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Tesla Faces Turbulence as SAP Withdraws, Piper Slashes TargetsTesla (NASDAQ: NASDAQ:TSLA ), the electric vehicle juggernaut led by Elon Musk, witnessed a sharp decline of nearly 6% in its stock value on Monday. This downturn was triggered by a dual blow – German software firm SAP's decision to cease its purchase of electric cars from Tesla ( NASDAQ:TSLA ) and Piper Sandler's reduction in the stock price target. As the electric automaker's shares plummeted to $177.27, marking their lowest point since May 2023, concerns loom over Tesla's ( NASDAQ:TSLA ) market capitalization, with potential losses reaching a staggering $34 billion if the downward trend persists. SAP's Decision and Delivery Woes: The catalyst for the stock plunge came with the revelation that SAP, a prominent German software firm, has opted to no longer source company cars from Tesla ( NASDAQ:TSLA ). Citing reasons such as delivery delays and price fluctuations, the move by SAP has added fuel to the fire, accentuating the challenges faced by the electric car giant. The German publication Handelsblatt reported the decision, sending ripples through the market and contributing to Tesla's already tumultuous week. Piper Sandler's Grim Outlook: Adding to the woes, Piper Sandler, a reputable brokerage, slashed its stock price target for Tesla ( NASDAQ:TSLA ), citing lower delivery expectations for the year. The brokerage now expects Tesla ( NASDAQ:TSLA ) to deliver 1.93 million vehicles in 2024, representing a modest growth rate of approximately 7%. This figure pales in comparison to the ambitious 50% growth target set by Elon Musk three years ago. The brokerage's concerns extend beyond the immediate future, expressing apprehension about potential price cuts due to an aging product lineup. As Tesla ( NASDAQ:TSLA ) grapples with these challenges, the stock price target was reduced from $295 to $225, intensifying the bearish sentiment surrounding the company. Market Dynamics and Valuation Tesla's price-to-earnings ratio of 57.75 times its 12-month forward earnings estimates is significantly higher than its peers such as Meta Platforms and Amazon.com, which have ratios of 24.10 and 40.97, respectively. This raises questions about the sustainability of Tesla's ( NASDAQ:TSLA ) current valuation, given recent setbacks and the overall market dynamics. Elon Musk's Warning and Consumer Demand: CEO Elon Musk's warning about sluggish consumer demand due to high interest rates adds another layer of complexity to Tesla's ( NASDAQ:TSLA ) challenges. Despite refreshing the styling and features of the Model 3 compact sedan, concerns linger about the impact of interest rates on consumer preferences, potentially impacting the demand for Tesla's offerings. Conclusion: As Tesla ( NASDAQ:TSLA ) grapples with a confluence of challenges – from SAP's withdrawal to Piper Sandler's grim projections – the electric vehicle giant finds itself at a crossroads. The stock's recent downturn prompts investors and industry observers alike to closely monitor how Tesla navigates these turbulent waters. Whether the company can regain momentum, address delivery issues, and rekindle investor confidence remains to be seen, but one thing is clear – the road ahead for Tesla ( NASDAQ:TSLA ) is anything but smooth.
NASDAQ:TSLAShort
by DEXWireNews
Tesla's stock trend is likely to rise and fallIs Tesla's stock likely to turn bullish into bearish? This chart shows the weekly candle chart of Tesla's stock over the past two years. The top to bottom golden section of November 2021 is superimposed in the figure. As shown in the figure, Tesla stock has already surpassed the 1.618 position on the golden section in the past two weeks, and is about to challenge the next strong pressure, which is the 1.382 position on the golden section in the figure! Due to factors such as the global consumer downgrade and the imminent launch of Tesla's affordable models, Tesla's stock is likely to turn bullish into bearish! In the future, just use the 1.382 and 1.000 positions of the golden section in the figure as the long short water separation interval operation! Sell high and buy low within the range, and chase up and kill down outside the range!
NASDAQ:TSLA
by Think_More
Tesla's 2000 Cybertruck Production Underway!As you may already know, Tesla has officially commenced the production of 2000 Cybertrucks this year, and we believe this development presents a unique opportunity for traders like yourself. Tesla has consistently demonstrated its ability to disrupt the automotive industry, and the Cybertruck is no exception. With its futuristic design, cutting-edge features, and impressive performance capabilities, the Cybertruck has garnered immense attention and anticipation from consumers worldwide. Given Tesla's track record of delivering groundbreaking products, we believe that the production of 2000 Cybertrucks this year will undoubtedly significantly impact the market. As traders, it is essential to stay ahead of the curve and seize opportunities that arise from such developments. Hence, we encourage you to consider placing Tesla market orders, considering the potential impact of the Cybertruck production. However, we advise approaching this opportunity cautiously, as any investment involves inherent risks. Conducting thorough research, analyzing market trends, and consulting with financial advisors is crucial to making informed trading decisions. Tesla's market orders for the Cybertruck are expected to surge in demand, especially with the growing interest from individual consumers and commercial buyers. By placing market orders, you can benefit from the potential rise in Tesla's stock value, which has historically responded positively to significant product launches. To capitalize on this opportunity, I recommend visiting Tesla's official website or contacting your trusted brokerage firm to place your Tesla market orders. Remember to evaluate your investment strategy and risk tolerance before trading carefully. As always, staying updated with the latest news and developments surrounding Tesla and the automotive industry is essential. By closely monitoring market trends and emerging technologies, you can make informed decisions that align with your trading goals.
TLong
by bryandowningqln