Company Of The Day: Tesla

October 25th, 2022 by Trefis Team
-14.01%
Downside
244
Market
210
Trefis
TSLA: Tesla logo
TSLA
Tesla

What?

Tesla (NASDAQ:TSLA) has cut prices in China by as much as 9%, per its website. For instance, prices on the Model Y now start at about RMB 288,900 ($39,800) down from RMB 316,900 ($43,650) previously.

Why?

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Economic headwinds in China are likely leading to softening demand, likely prompting Tesla to cut prices.

So What?

Tesla stock was down by close to 1.5% in trading on Monday.

See Our Complete Analysis For Tesla

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Returns Oct 2022
MTD [1]		 2022
YTD [1]		 2017-22
Total [2]
 TSLA Return -20% -40% 1383%
 S&P 500 Return 6% -20% 70%
 Trefis Multi-Strategy Portfolio 2% -25% 197%

[1] Month-to-date and year-to-date as of 10/25/2022
[2] Cumulative total returns since the end of 2016

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