Tesla is now the S&P 500's 12th most valuable firm measured by market capitalization after previously climbing as high as fifth.
The last time Tesla was worth less than Exxon was early 2020 — before the COVID-19 pandemic triggered a massive reversal of fortune has since come undone amid the global energy crisis, Fed rate hikes, and Elon Musk's Twitter takeover.Tesla stock is enduring its Tesla has faced immense pressure all year on aggressive Fed rate hikes that have slammed tech stocks broadly and growth concerns in China. Analysts and investors have also warned Tesla could face more downward pressure as Musk remains preoccupied with his acquisition of Twitter, a company where he is also CEO.
Check Tesla's three year CAGR, 47%. Even with the market driven 60%+ setback. Astounding! Look at their financial statements over the last five years. Another amazing story. Yet the only story authors can find is the Twitter connection? Oh please.
Well done Elmo.
Is the market response iro progress of mature & established automakers or market disillusioned with elonmusk has the charisma but truly lack the experience to deliver Can the disruptor in the auto industry continue to deliver results or has lost its competitive edge to deliver.
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It’s apparent that someone sitting on the branch is axing it? Or letting the tree being chopped at the trunk for whatever reason. Is it a new norm for industry leaders and competitors out perform and or nullify competition by pulling the plug? Tesla EV FutureofAuto Strategy
How unfortunate it is to see a proven solution Tesla moving down at rapid speed? If companies like Tesla aren’t seriously backed up, one can wonder how 2030 goals are attainable. Why the darlings of the industry aren’t stepping forward to stabilize the market or this brand?
Makes no sense. TSLA profits will be roughly the same as XOM in Q4 and are still growing 50%+ yoy.
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