Shulou(Shulou.com)11/24 Report--

According to news in the morning of December 21, Beijing time, the share price of Tesla, a US electric car maker, fell sharply on Tuesday, local time, to its lowest level in the past 52 weeks, closing at $139a share, down as much as 8% on the day. The US stock market went up and down on that day, and Tesla performed particularly badly.

Subsequently, Tesla CEO Musk attributed the sharp fall in share prices in part to the macroeconomic situation in the United States.

Ross Ross Gerber, a well-known US investor who has long been bullish on Tesla's share price, tweeted that Tesla's share price is an accurate valuation without the status quo of the CEO, and that the company's board of directors is doing well, but now is the time to adjust the board.

According to reports, Gabriel himself launched an informal online campaign in the hope that other Tesla investors will vote for him to join Tesla's board of directors.

Musk responded to Gabriel's tweet. He said that as guaranteed interest rates on US bank savings accounts begin to approach the returns of the US stock market (which is not guaranteed), Americans will increasingly withdraw their money from the stock market and exchange it for cash. this has led to a sharp fall in the prices of various stocks in the US stock market.

However, Tesla's share price has fallen significantly more than other big carmakers since Mr Musk announced his plans to buy Twitter in April. The data show that Tesla's share price fell as much as 59% during this period, Ford fell 26%, general motors fell 12%, and the s & p 500 index fell 14%.

As Gabriel analyzed, Mr Musk, currently chief executive of Tesla, has too many energy implications. In October, for example, Musk completed a highly leveraged merger and acquisition of Twitter, and what he did as Twitter's new owner and CEO caused a great deal of controversy. It should be pointed out that in addition to Twitter and Tesla, Musk also serves as the CEO of SpaceX, another US defense contractor and a private rocket company.

In order to complete the Twitter acquisition, Musk sold a large number of his shares in Tesla, including the latest sale of $3.6 billion of shares earlier this month.

Musk had previously told Twitter employees that he had sold Tesla's stake to save Twitter's business, but he later laid off about half of his staff on Twitter and introduced a large number of new policies (some of which were constantly changed by himself).

Since October, Musk has focused on his new position as Twitter leader, but Tesla faces a lot of challenges during this period.

Recently, Tesla began to offer price discounts and other discounts in China to stimulate sales. In addition, Tesla is also busy improving the operational efficiency of two new plants (Austin, Texas, USA, and Brandenburg, Germany).

It is reported that, like other automakers, Tesla is currently facing long-term supply chain problems. In the European market, the sharp rise in energy prices may affect the attractiveness of pure trams to ordinary consumers.

A series of challenges facing Tesla led Japanese Mizuho Securities and financial institution Evercore ISI to cut Tesla's target share price on Tuesday.

Analysts at Mizuho Securities said in a research report that in the near future, Tesla electric car sales have potential weaknesses, mainly due to the poor macroeconomic situation, weak consumer purchasing power will affect the demand for high-price electric vehicles.

However, Mizuho Securities is optimistic about Tesla's long-term sales prospects. Tesla's new electric car factory will bring competitive advantage, and the new electric vehicle consumption tax rebate under consideration by the US government may stimulate market demand, according to the research report. However, in the Chinese market, the tax rebate policy for some electric cars will end early next year.

Mizuho Securities has a buy rating on Tesla's stock, with a target price of $285.

Joshua White, an assistant professor at Vanderbilt University who once worked at the Securities and Exchange Commission, said that in fact, only a small part of Tesla's recent share price decline can be attributed to the Fed's increase in interest rates, and Twitter's interference with Musk is an important reason.

White also commented that in April this year, Musk said he would not sell more shares in Tesla, but then continued to sell, selling billions of dollars worth of shares, he may have lost the trust of Tesla investors.

White said that Musk has been selling Tesla shares in large quantities. He once said that he had basically sold out and would not sell again, but it was easy to move his mouth, and he promised to continue to sell the stock after that. Now investors are no longer so confident about the rebound of Tesla's share price.

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