Tesla tumbles as investors balk at Musk's price-cutting spree

Apr 20, 2023 · Tesla Inc's stock tumbled nearly 10% on Thursday after CEO Elon Musk signaled the electric vehicle maker will keep cutting prices to drive up demand, even after taking a …

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Tesla Tumbles As Investors Balk At Musk's Price-cutting Spree

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Apr 20, 2023 · Tesla Inc's stock tumbled nearly 10% on Thursday after CEO Elon Musk signaled the electric vehicle maker will keep cutting prices to drive up demand, even after taking a …

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Tesla Tumbles As Investors Balk At Musk's Price-cutting Spree

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Apr 20, 2023 · Tesla Inc's stock tumbled nearly 10% on Thursday after CEO Elon Musk signaled the electric vehicle maker will keep cutting prices to drive up demand, even after taking a …

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Tesla Shares Tumble On Earnings Miss; Musk Says Price

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Tesla shares tumbled more than 9% in afternoon trading Thursday after the electric carmaker's … Chief Executive Officer (CEO) Elon Musk said higher interest rates negated the impact of Tesla's price cuts and made car buying more difficult for consumers.Higher interest rates and global economic concerns also weighed on Tesla's factory expansion i… ) shares tumbled more than 9% Thursday afternoon after the electric carmaker's

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Tesla Erases $80 Billion In Valuation After Musk's Sales Warning

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Jan 25, 2024 · (Reuters) -Tesla tumbled over 12% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the …

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Tesla Tumbles As Investors Balk At Musk's Price-cutting Spree

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Apr 20, 2023 · Tesla Inc’s stock tumbled nearly 10% on Thursday after CEO Elon Musk signaled the electric vehicle maker will keep cutting prices to drive up demand, even after tak…

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Tesla Tumbles As Investors Balk At Musk's Price-cutting Spree

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Tesla tumbles as investors balk at Musk's price-cutting spree. ... Tesla Inc's stock tumbled nearly 10% on Thursday after CEO Elon Musk signaled the electric vehicle maker will keep cutting …

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Tesla Tumbles As Investors Balk At Musk's Price-cutting Spree

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Apr 20, 2023 · By Aditya Soni and Noel Randewich (Reuters) - Tesla Inc (NASDAQ: TSLA)'s stock tumbled nearly 10% on Thursday after CEO Elon Musk signaled the electric vehicle …

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Tesla Tumbles As Investors Balk At Musk's Price-cutting Spree

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Apr 20, 2023 · By Aditya Soni and Noel Randewich (Reuters) - Tesla Inc's stock tumbled nearly 10% on Thursday after CEO Elon Musk signaled the electric vehicle maker will keep cutting …

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Tesla Tumbles As Investors Balk At Musk's Price-cutting Spree ...

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Apr 20, 2023 · Tesla tumbles as investors balk at Musk's price-cutting spree (Reuters) - Tesla Inc's stock tumbled nearly 10% on Thursday after CEO Elon Musk signaled the electric vehicle …

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Tesla Tumbles As Investors Balk At Musk’s Price-cutting Spree

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Apr 20, 2023 · By Aditya Soni and Noel Randewich (Reuters) - Tesla Inc's stock tumbled nearly 10% on Thursday after CEO Elon Musk signaled the electric vehicle maker will keep cutting …

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Tesla Tumbles As Investors Balk At Musk’s Price-cutting Spree

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Apr 20, 2023 · Tesla tumbles as investors balk at Musk’s price-cutting spree. Reuters April 20, 2023. ... Tesla Inc’s stock tumbled nearly 10% on Thursday after CEO Elon Musk signaled the …

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FAQs about Tesla tumbles as investors balk at Musk's price-cutting spree Coupon?

How much did Kimbal Musk sell Tesla?

Kimbal Musk’s sales came at just above $850 per share, according to securities filings. Tesla’s stock closed at just under $805 per share on Wednesday. The sale represents about 5% of the younger Musk’s stake in Tesla. He held 600,000 shares as of October, according to FactSet, making him the fifth largest insider stockholder. ...

What happened to Tesla's market capitalization?

The leading electric car manufacturer lost over $50 billion of its stock market value, while fears of an escalating price war also hit the shares of General Motors (GM.N), Volkswagen AG (VOWG_p.DE) and other automakers. At $517 billion, Tesla's market capitalization ended Thursday below Meta Platforms' (META.O) for the first time since 2021. ...

Why did Tesla tumble 8% on Thursday?

(Reuters) -Tesla tumbled more than 8% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and raised investor concerns at the world's most valuable automaker. ...

How many analysts cut Tesla price targets?

At least 15 analysts cut their Tesla price targets following Tesla's report, pulling the median target of 42 analysts from $210 down to $200, or about 23% above the stock's current level, according to Refinitiv data. ...

Does Elon Musk have a crystal ball?

Elon Musk said he doesn't "have a crystal ball." Tesla lost 7.8% in premarket trading after cautioning that sales growth may slow down sharply this year, while expecting to start production of next-generation electric vehicle at its Texas factory in the second half of 2025. Other EV makers Rivian Automotive and Lucid Group fell over 2% each. ...

Is Tesla a good stock to buy?

The company, on average, has a "hold" rating with a median price target of $225, nearly 9% higher than the share's last closing price. Tesla short sellers have made $3.45 billion so far this year, making it the most profitable U.S. short trade, according to data and analytics firm Ortex. ...