Tesla Does Not Look Like a Magnificent 7 Stock Anymore -- Wells Fargo

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Tesla Does Not Look Like a Magnificent 7 Stock Anymore -- Wells Fargo

seekingalpha07-02

Wells Fargo added Tesla Motors to its Q3 Tactical Ideas List as a stock that may see a near-term decline.The firm kept an Underweight rating on Tesla (TSLA) as it pointed to the expectation for ...

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Dr Rck
·07-02
Simply law of diminishing return sets in, and only new product developments can save it, but potentially it is always the forward looking price valuation that drives TSLA and not the other way around this time, unless Optimus or Robotaxi suddenly have huge orders coming in this few weeks, there won't much drastic movements exceeding $250 per share until later of the year, right?
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- RitaClara:
  Great insight
  07-04
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- OgdenHerbert:
  Agree
  07-04
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Guavaxf30
·07-02
Bears watching to see how accurate this Wells Fargo prediction is. If anything, the analysts is very brave. Going against the Tesla army of bull-heads.
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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 Does Not Look Like a Magnificent 7 Stock Anymore -- Wells Fargo\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-02 13:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4121302-tesla-does-not-look-like-a-magnificent-7-stock-anymore-to-wells-fargo?source=first_level_url%3Ahome%7Csection%3Atrending_news%7Cline%3A5><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wells Fargo added  Tesla Motors  to its Q3 Tactical Ideas List as a stock that may see a near-term decline.The firm kept an Underweight rating on Tesla (TSLA) as it pointed to the expectation for ...</p>\n\n<a href=\"https://seekingalpha.com/news/4121302-tesla-does-not-look-like-a-magnificent-7-stock-anymore-to-wells-fargo?source=first_level_url%3Ahome%7Csection%3Atrending_news%7Cline%3A5\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://seekingalpha.com/news/4121302-tesla-does-not-look-like-a-magnificent-7-stock-anymore-to-wells-fargo?source=first_level_url%3Ahome%7Csection%3Atrending_news%7Cline%3A5","article_id":"1132461193","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132461193","pubTimestamp":1719899717,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Wells Fargo added  $Tesla Motors(TSLA)$  to its Q3 Tactical Ideas List as a stock that may see a near-term decline.The firm kept an Underweight rating on Tesla (TSLA) as it pointed to the expectation ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"特斯拉看起来不再像是一只宏伟的7只股票——富国银行","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1.1},"content_text":"Wells Fargo added  Tesla Motors  to its Q3 Tactical Ideas List as a stock that may see a near-term decline.The firm kept an Underweight rating on Tesla (TSLA) as it pointed to the expectation for declining delivery growth driven by lower demand and diminished returns on price cuts. 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The Wells analysts team is concerned about Model 2 demand and the margin profile for a smaller, mass-market vehicle.</p><p style=\"text-align: left;\">Wells Fargo noted that Tesla (TSLA) now screens poorly relative to other Magnificent 7 stocks, with it trading at ~82X PE vs. Mag 7 peers at ~35X, even as TSLA now has a lower outlook for consensus 3-year EPS growth in comparison to the group. As for the robotaxi dreams, Wells Fargo noted experts say the tech is years away and question if FSD is possible with a vision-only approach.</p><p style=\"text-align: left;\">Shares of Tesla (TSLA) rallied 6% on Monday after Chinese electric vehicle companies issued strong deliveries reports for June. The Austin-based company will disclose its Q2 deliveries tally on Tuesday.</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 Does Not Look Like a Magnificent 7 Stock Anymore -- Wells Fargo</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 Does Not Look Like a Magnificent 7 Stock Anymore -- Wells Fargo\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-02 13:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4121302-tesla-does-not-look-like-a-magnificent-7-stock-anymore-to-wells-fargo?source=first_level_url%3Ahome%7Csection%3Atrending_news%7Cline%3A5><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wells Fargo added  Tesla Motors  to its Q3 Tactical Ideas List as a stock that may see a near-term decline.The firm kept an Underweight rating on Tesla (TSLA) as it pointed to the expectation for ...</p>\n\n<a href=\"https://seekingalpha.com/news/4121302-tesla-does-not-look-like-a-magnificent-7-stock-anymore-to-wells-fargo?source=first_level_url%3Ahome%7Csection%3Atrending_news%7Cline%3A5\">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/news/4121302-tesla-does-not-look-like-a-magnificent-7-stock-anymore-to-wells-fargo?source=first_level_url%3Ahome%7Csection%3Atrending_news%7Cline%3A5","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1132461193","content_text":"Wells Fargo added  Tesla Motors  to its Q3 Tactical Ideas List as a stock that may see a near-term decline.The firm kept an Underweight rating on Tesla (TSLA) as it pointed to the expectation for declining delivery growth driven by lower demand and diminished returns on price cuts. Analyst Colin Langan and his team estimate automotive gross margin ex-credits will fall further due to the likelihood of more price cuts and lower volumes. Wells Fargo's FY24 delivery estimate of ~1.55 million units for Tesla (TSLA) represents a ~14% year-over-year decline and is about 13% below the consensus expectation.\"We remain concerned with recent moderating trends, across all three key regions (US, EU, China). Few levers remain to increase volumes outside of pricing & model refreshes, as the company has resorted to financing promotions with seemingly little effect. Price actions thus far have indicated diminishing returns on volume.\"Looking ahead, flattening EV adoption in the U.S. and European Union, on top of aggressive competition in China, is seen leaving very few immediate levers for Tesla (TSLA) to pull to increase volume. The Wells analysts team is concerned about Model 2 demand and the margin profile for a smaller, mass-market vehicle.Wells Fargo noted that Tesla (TSLA) now screens poorly relative to other Magnificent 7 stocks, with it trading at ~82X PE vs. Mag 7 peers at ~35X, even as TSLA now has a lower outlook for consensus 3-year EPS growth in comparison to the group. As for the robotaxi dreams, Wells Fargo noted experts say the tech is years away and question if FSD is possible with a vision-only approach.Shares of Tesla (TSLA) rallied 6% on Monday after Chinese electric vehicle companies issued strong deliveries reports for June. The Austin-based company will disclose its Q2 deliveries tally on Tuesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":323918601252888,"gmtCreate":1720087672749,"gmtModify":1720175871133,"authorId":9000000000000410,"author":{"id":9000000000000410,"idStr":"9000000000000410","authorId":9000000000000410,"name":"RitaClara","avatar":"https://static.tigerbbs.com/9412ae10bafb07946890558126185d43","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":323105921622120,"type":1,"supId":0,"prevId":0,"content":"Great insight","text":"Great insight","html":"Great insight"},{"id":323917251457208,"gmtCreate":1720087671683,"gmtModify":1720175848969,"authorId":9000000000000444,"author":{"id":9000000000000444,"idStr":"9000000000000444","authorId":9000000000000444,"name":"OgdenHerbert","avatar":"https://static.tigerbbs.com/075bc3e15bde527a282c42a96ff35a51","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":323105921622120,"type":1,"supId":0,"prevId":0,"content":"Agree","text":"Agree","html":"Agree"}],"langContent":"EN"},{"id":323087951716432,"gmtCreate":1719909370288,"gmtModify":1719909374958,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3576140222331577","idStr":"3576140222331577"},"htmlText":"Bears watching to see how accurate this Wells Fargo prediction is. If anything, the analysts is very brave. Going against the Tesla army of bull-heads.","listText":"Bears watching to see how accurate this Wells Fargo prediction is. If anything, the analysts is very brave. Going against the Tesla army of bull-heads.","text":"Bears watching to see how accurate this Wells Fargo prediction is. If anything, the analysts is very brave. Going against the Tesla army of bull-heads.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323087951716432","repostId":1132461193,"repostType":2,"repost":{"id":"1132461193","pubTimestamp":1719899717,"share":"https://ttm.financial/m/news/1132461193?lang=&edition=fundamental","pubTime":"2024-07-02 13:55","market":"us","language":"en","title":"Tesla Does Not Look Like a Magnificent 7 Stock Anymore -- Wells Fargo","url":"https://stock-news.laohu8.com/highlight/detail?id=1132461193","media":"seekingalpha","summary":"Wells Fargo added  $Tesla Motors(TSLA)$  to its Q3 Tactical Ideas List as a stock that may see a near-term decline.The firm kept an Underweight rating on Tesla (TSLA) as it pointed to the expectation ","content":"<html><head></head><body><p>Wells Fargo added  <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>  to its Q3 Tactical Ideas List as a stock that may see a near-term decline.</p><p style=\"text-align: left;\">The firm kept an Underweight rating on Tesla (TSLA) as it pointed to the expectation for declining delivery growth driven by lower demand and diminished returns on price cuts. Analyst Colin Langan and his team estimate automotive gross margin ex-credits will fall further due to the likelihood of more price cuts and lower volumes. Wells Fargo&#39;s FY24 delivery estimate of ~1.55 million units for Tesla (TSLA) represents a ~14% year-over-year decline and is about 13% below the consensus expectation.</p><p style=\"text-align: left;\">&#34;We remain concerned with recent moderating trends, across all three key regions (US, EU, China). Few levers remain to increase volumes outside of pricing &amp; model refreshes, as the company has resorted to financing promotions with seemingly little effect. Price actions thus far have indicated diminishing returns on volume.&#34;</p><p style=\"text-align: left;\">Looking ahead, flattening EV adoption in the U.S. and European Union, on top of aggressive competition in China, is seen leaving very few immediate levers for Tesla (TSLA) to pull to increase volume. The Wells analysts team is concerned about Model 2 demand and the margin profile for a smaller, mass-market vehicle.</p><p style=\"text-align: left;\">Wells Fargo noted that Tesla (TSLA) now screens poorly relative to other Magnificent 7 stocks, with it trading at ~82X PE vs. Mag 7 peers at ~35X, even as TSLA now has a lower outlook for consensus 3-year EPS growth in comparison to the group. As for the robotaxi dreams, Wells Fargo noted experts say the tech is years away and question if FSD is possible with a vision-only approach.</p><p style=\"text-align: left;\">Shares of Tesla (TSLA) rallied 6% on Monday after Chinese electric vehicle companies issued strong deliveries reports for June. The Austin-based company will disclose its Q2 deliveries tally on Tuesday.</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 Does Not Look Like a Magnificent 7 Stock Anymore -- Wells Fargo</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 Does Not Look Like a Magnificent 7 Stock Anymore -- Wells Fargo\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-02 13:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4121302-tesla-does-not-look-like-a-magnificent-7-stock-anymore-to-wells-fargo?source=first_level_url%3Ahome%7Csection%3Atrending_news%7Cline%3A5><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wells Fargo added  Tesla Motors  to its Q3 Tactical Ideas List as a stock that may see a near-term decline.The firm kept an Underweight rating on Tesla (TSLA) as it pointed to the expectation for ...</p>\n\n<a href=\"https://seekingalpha.com/news/4121302-tesla-does-not-look-like-a-magnificent-7-stock-anymore-to-wells-fargo?source=first_level_url%3Ahome%7Csection%3Atrending_news%7Cline%3A5\">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/news/4121302-tesla-does-not-look-like-a-magnificent-7-stock-anymore-to-wells-fargo?source=first_level_url%3Ahome%7Csection%3Atrending_news%7Cline%3A5","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1132461193","content_text":"Wells Fargo added  Tesla Motors  to its Q3 Tactical Ideas List as a stock that may see a near-term decline.The firm kept an Underweight rating on Tesla (TSLA) as it pointed to the expectation for declining delivery growth driven by lower demand and diminished returns on price cuts. Analyst Colin Langan and his team estimate automotive gross margin ex-credits will fall further due to the likelihood of more price cuts and lower volumes. Wells Fargo's FY24 delivery estimate of ~1.55 million units for Tesla (TSLA) represents a ~14% year-over-year decline and is about 13% below the consensus expectation.\"We remain concerned with recent moderating trends, across all three key regions (US, EU, China). Few levers remain to increase volumes outside of pricing & model refreshes, as the company has resorted to financing promotions with seemingly little effect. Price actions thus far have indicated diminishing returns on volume.\"Looking ahead, flattening EV adoption in the U.S. and European Union, on top of aggressive competition in China, is seen leaving very few immediate levers for Tesla (TSLA) to pull to increase volume. The Wells analysts team is concerned about Model 2 demand and the margin profile for a smaller, mass-market vehicle.Wells Fargo noted that Tesla (TSLA) now screens poorly relative to other Magnificent 7 stocks, with it trading at ~82X PE vs. Mag 7 peers at ~35X, even as TSLA now has a lower outlook for consensus 3-year EPS growth in comparison to the group. As for the robotaxi dreams, Wells Fargo noted experts say the tech is years away and question if FSD is possible with a vision-only approach.Shares of Tesla (TSLA) rallied 6% on Monday after Chinese electric vehicle companies issued strong deliveries reports for June. The Austin-based company will disclose its Q2 deliveries tally on Tuesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":2,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}