Saturday , July 2 2022

Is Tesla red?



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Shares of US car manufacturer, Tesla fell from $ 275 to $ 230 due to company growth concerns and Model 3 problems.

Tesla's Chief Executive, Ilane Musk, has interests in different areas, such as launching missiles rather than focusing on increasing sales Model 3. According to Wedbush, this is a "red warning" code for the company's condition, says CNBC.

There is no Tesla car for $ 35,000. The brand has increased prices

There is no Tesla car for $ 35,000. The brand has increased prices

Each version of Model 3 is 400 dollars more expensive

The carma's shareholders fell by 7% on Friday, closing for $ 211.03. They continued to downgrade to below $ 200 per share, which is the first time since December 2016. This is more than a 40% reduction this year.

Analysts say that achieving the goals set by the end of the year would be a Herculean task for Tesla. The carmaker plans to produce between 360,000 and 400,000 cars by the end of the year. At best, however, they would be 370,000, and even 355,000 in the words of analysts.

Tesla faces a serious challenge as it is in the process of building a factory in Shanghai, as well as working hard on Model Y, which should be on the market in 2020. In addition, Tesla is looking for ways of refine its Model 3 variation, which will generate many costs that will require capital.

Tesla is looking for $ 2 billion from the markets. Musk will buy shares for another $ 10 million

Tesla is looking for $ 2 billion from the markets. Musk will buy shares for another $ 10 million

The stocks went up after the news

Musk has said he is trying to manage the costs. But according to Wedbush, Tesla faces "climbing, like Mount Kilimanjaro", to achieve its profitability targets in the second half of 2019.

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