Wed, April 03, 2024 at 02:54

  • 썸네일

    Kang-hoon

    • Hello Annie, I have some news about Tesla, Inc.

    • The company's stock fell nearly 5% on Tuesday, wiping out about $27 billion in market capitalization in a single session.

    • 썸네일
  • Annie

    • Oh my!😱 That's a huge loss.

    • What caused this drop?

    썸네일
  • 썸네일

    Kang-hoon

    • The negative catalyst that drove the stock lower was Tesla's downbeat deliveries update for the first quarter.

    • 썸네일
    • The number came in well below the company-compiled consensus of 431,000 units.

  • Annie

    • So, they didn't meet their delivery targets?

    • That's not good.😔

    썸네일
  • ADward

    • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

    썸네일
  • 썸네일

    Kang-hoon

    • Correct, the Elon Musk-led company delivered 386,810 vehicles for the first quarter, down 8.5% from the year-ago period and a steeper 20.16% decline from the fourth quarter.

  • Annie

    • Wow!

    • That's a significant drop.

    • What's the reason behind this decline?

    썸네일
  • 썸네일

    Kang-hoon

    • Tesla blamed the weak performance on the early phase of the production ramp of the updated Model 3 at the Fremont factory and factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory Berlin.

  • Annie

    • Oh no!😮 That sounds like a lot of challenges.

    썸네일
  • 썸네일

    Kang-hoon

    • Indeed.

    • However, despite this negative news, Cathie Woods Ark Invest accumulated an additional tranche of the stock.

    • 썸네일
    • Ark bought a combined 234,998 shares worth $39.16 million.

  • Annie

    • Really?

    • That's interesting.🤔 Why would they buy more when the stock is falling?

    썸네일
  • 썸네일

    Kang-hoon

    • Well, it's not uncommon for investors to buy stocks when they are falling in price, especially if they believe in the long-term prospects of the company.

    • It's a strategy known as 'buying the dip'.

  • Annie

    • I see.

    • So, is this news good or bad for the market?

    썸네일
  • 썸네일

    Kang-hoon

    • From a short-term perspective, this news is definitely bad for Tesla's stock price and its investors.

    • 썸네일
    • However, it's important to note that these are temporary issues and Tesla remains a leader in the electric vehicle market.

    • Upon comprehensive consideration, this news is perceived as a 😱Bearish.