Tesla yahoo finance full#
Tesla yahoo finance series#

The analyst cut his price target on Tesla to $140 from $176 but maintained a neutral rating. In a new note, Michaeli slashed his 2023 deliveries estimate to 40% growth from 53% previously. REUTERS/Athit PerawongmethaĬiti analyst Itay Michaeli, meanwhile, took a more cautious stance on the company's upcoming earnings. Tanya is a data reporter for Yahoo Finance.Members of media and guests surround the Tesla Model Y and Model 3 during Thailand Tesla's official launch event in Bangkok, Thailand, December 7, 2022. The Shanghai plant faces questions about whether it will continue to be Tesla's production cornerstone, as it will not reopen in January for full-scale production.Īs for selling stocks, Musk said with a recession 'overdue,' he won't sell any more Tesla shares for the next year and a half.

The company announced a hiring freeze with layoffs in 2023's first quarter. Yet critics believe Musk has damaged Tesla's brand image with his investment in Twitter and the outlook for Tesla in early 2023 doesn't seem much better. Some Tesla bulls believe the stock could surge higher next year, even after it was one of the worst-performing stocks of 2022. 'As we demonstrate continued excellent performance, the market will recognize that.' “Don’t be too bothered by stock market craziness,' Musk told Tesla employees in an effort to increase morale. The stock continued tanking to its lowest price in years. Oppenheimer downgraded Tesla stock, and it reached a fresh low after dropping about 70% year to date. Meanwhile, weekly turmoil at the new version of Twitter continued as Musk asked users whether he should step down as CEO.Īnd Tesla stock became increasingly volatile. (Photo illustration by Jakub Porzycki/NurPhoto via Getty Images)

Tesla logo displayed on a phone screen and Elon Musk's Twitter account displayed on a screen in the background are seen in this illustration photo taken in Poland on April 24, 2022.

In late November, S&P estimated that Tesla could slip to 20% market share by 2025. EV market heavily favors Tesla - at about 65% market share, according to S&P Global Mobility data - the competition is gaining. The gigafactory in Berlin descended into 'total chaos' due to staffing issues. “In what has been a dark comedy show with Twitter, Musk has essentially tarnished the Tesla story/stock and is starting to potentially impact the Tesla brand with this ongoing Twitter train wreck disaster,” Wedbush Senior Analyst Dan Ives wrote in a note in November.įinally, December put Tesla in the eye of the storm. Some analysts contended that Musk had become ' fairly distracted' by Twitter, adding to Tesla's chaotic year.

Tesla yahoo finance series#

He also closed the Twitter deal at the original $44 billion price, which set off a series of layoffs, lawsuits, and numerous antics that have changed the structure of Twitter.

Tesla yahoo finance full#

'The factories are running at full speed, and we’re delivering every car we make and keeping operating margins strong,' Musk said on Tesla's earnings call. In the same month, Tesla missed Q3 earnings, though Musk stated that the company had 'excellent demand for Q4.' October brought more COVID outbreaks, and China locked down once again. Still, long-term relief for Tesla was not in sight. When Musk called to scrap the Twitter deal, Twitter sued, and Musk ultimately ended up following through on his purchase. The stock again went into an unstable zone. He sold 75% of Tesla's bitcoin by July for regular cash, which at the time of purchase Musk had declared he would not sell. In June, mass layoffs in Nevada resulted in a lawsuit against the company for violating federal law by not providing advance notice of job cuts. The tough quarter brought Tesla's public image under scrutiny, and uncertainty with the stock grew further. On May 24, the stock hit its lowest level for the quarter at $209 per share. The second quarter was even more detrimental for Tesla stock. Tesla investors were disappointed that the stock was being used to fund Musk's purchase, which further tanked shares.Īfter the sales were publicized, Musk tweeted: “No further TSLA sales planned after today.” He sold $8.4 billion worth of stock in less than a week followed by another $4.4 billion two days later. He needed money to become the owner of Twitter and began selling Tesla stock in April. Tesla logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022.