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?
- Down Almost 20% This Year, Is Tesla Stock Good Value?
- Down 9% Year-To Date, Will A Q4 Earnings Beat Drive Tesla Stock Higher?
- With Delivery Growth Cooling, Is Tesla Stock Still A Buy At $250?
- Following A Lackluster Cybertruck Debut, Is Tesla Stock Overvalued At $240?
- Will Weak Earnings Follow Tesla’s Mixed Delivery Report?
- With Deliveries Missing Estimates, What’s Next For Tesla 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