One poison pill served up for elon.
Probably doesn't have many real life friends like Trump, only adoring fans.
So not that great to work with in a team setting twitter has therefore decided.
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One poison pill served up for elon.
Probably doesn't have many real life friends like Trump, only adoring fans.
So not that great to work with in a team setting twitter has therefore decided.
More BEVs from anyone is part of Tesla's mission. There are already Tesla Model S prototypes that have done more than 1,000 km, but they are not practical. Tesla's competition is from ICE cars and reduced demand for cars. That is why they are so keen on getting their robotaxi network functional.
Tesla reported $3.22 EPS for the quarter beating estimates of around $2.26
Revenue of $18.76 billion for the quarter compared to expectations of $17.84 billion.
Quarterly revenue was up 80.5% on a year-over-year basis.
Well now, the effect on the share price in relation to the good quarter results certainly did not last long.
Suspect the Fed making further noises about a half point rise in May as well as supply chain issues, Shanghai lockdown affects etc are all weighing quite heavily on this stock causing quite large daily swings in stock price...
e.g The EOD price pre results was 977.20
Opened this morning at 1074.73 so after/pre market was pretty happy with the results
Quickly rose to 1090.50 but that was it
Dropped throughout the day back down to a low of 996.44
Closed at 1008.78 on quite high volume (34,821,994)
(Was worth waking up for this morning as bought yesterday at $1,023.40 and sold today at $1,077.14 - makes for a happy chappie :))
Down 12.2% today to US$876:42 on double average volume
NASDAQ also down 3.95%
Could be an interesting day tomorrow...
I don't think this stock's price is connected to index levels to the extent of most companies. The factors that affect it(up or down) are company specific. Also the company specific effect normally affects a range of investors classes in what action they take ie pension, insti, hedge, retail, traders. By having all of those participating you can get good price discovery based on the company's prospects. This also doesn't happen with Tesla(and others like AIR in NZ). The professional type investors are not providing that support and liquidity as a result. Retail has been setting price direction and quantum of movements. That has been a re-emerging feature of markets. It has happened before and never been good in the long run. The vol in TSLA for that sort of move shows what I am saying is right. 2x daily avg vol when the price moves like that is a bad sign for support emerging because it didn't emerge. I am maintaining my -ve position and didn't do anything in that fall. Everyone has an opinion and that is mine FWIW.
Good points there Dassets, and it’s some of the reasons why I am not game to take a long position at this time. Will carry on day trading this one for now…
Elon Musk has sold around 4.8 billion dollars worth of shares this week which will explain most of the large rise in volume - says he isn’t planning on selling any more…
Looks like Musk selling more stock.
Another thing CATL Fell 8% in China yesterday after poor result. CATL is more than 2 x LG's battery market share and is a major supplier for Tesla, At the result yesterday CATL also said there were some big battery price increases that it was going to put through soon. Obviously Tesla will have to put up car prices again. CATL supplies most of the batteries to Tesla's Shanghai plant.