Rocky ride: Tesla stock on pace for worst year ever

LOS ANGELES — Owning Tesla stock this year has been anything but a smooth ride for investors.

That’s stoked concerns on Wall Street that Twitter is taking too much of the billionaire’s attention, and possibly offending loyal Tesla customers. Despite Musk’s focus on Twitter, Tesla’s results have been solid this year. The Austin, Texas, company posted year-over-year profit and revenue growth through the first three quarters of 2022, including more than doubling its third-quarter profit from a year earlier.

Ives predicts that Tesla will likely miss Wall Street’s estimates when the company reports its fourth-quarter results, citing higher inventory levels, the recent price cuts and overall production slowdowns in China. He also expects a “softer trajectory for 2023.”

all stocks are down except pfizer...

Wonder if Bidens sky high interest rates are discouraging people from buying.

elonmusk got what he paid for. He alienated very people who would potentially buy Tesla.

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Rocky ride: Tesla stock on pace for worst year everShares in the electric vehicle maker are down nearly 70% since the start of the year, on pace to finish in the bottom five biggest decliners among S&P 500 stocks.
Source: mercnews - 🏆 88. / 68 Read more »

Rocky ride: Tesla stock on pace for worst year everLOS ANGELES (AP) — Owning Tesla stock this year has been anything but a smooth ride for investors. Shares in the electric vehicle maker are down nearly 70% since the start of the year, on pace to finish in the bottom five biggest decliners among S&P 500 stocks. Really curious how much of the government investigating every aspect of Elon's life had to do with share holders and investors losing faith in Tesla. It's like owning a stock based on a 4 year-old's temper tantrums and soiled Pull-Ups.
Source: AP - 🏆 728. / 51 Read more »