Company Of The Day: 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?
- Tesla’s Energy Business Grew 2x In Q2. What’s Next?
- After 50% Move Last Month, Where Is Tesla Stock Headed Post Q2 Earnings?
- Tesla’s Q2 Deliveries Surprised, But Was Stock’s 10% Rally Justified?
- Should Tesla’s Inventory Pileup Worry Investors?
- With A Similar Revenue Base Is Johnson & Johnson A Better Pick Despite The 30% Fall In Tesla Stock This Year?
- Tesla Semi Is On Track For A 2026 Launch. Will It Help Tesla’s Underperforming Stock?
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
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
See all Trefis Price Estimates