Tesla Stock Losses Top $575 Billion As ‘Investor Patience Wears Thin’ With Elon Musk’s Twitter ‘Circus Show’

Shares of Tesla sank to an 11-month low on Tuesday after a bearish analyst note tacked on to a flurry of concerns for the electric-vehicle maker and high-profile chief Elon Musk—even as one of the firm’s staunchest bulls doubled down on its massive investment.

Tesla stock fell 7% to $628 on Tuesday, pushing the stock down nearly 49% from its all-time high in November and wiping over $30 billion from Tesla’s market capitalization, which has fallen to $650 billion from a peak of more than $1.2 trillion.

Prompting the steep decline, Daiwa analyst Jairam Nathan on Tuesday morning lowered his price target for Tesla shares to $800 from $1,150—telling clients Covid lockdowns in Shanghai, where the electric-vehicle maker operates its so-called Gigafactory, as well as supply issues impacting its Austin and Berlin plants, will cut deeper into earnings than previously expected.

Nathan forecasts the headwinds will push deliveries this year down by 180,000 vehicles, meaning Tesla will deliver 1.2 million vehicles this year, as opposed to the 1.4 million units previously expected.

The note comes one day after Wedbush analyst Dan Ives cautioned Twitter’s shareholder meeting this week will “surely kick off some more fireworks” between Musk and the social media firm’s board, adding to the “major overhang” as investors worry the proposed takeover could divert his attention from Tesla.

“Tesla investor patience is wearing very thin,” Ives said about the resulting back and forth, with Musk suggesting he’ll lower his offer due to concerns about bots on Twitter, while the company’s board says it won’t alter the deal.

Despite the bearishness, Ark Invest, the New York City investment firm helmed by famed stock-picker Cathie Wood, disclosed it bought $10 million in Tesla shares on Tuesday—adding to its stake for the first time since February less than a week after the stock lost its top spot on Ark’s flagship fund to streaming giant Roku.

“This [takeover] circus show has been a major overhang on Tesla’s stock and has been a black eye for Musk so far,” Ives said Monday, adding that “major market pressure for tech stocks” has only added to the uncertainty.

Shares of Tesla have racked up big losses since Musk suggested he would sell about 10% of his stake in November, with prices only collapsing further as the broader market struggles in the face of rising interest rates. Adding to concerns for Tesla, however, “the worst supply chain crisis seen in modern history” has threatened the firm’s production in highly profitable China, notes Ives.

The tech-heavy Nasdaq has plummeted 29% this year. Tesla, meanwhile, has plunged 47%. Even though its stock has struggled, Tesla reported its most profitable quarter in company history last month, posting $3.3 billion in first-quarter income fueled by record deliveries. $199 billion. That’s how much 50-year-old Musk, the world’s richest person, is worth, according to Forbes.

Source: Tesla Stock Losses Top $575 Billion As ‘Investor Patience Wears Thin’ With Elon Musk’s Twitter ‘Circus Show’

Critics by

Taking over Twitter may be good for Elon Musk, but it hasn’t been good for Tesla’s shares. One day after Twitter announced it had accepted Musk’s $44 billion takeover bid, Tesla shares sank 12.2%, wiping out more than $125 billion off the electric vehicle maker’s market value. The falls come as Wall Street fretted about how the deal could impact the electric vehicle maker and its stock price.

When Musk announced he had secured the money to finance the transaction, he said he would cover $21 billion himself, with banks helping finance the other half. What remains unclear is how he will come up with that money — whether he will sell some of the Tesla shares he owns, borrow against them, bring in additional investors, or all three.

There is also growing concern about whether owning Twitter would bring him into conflict over free speech with the government in China, a key market for Tesla where the auto maker also has significant production. On top of that, there is the risk Musk could become distracted by his latest acquisition. Musk is the CEO of Tesla and Space-X and is involved with other business ventures such as Neuralink, which develops brain implant technology, as well as The Boring Company, which makes tunnels.

If Musk does offload some of those holdings, it could drive Tesla’s share price down further. This is something the company warned investors about in its latest annual report, filed in February with the U.S. Securities and Exchange Commission. “If Elon Musk were forced to sell shares of our common stock that he has pledged to secure certain personal loan obligations, such shares could cause our stock price to decline,” the company wrote.

Further reading

Elon Musk Goes On The Attack After Tesla Cut From S&P ESG Index

Tesla Stock Plunge Wipes Out $128 Billion In Value As Twitter Deal Sparks Fears

Tesla’s Cybertruck has become the butt of every internet joke”

Tesla Battery Day recap: Major announcements include Model S Plaid and a $25,000 EV

Tesla Cybertruck may be unsafe for other road users, says Australian safety chief

Elon Musk confirms Tesla’s ‘Cyberquad’ as a Cybertruck accessory”. Engadget

Tesla boasts about electric car deliveries, plans for sedan”

Supply Agreement for Products and Services

Elon Musk: On the Roadster to Mars

Musk Sees Tesla’s Future: Trucks, Transit and Solar in a Push to Sustainability”

Elon Musk Confirms Tesla Minibus Built on Model X Chassis”

Elon Musk hints Tesla may not build a bus after all

Elon Musk was almost killed on a motorcycle, so Tesla will never build them

Elon Musk says Tesla’s next-gen Model 4 will be affordable for everyone

Tesla compact hatchback to launch within five years”

More Remote Working Apps:

https://quintexcapital.com/?ref=arminham     Quintex Capital

https://www.genesis-mining.com/a/2535466   Genesis Mining

 http://www.bevtraders.com/?ref=arminham   BevTraders

https://www.litefinance.com/?uid=929237543  LiteTrading

https://jvz8.com/c/202927/369164  prime stocks

  https://jvz3.com/c/202927/361015  content gorilla

  https://jvz8.com/c/202927/366443  stock rush  

 https://jvz1.com/c/202927/373449  forrk   

https://jvz3.com/c/202927/194909  keysearch  

 https://jvz4.com/c/202927/296191  gluten free   

https://jvz1.com/c/202927/286851  diet fitness diabetes  

https://jvz8.com/c/202927/213027  writing job  

 https://jvz6.com/c/202927/108695  postradamus

https://jvz1.com/c/202927/372094  stoodaio

 https://jvz4.com/c/202927/358049  profile mate  

 https://jvz6.com/c/202927/279944  senuke  

 https://jvz8.com/c/202927/54245   asin   

https://jvz8.com/c/202927/370227  appimize

 https://jvz8.com/c/202927/376524  super backdrop

 https://jvz6.com/c/202927/302715  audiencetoolkit

 https://jvz1.com/c/202927/375487  4brandcommercial

https://jvz2.com/c/202927/375358  talkingfaces

 https://jvz6.com/c/202927/375706  socifeed

 https://jvz2.com/c/202927/184902  gaming jobs

 https://jvz6.com/c/202927/88118   backlink indexer

https://jvz3.com/c/202927/370472  tubeserp  

https://jvz4.com/c/202927/343405  PR Rage  

https://jvz6.com/c/202927/371547  design beast  

https://jvz3.com/c/202927/376879  commission smasher

 https://jvz2.com/c/202927/376925  MT4Code System

https://jvz6.com/c/202927/375959  viral dash

https://jvz1.com/c/202927/376527  coursova

 https://jvz4.com/c/202927/144349  fanpage

https://jvz1.com/c/202927/376877  forex expert  

https://jvz6.com/c/202927/374258  appointomatic

https://jvz2.com/c/202927/377003  woocommerce

https://jvz6.com/c/202927/377005  domainname

 https://jvz8.com/c/202927/376842  maxslides

https://jvz8.com/c/202927/376381  ada leadz

https://jvz2.com/c/202927/333637  eyeslick

https://jvz1.com/c/202927/376986  creaitecontentcreator

https://jvz4.com/c/202927/376095  vidcentric

https://jvz1.com/c/202927/374965  studioninja

https://jvz6.com/c/202927/374934  marketingblocks https://jvz3.com/c/202927/372682  clipsreel  

https://jvz2.com/c/202927/372916  VideoEnginePro

https://jvz1.com/c/202927/144577  BarclaysForexExpert

https://jvz8.com/c/202927/370806  Clientfinda

https://jvz3.com/c/202927/375550  Talkingfaces

https://jvz1.com/c/202927/370769  IMSyndicator

https://jvz6.com/c/202927/283867  SqribbleEbook

https://jvz8.com/c/202927/376524  superbackdrop

https://jvz8.com/c/202927/376849  VirtualReel

https://jvz2.com/c/202927/369837  MarketPresso

https://jvz1.com/c/202927/342854  voiceBuddy

https://jvz6.com/c/202927/377211  tubeTargeter

https://jvz6.com/c/202927/377557  InstantWebsiteBundle

https://jvz6.com/c/202927/368736  soronity

https://jvz2.com/c/202927/337292  DFY Suite 3.0 Agency+ information

https://jvz8.com/c/202927/291061  VideoRobot Enterprise

https://jvz8.com/c/202927/327447  Klippyo Kreators

https://jvz8.com/c/202927/324615  ChatterPal Commercial

https://jvz8.com/c/202927/299907  WP GDPR Fix Elite Unltd Sites

https://jvz8.com/c/202927/328172  EngagerMate

https://jvz3.com/c/202927/342585  VidSnatcher Commercial

https://jvz3.com/c/202927/292919  myMailIt

https://jvz3.com/c/202927/320972  Storymate Luxury Edition

https://jvz2.com/c/202927/320466  iTraffic X – Platinum Edition

https://jvz2.com/c/202927/330783  Content Gorilla One-time

https://jvz2.com/c/202927/301402  Push Button Traffic 3.0 – Brand New

https://jvz2.com/c/202927/321987  SociCake Commercial

https://jvz2.com/c/202927/289944  The Internet Marketing

 https://jvz2.com/c/202927/297271  Designa Suite License

https://jvz2.com/c/202927/310335  XFUNNELS FE Commercial 

https://jvz2.com/c/202927/291955  ShopABot

https://jvz2.com/c/202927/312692  Inboxr

https://jvz2.com/c/202927/343635  MediaCloudPro 2.0 – Agency

 https://jvz2.com/c/202927/353558  MyTrafficJacker 2.0 Pro+

https://jvz2.com/c/202927/365061  AIWA Commercial

https://jvz2.com/c/202927/357201  Toon Video Maker Premium

https://jvz2.com/c/202927/351754  Steven Alvey’s Signature Series

https://jvz2.com/c/202927/344541  Fade To Black

https://jvz2.com/c/202927/290487  Adsense Machine

https://jvz2.com/c/202927/315596  Diddly Pay’s DLCM DFY Club

https://jvz2.com/c/202927/355249  CourseReel Professional

https://jvz2.com/c/202927/309649  SociJam System

https://jvz2.com/c/202927/263380  360Apps Certification

 https://jvz2.com/c/202927/359468  LocalAgencyBox

https://jvz2.com/c/202927/377557  Instant Website Bundle

https://jvz2.com/c/202927/377194  GMB Magic Content

https://jvz2.com/c/202927/376962  PlayerNeos VR

 

TV Boss Fire Your Business TV Audience Channel Capture

TV Boss, which allows you to launch and manage your own TV channel on Roku, the world’s leading provider of TV on-demand, and get in front of the audience of 44.6 million viewers in US alone. BUT There’s a battle going down…Before only Roku was “doable” But Now… AMAZON FIRE is here… Amazon doesn’t have more devices in homes.. BUT, Amazon have the potential to…

Before only Roku was “doable” Amazon are late to the party, and it’s a battle between them to be #1! We know Amazon.. We know their potential.. So we’re allowing people to capitalize!

For TV channel owners, it means being recognized as the industry leader, easy income via TV ads, and traffic – depending on niche 3,500 to over 10,000 viewers in the first month alone with NO marketing.

How does it work? Well TVBoss FIRE lets you launch BOTH the Roku channels AND Amazon Fire TV channels, and manage the content of your TV program, and assign your videos into multiple categories! AND VERY EASILY! ONE CLICK UPDATES YOUR TV PROGRAM ON BOTH ROKU AND AMAZON FIRE TV!

Amazon Fire viewers are starved of good content so it’s just like the early days of YouTube! A ‘Firestick’ is a device (made by the company Amazon) that streams media (shows, movies, and even music) from the Internet to your TV.

The devices require minimal setup and connect to the Internet the same way your PC does. Roku media streaming devices incorporate an operating system (OS) that allows users to access and manage internet streaming content.

TVBoss Fire is the greatest creation of the C-Point team that’s been going since back in 1989 up until today!!

The team behind TV Boss also created the well known, highly loved and top quality product, WP Dev Suite which did over 6 figures in 2018  along with SUPER HIT, TVBoss another six figure launch.

TV Boss Fire is a product like no other and highly affordable!

With TV boss Fire  you can create your own TV channel allowing you to benefit in many ways, whether you want to be on TV or have someone else represent you..

With TVBoss for roku, we SMASHED it.. Nows the time for you to help us smash this next one!

$8000+ Prizes – The best commission pool on a full funnel with followups and a highly useful product for your customers THAT WORKS!

Whether you want to create your own content or use someone else’s

When we tested TVBoss for Roku.. And was being tested on the first version, this amazing software generated 25,000 dollars in ad revenue!

We also had Built a list of over 200,000+ channel subscribers and all from using someone else’s videos from YouTube!

Imagine what TVBoss Fire will do!

7 Great Reasons To Promote TV Boss Fire

  • PROVEN PRODUCT– the original TV Boss for Roku did WELL over 6 figures – this new version INCLUDES Amazon Fire and we expect to
    TRIPLE those stats
  • PROVEN FUNNEL – stacked with high value, logical upgrades your subscribers will love, to maximize your commissions per sale
  • RECURRING COMMISSIONS – bank MONTHLY with recurring built into the funnel – including a recurring option on the front-end
  • TOP CONVERTING COPY – all sales pages written by an 8 figure copywriter who’s behind over 85 POTDs
  • MASSIVE RETARGETING – we’ll retarget with raw links to convert more of your prospects into buyers – and YOU get the commission
  • HUGE SUPPORT – both Matt and I are here to help make this one of your BEST promos of the year
  • CUSTOM Bonus Pages – see below to have your very own bonus page generated for you

Source: http://tvboss.net

%d bloggers like this: