Company Of The Day: Tesla
What?
Tesla (NASDAQ:TSLA) halted production at its Shanghai plant on Monday on account of supply issues, per a report from Reuters. It remains unclear when the facility will resume production.
Why?
Covid-19 related lockdowns and disruptions in China are hurting Tesla’s local suppliers.
So What?
The Shanghai plant was already shut for a while in April due to Covid-19 restrictions and the recent developments indicate that Tesla may not be able to make up for the production shortfall, possibly hurting its Q2 deliveries from China. TSLA stock remains down by over 24% year-to-date.
See Our Complete Analysis For Tesla
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
| Returns | May 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| TSLA Return | -8% | -24% | 1772% |
| S&P 500 Return | -3% | -16% | 79% |
| Trefis Multi-Strategy Portfolio | -7% | -22% | 205% |
[1] Month-to-date and year-to-date as of 5/11/2022
[2] Cumulative total returns since the end of 2016
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