Great big hope

Faces 3 key pressures, Tesla tends to fill the gap & extend the adjustment

@Twelve_E
$Tesla Motors(TSLA)$ really had a bad start to the year in January. 8 out of top 10 giants continued to rise, while Tesla fell the most: From the perspective of technical trends, Tesla may have to make up for the gap left in early November, the entire adjustment cycle may also be lengthened. Disclaimer: Personal Opinions, Not Trading Advice – Investing Involves Risk Judging from the news, there are three main pressures: 1.Pressure from slowing demand: $Hertz Global Holdings, Inc.(HTZ)$ , a major Tesla customer, is selling about 20,000 electric vehicles, including Tesla vehicles, in another sign of cooling demand for electric vehicles. Hertz said Thursday it will switch to gas-powered vehicles, citing higher crash and damage-related costs with electric vehicles. Hertz also expects depreciation charges from electric vehicle sales to be approximately $245 million in the fourth quarter of 2023. As of Thursday's close, $Hertz Global Holdings, Inc.(HTZ)$ fell more than 4% and $Tesla Motors(TSLA)$ fell nearly 3%. 2.Cost pressure: Affected by the UAW union movement in the United States, Tesla also wants to raise wages for all workers in the United States. Tesla has about 140,000 employees worldwide, about half of whom are in the United States. Tesla has more than 20,000 workers in its California factory alone. 3.Production pressure: Due to parts shortages caused by the Red Sea crisis, it will suspend most car production at its factory near Berlin from January 29 to February 11. Fortunately, Morgan Stanley predicts Tesla’s production and delivery in 2024 will reach 2.25 million vehicles, with an expected growth rate of 25%. Global sales in 2023 will be 1.81 million vehicles, and Tesla’s global delivery volume in 2022 will be only 1.31 million vehicles. It can be said that $Tesla Motors(TSLA)$ has encountered triple negative impacts on orders, costs, and supply chains. However, on January 11, Tesla announced another price cut. Why does Tesla have the power to cut prices? On the one hand, Tesla is still the sales champion of electric vehicles in China; On the other hand, the previous production supply may sufficient; The third, due to its own supply chain bargaining advantages. That’s why $Tesla Motors(TSLA)$ has the confidence and strength to significantly reduce prices. I still remember that Tesla announced a price drop in February 2023, which caused great panic among Chinese EV cars. But in 2024, the scene seems to be different. Many Chinese cars have begun to sell higher-priced new energy vehicles. Read the article from NASDAQ.com : Tesla Stock 2024 Forecast: Will the Elon Musk-Run Company Break Out to New Highs? On 23 December 2023 In 2024, which tram brand is your favorite? and tell me at what price would you like to add $Tesla Motors(TSLA)$,
Faces 3 key pressures, Tesla tends to fill the gap & extend the adjustment

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