Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Tesla hits five-month low: Are the glory days gone?
Event Description
Ended
💡Key takeaways: $Tesla (TSLA.US)$ dropped to below $200, the first time since early June, which also fell by 2.21% last week. ● The stock Show More
💡Key takeaways:
$Tesla (TSLA.US)$ dropped to below $200, the first time since early June, which also fell by 2.21% last week.
● The stock has faced volatility pressure from the UAW strike, competition, but primarily disappointing earnings on 10/18.

Trouble began for Tesla earlier this earnings season, when Tesla dropped after weak earnings and downbeat comments from CEO Elon Musk October 18. Price cuts were responsible for the decline in profitability. The economy is simply making it harder to sell cars, something Musk mentioned several times on the earnings conference call. For the past two weeks, some have even questioned Tesla's role as the stand-out auto company, that a declining Gross margin could make the trend setter a run-of-the-mill stock.

TSLA also sank due to competition in China. BYD posted quarterly earnings on Oct 30, showing record high revenue, as the electric vehicle giant preserved its domestic market leadership despite softer demand and increased competition.

🎙️Q:
1. Is there a reason to hold Tesla right now?
2. How do you rate the stock: Buy / Hold / Sell?

View disclosures here.
Views
420K
Posts
231
Join event
Latest
Hot
Related Stocks
  • TSLA
    Tesla
    171.050
    -2.03%
  • BYDDY
    BYD Company ADR
    52.580
    -1.64%