As of Friday's close, Tesla 's share price fell more than 6% , closing at 223.07 , falling to the lowest level in 3's lowest in 1 month. Under the trend of seven consecutive negative trends, can you enter the market for and buy the bottom ?
With the global efforts to reduce carbon emissions and maintain global climate stability, Tesla has developed rapidly in recent years and has quickly become the global leader in new energy vehicles. Its market value once exceeded one trillion US dollars, becoming the world's first automobile company with a market value of more than one trillion US dollars.
Although Tesla's sales have still grown well in recent years, its stock price has experienced a significant decline in recent days. In the past five trading days, the cumulative decline of the leading electric vehicle companies was about 16% , from the previous 265 USD // shares to 223 USD / shares.
Recently, due to the Federal Reserve's interest rate hike and many 9 in January, US stock is facing tremendous pressure. But overall, due to the sharp rise in the previous two days, U.S. stocks continued to rise slightly this week. On the other hand, Tesla's weekly decline of 16% has hit the worst single-week performance since 2020 3html January. So, as the leader of electric vehicles, what happened recently that caused its stock price to fall sharply against the market?
From a technical perspective:
At the daily level, a small bottom has formed below Haidi’s moon hunting . There will be a small rebound at a small level. However, the shape of short at the large level has not changed!
From the news perspective:
There are five reasons for this:
1. Car sales did not meet expectations
According to Tesla's third-quarter production and sales report, it delivered a total of 343830 electric vehicles in that quarter, including Model3 and ModelY has delivered a total of about 32.52, accounting for nearly 95% . It seems that the average monthly delivery volume exceeds 10 10 0 0 0 0 0 0 8% .
2. Competition from BYD
contrary to Tesla, BYD's performance in China is still strong. According to the sales data released by BYD 9html in January, the sales volume of 9html exceeded 200,000 units in January, reaching 200973, an increase of 7.9 0,000 units in January last year. Its monthly sales of 10,000 20 html are almost twice that of Tesla. It can be said to be the real "selling number one" of new energy vehicles in the world. In addition, BYD has also recently begun to expand overseas. With its leading three-electric technology, it has entered many countries one after another. These are definitely not good news for Tesla.
3. Musk's grudges and Twitter
The reversal of Musk's acquisition of Twitter once again affected Tesla's stock price.
In order to buy Twitter, Musk also needs to sell at least $100 million worth of 207000 million to 7000 million US dollars. Affected by this, Tesla's stock price fell again on the same day by 6.32% . The main reason for this decline was that it was affected by Musk's possible selling of stocks.
4. The price-to-earnings ratio is too high or there is still bubble
Although Tesla's stock price has fallen by 34% , its stock price is still at a historical high.Judging from the price-to-earnings ratio used to estimate the investment value of stocks (TTM), Tesla's current price-to-earnings ratio is 80.46.. This means that based on the current profit, you need to wait for 80.46html for 1 year to fully recover your capital. This is not only far higher than traditional automobile companies such as Ford and Volkswagen, but also far higher than the average 16 index of , and even higher than some technology stocks represented by Apple . Although considering that there may be a lot of room for growth in the later period, the current valuation still discourages some potential investors.
5. The global economic downturn has not changed
Due to poor economic performance, many consumers have slowed down the purchase process of high-priced goods, including cars, which may also have an adverse impact on Tesla's future sales.
There is no doubt that Tesla's strength and Musk's personality charm are still the most valuable automobile company in the world. However, due to the rapid rise of Chinese new energy vehicle companies, including BYD, Tesla is also facing more intense competition. In addition, the transaction between Musk and Twitter has also caused Tesla's stock price to suffer from "unpredictable disaster" in . With the addition of various factors, Tesla's stock price is expected to fall sharply in the near future.
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