in potential revenue and the dream of selling what one executive called “the ultimate mobile device.” The hope is that other big bets — including generative AI and mixed-reality headsets — can make up the difference.Apple reached this crossroads Tuesday, when it told employees it was winding down the car project and reassigned some of the staff to its AI efforts. The decision followed months of frenzied meetings between top executives and the company’s board over how to proceed. Chief Operating Officer Jeff Williams and project head Kevin Lynch broke the news to the roughly 2,000-member team during a meeting that lasted less than 15 minutes.The upshot: Apple’s future isn’t going to hinge on selling $100,000 cars with self-driving features. Instead, it will focus on catching up with rivals in the generative AI industry, where chatbots from OpenAI and Google have captured the imagination of consumers and investors. The shift also lets Apple concentrate on turning the Vision Pro headset — still a fledgling product — into a mainstream hit.Investors and analysts applauded the move, which lets Apple avoid an electric-vehicle market that’s grown more perilous in recent months. Shifting resources toward generative AI is the right call “given the long-term profitability potential of AI revenue streams versus cars,” Bloomberg Intelligence analysts Anurag Rana and Andrew Girard said.But the decision also eliminates a future revenue source at a time when Apple has been struggling to maintain growth. Though the company managed to pull out of a sales slump last quarter, it warned that the current period will be sluggish again. The Vision Pro just launched this month and isn’t expected to be a major contributor to growth for years, if ever.With a car, profit margins would have been slim but the revenue potential was massive. The idea was long touted as one of Apple’s famous “next big things” and could have more firmly locked consumers into the company’s ecosystem. Tesla Inc., which led the EV revolution in the US, generated nearly $100 billion in revenue last year. Furthermore, tech giants like Alphabet Inc. and Chinese rivals remain focused on cars.Apple’s decadelong car effort, known as Project Titan, also was an AI challenge in itself. Apple attempted to build an artificial intelligence system that was powerful and energy-efficient enough to make a car fully autonomous.With that off the table, Apple can concentrate on applying AI to its current products, including the iPhone and iPad, and avoid falling further behind tech peers like Alphabet’s Google, Amazon.com Inc. and Microsoft Corp.Apple is planning to reveal new AI capabilities, including more automated tools for software development and features for summarizing news articles, at its conference for developers in June. The first new features are planned for iOS 18, which will be released around September alongside the next iPhones, Bloomberg News has reported.Those efforts now have fresh recruits, thanks to the winding down of the car endeavor — known as the Special Projects Group, or SPG. The company will relocate about a third of the vehicle team to other divisions.Meanwhile, hundreds of people working on autonomous driving hardware, car interiors and exteriors, and vehicle electronics will need to seek new jobs inside the company. If they can’t find roles, they’ll be laid off. And some employees have already been informed that they’ll be heading for the exits.Three main groups within SPG — a software team based in Ottawa under executive Dan Dodge; a cloud engineering and software group under Libo Meyers; and a software project management team under Vera Carr — will be shifted to Craig Federighi’s software department to work on Apple’s main operating systems.Apple’s artificial intelligence team for the car, which had been reporting to Stuart Bowers, will be shifted to work on generative AI in John Giannandrea’s machine learning division. Some of the car talent could also apply their skills to the Vision Pro. That product has many features, including the ability to create a virtual representation of its wearer, that rely on artificial intelligence.The big question is how soon AI might make serious money for Apple. It’s unlikely that the company will have a full-scale AI lineup of applications and features for a few years. And Apple’s penchant for user privacy could make it challenging to compete aggressively in the market.For now, Apple will continue to make most of its money from hardware. The iPhone alone accounts for about half its revenue. So AI’s biggest potential in the near term will be its ability to sell iPhones, iPads and other devices.As for the Vision Pro, which melds virtual and augmented reality, that too is years away from being a major moneymaker. The immersive technology has thrilled some early adopters, but the first version of the device remains too cumbersome and costly. Even if it sells a few million units a year, the $3,500 headset will only be a small percentage of Apple’s nearly $400 billion annual revenue total.The company is exploring other big ideas, including lighter-weight AR glasses, new smart-home devices and AirPods with cameras. But it will take years to tell whether a range of smaller products can replace what would have been Apple’s biggest: a car.","news_type":1},"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":283881742123112,"gmtCreate":1710322993204,"gmtModify":1710322996639,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Does anyone know what is Langan's ranking as an analyst?","listText":"Does anyone know what is Langan's ranking as an analyst?","text":"Does anyone know what is Langan's ranking as an analyst?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/283881742123112","repostId":"1173702953","repostType":2,"repost":{"id":"1173702953","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1710322697,"share":"https://www.laohu8.com/m/news/1173702953?lang=&edition=full","pubTime":"2024-03-13 17:38","market":"us","language":"en","title":"Tesla Shares Slipped 1.8% Following Wells Fargo's Downgrades","url":"https://stock-news.laohu8.com/highlight/detail?id=1173702953","media":"Tiger Newspress","summary":"Wells Fargo is throwing in the towel on Tesla for now.Analyst Colin Langan downgraded the electric vehicle maker to underweight from equal weight. He also cut his price target to $125 from $200. The new forecast implies downside of 29.5% from Tuesday’s close.Shares fell 1.8% in the premarket following the downgrade.“We see downside risk to volume as price cuts are having a diminishing impact. We see headwinds from disappointing deliveries & more price cuts, which likely drive negative EPS revisi","content":"<html><head></head><body><p>Wells Fargo is throwing in the towel on Tesla for now.</p><p>Analyst Colin Langan downgraded the electric vehicle maker to underweight from equal weight. He also cut his price target to $125 from $200. The new forecast implies downside of 29.5% from Tuesday’s close.</p><p>Shares fell 1.8% in the premarket following the downgrade.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bedb93a84bf65da12204ab50ea6874c1\" tg-width=\"873\" tg-height=\"840\"/></p><p>“We see downside risk to volume as price cuts are having a diminishing impact. We see headwinds from disappointing deliveries &amp; more price cuts, which likely drive negative EPS revisions,” Langan wrote.</p><p>“TSLA’s growth in core markets has moderated with EU &amp; China flattish in the LTM &amp; the US down since Q2. More concerning, the effect of price cuts are moderating with 2H volume up only 3% [half over half] despite pricing that’s down 5% h/h,” he added. “We expect volumes to be flat in 2024 &amp; down in 2025. In the wake of [price] cuts are lower lease residuals, disgruntled customers &amp; the possible loss of the luxury brand premium.”</p><p>Tesla shares have languished in 2024, losing more than 28% as demand for electric vehicles wanes. Last year, the stock surged more than 100%.<br/></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 Slipped 1.8% Following Wells Fargo's Downgrades</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 Slipped 1.8% Following Wells Fargo's Downgrades\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-03-13 17:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wells Fargo is throwing in the towel on Tesla for now.</p><p>Analyst Colin Langan downgraded the electric vehicle maker to underweight from equal weight. He also cut his price target to $125 from $200. The new forecast implies downside of 29.5% from Tuesday’s close.</p><p>Shares fell 1.8% in the premarket following the downgrade.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bedb93a84bf65da12204ab50ea6874c1\" tg-width=\"873\" tg-height=\"840\"/></p><p>“We see downside risk to volume as price cuts are having a diminishing impact. We see headwinds from disappointing deliveries &amp; more price cuts, which likely drive negative EPS revisions,” Langan wrote.</p><p>“TSLA’s growth in core markets has moderated with EU &amp; China flattish in the LTM &amp; the US down since Q2. More concerning, the effect of price cuts are moderating with 2H volume up only 3% [half over half] despite pricing that’s down 5% h/h,” he added. “We expect volumes to be flat in 2024 &amp; down in 2025. In the wake of [price] cuts are lower lease residuals, disgruntled customers &amp; the possible loss of the luxury brand premium.”</p><p>Tesla shares have languished in 2024, losing more than 28% as demand for electric vehicles wanes. Last year, the stock surged more than 100%.<br/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173702953","content_text":"Wells Fargo is throwing in the towel on Tesla for now.Analyst Colin Langan downgraded the electric vehicle maker to underweight from equal weight. He also cut his price target to $125 from $200. The new forecast implies downside of 29.5% from Tuesday’s close.Shares fell 1.8% in the premarket following the downgrade.“We see downside risk to volume as price cuts are having a diminishing impact. We see headwinds from disappointing deliveries & more price cuts, which likely drive negative EPS revisions,” Langan wrote.“TSLA’s growth in core markets has moderated with EU & China flattish in the LTM & the US down since Q2. More concerning, the effect of price cuts are moderating with 2H volume up only 3% [half over half] despite pricing that’s down 5% h/h,” he added. “We expect volumes to be flat in 2024 & down in 2025. In the wake of [price] cuts are lower lease residuals, disgruntled customers & the possible loss of the luxury brand premium.”Tesla shares have languished in 2024, losing more than 28% as demand for electric vehicles wanes. Last year, the stock surged more than 100%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":281001216638976,"gmtCreate":1709628437871,"gmtModify":1709628940476,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Reuters loved to spread any FUD that may remotely and negatively impact Tesla. Damn sad.","listText":"Reuters loved to spread any FUD that may remotely and negatively impact Tesla. Damn sad.","text":"Reuters loved to spread any FUD that may remotely and negatively impact Tesla. Damn sad.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281001216638976","repostId":"2417936465","repostType":2,"repost":{"id":"2417936465","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1709649919,"share":"https://www.laohu8.com/m/news/2417936465?lang=&edition=full","pubTime":"2024-03-05 22:45","market":"us","language":"en","title":"Tesla Shares Fall Nearly 3% as German Plant Halts Output After Suspected Arson Nearby","url":"https://stock-news.laohu8.com/highlight/detail?id=2417936465","media":"Reuters","summary":"BERLIN, March 5  - Tesla's factory outside Berlin has been evacuated and production is at a standstill, the DPA news agency reported on Tuesday citing a spokesperson for the carmaker.   Police have said that the fire brigade was working to douse flames after an electricity pylon caught fire in an area southeast of the capital Berlin, near the site of the plant, but added that blaze had not spread to the plant itself. ","content":"<html><head></head><body><p>March 5 (Reuters) - Tesla&#39;s European Gigafactory near Berlin halted production and was left without power after a suspected arson attack set an electricity pylon ablaze close to the site early on Tuesday.</p><p>The blaze southeast of the German capital, which did not spread to the Tesla site - the U.S. electric vehicle maker&#39;s first manufacturing plant in Europe - was extinguished by the fire brigade, police said.</p><p>A Tesla spokesperson confirmed production had stopped and the site evacuated. Tesla&#39;s shares were down nearly 3% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ac661ca0ac0bad915814d4fc1571b53\" title=\"\" tg-width=\"798\" tg-height=\"634\"/></p><p>roduction at Tesla&#39;s car factory near Berlin is not expected to resume before next week after a suspected arson attack severed both power lines feeding it, plant manager Andre Thierig said on Tuesday.</p><p>It was the latest setback for Tesla, which has had a bumpy ride in Europe of late, facing union pressure for collective bargaining agreements in the Nordics and supply disruptions as a result of attacks on shipping in the Red Sea.</p><p>Germany has championed new big-ticket foreign investments at a time when Europe&#39;s largest economy is facing recession and grappling with higher inflation and weaker foreign demand.</p><p>Police are investigating the possible arson attack in the area around the plant, which has been the focus of environmental protests since it was launched by Chief Executive Elon Musk two years ago.</p><p>They would not confirm media reports that bomb disposal units had been deployed after emergency services found a sign saying &#34;ordnance buried here&#34;.</p><p>The state police office &#34;has taken over the investigation on suspicion of arson and we are currently investigating in all directions,&#34; a police spokesperson told Reuters.</p><p>Workers for energy company E.ON are repairing the damage to the high-voltage pylon which knocked out power in the area, the company said.</p><p>Electricity to surrounding communities was restored except for a large industrial site and a logistics centre, it later said, but declined to elaborate.</p><h3 id=\"id_4098656660\">TREE HOUSE PROTESTS</h3><p>Tesla&#39;s ambitions to expand its plant, which has a capacity of around 500,000 cars a year, hit a roadblock when local residents voted down a motion to fell trees to enlarge it.</p><p>The U.S. EV maker wants to double the site&#39;s capacity to 100 gigawatt hours of battery production and 1 million cars per year, setting it up to dominate the European market.</p><p>Environmental activists have built and occupied tree houses in the forested area they expect to be cleared if the expansion goes ahead.</p><p>A spokesperson for Robin Wood, a group protesting the expansion, said in relation to the arson incident: &#34;We&#39;re totally surprised by the situation,&#34; adding a full statement would be issued later.</p><p>Citizens in Gruenheide last month voted against a motion to clear forest for Tesla to build extra infrastructure like a train station and warehouses, leaving the decision to local authorities.</p><p>The plant&#39;s production ramp-up has slowed, though the carmaker produced 6,000 cars in a week for the first time in January.</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 Fall Nearly 3% as German Plant Halts Output After Suspected Arson Nearby</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; 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}\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 Fall Nearly 3% as German Plant Halts Output After Suspected Arson Nearby\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-03-05 22:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>March 5 (Reuters) - Tesla&#39;s European Gigafactory near Berlin halted production and was left without power after a suspected arson attack set an electricity pylon ablaze close to the site early on Tuesday.</p><p>The blaze southeast of the German capital, which did not spread to the Tesla site - the U.S. electric vehicle maker&#39;s first manufacturing plant in Europe - was extinguished by the fire brigade, police said.</p><p>A Tesla spokesperson confirmed production had stopped and the site evacuated. Tesla&#39;s shares were down nearly 3% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ac661ca0ac0bad915814d4fc1571b53\" title=\"\" tg-width=\"798\" tg-height=\"634\"/></p><p>roduction at Tesla&#39;s car factory near Berlin is not expected to resume before next week after a suspected arson attack severed both power lines feeding it, plant manager Andre Thierig said on Tuesday.</p><p>It was the latest setback for Tesla, which has had a bumpy ride in Europe of late, facing union pressure for collective bargaining agreements in the Nordics and supply disruptions as a result of attacks on shipping in the Red Sea.</p><p>Germany has championed new big-ticket foreign investments at a time when Europe&#39;s largest economy is facing recession and grappling with higher inflation and weaker foreign demand.</p><p>Police are investigating the possible arson attack in the area around the plant, which has been the focus of environmental protests since it was launched by Chief Executive Elon Musk two years ago.</p><p>They would not confirm media reports that bomb disposal units had been deployed after emergency services found a sign saying &#34;ordnance buried here&#34;.</p><p>The state police office &#34;has taken over the investigation on suspicion of arson and we are currently investigating in all directions,&#34; a police spokesperson told Reuters.</p><p>Workers for energy company E.ON are repairing the damage to the high-voltage pylon which knocked out power in the area, the company said.</p><p>Electricity to surrounding communities was restored except for a large industrial site and a logistics centre, it later said, but declined to elaborate.</p><h3 id=\"id_4098656660\">TREE HOUSE PROTESTS</h3><p>Tesla&#39;s ambitions to expand its plant, which has a capacity of around 500,000 cars a year, hit a roadblock when local residents voted down a motion to fell trees to enlarge it.</p><p>The U.S. EV maker wants to double the site&#39;s capacity to 100 gigawatt hours of battery production and 1 million cars per year, setting it up to dominate the European market.</p><p>Environmental activists have built and occupied tree houses in the forested area they expect to be cleared if the expansion goes ahead.</p><p>A spokesperson for Robin Wood, a group protesting the expansion, said in relation to the arson incident: &#34;We&#39;re totally surprised by the situation,&#34; adding a full statement would be issued later.</p><p>Citizens in Gruenheide last month voted against a motion to clear forest for Tesla to build extra infrastructure like a train station and warehouses, leaving the decision to local authorities.</p><p>The plant&#39;s production ramp-up has slowed, though the carmaker produced 6,000 cars in a week for the first time in January.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0823414478.USD":"法巴经典能源转换基金","BK4574":"无人驾驶","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4550":"红杉资本持仓","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4581":"高盛持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4099":"汽车制造商","LU1548497426.USD":"安联环球人工智能AT Acc","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","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4548":"巴美列捷福持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","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","BK4592":"伊斯兰概念","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2063271972.USD":"富兰克林创新领域基金","BK4585":"ETF&股票定投概念","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","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","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","TSLA":"特斯拉","BK4534":"瑞士信贷持仓","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4588":"碎股","BK4551":"寇图资本持仓"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2417936465","content_text":"March 5 (Reuters) - Tesla's European Gigafactory near Berlin halted production and was left without power after a suspected arson attack set an electricity pylon ablaze close to the site early on Tuesday.The blaze southeast of the German capital, which did not spread to the Tesla site - the U.S. electric vehicle maker's first manufacturing plant in Europe - was extinguished by the fire brigade, police said.A Tesla spokesperson confirmed production had stopped and the site evacuated. Tesla's shares were down nearly 3% in morning trading.roduction at Tesla's car factory near Berlin is not expected to resume before next week after a suspected arson attack severed both power lines feeding it, plant manager Andre Thierig said on Tuesday.It was the latest setback for Tesla, which has had a bumpy ride in Europe of late, facing union pressure for collective bargaining agreements in the Nordics and supply disruptions as a result of attacks on shipping in the Red Sea.Germany has championed new big-ticket foreign investments at a time when Europe's largest economy is facing recession and grappling with higher inflation and weaker foreign demand.Police are investigating the possible arson attack in the area around the plant, which has been the focus of environmental protests since it was launched by Chief Executive Elon Musk two years ago.They would not confirm media reports that bomb disposal units had been deployed after emergency services found a sign saying \"ordnance buried here\".The state police office \"has taken over the investigation on suspicion of arson and we are currently investigating in all directions,\" a police spokesperson told Reuters.Workers for energy company E.ON are repairing the damage to the high-voltage pylon which knocked out power in the area, the company said.Electricity to surrounding communities was restored except for a large industrial site and a logistics centre, it later said, but declined to elaborate.TREE HOUSE PROTESTSTesla's ambitions to expand its plant, which has a capacity of around 500,000 cars a year, hit a roadblock when local residents voted down a motion to fell trees to enlarge it.The U.S. EV maker wants to double the site's capacity to 100 gigawatt hours of battery production and 1 million cars per year, setting it up to dominate the European market.Environmental activists have built and occupied tree houses in the forested area they expect to be cleared if the expansion goes ahead.A spokesperson for Robin Wood, a group protesting the expansion, said in relation to the arson incident: \"We're totally surprised by the situation,\" adding a full statement would be issued later.Citizens in Gruenheide last month voted against a motion to clear forest for Tesla to build extra infrastructure like a train station and warehouses, leaving the decision to local authorities.The plant's production ramp-up has slowed, though the carmaker produced 6,000 cars in a week for the first time in January.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":276312564314352,"gmtCreate":1708489288669,"gmtModify":1708491037601,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Dow Jones really is rubbish, Ford's incapability to compete on EV price and scaling, is bad for Tesla? Really?","listText":"Dow Jones really is rubbish, Ford's incapability to compete on EV price and scaling, is bad for Tesla? Really?","text":"Dow Jones really is rubbish, Ford's incapability to compete on EV price and scaling, is bad for Tesla? Really?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/276312564314352","repostId":"2412121602","repostType":2,"repost":{"id":"2412121602","weMediaInfo":{"introduction":"Dow 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":1708485300,"share":"https://www.laohu8.com/m/news/2412121602?lang=&edition=full","pubTime":"2024-02-21 11:15","market":"us","language":"en","title":"Tesla Stock Falls Again. Ford’s Price Cuts Are Just One Reason Behind the Move","url":"https://stock-news.laohu8.com/highlight/detail?id=2412121602","media":"Dow Jones","summary":"Tesla stock fell again Tuesday after ending last week in the red. News from Ford Motor affected Tesla and the broader electric vehicle sector.Tesla stock is well off its 52-week high of $299.29, reach","content":"<html><head></head><body><p style=\"text-align: start;\">Tesla stock fell again Tuesday after ending last week in the red. News from Ford Motor affected Tesla and the broader electric vehicle sector.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6400da7bee51842b75f197284819f915\" alt=\"Tesla stock is well off its 52-week high of $299.29, reached last summer.\" title=\"Tesla stock is well off its 52-week high of $299.29, reached last summer.\" tg-width=\"954\" tg-height=\"536\"/><span>Tesla stock is well off its 52-week high of $299.29, reached last summer.</span></p><p style=\"text-align: start;\">Tesla stock dropped 3.1% on Tuesday, closing just below $194 a share, while the Nasdaq Composite and S&amp;P 500 were down 0.9% and 0.6%, respectively. Ford stock fell 0.4%.</p><p>Ford said Tuesday is cutting prices of 2023 Mustang Mach-E crossover vehicles by about $3,100 to $8,100, depending on the version. The company said it isn’t discounting 2024 models.</p><p>Chinese EV maker XPeng also had some pricing-related comments that could be weighing on Tesla shares. XPeng management warned of intense competition in the EV sector that could end in a “bloodbath,” CNBC reported Monday.</p><p>Ford’s price cut is a sign there is excess EV inventory left to clear out and, taken with XPeng’s comments, shows that pricing will remain under pressure for a while.</p><p>Tesla’s profit margins have been squeezed as competitors have stepped up production, resulting in many EV makers cutting prices. Tesla’s fourth-quarter operating profit margin came in at about 8%, down about eight percentage points year over year. Wall Street expects operating profit margins of about 9% in the first quarter.</p><p>Reports of Cybertrucks rusting probably aren’t helping shares either. Tesla started shipping its avant-garde pickup truck in November. The truck’s frame is covered in unpainted stainless steel, which can rust.</p><p>Shares of Tesla’s peers were also down on Tuesday. Lucid Group fell 0.8%. NIO shares were down 2.9%, and BYD stock fell 4.3% in Hong Kong trading. General Motors stock was down part of the trading day but ended higher closing up 0.8% at $39.01.</p><p>Tesla stock is well off its 52-week high of $299.29 reached last summer.</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 Stock Falls Again. Ford’s Price Cuts Are Just One Reason Behind the Move</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 Falls Again. Ford’s Price Cuts Are Just One Reason Behind the Move\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\">2024-02-21 11:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Tesla stock fell again Tuesday after ending last week in the red. News from Ford Motor affected Tesla and the broader electric vehicle sector.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6400da7bee51842b75f197284819f915\" alt=\"Tesla stock is well off its 52-week high of $299.29, reached last summer.\" title=\"Tesla stock is well off its 52-week high of $299.29, reached last summer.\" tg-width=\"954\" tg-height=\"536\"/><span>Tesla stock is well off its 52-week high of $299.29, reached last summer.</span></p><p style=\"text-align: start;\">Tesla stock dropped 3.1% on Tuesday, closing just below $194 a share, while the Nasdaq Composite and S&amp;P 500 were down 0.9% and 0.6%, respectively. Ford stock fell 0.4%.</p><p>Ford said Tuesday is cutting prices of 2023 Mustang Mach-E crossover vehicles by about $3,100 to $8,100, depending on the version. The company said it isn’t discounting 2024 models.</p><p>Chinese EV maker XPeng also had some pricing-related comments that could be weighing on Tesla shares. XPeng management warned of intense competition in the EV sector that could end in a “bloodbath,” CNBC reported Monday.</p><p>Ford’s price cut is a sign there is excess EV inventory left to clear out and, taken with XPeng’s comments, shows that pricing will remain under pressure for a while.</p><p>Tesla’s profit margins have been squeezed as competitors have stepped up production, resulting in many EV makers cutting prices. Tesla’s fourth-quarter operating profit margin came in at about 8%, down about eight percentage points year over year. Wall Street expects operating profit margins of about 9% in the first quarter.</p><p>Reports of Cybertrucks rusting probably aren’t helping shares either. Tesla started shipping its avant-garde pickup truck in November. The truck’s frame is covered in unpainted stainless steel, which can rust.</p><p>Shares of Tesla’s peers were also down on Tuesday. Lucid Group fell 0.8%. NIO shares were down 2.9%, and BYD stock fell 4.3% in Hong Kong trading. General Motors stock was down part of the trading day but ended higher closing up 0.8% at $39.01.</p><p>Tesla stock is well off its 52-week high of $299.29 reached last summer.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","SG9999006514.SGD":"United Asia Consumer Fund SGD","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU1861214812.USD":"Blackrock Future of Transport A2 USD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU2328871848.SGD":"Eastspring Investments - China A Shares Growth AS SGD","F":"福特汽车","BK4574":"无人驾驶","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4581":"高盛持仓","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","LU0052750758.USD":"富兰克林中国基金A Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","BK0169":"共享汽车","BK1582":"深圳本地概念股","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","TSLA":"特斯拉","BK1509":"特斯拉概念股","LU1969619763.USD":"EASTSPRING INV CHINA A SHARES GROWTH \"A\" (USD) ACC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","BK0155":"锂电池","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2412121602","content_text":"Tesla stock fell again Tuesday after ending last week in the red. News from Ford Motor affected Tesla and the broader electric vehicle sector.Tesla stock is well off its 52-week high of $299.29, reached last summer.Tesla stock dropped 3.1% on Tuesday, closing just below $194 a share, while the Nasdaq Composite and S&P 500 were down 0.9% and 0.6%, respectively. Ford stock fell 0.4%.Ford said Tuesday is cutting prices of 2023 Mustang Mach-E crossover vehicles by about $3,100 to $8,100, depending on the version. The company said it isn’t discounting 2024 models.Chinese EV maker XPeng also had some pricing-related comments that could be weighing on Tesla shares. XPeng management warned of intense competition in the EV sector that could end in a “bloodbath,” CNBC reported Monday.Ford’s price cut is a sign there is excess EV inventory left to clear out and, taken with XPeng’s comments, shows that pricing will remain under pressure for a while.Tesla’s profit margins have been squeezed as competitors have stepped up production, resulting in many EV makers cutting prices. Tesla’s fourth-quarter operating profit margin came in at about 8%, down about eight percentage points year over year. Wall Street expects operating profit margins of about 9% in the first quarter.Reports of Cybertrucks rusting probably aren’t helping shares either. Tesla started shipping its avant-garde pickup truck in November. The truck’s frame is covered in unpainted stainless steel, which can rust.Shares of Tesla’s peers were also down on Tuesday. Lucid Group fell 0.8%. NIO shares were down 2.9%, and BYD stock fell 4.3% in Hong Kong trading. General Motors stock was down part of the trading day but ended higher closing up 0.8% at $39.01.Tesla stock is well off its 52-week high of $299.29 reached last summer.","news_type":1},"isVote":1,"tweetType":1,"viewCount":19,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":291225820389432,"gmtCreate":1712125968915,"gmtModify":1712125973306,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Bloomberg shud also ask why Apple only has one iPhone product with many variants and yet Apple products are so desired?😂🤔","listText":"Bloomberg shud also ask why Apple only has one iPhone product with many variants and yet Apple products are so desired?😂🤔","text":"Bloomberg shud also ask why Apple only has one iPhone product with many variants and yet Apple products are so desired?😂🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/291225820389432","repostId":"2424833856","repostType":2,"repost":{"id":"2424833856","pubTimestamp":1712125800,"share":"https://www.laohu8.com/m/news/2424833856?lang=&edition=full","pubTime":"2024-04-03 14:30","market":"us","language":"en","title":"Tesla Also Losing Ground in China as It Disappoints Globally","url":"https://stock-news.laohu8.com/highlight/detail?id=2424833856","media":"Bloomberg","summary":"Tesla Also Losing Ground in China as It Disappoints Globally","content":"<html><head></head><body><ul style=\"\"><li><p>The US carmaker’s market share is 6.7% versus 10.5% a year ago</p></li><li><p>Tesla relies only upon two older-style models of car in China</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/40eadf0caa17a949e26dbdb608b257a5\" alt=\"A Tesla showroom in Beijing.\" title=\"A Tesla showroom in Beijing.\" tg-width=\"2000\" tg-height=\"1333\"/><span>A Tesla showroom in Beijing.</span></p><p style=\"text-align: start;\">As Tesla Inc. disappoints investors on a global scale, delivering vehicles in the first quarter well short of expectations, it’s also been slowly losing ground in China, the world’s biggest automotive market.</p><p style=\"text-align: start;\">Confronted with unprecedented local competition amid weakened consumer sentiment in Asia’s largest economy, the market share of Elon Musk’s EV maker has shrunk from 10.5% in the first quarter of 2023 to around 6.7% for the quarter ended in December, Bloomberg calculations based on data released by the country’s Passenger Car Association show.</p><p>While the PCA didn’t provide a monthly breakdown for March of local shipments versus which EVs made in Tesla’s Shanghai factory are for export, the figures for the first two months of 2024 show the US carmaker’s market share for that period was about 6.6% compared to 7.9% the same period a year ago, when Covid restrictions were just lifted.</p><p>Tesla’s sales and production are consistently backloaded in China, with the third month of each quarter the strongest for local shipments.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/94917104ef12f1b32a2021f84ce188bd\" tg-width=\"939\" tg-height=\"574\"/></p><p>Tesla, which has long labeled itself a transformer in the industry with avant-garde products and cutting-edge technologies, has, in China at least, been too comfortably relying upon two models — the Model 3 sedan and the Model Y sport utility vehicle. Both were first unveiled before 2020 and have only had minor refreshes since. Meantime, a slew of rivals, from BYD Co. to Nio Inc., Xpeng Inc., Li Auto Inc. and now smartphone maker Xiaomi Corp. have unveiling more thrilling line-ups packed with high-tech features.</p><p style=\"text-align: start;\">BYD in particular has a wide spectrum of models from its Seagull hatchback, which features angular styling, a two-tone dashboard shaped like a seagull’s wing and six airbags and retails for under $10,000 right though to its Yangwang U8 plug-in hybrid, a 1,200-horsepower luxury SUV that can float on water and make a 360-degree “tank turn” on the spot.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c4bc9a24b8e326014537d9cb68e5022e\" tg-width=\"945\" tg-height=\"822\"/></p><p>Price cuts used to be another sales booster for Tesla, one the the most successful practitioners of the direct-sales mode, a strategy that allows it to dictate the end price in line with production costs and market demand. However, Chinese automakers have proven determined to join the price war, which was kicked off by Tesla in the January 2023 and repeated at the start of this year. Many of them actually deepened their price cuts earlier this week, a likely response to Tesla’s pre-announced price hike on Monday.</p><p style=\"text-align: start;\">In addition, as is the case in many places around the world, growth in China’s EV market is slowing. Shipments of new-energy vehicles are projected to increase 25% to 11 million units this year, the PCA has said. While still expanding, that’s down from 36% in 2023 and 96% in 2022.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b3945cdef71ac633e0ec37ee53031310\" alt=\"Tesla’s factory in Shanghai.\" title=\"Tesla’s factory in Shanghai.\" tg-width=\"3900\" tg-height=\"2600\"/><span>Tesla’s factory in Shanghai.</span></p><p>Tesla was therefore forced to trim production from its Shanghai factory, Bloomberg reported late last month. Tesla shipments from its Shanghai plant, which makes EVs for China as well as for export to other parts of Asia and Europe, recorded a decline in the first two months of 2024 from the same period a year ago while overall passenger vehicle sales in China increased.</p><p>The PCA said Tuesday that Tesla delivered an estimated 89,064 vehicles in China in March, up from 60,365 in February — which was the lowest since December 2022 — and broadly in line with 88,869 in March 2023.</p><p style=\"text-align: start;\">Globally, Tesla said it delivered 386,810 vehicles in the first three months of the year, missing Bloomberg’s average estimate by the biggest margin ever in data going back seven years.</p><p style=\"text-align: start;\">“It’s been an epic disaster, not just in terms of the delivery number, but the strategy,” Wedbush Securities Inc. analyst Dan Ives said in an interview with Bloomberg TV on Wednesday in Asia. “This is probably one of the most challenging periods for Musk and Tesla in the last four or five years.”</p></body></html>","source":"lsy1584095487587","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 Also Losing Ground in China as It Disappoints Globally</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{ 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}\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 Also Losing Ground in China as It Disappoints Globally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-03 14:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-03/tesla-also-losing-ground-in-china-as-it-disappoints-globally?srnd=homepage-americas><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The US carmaker’s market share is 6.7% versus 10.5% a year agoTesla relies only upon two older-style models of car in ChinaA Tesla showroom in Beijing.As Tesla Inc. disappoints investors on a global ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-03/tesla-also-losing-ground-in-china-as-it-disappoints-globally?srnd=homepage-americas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) 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ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4527":"明星科技股","BK4588":"碎股","BK4550":"红杉资本持仓","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC"},"source_url":"https://www.bloomberg.com/news/articles/2024-04-03/tesla-also-losing-ground-in-china-as-it-disappoints-globally?srnd=homepage-americas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2424833856","content_text":"The US carmaker’s market share is 6.7% versus 10.5% a year agoTesla relies only upon two older-style models of car in ChinaA Tesla showroom in Beijing.As Tesla Inc. disappoints investors on a global scale, delivering vehicles in the first quarter well short of expectations, it’s also been slowly losing ground in China, the world’s biggest automotive market.Confronted with unprecedented local competition amid weakened consumer sentiment in Asia’s largest economy, the market share of Elon Musk’s EV maker has shrunk from 10.5% in the first quarter of 2023 to around 6.7% for the quarter ended in December, Bloomberg calculations based on data released by the country’s Passenger Car Association show.While the PCA didn’t provide a monthly breakdown for March of local shipments versus which EVs made in Tesla’s Shanghai factory are for export, the figures for the first two months of 2024 show the US carmaker’s market share for that period was about 6.6% compared to 7.9% the same period a year ago, when Covid restrictions were just lifted.Tesla’s sales and production are consistently backloaded in China, with the third month of each quarter the strongest for local shipments.Tesla, which has long labeled itself a transformer in the industry with avant-garde products and cutting-edge technologies, has, in China at least, been too comfortably relying upon two models — the Model 3 sedan and the Model Y sport utility vehicle. Both were first unveiled before 2020 and have only had minor refreshes since. Meantime, a slew of rivals, from BYD Co. to Nio Inc., Xpeng Inc., Li Auto Inc. and now smartphone maker Xiaomi Corp. have unveiling more thrilling line-ups packed with high-tech features.BYD in particular has a wide spectrum of models from its Seagull hatchback, which features angular styling, a two-tone dashboard shaped like a seagull’s wing and six airbags and retails for under $10,000 right though to its Yangwang U8 plug-in hybrid, a 1,200-horsepower luxury SUV that can float on water and make a 360-degree “tank turn” on the spot.Price cuts used to be another sales booster for Tesla, one the the most successful practitioners of the direct-sales mode, a strategy that allows it to dictate the end price in line with production costs and market demand. However, Chinese automakers have proven determined to join the price war, which was kicked off by Tesla in the January 2023 and repeated at the start of this year. Many of them actually deepened their price cuts earlier this week, a likely response to Tesla’s pre-announced price hike on Monday.In addition, as is the case in many places around the world, growth in China’s EV market is slowing. Shipments of new-energy vehicles are projected to increase 25% to 11 million units this year, the PCA has said. While still expanding, that’s down from 36% in 2023 and 96% in 2022.Tesla’s factory in Shanghai.Tesla was therefore forced to trim production from its Shanghai factory, Bloomberg reported late last month. Tesla shipments from its Shanghai plant, which makes EVs for China as well as for export to other parts of Asia and Europe, recorded a decline in the first two months of 2024 from the same period a year ago while overall passenger vehicle sales in China increased.The PCA said Tuesday that Tesla delivered an estimated 89,064 vehicles in China in March, up from 60,365 in February — which was the lowest since December 2022 — and broadly in line with 88,869 in March 2023.Globally, Tesla said it delivered 386,810 vehicles in the first three months of the year, missing Bloomberg’s average estimate by the biggest margin ever in data going back seven years.“It’s been an epic disaster, not just in terms of the delivery number, but the strategy,” Wedbush Securities Inc. analyst Dan Ives said in an interview with Bloomberg TV on Wednesday in Asia. “This is probably one of the most challenging periods for Musk and Tesla in the last four or five years.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9086607289,"gmtCreate":1650443580652,"gmtModify":1676534725408,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Lol is this a joke? Which team is generating this report? Shocking😂","listText":"Lol is this a joke? Which team is generating this report? Shocking😂","text":"Lol is this a joke? Which team is generating this report? Shocking😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086607289","repostId":"1105569285","repostType":4,"repost":{"id":"1105569285","pubTimestamp":1650468622,"share":"https://www.laohu8.com/m/news/1105569285?lang=&edition=full","pubTime":"2022-04-20 23:30","market":"us","language":"en","title":"Is The End Near For Musk And Tesla?","url":"https://stock-news.laohu8.com/highlight/detail?id=1105569285","media":"Seeking Alpha","summary":"SummaryDespite recent gains, investors should consider selling Tesla and other meme stocks now, before institutional money bails.While regulators may still be too frightened to hold Musk accountable, ","content":"<html><head></head><body><p>Summary</p><ul><li>Despite recent gains, investors should consider selling Tesla and other meme stocks now, before institutional money bails.</li><li>While regulators may still be too frightened to hold Musk accountable, a change in public opinion would be far more consequential to Musk and his empire.</li><li>The hype around Musk’s stake in Twitter and the speculation around his plans for the social media platform takes focus away from the troubles, which are many, ahead of Tesla.</li></ul><p>For years, Elon Musk has used hype to prop up Tesla’s stock. It’s worked so well that other companies have followed his lead. But now, we think the world has seen that the emperor has no clothes. The attempted Twitter (TWTR) takeover is yet another example of Musk bullying his way into what he wants and underscores how his super-star status cannot always convince people to overlook his irreverent, reckless, and potentially illegal behavior. As the recent lawsuit againstMusk shows, he is not completely immune from the consequences of his actions. Despite recent gains, investors should consider selling Tesla (NASDAQ:TSLA) and other meme stocks now, before institutional money bails.</p><p><b>End of the Road for Musk</b></p><p>Most investors are keenly aware of Musk’s long history of making grand promises that don’t come true – the Roadster, the Semi, the Cybertruck, full-self driving (FSD) etc. – and at times are blatantly unethical, such as tweeting “funding secured” to go private, and pumping Doge coin. But now, we have evidence that he may have acted illegally in the way he reported his purchases of Twitter stock. Given the clear rules about how investors should report large stakes in public companies – like what Musk has in Twitter – this case seems straightforward: Musk broke the rules.</p><p>The next question is how severely he will be punished. If the past is any guide, regulators will not muster more than a slap on the wrist. The real question is how institutional investors will react to signs Musk has pushed the envelope too far.</p><p>Institutional investors own Tesla stock more often because they must, given its influence on their performance, than because they see it as a good investment. Any investor with a rigorous process can see the stock is ridiculously overvalued; so, you own it for the “Musk effect”. Accordingly, the institutional investors’ decision to sell Tesla stock will be based on when Musk’s outsized influence begins to wane.</p><p>We think that moment has come.</p><p><b>Musk Meets His Maker: Twitter</b></p><p>In our view, Musk’s repeated rule-breaking behavior has finally gone too far. Details of the case are still emerging, but Musk’s failure to disclose his more than 5% stake in Twitter arguably hurt investors who sold shares after he crossed that ownership threshold. Instead, Musk kept purchasing shares until reaching a 9% stake in Twitter before disclosing his position. The initial class-action lawsuit and the potential for more have finally gotten the attention of investors, if not regulators.</p><p>The poor reception Twitter’s employees gave the news of Musk’s stake is a very public rejection of his super-star influencer status and provide the first tangible evidence that maybe his star power has limitations. If a hostile takeover prompts a mass exodus of talent, then Musk might end up destroying the company in the process of buying it. That being said, the loudest voices in the company are not necessarily the most valuable.</p><p>As more people join lawsuits against Musk, and Twitter employees continue to express their mistrust of the company’s largest shareholder, institutional investors may seize this moment to quietly unload their shares of overvalued Tesla stock. Now is the time to sell because the price of the stock to this point has been more a reflection of Musk’s ability to draw an audience than any underlying fundamental value in the company.</p><p><b>Live by the Stunt, Die by the Stunt</b></p><p>Ultimately, it appears that as much as Twitter was the launch pad for Musk’s super influence powers, his failure thus far to win the publicity battle could mark the beginning-of-the-end of his super-star status.</p><p>Musk’s Twitter play, which is another in a long series of distractions, could end poorly for Musk. Instead of addressing Tesla’s issues, Musk appears to be attempting to position himself as a defender of free speech. The risk he faces is that instead of looking like a hero he looks more like a bully running an ego-driven takeover with little regard for the rules. While regulators may still be too frightened to hold Musk accountable (more on this below), a change in public opinion would be far more consequential to Musk and his empire.</p><p>Tesla’s investors have not been impressed with Musk’s Twitter antics either, as the stock is down 11% since he announced his ownership in the social media giant. Likewise, the “Musk bump” in Twitter shares is likely to fade as investors realize the only value Musk brought was publicity, and not good publicity either. Although Twitter remains a popular platform, it has its own problems and suggestions such as removing a letter from its name can do more harm than good.</p><p><b>Why Haven’t Regulators Done Anything Before Now?</b></p><p>Tesla’s high stock price has, thus far, kept its CEO well beyond an arm’s length of regulators. Other executives in other times likely would have faced consequences for many of the things Musk has said and done. Today, Tesla’s high stock price indicates investors’ collective belief in Musk’s promises and protects Musk. Regulators don’t want to be accused of causing the company’s stock price to fall, thereby destroying the wealth of many investors and, as a result, footing the cost of defending against numerous shareholder lawsuits.</p><p>Furthermore, Musk can claim Tesla’s elevated stock price and the wealth it endows is what he needs to fulfill his outlandish promises over time. However, should Tesla’s stock price ever reflect realistic expectations for the company, authorities may feel emboldened to pursue legal or regulatory action against Musk and/or Tesla. Credible claims can be made for several offenses, including:</p><ul><li>stock and cryptocurrency manipulation</li><li>false advertising of Full Self Driving (FSD)</li><li>ignoring safety authorities</li><li>neglecting to file documentation on time related to his purchase of Twitter’s shares</li><li>and other claims of dubious veracity</li></ul><p><b>What Will Regulators Do When the Bubble Pops?</b></p><p>Musk has positioned himself as a pop-culture icon. Though society loves to build up celebrities, so too does it love tearing them down even more. Once Tesla’s stock price falls from its overly inflated levels, Musk will lose his cover that has protected him from all his unethical and arguably illegal behavior. Regulators are likely to come after Musk with knives out after all the humiliation they had to suffer at his hand.</p><p><b>Trouble on the Horizon</b></p><p>All the hype around Musk’s large stake in Twitter and the speculation around his plans for the social media platform takes focus away from the troubles, which are many, ahead for Tesla. Of course, that is likely his goal. Below we discuss the fundamentals of Tesla’s business, which cannot be wished away or made irrelevant with hype.</p><p><b>Incumbents Are Catching Up:</b> Tesla’s first-mover advantage has long been cited as reason enough for investors to pile their money into the company. However, that advantage is gone, and in some cases turning into a lag. Ford (F), Rivian (RIVN), and General Motors (GM) aim to produce EV trucks in 2022, but Tesla will be on the sidelines until at least 2023 before launching its Cybertruck.</p><p>The rising competition from incumbents means the days of Tesla’s rising profitability could be numbered. For starters, 26% of the company’s GAAP earnings in 2021 were from the sale of regulatory credits, not from the underlying economics of making and selling vehicles and other ancillary services.</p><p>Once incumbents increase production of EVs they will need to purchase fewer credits from Elon. That means Tesla needs to actually start <i>selling</i> <i>cars</i>to make money. The catch-22 is that for the company to sell more cars, it first needs to increase its production capacity. If Tesla’s succeeds in selling more cars capital expenditure and working capital are primed to grow along with sales. Tesla needs to build economies of scale before it can benefit from them.</p><p><b>Market Share Losses Continue:</b> Incumbent automakers have entered the EV market with scale and are already taking market share from Tesla. Per Figure 2, Tesla’s share of global EV sales fell from 16% in 2019 to 14% in 2021.</p><p>Tesla’s share of the U.S. EV market fell from 79% in2020to 70% in2021. With light truck sales comprising more than three out of every four vehicles sold in the U.S. in January 2022, Tesla falling behind in truck EVs means its share of the U.S. market could fall further.</p><p><b>Figure 2: Tesla’s Share of the Global EV Sales</b></p><p><img src=\"https://static.tigerbbs.com/bc4dd16dde86e1ab31f85bd8a2af4aee\" tg-width=\"630\" tg-height=\"260\" referrerpolicy=\"no-referrer\"/></p><p>TSLA Market Share Since 2019(New Constructs, LLC)</p><p>Sources: New Constructs, LLC, EV-volumes.com and Statista</p><p><b>Slow Start to 2022:</b>Though Teslaforecastedan at least 50% YoY rise in deliveries in 2022, the company is feeling the effects of supply chain problems – just like every other automaker. The company delivered 310,000 vehicles in the quarter, while consensus estimates were for 313,000.</p><p><b>Reverse DCF Math: Valuation Implies Tesla Will Own at Least 57% of the Global Passenger EV Market</b></p><p>Despite the increased competition, failure to meet delivery expectations, and diminutive share of the global EV market in 2021, Tesla’s valuation implies the company will own 57% of the global passenger EV market in 2030.</p><p>Even if Tesla increases the average selling price (ASP) per vehicle to $55K vs. ($49K in 2021), Tesla’s stock price at ~$1,100/share implies the firm will sell 15 million vehicles in 2030 versus ~936k in 2021. That figure represents 57% of the projected base case global EV passenger vehicle market in 2030 and the implied vehicle sales based on a lower ASP looks even more unrealistic.</p><p>To provide inarguably best-case scenarios for assessing the expectations reflected in Tesla’s stock price, we assume Tesla achieves profit margins 1.5x Toyota Motor Corp (TM) and triples its current auto manufacturing efficiency.</p><p>Per Figure 3, an $1,100/share price implies that, in 2030, Tesla will sell the following number of vehicles based on these ASP benchmarks:</p><ul><li>15 million vehicles – ASP of $55K (above average U.S. new car price of $47K in 2021)</li><li>7 million vehicles – ASP of $49K (equal to Tesla’s 2021 ASP[1])</li><li>21 million vehicles – ASP of $38K (equal to General Motors’ ASP[2] of $38K in 2021)</li></ul><p>If Tesla achieves those EV sales, the implied market share for the company would be the following (assuming global passenger EV sales reach 26 million in 2030, the base case projection from the IEA):</p><ul><li>57% for 15 million vehicles</li><li>64% for 17 million vehicles</li><li>83% for 21 million vehicles</li></ul><p>If we assume the IEA’s best case for global passenger EV sales in 2030, 47 million vehicles, the above vehicle sales represent:</p><ul><li>31% for 15 million vehicles</li><li>35% for 17 million vehicles</li><li>45% for 21 million vehicles</li></ul><p><b>Figure 3: Tesla’s Implied Vehicle Sales in 2030 to Justify $1,100/Share</b></p><p><img src=\"https://static.tigerbbs.com/bad84793f241565c81ebb0d29b01242c\" tg-width=\"630\" tg-height=\"284\" referrerpolicy=\"no-referrer\"/></p><p>TSLA DCF Implied Vehicle Production(New Constructs, LLC)</p><p>Sources: New Constructs, LLC and company filings</p><p><b>Tesla Must Generate More Profits Than Apple For Investors to Make Money</b></p><p>Below are the assumptions we use in our reverse discounted cash flow model to calculate the implied production levels above.</p><p>Bulls should understand what Tesla needs to accomplish to justify ~$1,100/share:</p><ul><li>immediately achieve a 14% NOPAT margin (1.5x Toyota’s margin, which is the highest of the large-scale automakers we cover), compared to Tesla’s TTM margin of 8%) and</li><li>grow revenue by 32% compounded annually from 2022 to 2030.</li></ul><p>In this scenario, Tesla generates <i>$811 billion</i> in revenue in 2030, which is 116% of the combined revenues of Toyota, Stellantis (STLA), Ford, General Motors, and Honda (HMC) over the past twelve months. Tesla must replace the U.S. auto industry before 2030 to justify current valuations.</p><p>This scenario also implies Tesla grows net operating profit after-tax (NOPAT) by 2,458% from 2021 to 2030. In this scenario, Tesla generates $112 billion in NOPAT in 2030, or 12% higher than Apple’s (AAPL) TTM NOPAT, which, at $100 billion, is the highest of all companies we cover, and 65% higher than Microsoft (MSFT), the second-highest. Those companies have intertwined themselves in the lives of consumers and businesses around the world, which seems an unlikely feat for Tesla at this point.</p><p><b>TSLA Has 46% Downside If Morgan Stanley Is Right About Sales</b></p><p>If we assume Tesla reaches Morgan Stanley’s estimate of selling 8.1 million cars in 2030 (which implies a 31% share of the global passenger EV market in 2030), at an ASP of $55k, the stock is worth just $542/share. Details:</p><ul><li>NOPAT margin improves to 14% and</li><li>revenue grows 27% compounded annually over the next decade, then</li></ul><p>the stock is worth just $547/share today – a 46% downside to the current price. See the math behind this reverse DCF scenario. In this scenario, Tesla grows NOPAT to $62 billion, or nearly 14x its 2021 NOPAT, and just 7% below Alphabet’s (GOOGL) 2021 NOPAT.</p><p><b>TSLA Has 80%+ Downside Even with 27% Market Share and Realistic Margins</b></p><p>If we estimate more reasonable (but still very optimistic) margins and market share achievements for Tesla, the stock is worth just $200/share. Here’s the math:</p><ul><li>NOPAT margin improves to 9% (equal to Toyota’s TTM margin) and</li><li>revenue grows by consensus estimates from 2022 to 2024 and</li><li>revenue grows 17% a year from 2025 to 2030, then</li></ul><p>the stock is worth just $200/share today – an 80% downside to the current price.</p><p>In this scenario, Tesla sells 7 million cars (27% of the global passenger EV market in 2030) at an ASP of $47K (average new car price in U.S. in 2021) and grows NOPAT by 24% compounded annually from 2022 to 2030.</p><p>We also assume a more realistic NOPAT margin of 9% in this scenario, which is 1.3x higher than Toyota’s industry-leading five-year average NOPAT margin of 7%. Given the required capital requirements to fund manufacturing and match increased competition in the EV market, Tesla is unlikely to achieve and sustain a margin as high as 9% from 2022 to 2030. If Tesla fails to meet these expectations, then the stock is worth less than $200/share.</p><p>Figure 4 compares the firm’s historical NOPAT to the NOPAT implied in the above scenarios to illustrate just how high the expectations baked into Tesla’s stock price remain. For additional context, we show Toyota’s, General Motors’, and Apple’s TTM NOPAT.</p><p><b>Figure 4: Tesla’s Historical and Implied NOPAT: DCF Valuation Scenarios</b></p><p><img src=\"https://static.tigerbbs.com/3e43f865637ac4c84e8199df2b05d061\" tg-width=\"630\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/></p><p>TSLA DCF Implied NOPAT(New Constructs, LLC)</p><p>Sources: New Constructs, LLC and company filings</p><p>Each of the above scenarios assumes Tesla’s invested capital grows 14% compounded annually through 2030. For reference, Tesla’s invested capital grew 49% compounded annually from 2011 to 2021 and 30% compounded annually since 2015.</p><p>An invested capital CAGR of 14% represents 1/3rdthe CAGR of Tesla’s property, plant, and equipment since 2011 and assumes the company can build future plants and produce cars 3x more efficiently than it has so far.</p><p>In other words, we aim to provide inarguably best-case scenarios for assessing the expectations for future market share and profits reflected in Tesla’s stock market valuation.</p><p><b>Tesla Won’t Be the Only One to Fall</b></p><p>Other meme stocks have taken pages from the Musk playbook and will likely suffer the same fate we expect Tesla to suffer once the game is up. GameStop (GME) promised to transform itself into an ecommerce powerhouse, yet the company continues to head in the opposite direction and earnings continue to disappoint. GameStop’s Core Earnings fell from -$200 million in fiscal 2021 to -$321 million in fiscal 2022.</p><p>Despite the company’s inability to quickly execute operational change, GameStop’s stock has remained well above a reasonable valuation thanks in part to announcing the launch of a marketplace for nonfungible tokens (NFTs) and partnerships with blockchain firms.</p><p>AMC Entertainment Holdings (AMC) has also run several Tesla-esque plays to prop up its stock. Indeed, the company’s CEO recently tweeted that the company is “playing on offense again” with its investment in a microcap gold mine. Before gold mines, the company got on the crypto bandwagon in 2021 by accepting Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.</p><p>Beyond the repeated attempts at propping up their stocks, the fundamentally weak business models of Tesla, GameStop, and AMC Entertainment in highly competitive industries burn cash and continue to dilute shareholders whenever possible. Per Figure 5, despite combining for more than $1.1 trillion of market cap, Tesla, AMC Entertainment, and GameStop have a combined economic book value, our measure of the no growth value of a stock, of -$52 billion and -$4.3 billion of free cash flow over the past twelve months.</p><p><b>Figure 5: Meme Stock’s Market Cap, Economic Book Value &amp; FCF: TTM</b></p><p><img src=\"https://static.tigerbbs.com/add55782c8e6b0e8a891f84c9ec7421f\" tg-width=\"630\" tg-height=\"119\" referrerpolicy=\"no-referrer\"/></p><p>Meme Stocks Market Cap, Economic Book Value, FCF(New Constructs, LLC)</p><p>Sources: New Constructs, LLC and company filings</p><p><i>This article originally published on April 14, 2022.</i></p><p><i>Disclosure: David Trainer, Kyle Guske II, and Matt Shuler receive no compensation to write about any specific stock, sector, style, or theme.</i></p><p>[1] Tesla’s ASP = (total automotive revenues – regulatory credits) / deliveries</p><p>[2] General Motors’ ASP = Vehicle, parts and accessories / wholesale vehicle sales</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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}\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\">\nIs The End Near For Musk And Tesla?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-20 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4501979-is-the-end-near-for-musk-and-tesla><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryDespite recent gains, investors should consider selling Tesla and other meme stocks now, before institutional money bails.While regulators may still be too frightened to hold Musk accountable, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4501979-is-the-end-near-for-musk-and-tesla\">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://seekingalpha.com/article/4501979-is-the-end-near-for-musk-and-tesla","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105569285","content_text":"SummaryDespite recent gains, investors should consider selling Tesla and other meme stocks now, before institutional money bails.While regulators may still be too frightened to hold Musk accountable, a change in public opinion would be far more consequential to Musk and his empire.The hype around Musk’s stake in Twitter and the speculation around his plans for the social media platform takes focus away from the troubles, which are many, ahead of Tesla.For years, Elon Musk has used hype to prop up Tesla’s stock. It’s worked so well that other companies have followed his lead. But now, we think the world has seen that the emperor has no clothes. The attempted Twitter (TWTR) takeover is yet another example of Musk bullying his way into what he wants and underscores how his super-star status cannot always convince people to overlook his irreverent, reckless, and potentially illegal behavior. As the recent lawsuit againstMusk shows, he is not completely immune from the consequences of his actions. Despite recent gains, investors should consider selling Tesla (NASDAQ:TSLA) and other meme stocks now, before institutional money bails.End of the Road for MuskMost investors are keenly aware of Musk’s long history of making grand promises that don’t come true – the Roadster, the Semi, the Cybertruck, full-self driving (FSD) etc. – and at times are blatantly unethical, such as tweeting “funding secured” to go private, and pumping Doge coin. But now, we have evidence that he may have acted illegally in the way he reported his purchases of Twitter stock. Given the clear rules about how investors should report large stakes in public companies – like what Musk has in Twitter – this case seems straightforward: Musk broke the rules.The next question is how severely he will be punished. If the past is any guide, regulators will not muster more than a slap on the wrist. The real question is how institutional investors will react to signs Musk has pushed the envelope too far.Institutional investors own Tesla stock more often because they must, given its influence on their performance, than because they see it as a good investment. Any investor with a rigorous process can see the stock is ridiculously overvalued; so, you own it for the “Musk effect”. Accordingly, the institutional investors’ decision to sell Tesla stock will be based on when Musk’s outsized influence begins to wane.We think that moment has come.Musk Meets His Maker: TwitterIn our view, Musk’s repeated rule-breaking behavior has finally gone too far. Details of the case are still emerging, but Musk’s failure to disclose his more than 5% stake in Twitter arguably hurt investors who sold shares after he crossed that ownership threshold. Instead, Musk kept purchasing shares until reaching a 9% stake in Twitter before disclosing his position. The initial class-action lawsuit and the potential for more have finally gotten the attention of investors, if not regulators.The poor reception Twitter’s employees gave the news of Musk’s stake is a very public rejection of his super-star influencer status and provide the first tangible evidence that maybe his star power has limitations. If a hostile takeover prompts a mass exodus of talent, then Musk might end up destroying the company in the process of buying it. That being said, the loudest voices in the company are not necessarily the most valuable.As more people join lawsuits against Musk, and Twitter employees continue to express their mistrust of the company’s largest shareholder, institutional investors may seize this moment to quietly unload their shares of overvalued Tesla stock. Now is the time to sell because the price of the stock to this point has been more a reflection of Musk’s ability to draw an audience than any underlying fundamental value in the company.Live by the Stunt, Die by the StuntUltimately, it appears that as much as Twitter was the launch pad for Musk’s super influence powers, his failure thus far to win the publicity battle could mark the beginning-of-the-end of his super-star status.Musk’s Twitter play, which is another in a long series of distractions, could end poorly for Musk. Instead of addressing Tesla’s issues, Musk appears to be attempting to position himself as a defender of free speech. The risk he faces is that instead of looking like a hero he looks more like a bully running an ego-driven takeover with little regard for the rules. While regulators may still be too frightened to hold Musk accountable (more on this below), a change in public opinion would be far more consequential to Musk and his empire.Tesla’s investors have not been impressed with Musk’s Twitter antics either, as the stock is down 11% since he announced his ownership in the social media giant. Likewise, the “Musk bump” in Twitter shares is likely to fade as investors realize the only value Musk brought was publicity, and not good publicity either. Although Twitter remains a popular platform, it has its own problems and suggestions such as removing a letter from its name can do more harm than good.Why Haven’t Regulators Done Anything Before Now?Tesla’s high stock price has, thus far, kept its CEO well beyond an arm’s length of regulators. Other executives in other times likely would have faced consequences for many of the things Musk has said and done. Today, Tesla’s high stock price indicates investors’ collective belief in Musk’s promises and protects Musk. Regulators don’t want to be accused of causing the company’s stock price to fall, thereby destroying the wealth of many investors and, as a result, footing the cost of defending against numerous shareholder lawsuits.Furthermore, Musk can claim Tesla’s elevated stock price and the wealth it endows is what he needs to fulfill his outlandish promises over time. However, should Tesla’s stock price ever reflect realistic expectations for the company, authorities may feel emboldened to pursue legal or regulatory action against Musk and/or Tesla. Credible claims can be made for several offenses, including:stock and cryptocurrency manipulationfalse advertising of Full Self Driving (FSD)ignoring safety authoritiesneglecting to file documentation on time related to his purchase of Twitter’s sharesand other claims of dubious veracityWhat Will Regulators Do When the Bubble Pops?Musk has positioned himself as a pop-culture icon. Though society loves to build up celebrities, so too does it love tearing them down even more. Once Tesla’s stock price falls from its overly inflated levels, Musk will lose his cover that has protected him from all his unethical and arguably illegal behavior. Regulators are likely to come after Musk with knives out after all the humiliation they had to suffer at his hand.Trouble on the HorizonAll the hype around Musk’s large stake in Twitter and the speculation around his plans for the social media platform takes focus away from the troubles, which are many, ahead for Tesla. Of course, that is likely his goal. Below we discuss the fundamentals of Tesla’s business, which cannot be wished away or made irrelevant with hype.Incumbents Are Catching Up: Tesla’s first-mover advantage has long been cited as reason enough for investors to pile their money into the company. However, that advantage is gone, and in some cases turning into a lag. Ford (F), Rivian (RIVN), and General Motors (GM) aim to produce EV trucks in 2022, but Tesla will be on the sidelines until at least 2023 before launching its Cybertruck.The rising competition from incumbents means the days of Tesla’s rising profitability could be numbered. For starters, 26% of the company’s GAAP earnings in 2021 were from the sale of regulatory credits, not from the underlying economics of making and selling vehicles and other ancillary services.Once incumbents increase production of EVs they will need to purchase fewer credits from Elon. That means Tesla needs to actually start selling carsto make money. The catch-22 is that for the company to sell more cars, it first needs to increase its production capacity. If Tesla’s succeeds in selling more cars capital expenditure and working capital are primed to grow along with sales. Tesla needs to build economies of scale before it can benefit from them.Market Share Losses Continue: Incumbent automakers have entered the EV market with scale and are already taking market share from Tesla. Per Figure 2, Tesla’s share of global EV sales fell from 16% in 2019 to 14% in 2021.Tesla’s share of the U.S. EV market fell from 79% in2020to 70% in2021. With light truck sales comprising more than three out of every four vehicles sold in the U.S. in January 2022, Tesla falling behind in truck EVs means its share of the U.S. market could fall further.Figure 2: Tesla’s Share of the Global EV SalesTSLA Market Share Since 2019(New Constructs, LLC)Sources: New Constructs, LLC, EV-volumes.com and StatistaSlow Start to 2022:Though Teslaforecastedan at least 50% YoY rise in deliveries in 2022, the company is feeling the effects of supply chain problems – just like every other automaker. The company delivered 310,000 vehicles in the quarter, while consensus estimates were for 313,000.Reverse DCF Math: Valuation Implies Tesla Will Own at Least 57% of the Global Passenger EV MarketDespite the increased competition, failure to meet delivery expectations, and diminutive share of the global EV market in 2021, Tesla’s valuation implies the company will own 57% of the global passenger EV market in 2030.Even if Tesla increases the average selling price (ASP) per vehicle to $55K vs. ($49K in 2021), Tesla’s stock price at ~$1,100/share implies the firm will sell 15 million vehicles in 2030 versus ~936k in 2021. That figure represents 57% of the projected base case global EV passenger vehicle market in 2030 and the implied vehicle sales based on a lower ASP looks even more unrealistic.To provide inarguably best-case scenarios for assessing the expectations reflected in Tesla’s stock price, we assume Tesla achieves profit margins 1.5x Toyota Motor Corp (TM) and triples its current auto manufacturing efficiency.Per Figure 3, an $1,100/share price implies that, in 2030, Tesla will sell the following number of vehicles based on these ASP benchmarks:15 million vehicles – ASP of $55K (above average U.S. new car price of $47K in 2021)7 million vehicles – ASP of $49K (equal to Tesla’s 2021 ASP[1])21 million vehicles – ASP of $38K (equal to General Motors’ ASP[2] of $38K in 2021)If Tesla achieves those EV sales, the implied market share for the company would be the following (assuming global passenger EV sales reach 26 million in 2030, the base case projection from the IEA):57% for 15 million vehicles64% for 17 million vehicles83% for 21 million vehiclesIf we assume the IEA’s best case for global passenger EV sales in 2030, 47 million vehicles, the above vehicle sales represent:31% for 15 million vehicles35% for 17 million vehicles45% for 21 million vehiclesFigure 3: Tesla’s Implied Vehicle Sales in 2030 to Justify $1,100/ShareTSLA DCF Implied Vehicle Production(New Constructs, LLC)Sources: New Constructs, LLC and company filingsTesla Must Generate More Profits Than Apple For Investors to Make MoneyBelow are the assumptions we use in our reverse discounted cash flow model to calculate the implied production levels above.Bulls should understand what Tesla needs to accomplish to justify ~$1,100/share:immediately achieve a 14% NOPAT margin (1.5x Toyota’s margin, which is the highest of the large-scale automakers we cover), compared to Tesla’s TTM margin of 8%) andgrow revenue by 32% compounded annually from 2022 to 2030.In this scenario, Tesla generates $811 billion in revenue in 2030, which is 116% of the combined revenues of Toyota, Stellantis (STLA), Ford, General Motors, and Honda (HMC) over the past twelve months. Tesla must replace the U.S. auto industry before 2030 to justify current valuations.This scenario also implies Tesla grows net operating profit after-tax (NOPAT) by 2,458% from 2021 to 2030. In this scenario, Tesla generates $112 billion in NOPAT in 2030, or 12% higher than Apple’s (AAPL) TTM NOPAT, which, at $100 billion, is the highest of all companies we cover, and 65% higher than Microsoft (MSFT), the second-highest. Those companies have intertwined themselves in the lives of consumers and businesses around the world, which seems an unlikely feat for Tesla at this point.TSLA Has 46% Downside If Morgan Stanley Is Right About SalesIf we assume Tesla reaches Morgan Stanley’s estimate of selling 8.1 million cars in 2030 (which implies a 31% share of the global passenger EV market in 2030), at an ASP of $55k, the stock is worth just $542/share. Details:NOPAT margin improves to 14% andrevenue grows 27% compounded annually over the next decade, thenthe stock is worth just $547/share today – a 46% downside to the current price. See the math behind this reverse DCF scenario. In this scenario, Tesla grows NOPAT to $62 billion, or nearly 14x its 2021 NOPAT, and just 7% below Alphabet’s (GOOGL) 2021 NOPAT.TSLA Has 80%+ Downside Even with 27% Market Share and Realistic MarginsIf we estimate more reasonable (but still very optimistic) margins and market share achievements for Tesla, the stock is worth just $200/share. Here’s the math:NOPAT margin improves to 9% (equal to Toyota’s TTM margin) andrevenue grows by consensus estimates from 2022 to 2024 andrevenue grows 17% a year from 2025 to 2030, thenthe stock is worth just $200/share today – an 80% downside to the current price.In this scenario, Tesla sells 7 million cars (27% of the global passenger EV market in 2030) at an ASP of $47K (average new car price in U.S. in 2021) and grows NOPAT by 24% compounded annually from 2022 to 2030.We also assume a more realistic NOPAT margin of 9% in this scenario, which is 1.3x higher than Toyota’s industry-leading five-year average NOPAT margin of 7%. Given the required capital requirements to fund manufacturing and match increased competition in the EV market, Tesla is unlikely to achieve and sustain a margin as high as 9% from 2022 to 2030. If Tesla fails to meet these expectations, then the stock is worth less than $200/share.Figure 4 compares the firm’s historical NOPAT to the NOPAT implied in the above scenarios to illustrate just how high the expectations baked into Tesla’s stock price remain. For additional context, we show Toyota’s, General Motors’, and Apple’s TTM NOPAT.Figure 4: Tesla’s Historical and Implied NOPAT: DCF Valuation ScenariosTSLA DCF Implied NOPAT(New Constructs, LLC)Sources: New Constructs, LLC and company filingsEach of the above scenarios assumes Tesla’s invested capital grows 14% compounded annually through 2030. For reference, Tesla’s invested capital grew 49% compounded annually from 2011 to 2021 and 30% compounded annually since 2015.An invested capital CAGR of 14% represents 1/3rdthe CAGR of Tesla’s property, plant, and equipment since 2011 and assumes the company can build future plants and produce cars 3x more efficiently than it has so far.In other words, we aim to provide inarguably best-case scenarios for assessing the expectations for future market share and profits reflected in Tesla’s stock market valuation.Tesla Won’t Be the Only One to FallOther meme stocks have taken pages from the Musk playbook and will likely suffer the same fate we expect Tesla to suffer once the game is up. GameStop (GME) promised to transform itself into an ecommerce powerhouse, yet the company continues to head in the opposite direction and earnings continue to disappoint. GameStop’s Core Earnings fell from -$200 million in fiscal 2021 to -$321 million in fiscal 2022.Despite the company’s inability to quickly execute operational change, GameStop’s stock has remained well above a reasonable valuation thanks in part to announcing the launch of a marketplace for nonfungible tokens (NFTs) and partnerships with blockchain firms.AMC Entertainment Holdings (AMC) has also run several Tesla-esque plays to prop up its stock. Indeed, the company’s CEO recently tweeted that the company is “playing on offense again” with its investment in a microcap gold mine. Before gold mines, the company got on the crypto bandwagon in 2021 by accepting Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.Beyond the repeated attempts at propping up their stocks, the fundamentally weak business models of Tesla, GameStop, and AMC Entertainment in highly competitive industries burn cash and continue to dilute shareholders whenever possible. Per Figure 5, despite combining for more than $1.1 trillion of market cap, Tesla, AMC Entertainment, and GameStop have a combined economic book value, our measure of the no growth value of a stock, of -$52 billion and -$4.3 billion of free cash flow over the past twelve months.Figure 5: Meme Stock’s Market Cap, Economic Book Value & FCF: TTMMeme Stocks Market Cap, Economic Book Value, FCF(New Constructs, LLC)Sources: New Constructs, LLC and company filingsThis article originally published on April 14, 2022.Disclosure: David Trainer, Kyle Guske II, and Matt Shuler receive no compensation to write about any specific stock, sector, style, or theme.[1] Tesla’s ASP = (total automotive revenues – regulatory credits) / deliveries[2] General Motors’ ASP = Vehicle, parts and accessories / wholesale vehicle sales","news_type":1},"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":278839403417904,"gmtCreate":1709103664983,"gmtModify":1709103669350,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"What reprieve?? 😂 can't compete!","listText":"What reprieve?? 😂 can't compete!","text":"What reprieve?? 😂 can't compete!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278839403417904","repostId":"1188525695","repostType":2,"repost":{"id":"1188525695","pubTimestamp":1709097050,"share":"https://www.laohu8.com/m/news/1188525695?lang=&edition=full","pubTime":"2024-02-28 13:10","market":"us","language":"en","title":"Apple's EV Wind Down Offers Reprieve to Tesla and Detroit Rivals","url":"https://stock-news.laohu8.com/highlight/detail?id=1188525695","media":"Bloomberg","summary":"Automakers have faced challenges in struggling EV marketTesla likely relieved to avoid Apple competition, analyst saysThe sudden demise of $Apple Inc.(AAPL)$’s electric vehicle program is a bleak sign","content":"<html><head></head><body><ul style=\"\"><li><p>Automakers have faced challenges in struggling EV market</p></li><li><p>Tesla likely relieved to avoid Apple competition, analyst says</p></li></ul><p>The sudden demise of <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a>’s electric vehicle program is a bleak sign for the car market. It’s also a welcome boon for automakers themselves.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Inc.</a> and Detroit’s automakers can breathe a sigh of relief after the electronics giant scrapped its car program, eliminating a threat in an EV market where growth is slowing and providing a pool of engineers and other talent who may be out of a job.</p><p>In the past year, Elon Musk’s company has cut prices and warned of slumping demand, while established carmakers like <a href=\"https://laohu8.com/S/GM\">General Motors Co.</a> and <a href=\"https://laohu8.com/S/F\">Ford Motor Co.</a> have delayed investment and pulled back production plans. Now they have one fewer competitor to worry about in a crowded and uncertain arena, especially a tech company with $61 billion in cash to throw around.</p><p>“They’re probably relieved,” said Gartner Inc. analyst Mike Ramsey. “Apple getting in the market scared people early on.”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/199bd8c3659d5cfacc3d53d07a71dd51\" tg-width=\"777\" tg-height=\"424\"/></p><p>Apple exiting the EV market before it really revved up underscores just how tough the business has become. The cars are still too expensive for most consumers and charging is patchy in the US. EV sales are expected to rise just 9% this year, after growing at a compounded annual rate of 65% over the past three years, according to a forecast by Bloomberg Intelligence.</p><p>That means every company standing will be fighting over about 10% of new buyers in the US market.</p><p>EV startups are already struggling amid meager sales and heavy cash burn. <a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive Inc.</a> forecast flat production this year and said it would lay off workers, sending its shares to their biggest ever decline. <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc.</a> will only make 9,000 vehicles this year, putting it on weaker financial footing.</p><p>Hertz Global Holdings Inc. last month revealed plans to sell 20,000 plug-in vehicles — a third of its US EV fleet — due to weak demand, rapid depreciation in value and high repair costs. It marked a sharp reversal from Hertz’s earlier embrace of EVs from Tesla and other automakers.</p><p>While GM is having a hard time building EVs due to production problems, Ford has seen demand fall and has reined in investment plans. GM delayed plans to open an electric pickup plant outside Detroit. Germany’s Mercedes-Benz has backed off its plan to sell only EVs by 2030.</p><h3 id=\"id_1759574112\">Auto Market Disruption</h3><p>This is another example of the tech sector underestimating how difficult it is to disrupt the auto sector, said Jeff Schuster, global vice president of automotive research at consultant GlobalData.</p><p>“Everybody from that world just looks at it and thinks, ‘Oh, these dinosaurs, we can come in, this is easy, what could be so difficult? We manufacture phones and we have all this technology, we can take it over,’” Schuster said in an interview. “Nine times out of 10, most find it a little more challenging and certainly more dynamic and complex than they expect.”</p><p>Tesla may benefit the most from Apple’s about-face. The last thing Musk wanted a year after cutting prices on his vehicles by 25% or more was a Silicon Valley rival with the same kind of high-tech appeal, Ramsey said.</p><p>“They certainly had the most downside,” he said. “Tesla benefits big time from being a status vehicle. And an Apple EV definitely would be a status vehicle.”</p><p>Celebrating the move, Musk on Tuesday sent a post on X with a saluting emoji and a cigarette.</p><p>Automakers will now also be looking to snap up some of that talent, said Brad Holden, a founder of the executive search firm Holden Richardson.</p><p>“There will be great talent on the street so it will be picked up,” Holden said.</p></body></html>","source":"lsy1584095487587","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>Apple's EV Wind Down Offers Reprieve to Tesla and Detroit Rivals</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\">\nApple's EV Wind Down Offers Reprieve to Tesla and Detroit Rivals\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-28 13:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/features/2024-02-27/tesla-cybertruck-review-elon-s-electric-beast-is-bizarre-but-not-a-bad-drive?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Automakers have faced challenges in struggling EV marketTesla likely relieved to avoid Apple competition, analyst saysThe sudden demise of Apple Inc.’s electric vehicle program is a bleak sign for the...</p>\n\n<a href=\"https://www.bloomberg.com/news/features/2024-02-27/tesla-cybertruck-review-elon-s-electric-beast-is-bizarre-but-not-a-bad-drive?srnd=homepage-asia\">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","GM":"通用汽车","LCID":"Lucid Group Inc","F":"福特汽车","RIVN":"Rivian Automotive, Inc."},"source_url":"https://www.bloomberg.com/news/features/2024-02-27/tesla-cybertruck-review-elon-s-electric-beast-is-bizarre-but-not-a-bad-drive?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188525695","content_text":"Automakers have faced challenges in struggling EV marketTesla likely relieved to avoid Apple competition, analyst saysThe sudden demise of Apple Inc.’s electric vehicle program is a bleak sign for the car market. It’s also a welcome boon for automakers themselves.Tesla Inc. and Detroit’s automakers can breathe a sigh of relief after the electronics giant scrapped its car program, eliminating a threat in an EV market where growth is slowing and providing a pool of engineers and other talent who may be out of a job.In the past year, Elon Musk’s company has cut prices and warned of slumping demand, while established carmakers like General Motors Co. and Ford Motor Co. have delayed investment and pulled back production plans. Now they have one fewer competitor to worry about in a crowded and uncertain arena, especially a tech company with $61 billion in cash to throw around.“They’re probably relieved,” said Gartner Inc. analyst Mike Ramsey. “Apple getting in the market scared people early on.”Apple exiting the EV market before it really revved up underscores just how tough the business has become. The cars are still too expensive for most consumers and charging is patchy in the US. EV sales are expected to rise just 9% this year, after growing at a compounded annual rate of 65% over the past three years, according to a forecast by Bloomberg Intelligence.That means every company standing will be fighting over about 10% of new buyers in the US market.EV startups are already struggling amid meager sales and heavy cash burn. Rivian Automotive Inc. forecast flat production this year and said it would lay off workers, sending its shares to their biggest ever decline. Lucid Group Inc. will only make 9,000 vehicles this year, putting it on weaker financial footing.Hertz Global Holdings Inc. last month revealed plans to sell 20,000 plug-in vehicles — a third of its US EV fleet — due to weak demand, rapid depreciation in value and high repair costs. It marked a sharp reversal from Hertz’s earlier embrace of EVs from Tesla and other automakers.While GM is having a hard time building EVs due to production problems, Ford has seen demand fall and has reined in investment plans. GM delayed plans to open an electric pickup plant outside Detroit. Germany’s Mercedes-Benz has backed off its plan to sell only EVs by 2030.Auto Market DisruptionThis is another example of the tech sector underestimating how difficult it is to disrupt the auto sector, said Jeff Schuster, global vice president of automotive research at consultant GlobalData.“Everybody from that world just looks at it and thinks, ‘Oh, these dinosaurs, we can come in, this is easy, what could be so difficult? We manufacture phones and we have all this technology, we can take it over,’” Schuster said in an interview. “Nine times out of 10, most find it a little more challenging and certainly more dynamic and complex than they expect.”Tesla may benefit the most from Apple’s about-face. The last thing Musk wanted a year after cutting prices on his vehicles by 25% or more was a Silicon Valley rival with the same kind of high-tech appeal, Ramsey said.“They certainly had the most downside,” he said. “Tesla benefits big time from being a status vehicle. And an Apple EV definitely would be a status vehicle.”Celebrating the move, Musk on Tuesday sent a post on X with a saluting emoji and a cigarette.Automakers will now also be looking to snap up some of that talent, said Brad Holden, a founder of the executive search firm Holden Richardson.“There will be great talent on the street so it will be picked up,” Holden said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199974861934872,"gmtCreate":1689845734285,"gmtModify":1689846380542,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Bloomberg needs Tesla to sell news. Pathetic&nbsp;","listText":"Bloomberg needs Tesla to sell news. Pathetic&nbsp;","text":"Bloomberg needs Tesla to sell news. Pathetic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/199974861934872","repostId":"1190549515","repostType":2,"repost":{"id":"1190549515","pubTimestamp":1689952631,"share":"https://www.laohu8.com/m/news/1190549515?lang=&edition=full","pubTime":"2023-07-21 23:17","market":"us","language":"en","title":"Tesla's Market Cap Rises the More Its Margins Fall","url":"https://stock-news.laohu8.com/highlight/detail?id=1190549515","media":"Bloomberg","summary":"An astonishing $534 billion increase so far this year is not even the half of it.Tesla Inc.’s latest results gave bulls a lot of what they wanted: An earnings beat, tantalizing shots of the Cybertruck and an “internal projection of Dojo compute power,” referring to the in-house supercomputer. What they didn’t get was a satisfactory resolution to the defining question of the year: When will Tesla’s margins and market cap stop diverging?Margins and cash flow also might come under pressure to fund ","content":"<html><head></head><body><ul><li><p>An astonishing $534 billion increase so far this year is not even the half of it.</p></li></ul><p>Tesla Inc.’s latest results gave bulls a lot of what they wanted: An earnings beat, tantalizing shots of the Cybertruck and an “internal projection of Dojo compute power,” referring to the in-house supercomputer. What they didn’t get was a satisfactory resolution to the defining question of the year: When will Tesla’s margins and market cap stop diverging?</p><p style=\"text-align: start;\">The (non-GAAP) earnings beat of 10 cents in the second quarter was itself less than meets the eye — it was owed entirely to $417 million of “other income” and minority shareholder adjustments below the operating line. From that line and above, pressure from Tesla’s series of price cuts was far more evident. In a sense, the better-than-expected earnings served to highlight the weaker metrics further up the income statement.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/983a6d47c01195acf12ea9aeb577c1c9\" tg-width=\"730\" tg-height=\"435\"/></p><p>Tesla’s closely watched automotive gross margin adjusted for regulatory credits slipped further to just above 18%, eight points down from a year before and the lowest in four years. The company’s operating margin, including all businesses, slipped five points from a year ago to below 10%, the lowest in over two years. The EV maker may tout industry-leading margins, but at the operating line it now looks more middle of the pack.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e604894bfb028f35c04e06f353a3f72d\" tg-width=\"737\" tg-height=\"434\"/></p><p>Much of the underlying financial narrative here was established in the first quarter. Tesla has produced more vehicles than it sold for five quarters straight, undermining claims that the company is merely supply constrained. With an ambitious <u>annual growth target of 50%, compounded,</u> being central to Tesla’s equity story, the<strong> </strong>upstart has done the old-school automotive thing of cutting prices to move metal. Meanwhile, it prioritizes building more capacity, a down payment on growth tomorrow but another drag on margins today.</p><p>Implied average selling prices, excluding leases, fell further to under $47,000, down by more than $9,000 from a year ago. That’s despite a rebound in deliveries of premium Model S and X vehicles this quarter. The implied gross margin per vehicle of less than $9,000 is about $7,000 below the level of a year before. The buildupin inventory and pressure on margins also suppressed cash flow. There was another big working capital headwind in the quarter, if less intense than the prior one, leaving Tesla generating $1 billion of free cash flow — less than half the consensus estimate.</p><p>The optimistic take on this is that, as Tesla delivers more and more vehicles, you would expect average vehicle prices to decline — how else to bring electrification to the masses? Margins and cash flow also might come under pressure to fund growth — the Dojo supercomputer has to be paid for somehow — but volume should make up for that to a large degree.</p><p style=\"text-align: start;\">Yet, the gap between movements in top-line metrics and absolute dollars of gross, operating and — even with that timely “other” help — net earnings over the past year is jarring.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc5cd1aafea3a2679d7272d0cb817485\" tg-width=\"733\" tg-height=\"363\"/></p><p>What makes it all the more so, of course, is that Tesla’s market cap increased by $132 billion across the same period. That actually doesn’t do the enthusiasm justice: The market cap has increased by more than $530 billion so far this year and, at $923 billion today, it is surely a mere well-timed AI-related story away from hitting the trillion-dollar mark once again. The stock now trades at almost 100 times forecast 2023 GAAP earnings. And all of this in a year when the cost of maintaining growth is clear to see. Best to lead with the Dojo.</p></body></html>","source":"lsy1584095487587","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's Market Cap Rises the More Its Margins Fall</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's Market Cap Rises the More Its Margins Fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-21 23:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2023-07-20/tesla-s-market-cap-rises-the-more-its-margins-fall?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>An astonishing $534 billion increase so far this year is not even the half of it.Tesla Inc.’s latest results gave bulls a lot of what they wanted: An earnings beat, tantalizing shots of the Cybertruck...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2023-07-20/tesla-s-market-cap-rises-the-more-its-margins-fall?srnd=markets-vp\">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.bloomberg.com/opinion/articles/2023-07-20/tesla-s-market-cap-rises-the-more-its-margins-fall?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190549515","content_text":"An astonishing $534 billion increase so far this year is not even the half of it.Tesla Inc.’s latest results gave bulls a lot of what they wanted: An earnings beat, tantalizing shots of the Cybertruck and an “internal projection of Dojo compute power,” referring to the in-house supercomputer. What they didn’t get was a satisfactory resolution to the defining question of the year: When will Tesla’s margins and market cap stop diverging?The (non-GAAP) earnings beat of 10 cents in the second quarter was itself less than meets the eye — it was owed entirely to $417 million of “other income” and minority shareholder adjustments below the operating line. From that line and above, pressure from Tesla’s series of price cuts was far more evident. In a sense, the better-than-expected earnings served to highlight the weaker metrics further up the income statement.Tesla’s closely watched automotive gross margin adjusted for regulatory credits slipped further to just above 18%, eight points down from a year before and the lowest in four years. The company’s operating margin, including all businesses, slipped five points from a year ago to below 10%, the lowest in over two years. The EV maker may tout industry-leading margins, but at the operating line it now looks more middle of the pack.Much of the underlying financial narrative here was established in the first quarter. Tesla has produced more vehicles than it sold for five quarters straight, undermining claims that the company is merely supply constrained. With an ambitious annual growth target of 50%, compounded, being central to Tesla’s equity story, the upstart has done the old-school automotive thing of cutting prices to move metal. Meanwhile, it prioritizes building more capacity, a down payment on growth tomorrow but another drag on margins today.Implied average selling prices, excluding leases, fell further to under $47,000, down by more than $9,000 from a year ago. That’s despite a rebound in deliveries of premium Model S and X vehicles this quarter. The implied gross margin per vehicle of less than $9,000 is about $7,000 below the level of a year before. The buildupin inventory and pressure on margins also suppressed cash flow. There was another big working capital headwind in the quarter, if less intense than the prior one, leaving Tesla generating $1 billion of free cash flow — less than half the consensus estimate.The optimistic take on this is that, as Tesla delivers more and more vehicles, you would expect average vehicle prices to decline — how else to bring electrification to the masses? Margins and cash flow also might come under pressure to fund growth — the Dojo supercomputer has to be paid for somehow — but volume should make up for that to a large degree.Yet, the gap between movements in top-line metrics and absolute dollars of gross, operating and — even with that timely “other” help — net earnings over the past year is jarring.What makes it all the more so, of course, is that Tesla’s market cap increased by $132 billion across the same period. That actually doesn’t do the enthusiasm justice: The market cap has increased by more than $530 billion so far this year and, at $923 billion today, it is surely a mere well-timed AI-related story away from hitting the trillion-dollar mark once again. The stock now trades at almost 100 times forecast 2023 GAAP earnings. And all of this in a year when the cost of maintaining growth is clear to see. Best to lead with the Dojo.","news_type":1},"isVote":1,"tweetType":1,"viewCount":75,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941958344,"gmtCreate":1679926744389,"gmtModify":1679926748526,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Totally agree💪🏻","listText":"Totally agree💪🏻","text":"Totally agree💪🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941958344","repostId":"1168281983","repostType":2,"repost":{"id":"1168281983","pubTimestamp":1679926436,"share":"https://www.laohu8.com/m/news/1168281983?lang=&edition=full","pubTime":"2023-03-27 22:13","market":"us","language":"en","title":"Tesla: Price Cuts Are A Clear Signal Of Leadership, Not Competition","url":"https://stock-news.laohu8.com/highlight/detail?id=1168281983","media":"Seekingalpha","summary":"SummaryI argue investors likely misinterpret Tesla management's rationale behind cutting prices.Tesl","content":"<html><head></head><body><h2>Summary</h2><ul><li>I argue investors likely misinterpret Tesla management&#39;s rationale behind cutting prices.</li><li style=\"text-align:left;\">Tesla&#39;s aggressive price cuts are likely not a reflection of a short-term tactical response to increased competition . . .</li><li style=\"text-align:left;\">. . . but rather a signal of the EV maker&#39;s long-term strategic to capture a 20 million EVs per year SAM by 2030, which requires price affordability.</li><li style=\"text-align:left;\">Tesla&#39;s price-cuts are supported by cost-leadership -- anchored industrial scale and sophistication in producing EVs.</li><li style=\"text-align:left;\">On the backdrop of the assumption that selling 20 million EVs by 2030 is reasonable, I value Tesla shares at a $310.61 target price.</li></ul><p>Earlier this year, Tesla&#39;s decision to cut prices for the Model 3 and Y caused TSLA stock to fall sharply -- with Tesla shares intermittently trading down to nearly $100/share. Now, although Tesla&#39;s stock has somewhat recovered, the EV maker&#39;s valuation is still about 55% below ATH, as concerns about competition/ price-cuts continue to pressure investor sentiment.</p><p>That said, investors likely misinterpret Tesla management&#39;s rationale behind cutting prices. In my opinion, Tesla&#39;s aggressive price cuts are likely not a reflection of a short-term tactical response to increased competition, but rather a signal of the EV maker&#39;s long-term strategic ambition to capture an enormous market share in the next-generation of mobility. In other words: on the backdrop of cost-leadership, Tesla is preparing to bring electric mobility to the mass-market. If in the process Tesla can take out some competitors, all the better.</p><h2>Price Cuts Signal Leadership</h2><p>Given the (comparably) low production number of electric vehicles, as well as the high R&amp;D costs to build and improve the relatively new technology, EVs have long been considered too expensive to produce for/ sell to the mass market. But the situation has changed: After years of expanding production, Tesla has now captured enough industrial scale and sophistication in producing EVs to profitably sell at prices that are almost competitive with gasoline-powered cars. And likely as a consequence, Tesla has decided to pass down value unlocked through cost-efficiency to customers.</p><p>Tesla is known for having high profit margins and operating-efficiency. For the trailing twelve months, the EV maker has managed to claim an EBITDA margin of 21%, which is nearly 90% above the sector median. Similarly, Tesla&#39;s net income margin is 15.4%, a 236% premium to the sector median respectively. With regards to capital efficiency, Tesla enjoys a return on total assets (TTM reference) of approximately 15.3%, as compared to 4% for the sector median.</p><p><img src=\"https://static.tigerbbs.com/0f792873794c665c56be3d23a3707417\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"/></p><p>Needless to say, these are some quite amazing profitability numbers (relative to the industry). But according to commentary from Tesla&#39;s head of production, Tom Zhu, there might be still lots of untapped potential to capitalize on opportunities to further improve the cost-effectiveness of electric vehicles (EVs). In fact, anchored on the development of a new vehicle manufacturing platform, dubbed the &#34;New Generation Vehicle&#34;, Tesla aims to reduce the firm&#39;s manufacturing footprint by 40% and lower the manufacturing costs per EV unit by as much as 50%.</p><p>Reflecting on Tesla&#39;s strong profitability, and the outlook for further profitability expansion, the decision to cut prices seems like a reasonable strategic offensive to leverage the company&#39;s cost-leadership into capturing a larger SAM.</p><h2>Targeting A Larger SAM</h2><p>According to Bloomberg Intelligence, the market for light-duty EVs could potentially be as large as 60 million units by 2040--an enormous market potential. But, of course, it is unlikely that Tesla will be able to claim the lion share of this market without servicing the mass market. This is what the price cuts are for.</p><p><img src=\"https://static.tigerbbs.com/85def7f64ae6995c48c07a5291b6544e\" tg-width=\"640\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/>In my opinion, Tesla&#39;s price cuts are an early signal that Elon Musk&#39;s car company is prepared to lead the market for more &#39;accessibly&#39; priced EVs. With that frame of reference, I would like to point out what Tesla&#39;s head of production Tom Zhu said during Tesla&#39;s recent investor day: (emphasis mine)</p><blockquote>As long as you offer a product with value at affordable price you don’t have to worry about demand. We try everything to cut costs... and pass down that value to our customers.</blockquote><p>And until Tesla launches its mass-market accessible Model 2--rumored to be priced at $25k - $30k--discounting existing models is a reasonable lever to start targeting said market opportunity.</p><p>Thus, Tesla&#39;s lower prices are likely to be structural, rather than temporary--supporting Tesla&#39;s ambition to sell about 20 million electric vehicles per year by 2030. While Tesla&#39;s new pricing strategy might have some unfavorable short-term effects on margins and net-profitability, on a long-term perspective the strategy will very likely amplify scale and network effects and unlock a large commercial base for cross-selling post-purchase services--for example charging, insurance, and software.</p><h2>Valuation Offers Upside</h2><p>Reflecting on Tesla&#39;s SAM expansion, I view the company&#39;s 2030 ambition to sell 20 million cars per year as reasonable. To account for the volume expansion, however, I lower my average sales price per Tesla car to $52,000 and my net-profit margin assumption to 10.5% (pricing headwinds only partially offset by economies of scale).</p><p>I continue to assume that for every dollar of hardware sales, Tesla will be able to sell 20 cents of post-purchase revenue, including energy services, software solutions and insurance (for reference, Apple generates about 30 cents worth of services for every dollar of hardware sales). For Tesla&#39;s software business, I continue to view a 35% net-profit margin as reasonable.</p><p>Based on this, I now calculate a $140.43 billion annual economic profit, with a present value equal to $966 billion. This number discounted back to early 2023, assuming a 11% WACC, and adding a $16.432 billion of net-cash, gives an equity value of $983 billion, or $310.61/share.</p><p><img src=\"https://static.tigerbbs.com/2a7c23d83a673bd609af9eb459f0ad69\" tg-width=\"640\" tg-height=\"399\" referrerpolicy=\"no-referrer\"/>What if we vary the discount rate (row) and net % profit margin (column)? Here is the updated sensitivity analysis:</p><h2><img src=\"https://static.tigerbbs.com/cdb0c43bb52193c4ed512c4391a0e3ae\" tg-width=\"640\" tg-height=\"109\" referrerpolicy=\"no-referrer\"/>Conclusion</h2><p>There’s a gap in the market for $25k EVs. And Tesla enjoys the cost-leadership to fill it. Conceptually speaking, the EV narrative has so far evolved in four stages: First, an early promise is enough to excite investors (ref. Nikola). Second, EV companies needed to prove that they actually have a technology/ product (ref. Lucid). Third, companies rushed to test if their technology/ product can be commercialized in a sustainable business model. Now we are in the fourth phase, which requires companies to build industrial scale and cost-efficiency. And like for phase one, two, and three, Tesla is leading the way.</p><p>Personally, I view Tesla&#39;s 2030 ambition to sell 20 million cars per year as reasonable -- the market size is the enabler, and Tesla&#39;s cost-leadership is the lever. Anchored on that assumption, I value Tesla shares at a $310.61 target price. Reiterate &#39;Buy&#39; rating.</p></body></html>","source":"seekingalpha","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: Price Cuts Are A Clear Signal Of Leadership, Not Competition</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: Price Cuts Are A Clear Signal Of Leadership, Not Competition\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-27 22:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4590324-tesla-price-cuts-signal-of-leadership-not-competition><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryI argue investors likely misinterpret Tesla management's rationale behind cutting prices.Tesla's aggressive price cuts are likely not a reflection of a short-term tactical response to increased...</p>\n\n<a href=\"https://seekingalpha.com/article/4590324-tesla-price-cuts-signal-of-leadership-not-competition\">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://seekingalpha.com/article/4590324-tesla-price-cuts-signal-of-leadership-not-competition","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1168281983","content_text":"SummaryI argue investors likely misinterpret Tesla management's rationale behind cutting prices.Tesla's aggressive price cuts are likely not a reflection of a short-term tactical response to increased competition . . .. . . but rather a signal of the EV maker's long-term strategic to capture a 20 million EVs per year SAM by 2030, which requires price affordability.Tesla's price-cuts are supported by cost-leadership -- anchored industrial scale and sophistication in producing EVs.On the backdrop of the assumption that selling 20 million EVs by 2030 is reasonable, I value Tesla shares at a $310.61 target price.Earlier this year, Tesla's decision to cut prices for the Model 3 and Y caused TSLA stock to fall sharply -- with Tesla shares intermittently trading down to nearly $100/share. Now, although Tesla's stock has somewhat recovered, the EV maker's valuation is still about 55% below ATH, as concerns about competition/ price-cuts continue to pressure investor sentiment.That said, investors likely misinterpret Tesla management's rationale behind cutting prices. In my opinion, Tesla's aggressive price cuts are likely not a reflection of a short-term tactical response to increased competition, but rather a signal of the EV maker's long-term strategic ambition to capture an enormous market share in the next-generation of mobility. In other words: on the backdrop of cost-leadership, Tesla is preparing to bring electric mobility to the mass-market. If in the process Tesla can take out some competitors, all the better.Price Cuts Signal LeadershipGiven the (comparably) low production number of electric vehicles, as well as the high R&D costs to build and improve the relatively new technology, EVs have long been considered too expensive to produce for/ sell to the mass market. But the situation has changed: After years of expanding production, Tesla has now captured enough industrial scale and sophistication in producing EVs to profitably sell at prices that are almost competitive with gasoline-powered cars. And likely as a consequence, Tesla has decided to pass down value unlocked through cost-efficiency to customers.Tesla is known for having high profit margins and operating-efficiency. For the trailing twelve months, the EV maker has managed to claim an EBITDA margin of 21%, which is nearly 90% above the sector median. Similarly, Tesla's net income margin is 15.4%, a 236% premium to the sector median respectively. With regards to capital efficiency, Tesla enjoys a return on total assets (TTM reference) of approximately 15.3%, as compared to 4% for the sector median.Needless to say, these are some quite amazing profitability numbers (relative to the industry). But according to commentary from Tesla's head of production, Tom Zhu, there might be still lots of untapped potential to capitalize on opportunities to further improve the cost-effectiveness of electric vehicles (EVs). In fact, anchored on the development of a new vehicle manufacturing platform, dubbed the \"New Generation Vehicle\", Tesla aims to reduce the firm's manufacturing footprint by 40% and lower the manufacturing costs per EV unit by as much as 50%.Reflecting on Tesla's strong profitability, and the outlook for further profitability expansion, the decision to cut prices seems like a reasonable strategic offensive to leverage the company's cost-leadership into capturing a larger SAM.Targeting A Larger SAMAccording to Bloomberg Intelligence, the market for light-duty EVs could potentially be as large as 60 million units by 2040--an enormous market potential. But, of course, it is unlikely that Tesla will be able to claim the lion share of this market without servicing the mass market. This is what the price cuts are for.In my opinion, Tesla's price cuts are an early signal that Elon Musk's car company is prepared to lead the market for more 'accessibly' priced EVs. With that frame of reference, I would like to point out what Tesla's head of production Tom Zhu said during Tesla's recent investor day: (emphasis mine)As long as you offer a product with value at affordable price you don’t have to worry about demand. We try everything to cut costs... and pass down that value to our customers.And until Tesla launches its mass-market accessible Model 2--rumored to be priced at $25k - $30k--discounting existing models is a reasonable lever to start targeting said market opportunity.Thus, Tesla's lower prices are likely to be structural, rather than temporary--supporting Tesla's ambition to sell about 20 million electric vehicles per year by 2030. While Tesla's new pricing strategy might have some unfavorable short-term effects on margins and net-profitability, on a long-term perspective the strategy will very likely amplify scale and network effects and unlock a large commercial base for cross-selling post-purchase services--for example charging, insurance, and software.Valuation Offers UpsideReflecting on Tesla's SAM expansion, I view the company's 2030 ambition to sell 20 million cars per year as reasonable. To account for the volume expansion, however, I lower my average sales price per Tesla car to $52,000 and my net-profit margin assumption to 10.5% (pricing headwinds only partially offset by economies of scale).I continue to assume that for every dollar of hardware sales, Tesla will be able to sell 20 cents of post-purchase revenue, including energy services, software solutions and insurance (for reference, Apple generates about 30 cents worth of services for every dollar of hardware sales). For Tesla's software business, I continue to view a 35% net-profit margin as reasonable.Based on this, I now calculate a $140.43 billion annual economic profit, with a present value equal to $966 billion. This number discounted back to early 2023, assuming a 11% WACC, and adding a $16.432 billion of net-cash, gives an equity value of $983 billion, or $310.61/share.What if we vary the discount rate (row) and net % profit margin (column)? Here is the updated sensitivity analysis:ConclusionThere’s a gap in the market for $25k EVs. And Tesla enjoys the cost-leadership to fill it. Conceptually speaking, the EV narrative has so far evolved in four stages: First, an early promise is enough to excite investors (ref. Nikola). Second, EV companies needed to prove that they actually have a technology/ product (ref. Lucid). Third, companies rushed to test if their technology/ product can be commercialized in a sustainable business model. Now we are in the fourth phase, which requires companies to build industrial scale and cost-efficiency. And like for phase one, two, and three, Tesla is leading the way.Personally, I view Tesla's 2030 ambition to sell 20 million cars per year as reasonable -- the market size is the enabler, and Tesla's cost-leadership is the lever. Anchored on that assumption, I value Tesla shares at a $310.61 target price. Reiterate 'Buy' rating.","news_type":1},"isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":298502814892168,"gmtCreate":1713909169069,"gmtModify":1713909310511,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Fuk Reuters!","listText":"Fuk Reuters!","text":"Fuk Reuters!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/298502814892168","repostId":"1101803932","repostType":2,"repost":{"id":"1101803932","pubTimestamp":1713909028,"share":"https://www.laohu8.com/m/news/1101803932?lang=&edition=full","pubTime":"2024-04-24 05:50","market":"us","language":"en","title":"Tesla Shares Rise 13% on Pledge to Launch Cheaper Cars by 2025 After Sales Miss","url":"https://stock-news.laohu8.com/highlight/detail?id=1101803932","media":"Bloomberg","summary":"Tesla Inc. is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.The electric-vehicle maker plans to start production on the cheaper c","content":"<html><head></head><body><p>【<a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata=%7B%22liveId%22:%221796727569642548%22,%22type%22:1%7D\" title=\"Tesla 2024Q1 Earnings Conference Call\" target=\"_blank\" class=\"\">Tesla 2024Q1 Earnings Conference Call</a>】</p><ul style=\"\"><li><p>Company plans to start making new models before end of 2025</p></li><li><p>EV maker’s first quarter profit, revenue undershoot estimates</p></li></ul><p>Tesla Inc. is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.</p><p>The electric-vehicle maker plans to release the cheaper cars by the end of this year or in early next, well ahead of the late-2025 timing it had previously pledged. The Elon Musk-led company has been coping with a sales slump as EV demand falters.</p><p>Tesla’s shares rose more than 13% after regular trading in New York. The stock tumbled 42% this year through Tuesday’s close, the worst performance in the S&amp;P 500 Index.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f0f7713f0c39a90c610dec386f12fabb\" tg-width=\"781\" tg-height=\"624\"/></p><p style=\"text-align: start;\">“We’ve updated our future vehicle line-up to accelerate the launch of new models ahead of the previously mentioned start of production in the second half of 2025. So we expect it to be more like early 2025, if not late this year,” Musk said on a call with analysts.</p><p style=\"text-align: start;\">The decision to speed up the debut of cheaper models was welcomed by investors and overshadowed what was otherwise an ugly quarter for the EV market leader. It missed Wall Street’s estimates for earnings, sales and margins, while warning of slow growth throughout the year.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/95ff8ccc4fef250d1aa9d762f500981e\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><p style=\"text-align: start;\">The CEO also took a dig at rivals like General Motors Co. and Ford Motor Co., which have paced EV production and moved to reboot their offerings of gas-electric hybrids.</p><p style=\"text-align: start;\">“The EV adoption rate globally is under pressure and a lot of other auto manufactures are pulling back on EVs and pursuing plug-in hybrids instead. We believe this is not the right strategy,” he said.</p><p style=\"text-align: start;\">Tesla’s own strategy has been muddled for much of 2024. It’s spent the last year slashing prices across its lineup in an effort to boost sales volume, only to find demand for its vehicles slowed.</p><p style=\"text-align: start;\">Adding to the company’s woes has been Musk’s abrupt decision to go “balls to the wall” on a dedicated robotaxi for which the company lacks regulatory approval and possibly the technological capability. Investors had expected the company to instead focus on a new, $25,000 model that Musk had promised to go into production before the end of next year.</p><p style=\"text-align: start;\">It wasn’t immediately clear if Tesla’s “more affordable models” pledge was a reference to the long-discussed low-cost car, sometimes dubbed the Model 2. Many investors see that as way to help generate new enthusiasm around its lineup and draw new customers.</p><p style=\"text-align: start;\">“I think we have said all that we will on that front,” Musk said when asked about the affordable models.</p><p>Tesla gave no timeline, but said it’s continuing to pursue a new module-based “unboxed” manufacturing process for its promised robotaxi model. In a reflection of leaner times, Tesla noted those new models will be built on existing manufacturing lines at current factories to maximize capacity and grow “prudently.”</p><p style=\"text-align: start;\">The carmaker remains the dominant EV maker in the US market, but its earnings have been under pressure for several quarters. Tesla’s automotive gross margin — a key measure of profitability — was 16.4% in the first quarter, smaller than the 17.6% Wall Street expected. That’s far from the 30% peak margin it reported at the start of 2022.</p><p>Tesla’s adjusted earnings per share came to 45 cents in the first three months of the year, compared with Wall Street’s expectation of 52 cents a share. Revenue fell 9% to $21.3 billion, according to a statement Tuesday, in line with its first year-over-year drop in deliveries since 2020. That was still short of the $22.3 billion analysts expected.</p><p style=\"text-align: start;\">Meanwhile, Tesla’s global vehicle inventory rose to 28 days, a huge increase from the 15 days at the end of the last quarter. The metric captures how long it takes for a car company to move vehicles off its lots. Tesla sells its cars direct to consumers, and doesn’t have a dealer network.</p><p style=\"text-align: start;\">Tesla isn’t alone in feeling the pinch from a lot of supply chasing waning demand. Average industrywide new vehicle inventories in the US rose to 72 days’ supply at the start of April, according to Cox Automotive. Tesla’s Chief Financial Officer Vaibhav Taneja told investors on the call that the growth in inventories is a temporary setback.</p><p style=\"text-align: start;\">“We expect the inventory build to reverse in the second quarter and free cash flow to return to positive” territory, Taneja said.</p><p style=\"text-align: start;\">The Austin-based EV maker kept its near-term growth expectations in check, saying deliveries may be lower than last year. “In 2024, our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next generation vehicle and other products,” it said.</p><p style=\"text-align: start;\">Earlier this month, Tesla initiated its largest-ever round of layoffs, cutting more than 10% of positions — though Bloomberg has reported the company may ultimately let go some 20% of its staff. At the same time, two senior executives quit, raising questions about who is in charge of key initiatives. Another executive, Tesla’s head of investor relations, Martin Viecha, said on Tuesday’s call he was resigning.</p></body></html>","source":"lsy1584095487587","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 Rise 13% on Pledge to Launch Cheaper Cars by 2025 After Sales Miss</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 Rise 13% on Pledge to Launch Cheaper Cars by 2025 After Sales Miss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 05:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-23/tesla-tsla-stumbles-again-as-profit-sales-fall-short-of-estimates?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>【Tesla 2024Q1 Earnings Conference Call】Company plans to start making new models before end of 2025EV maker’s first quarter profit, revenue undershoot estimatesTesla Inc. is accelerating the launch of ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-23/tesla-tsla-stumbles-again-as-profit-sales-fall-short-of-estimates?srnd=homepage-asia\">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.bloomberg.com/news/articles/2024-04-23/tesla-tsla-stumbles-again-as-profit-sales-fall-short-of-estimates?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101803932","content_text":"【Tesla 2024Q1 Earnings Conference Call】Company plans to start making new models before end of 2025EV maker’s first quarter profit, revenue undershoot estimatesTesla Inc. is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.The electric-vehicle maker plans to release the cheaper cars by the end of this year or in early next, well ahead of the late-2025 timing it had previously pledged. The Elon Musk-led company has been coping with a sales slump as EV demand falters.Tesla’s shares rose more than 13% after regular trading in New York. The stock tumbled 42% this year through Tuesday’s close, the worst performance in the S&P 500 Index.“We’ve updated our future vehicle line-up to accelerate the launch of new models ahead of the previously mentioned start of production in the second half of 2025. So we expect it to be more like early 2025, if not late this year,” Musk said on a call with analysts.The decision to speed up the debut of cheaper models was welcomed by investors and overshadowed what was otherwise an ugly quarter for the EV market leader. It missed Wall Street’s estimates for earnings, sales and margins, while warning of slow growth throughout the year.The CEO also took a dig at rivals like General Motors Co. and Ford Motor Co., which have paced EV production and moved to reboot their offerings of gas-electric hybrids.“The EV adoption rate globally is under pressure and a lot of other auto manufactures are pulling back on EVs and pursuing plug-in hybrids instead. We believe this is not the right strategy,” he said.Tesla’s own strategy has been muddled for much of 2024. It’s spent the last year slashing prices across its lineup in an effort to boost sales volume, only to find demand for its vehicles slowed.Adding to the company’s woes has been Musk’s abrupt decision to go “balls to the wall” on a dedicated robotaxi for which the company lacks regulatory approval and possibly the technological capability. Investors had expected the company to instead focus on a new, $25,000 model that Musk had promised to go into production before the end of next year.It wasn’t immediately clear if Tesla’s “more affordable models” pledge was a reference to the long-discussed low-cost car, sometimes dubbed the Model 2. Many investors see that as way to help generate new enthusiasm around its lineup and draw new customers.“I think we have said all that we will on that front,” Musk said when asked about the affordable models.Tesla gave no timeline, but said it’s continuing to pursue a new module-based “unboxed” manufacturing process for its promised robotaxi model. In a reflection of leaner times, Tesla noted those new models will be built on existing manufacturing lines at current factories to maximize capacity and grow “prudently.”The carmaker remains the dominant EV maker in the US market, but its earnings have been under pressure for several quarters. Tesla’s automotive gross margin — a key measure of profitability — was 16.4% in the first quarter, smaller than the 17.6% Wall Street expected. That’s far from the 30% peak margin it reported at the start of 2022.Tesla’s adjusted earnings per share came to 45 cents in the first three months of the year, compared with Wall Street’s expectation of 52 cents a share. Revenue fell 9% to $21.3 billion, according to a statement Tuesday, in line with its first year-over-year drop in deliveries since 2020. That was still short of the $22.3 billion analysts expected.Meanwhile, Tesla’s global vehicle inventory rose to 28 days, a huge increase from the 15 days at the end of the last quarter. The metric captures how long it takes for a car company to move vehicles off its lots. Tesla sells its cars direct to consumers, and doesn’t have a dealer network.Tesla isn’t alone in feeling the pinch from a lot of supply chasing waning demand. Average industrywide new vehicle inventories in the US rose to 72 days’ supply at the start of April, according to Cox Automotive. Tesla’s Chief Financial Officer Vaibhav Taneja told investors on the call that the growth in inventories is a temporary setback.“We expect the inventory build to reverse in the second quarter and free cash flow to return to positive” territory, Taneja said.The Austin-based EV maker kept its near-term growth expectations in check, saying deliveries may be lower than last year. “In 2024, our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next generation vehicle and other products,” it said.Earlier this month, Tesla initiated its largest-ever round of layoffs, cutting more than 10% of positions — though Bloomberg has reported the company may ultimately let go some 20% of its staff. At the same time, two senior executives quit, raising questions about who is in charge of key initiatives. Another executive, Tesla’s head of investor relations, Martin Viecha, said on Tuesday’s call he was resigning.","news_type":1},"isVote":1,"tweetType":1,"viewCount":19,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":289631453503752,"gmtCreate":1711717350092,"gmtModify":1711717354665,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Another Tesla hating msm. Don't think Tesla should ever advertise with Yahoo.","listText":"Another Tesla hating msm. Don't think Tesla should ever advertise with Yahoo.","text":"Another Tesla hating msm. Don't think Tesla should ever advertise with Yahoo.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/289631453503752","repostId":"2423245654","repostType":2,"repost":{"id":"2423245654","pubTimestamp":1711717200,"share":"https://www.laohu8.com/m/news/2423245654?lang=&edition=full","pubTime":"2024-03-29 21:00","market":"us","language":"en","title":"Tesla's Q1 to Forget: Poor Guidance, China Woes, and Musk Antics Hit EV Maker's Stock Hard","url":"https://stock-news.laohu8.com/highlight/detail?id=2423245654","media":"Yahoo Finance","summary":"Tesla stock slides nearly 30% in Q1, making it the worst performer in the S&P 500.","content":"<html><head></head><body><p>It&#39;s been a very trying first quarter for Tesla shareholders and fans of the EV giant. </p><p>Through Thursday, the last trading day of the first quarter, Tesla stock is down a whopping 29.3%, making it the worst-performing stock in the S&amp;P 500. Meanwhile, the S&amp;P 500 is actually up 10.2%, its best first quarter since 2019.</p><p>For Tesla, a combination of poor guidance, a tough selling environment in China, and more drama from CEO Elon Musk led the EV maker, which topped $750 billion in market cap to start the year, to shed over $200 billion of that since Jan. 1.</p><p>Here’s how it all went down.</p><h2 id=\"id_3796284241\">A warning to start the quarter</h2><p>The first quarter started off fine for Tesla, when the EV juggernaut reported Q4 deliveries hit a record 485K, with its full-year 2023 total of 1.8 million also meeting estimates.</p><p>But that may be the high-water mark for Tesla, at least for the time being.</p><p>In its Q4 earnings report released in late January, Tesla said its &#34;vehicle volume growth rate may be notably lower than the growth rate achieved in 2023,&#34; indicating it would not reach Street estimates of 2.19 million for 2024. Tesla also saw its automotive profit margin dip following steep price cuts.</p><p>Morgan Stanley’s Adam Jonas, one of the biggest Tesla bulls on Wall Street, was not impressed by the lowered guidance and the lack of real commentary given to explain it. “I still struggle to think of another company which provided such scant level of details on the forward-year outlook,” Jonas said in a note to investors. “Our team is left with the impression that either (a) visibility is poor or (b) there are downside risks in the broader EV market outside of Tesla’s control.”</p><p>Part of that forward guidance, at least in the long term, revolved around Tesla’s yet-to-be-named next-generation vehicle, which Tesla said would impact growth. Though Tesla said its plan is to get the vehicle to market as soon as possible, with production slated for Giga Austin, Tesla revealed the vehicle would only hit production in the second half of 2025.</p><p>Tesla has blown its own external timelines in the past — for example, the Cybertruck debuted in 2019 but only went into production in Q4 of last year. Many people are concerned the next-gen vehicle, which could potentially unlock large growth and margin gains, won’t come soon enough.</p><h2 id=\"id_3768437732\">China concerns growing</h2><p>Tesla’s troubles in China began almost immediately in the new year.</p><p>In early January, Tesla announced steep price cuts for its cheapest models in the country, with the Model 3 price dropping by 5.9% and the Model Y by 2.8%. This was a repeat of what happened the prior year, when Tesla and Chinese rivals like BYD, Li Auto, and XPeng engaged in a price war that even alarmed the Chinese government.</p><p>But price cuts didn’t seem to help sales improve compared to a year ago. Tesla reported 60,365 vehicle shipments from its Giga Shanghai factory in February, according to China’s Passenger Car Association. The February shipments represent a 19% drop from a year ago and the lowest shipment total since December 2022.</p><p>The situation did not improve in March either. “While NEVs [New Energy Vehicles, such as EVs and plug-ins] specifically were up 39.6% YoY and up 7.4% [week over week for March 17],” Deutsche Bank’s Emmanuel Rosner said in a note to clients, “Tesla was down 35% YoY and down 8% WoW.”</p><p>With sales clearly slipping, Tesla reportedly decided its ultraefficient Giga Shanghai factory would produce fewer vehicles. Last week, sources told Bloomberg that Tesla cut production at the plant by having employees work five days instead of the usual six and a half. </p><p>“Tesla’s Shanghai plant, at its peak, was producing at a rate of more than 1 million units a year and the local market couldn’t absorb all of that,” auto manufacturing expert Sam Fiorani of AutoForecast Solutions told Yahoo Finance. “Exports took up some of the excess, but reducing output by as much as 20% will help to align supply and demand.”</p><h2 id=\"id_4126126061\">Musk threatens Tesla for more pay and control</h2><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e6ef91fe6ec2a2f982f54c3dc797e7ba\" title=\" Tesla CEO Elon Musk\" tg-width=\"2961\" tg-height=\"2000\"/><span> Tesla CEO Elon Musk</span></p><p>If poor guidance, lack of clarity, and trouble in China weren&#39;t enough, CEO Elon Musk’s antics during the quarter did not help.</p><p>Case in point were Musk’s comments on artificial intelligence. Musk warned in mid-January that he would need to secure greater control of Tesla if the company&#39;s wide-reaching AI ambitions are going to be met.</p><p>&#34;I am uncomfortable growing Tesla to be a leader in AI &amp; robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned,&#34; Musk said from his X account. &#34;Unless that is the case, I would prefer to build products outside of Tesla.&#34;</p><p>Tesla stock fell after those comments, with investors concerned Musk may hive off Tesla’s AI unit into a separate entity. Plus, Musk was essentially demanding a king’s ransom for keeping AI operations as is.</p><p>&#34;The Street views Tesla correctly (in our view) as a disruptive tech leader, and if Musk ultimately went down the path to create his own company (separate from Tesla) for his next generation AI projects this would clearly be a big negative for the Tesla story,” Wedbush analyst Dan Ives wrote in a note at the time.</p><p>Part and parcel to this demand for more stock is the ongoing litigation surrounding Musk’s current $56 billion pay package, awarded to him by the Tesla board in 2018. The CEO&#39;s pay package, which covered 10 years, gave him stock grants worth around 1% of Tesla&#39;s equity each time the company achieved one of 12 milestones — essentially whenever Tesla&#39;s market value rose by $50 billion. </p><p>In late January, a Delaware judge invalidated Musk’s pay package, finding that Tesla&#39;s directors had breached their fiduciary duty when they awarded Musk the largest compensation ever granted to an executive at a public company.</p><p>&#34;Investors in Tesla will need to consider if the Tesla board can fulfill its fiduciary responsibilities if it is beholden to its CEO over the general interest of shareholders,&#34; said William Klepper, corporate governance expert and adjunct professor at Columbia Business School.</p><p>Tesla investors will be watching next week&#39;s Q1 delivery report, hoping an upside surprise can shake off a miserable quarter. </p></body></html>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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's Q1 to Forget: Poor Guidance, China Woes, and Musk Antics Hit EV Maker's Stock Hard\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-29 21:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/teslas-q1-to-forget-poor-guidance-china-woes-and-musk-antics-hit-ev-makers-stock-hard-100100922.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's been a very trying first quarter for Tesla shareholders and fans of the EV giant. Through Thursday, the last trading day of the first quarter, Tesla stock is down a whopping 29.3%, making it the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/teslas-q1-to-forget-poor-guidance-china-woes-and-musk-antics-hit-ev-makers-stock-hard-100100922.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","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","BK4574":"无人驾驶","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4551":"寇图资本持仓","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","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4581":"高盛持仓","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4588":"碎股","BK4511":"特斯拉概念","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4548":"巴美列捷福持仓","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","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-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","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","BK4592":"伊斯兰概念","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","TSLA":"特斯拉","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","BK4527":"明星科技股","LU0823414478.USD":"法巴经典能源转换基金"},"source_url":"https://finance.yahoo.com/news/teslas-q1-to-forget-poor-guidance-china-woes-and-musk-antics-hit-ev-makers-stock-hard-100100922.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2423245654","content_text":"It's been a very trying first quarter for Tesla shareholders and fans of the EV giant. Through Thursday, the last trading day of the first quarter, Tesla stock is down a whopping 29.3%, making it the worst-performing stock in the S&P 500. Meanwhile, the S&P 500 is actually up 10.2%, its best first quarter since 2019.For Tesla, a combination of poor guidance, a tough selling environment in China, and more drama from CEO Elon Musk led the EV maker, which topped $750 billion in market cap to start the year, to shed over $200 billion of that since Jan. 1.Here’s how it all went down.A warning to start the quarterThe first quarter started off fine for Tesla, when the EV juggernaut reported Q4 deliveries hit a record 485K, with its full-year 2023 total of 1.8 million also meeting estimates.But that may be the high-water mark for Tesla, at least for the time being.In its Q4 earnings report released in late January, Tesla said its \"vehicle volume growth rate may be notably lower than the growth rate achieved in 2023,\" indicating it would not reach Street estimates of 2.19 million for 2024. Tesla also saw its automotive profit margin dip following steep price cuts.Morgan Stanley’s Adam Jonas, one of the biggest Tesla bulls on Wall Street, was not impressed by the lowered guidance and the lack of real commentary given to explain it. “I still struggle to think of another company which provided such scant level of details on the forward-year outlook,” Jonas said in a note to investors. “Our team is left with the impression that either (a) visibility is poor or (b) there are downside risks in the broader EV market outside of Tesla’s control.”Part of that forward guidance, at least in the long term, revolved around Tesla’s yet-to-be-named next-generation vehicle, which Tesla said would impact growth. Though Tesla said its plan is to get the vehicle to market as soon as possible, with production slated for Giga Austin, Tesla revealed the vehicle would only hit production in the second half of 2025.Tesla has blown its own external timelines in the past — for example, the Cybertruck debuted in 2019 but only went into production in Q4 of last year. Many people are concerned the next-gen vehicle, which could potentially unlock large growth and margin gains, won’t come soon enough.China concerns growingTesla’s troubles in China began almost immediately in the new year.In early January, Tesla announced steep price cuts for its cheapest models in the country, with the Model 3 price dropping by 5.9% and the Model Y by 2.8%. This was a repeat of what happened the prior year, when Tesla and Chinese rivals like BYD, Li Auto, and XPeng engaged in a price war that even alarmed the Chinese government.But price cuts didn’t seem to help sales improve compared to a year ago. Tesla reported 60,365 vehicle shipments from its Giga Shanghai factory in February, according to China’s Passenger Car Association. The February shipments represent a 19% drop from a year ago and the lowest shipment total since December 2022.The situation did not improve in March either. “While NEVs [New Energy Vehicles, such as EVs and plug-ins] specifically were up 39.6% YoY and up 7.4% [week over week for March 17],” Deutsche Bank’s Emmanuel Rosner said in a note to clients, “Tesla was down 35% YoY and down 8% WoW.”With sales clearly slipping, Tesla reportedly decided its ultraefficient Giga Shanghai factory would produce fewer vehicles. Last week, sources told Bloomberg that Tesla cut production at the plant by having employees work five days instead of the usual six and a half. “Tesla’s Shanghai plant, at its peak, was producing at a rate of more than 1 million units a year and the local market couldn’t absorb all of that,” auto manufacturing expert Sam Fiorani of AutoForecast Solutions told Yahoo Finance. “Exports took up some of the excess, but reducing output by as much as 20% will help to align supply and demand.”Musk threatens Tesla for more pay and control Tesla CEO Elon MuskIf poor guidance, lack of clarity, and trouble in China weren't enough, CEO Elon Musk’s antics during the quarter did not help.Case in point were Musk’s comments on artificial intelligence. Musk warned in mid-January that he would need to secure greater control of Tesla if the company's wide-reaching AI ambitions are going to be met.\"I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned,\" Musk said from his X account. \"Unless that is the case, I would prefer to build products outside of Tesla.\"Tesla stock fell after those comments, with investors concerned Musk may hive off Tesla’s AI unit into a separate entity. Plus, Musk was essentially demanding a king’s ransom for keeping AI operations as is.\"The Street views Tesla correctly (in our view) as a disruptive tech leader, and if Musk ultimately went down the path to create his own company (separate from Tesla) for his next generation AI projects this would clearly be a big negative for the Tesla story,” Wedbush analyst Dan Ives wrote in a note at the time.Part and parcel to this demand for more stock is the ongoing litigation surrounding Musk’s current $56 billion pay package, awarded to him by the Tesla board in 2018. The CEO's pay package, which covered 10 years, gave him stock grants worth around 1% of Tesla's equity each time the company achieved one of 12 milestones — essentially whenever Tesla's market value rose by $50 billion. In late January, a Delaware judge invalidated Musk’s pay package, finding that Tesla's directors had breached their fiduciary duty when they awarded Musk the largest compensation ever granted to an executive at a public company.\"Investors in Tesla will need to consider if the Tesla board can fulfill its fiduciary responsibilities if it is beholden to its CEO over the general interest of shareholders,\" said William Klepper, corporate governance expert and adjunct professor at Columbia Business School.Tesla investors will be watching next week's Q1 delivery report, hoping an upside surprise can shake off a miserable quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":275687798861904,"gmtCreate":1708345317885,"gmtModify":1708345323522,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"You should have called for a buy then at below $100 and I would have been impressed 😂","listText":"You should have called for a buy then at below $100 and I would have been impressed 😂","text":"You should have called for a buy then at below $100 and I would have been impressed 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/275687798861904","repostId":"2412485184","repostType":2,"repost":{"id":"2412485184","pubTimestamp":1708343855,"share":"https://www.laohu8.com/m/news/2412485184?lang=&edition=full","pubTime":"2024-02-19 19:57","market":"us","language":"en","title":"Coinbase: A Crypto Play With A Catalyst (Rating Upgrade)","url":"https://stock-news.laohu8.com/highlight/detail?id=2412485184","media":"seekingalpha","summary":"Coinbase's shares soared after reporting better than expected earnings for Q4, driven by the recovery in the cryptocurrency market.The approval of Bitcoin ETFs by the SEC has boosted investor confidence and led to a rally in cryptocurrencies, benefiting Coinbase's transaction revenues in Q4.Coinbase has become more diversified, reducing its reliance on volatile transaction revenues and increasing its non-trading related service revenues.Shares of Coinbase are a diversified bet on the crypto economy.   Yuichiro Chino/Moment via Getty Images Shares of Coinbase  have soared after the company submitted a much better than expected earnings sheet for the fourth-quarter on resurging trading volumes. The company’s fundamentals are improving due to a broad recovery in the cryptocurrency market. The current rally in Bitcoin , driven by the SEC's greenlighting of ETFs that trade Bitcoin, reflects growing confidence in the cryptocurrency market. Coinbase is also a more diversified bet on the crypt","content":"<html><head></head><body><ul style=\"\"><li><p><a href=\"https://laohu8.com/S/COIN\">Coinbase</a>&#39;s shares soared after reporting better than expected earnings for Q4, driven by the recovery in the cryptocurrency market.</p></li><li><p>The approval of Bitcoin ETFs by the SEC has boosted investor confidence and led to a rally in cryptocurrencies, benefiting Coinbase&#39;s transaction revenues in Q4.</p></li><li><p>Coinbase has become more diversified, reducing its reliance on volatile transaction revenues and increasing its non-trading related service revenues.</p></li><li><p>Shares of Coinbase are a diversified bet on the crypto economy.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3519d292733833b33718035e1eab512\" tg-width=\"509\" tg-height=\"339\"/></p><p>Yuichiro Chino/Moment via Getty Images</p><p>Shares of <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> have soared after the company submitted a much better than expected earnings sheet for the fourth-quarter on resurging trading volumes. The company’s fundamentals are improving due to a broad recovery in the cryptocurrency market. The current rally in Bitcoin (BTC-USD), driven by the SEC&#39;s greenlighting of ETFs that trade Bitcoin, reflects growing confidence in the cryptocurrency market. Coinbase is also a more diversified bet on the crypto economy as the company is growing its non-trading related service revenues. I believe the risk profile is now much more favorable than last year and shares are a buy!</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d21435e9bb5fb5ec1b289877052cbc3\" tg-width=\"635\" tg-height=\"424\"/></p><p>Data by YCharts</p><h2 id=\"id_2948533144\">Previous rating</h2><p>My last rating on the cryptocurrency marketplace was hold - The Risk Matrix Has Changed (Rating Downgrade) - as I saw a deteriorating risk profile in 2023. However, Coinbase is seeing a huge rebound in trading volumes and has cut operating expenditures aggressively last year. With Bitcoin soaring and both individual and institutional investors trading more on Coinbase’s platform, the near-term earnings outlook has drastically improved.</p><h2 id=\"id_506804522\">SEC’s Bitcoin ETF greenlighting is a catalyst for Coinbase</h2><p>Coinbase delivered strong results for its fourth-quarter as well as FY 2023 with revenues soaring, driven by a recovery in the cryptocurrency market. This broad-based market recovery has been driven by improving investor sentiment, which at least in part was supported by the Securities and Exchange Commission approving the first U.S. spot bitcoin exchange-traded funds in January. This decision which has led to the creation of a number of Bitcoin ETFs has been a catalyst for Bitcoin as well as for other currencies like Ethereum (ETH-USD).</p><p>Bitcoin-focused ETFs use cash to buy Bitcoin which fundamentally boosted demand for the cryptocurrency. The SEC stamp of approval was a vote of confidence in Bitcoin especially and has led to a sharp uptick in the price of Bitcoin, other digital currency prices as well as prices of those ETFs, such as the BlackRock’s <a href=\"https://laohu8.com/S/IBIT\">iShares Bitcoin Trust</a> (IBIT).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b268df3de066bbca53567e4ead22b918\" tg-width=\"640\" tg-height=\"514\"/></p><p>Bitmex</p><p>The expectation of a positive SEC decision with regard to Bitcoin ETFs has already led to a rally in cryptocurrencies in the fourth-quarter which has been reflected in Coinbase’s soaring transaction revenues. Attracted by growing prices for cryptocurrencies, traders jumped on the bandwagon, causing Coinbase’s transaction revenues to soar 64% Y/Y in Q4’23 and reach $529.3. While FY 2023 revenues came in 36% below the FY 2022 level, the Q4’23 trend and the Q1 SEC decisions are favorable tailwinds for Coinbase as well as the wider cryptocurrency market.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd4f4902290d91e2ef862646d63be5e2\" tg-width=\"640\" tg-height=\"209\"/></p><p>Coinbase</p><p>Interestingly, institutions drastically increased their trading on the Coinbase platform in Q4’23, likely in anticipation of the SEC’s decision about Bitcoin exchange-traded funds. Institutional transactions revenues increased 160% Q/Q while retail customers were responsible for a 79% Q/Q jump in transaction revenues. Retail customers still account for the overwhelming majority of 93% of all transaction revenues, however.</p><p>What has changed since last year is that Coinbase has become a lot more diversified in its revenue picture and has made an effort to reduce its reliance on volatile and unpredictable transaction revenues. Coinbase has grown its subscription and services revenues significantly (+78% Y/Y) to $1.4B in FY 2023 and these services include blockchain rewards, custodial services, interest income on loans to customers as well fees from issuers for stablecoins. In FY 2023, 48% of net revenues came from non-transaction related services compared to just 25% in FY 2022. This diversification serves to reduce the volatility of Coinbase’s revenues going forward and should lead to a more stable earnings profile as well.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/803476dd77f46919cc8739c1cf714cbc\" tg-width=\"640\" tg-height=\"276\"/></p><p>Coinbase</p><h2 id=\"id_4285697180\">Drastic cuts to operating expenditures now paying off</h2><p>During the last cryptocurrency bear market, Coinbase laid off workers and cut back aggressively on costs which is now paying dividends for the company. Coinbase today is a much leaner company with its operating expenses declining 45% between FY 2023 and FY 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b16e5151af8c351bb9b125bd6afb6d48\" tg-width=\"640\" tg-height=\"409\"/></p><p>Coinbase</p><p>Changes in the operating expense structure combined with a surge in trading volumes as well as growth in non-trading related subscription/service revenues have pushed Coinbase into solid adjusted EBITDA territory last year. Coinbase generated $963.7M in adjusted EBITDA in FY 2023, showing a $1.3B swing relative to FY 2022. The improvement in EBITDA was mainly driven by changing trajectory with regard to Bitcoin which soared from a price below $16k in November 2022 to almost 52k as of February 18, 2024.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/489d783380eed9aaaab55a278f29cd3e\" tg-width=\"640\" tg-height=\"574\"/></p><p>Coinbase</p><h2 id=\"id_293052384\">Coinbase valuation</h2><p>Cryptocurrency adoption is growing and the SEC’s decision to allow investment companies to start Bitcoin trading ETFs has led to an improved industry setup. This could translate into strong earnings growth for Coinbase which sits right at the nexus between the real and the digital economy. Coinbase is expected to generate $2.29 per-share in earnings this year, but earnings estimates are rising fast.</p><p>During the bull market of FY 2021, Coinbase earned $14.50 per-share, but the company is now much leaner and more diversified, and has therefore considerable earnings upside. Calculating with only $14.50 per-share in annual earnings potential, Coinbase is currently valued at a P/E ratio of 12.0X (based off on peak earnings), but has traded at P/E ratios way above 18X during the 2021 bull market. Assuming a conservative 15X P/E ratio, which I believe is fair given the massively reduced volatility in net revenues and solid platform profitability today, I see a fair value for Coinbase at ~$217.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c8bde9af5afee92b61d1426e05ce046\" tg-width=\"635\" tg-height=\"439\"/></p><p>Data by YCharts</p><h2 id=\"id_1373484415\">Risks with Coinbase</h2><p>Coinbase&#39;s risks are chiefly of a regulatory nature. As far as the risk profile more generally is concerned, I believe the massive shift of net revenues toward non-trading related net revenues has reduced the risk profile for Coinbase drastically, as did the firm&#39;s aggressive cost cuts and headcount reductions. The biggest commercial risk that I see for Coinbase is a cyclical downturn in cryptocurrency prices as well as the risk of other trading platforms falling into bankruptcy. The bankruptcy of FTX in 2022 affected investors very negatively and a similar event could seriously hurt the recovering sentiment in the cryptocurrency market again, cutting into Coinbase&#39;s upswing in trading volumes.</p><h2 id=\"id_1272987670\">Closing thoughts</h2><p>I am up-grading Coinbase to buy after the company crushed fourth-quarter expectations and COIN is now a solidly profitable cryptocurrency trading platform. The SEC’s decision to allow investment companies to start their own Bitcoin trading ETF products has done a great service for the restoration of investor sentiment, further legitimized the entire crypto economy, and is a catalyst for Bitcoin trading (demand) going forward. With Coinbase now being profitable, having a leaner and optimized cost structure, and being less dependent on traders for revenues, I believe shares of Coinbase are an attractive investment vehicle for investors to bet on the overall expansion and growth of the crypto economy!</p></body></html>","source":"seekingalpha","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>Coinbase: A Crypto Play With A Catalyst (Rating Upgrade)</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; 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}\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\">\nCoinbase: A Crypto Play With A Catalyst (Rating Upgrade)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-19 19:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4671372-coinbase-crypto-play-catalyst-rating-upgrade><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase's shares soared after reporting better than expected earnings for Q4, driven by the recovery in the cryptocurrency market.The approval of Bitcoin ETFs by the SEC has boosted investor ...</p>\n\n<a href=\"https://seekingalpha.com/article/4671372-coinbase-crypto-play-catalyst-rating-upgrade\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4554":"元宇宙及AR概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","COIN":"Coinbase Global, Inc.","BK4112":"金融交易所和数据","BK4551":"寇图资本持仓","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4535":"淡马锡持仓","BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4594":"比特币ETF概念","BK4539":"次新股","BK4595":"比特币概念"},"source_url":"https://seekingalpha.com/article/4671372-coinbase-crypto-play-catalyst-rating-upgrade","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2412485184","content_text":"Coinbase's shares soared after reporting better than expected earnings for Q4, driven by the recovery in the cryptocurrency market.The approval of Bitcoin ETFs by the SEC has boosted investor confidence and led to a rally in cryptocurrencies, benefiting Coinbase's transaction revenues in Q4.Coinbase has become more diversified, reducing its reliance on volatile transaction revenues and increasing its non-trading related service revenues.Shares of Coinbase are a diversified bet on the crypto economy.Yuichiro Chino/Moment via Getty ImagesShares of Coinbase have soared after the company submitted a much better than expected earnings sheet for the fourth-quarter on resurging trading volumes. The company’s fundamentals are improving due to a broad recovery in the cryptocurrency market. The current rally in Bitcoin (BTC-USD), driven by the SEC's greenlighting of ETFs that trade Bitcoin, reflects growing confidence in the cryptocurrency market. Coinbase is also a more diversified bet on the crypto economy as the company is growing its non-trading related service revenues. I believe the risk profile is now much more favorable than last year and shares are a buy!Data by YChartsPrevious ratingMy last rating on the cryptocurrency marketplace was hold - The Risk Matrix Has Changed (Rating Downgrade) - as I saw a deteriorating risk profile in 2023. However, Coinbase is seeing a huge rebound in trading volumes and has cut operating expenditures aggressively last year. With Bitcoin soaring and both individual and institutional investors trading more on Coinbase’s platform, the near-term earnings outlook has drastically improved.SEC’s Bitcoin ETF greenlighting is a catalyst for CoinbaseCoinbase delivered strong results for its fourth-quarter as well as FY 2023 with revenues soaring, driven by a recovery in the cryptocurrency market. This broad-based market recovery has been driven by improving investor sentiment, which at least in part was supported by the Securities and Exchange Commission approving the first U.S. spot bitcoin exchange-traded funds in January. This decision which has led to the creation of a number of Bitcoin ETFs has been a catalyst for Bitcoin as well as for other currencies like Ethereum (ETH-USD).Bitcoin-focused ETFs use cash to buy Bitcoin which fundamentally boosted demand for the cryptocurrency. The SEC stamp of approval was a vote of confidence in Bitcoin especially and has led to a sharp uptick in the price of Bitcoin, other digital currency prices as well as prices of those ETFs, such as the BlackRock’s iShares Bitcoin Trust (IBIT).BitmexThe expectation of a positive SEC decision with regard to Bitcoin ETFs has already led to a rally in cryptocurrencies in the fourth-quarter which has been reflected in Coinbase’s soaring transaction revenues. Attracted by growing prices for cryptocurrencies, traders jumped on the bandwagon, causing Coinbase’s transaction revenues to soar 64% Y/Y in Q4’23 and reach $529.3. While FY 2023 revenues came in 36% below the FY 2022 level, the Q4’23 trend and the Q1 SEC decisions are favorable tailwinds for Coinbase as well as the wider cryptocurrency market.CoinbaseInterestingly, institutions drastically increased their trading on the Coinbase platform in Q4’23, likely in anticipation of the SEC’s decision about Bitcoin exchange-traded funds. Institutional transactions revenues increased 160% Q/Q while retail customers were responsible for a 79% Q/Q jump in transaction revenues. Retail customers still account for the overwhelming majority of 93% of all transaction revenues, however.What has changed since last year is that Coinbase has become a lot more diversified in its revenue picture and has made an effort to reduce its reliance on volatile and unpredictable transaction revenues. Coinbase has grown its subscription and services revenues significantly (+78% Y/Y) to $1.4B in FY 2023 and these services include blockchain rewards, custodial services, interest income on loans to customers as well fees from issuers for stablecoins. In FY 2023, 48% of net revenues came from non-transaction related services compared to just 25% in FY 2022. This diversification serves to reduce the volatility of Coinbase’s revenues going forward and should lead to a more stable earnings profile as well.CoinbaseDrastic cuts to operating expenditures now paying offDuring the last cryptocurrency bear market, Coinbase laid off workers and cut back aggressively on costs which is now paying dividends for the company. Coinbase today is a much leaner company with its operating expenses declining 45% between FY 2023 and FY 2022.CoinbaseChanges in the operating expense structure combined with a surge in trading volumes as well as growth in non-trading related subscription/service revenues have pushed Coinbase into solid adjusted EBITDA territory last year. Coinbase generated $963.7M in adjusted EBITDA in FY 2023, showing a $1.3B swing relative to FY 2022. The improvement in EBITDA was mainly driven by changing trajectory with regard to Bitcoin which soared from a price below $16k in November 2022 to almost 52k as of February 18, 2024.CoinbaseCoinbase valuationCryptocurrency adoption is growing and the SEC’s decision to allow investment companies to start Bitcoin trading ETFs has led to an improved industry setup. This could translate into strong earnings growth for Coinbase which sits right at the nexus between the real and the digital economy. Coinbase is expected to generate $2.29 per-share in earnings this year, but earnings estimates are rising fast.During the bull market of FY 2021, Coinbase earned $14.50 per-share, but the company is now much leaner and more diversified, and has therefore considerable earnings upside. Calculating with only $14.50 per-share in annual earnings potential, Coinbase is currently valued at a P/E ratio of 12.0X (based off on peak earnings), but has traded at P/E ratios way above 18X during the 2021 bull market. Assuming a conservative 15X P/E ratio, which I believe is fair given the massively reduced volatility in net revenues and solid platform profitability today, I see a fair value for Coinbase at ~$217.Data by YChartsRisks with CoinbaseCoinbase's risks are chiefly of a regulatory nature. As far as the risk profile more generally is concerned, I believe the massive shift of net revenues toward non-trading related net revenues has reduced the risk profile for Coinbase drastically, as did the firm's aggressive cost cuts and headcount reductions. The biggest commercial risk that I see for Coinbase is a cyclical downturn in cryptocurrency prices as well as the risk of other trading platforms falling into bankruptcy. The bankruptcy of FTX in 2022 affected investors very negatively and a similar event could seriously hurt the recovering sentiment in the cryptocurrency market again, cutting into Coinbase's upswing in trading volumes.Closing thoughtsI am up-grading Coinbase to buy after the company crushed fourth-quarter expectations and COIN is now a solidly profitable cryptocurrency trading platform. The SEC’s decision to allow investment companies to start their own Bitcoin trading ETF products has done a great service for the restoration of investor sentiment, further legitimized the entire crypto economy, and is a catalyst for Bitcoin trading (demand) going forward. With Coinbase now being profitable, having a leaner and optimized cost structure, and being less dependent on traders for revenues, I believe shares of Coinbase are an attractive investment vehicle for investors to bet on the overall expansion and growth of the crypto economy!","news_type":1},"isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":292071755817080,"gmtCreate":1712332497008,"gmtModify":1712332608669,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"https://x.com/elonmusk/status/1776275139010904525?s=46 Reuters is dying, hence it has been lying","listText":"https://x.com/elonmusk/status/1776275139010904525?s=46 Reuters is dying, hence it has been lying","text":"https://x.com/elonmusk/status/1776275139010904525?s=46 Reuters is dying, hence it has been lying","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/292071755817080","repostId":"2425593562","repostType":2,"repost":{"id":"2425593562","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1712330022,"share":"https://www.laohu8.com/m/news/2425593562?lang=&edition=full","pubTime":"2024-04-05 23:13","market":"us","language":"en","title":"Tesla Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition","url":"https://stock-news.laohu8.com/highlight/detail?id=2425593562","media":"Reuters","summary":"Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.  The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses.  As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.","content":"<html><head></head><body><p>(Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.</p><p>Tesla stock fell 4.53% in late morning trading on the news.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8aba5245d63b2cba703d631470a3ce6e\" tg-width=\"778\" tg-height=\"625\"/></p><p>The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.</p><p>The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”</p><p>He has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.</p><p>Tesla’s cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.</p><p>Tesla did not respond to requests for comment.</p><p>The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. The plan for driverless robotaxis, which could take longer to deliver, presents a stiffer engineering challenge and more regulatory risk.</p><p>Two sources said they learned of Tesla&#39;s decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.</p><p>“Elon’s directive is to go all in on robotaxi,” that person said.</p><p>The third source confirmed the cancellation and said new plans call for robotaxis to be produced, but in much lower volumes than had been projected for the Model 2.</p><p>Several company messages reviewed by Reuters about the decision included one on March 1 from an unnamed program manager for the affordable car discussing the project’s demise with engineering staff and advising them to hold off on telling suppliers “about program cancellation.”</p><p>A fourth person with knowledge of Tesla’s plans expressed optimism about the decision to pivot away from the cheap-car strategy in favor of robotaxis, a segment Musk has envisioned as the future of mobility. The source cautioned that Tesla’s product plans could change again based on economic conditions.</p><p>Squeezing profits from entry-level vehicles is a challenge for any automaker. But Tesla’s delay in pursuing the car Musk once called his dream made it much tougher because it now faces far more competition in that price range.</p><p>While Tesla spent years developing its highly experimental Cybertruck, a pricey electric pickup, Chinese automakers have raced ahead on affordable EVs, grabbing market share, gaining economies of scale and offering consumers bargain prices that Western automakers are struggling to match.</p><p>As Chinese EVs surged to challenge Tesla’s dominance, Musk was tending to his sprawling empire, which includes rocket-maker SpaceX, brain-chip developer Neuralink, and social media giant X, which Musk acquired in 2022. Formerly called Twitter, the platform has foundered under Musk’s volatile management, shedding most of its value as the company has lost revenue and advertisers.</p><p>Plans for the affordable Tesla have been seen as key to delivering on Musk’s stratospheric ambitions for sales growth. Musk said in 2020 that Tesla aspired by 2030 to sell 20 million vehicles – twice as many as the world’s largest automaker, Toyota, sells today. With the death of the Model 2, it’s unclear how he’ll get there.</p><p>Expectations for a $25,000 vehicle have underpinned Wall Street analysts’ more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.</p><p>Musk has wavered on the project before. In a biography of the entrepreneur released last year, author Walter Issacson reported that Musk in 2022 “put a hold on” the entry-level EV plans, reasoning that a Tesla robotaxi would make the car irrelevant. Musk’s advisors urged him to stay the course, the book said.</p><p>‘HALT ALL FURTHER ACTIVITIES’</p><p>Tesla called the affordable-car project NV91 internally and H422 externally when discussing it with suppliers, according to two of the sources and company messages reviewed by Reuters.</p><p>Messages from the unnamed Tesla program manager to staffers referenced those code names in discussing the project’s termination. One of those messages sent March 1 said that “suppliers should halt all further activities related to H422/NV91.”</p><p>The sources said they did not know all the reasons behind the decision to kill the project.</p><p>In another March 1 message, the manager thanked engineering staffers for their efforts and urged them to document what they had learned.</p><p>“I’d like to thank everyone for all your hard work and dedication to pushing boundaries and executing the best design possible given the aggressive constraints we had to work within,” the message said. “We would not want all our hard work to go to waste, so it’s important that we tie things off and document things properly.”</p><p>The messages showed meetings on the affordable-car project being canceled. The two sources said some engineers have been reassigned.</p><p>Tesla’s timeline and business model for robotaxis remain unclear. Musk has publicly predicted a future of mobility in which driverless taxis could eventually become a more common mode of transport than human-driven cars. He has said Tesla, the world’s most valuable automaker, would be &#34;worth basically zero&#34; without achieving full self-driving capability.</p><p>Currently, self-driving cars have only been approved by U.S. and Chinese regulators for tightly limited, experimental use on public roads.</p><p>Tesla has yet to prove it can produce an autonomous car despite years of predictions by Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation. The automaker faces lawsuits and investigations into crashes involving its Autopilot and Full Self-Driving driver-assistance systems, which are not fully autonomous. Tesla has blamed the accidents on inattentive drivers.</p><p>Tesla&#39;s Autopilot woes are among a number of problems that have drawn scrutiny. The automaker faces another investigation into the driving-range estimates of its cars, launched after Reuters reported last year that Tesla had rigged the in-dash range meters in its vehicles to give rosy projections. Reuters reported in December that the automaker blamed “driver abuse” for chronic failures of suspension and steering parts it long knew were defective.</p><p>Tesla&#39;s image as a climate-friendly innovator has also suffered with Musk’s tilt toward right-wing politics and polarizing public statements, which have turned away some prospective Tesla buyers, according to surveys and experts.</p><p>The automaker reported an 8% year-over-year drop in deliveries on Tuesday, just after its chief Chinese competitor, BYD, reported a 13% gain. Tesla shares dropped 5% on the news, deepening a slide of more than 40% since last July, amounting to a loss of about $400 billion in market value.</p><p>Still, Tesla’s market capitalization of $545 billion is higher than the combined worth of the next three most valuable carmakers, Toyota, Porsche and Mercedes-Benz. Tesla’s stock value has long been based on future expectations for mass-market sales and driverless cars rather than its current sales and profits.</p><p>RUNNING LATE</p><p>The affordable-car project’s cancellation comes as Tesla and other established automakers have been rocked by slowing EV demand growth in the United States and Europe, and cut-throat competition in China.</p><p>If Tesla had moved forward with the low-cost car, it wouldn’t have arrived on the market until the latter half of 2025, by the company’s estimate. But the entry-level EV segment is already crowded with compelling models from BYD and many other Chinese brands.</p><p>Tesla is late to the segment in part because of a pivotal decision by Musk. In 2020, after releasing its hit crossover, the Model Y, Tesla focused on the highly experimental Cybertruck instead of an affordable car.</p><p>Musk unveiled a prototype of the angular, stainless steel-clad truck in 2019 and predicted a starting price of about $40,000. The vehicle finally arrived last year as a 2024 model. The two versions available now start at about $80,000 and $100,000. Tesla says a lower-end Cybertruck costing about $61,000 won&#39;t be ready for delivery until 2025.</p><p>The company has also struggled to work through manufacturing problems, particularly with the truck&#39;s pioneering battery technology. Musk hopes to sell the vehicle in high volumes but warned investors last fall about &#34;enormous challenges&#34; ramping up production and making the vehicle profitable.</p><p>&#34;We dug our own grave with the Cybertruck,&#34; he said.</p><p>During the same period, BYD has seen its electric-vehicle sales soar in China, growing from about 130,000 to more than 1.5 million, not including its thriving business in plug-in hybrids or its fast-growing exports.</p><p>BYD already offers a slew of low- and mid-range models, including its Seagull hatchback for less than $10,000. The Chinese automaker now plans to export that car for more than double that price - but still lower than the target for the cheap car Tesla had planned to build.</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 Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition</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 Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-04-05 23:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.</p><p>Tesla stock fell 4.53% in late morning trading on the news.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8aba5245d63b2cba703d631470a3ce6e\" tg-width=\"778\" tg-height=\"625\"/></p><p>The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.</p><p>The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”</p><p>He has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.</p><p>Tesla’s cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.</p><p>Tesla did not respond to requests for comment.</p><p>The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. The plan for driverless robotaxis, which could take longer to deliver, presents a stiffer engineering challenge and more regulatory risk.</p><p>Two sources said they learned of Tesla&#39;s decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.</p><p>“Elon’s directive is to go all in on robotaxi,” that person said.</p><p>The third source confirmed the cancellation and said new plans call for robotaxis to be produced, but in much lower volumes than had been projected for the Model 2.</p><p>Several company messages reviewed by Reuters about the decision included one on March 1 from an unnamed program manager for the affordable car discussing the project’s demise with engineering staff and advising them to hold off on telling suppliers “about program cancellation.”</p><p>A fourth person with knowledge of Tesla’s plans expressed optimism about the decision to pivot away from the cheap-car strategy in favor of robotaxis, a segment Musk has envisioned as the future of mobility. The source cautioned that Tesla’s product plans could change again based on economic conditions.</p><p>Squeezing profits from entry-level vehicles is a challenge for any automaker. But Tesla’s delay in pursuing the car Musk once called his dream made it much tougher because it now faces far more competition in that price range.</p><p>While Tesla spent years developing its highly experimental Cybertruck, a pricey electric pickup, Chinese automakers have raced ahead on affordable EVs, grabbing market share, gaining economies of scale and offering consumers bargain prices that Western automakers are struggling to match.</p><p>As Chinese EVs surged to challenge Tesla’s dominance, Musk was tending to his sprawling empire, which includes rocket-maker SpaceX, brain-chip developer Neuralink, and social media giant X, which Musk acquired in 2022. Formerly called Twitter, the platform has foundered under Musk’s volatile management, shedding most of its value as the company has lost revenue and advertisers.</p><p>Plans for the affordable Tesla have been seen as key to delivering on Musk’s stratospheric ambitions for sales growth. Musk said in 2020 that Tesla aspired by 2030 to sell 20 million vehicles – twice as many as the world’s largest automaker, Toyota, sells today. With the death of the Model 2, it’s unclear how he’ll get there.</p><p>Expectations for a $25,000 vehicle have underpinned Wall Street analysts’ more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.</p><p>Musk has wavered on the project before. In a biography of the entrepreneur released last year, author Walter Issacson reported that Musk in 2022 “put a hold on” the entry-level EV plans, reasoning that a Tesla robotaxi would make the car irrelevant. Musk’s advisors urged him to stay the course, the book said.</p><p>‘HALT ALL FURTHER ACTIVITIES’</p><p>Tesla called the affordable-car project NV91 internally and H422 externally when discussing it with suppliers, according to two of the sources and company messages reviewed by Reuters.</p><p>Messages from the unnamed Tesla program manager to staffers referenced those code names in discussing the project’s termination. One of those messages sent March 1 said that “suppliers should halt all further activities related to H422/NV91.”</p><p>The sources said they did not know all the reasons behind the decision to kill the project.</p><p>In another March 1 message, the manager thanked engineering staffers for their efforts and urged them to document what they had learned.</p><p>“I’d like to thank everyone for all your hard work and dedication to pushing boundaries and executing the best design possible given the aggressive constraints we had to work within,” the message said. “We would not want all our hard work to go to waste, so it’s important that we tie things off and document things properly.”</p><p>The messages showed meetings on the affordable-car project being canceled. The two sources said some engineers have been reassigned.</p><p>Tesla’s timeline and business model for robotaxis remain unclear. Musk has publicly predicted a future of mobility in which driverless taxis could eventually become a more common mode of transport than human-driven cars. He has said Tesla, the world’s most valuable automaker, would be &#34;worth basically zero&#34; without achieving full self-driving capability.</p><p>Currently, self-driving cars have only been approved by U.S. and Chinese regulators for tightly limited, experimental use on public roads.</p><p>Tesla has yet to prove it can produce an autonomous car despite years of predictions by Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation. The automaker faces lawsuits and investigations into crashes involving its Autopilot and Full Self-Driving driver-assistance systems, which are not fully autonomous. Tesla has blamed the accidents on inattentive drivers.</p><p>Tesla&#39;s Autopilot woes are among a number of problems that have drawn scrutiny. The automaker faces another investigation into the driving-range estimates of its cars, launched after Reuters reported last year that Tesla had rigged the in-dash range meters in its vehicles to give rosy projections. Reuters reported in December that the automaker blamed “driver abuse” for chronic failures of suspension and steering parts it long knew were defective.</p><p>Tesla&#39;s image as a climate-friendly innovator has also suffered with Musk’s tilt toward right-wing politics and polarizing public statements, which have turned away some prospective Tesla buyers, according to surveys and experts.</p><p>The automaker reported an 8% year-over-year drop in deliveries on Tuesday, just after its chief Chinese competitor, BYD, reported a 13% gain. Tesla shares dropped 5% on the news, deepening a slide of more than 40% since last July, amounting to a loss of about $400 billion in market value.</p><p>Still, Tesla’s market capitalization of $545 billion is higher than the combined worth of the next three most valuable carmakers, Toyota, Porsche and Mercedes-Benz. Tesla’s stock value has long been based on future expectations for mass-market sales and driverless cars rather than its current sales and profits.</p><p>RUNNING LATE</p><p>The affordable-car project’s cancellation comes as Tesla and other established automakers have been rocked by slowing EV demand growth in the United States and Europe, and cut-throat competition in China.</p><p>If Tesla had moved forward with the low-cost car, it wouldn’t have arrived on the market until the latter half of 2025, by the company’s estimate. But the entry-level EV segment is already crowded with compelling models from BYD and many other Chinese brands.</p><p>Tesla is late to the segment in part because of a pivotal decision by Musk. In 2020, after releasing its hit crossover, the Model Y, Tesla focused on the highly experimental Cybertruck instead of an affordable car.</p><p>Musk unveiled a prototype of the angular, stainless steel-clad truck in 2019 and predicted a starting price of about $40,000. The vehicle finally arrived last year as a 2024 model. The two versions available now start at about $80,000 and $100,000. Tesla says a lower-end Cybertruck costing about $61,000 won&#39;t be ready for delivery until 2025.</p><p>The company has also struggled to work through manufacturing problems, particularly with the truck&#39;s pioneering battery technology. Musk hopes to sell the vehicle in high volumes but warned investors last fall about &#34;enormous challenges&#34; ramping up production and making the vehicle profitable.</p><p>&#34;We dug our own grave with the Cybertruck,&#34; he said.</p><p>During the same period, BYD has seen its electric-vehicle sales soar in China, growing from about 130,000 to more than 1.5 million, not including its thriving business in plug-in hybrids or its fast-growing exports.</p><p>BYD already offers a slew of low- and mid-range models, including its Seagull hatchback for less than $10,000. The Chinese automaker now plans to export that car for more than double that price - but still lower than the target for the cheap car Tesla had planned to build.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://sg.news.yahoo.com/news/exclusive-tesla-scraps-low-cost-150726195.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2425593562","content_text":"(Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.Tesla stock fell 4.53% in late morning trading on the news.The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”He has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.Tesla’s cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.Tesla did not respond to requests for comment.The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. The plan for driverless robotaxis, which could take longer to deliver, presents a stiffer engineering challenge and more regulatory risk.Two sources said they learned of Tesla's decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.“Elon’s directive is to go all in on robotaxi,” that person said.The third source confirmed the cancellation and said new plans call for robotaxis to be produced, but in much lower volumes than had been projected for the Model 2.Several company messages reviewed by Reuters about the decision included one on March 1 from an unnamed program manager for the affordable car discussing the project’s demise with engineering staff and advising them to hold off on telling suppliers “about program cancellation.”A fourth person with knowledge of Tesla’s plans expressed optimism about the decision to pivot away from the cheap-car strategy in favor of robotaxis, a segment Musk has envisioned as the future of mobility. The source cautioned that Tesla’s product plans could change again based on economic conditions.Squeezing profits from entry-level vehicles is a challenge for any automaker. But Tesla’s delay in pursuing the car Musk once called his dream made it much tougher because it now faces far more competition in that price range.While Tesla spent years developing its highly experimental Cybertruck, a pricey electric pickup, Chinese automakers have raced ahead on affordable EVs, grabbing market share, gaining economies of scale and offering consumers bargain prices that Western automakers are struggling to match.As Chinese EVs surged to challenge Tesla’s dominance, Musk was tending to his sprawling empire, which includes rocket-maker SpaceX, brain-chip developer Neuralink, and social media giant X, which Musk acquired in 2022. Formerly called Twitter, the platform has foundered under Musk’s volatile management, shedding most of its value as the company has lost revenue and advertisers.Plans for the affordable Tesla have been seen as key to delivering on Musk’s stratospheric ambitions for sales growth. Musk said in 2020 that Tesla aspired by 2030 to sell 20 million vehicles – twice as many as the world’s largest automaker, Toyota, sells today. With the death of the Model 2, it’s unclear how he’ll get there.Expectations for a $25,000 vehicle have underpinned Wall Street analysts’ more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.Musk has wavered on the project before. In a biography of the entrepreneur released last year, author Walter Issacson reported that Musk in 2022 “put a hold on” the entry-level EV plans, reasoning that a Tesla robotaxi would make the car irrelevant. Musk’s advisors urged him to stay the course, the book said.‘HALT ALL FURTHER ACTIVITIES’Tesla called the affordable-car project NV91 internally and H422 externally when discussing it with suppliers, according to two of the sources and company messages reviewed by Reuters.Messages from the unnamed Tesla program manager to staffers referenced those code names in discussing the project’s termination. One of those messages sent March 1 said that “suppliers should halt all further activities related to H422/NV91.”The sources said they did not know all the reasons behind the decision to kill the project.In another March 1 message, the manager thanked engineering staffers for their efforts and urged them to document what they had learned.“I’d like to thank everyone for all your hard work and dedication to pushing boundaries and executing the best design possible given the aggressive constraints we had to work within,” the message said. “We would not want all our hard work to go to waste, so it’s important that we tie things off and document things properly.”The messages showed meetings on the affordable-car project being canceled. The two sources said some engineers have been reassigned.Tesla’s timeline and business model for robotaxis remain unclear. Musk has publicly predicted a future of mobility in which driverless taxis could eventually become a more common mode of transport than human-driven cars. He has said Tesla, the world’s most valuable automaker, would be \"worth basically zero\" without achieving full self-driving capability.Currently, self-driving cars have only been approved by U.S. and Chinese regulators for tightly limited, experimental use on public roads.Tesla has yet to prove it can produce an autonomous car despite years of predictions by Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation. The automaker faces lawsuits and investigations into crashes involving its Autopilot and Full Self-Driving driver-assistance systems, which are not fully autonomous. Tesla has blamed the accidents on inattentive drivers.Tesla's Autopilot woes are among a number of problems that have drawn scrutiny. The automaker faces another investigation into the driving-range estimates of its cars, launched after Reuters reported last year that Tesla had rigged the in-dash range meters in its vehicles to give rosy projections. Reuters reported in December that the automaker blamed “driver abuse” for chronic failures of suspension and steering parts it long knew were defective.Tesla's image as a climate-friendly innovator has also suffered with Musk’s tilt toward right-wing politics and polarizing public statements, which have turned away some prospective Tesla buyers, according to surveys and experts.The automaker reported an 8% year-over-year drop in deliveries on Tuesday, just after its chief Chinese competitor, BYD, reported a 13% gain. Tesla shares dropped 5% on the news, deepening a slide of more than 40% since last July, amounting to a loss of about $400 billion in market value.Still, Tesla’s market capitalization of $545 billion is higher than the combined worth of the next three most valuable carmakers, Toyota, Porsche and Mercedes-Benz. Tesla’s stock value has long been based on future expectations for mass-market sales and driverless cars rather than its current sales and profits.RUNNING LATEThe affordable-car project’s cancellation comes as Tesla and other established automakers have been rocked by slowing EV demand growth in the United States and Europe, and cut-throat competition in China.If Tesla had moved forward with the low-cost car, it wouldn’t have arrived on the market until the latter half of 2025, by the company’s estimate. But the entry-level EV segment is already crowded with compelling models from BYD and many other Chinese brands.Tesla is late to the segment in part because of a pivotal decision by Musk. In 2020, after releasing its hit crossover, the Model Y, Tesla focused on the highly experimental Cybertruck instead of an affordable car.Musk unveiled a prototype of the angular, stainless steel-clad truck in 2019 and predicted a starting price of about $40,000. The vehicle finally arrived last year as a 2024 model. The two versions available now start at about $80,000 and $100,000. Tesla says a lower-end Cybertruck costing about $61,000 won't be ready for delivery until 2025.The company has also struggled to work through manufacturing problems, particularly with the truck's pioneering battery technology. Musk hopes to sell the vehicle in high volumes but warned investors last fall about \"enormous challenges\" ramping up production and making the vehicle profitable.\"We dug our own grave with the Cybertruck,\" he said.During the same period, BYD has seen its electric-vehicle sales soar in China, growing from about 130,000 to more than 1.5 million, not including its thriving business in plug-in hybrids or its fast-growing exports.BYD already offers a slew of low- and mid-range models, including its Seagull hatchback for less than $10,000. The Chinese automaker now plans to export that car for more than double that price - but still lower than the target for the cheap car Tesla had planned to build.","news_type":1},"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":292068784111904,"gmtCreate":1712331868842,"gmtModify":1712331996325,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"https://x.com/sawyermerritt/status/1776272915001925897?s=46 Told you Reuters is lying, the article hashed is evil","listText":"https://x.com/sawyermerritt/status/1776272915001925897?s=46 Told you Reuters is lying, the article hashed is evil","text":"https://x.com/sawyermerritt/status/1776272915001925897?s=46 Told you Reuters is lying, the article hashed is evil","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/292068784111904","repostId":"2425593562","repostType":2,"repost":{"id":"2425593562","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1712330022,"share":"https://www.laohu8.com/m/news/2425593562?lang=&edition=full","pubTime":"2024-04-05 23:13","market":"us","language":"en","title":"Tesla Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition","url":"https://stock-news.laohu8.com/highlight/detail?id=2425593562","media":"Reuters","summary":"Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.  The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses.  As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.","content":"<html><head></head><body><p>(Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.</p><p>Tesla stock fell 4.53% in late morning trading on the news.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8aba5245d63b2cba703d631470a3ce6e\" tg-width=\"778\" tg-height=\"625\"/></p><p>The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.</p><p>The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”</p><p>He has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.</p><p>Tesla’s cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.</p><p>Tesla did not respond to requests for comment.</p><p>The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. The plan for driverless robotaxis, which could take longer to deliver, presents a stiffer engineering challenge and more regulatory risk.</p><p>Two sources said they learned of Tesla&#39;s decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.</p><p>“Elon’s directive is to go all in on robotaxi,” that person said.</p><p>The third source confirmed the cancellation and said new plans call for robotaxis to be produced, but in much lower volumes than had been projected for the Model 2.</p><p>Several company messages reviewed by Reuters about the decision included one on March 1 from an unnamed program manager for the affordable car discussing the project’s demise with engineering staff and advising them to hold off on telling suppliers “about program cancellation.”</p><p>A fourth person with knowledge of Tesla’s plans expressed optimism about the decision to pivot away from the cheap-car strategy in favor of robotaxis, a segment Musk has envisioned as the future of mobility. The source cautioned that Tesla’s product plans could change again based on economic conditions.</p><p>Squeezing profits from entry-level vehicles is a challenge for any automaker. But Tesla’s delay in pursuing the car Musk once called his dream made it much tougher because it now faces far more competition in that price range.</p><p>While Tesla spent years developing its highly experimental Cybertruck, a pricey electric pickup, Chinese automakers have raced ahead on affordable EVs, grabbing market share, gaining economies of scale and offering consumers bargain prices that Western automakers are struggling to match.</p><p>As Chinese EVs surged to challenge Tesla’s dominance, Musk was tending to his sprawling empire, which includes rocket-maker SpaceX, brain-chip developer Neuralink, and social media giant X, which Musk acquired in 2022. Formerly called Twitter, the platform has foundered under Musk’s volatile management, shedding most of its value as the company has lost revenue and advertisers.</p><p>Plans for the affordable Tesla have been seen as key to delivering on Musk’s stratospheric ambitions for sales growth. Musk said in 2020 that Tesla aspired by 2030 to sell 20 million vehicles – twice as many as the world’s largest automaker, Toyota, sells today. With the death of the Model 2, it’s unclear how he’ll get there.</p><p>Expectations for a $25,000 vehicle have underpinned Wall Street analysts’ more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.</p><p>Musk has wavered on the project before. In a biography of the entrepreneur released last year, author Walter Issacson reported that Musk in 2022 “put a hold on” the entry-level EV plans, reasoning that a Tesla robotaxi would make the car irrelevant. Musk’s advisors urged him to stay the course, the book said.</p><p>‘HALT ALL FURTHER ACTIVITIES’</p><p>Tesla called the affordable-car project NV91 internally and H422 externally when discussing it with suppliers, according to two of the sources and company messages reviewed by Reuters.</p><p>Messages from the unnamed Tesla program manager to staffers referenced those code names in discussing the project’s termination. One of those messages sent March 1 said that “suppliers should halt all further activities related to H422/NV91.”</p><p>The sources said they did not know all the reasons behind the decision to kill the project.</p><p>In another March 1 message, the manager thanked engineering staffers for their efforts and urged them to document what they had learned.</p><p>“I’d like to thank everyone for all your hard work and dedication to pushing boundaries and executing the best design possible given the aggressive constraints we had to work within,” the message said. “We would not want all our hard work to go to waste, so it’s important that we tie things off and document things properly.”</p><p>The messages showed meetings on the affordable-car project being canceled. The two sources said some engineers have been reassigned.</p><p>Tesla’s timeline and business model for robotaxis remain unclear. Musk has publicly predicted a future of mobility in which driverless taxis could eventually become a more common mode of transport than human-driven cars. He has said Tesla, the world’s most valuable automaker, would be &#34;worth basically zero&#34; without achieving full self-driving capability.</p><p>Currently, self-driving cars have only been approved by U.S. and Chinese regulators for tightly limited, experimental use on public roads.</p><p>Tesla has yet to prove it can produce an autonomous car despite years of predictions by Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation. The automaker faces lawsuits and investigations into crashes involving its Autopilot and Full Self-Driving driver-assistance systems, which are not fully autonomous. Tesla has blamed the accidents on inattentive drivers.</p><p>Tesla&#39;s Autopilot woes are among a number of problems that have drawn scrutiny. The automaker faces another investigation into the driving-range estimates of its cars, launched after Reuters reported last year that Tesla had rigged the in-dash range meters in its vehicles to give rosy projections. Reuters reported in December that the automaker blamed “driver abuse” for chronic failures of suspension and steering parts it long knew were defective.</p><p>Tesla&#39;s image as a climate-friendly innovator has also suffered with Musk’s tilt toward right-wing politics and polarizing public statements, which have turned away some prospective Tesla buyers, according to surveys and experts.</p><p>The automaker reported an 8% year-over-year drop in deliveries on Tuesday, just after its chief Chinese competitor, BYD, reported a 13% gain. Tesla shares dropped 5% on the news, deepening a slide of more than 40% since last July, amounting to a loss of about $400 billion in market value.</p><p>Still, Tesla’s market capitalization of $545 billion is higher than the combined worth of the next three most valuable carmakers, Toyota, Porsche and Mercedes-Benz. Tesla’s stock value has long been based on future expectations for mass-market sales and driverless cars rather than its current sales and profits.</p><p>RUNNING LATE</p><p>The affordable-car project’s cancellation comes as Tesla and other established automakers have been rocked by slowing EV demand growth in the United States and Europe, and cut-throat competition in China.</p><p>If Tesla had moved forward with the low-cost car, it wouldn’t have arrived on the market until the latter half of 2025, by the company’s estimate. But the entry-level EV segment is already crowded with compelling models from BYD and many other Chinese brands.</p><p>Tesla is late to the segment in part because of a pivotal decision by Musk. In 2020, after releasing its hit crossover, the Model Y, Tesla focused on the highly experimental Cybertruck instead of an affordable car.</p><p>Musk unveiled a prototype of the angular, stainless steel-clad truck in 2019 and predicted a starting price of about $40,000. The vehicle finally arrived last year as a 2024 model. The two versions available now start at about $80,000 and $100,000. Tesla says a lower-end Cybertruck costing about $61,000 won&#39;t be ready for delivery until 2025.</p><p>The company has also struggled to work through manufacturing problems, particularly with the truck&#39;s pioneering battery technology. Musk hopes to sell the vehicle in high volumes but warned investors last fall about &#34;enormous challenges&#34; ramping up production and making the vehicle profitable.</p><p>&#34;We dug our own grave with the Cybertruck,&#34; he said.</p><p>During the same period, BYD has seen its electric-vehicle sales soar in China, growing from about 130,000 to more than 1.5 million, not including its thriving business in plug-in hybrids or its fast-growing exports.</p><p>BYD already offers a slew of low- and mid-range models, including its Seagull hatchback for less than $10,000. The Chinese automaker now plans to export that car for more than double that price - but still lower than the target for the cheap car Tesla had planned to build.</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 Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition</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 Scraps Low-Cost Car Plans Amid Fierce Chinese EV Competition\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-04-05 23:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.</p><p>Tesla stock fell 4.53% in late morning trading on the news.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8aba5245d63b2cba703d631470a3ce6e\" tg-width=\"778\" tg-height=\"625\"/></p><p>The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.</p><p>The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”</p><p>He has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.</p><p>Tesla’s cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.</p><p>Tesla did not respond to requests for comment.</p><p>The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. The plan for driverless robotaxis, which could take longer to deliver, presents a stiffer engineering challenge and more regulatory risk.</p><p>Two sources said they learned of Tesla&#39;s decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.</p><p>“Elon’s directive is to go all in on robotaxi,” that person said.</p><p>The third source confirmed the cancellation and said new plans call for robotaxis to be produced, but in much lower volumes than had been projected for the Model 2.</p><p>Several company messages reviewed by Reuters about the decision included one on March 1 from an unnamed program manager for the affordable car discussing the project’s demise with engineering staff and advising them to hold off on telling suppliers “about program cancellation.”</p><p>A fourth person with knowledge of Tesla’s plans expressed optimism about the decision to pivot away from the cheap-car strategy in favor of robotaxis, a segment Musk has envisioned as the future of mobility. The source cautioned that Tesla’s product plans could change again based on economic conditions.</p><p>Squeezing profits from entry-level vehicles is a challenge for any automaker. But Tesla’s delay in pursuing the car Musk once called his dream made it much tougher because it now faces far more competition in that price range.</p><p>While Tesla spent years developing its highly experimental Cybertruck, a pricey electric pickup, Chinese automakers have raced ahead on affordable EVs, grabbing market share, gaining economies of scale and offering consumers bargain prices that Western automakers are struggling to match.</p><p>As Chinese EVs surged to challenge Tesla’s dominance, Musk was tending to his sprawling empire, which includes rocket-maker SpaceX, brain-chip developer Neuralink, and social media giant X, which Musk acquired in 2022. Formerly called Twitter, the platform has foundered under Musk’s volatile management, shedding most of its value as the company has lost revenue and advertisers.</p><p>Plans for the affordable Tesla have been seen as key to delivering on Musk’s stratospheric ambitions for sales growth. Musk said in 2020 that Tesla aspired by 2030 to sell 20 million vehicles – twice as many as the world’s largest automaker, Toyota, sells today. With the death of the Model 2, it’s unclear how he’ll get there.</p><p>Expectations for a $25,000 vehicle have underpinned Wall Street analysts’ more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.</p><p>Musk has wavered on the project before. In a biography of the entrepreneur released last year, author Walter Issacson reported that Musk in 2022 “put a hold on” the entry-level EV plans, reasoning that a Tesla robotaxi would make the car irrelevant. Musk’s advisors urged him to stay the course, the book said.</p><p>‘HALT ALL FURTHER ACTIVITIES’</p><p>Tesla called the affordable-car project NV91 internally and H422 externally when discussing it with suppliers, according to two of the sources and company messages reviewed by Reuters.</p><p>Messages from the unnamed Tesla program manager to staffers referenced those code names in discussing the project’s termination. One of those messages sent March 1 said that “suppliers should halt all further activities related to H422/NV91.”</p><p>The sources said they did not know all the reasons behind the decision to kill the project.</p><p>In another March 1 message, the manager thanked engineering staffers for their efforts and urged them to document what they had learned.</p><p>“I’d like to thank everyone for all your hard work and dedication to pushing boundaries and executing the best design possible given the aggressive constraints we had to work within,” the message said. “We would not want all our hard work to go to waste, so it’s important that we tie things off and document things properly.”</p><p>The messages showed meetings on the affordable-car project being canceled. The two sources said some engineers have been reassigned.</p><p>Tesla’s timeline and business model for robotaxis remain unclear. Musk has publicly predicted a future of mobility in which driverless taxis could eventually become a more common mode of transport than human-driven cars. He has said Tesla, the world’s most valuable automaker, would be &#34;worth basically zero&#34; without achieving full self-driving capability.</p><p>Currently, self-driving cars have only been approved by U.S. and Chinese regulators for tightly limited, experimental use on public roads.</p><p>Tesla has yet to prove it can produce an autonomous car despite years of predictions by Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation. The automaker faces lawsuits and investigations into crashes involving its Autopilot and Full Self-Driving driver-assistance systems, which are not fully autonomous. Tesla has blamed the accidents on inattentive drivers.</p><p>Tesla&#39;s Autopilot woes are among a number of problems that have drawn scrutiny. The automaker faces another investigation into the driving-range estimates of its cars, launched after Reuters reported last year that Tesla had rigged the in-dash range meters in its vehicles to give rosy projections. Reuters reported in December that the automaker blamed “driver abuse” for chronic failures of suspension and steering parts it long knew were defective.</p><p>Tesla&#39;s image as a climate-friendly innovator has also suffered with Musk’s tilt toward right-wing politics and polarizing public statements, which have turned away some prospective Tesla buyers, according to surveys and experts.</p><p>The automaker reported an 8% year-over-year drop in deliveries on Tuesday, just after its chief Chinese competitor, BYD, reported a 13% gain. Tesla shares dropped 5% on the news, deepening a slide of more than 40% since last July, amounting to a loss of about $400 billion in market value.</p><p>Still, Tesla’s market capitalization of $545 billion is higher than the combined worth of the next three most valuable carmakers, Toyota, Porsche and Mercedes-Benz. Tesla’s stock value has long been based on future expectations for mass-market sales and driverless cars rather than its current sales and profits.</p><p>RUNNING LATE</p><p>The affordable-car project’s cancellation comes as Tesla and other established automakers have been rocked by slowing EV demand growth in the United States and Europe, and cut-throat competition in China.</p><p>If Tesla had moved forward with the low-cost car, it wouldn’t have arrived on the market until the latter half of 2025, by the company’s estimate. But the entry-level EV segment is already crowded with compelling models from BYD and many other Chinese brands.</p><p>Tesla is late to the segment in part because of a pivotal decision by Musk. In 2020, after releasing its hit crossover, the Model Y, Tesla focused on the highly experimental Cybertruck instead of an affordable car.</p><p>Musk unveiled a prototype of the angular, stainless steel-clad truck in 2019 and predicted a starting price of about $40,000. The vehicle finally arrived last year as a 2024 model. The two versions available now start at about $80,000 and $100,000. Tesla says a lower-end Cybertruck costing about $61,000 won&#39;t be ready for delivery until 2025.</p><p>The company has also struggled to work through manufacturing problems, particularly with the truck&#39;s pioneering battery technology. Musk hopes to sell the vehicle in high volumes but warned investors last fall about &#34;enormous challenges&#34; ramping up production and making the vehicle profitable.</p><p>&#34;We dug our own grave with the Cybertruck,&#34; he said.</p><p>During the same period, BYD has seen its electric-vehicle sales soar in China, growing from about 130,000 to more than 1.5 million, not including its thriving business in plug-in hybrids or its fast-growing exports.</p><p>BYD already offers a slew of low- and mid-range models, including its Seagull hatchback for less than $10,000. The Chinese automaker now plans to export that car for more than double that price - but still lower than the target for the cheap car Tesla had planned to build.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://sg.news.yahoo.com/news/exclusive-tesla-scraps-low-cost-150726195.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2425593562","content_text":"(Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.Tesla stock fell 4.53% in late morning trading on the news.The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”He has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.Tesla’s cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000.Tesla did not respond to requests for comment.The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. The plan for driverless robotaxis, which could take longer to deliver, presents a stiffer engineering challenge and more regulatory risk.Two sources said they learned of Tesla's decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.“Elon’s directive is to go all in on robotaxi,” that person said.The third source confirmed the cancellation and said new plans call for robotaxis to be produced, but in much lower volumes than had been projected for the Model 2.Several company messages reviewed by Reuters about the decision included one on March 1 from an unnamed program manager for the affordable car discussing the project’s demise with engineering staff and advising them to hold off on telling suppliers “about program cancellation.”A fourth person with knowledge of Tesla’s plans expressed optimism about the decision to pivot away from the cheap-car strategy in favor of robotaxis, a segment Musk has envisioned as the future of mobility. The source cautioned that Tesla’s product plans could change again based on economic conditions.Squeezing profits from entry-level vehicles is a challenge for any automaker. But Tesla’s delay in pursuing the car Musk once called his dream made it much tougher because it now faces far more competition in that price range.While Tesla spent years developing its highly experimental Cybertruck, a pricey electric pickup, Chinese automakers have raced ahead on affordable EVs, grabbing market share, gaining economies of scale and offering consumers bargain prices that Western automakers are struggling to match.As Chinese EVs surged to challenge Tesla’s dominance, Musk was tending to his sprawling empire, which includes rocket-maker SpaceX, brain-chip developer Neuralink, and social media giant X, which Musk acquired in 2022. Formerly called Twitter, the platform has foundered under Musk’s volatile management, shedding most of its value as the company has lost revenue and advertisers.Plans for the affordable Tesla have been seen as key to delivering on Musk’s stratospheric ambitions for sales growth. Musk said in 2020 that Tesla aspired by 2030 to sell 20 million vehicles – twice as many as the world’s largest automaker, Toyota, sells today. With the death of the Model 2, it’s unclear how he’ll get there.Expectations for a $25,000 vehicle have underpinned Wall Street analysts’ more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.Musk has wavered on the project before. In a biography of the entrepreneur released last year, author Walter Issacson reported that Musk in 2022 “put a hold on” the entry-level EV plans, reasoning that a Tesla robotaxi would make the car irrelevant. Musk’s advisors urged him to stay the course, the book said.‘HALT ALL FURTHER ACTIVITIES’Tesla called the affordable-car project NV91 internally and H422 externally when discussing it with suppliers, according to two of the sources and company messages reviewed by Reuters.Messages from the unnamed Tesla program manager to staffers referenced those code names in discussing the project’s termination. One of those messages sent March 1 said that “suppliers should halt all further activities related to H422/NV91.”The sources said they did not know all the reasons behind the decision to kill the project.In another March 1 message, the manager thanked engineering staffers for their efforts and urged them to document what they had learned.“I’d like to thank everyone for all your hard work and dedication to pushing boundaries and executing the best design possible given the aggressive constraints we had to work within,” the message said. “We would not want all our hard work to go to waste, so it’s important that we tie things off and document things properly.”The messages showed meetings on the affordable-car project being canceled. The two sources said some engineers have been reassigned.Tesla’s timeline and business model for robotaxis remain unclear. Musk has publicly predicted a future of mobility in which driverless taxis could eventually become a more common mode of transport than human-driven cars. He has said Tesla, the world’s most valuable automaker, would be \"worth basically zero\" without achieving full self-driving capability.Currently, self-driving cars have only been approved by U.S. and Chinese regulators for tightly limited, experimental use on public roads.Tesla has yet to prove it can produce an autonomous car despite years of predictions by Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation. The automaker faces lawsuits and investigations into crashes involving its Autopilot and Full Self-Driving driver-assistance systems, which are not fully autonomous. Tesla has blamed the accidents on inattentive drivers.Tesla's Autopilot woes are among a number of problems that have drawn scrutiny. The automaker faces another investigation into the driving-range estimates of its cars, launched after Reuters reported last year that Tesla had rigged the in-dash range meters in its vehicles to give rosy projections. Reuters reported in December that the automaker blamed “driver abuse” for chronic failures of suspension and steering parts it long knew were defective.Tesla's image as a climate-friendly innovator has also suffered with Musk’s tilt toward right-wing politics and polarizing public statements, which have turned away some prospective Tesla buyers, according to surveys and experts.The automaker reported an 8% year-over-year drop in deliveries on Tuesday, just after its chief Chinese competitor, BYD, reported a 13% gain. Tesla shares dropped 5% on the news, deepening a slide of more than 40% since last July, amounting to a loss of about $400 billion in market value.Still, Tesla’s market capitalization of $545 billion is higher than the combined worth of the next three most valuable carmakers, Toyota, Porsche and Mercedes-Benz. Tesla’s stock value has long been based on future expectations for mass-market sales and driverless cars rather than its current sales and profits.RUNNING LATEThe affordable-car project’s cancellation comes as Tesla and other established automakers have been rocked by slowing EV demand growth in the United States and Europe, and cut-throat competition in China.If Tesla had moved forward with the low-cost car, it wouldn’t have arrived on the market until the latter half of 2025, by the company’s estimate. But the entry-level EV segment is already crowded with compelling models from BYD and many other Chinese brands.Tesla is late to the segment in part because of a pivotal decision by Musk. In 2020, after releasing its hit crossover, the Model Y, Tesla focused on the highly experimental Cybertruck instead of an affordable car.Musk unveiled a prototype of the angular, stainless steel-clad truck in 2019 and predicted a starting price of about $40,000. The vehicle finally arrived last year as a 2024 model. The two versions available now start at about $80,000 and $100,000. Tesla says a lower-end Cybertruck costing about $61,000 won't be ready for delivery until 2025.The company has also struggled to work through manufacturing problems, particularly with the truck's pioneering battery technology. Musk hopes to sell the vehicle in high volumes but warned investors last fall about \"enormous challenges\" ramping up production and making the vehicle profitable.\"We dug our own grave with the Cybertruck,\" he said.During the same period, BYD has seen its electric-vehicle sales soar in China, growing from about 130,000 to more than 1.5 million, not including its thriving business in plug-in hybrids or its fast-growing exports.BYD already offers a slew of low- and mid-range models, including its Seagull hatchback for less than $10,000. The Chinese automaker now plans to export that car for more than double that price - but still lower than the target for the cheap car Tesla had planned to build.","news_type":1},"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":263314464321624,"gmtCreate":1705320443119,"gmtModify":1705320449052,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"#dowjonesFUDTSLAQ if Tesla starts to advertise with FUDDowjones and all the parasitical MSM, will they change tune and promote Tesla as a growth stock that is best in class for EVs?&nbsp;","listText":"#dowjonesFUDTSLAQ if Tesla starts to advertise with FUDDowjones and all the parasitical MSM, will they change tune and promote Tesla as a growth stock that is best in class for EVs?&nbsp;","text":"#dowjonesFUDTSLAQ if Tesla starts to advertise with FUDDowjones and all the parasitical MSM, will they change tune and promote Tesla as a growth stock that is best in class for EVs?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/263314464321624","repostId":"2403647307","repostType":2,"repost":{"id":"2403647307","weMediaInfo":{"introduction":"Dow 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":1705320000,"share":"https://www.laohu8.com/m/news/2403647307?lang=&edition=full","pubTime":"2024-01-15 20:00","market":"us","language":"en","title":"Tesla Stock Is Being Sold by Almost Everyone. Cathie Wood Is Buying","url":"https://stock-news.laohu8.com/highlight/detail?id=2403647307","media":"Dow Jones","summary":"Tesla stock has had a pretty lousy start to 2024. It isn’t unprecedented, but it’s bad enough that investors should ask themselves what’s going on.Investors have been selling Tesla stock to start in 2","content":"<html><head></head><body><p style=\"text-align: start;\">Tesla stock has had a pretty lousy start to 2024. It isn’t unprecedented, but it’s bad enough that investors should ask themselves what’s going on.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27572307da6642585088c0e3a1ddd295\" alt=\"Investors have been selling Tesla stock to start in 2024. ARK Invest’s Cathie Wood has been buying.\" title=\"Investors have been selling Tesla stock to start in 2024. ARK Invest’s Cathie Wood has been buying.\" tg-width=\"943\" tg-height=\"638\"/><span>Investors have been selling Tesla stock to start in 2024. ARK Invest’s Cathie Wood has been buying.</span></p><p style=\"text-align: start;\">Tesla shares have fallen 12% to start the year. The S&amp;P 500 and Nasdaq Composite both have been flat.</p><p>There are a few non-Tesla reasons investors might be selling. The U.S. 10-year Treasury bond yield has ticked up ever so slightly to just over 3.94% from just below that. It’s a tiny change but reflects a hotter-than-expected consumer inflation reading that has shaken some investor confidence that the Federal Reserve will be cutting interest rates.</p><p>Lower interest rates can help stock valuations. They can also make cars cheaper to finance, helping Tesla and others sell more cars.</p><p>Then there are taxes. Tesla stock doubled in 2023. Sometimes investors avoid selling until a new year to put off paying taxes until their next year’s tax filing. It’s the opposite effect of tax-loss selling in December.</p><p>That, like the change in the 10-year yield, also likely is just a minor factor. Tesla stock has risen 11 of the 13 full years that it has traded as a public company. The stock has dropped to start the next year in six of the 11 times. That is more than 50%, but not much of a trend.</p><p>This year isn’t the worst start to a year, however. It’s only the fourth-worst start. Tesla stock dropped more than 20% in the first nine trading days of 2012 after rising 7% in 2011.</p><p>More significant than trading patterns and rates are Tesla’s Chinese price cuts, implemented late last week. Lower prices for cars mean lower profit margins and lower earnings estimates from analysts. What’s more, lower prices in China will stoke speculation that prices for new Tesla vehicles will fall around the world.</p><p>There was also the announcement earlier last week that Hertz is selling one-third of its EV fleet. That stoked fears that Americans aren’t ready for EVs. It’s probably more accurate to say American car renters aren’t ready for EVs. It’s tough to take a rental EV on a road trip if the driver has little experience with an electric vehicle. Wedbush analyst Dan Ives called the situation a black eye for Hertz, not Tesla.</p><p>The Hertz announcement came as Cox Automotive published full-year sales data for 2023. Americans bought 1.2 million battery-electric vehicles last year, up 45% year over year.</p><p>Amid the selling of Tesla stock, ARK Invest’s Cathie Wood has been buying. She bought 94,733 shares of Tesla in the ARK Innovation ETF on Jan. 11, and 93,654 on Jan. 12.</p><p>ARK didn’t return a request for comment from <em>Barron’s</em> on Saturday. ARK is a Tesla bull and the stock is the second-largest position in the fund, next to Coinbase, representing about 8% of the portfolio. Wood just might be buying the dip.</p><p>As for when the selling might end, investors can look at the stock charts. Tesla took out “its 200-day moving average, which increases risk to the next move and more important support near $208,” said Fairlead Strategies co-founder and market technician, Katie Stockton. Technical analysts such as Stockton look at stock charts and patterns to get a sense of investor sentiment and where stocks will go over the short and medium term.</p><p>Tesla stock’s 200-day moving average is about $231 a share. It closed below that level on Thursday for the first time since November. Stocks sometimes have trouble dropping below or rising above significant moving averages. That’s a technical analysis observation that can reflect when investors feel like a stock has gotten too cheap or too expensive.</p><p>When a key level is taken out it can signal a change in investor thinking. Investors, in this instance, are looking more worried about EV pricing, competition, and the direction of interest rates.</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 Stock Is Being Sold by Almost Everyone. Cathie Wood Is Buying</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 Being Sold by Almost Everyone. Cathie Wood Is Buying\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\">2024-01-15 20:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Tesla stock has had a pretty lousy start to 2024. It isn’t unprecedented, but it’s bad enough that investors should ask themselves what’s going on.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27572307da6642585088c0e3a1ddd295\" alt=\"Investors have been selling Tesla stock to start in 2024. ARK Invest’s Cathie Wood has been buying.\" title=\"Investors have been selling Tesla stock to start in 2024. ARK Invest’s Cathie Wood has been buying.\" tg-width=\"943\" tg-height=\"638\"/><span>Investors have been selling Tesla stock to start in 2024. ARK Invest’s Cathie Wood has been buying.</span></p><p style=\"text-align: start;\">Tesla shares have fallen 12% to start the year. The S&amp;P 500 and Nasdaq Composite both have been flat.</p><p>There are a few non-Tesla reasons investors might be selling. The U.S. 10-year Treasury bond yield has ticked up ever so slightly to just over 3.94% from just below that. It’s a tiny change but reflects a hotter-than-expected consumer inflation reading that has shaken some investor confidence that the Federal Reserve will be cutting interest rates.</p><p>Lower interest rates can help stock valuations. They can also make cars cheaper to finance, helping Tesla and others sell more cars.</p><p>Then there are taxes. Tesla stock doubled in 2023. Sometimes investors avoid selling until a new year to put off paying taxes until their next year’s tax filing. It’s the opposite effect of tax-loss selling in December.</p><p>That, like the change in the 10-year yield, also likely is just a minor factor. Tesla stock has risen 11 of the 13 full years that it has traded as a public company. The stock has dropped to start the next year in six of the 11 times. That is more than 50%, but not much of a trend.</p><p>This year isn’t the worst start to a year, however. It’s only the fourth-worst start. Tesla stock dropped more than 20% in the first nine trading days of 2012 after rising 7% in 2011.</p><p>More significant than trading patterns and rates are Tesla’s Chinese price cuts, implemented late last week. Lower prices for cars mean lower profit margins and lower earnings estimates from analysts. What’s more, lower prices in China will stoke speculation that prices for new Tesla vehicles will fall around the world.</p><p>There was also the announcement earlier last week that Hertz is selling one-third of its EV fleet. That stoked fears that Americans aren’t ready for EVs. It’s probably more accurate to say American car renters aren’t ready for EVs. It’s tough to take a rental EV on a road trip if the driver has little experience with an electric vehicle. Wedbush analyst Dan Ives called the situation a black eye for Hertz, not Tesla.</p><p>The Hertz announcement came as Cox Automotive published full-year sales data for 2023. Americans bought 1.2 million battery-electric vehicles last year, up 45% year over year.</p><p>Amid the selling of Tesla stock, ARK Invest’s Cathie Wood has been buying. She bought 94,733 shares of Tesla in the ARK Innovation ETF on Jan. 11, and 93,654 on Jan. 12.</p><p>ARK didn’t return a request for comment from <em>Barron’s</em> on Saturday. ARK is a Tesla bull and the stock is the second-largest position in the fund, next to Coinbase, representing about 8% of the portfolio. Wood just might be buying the dip.</p><p>As for when the selling might end, investors can look at the stock charts. Tesla took out “its 200-day moving average, which increases risk to the next move and more important support near $208,” said Fairlead Strategies co-founder and market technician, Katie Stockton. Technical analysts such as Stockton look at stock charts and patterns to get a sense of investor sentiment and where stocks will go over the short and medium term.</p><p>Tesla stock’s 200-day moving average is about $231 a share. It closed below that level on Thursday for the first time since November. Stocks sometimes have trouble dropping below or rising above significant moving averages. That’s a technical analysis observation that can reflect when investors feel like a stock has gotten too cheap or too expensive.</p><p>When a key level is taken out it can signal a change in investor thinking. Investors, in this instance, are looking more worried about EV pricing, competition, and the direction of interest rates.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4527":"明星科技股","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","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","BK4550":"红杉资本持仓","BK4588":"碎股","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4574":"无人驾驶","BK4544":"ARK ETF合集","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","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4230":"旅客陆运","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4581":"高盛持仓","LU0056508442.USD":"贝莱德世界科技基金A2","TSLA":"特斯拉","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4511":"特斯拉概念","BK4548":"巴美列捷福持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2063271972.USD":"富兰克林创新领域基金","BK4592":"伊斯兰概念","LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2403647307","content_text":"Tesla stock has had a pretty lousy start to 2024. It isn’t unprecedented, but it’s bad enough that investors should ask themselves what’s going on.Investors have been selling Tesla stock to start in 2024. ARK Invest’s Cathie Wood has been buying.Tesla shares have fallen 12% to start the year. The S&P 500 and Nasdaq Composite both have been flat.There are a few non-Tesla reasons investors might be selling. The U.S. 10-year Treasury bond yield has ticked up ever so slightly to just over 3.94% from just below that. It’s a tiny change but reflects a hotter-than-expected consumer inflation reading that has shaken some investor confidence that the Federal Reserve will be cutting interest rates.Lower interest rates can help stock valuations. They can also make cars cheaper to finance, helping Tesla and others sell more cars.Then there are taxes. Tesla stock doubled in 2023. Sometimes investors avoid selling until a new year to put off paying taxes until their next year’s tax filing. It’s the opposite effect of tax-loss selling in December.That, like the change in the 10-year yield, also likely is just a minor factor. Tesla stock has risen 11 of the 13 full years that it has traded as a public company. The stock has dropped to start the next year in six of the 11 times. That is more than 50%, but not much of a trend.This year isn’t the worst start to a year, however. It’s only the fourth-worst start. Tesla stock dropped more than 20% in the first nine trading days of 2012 after rising 7% in 2011.More significant than trading patterns and rates are Tesla’s Chinese price cuts, implemented late last week. Lower prices for cars mean lower profit margins and lower earnings estimates from analysts. What’s more, lower prices in China will stoke speculation that prices for new Tesla vehicles will fall around the world.There was also the announcement earlier last week that Hertz is selling one-third of its EV fleet. That stoked fears that Americans aren’t ready for EVs. It’s probably more accurate to say American car renters aren’t ready for EVs. It’s tough to take a rental EV on a road trip if the driver has little experience with an electric vehicle. Wedbush analyst Dan Ives called the situation a black eye for Hertz, not Tesla.The Hertz announcement came as Cox Automotive published full-year sales data for 2023. Americans bought 1.2 million battery-electric vehicles last year, up 45% year over year.Amid the selling of Tesla stock, ARK Invest’s Cathie Wood has been buying. She bought 94,733 shares of Tesla in the ARK Innovation ETF on Jan. 11, and 93,654 on Jan. 12.ARK didn’t return a request for comment from Barron’s on Saturday. ARK is a Tesla bull and the stock is the second-largest position in the fund, next to Coinbase, representing about 8% of the portfolio. Wood just might be buying the dip.As for when the selling might end, investors can look at the stock charts. Tesla took out “its 200-day moving average, which increases risk to the next move and more important support near $208,” said Fairlead Strategies co-founder and market technician, Katie Stockton. Technical analysts such as Stockton look at stock charts and patterns to get a sense of investor sentiment and where stocks will go over the short and medium term.Tesla stock’s 200-day moving average is about $231 a share. It closed below that level on Thursday for the first time since November. Stocks sometimes have trouble dropping below or rising above significant moving averages. That’s a technical analysis observation that can reflect when investors feel like a stock has gotten too cheap or too expensive.When a key level is taken out it can signal a change in investor thinking. Investors, in this instance, are looking more worried about EV pricing, competition, and the direction of interest rates.","news_type":1},"isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":260883969728696,"gmtCreate":1704702858752,"gmtModify":1704703241700,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Old FUD rehashed to prevent Tsla shares from going up. WSJ Dow Jones Reuters CNBC all ganged up against EM's X and companies. Damn pathetic. These MSM has become FUD machines with no more credibility and are whoremongers for $$$. Gotta skip supporting them.","listText":"Old FUD rehashed to prevent Tsla shares from going up. WSJ Dow Jones Reuters CNBC all ganged up against EM's X and companies. Damn pathetic. These MSM has become FUD machines with no more credibility and are whoremongers for $$$. Gotta skip supporting them.","text":"Old FUD rehashed to prevent Tsla shares from going up. WSJ Dow Jones Reuters CNBC all ganged up against EM's X and companies. Damn pathetic. These MSM has become FUD machines with no more credibility and are whoremongers for $$$. Gotta skip supporting them.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/260883969728696","repostId":"2401064104","repostType":2,"repost":{"id":"2401064104","weMediaInfo":{"introduction":"Dow 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":1704702600,"share":"https://www.laohu8.com/m/news/2401064104?lang=&edition=full","pubTime":"2024-01-08 16:30","market":"us","language":"en","title":"For Tesla Stock, A Story About Elon Musk’s Drug Use Means Volatility","url":"https://stock-news.laohu8.com/highlight/detail?id=2401064104","media":"Dow Jones","summary":"The Wall Street Journal, on Saturday, published an article on alleged illegal drug use by Tesla CEO Elon Musk. Come Monday, investors will have to wrestle with what the news means for Tesla stock.Tesl","content":"<html><head></head><body><p style=\"text-align: start;\"><em>The Wall Street Journal</em>, on Saturday, published an article on alleged illegal drug use by Tesla CEO Elon Musk. Come Monday, investors will have to wrestle with what the news means for Tesla stock.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c68ea31db6d7da66b02bda3c7455de16\" title=\"Tesla CEO Elon Musk speaks during the New York Times annual DealBook summit on Nov. 29, 2023, in New York City.\" tg-width=\"959\" tg-height=\"642\"/><span>Tesla CEO Elon Musk speaks during the New York Times annual DealBook summit on Nov. 29, 2023, in New York City.</span></p><p style=\"text-align: start;\">Musk’s drug use includes LSD, cocaine, ecstasy, ketamine, and psychedelic mushrooms, the report alleged.</p><p>Tesla didn’t respond to a request for comment. In the story, Musk’s attorney Alex Spiro said the CEO is “regularly and randomly drug tested at SpaceX and has never failed a test,” adding “there are other false facts” in the story without being specific.</p><p>Tesla, Musk, and Spiro had not responded to a <em>Barron’s</em> request for comment about the <em>WSJ</em> article at the time of publication.</p><p>For Tesla shareholders, stories about Musk generally boil down to key-person risk. That is the risk of something happening to an important member of any organization. The CEO is almost always the most important person to an organization, but Musk is a special case. Pioneering the electric vehicle revolution, as well as investing heavily in self-driving technology, has made him the richest person on the planet.</p><p>Investors had to consider key-person risk when Musk purchased Twitter, which is now X, in 2022. “Tesla is Elon Musk,” said Roth Capital analyst Craig Irwin at the time, reflecting on how issues impacting Musk’s public perception or taking some of his time away from Tesla could impact Tesla shares.</p><p>The X purchase did appear to impact Tesla stock. Along with worries over management distraction, investors had to deal with Musk selling billions in Tesla stock to fund the deal. Large blocks of stock, that investors know are coming, can depress any share price. No one wants to buy stock ahead of a big sale.</p><p>From the time Musk made an offer for X in mid-April 2022 until the end of the year, Tesla stock dropped about 62%. Some of that was likely X-related, but it was a tough year for tech stocks. The Nasdaq Composite was down about 22% over the same span. Coming into Monday trading, Tesla stock is up 110% over the past 12 months. The S&amp;P 500 and Nasdaq Composite are up about 21% and 37%, respectively.</p><p>There is no good rule of thumb for ranking how stories about Musk can impact Tesla stock, or how the drug-use story unfolds. Musk has been embroiled in other controversies, including his Nov. 15 response to a tweet with anti-Semitic content. Tesla stock dropped about 1% over the 10 days after the tweet. The Nasdaq was up about 1% over the same span. Musk strongly denied holding anti-Semitic beliefs in an interview on Nov. 29.</p><p>Based on past experiences, investors should brace for some stock volatility. Tesla stock could underperform major indexes by a few percentage points over the coming days.</p><p>“It’s not the headlines investors want to see but ultimately Tesla investors are immune at this point to the negative Musk headlines,” says Wedbush analyst Dan Ives.</p><p>At least until they aren’t.</p><p><strong>Note:</strong> Elon Musk hit back at the <em>Wall Street Journal </em>on Sunday.</p><p>In a post on X, formerly known as Twitter, Musk sneered that the <em>Journal </em>was “not fit to line a parrot cage for bird [poo emoji],” and asserted, “after that one puff with [Joe] Rogan, I agreed, at NASA’s request, to do 3 years of random drug testing. Not even trace quantities were found of any drugs or alcohol.”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd1229987030ec4b95cc0dd0f2d59d37\" title=\"\" tg-width=\"888\" tg-height=\"282\"/></p><p>Musk’s post referenced an incident in 2018 in which he smoked marijuana on Rogan’s podcast, which led the Pentagon to review his federal security clearance, which was tied to his company SpaceX’s work with the U.S. AirForce.</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>For Tesla Stock, A Story About Elon Musk’s Drug Use Means Volatility</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\">\nFor Tesla Stock, A Story About Elon Musk’s Drug Use Means Volatility\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\">2024-01-08 16:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\"><em>The Wall Street Journal</em>, on Saturday, published an article on alleged illegal drug use by Tesla CEO Elon Musk. Come Monday, investors will have to wrestle with what the news means for Tesla stock.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c68ea31db6d7da66b02bda3c7455de16\" title=\"Tesla CEO Elon Musk speaks during the New York Times annual DealBook summit on Nov. 29, 2023, in New York City.\" tg-width=\"959\" tg-height=\"642\"/><span>Tesla CEO Elon Musk speaks during the New York Times annual DealBook summit on Nov. 29, 2023, in New York City.</span></p><p style=\"text-align: start;\">Musk’s drug use includes LSD, cocaine, ecstasy, ketamine, and psychedelic mushrooms, the report alleged.</p><p>Tesla didn’t respond to a request for comment. In the story, Musk’s attorney Alex Spiro said the CEO is “regularly and randomly drug tested at SpaceX and has never failed a test,” adding “there are other false facts” in the story without being specific.</p><p>Tesla, Musk, and Spiro had not responded to a <em>Barron’s</em> request for comment about the <em>WSJ</em> article at the time of publication.</p><p>For Tesla shareholders, stories about Musk generally boil down to key-person risk. That is the risk of something happening to an important member of any organization. The CEO is almost always the most important person to an organization, but Musk is a special case. Pioneering the electric vehicle revolution, as well as investing heavily in self-driving technology, has made him the richest person on the planet.</p><p>Investors had to consider key-person risk when Musk purchased Twitter, which is now X, in 2022. “Tesla is Elon Musk,” said Roth Capital analyst Craig Irwin at the time, reflecting on how issues impacting Musk’s public perception or taking some of his time away from Tesla could impact Tesla shares.</p><p>The X purchase did appear to impact Tesla stock. Along with worries over management distraction, investors had to deal with Musk selling billions in Tesla stock to fund the deal. Large blocks of stock, that investors know are coming, can depress any share price. No one wants to buy stock ahead of a big sale.</p><p>From the time Musk made an offer for X in mid-April 2022 until the end of the year, Tesla stock dropped about 62%. Some of that was likely X-related, but it was a tough year for tech stocks. The Nasdaq Composite was down about 22% over the same span. Coming into Monday trading, Tesla stock is up 110% over the past 12 months. The S&amp;P 500 and Nasdaq Composite are up about 21% and 37%, respectively.</p><p>There is no good rule of thumb for ranking how stories about Musk can impact Tesla stock, or how the drug-use story unfolds. Musk has been embroiled in other controversies, including his Nov. 15 response to a tweet with anti-Semitic content. Tesla stock dropped about 1% over the 10 days after the tweet. The Nasdaq was up about 1% over the same span. Musk strongly denied holding anti-Semitic beliefs in an interview on Nov. 29.</p><p>Based on past experiences, investors should brace for some stock volatility. Tesla stock could underperform major indexes by a few percentage points over the coming days.</p><p>“It’s not the headlines investors want to see but ultimately Tesla investors are immune at this point to the negative Musk headlines,” says Wedbush analyst Dan Ives.</p><p>At least until they aren’t.</p><p><strong>Note:</strong> Elon Musk hit back at the <em>Wall Street Journal </em>on Sunday.</p><p>In a post on X, formerly known as Twitter, Musk sneered that the <em>Journal </em>was “not fit to line a parrot cage for bird [poo emoji],” and asserted, “after that one puff with [Joe] Rogan, I agreed, at NASA’s request, to do 3 years of random drug testing. Not even trace quantities were found of any drugs or alcohol.”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd1229987030ec4b95cc0dd0f2d59d37\" title=\"\" tg-width=\"888\" tg-height=\"282\"/></p><p>Musk’s post referenced an incident in 2018 in which he smoked marijuana on Rogan’s podcast, which led the Pentagon to review his federal security clearance, which was tied to his company SpaceX’s work with the U.S. AirForce.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4585":"ETF&股票定投概念","BK4548":"巴美列捷福持仓","BK4588":"碎股","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU2063271972.USD":"富兰克林创新领域基金","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","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","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU0823414478.USD":"法巴经典能源转换基金","BK4527":"明星科技股","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","TSLA":"特斯拉","BK4550":"红杉资本持仓","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4099":"汽车制造商","LU0056508442.USD":"贝莱德世界科技基金A2","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4574":"无人驾驶","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4592":"伊斯兰概念","BK4551":"寇图资本持仓","BK4581":"高盛持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4511":"特斯拉概念","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2401064104","content_text":"The Wall Street Journal, on Saturday, published an article on alleged illegal drug use by Tesla CEO Elon Musk. Come Monday, investors will have to wrestle with what the news means for Tesla stock.Tesla CEO Elon Musk speaks during the New York Times annual DealBook summit on Nov. 29, 2023, in New York City.Musk’s drug use includes LSD, cocaine, ecstasy, ketamine, and psychedelic mushrooms, the report alleged.Tesla didn’t respond to a request for comment. In the story, Musk’s attorney Alex Spiro said the CEO is “regularly and randomly drug tested at SpaceX and has never failed a test,” adding “there are other false facts” in the story without being specific.Tesla, Musk, and Spiro had not responded to a Barron’s request for comment about the WSJ article at the time of publication.For Tesla shareholders, stories about Musk generally boil down to key-person risk. That is the risk of something happening to an important member of any organization. The CEO is almost always the most important person to an organization, but Musk is a special case. Pioneering the electric vehicle revolution, as well as investing heavily in self-driving technology, has made him the richest person on the planet.Investors had to consider key-person risk when Musk purchased Twitter, which is now X, in 2022. “Tesla is Elon Musk,” said Roth Capital analyst Craig Irwin at the time, reflecting on how issues impacting Musk’s public perception or taking some of his time away from Tesla could impact Tesla shares.The X purchase did appear to impact Tesla stock. Along with worries over management distraction, investors had to deal with Musk selling billions in Tesla stock to fund the deal. Large blocks of stock, that investors know are coming, can depress any share price. No one wants to buy stock ahead of a big sale.From the time Musk made an offer for X in mid-April 2022 until the end of the year, Tesla stock dropped about 62%. Some of that was likely X-related, but it was a tough year for tech stocks. The Nasdaq Composite was down about 22% over the same span. Coming into Monday trading, Tesla stock is up 110% over the past 12 months. The S&P 500 and Nasdaq Composite are up about 21% and 37%, respectively.There is no good rule of thumb for ranking how stories about Musk can impact Tesla stock, or how the drug-use story unfolds. Musk has been embroiled in other controversies, including his Nov. 15 response to a tweet with anti-Semitic content. Tesla stock dropped about 1% over the 10 days after the tweet. The Nasdaq was up about 1% over the same span. Musk strongly denied holding anti-Semitic beliefs in an interview on Nov. 29.Based on past experiences, investors should brace for some stock volatility. Tesla stock could underperform major indexes by a few percentage points over the coming days.“It’s not the headlines investors want to see but ultimately Tesla investors are immune at this point to the negative Musk headlines,” says Wedbush analyst Dan Ives.At least until they aren’t.Note: Elon Musk hit back at the Wall Street Journal on Sunday.In a post on X, formerly known as Twitter, Musk sneered that the Journal was “not fit to line a parrot cage for bird [poo emoji],” and asserted, “after that one puff with [Joe] Rogan, I agreed, at NASA’s request, to do 3 years of random drug testing. Not even trace quantities were found of any drugs or alcohol.”Musk’s post referenced an incident in 2018 in which he smoked marijuana on Rogan’s podcast, which led the Pentagon to review his federal security clearance, which was tied to his company SpaceX’s work with the U.S. AirForce.","news_type":1},"isVote":1,"tweetType":1,"viewCount":8,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254686086557752,"gmtCreate":1703215983807,"gmtModify":1703215988649,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"I would like to request your top analyst to apply her top technical analysis skills on Berkshire and share her analysis.","listText":"I would like to request your top analyst to apply her top technical analysis skills on Berkshire and share her analysis.","text":"I would like to request your top analyst to apply her top technical analysis skills on Berkshire and share her analysis.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/254686086557752","repostId":"2393645104","repostType":2,"repost":{"id":"2393645104","pubTimestamp":1703215800,"share":"https://www.laohu8.com/m/news/2393645104?lang=&edition=full","pubTime":"2023-12-22 11:30","market":"us","language":"en","title":"Tesla: Moments Of Clarity Followed By Bewilderment","url":"https://stock-news.laohu8.com/highlight/detail?id=2393645104","media":"Seeking Alpha","summary":"This is precisely why Elliott Wave Theory, when correctly applied, can help bring some structure to an illogical, emotional environment. There are some important and, for lack of a better word, fundamental guidelines that we must employ to understand the structure of price. Would You Like To Understand The \"Why\"?Avi Gilburt has written extensively about these guidelines. Are you tired of being whipsawed by movements that are seemingly without reason?Please take just a few moments to understand the \"why.\" The what, how, where and when are interesting. But, not nearly so cardinal in importance as the \"why.\" Start here with Part 1 of the 6-part series entitled, \"This Analysis Will Change The Way You Invest Forever.\" How We Apply Our Methodology To TSLA  We continue with an overall \"hold\" rating on Tesla, Inc. This is for the simple fact that there is not a specific setup via t","content":"<html><head></head><body><ul style=\"\"><li><p>Tesla is primarily driven by sentiment and human behavioral patterns.</p></li><li><p>Elliott Wave Theory can help bring structure to an emotional market environment.</p></li><li><p>Tesla and Rivian Automotive are currently in a state of uncertainty in the near term, but we are not left without a plan of action.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2ff689de220a4fd71ecacc739891fc12\" alt=\"ArtyFree/iStock via Getty Images\" title=\"ArtyFree/iStock via Getty Images\" tg-width=\"750\" tg-height=\"500\"/><span>ArtyFree/iStock via Getty Images</span></p><p><em>By Levi at StockWaves; Produced with Avi Gilburt.</em></p><p>Don&#39;t be fooled by the title of this piece. Many of our members arrive at our site having experienced the apparent baffling nature of the markets. However, what&#39;s more interesting is that once they discover the true mover of price on stock charts, it&#39;s almost as if someone has burned the fog away, and they can see much farther ahead than they ever could before.</p><p>We&#39;re going to discuss the mover of markets a bit more in this article. The main reason being this - <strong>Tesla, Inc.</strong> (NASDAQ:TSLA) and the bonus ticker here <a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive, Inc.</a> (RIVN) - are principally driven, not by their respective company fundamentals, but rather by sentiment. This fact is recognized by one of the preeminent fundamental analysts that we have found, our own Lyn Alden.</p><h2 id=\"id_4266165524\">If Fundamentals Can&#39;t Measure The Stock Price, What Can?</h2><p>Lyn is one of the lead analysts on our team. She provides us with deep dive insights into the fundamentals of the macroeconomic scene, as well as specific companies that make up the market. When she speaks, we listen carefully. Lyn has commented on several occasions that TSLA trades predominantly &#34;on sentiment and technicals.&#34;</p><p>Now, if you were to speak with TSLA bulls or bears, you would likely get quite the narrative. As human beings, we love narratives. Tell me a story, captivate my mind, or at least entertain me while time passes by. However, narratives are meant to stir emotions. That is one of their main purposes. Emotions are sentiment and vice versa.</p><p>Sentiment is simply human behavior, which is not logical or reasoned, in motion via the price of the stock or the index being analyzed. If TSLA trades mainly on sentiment, then how would it be possible to track in any reliable fashion something that irrational?</p><p>This is precisely why Elliott Wave Theory, when correctly applied, can help bring some structure to an illogical, emotional environment. There are some important and, for lack of a better word, fundamental guidelines that we must employ to understand the structure of price.</p><h3 id=\"id_3194854475\">Would You Like To Understand The &#34;Why&#34;?</h3><p>Avi Gilburt has written extensively about these guidelines. Are you tired of being whipsawed by movements that are seemingly without reason? Please take just a few moments to understand the &#34;why.&#34; The what, how, where and when are interesting. But, not nearly so cardinal in importance as the &#34;why.&#34; Start here with Part 1 of the 6-part series entitled, <em>&#34;This Analysis Will Change The Way You Invest Forever.&#34;</em></p><h3 id=\"id_3218338815\">How We Apply Our Methodology To TSLA (and RIVN)</h3><p>We continue with an overall &#34;hold&#34; rating on Tesla, Inc. This is for the simple fact that there is not a specific setup via the structure of price that will project with high probability what is likely to happen next. So, what are we even doing here? Don&#39;t despair. There have been <em>several</em> opportunities along the way where we have had moments of clarity and could take swift advantage of the light whilst it shone.</p><p>But just as every day comes to a conclusion, darkness falls for a bit, and we wait for the dawn once again. That&#39;s when we literally sit on our hands to observe the pause in the action. Sometimes, doing nothing is the best play.</p><p>It was at the end of October that we were able to identify a specific buy setup with defined risk vs reward. In fact, Avi Gilburt commented specifically on this setup, even posting his buy and a sell of TSLA shares. Note the date/time stamps that show the buy at 192 and the sell at the 250 area.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bce2387adf32f298c6aa8f98cf061bb1\" alt=\"Post by Avi Gilburt - Elliott Wave Trader - StockWaves\" title=\"Post by Avi Gilburt - Elliott Wave Trader - StockWaves\" tg-width=\"640\" tg-height=\"389\"/><span>Post by Avi Gilburt - Elliott Wave Trader - StockWaves</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/29dda6403054da172ebad221a4ee5657\" alt=\"Post by Avi Gilburt - Elliott Wave Trader - StockWaves\" title=\"Post by Avi Gilburt - Elliott Wave Trader - StockWaves\" tg-width=\"640\" tg-height=\"73\"/><span>Post by Avi Gilburt - Elliott Wave Trader - StockWaves</span></p><p>That is not guesswork, nor is it a simple shot in the dark. This is Elliott Wave Theory hard at work, guiding the way. Well, what about now? Is there light to be had?</p><p>Most recently we identified the 228 area as a high probability turning point with key support at 225-226. From there, price would have the 260 area as important resistance. The chart did indeed fill in as anticipated and resistance has held so far. What&#39;s next?</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9bfe4f1764bb9c52e2d72dd06103f5b\" alt=\"By Garrett Patten - StockWaves\" title=\"By Garrett Patten - StockWaves\" tg-width=\"640\" tg-height=\"312\"/><span>By Garrett Patten - StockWaves</span></p><p>As you can see on Garrett&#39;s chart, there are a few paths that he is currently tracking. Should price take out 260 in the near term, then 270 is up next as the target. Support is 240. If price takes out 226 then a deeper correction is in the offing.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6e7a6ef7e85e67fefaad405f737c0aee\" alt=\"By Zac Mannes - StockWaves\" title=\"By Zac Mannes - StockWaves\" tg-width=\"640\" tg-height=\"317\"/><span>By Zac Mannes - StockWaves</span></p><p>Zac Mannes shows a similar path but also proffers the possibility of a bigger &#34;B&#34; wave bounce that could take price to as high as 280-290 next.</p><p>You know what? Right now is a great moment to <em>do nothing</em> until clarity once again manifests itself. Ergo, the &#34;hold.&#34;</p><p>RIVN is in a similar position:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/529fed59ce7c8fbfec1ffcf675128675\" alt=\"By Garrett Patten - StockWaves\" title=\"By Garrett Patten - StockWaves\" tg-width=\"640\" tg-height=\"312\"/><span>By Garrett Patten - StockWaves</span></p><p>Note Garrett shows this is likely a diagonal. Price may fill out higher levels but must hold the 18 level and take out resistance at 25 next.</p><h3 id=\"id_1848443614\">When &#34;Hold&#34; Is Not Enough</h3><p>The &#34;Buy,&#34; &#34;Hold,&#34; &#34;Sell&#34; characterization is necessary. We understand this. However, it does not allow for the nuances of sentiment. Markets are non-linear, fluid and dynamic in nature. This means that, much like humans, they can at times appear unpredictable. &#34;Hold&#34; does not mean we are actually doing &#34;nothing.&#34; It does tell the reader, though, that this stock really can go either way at the moment.</p><p>We have been taking advantage of short-term opportunities with success and defined risk. But the bigger picture being painted now is fraught with fogginess. This comes as no surprise to our followers and members.</p><p>Zac Mannes has explained the &#34;why&#34;:</p><blockquote><p>&#34;I have it in a Primary Wave 5 of Cycle III up off the January 2023 low. Since wave [1] was only an ABC up, that P.5 is an ending diagonal.&#34;</p></blockquote><p>OK, Zac - please break that down into something I can easily chew on. Remember that markets are fractal in nature and that these patterns repeat at all degrees. Zac is simply discussing the degrees and context of where we currently find ourselves. To boil it down, this last leg of a much larger rally structure is likely a diagonal. The price action will be choppy and less straightforward than a standard impulse rally.</p><h3 id=\"id_474296219\">Context Is Key</h3><p>Just knowing that we are likely inside of a larger diagonal for this portion of the entire rally structure tells us to <em>expect</em> chop and uncertainty to a degree. This was not the case in the prior rally phase, which was a standard and straightforward structure.</p><p>Remember, too, that TSLA, and RIVN for that matter, is a highly emotional issue. Sentiment will push and pull them in apparently irrational fashion. <em>Accept this</em> and simply recognize that there will be moments of uncertainty.</p><p>For those that are long-time holders of TSLA and are absolutely convinced that they will conquer the world, then this information can be highly useful to hedge at key points or even get more aggressive when opportunities come to bear.</p><h3 id=\"id_3097622420\">An Extra Bonus From The Fibonacci Queen - Carolyn Boroden</h3><p>Carolyn is a world-renowned technical analyst and author of <em>&#34;Fibonacci Trading - How To Master The Time And Price Advantage,&#34;</em> published by McGraw-Hill in early 2008. She has been involved in the trading industry since 1978, starting on the floor of the Chicago Mercantile Exchange. She is often featured on the &#34;Off The Charts&#34; segment of CNBC&#39;s Mad Money with Jim Cramer.</p><p>She shared this chart and commentary in our trading room a few days ago:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1671929cb2fcc748b60e462c1c93169e\" alt=\"Post by Carolyn Boroden - Elliott Wave Trader\" title=\"Post by Carolyn Boroden - Elliott Wave Trader\" tg-width=\"640\" tg-height=\"502\"/><span>Post by Carolyn Boroden - Elliott Wave Trader</span></p><p>Note that her work will often overlap and complement our own methodology that uses Elliott Wave Theory. As you can surmise from her post, TSLA is indeed at a key juncture in the near term. Where will it go next? Price is the ultimate arbiter of that question. We have our specific levels to determine likelihood.</p><h2 id=\"id_2065167807\">Conclusion</h2><p>Yes, there are nuances to the analysis. Once familiar with our methodology, our members discover a powerful ally on their side to provide guidance and risk management in their trading/investing.</p><p>There are many ways to analyze and track stocks and the market they form. Some are more consistent than others. For us, this method has proved the most reliable and keeps us on the right side of the trade much more often than not. Nothing is perfect in this world, but for those looking to open their eyes to a new universe of trading and investing, why not consider studying this further? It may just be one of the most illuminating projects you undertake.</p></body></html>","source":"seekingalpha","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: Moments Of Clarity Followed By Bewilderment</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; 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}\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: Moments Of Clarity Followed By Bewilderment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-22 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4659016-tesla-moments-of-clarity-followed-by-bewilderment><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla is primarily driven by sentiment and human behavioral patterns.Elliott Wave Theory can help bring structure to an emotional market environment.Tesla and Rivian Automotive are currently in a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4659016-tesla-moments-of-clarity-followed-by-bewilderment\">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","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","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","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","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4555":"新能源车","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","BK4527":"明星科技股","LU0823414478.USD":"法巴经典能源转换基金","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4550":"红杉资本持仓","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4574":"无人驾驶","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4551":"寇图资本持仓","LU1548497426.USD":"安联环球人工智能AT Acc","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","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4581":"高盛持仓","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC"},"source_url":"https://seekingalpha.com/article/4659016-tesla-moments-of-clarity-followed-by-bewilderment","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2393645104","content_text":"Tesla is primarily driven by sentiment and human behavioral patterns.Elliott Wave Theory can help bring structure to an emotional market environment.Tesla and Rivian Automotive are currently in a state of uncertainty in the near term, but we are not left without a plan of action.ArtyFree/iStock via Getty ImagesBy Levi at StockWaves; Produced with Avi Gilburt.Don't be fooled by the title of this piece. Many of our members arrive at our site having experienced the apparent baffling nature of the markets. However, what's more interesting is that once they discover the true mover of price on stock charts, it's almost as if someone has burned the fog away, and they can see much farther ahead than they ever could before.We're going to discuss the mover of markets a bit more in this article. The main reason being this - Tesla, Inc. (NASDAQ:TSLA) and the bonus ticker here Rivian Automotive, Inc. (RIVN) - are principally driven, not by their respective company fundamentals, but rather by sentiment. This fact is recognized by one of the preeminent fundamental analysts that we have found, our own Lyn Alden.If Fundamentals Can't Measure The Stock Price, What Can?Lyn is one of the lead analysts on our team. She provides us with deep dive insights into the fundamentals of the macroeconomic scene, as well as specific companies that make up the market. When she speaks, we listen carefully. Lyn has commented on several occasions that TSLA trades predominantly \"on sentiment and technicals.\"Now, if you were to speak with TSLA bulls or bears, you would likely get quite the narrative. As human beings, we love narratives. Tell me a story, captivate my mind, or at least entertain me while time passes by. However, narratives are meant to stir emotions. That is one of their main purposes. Emotions are sentiment and vice versa.Sentiment is simply human behavior, which is not logical or reasoned, in motion via the price of the stock or the index being analyzed. If TSLA trades mainly on sentiment, then how would it be possible to track in any reliable fashion something that irrational?This is precisely why Elliott Wave Theory, when correctly applied, can help bring some structure to an illogical, emotional environment. There are some important and, for lack of a better word, fundamental guidelines that we must employ to understand the structure of price.Would You Like To Understand The \"Why\"?Avi Gilburt has written extensively about these guidelines. Are you tired of being whipsawed by movements that are seemingly without reason? Please take just a few moments to understand the \"why.\" The what, how, where and when are interesting. But, not nearly so cardinal in importance as the \"why.\" Start here with Part 1 of the 6-part series entitled, \"This Analysis Will Change The Way You Invest Forever.\"How We Apply Our Methodology To TSLA (and RIVN)We continue with an overall \"hold\" rating on Tesla, Inc. This is for the simple fact that there is not a specific setup via the structure of price that will project with high probability what is likely to happen next. So, what are we even doing here? Don't despair. There have been several opportunities along the way where we have had moments of clarity and could take swift advantage of the light whilst it shone.But just as every day comes to a conclusion, darkness falls for a bit, and we wait for the dawn once again. That's when we literally sit on our hands to observe the pause in the action. Sometimes, doing nothing is the best play.It was at the end of October that we were able to identify a specific buy setup with defined risk vs reward. In fact, Avi Gilburt commented specifically on this setup, even posting his buy and a sell of TSLA shares. Note the date/time stamps that show the buy at 192 and the sell at the 250 area.Post by Avi Gilburt - Elliott Wave Trader - StockWavesPost by Avi Gilburt - Elliott Wave Trader - StockWavesThat is not guesswork, nor is it a simple shot in the dark. This is Elliott Wave Theory hard at work, guiding the way. Well, what about now? Is there light to be had?Most recently we identified the 228 area as a high probability turning point with key support at 225-226. From there, price would have the 260 area as important resistance. The chart did indeed fill in as anticipated and resistance has held so far. What's next?By Garrett Patten - StockWavesAs you can see on Garrett's chart, there are a few paths that he is currently tracking. Should price take out 260 in the near term, then 270 is up next as the target. Support is 240. If price takes out 226 then a deeper correction is in the offing.By Zac Mannes - StockWavesZac Mannes shows a similar path but also proffers the possibility of a bigger \"B\" wave bounce that could take price to as high as 280-290 next.You know what? Right now is a great moment to do nothing until clarity once again manifests itself. Ergo, the \"hold.\"RIVN is in a similar position:By Garrett Patten - StockWavesNote Garrett shows this is likely a diagonal. Price may fill out higher levels but must hold the 18 level and take out resistance at 25 next.When \"Hold\" Is Not EnoughThe \"Buy,\" \"Hold,\" \"Sell\" characterization is necessary. We understand this. However, it does not allow for the nuances of sentiment. Markets are non-linear, fluid and dynamic in nature. This means that, much like humans, they can at times appear unpredictable. \"Hold\" does not mean we are actually doing \"nothing.\" It does tell the reader, though, that this stock really can go either way at the moment.We have been taking advantage of short-term opportunities with success and defined risk. But the bigger picture being painted now is fraught with fogginess. This comes as no surprise to our followers and members.Zac Mannes has explained the \"why\":\"I have it in a Primary Wave 5 of Cycle III up off the January 2023 low. Since wave [1] was only an ABC up, that P.5 is an ending diagonal.\"OK, Zac - please break that down into something I can easily chew on. Remember that markets are fractal in nature and that these patterns repeat at all degrees. Zac is simply discussing the degrees and context of where we currently find ourselves. To boil it down, this last leg of a much larger rally structure is likely a diagonal. The price action will be choppy and less straightforward than a standard impulse rally.Context Is KeyJust knowing that we are likely inside of a larger diagonal for this portion of the entire rally structure tells us to expect chop and uncertainty to a degree. This was not the case in the prior rally phase, which was a standard and straightforward structure.Remember, too, that TSLA, and RIVN for that matter, is a highly emotional issue. Sentiment will push and pull them in apparently irrational fashion. Accept this and simply recognize that there will be moments of uncertainty.For those that are long-time holders of TSLA and are absolutely convinced that they will conquer the world, then this information can be highly useful to hedge at key points or even get more aggressive when opportunities come to bear.An Extra Bonus From The Fibonacci Queen - Carolyn BorodenCarolyn is a world-renowned technical analyst and author of \"Fibonacci Trading - How To Master The Time And Price Advantage,\" published by McGraw-Hill in early 2008. She has been involved in the trading industry since 1978, starting on the floor of the Chicago Mercantile Exchange. She is often featured on the \"Off The Charts\" segment of CNBC's Mad Money with Jim Cramer.She shared this chart and commentary in our trading room a few days ago:Post by Carolyn Boroden - Elliott Wave TraderNote that her work will often overlap and complement our own methodology that uses Elliott Wave Theory. As you can surmise from her post, TSLA is indeed at a key juncture in the near term. Where will it go next? Price is the ultimate arbiter of that question. We have our specific levels to determine likelihood.ConclusionYes, there are nuances to the analysis. Once familiar with our methodology, our members discover a powerful ally on their side to provide guidance and risk management in their trading/investing.There are many ways to analyze and track stocks and the market they form. Some are more consistent than others. For us, this method has proved the most reliable and keeps us on the right side of the trade much more often than not. Nothing is perfect in this world, but for those looking to open their eyes to a new universe of trading and investing, why not consider studying this further? It may just be one of the most illuminating projects you undertake.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}