Company Of The Day: Tesla

-3.33%
Downside
183
Market
177
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

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 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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