This latest selloff will cost Tesla its position among the 10-highest valued companies in the S&P 500 Index, a distinction it has held since joining the benchmark in December 2020.offering US consumers
“Most of the stock’s weakness this year is due to indicators showing flagging demand globally,” said Craig Irwin, an analyst at Roth Capital Partners. Tesla’s estimated revenue growth “is still amazing, but not $385 billion market valuation-type amazing,” he said, referring to the value at the end of last week.
The hope that Tesla will be the leading EV company in a future dominated by electric cars drove a spectacular eight-fold rally in the shares in 2020, earning its place in the S&P 500 and at one point making it the fifth-most valuable stock in the gauge.But this year the unwinding has come equally fast.
Wall Street analysts started flagging warnings about EV demand earlier this month, with the average 12-month price target for Tesla falling 10% since the end of November. Meanwhile, the average adjusted earnings estimate for 2022 has declined over 4% from just three months ago.
Maybe, because it's the 24/7 onslaught by 95% of the media Trying to destroy Elon. A true statesman does not fall in line with the sheeple. How does Time Magazine miss what's causing the stock to drop...oh yeah, they fell in line years ago.
Acosta Ah…… that’s what happens when someone spends most of his time trying to blow up twitter 🧐
Acosta $109 a share....
It costs a lot of money to own the libs.
Acosta Because the Tesla cars are fugly and expensive. I’m better waiting for a Jeep or the Ford lighting to change my car.
Acosta It's quite expensive to own the libs.
Acosta 1 They were worth more than the next 8 car companies combined 2 Their Self driving software isn’t better than the competition (only limited self driving will be legal for the foreseeable future) 3 Their battery tech isn’t industry leading 4 The shine is off elonmusk
Imagine how much more Tesla stock Elmo has to contribute as collateral for twitter loans.
Signaling the end to the space program
Acosta The irony will be an established car maker buying Tesla
Acosta Elon needs to get a life
For those arguing that stocks are down for all industries… ya, but… one of these companies is not like the others.
Excellent GOOD news! 😀😃😄😁😆😅🤣😂😀👍!
Acosta Mebbe Tesla stock shoulda been on battery backup
In time everyone will need an electric vehicle to get around-hodle or listen -interested to hear you.
Acosta Tesla (and now Twitter) is 100% attached to Elon’s image. Companies dependent on cult of personality always fail (because nobody is perfect)
Acosta
SellSellSell $tsla
Acosta Oh oh elonmusk 🤷🏻♂️
Jews tried to punish him like alota folks
Because a bigot runs it.
Soon it will have the market valuation of Sears.
HATE always loses