Just starting to thwart.. woul

2
Comment
Favorite

Just starting to thwart.. would be at 100 😃

Tesla’s Value Dips Below $500 Billion in Blow to Stock Bulls

Stock is down 37% this year, among biggest losers in S&P 500Weak sales, job cuts, executive exits all weigh on sentimentTesla Inc. shares extended their decline for 2024, pushing the electric-vehicle

Tesla’s Value Dips Below $500 Billion in Blow to Stock Bulls

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":296115260305488,"tweetId":"296115260305488","gmtCreate":1713323795646,"gmtModify":1713323799232,"author":{"id":4088135301967120,"authorId":4088135301967120,"authorIdStr":"4088135301967120","name":"King19","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Just starting to thwart.. would be at 100 😃</p></body></html>","htmlText":"<html><head></head><body><p>Just starting to thwart.. would be at 100 😃</p></body></html>","text":"Just starting to thwart.. would be at 100 😃","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/296115260305488","repostId":1117620423,"repostType":2,"repost":{"id":"1117620423","pubTimestamp":1713322629,"share":"https://www.laohu8.com/m/news/1117620423?lang=&edition=full","pubTime":"2024-04-17 10:57","market":"us","language":"en","title":"Tesla’s Value Dips Below $500 Billion in Blow to Stock Bulls","url":"https://stock-news.laohu8.com/highlight/detail?id=1117620423","media":"Bloomberg","summary":"Stock is down 37% this year, among biggest losers in S&P 500Weak sales, job cuts, executive exits all weigh on sentimentTesla Inc. shares extended their decline for 2024, pushing the electric-vehicle ","content":"<html><head></head><body><ul style=\"\"><li><p>Stock is down 37% this year, among biggest losers in S&amp;P 500</p></li></ul><ul style=\"\"><li><p>Weak sales, job cuts, executive exits all weigh on sentiment</p></li></ul><p>Tesla Inc. shares extended their decline for 2024, pushing the electric-vehicle maker’s market valuation briefly below $500 billion, as a round of job cuts this week underscored how much the company’s growth has slowed.</p><p>The stock closed down 2.7% at $157.11 on Tuesday in New York, after touching a low of $153.75 at one point in the session, and has fallen 37% this year. Tesla shares are the second-biggest decliner on the S&amp;P 500 Index in 2024, erasing about $290 billion in shareholder wealth. The company hasn’t closed with a market value under $500 billion since late April of last year, and stayed narrowly above the mark as of Tuesday’s close.</p><p>“The retrenchment in employment and capacity has far-reaching implications for the hypergrowth narrative still embedded in Tesla’s share price, suggesting material downside risk for the stock,” said Ryan Brinkman, an analyst at JPMorgan Chase &amp; Co.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3f5673fa2092f4a80132be1b477b9bda\" alt=\"\" title=\"\" tg-width=\"1200\" tg-height=\"675\"/></p><p>The layoffs announced Monday, “amounting to a reduction in crewed production capacity, should now leave no doubt that the decline in deliveries has been a function of lower demand and not supply,” Brinkman said.</p><p>The company’s troubles started in October when it warned that demand for EVs was starting to slow, but the full extent of that weakness only became apparent this month when Tesla reported first-quarter sales significantly below analysts’ expectations. Those numbers rekindled investor concerns about Tesla’s growth trajectory, which were exacerbated by news that the company intends to scrap plans to make a cheaper EV and focus on building a so-called robotaxi instead.</p><p>That pivot — Musk said the company will unveil its robotaxi in August — comes as Tesla’s profit outlook is darkening quickly, as it has repeatedly resorted to lowering the price of its vehicles to attract buyers.</p><h3 id=\"id_2727637470\">Fresh Blow</h3><p>The announcement of large-scale job cuts was just the latest blow, but it drove home the demand risks, analysts said. On top of that, two key executives left the company, further depressing sentiment.</p><p>The fading interest from consumers, which is plaguing EV-makers globally, is a more dire scenario for Tesla shares than for other carmakers. That’s because the Elon Musk-led company commands a hefty valuation premium, partly based on its potential to dominate the EV industry of the future. However, Musk himself has said the company will be “worth basically zero” unless it can solve the problem of self-driving cars.</p><p>But analysts and investors say that while building a fully self-driving vehicle is crucial for Tesla’s prospects, making an affordable EV is important to drive growth in the meantime. That’s especially since most experts agree that it may take decades for self-driving cars to see mass adoption.</p><p>“The near-term bull case for Tesla is that investors are awaiting the launch of a lower-cost platform that will dramatically reinvigorate growth,” said David Wagner, a portfolio manager at Aptus Capital Advisors. “But the market is realizing that this may be unlikely, as the $25,000 car already exists today - China’s BYD makes it.”</p><p>Chinese EV-maker BYD Co. overtook Tesla as the world’s biggest seller of electric cars in the last three months of 2023. Though the company doesn’t sell its vehicles in the US, it has several affordably priced EVs in its lineup.</p><p>Tesla reports first-quarter results on April 23, and the stakes are rising fast for the company. Investors will be looking for an explanation as to why it’s making a strategic shift at a time when growth is in doubt.</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 Value Dips Below $500 Billion in Blow to Stock Bulls</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 Value Dips Below $500 Billion in Blow to Stock Bulls\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-17 10:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-16/tesla-s-value-declines-below-500-billion-as-risks-pile-up><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock is down 37% this year, among biggest losers in S&P 500Weak sales, job cuts, executive exits all weigh on sentimentTesla Inc. shares extended their decline for 2024, pushing the electric-vehicle ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-16/tesla-s-value-declines-below-500-billion-as-risks-pile-up\">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/2024-04-16/tesla-s-value-declines-below-500-billion-as-risks-pile-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117620423","content_text":"Stock is down 37% this year, among biggest losers in S&P 500Weak sales, job cuts, executive exits all weigh on sentimentTesla Inc. shares extended their decline for 2024, pushing the electric-vehicle maker’s market valuation briefly below $500 billion, as a round of job cuts this week underscored how much the company’s growth has slowed.The stock closed down 2.7% at $157.11 on Tuesday in New York, after touching a low of $153.75 at one point in the session, and has fallen 37% this year. Tesla shares are the second-biggest decliner on the S&P 500 Index in 2024, erasing about $290 billion in shareholder wealth. The company hasn’t closed with a market value under $500 billion since late April of last year, and stayed narrowly above the mark as of Tuesday’s close.“The retrenchment in employment and capacity has far-reaching implications for the hypergrowth narrative still embedded in Tesla’s share price, suggesting material downside risk for the stock,” said Ryan Brinkman, an analyst at JPMorgan Chase & Co.The layoffs announced Monday, “amounting to a reduction in crewed production capacity, should now leave no doubt that the decline in deliveries has been a function of lower demand and not supply,” Brinkman said.The company’s troubles started in October when it warned that demand for EVs was starting to slow, but the full extent of that weakness only became apparent this month when Tesla reported first-quarter sales significantly below analysts’ expectations. Those numbers rekindled investor concerns about Tesla’s growth trajectory, which were exacerbated by news that the company intends to scrap plans to make a cheaper EV and focus on building a so-called robotaxi instead.That pivot — Musk said the company will unveil its robotaxi in August — comes as Tesla’s profit outlook is darkening quickly, as it has repeatedly resorted to lowering the price of its vehicles to attract buyers.Fresh BlowThe announcement of large-scale job cuts was just the latest blow, but it drove home the demand risks, analysts said. On top of that, two key executives left the company, further depressing sentiment.The fading interest from consumers, which is plaguing EV-makers globally, is a more dire scenario for Tesla shares than for other carmakers. That’s because the Elon Musk-led company commands a hefty valuation premium, partly based on its potential to dominate the EV industry of the future. However, Musk himself has said the company will be “worth basically zero” unless it can solve the problem of self-driving cars.But analysts and investors say that while building a fully self-driving vehicle is crucial for Tesla’s prospects, making an affordable EV is important to drive growth in the meantime. That’s especially since most experts agree that it may take decades for self-driving cars to see mass adoption.“The near-term bull case for Tesla is that investors are awaiting the launch of a lower-cost platform that will dramatically reinvigorate growth,” said David Wagner, a portfolio manager at Aptus Capital Advisors. “But the market is realizing that this may be unlikely, as the $25,000 car already exists today - China’s BYD makes it.”Chinese EV-maker BYD Co. overtook Tesla as the world’s biggest seller of electric cars in the last three months of 2023. Though the company doesn’t sell its vehicles in the US, it has several affordably priced EVs in its lineup.Tesla reports first-quarter results on April 23, and the stakes are rising fast for the company. Investors will be looking for an explanation as to why it’s making a strategic shift at a time when growth is in doubt.","news_type":1},"isVote":1,"tweetType":1,"viewCount":41,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":36,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}