Dinner date! This gift card lets you dine at Planet Hollywood, Bertucci’s, and more, now starting at $20.FILE - The Tesla logo is displayed at the company's store in Cherry Creek Mall, Feb. 9, 2019, in Denver. Tesla's stock tumbled below $150 per share Thursday, April 18, 2024, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers.
Dan Ives, an analyst with Wedbush who has been very bullish on Tesla’s stock, called the first quarter sales numbers an “unmitigated disaster." Wall Street expects that Tesla will report a decline in first quarter earnings next week and many are wondering if there’s any near-term catalyst for growth that would end Tesla’s stock slide. Industry analysts were expecting a new small electric vehicle for the masses that would cost around $25,000, the Model 2, but there were reports last week that Musk was scrapping that project.
Such a delay would tie Tesla's future more closely to “cracking the code on full driverless autonomy, which represents a significant technological, regulatory and operational challenge. We view Tesla’s shift as thesis-changing,” Rosner wrote.
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