Bank

2024

Gains

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">Tesla Inc. (NASDAQ: <a href="https://tokenist.com/there-is-nothing-magnificent-about-tesla-this-year-stock-down-36-ytd/" rel="dofollow" class="deco-link">TSLA</a>) shares experienced a modest uptick Tuesday, rising 2.17% to $145.13 at the time of writing, as investors eagerly await the electric vehicle maker’s first-quarter earnings report. <br><br>The company is expected to face significant challenges, with analysts projecting a <a href="https://tokenist.com/tesla-meta-microsoft-set-to-report-earnings-this-week/" class="deco-link">decrease in profitability</a> and the worst overall sales since the third quarter of 2022. The <a aria-label="consensus (opens in a new tab)" href="https://www.nasdaq.com/market-activity/stocks/tsla/earnings" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">consensus</a> earnings per share forecast stands at $0.35.</p> 
<h3 id="tesla-stock-plunged-in-2024-amid-declining-sales">Tesla Stock Plunged in 2024 Amid Declining Sales</h3> 
<p>Tesla’s Q1 vehicle deliveries <a href="https://tokenist.com/teslas-deliveries-in-q1-short-of-expectations-stock-opens-5-2-lower/" rel="dofollow" class="deco-link">fell short of expectations</a>, marking the company’s first negative annual sales growth since Q2 2020. This decline is primarily attributed to decreased demand in China and a 9% drop in electric car deliveries compared to last year’s comparable quarter. In response to these challenges, Tesla announced a <a href="https://tokenist.com/tesla-to-cut-over-10-of-workforce-amid-declining-sales-stock-dips-in-premarket/" rel="dofollow" class="deco-link">layoff</a> exceeding 10% of its workforce.</p> 
<p>Despite today’s slight gains, Tesla stock has experienced a significant drop year-to-date, falling 36% and making it the worst performer among the ‘Magnificent Seven’ tech stocks. <br><br>This stark contrast to the substantial gains recorded by tech giants like Nvidia (NASDAQ: <a href="https://tokenist.com/amd-vs-nvidia-in-2024-which-ai-stock-makes-more-sense-for-your-portfolio/" rel="dofollow" class="deco-link">NVDA</a>) and Meta Platforms (NASDAQ: META) underscores the severity of Tesla’s underperformance. Recent analyst adjustments reflect a more cautious outlook, with Deutsche Bank downgrading Tesla from Buy to Hold, citing concerns over growth and competition, particularly from China.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p> 
 </div> 
</div> 
<h3 id="tesla-no-longer-mangificent">Tesla No Longer Mangificent</h3> 
<p>Tesla has diverged negatively from its peers in the Magnificent Seven, significantly underperforming, while tech giants like Nvidia and Meta Platforms have recorded substantial gains. Intense <a href="https://tokenist.com/three-asian-ev-stocks-that-can-compete-with-tesla/" rel="dofollow" class="deco-link">competition</a>, especially from Chinese manufacturers, has been a critical factor in Tesla’s stock performance decline, as these competitors increasingly take market share in the EV sector.</p> 
<p>Tesla’s strategic shifts, notably its focus on advancing its <a href="https://tokenist.com/what-teslas-robotaxi-could-mean-for-its-stock-price/" rel="dofollow" class="deco-link">Robotaxi business</a> over other projects like the Model 2 vehicle, have influenced market perceptions and set a new strategic direction for the company. </p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><strong><em>Do you think Tesla could surprise the market with today’s earnings release? Let us know in the comments below.</em></strong></p> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/tesla-stock-sees-slight-gains-as-market-awaits-q1-results/">Tesla Stock Sees Slight Gains as Market Awaits Q1 Results</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Tesla Stock Sees Slight Gains as Market Awaits Q1 Results

目次

Tokenist

2024年4月23日公開の他の記事

IOTA Price Explodes: Can IOTA reach $1?

Another Day, Another Airdrop: What’s The New Hype Behind The AltLayer Airdrop?

Your monthly update on how Argentina’s economy is doing

Analyst Unveils Bitcoin Path Toward Bull Market Top, Says This Altcoin Will Be One of Firsts To P...

UpBit to List Big Time and Akash Network Cryptos

Decentralized Cloud Computing Altcoin Explodes After Korea’s Biggest Crypto Exchange Announces Su...

ニュースレターを購読して暗号資産の最新情報を毎日入手！