The stock is likely down primarily because of a decline in the overall market that weighed particularly heavily on growth stockslike Tesla. However, shares may also be down because of a note from Morgan Stanleyanalyst Adam Jonas about Ford's new electric Mustang Mach-E taking market share from Tesla in February. Image source: Getty Images. So what
Why is Tesla stock dropping so much?
Tesla Inc (NASDAQ: TSLA) shares are going to take a sharp dive as interest rates rise in the aftermath of the COVID-19 pandemic, Lansdowne Partners fund manager Per Lekander told CNBC on Tuesday.
Will Tesla stock keep falling?
Tesla stock gained on Monday as EV stocks recovered ground ... and we would have expected Tesla (TSLA), Rivian (RIVN) and Lucid (LCID) to fall significantly. So the move on Monday is a bit surprising and perhaps an early indicator that a short-term ...
When will Tesla stock drop?
Tesla shares dropped by more than 11% in Thursday trading after the company said it would not produce new model vehicles in 2022, and is not yet working on a $25,000 electric car.
Why Tesla is falling?
Tesla Inc (NASDAQ:TSLA) shares are trading lower after the company noted in its fourth-quarter earnings report its factories have been running below capacity for several quarters due to supply chain issues, which are likely to continue throughout 2022 ...
Is Tesla in financial trouble?
According to its annual financial filing, Tesla and its subsidiaries employed 99,290 people around the world as of the end of 2021. Tesla shares have dropped by more than 25% this year amid a broader sell-off in tech.
Is Tesla stock predicted to rise?
He expects the stock to climb to $1,350 in the next year. And it's not cheap. Tesla is priced at 58 times estimated earnings for the next year, while all of the big global car companies sell for less than 10 times profit.
Is Tesla a good stock to buy 2022?
Tesla stock has had a tough 2022, but now UBS has upgraded shares to Buy from Neutral while keeping its price target unchanged at $1,100.
Will Tesla split again 2022?
Today, as part of the release of its prospectus for its 2022 annual shareholder meeting, Tesla announced that it is going with a three-for-one stock split – meaning that if you own one Tesla share, you will get two more.
NASDAQ: TSLA
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What happened
Shares of Tesla ( TSLA -2.21% ) tumbled on Thursday, declining more than 4% as of 12:40 p.m. ET. The stock is likely down because of knee-jerk selling in many growth stocks on Thursday, following the Federal Reserve's commentary yesterday about its expectations to raise interest rates next year.
So what
Many growth stocks were trading lower on Thursday. This is partly evidenced by the tech-heavy Nasdaq Composite 's near-2% decline as of this writing. The index has more growth stocks in it than the S&P 500, which was down a lesser 0.5% as of this writing.
NASDAQ: TSLA
While Tesla stock has been battered and bruised in recent trading days, the stock is still up a market-beating 32% year to date. And that's on top of a nearly 700% gain in 2020. Shares, therefore, may simply be taking a breather after an epic run-up over the last two years.
Now what
Looking ahead, investors will be looking for Tesla to report strong vehicle deliveries for its fourth quarter. The company typically reports fourth-quarter deliveries within the first three calendar days of each year. So, investors can expect an update on Tesla's quarterly deliveries by Jan. 3, 2022.
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CFRA Analyst Garrett Nelson joins Bloomberg's Ed Ludlow and Emily Chang to discuss the electric-vehicle maker falling as much as 6.4% in morning trading in New York following reports that the SEC is investigating Tesla over whistle-blower claims on solar panel defects.
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