Tesla stock

The company, spearheaded by chief Twit Elon Musk, has seen its stocks slide precipitously through 2022. Musk, who holds a large amount of Tesla stock, has lost ...

Secondly, Tesla announced it was stopping production in China due to a fresh onslaught of Covid cases. The used Teslas were in dealer inventory for 50 days on average in November, compared with 38 days for all used cars. Competition is also hotting up in the US. But that’s nothing compared to the drop in value of the overall company. Firstly, price fluctuations in the US mean that Teslas, particularly used ones, aren’t being sold like they used to be. It may be easy to point the finger at Musk himself.

Yahoo Finance Live anchors Pras Subramanian and Seana Smith examine Tesla shares after EV production concerns arise from China. At this point ...

Tesla's stock is on a downward trend, which could persist into 2023. Several factors are contributing to Tesla's (TSLA 4.27%) stock price crash. This video will ...

And the team just revealed their 10 Best Buys Now. 24, 2022. This video will answer if Tesla's stock could fall below $100 per share.

Electric car maker's market cap has fallen by more than the combined value of all other car makers globally.

Other bad news for the world’s biggest car manufacturer includes [a new law in California](https://www.independent.co.uk/tech/tesla-elon-musk-self-driving-ban-b2252223.html) that will ban Tesla from advertising its vehicles as ‘fully self-driving’. “Instead Musk is laser-focused on Twitter which has been an ongoing nightmare that never ends for investors.” The losses leave the electric car maker’s market cap below $350 billion, having been valued above $1.23 trillion just over one year ago. To put this in context, this loss is more than the combined value of all other car makers globally. [fell by more than $16](https://twitter.com/Stu02Duncan/status/1607904402823602178), representing nearly $52 billion in market cap – more than Mr Musk paid for Twitter in October. Electric car maker’s market cap has fallen by more than the combined value of all other car makers globally

After rallying early Wednesday, shares of Elon Musk's EV company gave up gains to trade mostly flat by midday.

[Musk's net worth has shrunk](https://markets.businessinsider.com/news/stocks/musk-bezos-billionaires-wealth-tech-stock-market-fed-inflation-recession-2022-12?utm_medium=ingest&utm_source=markets) by an astounding $140 billion, slashing his wealth to $130 billion as of Tuesday's market close, according to the [Bloomberg Billionaires Index](https://www.bloomberg.com/billionaires/). In December alone, losses are at nearly 40%, with the year-to-date decline tracking at almost 70%. Shares rallied about 3% early in the session, then gave up gains to trade briefly in negative territory. [production slowdown](https://markets.businessinsider.com/news/stocks/tesla-stock-price-elon-musk-ev-maker-shanghai-factory-twitter-2022-12?utm_medium=ingest&utm_source=markets) through the end of January. [Wedbush's Dan Ives slashed his price target on Tesla to $175 from $250](https://markets.businessinsider.com/news/stocks/elon-musk-tesla-stock-outlook-price-target-175-twitter-2022-12?utm_medium=ingest&utm_source=markets) and said "Musk is viewed as 'asleep at the wheel' from a leadership perspective for Tesla at the time investors need a CEO to navigate this Category 5 storm." [Tesla](https://markets.businessinsider.com/stocks/tsla-stock?utm_medium=ingest&utm_source=markets) stock has seen seven consecutive down sessions, and if shares close lower Wednesday it would mark the eighth straight drop and the longest slump on record.

Tesla stock looked to rebound after its worst one-day loss in nearly a year. Despite the drop, analysts remain bullish on the EV giant.

Last week, Ives cut his Tesla stock price target to 175 from 250, keeping an "outperform" rating for the shares. [Tesla Stock 2023: EV Giant Faces Big Challenges In Its Two Megamarkets](https://www.investors.com/news/tesla-stock-2023-forecast-reveals-a-tale-of-two-challenging-ev-megamarkets/) That puts the target more than 130% above Tuesday closing price, and Kallo touted Tesla as a "Best Idea" stock for investors in 2023. Ives, a longtime Tesla bull, has recently and repeatedly expressed his concern with CEO Elon Musk. [six analysts cut price targets](https://www.investors.com/news/tesla-stock-rallies-on-musk-comments-analysts-downgrade-ev-giant/) on TSLA shares. 1 Industry Leader Near Breakout With 364% Growth](https://www.investors.com/research/ibd-stock-analysis/management-consulting-firm-resources-connection-nears-buy-point-on-364-earnings-growth/) [Get An Edge In The Stock Market With IBD Digital](https://get.investors.com/ibd/?src=APA1BQ) [Headwinds Abound: How Will Tesla Weather The Storm In 2023](https://www.investors.com/news/tesla-stock-2023-forecast-reveals-a-tale-of-two-challenging-ev-megamarkets/) [Lithium Stocks 2023: A Cartel On The Horizon?](https://www.investors.com/news/lithium-stocks-outlook-is-a-price-cartel-on-the-horizon-in-2023/) [Oil Markets In Flux As Embargo Deepens; China, India Demand Russian Discounts](https://www.investors.com/news/oil-markets-in-flux-as-embargo-deepens-china-india-demand-russian-discounts/) Kallo said investors should not be overly concerned with weakening demand early in 2023. On Wednesday, Baird Equity Research's Ben Kallo cut his Tesla price target to 252, down from 316. "It would be easy for us (and other bulls) to throw in the towel here and view the near-term headwinds as too fierce to overcome for the stock to work in 2023," Ives wrote. The analyst wrote that around 70% of the recent Tesla stock sell-off is due to the reaction to Musk and Twitter. [news cycle surrounding him](https://www.investors.com/news/tesla-stock-rises-as-musk-pledges-twitter-exit-two-possible-candidates/) is hurting Tesla investors. [Wednesday's market trade](https://www.investors.com/market-trend/stock-market-today/stock-market-today-market-trends-best-stocks-buy-watch/).

Baird analyst Ben Kallo argues that Tesla has several positive catalysts in the near term that make the stock a 'Best Idea' for next year.

The stock’s decline this year can be attributed to quite a few reasons, including production issues in [China](https://www.barrons.com/articles/tesla-shanghai-plant-tsla-stock-elon-musk-51671896103?mod=md_stockoverview_news), [demand](https://www.barrons.com/articles/tesla-ev-stock-delivery-nio-51672163990?mod=article_inline) concerns, rising competition, and of course, Chief Executive Elon Musk’s takeover of social media platform ](https://www.barrons.com/market-data/stocks/tsla) (ticker: TSLA) dropped to a [two-year low](https://www.barrons.com/articles/what-to-know-today-51672216064?mod=md_stockoverview_news).

On Wednesday, Baird analyst Ben Kallo reiterated an Outperform rating on Tesla stock with a price target of $252. Kallo slashed his price target from $316, ...

Tesla shares finished higher today, snapping a brutal 7-day losing streak for the stock. It's a brief respite for investors however, with the stock down ...

Shares in the electric vehicle maker are down nearly 70 per cent since the start of the year.

Its share dropped to 71 per cent in 2021 and has continued to decline, according to data from S&P Global Mobility. and China," Ives wrote. Still, electric vehicle models from other automakers are starting to chip away at Tesla's dominance of the U.S. By comparison, the benchmark index is down about 20 per cent. Shares in the electric vehicle maker are down nearly 70 per cent since the start of the year, on pace to finish in the bottom five biggest decliners among S&P 500 stocks. Shares in the electric vehicle maker are down nearly 70% since the start of the year

Tesla Stock overall are facing a bear market coinciding with many recent signs of economic downturn, and even Tesla's shares.

[2022 CleanTechnica reader survey](https://www.surveymonkey.com/r/JHTQ7VK)for a chance to [win an electric bike](https://cleantechnica.com/2022/11/25/cleantechnica-reader-survey-win-an-ebike/). [Tesla shares](https://cleantechnica.com/2022/12/17/kia-ev6-tesla-model-3-nissan-leaf-most-reliable-evs-new-study/) at $156.80 per share, according to the company’s daily trading data in a report from [Yahoo Finance](https://finance.yahoo.com/news/cathie-wood-loads-tesla-stock-160910332.html). While there’s no way to predict how Tesla’s stocks will perform in the coming years, Wood’s purchase signals expectations of continued growth — even as increasing competition begins to chip away at Tesla’s dominant EV market share in the next few years. [Contact us here](https://cleantechnica.com/contact/). In any case, Tesla’s financials remain firmly intact despite the difficulty in current economic conditions, reporting $21.45 billion in revenue in Q3 for a 56 percent increase year over year. [CleanTechnica Member, Supporter, Technician, or Ambassador](https://future.cleantechnica.com/subscribe/)— or a patron on [Patreon](https://www.patreon.com/cleantechnica/). [EVANNEX](https://evannex.com/blogs/news/cathie-wood-recently-purchased-more-tesla-stock). Although it’s speculative, Yahoo Finance notes that Musk likely made the sale to help with ongoing Twitter costs, and he’s been particularly vocal about themes surrounding debt in recent weeks. Meanwhile, the Ark Innovation ETF has more than half a billion dollars in market value, following share price declines in recent months. Currently, Tesla shares make up 7 percent of the fund, still its third-largest holding. Stocks overall are facing a bear market coinciding with recent signs of economic downturn, and even Tesla’s shares haven’t been immune to the effects. [investors](https://cleantechnica.com/2022/12/21/tesla-stock-is-a-top-pick-for-morgan-stanley/) are likely to see as another good sign.

Investors can always sell some of their losers at the end of any year to generate capital losses they can then use to offset capital gains taxes generated by ...

There’s also another reason the shares have been dropping in December: [Taxes](https://www.barrons.com/topics/taxes?mod=article_inline). ](https://www.barrons.com/market-data/stocks/tsla) ‘s own [stock chart](https://www.barrons.com/articles/tesla-stock-price-51671540040?mod=article_inline), and certain choices made by CEO [Elon Musk](https://www.barrons.com/articles/elon-musk-risking-billions-twitter-legacy-51667501976?mod=article_inline).

That valuation is quite reasonable, in my view. Tesla remains the leader player in the still-young electric vehicle (EV) market. Additionally, it's a leader in ...

On Tuesday, the marque's stock dropped to to $110.55, its lowest price since September 2020. It's fueled by Musk's sloppy work at Twitter.

[banning of journalists](https://www.rollingstone.com/music/music-news/elon-musk-twitter-journalists-banned-1234648351/), penalizing [promotion of other social media accounts](https://www.rollingstone.com/music/music-news/elon-musk-twitter-journalists-banned-1234648351/) and launching Twitter Blue as a paid-verification service that artificially boosts subscribers’ content over that of non-paying users. In mid-December, Musk sold off more than [$3 billion in Tesla shares](https://www.rollingstone.com/politics/politics-news/elon-musk-sells-billions-tesla-stock-1234647923/), tacking the sale onto the more than $40 billion worth of shares he has offloaded this year. [Tesla](https://robbreport.com/tag/tesla/)’s stock reaching a 52-week peak of $402.67 in March, the 9-month decline has cost the company more than [ 800 billion in market value](https://companiesmarketcap.com/tesla/marketcap/) in the last year. The resulting chaos has lost Twitter more than [half of its top advertisers](https://www.mediamatters.org/elon-musk/less-month-elon-musk-has-driven-away-half-twitters-top-100-advertisers), and the platform is bracing to face a potential barrage of lawsuits from [former employees](https://www.businessinsider.com/twitter-wants-employees-mass-layoffs-claims-thrown-out-2022-12), [unpaid vendors](https://www.cnbc.com/2022/12/13/twitter-reportedly-hasnt-paid-rent-on-its-office-spaces-for-weeks.html) and even [international government bodies](https://www.cnbc.com/2022/12/16/eu-threatens-elon-musk-with-sanctions-after-twitter-suspends-journalists.html). Progress on that front has not been announced. [have pleaded with Musk](https://www.rollingstone.com/politics/politics-news/tesla-stock-plunges-elon-musk-bans-journalists-twitter-1234648853/) to shift his focus back to his flagship company and appoint a successor to manage [polling Twitter users ](https://www.rollingstone.com/culture/culture-news/elon-musk-resign-twitter-ceo-1234649855/)as to whether or not he should remain in charge of Twitter—and being rejected by the voters—Musk announced that he would step down as CEO of Twitter as soon as he found an adequate replacement.

Elon Musk sold $23 billion worth of Tesla shares to purchase Twitter in 2022, a contributing factor to the stock's record decline.

CFRA views Tesla as a "strong buy" and has a 12-month price target of $225 a share. The Shanghai plant accounts for the majority of Tesla's production. who is a former pilot that develops a fear of flying. And is the stock capable of turning a corner in 2023? As if being the CEO of Tesla and SpaceX wasn't enough to keep Elon Musk busy, the billionaire bought Twitter for $44 billion and became its CEO in late October. (Tesla is included in both indices.)

Shares of Tesla Inc snapped a seven-session losing streak on Wednesday, in their rare rise this month on the way to what will be the electric-vehicle ...

The stock gained 3.3% on the day. technology firms - as fears mount over slowing demand in China and top boss Elon Musk's growing distractions with Twitter. Register for free to Reuters and know the full story Short sellers borrow shares to sell them on the open market in the hope of buying them back at a cheaper price and pocketing the difference. [(AAPL.O)](https://www.reuters.com/companies/AAPL.O) and Microsoft Corp [(MSFT.O)](https://www.reuters.com/companies/MSFT.O), according to financial analytics firm S3 Partners. [(TSLA.O)](https://www.reuters.com/companies/TSLA.O) snapped a seven-session losing streak on Wednesday, in their rare rise this month on the way to what will be the electric-vehicle maker's worst year on record.

Tesla Inc. shares broke their longest losing streak in more than four years Wednesday.

+0.43% [ALGN,](/investing/stock/ALGN?mod=MW_story_quote)and SVB Financial Group -1.47% [SIVB,](/investing/stock/SIVB?mod=MW_story_quote). await the expected return of tax incentives for purchasing electric cars from Tesla in 2023, as well as They have fallen 57.5% so far in the fourth quarter, outpacing a 37.5% decline in the second quarter of this year. [GNRC,](/investing/stock/GNRC?mod=MW_story_quote). +5.58% [MTCH,](/investing/stock/MTCH?mod=MW_story_quote), Align Technology Inc. [TSLA, +3.31%](/investing/stock/TSLA?mod=MW_story_quote)stock increased 3.3% for its best daily performance in nearly a month, since Nov.

The valuation on Tesla stock has come down significantly over the last year. Is now the time to buy? Edward Sheldon takes a look.

For the first time in Tesla’s history, the company is now facing serious competition in the EV space. This issue could also continue to impact sentiment towards the stock. Given the high level of competition, Tesla is likely to lose EV market share in 2023. Tesla remains the leader player in the still-young electric vehicle (EV) market. When I looked at the investment case for Tesla this time last year, I was put off by the company’s valuation. Today however, the valuation is much lower.

On Wednesday, they appeared poised to get a small reward for their loyalty: Tesla jumped as much as 6.6% soon after the market's open.

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). [stock](/topic/stock)to keep the social-media company afloat. "For institutional investors, it's a seller's paradise when you have a buyer that is clearly not reading the fundamental signals." For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) On Wednesday, they appeared poised to get a small reward for their loyalty: Tesla jumped as much as 6.6% soon after the market's open. In fact, they've been strong buyers every day this month, driving their net purchases to record highs in both December and the fourth quarter.

When Tesla's stock begins to tick upwards there should be a flurry of short covering ... as shorter-term short sellers look to realize their outsized ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The stock gained 3.3% on the day. [Tesla](/topic/tesla)short sellers stand to book a profit of $16.94 billion, their first gain since at least 2016, compared with a $10.26 billion loss last year. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) "The shorts are piling on and the stock is way oversold here, which could drive a bounce-back rally," [CBI Proposes to Probe Criminal Conspiracy](/epaper/delhicapital/2022/dec/29/et-front/cbi-proposes-to-probe-criminal-conspiracy/articleshow/96579896.cms) [Markets Score a Hat-trick](/epaper/delhicapital/2022/dec/29/et-front/markets-score-a-hat-trick/articleshow/96580220.cms) technology firms - as fears mount over slowing demand in China and top boss Short sellers borrow shares to sell them on the open market in the hope of buying them back at a cheaper price and pocketing the difference. [Tesla Inc](/topic/tesla-inc)snapped a seven-session losing streak on Wednesday, in their rare rise this month on the way to what will be the electric-vehicle maker's worst year on record. The company, whose meteoric rise over the last few years had burned many bearish investors, is the third most shorted stock in dollar value after Apple Inc and Microsoft Corp, according to financial analytics firm S3 Partners. It is set to round off 2022 with a 68% drop - the most among the big U.S.

Tesla is the world's largest EV maker and an innovative powerhouse in areas from solar to self-driving. Read why I think TSLA stock is now a Buy.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Musk is known to have slept in Tesla's factory and is very committed to the company, but when he repeatedly sells stock, it does contradict this narrative. To increase the accuracy of the valuation, I have capitalized R&D expenses which has lifted net income. The truck is also reportedly as "easy to drive as a Model 3, with basically no training required" according to Musk. A positive for Tesla is the entire EV market is growing and thus the pie is getting bigger for all manufacturers. [TSLA](https://seekingalpha.com/symbol/TSLA)) is one of the world's largest EV makers and one of the most popular stocks in the world. Tesla ramped up its Shanghai factory production in the third quarter and its Berlin factory also produced 2,000 model Y vehicles, although still in the early stages of a full ramp. Tesla reported earnings per share of $0.95, which increased by a staggering 93.57% year over year and beat analyst estimates by $0.06. The company produces the F-150 which is the most popular vehicle sold in the U.S. In addition, Tesla customers are now [poised](https://www.pbs.org/newshour/economy/tax-credits-for-electric-vehicles-are-coming-how-will-they-work#:~:text=The%20credit%20of%20up%20to,%244%2C000%20credit%20will%20be%20available.) to benefit from a $7,500 EV tax incentive which was offered thanks to the "anti-inflation act" and should boost EV demand. [data](https://electrek.co/2022/11/29/tesla-owns-us-ev-market-but-losing-market-shares-data/) (November 2022) shows Tesla still dominates the electric vehicle market in the U.S.A, with 65% market share. In addition, to a serious amount of stock selling by founder Elon Musk (which I will discuss more on in the Risks) section.