Tesla’s Market Story Is About Growth. That’s Now in Question

-- Shockingly low quarterly sales figures from Tesla Inc. this week are raising a fundamental question for investors: If the days of breakneck growth are over, what are the shares of Elon Musk’s company really worth?Iran Tells US to Step Aside as It Readies Response to IsraelThe concerns are valid.

Tesla sold about 387,000 cars in the first quarter, while analysts on average thought that number would be around 449,000. Obviously, profit estimates for the quarter will now have to be cut, after already dropping by more than half in a year. It also puts the company on track for a second straight year of declining annual earnings. In fact, analysts on average now expect that it will take until 2026 for Tesla to exceed the level of profitability it posted in 2022.

Despite Wall Street’s seeming surprise over Tesla’s troubles, no one should complain they weren’t warned. Tesla first noted the weakening pace of demand in October last year. But the reaction shows how few people fully grasped the speed of the deceleration. But the company will have to show more for the stock price to have a sustained recovery. Investors need to be convinced that Tesla can return to its strong growth, fat margins and highly innovative ways. Right now the story is shrinking demand and a shaky outlook, which cuts to the heart of the company’s towering stock market valuation.

The bank said it became aware of "allegations" against Ahn and launched an investigation that found she violated the bank's code of conduct by having an "undisclosed close personal relationship with another employee which led to preferential treatment of the employee including promotion and compensation increases." Both employees had their employment terminated as a result, the bank said in a statement.

30-year-old banker quit $100,000 job to start a healthy fast food chain because he had no work-life balance—but being his own boss was more work and he even cut short his honeymoon

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Wall Street drifts near its records amid a worldwide market lullNEW YORK (AP) — Stocks are drifting around their records on Wall Street, as a lull carries through financial markets worldwide. The S&P 500 was little changed in early trading Wednesday, a day after setting an all-time high.
Source: SooToday - 🏆 8. / 85 Read more »

Oil’s Under-the-Hood Signals Tell Tale of Very Bullish MarketThis article discusses the signals in the oil market that indicate a very bullish market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Colombia Returns to Bond Market in Test for EM Junk AppetiteColombia returned to the bond market, testing investor appetite for emerging market junk bonds.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market today: Hong Kong stocks lead Asia market gains while developer Vanke slumpsHONG KONG (AP) — Hong Kong stocks led gains in Asian markets Tuesday, though China real estate developer Vanke slumped more than 10%, while investors...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street holds steady as market heads toward another winning monthNEW YORK (AP) — Stocks are holding relatively steady as Wall Street coasts into the close of its latest winning month and quarter. The S&P 500 was little changed early Thursday after setting an all-time high the day before.
Source: SooToday - 🏆 8. / 85 Read more »

Xiaomi’s Sales Beat Estimates After Smartphone Market RecoversXiaomi Corp. posted better-than-expected revenue after the smartphone market showed signs of life during the holiday quarter, spurring hopes of an end to a years-long global electronics slump.
Source: BNNBloomberg - 🏆 83. / 50 Read more »