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

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