Why Is Tesla Stock Down
We cant ignore the role that Teslas CEO Elon Musk plays in the price of his companys shares. The controversial CEO seems to always be in the media for some antics, from introducing a surprising plan to end the war in Ukraine to announcing that hes again buying Twitter. Musk went from showcasing the humanoid robot on Friday evening at Teslas AI Day to sparking talks about purchasing Twitter just a few days later, and all of these moves have hurt the Tesla stock price.
The $44 billion bid to purchase Twitter concerns many investors as this is a hefty price tag for a social media platform, particularly a deal that seems perplexing at best. Musk hinted that purchasing Twitter had something to do with his everything app thats simply referred to as X for now. There isnt much more current information about the new app, but it seems like somethings brewing. Or its just hype, of course.
The issue with these announcements is that investors are unsure how this would dilute Musks focus on Tesla. Investors are worried that he could become more hands-on in the management of Twitter if the purchase goes through, not to mention X.
Elons intellect and potential might be limitless, but his bandwidth is not. All of it sends mixed signals to a marketplace that does not react well to uncertainty in volatile times. Watching a robot clumsily carried on and off the stage doesnt help.
Is It A Good Time To Buy Tesla Stock
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What Happened At Tesla Ai Day
Teslas AI Day was very technical as the event serves more as a platform for recruiting the brightest minds in the AI space than a display for investors. Many experts were hoping for a clear update on when fully self-driving cars and a working robot would be ready to launch.
The Optimus was clearly not yet a working robot, even though Musk speculated that they would be able to mass produce it and sell it for less than $20,000 in three years. AI experts were not impressed by the limited capabilities of the robot, and they felt that Musk had overpromised.
The entire live stream of the event is up on YouTube, and its over three hours long. The video currently has 1.6 million views. We have already looked at what Tesla AI Day could mean for investors. Now were going to look at what has actually happened to the stock since. You can read our full recap from Teslas AI Day here, if youre interested in more.
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Is Tesla A Profitable Investment
So far so good, Tesla stock has been a good buy for early investors. It has been gaining significant value in recent times, making it an overall profitable investment. Looking ahead, there is no reason to believe that the price of the stock will drop in the future. Unlike many top stocks, Tesla stock has been consistent in returning profit to investors. After Tesla reported increasing profitability of its business, investors also witnessed increasing profitability of their Tesla stock holdings.
/12/04 Tesla Stock Predictions For Next Months And Years
Tesla stock price predictions for December 2022. The forecast for beginning of December 195. Maximum value 196, while minimum 167. Averaged Tesla stock price for month 184. Price at the end 178, change for December -8.72%.
Tesla stock predictions for January 2023. The forecast for beginning of January 178. Maximum value 179, while minimum 159. Averaged Tesla stock price for month 171. Price at the end 169, change for January -5.06%.
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Solarcity And Model 3
In November 2016, Tesla acquired SolarCity, in an all-stock $2.6 billion deal, and entered the market. The solar installation business was merged with Tesla’s existing battery energy storage products division to form the Tesla Energy subsidiary. The deal was controversial because at the time of the acquisition, SolarCity was facing liquidity issues of which Tesla’s shareholders were not informed.
In February 2017, Tesla Motors changed its name to Tesla, Inc., to better reflect the scope of its expanded business, which now included electric vehicles, battery energy storage systems, and solar power generation.
That year Tesla also started its philanthropic effort. Tesla made multiple contributions of solar power to areas recovering from disasters in 2017, in particular installing a solar plus storage system to restore electricity at a hospital in Puerto Rico, following the destruction from Hurricane Maria. In July 2018, the company donated $37.5 million to kindergarten to 12th grade science, technology, engineering, and mathematics education in Nevada.
In August 2018, CEO Elon Musk briefly considered taking Tesla private. The plan did not materialize, and gave rise to much controversy and many lawsuits including a securities fraud charge from the SEC. By the end of 2018, the production problems had been overcome, and the Model 3 was the world’s best selling plug-in electric car for the year.
Tesla Stock Price Prediction 2022
After the Tesla stock showed an increase in price in 2020 and 2021, the leading stock fell by 13% compare to its all-time high last year. Despite this fact, experts believe that the stock gives bullish signals for 2022 and may even reach its past ATH.
But what should we expect this year, 2022?
According to forecasts, Tesla stock price will cross $1,250 in 2022, with a max estimate of $1,600 and a low estimate of $750.
Well, Tesla is well-positioned to gain quickly and entered the $1,000 region soon. The year is still fresh, and Tesla’s products are still as appealing as ever. We should also consider that the company has recently become more profitable. Again, the improved profitability has been greeted with positive price movement for the stock. A good showing in 2022 is also expected. It is anticipated that Tesla can hit $1,600 by the end of the year.
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Tesla Stock Price Largely Based On ‘hype’ And ‘pixie Dust’ Venture Capitalist Says
Investors are learning a painful lesson that Tesla’s stock price is valued on Elon Musk’s pomp and circumstance in addition to the automaker’s fundamentals.
“Is Tesla a great company that produces a great car? Absolutely. Is Tesla worth what General Motors should be or Ford or Toyota should be? Of course not,” veteran venture capitalist Bradley Tusk said on Yahoo Finance Live . “So much of Tesla’s share price is based on hype and the pixie dust that Elon Musk is so good at putting out there. When he risks puncturing that image, it doesn’t just reflect on Twitter but Tesla, SpaceX, and everything else he is doing.”
All eyes remain fixated on what’s happening to Tesla’s stock price amid . And over the course of 2022, Musk has unloaded about $23 billion worth of Tesla’s stock despite promising months ago to not sell any more.
Shares of the EV maker are down 20% so far this month, according to Yahoo Finance data, and down more than 55% so far in 2022.
Analysts point to several factors behind the plunge in Tesla’s once-Teflon stock price.
First, the risk of operational miscues at Tesla has grown as Musk focuses on restructuring Twitter. Goldman Sachs recently took a more cautious stance on Tesla’s stock, saying Musk’s ownership of Twitter has become “polarizing” and a cloud over shares.
Concerns also remain around manufacturing issues and the pace of sales for Tesla in China amid an uncertain approach to COVID-19 policies.
Can Investing In Tesla Stock Make Me Rich
The short answer is yes, Investing in Tesla stock can make you rich. But you need to realize that there is always some level of uncertainty in stock investing. Though the stock is looking very promising, it can take a while to return the sort of profit some investors are looking out for. How much you invest will also determine how much you can get. So, how much can you invest? And how long can you wait?
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Where Is Tsla Stock Heading Next
Analysts have been weighing in on Tesla stock lately. Lets go over a few of the recent TSLA stock price predictions below!
- RBC cut its price target for Tesla from $325 to $225 per share.
- Goldman Sachs dropped its price target for TSLA stock from $305 to $235 per share.
- The average consensus price target for TSLA shares is sitting at $281, as compared to its peak of $330 per share in April.
TSLA stock is down 60.7% year-to-date.
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A Peak Decline Of 38% In The Nasdaq Composite Has Created A Once
Professional and everyday investors have taken their lumps this year. Following a relatively calm 2021, each of the three major U.S. stock indexes plummeted into a bear market at some point in 2022. The growth-focused Nasdaq Composite is the index that’s fared worst of all, with a peak decline of 38% from its all-time high.
When examined over a very short time frame, bear markets can be unnerving and test the resolve of new and tenured investors. But when that lens is widened from months or a year to decades, it becomes clear that bear markets represent once-in-a-decade opportunities to scoop up high-quality stocks at a discount.
Image source: Getty Images.
The 2022 Nasdaq bear market is an ideal time to go shopping for innovative growth stocks that were unfairly beaten down by poor market sentiment. What follows are five astounding growth stocks you’ll regret not buying during the Nasdaq bear market dip.
Tesla Stock Price Forecast 2022
Tesla price started in 2022 at $352.26. Today, Tesla traded at $194.86, so the price decreased by -45% from the beginning of the year. The forecasted Tesla price at the end of 2022 is $223 – and the year to year change -37%. The rise from today to year-end: +14%. In the first half of 2023, the Tesla price will climb to $263 in the second half, the price would add $58 and close the year at $321, which is +65% to the current price.
The short-term forecast:
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Elon Musk’s Team Seeks New Funding For Twitter
-Elon Musks team has reached out to investors to raise new funds for his struggling social media platform Twitter, one of the investors said. Ross Gerber, president and CEO at Gerber Kawasaki Wealth & Investment Management, told Reuters that he was contacted by a Musk representative about offering more shares at the same price, $54.20, that Musk paid to take the company private in October. Jared Birchall, the managing director of Elon Musk’s family office reached out to potential investors this week, news platform Semafor reported on Friday, citing two people familiar with the fundraising effort.
Built On A Shaky Foundation
Despite the expected growth in demand for EVs, Tesla and other manufacturers have a number of hurdles they’re going to need to surmount that could make achieving their goals feasible.
First, demand is propped up by tax credits, and should they go away sales could falter. The so-called Inflation Reduction Act passed in August created a new array of incentives for the next few years, but it may not be fiscally responsible to keep them going indefinitely.
Second, the electric grid will be severely stressed from all the electric cars plugging in to charge and will need to be overhauled. That may not be feasible or cheap to accomplish as it will result in large costs for generating, transmitting, and storing power. Even as California was announcing a ban on fossil fuel-powered vehicles by 2035 this past summer, it was also asking EV owners not to charge their cars to help conserve energy.
Third, EV makers face soaring costs for finite resources, particularly for the batteries needed to power their vehicles. Lithium, for example, a key component of EV batteries, currently costs around $80,000 a tonne, or 1,000% more than it did two years ago.
EVs also require substantial amounts of graphite, cobalt, rare earth metals, and nickel, and the total global production of these metals cannot match demand for them.
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Tesla Share Price Volatility
Over the last 12 months, Tesla’s shares have ranged in value from as little as $166.185 up to $402.6667. A popular way to gauge a stock’s volatility is its “beta”.
Beta is a measure of a share’s volatility in relation to the market. The market beta is 1, while Tesla’s is 1.9127. This would suggest that Tesla’s shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk .
Tesla Stock Price Prediction For 2024
Tesla will likely enter 2024 stronger than ever. A lot is expected to have happened on the market by then, and as an innovative company, we expect that Tesla will grow its business significantly by then. If things should go as envisioned, Tesla stock can be worth as much as $1650, according to price prediction and forecast.
It is possible that Tesla will exceed our expectations in 2024. If the company should pull any stunt and become more appealing, investors could rush in, and that may drive the stock price up to $1,700.
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Tesla Launches Evs In Thailand Amid Competition From Cheaper Brands
Tesla Inc launched two electric vehicle models in Thailand on Wednesday, marking its first foray into the regional autos hub that has long been dominated by Japanese manufacturers. The launch of two EVs with prices ranging between 1.7 million baht to 2.5 million baht comes as Thailand makes a push for EV adoption and production by offering tax cuts and subsidies. The U.S. automaker plans to start selling its EVs in Southeast Asia’s second-biggest economy via online channels, with deliveries set to start early next year.
Tesla Stock Price Prediction For 2023
For our 2023 Tesla prediction, well be looking at data presented by different sources. They are very optimistic and predict a positive trend throughout the year.
TESL stock’s price might even make a massive bull run and reach $1,450 mid-year and an impressive $1,600 by the end of 2023.
Unless there is a disruption in the EV market, Tesla is likely to become even more valuable in 2023. The innovative company may gain new grounds and its stocks may reach new heights. We expect that Tesla stock will be worth, at least, $1,400 before the end of the second quarter.
If this goes smoothly for the company, Tesla may see its stock rise even more during the last six months of the year. It is possible that the price can get to $1,500 before the end of 2023. It can even go higher, depending on market factors.
It is vital to understand that the price of Tesla, or any stock, is extremely volatile, and it is not always influenced by unpredictable factors, such as Elon Musks tweets or the uptrend of the stock market. Please, always do your own research before investing in any stock.
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Is Tesla Stock Overvalued
It is understandable that some can feel that Tesla stock is overvalued. In fact, some so-called financial analysts have expressed this sentiment at different times. Some feel that Elon Musk is playing some sort of dirty game to sell overpriced stock to the public. But there is a lack of convincing evidence to support these claims. Besides Musk’s interest in cryptocurrencies and his knack for creativity and innovations, there is no reason to believe that hes playing the market. A DCF valuation of Tesla claims that the stock is highly overvalued, suggesting that it should be worth around $465 per share. But when you analyze without sentiment and factor in Tesla market share, revenue and unit growth, you can see why the price is what it is. Of course, investors are curious about Tesla, and as long as the top dogs are still buying and holding, the bullish trend will continue.
Everything You Need To Know About Tesla
Tesla was founded in 2003 by Martin Eberhard and Marc Tarpenning, two engineers who had the vision to revolutionise the auto industry by creating fully-functional, electric-powered vehicles.
The company was not, contrary to popular belief, founded by Musk. However, Musk was instrumental in Teslas success as he invested a sizeable amount of money in the company and helped it raise funds from venture capitalists and angel investors.
The first vehicle Tesla launched was the Roadster in 2008. It then introduced new models, including the Model S, Model X, Model Y, and Model 3. The company is also working to launch a commercial truck called the Tesla Semi, a passenger pick-up truck called the Cybertruck and a new Roadster model.
Tesla is headquartered in Austin, Texas. The company has manufacturing facilities in the US , China and Germany.
During the first nine months of 2022, Tesla produced total revenues of $57.1bn, $50.2bn of which came from the sale of its vehicles. During this same period, Tesla produced a total of 929,910 vehicles and delivered 908,573 units.
Understanding the companys history and current situation is a good first step in the process of drafting a plausible Tesla long-term forecast.
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