Tesla' s Musk says recession could last until 2024 Mtpıx - Aut HEAD TOPICS
Tesla' s Musk says recession could last until 2024
10/21/2022 12:35:00 PM Tesla Chief Executive Elon Musk thinks a recession will last until the spring of 2024 he tweeted today after saying earlier this week that a recession of sorts in China and Europe was weighing on demand for its electric cars
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Tesla Chief Executive Elon Musk thinks a recession will last until the spring of 2024, he tweeted today, after saying earlier this week that ‘a recession of sorts’ in China and Europ e was weighing on demand for its electric cars Tesla Inc Chief Executive Elon Musk thinks a recession will last until the spring of 2024, he tweeted on Friday, after saying earlier this week that 'a recession of sorts' in China and Europ e was weighing on demand for its electric cars. Chief Executive Elon Musk thinks a recession will last until the spring of 2024, he tweeted on Friday, after saying earlier this week that "a recession of sorts" in China and Europe was weighing on demand for its electric cars.slid 6.6% to close at $207.28 on Thursday, a day after Musk told analysts on a conference call that the weakness in China and Europe was causing demand to be "a little harder than it otherwise would be." At least six brokerages lowered their price targets on the stock, with Tesla bull Wedbush Securities making the biggest cut of $60 to bring its price target to $300. Tesla's third-quarter revenue on WednesdayWhile Musk told analysts that Tesla has "excellent demand" for the current quarter, the EV maker said it would miss its annual delivery target due to limited transportation capacity. Read more:
Reuters » Snap investors, do you still trust Evan Spiegel? Elon Musk: Tesla Could Be Worth More Than Apple + Saudi Aramco. Stock Market: Not So Fast. Flying car by California startup Alef attracts early Tesla investor Tesla To Build 1,0000 GWh Of Battery Cells Domestically, Over Double Entire World's 2022 Output Belgian restaurant chain asks for 1 euro per head to help pay energy bills
A Belgian restaurant owner is asking customers to pay one euro per head towards his spiralling energy costs, saying the cost of living crisis is a matter of life or death for his business. Read more >> Given his prediction track record, you’d think would at least qualify that instead of parroting whatever he says. no one cares what elon thinks. Snap investors, do you still trust Evan Spiegel?OPINION: As Snap stock heads toward its lowest prices since March 2020, the question is even more important, and answering “yes” should be even harder, writes columnist tpoletti. Elon Musk: Tesla Could Be Worth More Than Apple + Saudi Aramco. Stock Market: Not So Fast.On the Tesla conference call today, the 1 headline grabber was that Tesla CEO Elon Musk now thinks Tesla [NASDAQ:TSLA] could one day become more valuable than Apple and Saudi Aramco currently are combined. That His company landed a rocket. That's not enough? Flying car by California startup Alef attracts early Tesla investorThe concept of a flying car is not new - inventors have been trying to add wings to wheeled motor vehicles for decades, with only limited success. Ugliest fucking concept I’ve ever seen, imagine going somewhere in this thing the stupidest fuxing transportation idea for a number of reasons Tesla To Build 1,0000 GWh Of Battery Cells Domestically, Over Double Entire World's 2022 OutputTesla is dramatically accelerating its plan to bring its battery supply change to the US to meet the needs of the IRA tax bill. 10.000 or 1.000? How many zeroes in your headline are correct? There is no such thing as 1,0000 Damn, where is that edit button? Elon Musk says Tesla can surpass combined value of Apple and AramcoElon Musk says Tesla can surpass the combined value of Apple and Saudi Aramco, the world's 2 most valuable companies It will. Apple is falling behind on real innovation 💡. Their products are all the same. They are good but not mind bending anymore. Tesla is building personal droids & the best cars with the best software. Yes, Musk is damn smart and talented! If the people of the United States invite him to become president, the United States will have a new heyday! Elon Musk says Tesla can surpass combined value of Apple and AramcoElon Musk says Tesla can surpass the combined value of Apple and Saudi Aramco, the world's 2 most valuable companies InsiderNews It might, but only if he shuts up about appeasing ruSSia. He's got no idea what damage he's doing. Pump and dump BITech 🙄😂 The logo of Tesla is seen in Taipei, Taiwan August 11, 2017.When Snap Inc.conf call: – Zach guided to “just under 50%”deliv growth for FY’22 – implies 4Q delivs ~450K+ – Elon: 4Q delivs “epic” – Elon said $5B-$10B buyback likely in 2023 – Auto GM% probably weak due to ramp of Berlin/Austin – M-$30K vols will be bigger than all models combined — Gary Black (@garyblack00) 4/ Elon clearly selling on call: – 4Q will be epic – Said TSLA market cap would be more than AAPL and Saudi Aramco combined (>$4T) – $5B-$10B buyback next year – FY’24 forecast of 50K Semis implies $10B of increm revs @ $200K – New compact would outsell all other models combined — Gary Black (@garyblack00) October 20, 2022 Is that what was going on? Was Elon pumping TSLA knowing that he intended to sell more stock soon? Well, whether for that reason or others, the market has decided that the conference call brought more pessimism than optimism and the time to sell is now.Jim Dukhovny, founder of Alef Aeronautics, hopes to change that equation. REUTERS/Tyrone Siu Oct 21 (Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk thinks a recession will last until the spring of 2024, he tweeted on Friday, after saying earlier this week that "a recession of sorts" in China and Europe was weighing on demand for its electric cars.64% stock heads toward its lowest prices since March 2020, and potentially even lower, that question is even more important, and answering “yes” should be even harder. "Just guessing, but probably until spring of '24," Musk said on Twitter after a user asked him how long the recession would last. Guiding “just under” 50% growth year over year may be a bit lower than some expected, since guidance was previously 50% growth. It was not clear if Musk was talking about a global recession or expanding on the comment on China and Europe he made on Wednesday. Then in August, news came that Snap was laying off one in five employees. Shares of Tesla Inc slid 6.O) and SpaceX whose Draper Associates Fund V has backed Alef with $3 million in seed money. 6% to close at $207. On the face of it, this seems like an investor-friendly approach — Barron’s pointed out earlier this year that investors were suffering while employees were faring better with the hefty stock-comp plans. He talks about a cheaper car yet we still have no CT price.28 on Thursday, a day after Musk told analysts on a conference call that the weakness in China and Europe was causing demand to be "a little harder than it otherwise would be." Register now for FREE unlimited access to Reuters. As the company’s largest individual shareholders, Spiegel and Murphy are among the key beneficiaries of Snap’s plans to buy back stock, which usually leads to a boost in the stock price.com Register At least six brokerages lowered their price targets on the stock, with Tesla bull Wedbush Securities making the biggest cut of $60 to bring its price target to $300. I can wait. Tesla's third-quarter revenue on Wednesday missed analysts' estimates . Spiegel alone can exercise voting control over a majority of our outstanding capital stock. And of course, to fly. While Musk told analysts that Tesla has "excellent demand" for the current quarter, the EV maker said it would miss its annual delivery target due to limited transportation capacity. Earlier this month, Tesla said it delivered a record 343,830 EVs in the latest quarter. On Thursday, the company ended regular trading hours with a market capitalization of around $17. — MychaelP (@MP_InTheMoney) We don't even have the CT yet, Gary. But not only did that miss analysts estimates of 359,162, it also fell short of Tesla's production of 365,923, a rarity for the automaker whose deliveries have been higher or similar to production in many of recent quarters. Musk flip-flopped on demand during a July conference call, saying at first that macroeconomic uncertainty might have some impact on demand for its electric vehicles, but when pressed for details by an analyst, he said the company did not have a demand problem but a production problem. Besides protecting themselves and their investment, Snap’s executives have shown little ability to head off big issues, nor offer any worthwhile solutions to the current ad downturn. Musk said he had a "super bad feeling" about the economy and that Tesla needed to cut about 10% of staff, according to a June email seen by Reuters. I'm still holding shares but being down over 50% for a company with huge numbers is quite odd.N) . Later, he said the reduction would apply only to salaried workers. Snap appears to be in a steady revenue slowdown, from its peak growth of 116% in the June 2021 quarter. Tesla shares have lost more than a third of their value so far this year. They fell as much as 9% to hit a 16-month low on Thursday. AAPL, -0. He said they weren’t at all worried about demand. "The results will likely add to debates about demand destruction that ensued after 3Q deliveries tracked -5% below company-compiled consensus," JP Morgan said in a report. Reuters Graphics Tesla missed automotive gross margin expectations on Wednesday, as costs to ramp up production at its new factories in Berlin and Austin weighed. Top executives didn’t seem to see any of those challenges coming early enough, and did not do enough about them once they did. Alef estimates a driving range of 200 miles (322 km) and a flight range of 100 miles. "The bullish narrative is clearly hitting a rough patch as Tesla must now prove again to the Street that the robust growth story is running into a myriad of logistics issues as opposed to demand softening," Wedbush analyst Daniel Ives said. Register now for FREE unlimited access to Reuters. The competition factor, mostly from China’s TikTok, was addressed briefly on the company’s call with analysts, but was not really acknowledged by Snap leaders.com Register Reporting by Tiyashi Datta, Akash Sriram and Ann Maria Shibu in Bengaluru and Hyunjoo Jin in San Francisco; Editing by Shounak Dasgupta, Matthew Lewis and Savio D'Souza Our Standards: .