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Tesla Stock Is Falling. Odometers, Low-Price Cars, and Earnings Loom Over Shares

Proving a negative claim can be, well, impossible.Stories late last week cited a lawsuit alleging Tesla speed up its odometers to avoid warranty claims. It's hard to say Tesla didn't do it. It's unlikely, but facts will eventually come out.The question for investors is whether it will become a stock-level event. It almost certainly won't. Nervous investors can follow the issue, but they should worry more about earnings due Tuesday.Tesla stock was down 3.5% in early trading on Monday at $232.88, while the S&P 500 and Dow Jones Industrial Average futures were down 1% and 0.9%, respectively.Earlier in April, Nyree Hinton filed suit against Tesla alleging the company manipulated the odometer to avoid warranty claims, saying the odometer ran too fast, adding mileage. Tesla didn't respond to a request for comment. CEO Elon Musk responded to a tweet over the weekend calling the issue "idiotic."

Tesla Stock Is Falling. Odometers, Low-Price Cars, and Earnings Loom Over Shares

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.

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Odometers, Low-Price Cars, and Earnings Loom Over Shares","url":"https://stock-news.laohu8.com/highlight/detail?id=2529867878","media":"Dow Jones","summary":"Proving a negative claim can be, well, impossible.Stories late last week cited a lawsuit alleging Tesla speed up its odometers to avoid warranty claims. It's hard to say Tesla didn't do it. It's unlikely, but facts will eventually come out.The question for investors is whether it will become a stock-level event. It almost certainly won't. Nervous investors can follow the issue, but they should worry more about earnings due Tuesday.Tesla stock was down 3.5% in early trading on Monday at $232.88, while the S&P 500 and Dow Jones Industrial Average futures were down 1% and 0.9%, respectively.Earlier in April, Nyree Hinton filed suit against Tesla alleging the company manipulated the odometer to avoid warranty claims, saying the odometer ran too fast, adding mileage. Tesla didn't respond to a request for comment. CEO Elon Musk responded to a tweet over the weekend calling the issue \"idiotic.\"","content":"<html><head></head><body><p>Tesla stock lost ground on Monday as investors responded to a pair of potentially negative developments.</p><p style=\"text-align: start;\">The electric-vehicle maker is delaying a lower-cost version of its Model Y, Reuters reported on Friday. Also, Tesla is being sued for allegedly speeding up its odometers to avoid warranty claims. It has denied the lawsuit’s core assertions.</p><p>The question for investors is whether either will affect the stock. Odometers almost certainly won’t, but the delay of the lower-price model very well could.</p><p>Investors can follow both issues when Tesla reports first-quarter earnings on Tuesday evening.</p><p>On the first day after the long Easter holiday weekend, the stock fell 5.8% to $227.42, while the S&amp;P 500 and Dow Jones Industrial Average dropped 2.4% and 2.5%, respectively.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/940398e8351c7ba2df0d5ca4c4b3aafe\" title=\"\" tg-width=\"826\" tg-height=\"834\"/></p><p>Coming into the week, shares were down about 38% since Tesla reported its fourth-quarter earnings on January 29.</p><p>For the first quarter, Wall Street is expecting earnings per share of approximately 39 cents, according to FactSet, down from 45 cents in the first quarter of 2024. Estimates have been decreasing since the company reported first-quarter deliveries of approximately 337,000 vehicles, down from 387,000 a year ago and about 40,000 fewer than Wall Street had projected.</p><p>Earnings results and what company management says about the year ahead should drive the stock&#39;s movement this week. Investors can keep an eye on odometers.</p><p>Earlier in April, Nyree Hinton filed suit against Tesla alleging the company manipulated the odometer to avoid warranty claims, saying the odometer ran too fast, adding mileage. Tesla didn&#39;t respond to a request for comment. CEO Elon Musk responded to a tweet over the weekend calling the issue &#34;idiotic.&#34;</p><p>Tampering with an odometer is serious. It&#39;s a crime. The National Highway Traffic Safety Administration estimates it costs car owners $1 billion annually. Typically, the form of the fraud is car owners rolling back mileage to get a better price on resale.</p><p>Given Musk&#39;s response, he sounds confident there is no systemic issue with Tesla odometers. Tesla&#39;s warranty expense doesn&#39;t raise a red flag. The company&#39;s warranty provision in 2024 was $2.7 billion, representing approximately 3.5% of its automotive sales of $77 billion. The 2023 provision was $2.3 billion.</p><p>The amounts look normal. General Motors&#39; provision and adjustments to existing warranties totaled approximately $3.9 billion in 2024, accounting for about 2.3% of automotive sales.</p><p>GM, Ford Motor, andStellantis have faced consumer lawsuits about data collection, parts, and safety risks.</p><p style=\"text-align: start;\">Investors who want to know what’s behind big drop should focuse more on low-price models. Investors expect a new model starting below $30,000 to help boost sales this year. Tesla delivered 1.8 million cars in 2024, flat with 2023.</p><p style=\"text-align: start;\">A lower-priced version of the Model Y is being paused, but investors don’t expect a cheap Model Y to be the new model. Investors are looking for a new form factor—possibly something along the design of the company’s Cybercab.</p><p style=\"text-align: start;\">The uncertainty isn’t helping shares. Fortunately, investors don’t have long to wait for clarification.</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 Falling. 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Odometers, Low-Price Cars, and Earnings Loom Over Shares\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\">2025-04-22 06:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla stock lost ground on Monday as investors responded to a pair of potentially negative developments.</p><p style=\"text-align: start;\">The electric-vehicle maker is delaying a lower-cost version of its Model Y, Reuters reported on Friday. Also, Tesla is being sued for allegedly speeding up its odometers to avoid warranty claims. It has denied the lawsuit’s core assertions.</p><p>The question for investors is whether either will affect the stock. Odometers almost certainly won’t, but the delay of the lower-price model very well could.</p><p>Investors can follow both issues when Tesla reports first-quarter earnings on Tuesday evening.</p><p>On the first day after the long Easter holiday weekend, the stock fell 5.8% to $227.42, while the S&amp;P 500 and Dow Jones Industrial Average dropped 2.4% and 2.5%, respectively.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/940398e8351c7ba2df0d5ca4c4b3aafe\" title=\"\" tg-width=\"826\" tg-height=\"834\"/></p><p>Coming into the week, shares were down about 38% since Tesla reported its fourth-quarter earnings on January 29.</p><p>For the first quarter, Wall Street is expecting earnings per share of approximately 39 cents, according to FactSet, down from 45 cents in the first quarter of 2024. Estimates have been decreasing since the company reported first-quarter deliveries of approximately 337,000 vehicles, down from 387,000 a year ago and about 40,000 fewer than Wall Street had projected.</p><p>Earnings results and what company management says about the year ahead should drive the stock&#39;s movement this week. Investors can keep an eye on odometers.</p><p>Earlier in April, Nyree Hinton filed suit against Tesla alleging the company manipulated the odometer to avoid warranty claims, saying the odometer ran too fast, adding mileage. Tesla didn&#39;t respond to a request for comment. CEO Elon Musk responded to a tweet over the weekend calling the issue &#34;idiotic.&#34;</p><p>Tampering with an odometer is serious. It&#39;s a crime. The National Highway Traffic Safety Administration estimates it costs car owners $1 billion annually. Typically, the form of the fraud is car owners rolling back mileage to get a better price on resale.</p><p>Given Musk&#39;s response, he sounds confident there is no systemic issue with Tesla odometers. Tesla&#39;s warranty expense doesn&#39;t raise a red flag. The company&#39;s warranty provision in 2024 was $2.7 billion, representing approximately 3.5% of its automotive sales of $77 billion. The 2023 provision was $2.3 billion.</p><p>The amounts look normal. General Motors&#39; provision and adjustments to existing warranties totaled approximately $3.9 billion in 2024, accounting for about 2.3% of automotive sales.</p><p>GM, Ford Motor, andStellantis have faced consumer lawsuits about data collection, parts, and safety risks.</p><p style=\"text-align: start;\">Investors who want to know what’s behind big drop should focuse more on low-price models. Investors expect a new model starting below $30,000 to help boost sales this year. Tesla delivered 1.8 million cars in 2024, flat with 2023.</p><p style=\"text-align: start;\">A lower-priced version of the Model Y is being paused, but investors don’t expect a cheap Model Y to be the new model. Investors are looking for a new form factor—possibly something along the design of the company’s Cybercab.</p><p style=\"text-align: start;\">The uncertainty isn’t helping shares. Fortunately, investors don’t have long to wait for clarification.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","BK4551":"寇图资本持仓","BK4598":"佩洛西持仓","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","TSYW.SI":"TESLA 3xLongSG261006","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","TSLL":"2倍做多TSLA ETF-Direxion","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4527":"明星科技股","LU0823411888.USD":"法巴消费创新基金 Cap","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","BK4511":"特斯拉概念","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","BK4555":"新能源车","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","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","BK4612":"AI芯片","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4550":"红杉资本持仓","TSLA":"特斯拉","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2529867878","content_text":"Tesla stock lost ground on Monday as investors responded to a pair of potentially negative developments.The electric-vehicle maker is delaying a lower-cost version of its Model Y, Reuters reported on Friday. Also, Tesla is being sued for allegedly speeding up its odometers to avoid warranty claims. It has denied the lawsuit’s core assertions.The question for investors is whether either will affect the stock. Odometers almost certainly won’t, but the delay of the lower-price model very well could.Investors can follow both issues when Tesla reports first-quarter earnings on Tuesday evening.On the first day after the long Easter holiday weekend, the stock fell 5.8% to $227.42, while the S&P 500 and Dow Jones Industrial Average dropped 2.4% and 2.5%, respectively.Coming into the week, shares were down about 38% since Tesla reported its fourth-quarter earnings on January 29.For the first quarter, Wall Street is expecting earnings per share of approximately 39 cents, according to FactSet, down from 45 cents in the first quarter of 2024. Estimates have been decreasing since the company reported first-quarter deliveries of approximately 337,000 vehicles, down from 387,000 a year ago and about 40,000 fewer than Wall Street had projected.Earnings results and what company management says about the year ahead should drive the stock's movement this week. Investors can keep an eye on odometers.Earlier in April, Nyree Hinton filed suit against Tesla alleging the company manipulated the odometer to avoid warranty claims, saying the odometer ran too fast, adding mileage. Tesla didn't respond to a request for comment. CEO Elon Musk responded to a tweet over the weekend calling the issue \"idiotic.\"Tampering with an odometer is serious. It's a crime. The National Highway Traffic Safety Administration estimates it costs car owners $1 billion annually. Typically, the form of the fraud is car owners rolling back mileage to get a better price on resale.Given Musk's response, he sounds confident there is no systemic issue with Tesla odometers. Tesla's warranty expense doesn't raise a red flag. The company's warranty provision in 2024 was $2.7 billion, representing approximately 3.5% of its automotive sales of $77 billion. The 2023 provision was $2.3 billion.The amounts look normal. General Motors' provision and adjustments to existing warranties totaled approximately $3.9 billion in 2024, accounting for about 2.3% of automotive sales.GM, Ford Motor, andStellantis have faced consumer lawsuits about data collection, parts, and safety risks.Investors who want to know what’s behind big drop should focuse more on low-price models. Investors expect a new model starting below $30,000 to help boost sales this year. Tesla delivered 1.8 million cars in 2024, flat with 2023.A lower-priced version of the Model Y is being paused, but investors don’t expect a cheap Model Y to be the new model. Investors are looking for a new form factor—possibly something along the design of the company’s Cybercab.The uncertainty isn’t helping shares. Fortunately, investors don’t have long to wait for clarification.","news_type":1,"symbols_score_info":{"TSLL":1,"TSYW.SI":0.6,"TSLA":1}},"isVote":1,"tweetType":1,"viewCount":353,"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,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}