Company Of The Day: Tesla

+65.11%
Upside
180
Market
297
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?

Relevant Articles
  1. Why It May Be Time To Buy Tesla Stock
  2. Tesla Stock Falls Post Elon Musk’s Twitter Purchase. What’s Next?
  3. Tesla Is Set For A Record Q3. What Does This Mean For The Stock?
  4. Can Tesla Meet Its Growth Outlook After Weaker Than Expected Q3 Deliveries?
  5. Will Tesla Stock Rally Further Post Its Split?
  6. How Will Falling Q2 Deliveries Impact Tesla’s Earnings?

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

Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates