NatalieLopez

 15 Apr 24

tl;dr

Tesla (NASDAQ:TSLA) fell 4.5% in afternoon trading on Monday after a series of new developments. Investors were left grappling with the implications of lower pricing on the company's FSD package, an announcement by Elon Musk of global job cuts totaling at least 10% of the workforce, and the departur...

Tesla (NASDAQ:TSLA) fell 4.5% in afternoon trading on Monday after a series of new developments. Investors were left grappling with the implications of lower pricing on the company's FSD package, an announcement by Elon Musk of global job cuts totaling at least 10% of the workforce, and the departure of two high-ranking and key Tesla (TSLA) execs. Weighing in on the latest Tesla (TSLA) drama, Wedbush Securities said the loss of Drew Baglino is an absolute gut punch loss as he was noted to be instrumental in the Powertrain and Energy initiatives at Tesla (TSLA). Ives highlighted that he was also viewed by many as key to the Model 2 initiative over the next few years. "The pressure on the stock today is being exacerbated by the Baglino news which was very unexpected," warned Ives. The latest twists and turns raise the stakes for Tesla's (TSLA) earnings call on April 23, when analysts are expected to try to pin down Elon Musk on the strategy with a mass-market model and timing of a viable robotaxi fleet. "We need to hear the rationale for the cost-cutting, the strategy going forward, product roadmap, and an overall vision from Musk otherwise many investors might head for the elevators during this Category 5 perfect storm of weak demand Tesla is seeing globally in 2024," highlighted Ives. The electric vehicle sector had another rough session on Monday as analysts pointed to the potential for some full-year guidance cuts alongside earnings reports over the next few weeks. The decliners as of 2:20 p.m included Polestar Automotive (PSNY) -9.6%, VinFast Auto (VFS) -9.0%, Rivian Automotive (RIVN) -8.2%, Nio (NIO) -6.3%, and XPeng (XPEV) -4.5%.

More about Tesla Inc

Company: Tesla Inc

Industry: Manufacturing, Motor Vehicles & Passenger Car Bodies

Sales: $544.76 billion

Current Stock Price: $39.87

Dividend Yield: None

Market Cap: $967.73 billion

EPS: $186.88

P/E Ratio: 1.115

EV/EBITDA: 30.49

Debt/Equity: 0.155

Battery Storage Supplied in 2020: 3 GWh

More about Polestar Automotive Holding UK PLC Class A ADS

Polestar Automotive Holding UK PLC Class A ADS


Industry: MANUFACTURING

Sub-Industry: MOTOR VEHICLES & PASSENGER CAR BODIES

Revenue: 3070312000

EBITDA: 2829597000

EPS: -0.35

P/E Ratio: 1.341

Dividend: -0.258

Market Cap: 3.28

Shares Outstanding: 0

Beta: 0.408

More about VinFast Auto Ltd. Ordinary Shares

VinFast Auto Ltd. Ordinary Shares


VinFast Auto Ltd., an automotive manufacturer, engages in Automobiles and E-scooter related business in Vietnam and the United States.


Sector: TECHNOLOGY

Industry: GENERAL

Market Cap: 12,570,719,000

P/E Ratio: -0.99

EPS: 9376.78

ROE: -2.512

Revenue: 22,643,581,387,000

Dividend Yield: None

Beta: 0

Volatility: 1.593

More about Rivian Automotive Inc

Rivian Automotive Inc Summary

Industry: Manufacturing - Motor Vehicles & Passenger Car Bodies

Revenue: $8,924,118,000

Net Income: -$5.74

EBITDA: $4.682

EPS: -$1.225

Market Cap: $4,434,000,000

PE Ratio: 17.84

Dividend Yield: 0

Beta: 0.983

More about Nio Inc Class A ADR
Nio Inc Class A ADR Summary

Nio Inc Class A ADR Summary

Nio Inc. designs, develops, manufactures, and sells smart electric vehicles in mainland China, Hong Kong, the United States, the United Kingdom, and Germany. The company is headquartered in Shanghai, China.

Industry Information

Industry: MANUFACTURING

Sector: MOTOR VEHICLES & PASSENGER CAR BODIES

Employees: 9119884000

Stock Performance

Previous Close: $32.71

Change: -1.72

Market Cap: $55,617,933,000

PE Ratio: 15.21

Dividend Yield: 0

Beta: 0.065

More about Xpeng Inc

Xpeng Inc Summary

Xpeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. The company is headquartered in Guangzhou, the People's Republic of China.

Industry: MANUFACTURING, MOTOR VEHICLES & PASSENGER CAR BODIES

Revenue: $7,413,256,000

Net Income: -1.65

EPS: 35.24

ROE: -0.338

Market Cap: $30,676,066,000

P/E Ratio: 14.42

PEG Ratio: -0.385

Dividend: 1.539

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 22 Nov 24
 22 Nov 24
 22 Nov 24