Tesla is the worst performing stock in the S&P 500. Analysts say it has further to fall

[Leongsam]

For a direct comparison, most parents will still want to have the final say on what their children can and cannot do until at least they have turned 21 years old. No?

Most parents rightly want to have control over what sort of values are imparted to their offspring during the formative years. However parents' rights are also under siege in many so called Western "democracies" with the state trying to ride roughshod over the the wishes of parents by introducing legislation which makes it illegal for parents to intervene in various aspects of a child's upbringing.

Make no mistake much of the Western world has lost its independence and it is the globalists that are calling the shots because it is the global elite that stand to benefit from the policies they are implementing eg open borders, compulsory medical procedures, gender fluidity etc.

I can agree with you that no government can totally tolerate "Freedom of Speech". Otherwise, what is the word "governance" means? This is the kind of world which we live in and will have to accept it.

Governance has to be by the consent of the people for a country to be classified as a democracy. Once people fear the government we'll end up with the situation we have in Singapore. I'm not saying that is necessarily a bad thing. Under LKY Singapore benefited immensely because we were lucky enough to have an authoritarian leader who was relatively benign. However there is no guarantee against a murderous monster one day inheriting the throne.

 

[winners]

Why do I say Tesla's future looks gloomy?

a. Their Giga factories in Berlin and China will become a liability especially if they are only utilized at less than 70% capacity. Factories cannot allow their production plants running at such low capacities. Ideally, they should be at 90% capacity with the remaining 10% time for regular maintenance works. And what's the use of over production when you don't have so many buyers, thus creating a great imbalance between supply and demand? This is exactly the same scenario which China is now facing and it has no other choice but to export their productions (EVs, solar cells, steel, etc) worldwide, causing much retaliations everywhere. To make matters worse is the new extension (under construction now) next to their China Giga factory. I don't know how are they going to cope when it is ready for production or will it be eventually sold to the next Chinese manufacturer at a heavy loss, just like what happened to the Hyundai Chongqing plant in China.

b. What will happen should Trump takes over as POTUS come November 2024? Trump is never an advocate of clean energy and this is not going to be good for EV manufacturers.

c. With China's improvements, it's only a matter of time when Chinese EVs will improve on their build quality (except for Autonomous driving and its related softwares) and will catch up with Tesla. Not that I'm praising Chinese vehicles, already, how many Chinese vehicles have been sold worldwide presently as compared to just 5 years ago where almost everyone will spit on their quality and reliability. After all, this was also how Japan nourished and grew their automobile sector back in the 70s.

Yes, some of you may disagree with me. Do come back 1 year from now and we'll see how it will evolve.

 

[syed putra]

 

[Leongsam]

 

[Leongsam]

 

[Leongsam]

 

[eatshitndie]

i’ll buy a model x if range hits 699 miles with new solid state batteries. right now a loaded x sells for us$120k with 369 miles in range on a full charge. just nice for a 69-minute stop at harris ranch between sf and sd (699 miles).

 

[winners]

Nothing spectacular. Back in the late 90s, I've already witnessed a MITSUBISHI robot at the JIMTOF Expo which can even picked up randomly thrown dices, recognize and thereafter, placing them corresponding to the numerical lots allocated to the numbers on the dice. At the same time, there was also another MITSUBISHI robot demonstrating the painting process on the curvature of a CRT tube with a painting brush.

 

[Eisenhut]

I only impressed if robot can make love to me

 

[Hypocrite-The]

i’ll buy a model x if range hits 699 miles with new solid state batteries. right now a loaded x sells for us$120k with 369 miles in range on a full charge. just nice for a 69-minute stop at harris ranch between sf and sd (699 miles).

Why don't U but the Lexus or Toyota plug in hybrid..? More suited for your needs...it's cheaper and have better resale than a Tesla

 

[Leongsam]

 

[Leongsam]

Let's do a recap of what was said at the start of this thread...

 

[Leongsam]

1 Wall Street Analyst Thinks Tesla Stock Is Going to $125. Is It a Sell?​

By Howard Smith – Mar 13, 2024 at 10:12AM

Key Points

• 
  
  While sales grew last year, Tesla's profit margin and free cash flow sank.
• 
  
• 
  
  The analyst predicts Tesla won't grow vehicle sales for the next two years.

• 
  
  Motley Fool Issues Rare “All In” Buy Alert

​

Tesla is no longer a magnificent stock, according to a Wells Fargo analyst.


Tesla (TSLA 5.93%) did its part in the "Magnificent Seven" in 2023, playing an outsized role along with the other six stocks in driving the market higher. In 2024, its role appears much diminished as the stock is down. It might have even further to fall in the near term as sentiment about Tesla is turning negative. Wells Fargo analyst Colin Langan recently downgraded the stock to the equivalent of a sell rating and cut his firm's price target to $125.

Langan previously had a hold rating on Tesla with a price target of $200 per share. Tesla shares have already dropped roughly 30% in 2024 as lagging demand and competition for electric vehicle (EV) buyers have eroded profits.

​

Is it time to sell Tesla?​

If Langan is right, Tesla shares will reach a level last seen in January 2023. While Tesla continued to ramp up production and sales during 2023, it was also a year of rising competition. That led to price reductions on its electric cars to help spur sales. The result was higher revenue as volume grew compared to 2022, but lower profit margin and free cash flow.


Langan and his team think that trend will continue in 2024. In a note to clients, he wrote "We expect volume to disappoint as price cuts are having a diminishing impact on demand." He believes the result will be lower-than-expected vehicle deliveries and sees 2024 net earnings coming in more than 30% below current analyst estimates.


Most notable is the fact that the analyst now sees vehicle delivery volume flat in 2024 versus 2023. Tesla delivered about 1.8 million EVs last year. Langan also projects that level will remain the same for 2025 as well.



If those projections turn out to be accurate, it's likely that he will be proven right that Tesla stock can drop another 28% from its current level.

NASDAQ: TSLA​

 

[sbfuncle]

1 Wall Street Analyst Thinks Tesla Stock Is Going to $125. Is It a Sell?​

By Howard Smith – Mar 13, 2024 at 10:12AM

Key Points

• 
  
• 
  
  While sales grew last year, Tesla's profit margin and free cash flow sank.
• 
  
• 
  
  The analyst predicts Tesla won't grow vehicle sales for the next two years.
• 
  
• 
  
  Motley Fool Issues Rare “All In” Buy Alert

​

Tesla is no longer a magnificent stock, according to a Wells Fargo analyst.


Tesla (TSLA 5.93%) did its part in the "Magnificent Seven" in 2023, playing an outsized role along with the other six stocks in driving the market higher. In 2024, its role appears much diminished as the stock is down. It might have even further to fall in the near term as sentiment about Tesla is turning negative. Wells Fargo analyst Colin Langan recently downgraded the stock to the equivalent of a sell rating and cut his firm's price target to $125.

Langan previously had a hold rating on Tesla with a price target of $200 per share. Tesla shares have already dropped roughly 30% in 2024 as lagging demand and competition for electric vehicle (EV) buyers have eroded profits.

​

Is it time to sell Tesla?​

If Langan is right, Tesla shares will reach a level last seen in January 2023. While Tesla continued to ramp up production and sales during 2023, it was also a year of rising competition. That led to price reductions on its electric cars to help spur sales. The result was higher revenue as volume grew compared to 2022, but lower profit margin and free cash flow.


Langan and his team think that trend will continue in 2024. In a note to clients, he wrote "We expect volume to disappoint as price cuts are having a diminishing impact on demand." He believes the result will be lower-than-expected vehicle deliveries and sees 2024 net earnings coming in more than 30% below current analyst estimates.


Most notable is the fact that the analyst now sees vehicle delivery volume flat in 2024 versus 2023. Tesla delivered about 1.8 million EVs last year. Langan also projects that level will remain the same for 2025 as well.



If those projections turn out to be accurate, it's likely that he will be proven right that Tesla stock can drop another 28% from its current level.

NASDAQ: TSLA​

View attachment 211172

Don't need to hear all these experts to tell cow bull analysis.
Smart people avoid all these analysis and do their own.
Eg I just show the latest bet I have placed and also the last match sg pool has opened as of now, as there were far too many to show. All were fixed, including tesla shares.
The crux of the matter lies in whether we place our bets before or after we know the fixes.

Ft 0-2

 

[Devil Within]

1 Wall Street Analyst Thinks Tesla Stock Is Going to $125. Is It a Sell?​

By Howard Smith – Mar 13, 2024 at 10:12AM

Key Points

• 
  
• 
  
  While sales grew last year, Tesla's profit margin and free cash flow sank.
• 
  
• 
  
  The analyst predicts Tesla won't grow vehicle sales for the next two years.
• 
  
• 
  
  Motley Fool Issues Rare “All In” Buy Alert

​

Tesla is no longer a magnificent stock, according to a Wells Fargo analyst.


Tesla (TSLA 5.93%) did its part in the "Magnificent Seven" in 2023, playing an outsized role along with the other six stocks in driving the market higher. In 2024, its role appears much diminished as the stock is down. It might have even further to fall in the near term as sentiment about Tesla is turning negative. Wells Fargo analyst Colin Langan recently downgraded the stock to the equivalent of a sell rating and cut his firm's price target to $125.

Langan previously had a hold rating on Tesla with a price target of $200 per share. Tesla shares have already dropped roughly 30% in 2024 as lagging demand and competition for electric vehicle (EV) buyers have eroded profits.

​

Is it time to sell Tesla?​

If Langan is right, Tesla shares will reach a level last seen in January 2023. While Tesla continued to ramp up production and sales during 2023, it was also a year of rising competition. That led to price reductions on its electric cars to help spur sales. The result was higher revenue as volume grew compared to 2022, but lower profit margin and free cash flow.


Langan and his team think that trend will continue in 2024. In a note to clients, he wrote "We expect volume to disappoint as price cuts are having a diminishing impact on demand." He believes the result will be lower-than-expected vehicle deliveries and sees 2024 net earnings coming in more than 30% below current analyst estimates.


Most notable is the fact that the analyst now sees vehicle delivery volume flat in 2024 versus 2023. Tesla delivered about 1.8 million EVs last year. Langan also projects that level will remain the same for 2025 as well.



If those projections turn out to be accurate, it's likely that he will be proven right that Tesla stock can drop another 28% from its current level.

NASDAQ: TSLA​

View attachment 211172

If these "Analyst" are of any good, they would have became billionaires. Maybe tossing a coin to buy or sell is much better than these "analyst".

 

[Leongsam]

Why do I say Tesla's future looks gloomy?

a. Their Giga factories in Berlin and China will become a liability especially if they are only utilized at less than 70% capacity. Factories cannot allow their production plants running at such low capacities. Ideally, they should be at 90% capacity with the remaining 10% time for regular maintenance works. And what's the use of over production when you don't have so many buyers, thus creating a great imbalance between supply and demand? This is exactly the same scenario which China is now facing and it has no other choice but to export their productions (EVs, solar cells, steel, etc) worldwide, causing much retaliations everywhere. To make matters worse is the new extension (under construction now) next to their China Giga factory. I don't know how are they going to cope when it is ready for production or will it be eventually sold to the next Chinese manufacturer at a heavy loss, just like what happened to the Hyundai Chongqing plant in China.

b. What will happen should Trump takes over as POTUS come November 2024? Trump is never an advocate of clean energy and this is not going to be good for EV manufacturers.

c. With China's improvements, it's only a matter of time when Chinese EVs will improve on their build quality (except for Autonomous driving and its related softwares) and will catch up with Tesla. Not that I'm praising Chinese vehicles, already, how many Chinese vehicles have been sold worldwide presently as compared to just 5 years ago where almost everyone will spit on their quality and reliability. After all, this was also how Japan nourished and grew their automobile sector back in the 70s.

Yes, some of you may disagree with me. Do come back 1 year from now and we'll see how it will evolve.

Hey genius what's your take on Tesla stock hitting an all time high? As you pointed out Trump is not an advocate for clean energy yet Tesla's spectacular rise gained even further momentum after Trump won the Presidency.

I'm back after 8 months to see how things are evolving and they aren't going as you suggested.

 

[Leongsam]

 

[Leongsam]

 

[winners]

Hey genius what's your take on Tesla stock hitting an all time high? As you pointed out Trump is not an advocate for clean energy yet Tesla's spectacular rise gained even further momentum after Trump won the Presidency.

I'm back after 8 months to see how things are evolving and they aren't going as you suggested.

Tesla is an overhype company. Elon is given the post to lead the government efficiency drive by Trump, but in actual fact, Elon is being overshadowed by that Vivek Ramaswamy, who is going to work hand-in-hand with Elon. Trump's cabinet consists mainly of only those who are loyal to him, but not the relevant experience they can bring in.

Yes, Elon knows how to suck up to Trump, but do you really believe that Trump will go according to his wishes? Trump is an old cunning fox and I'm sure he's not going to listen to Elon without scrutiny. Come back in one and a half years or two years from now and we'll debate over this issue again.

Unless Tesla can truly make their cars compatibly cheaper in price to the Chinese makers, I doubt Tesla can survive profitably for the next 5 years. Blah Blah Blah, I know you'd invested US$100k in Tesla and made 2x out of it. Good for you if you are holding Tesla shares.

 

[syed putra]

Tesla is an overhype company. Elon is given the post to lead the government efficiency drive by Trump, but in actual fact, Elon is being overshadowed by that Vivek Ramaswamy, who is going to work hand-in-hand with Elon. Trump's cabinet consists mainly of only those who are loyal to him, but not the relevant experience they can bring in.

Yes, Elon knows how to suck up to Trump, but do you really believe that Trump will go according to his wishes? Trump is an old cunning fox and I'm sure he's not going to listen to Elon without scrutiny. Come back in one and a half years or two years from now and we'll debate over this issue again.

Unless Tesla can truly make their cars compatibly cheaper in price to the Chinese makers, I doubt Tesla can survive profitably for the next 5 years. Blah Blah Blah, I know you'd invested US$100k in Tesla and made 2x out of it. Good for you if you are holding Tesla shares.

I am not sure if it's trump who gets to choose his entire cabinet. Maybe some but not all