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☆ Tesla shares fall on US and European price cuts
  + stars: | 2023-01-13 | by ( ) edition.cnn.com   time to read: +5 min
More stable cost inflation was also a factor in reducing prices, said a spokesperson for Tesla Germany, confirming price cuts in its top European market. The US price cuts, announced late Thursday on its global top-sellers the Model 3 sedan and Model Y crossover SUV, were between 6% and 20%, Reuters calculations showed. For a US buyer of the long-range Model Y, the new Tesla price combined with the US subsidy amounts to a discount of 31%. In China, where Tesla cut prices last week by 6% to 13.5%, owners protested at delivery centres, calling for compensation. Before the cuts, Tesla inventory in the United States, as tracked by models its website shows as immediately available, had been trending higher.
☆ Tesla shares will bounce back despite poor delivery numbers, says shareholder Gary Black
  + stars: | 2023-01-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla shares will bounce back despite poor delivery numbers, says shareholder Gary BlackGary Black, Future Fund managing partner, joins ‘Squawk on the Street’ to discuss why he thinks Tesla shares could go higher despite all the negative headlines about the company.
☆ Elon Musk's Tesla, the world's leading EV maker, is capping off 2022 as one of the S&P 500's worst-performing stocks.
  + stars: | 2022-12-27 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
But to Musk, prices have already started dropping, which eliminates the need for the Fed to keep rates so high. If it was all [interest] rates, NDX would be down a similar amount," Black tweeted at Musk. Ultimately, Tesla investors shouldn't feel alone in their pain amid downtrodden stock prices this year. How has your view of Tesla stock changed since October? Their managers told us how they overcame a brutal year for the stock market, and shared the stock picks that worked best.
☆ There's one big flaw in Elon Musk's argument that Tesla stock is falling because the Fed is raising interest rates
  + stars: | 2022-12-21 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +4 min
Elon Musk has argued that Tesla stock has been crushed this year because the Fed is raising interest rates. But Musk's argument has one big flaw, according to Tesla investor and Future Fund manager Gary Black. But according to Musk, Tesla's stock price decline can be attributed to the Federal Reserve's aggressive interest rate hikes this year rather than his outside business activities. If it was all [interest] rates, NDX would be down a similar amount," Black tweeted at the billionaire on Tuesday. The Fed hiked interest rates by only 50 basis points at its December FOMC meeting, compared to its prior four interest rate hikes of 75 basis points.
☆ Tesla investors plead with Elon Musk to leave Twitter and refocus on the electric car company in 'a vote of no confidence in Elon'
  + stars: | 2022-12-21 | by ( Kali Hays | ) www.businessinsider.com   time to read: +5 min
Some high profile investors agreed Tesla's stock is down because Musk is distracted with Twitter. Musk is trying to get new investment for the platform, and just sold $3.6 billion in Tesla stock. "We all know why Tesla stock is down and it has nothing to do with the company," Gerber said. Both Gerber and Black suggested that Musk is selling Tesla stock to invest in Twitter, a company that Black noted "makes no money and probably never will." That should make a long-term stock investment like Tesla more intriguing to investors.
☆ Senator Warren, Tesla investor turn up heat over Musk's Twitter role
  + stars: | 2022-12-19 | by ( David Shepardson Hyunjoo Jin | David Shepardson | Hyunjoo Jin | ) www.reuters.com   time to read: +4 min
Investors have urged Musk to step down as Twitter CEO and punished Tesla stock, which is down nearly 60% this year and hit a fresh two-year low on Monday. On a Twitter poll from Musk on Sunday asking whether he should step down as Twitter CEO, 57.5% of 17.5 million people voted "yes." Ross Gerber, CEO of Gerber Kawasaki Wealth & Investment Management and a big Tesla bull, said last week that he would run for Tesla board and had notified Tesla. Leo KoGuan, a major individual Tesla shareholder, wrote on Twitter earlier that Musk had "abandoned Tesla and Tesla has no working CEO." "The whole situation is just weird, and weird is being kind," said Matthew Tuttle, CEO of Tuttle Capital Management.
☆ First catalyst for Tesla is finding a Twitter CEO, says Future Fund's Gary Black
  + stars: | 2022-12-15 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFirst catalyst for Tesla is finding a Twitter CEO, says Future Fund's Gary BlackGary Black, Future Fund managing partner, joins 'Squawk on the Street' to discuss whether the Tesla brand has been negatively impacted by what's happening in Twitter.
☆ Tesla shares fall as investors bash Musk's Twitter focus
  + stars: | 2022-12-14 | by ( Hyunjoo Jin | ) www.reuters.com   time to read: +2 min
Investors are also increasingly concerned that his antics could hurt brand and sales of Tesla, the world's top electric carmaker which faces increasing competition. "Elon abandoned Tesla and Tesla has no working CEO," KoGuan Leo, the third Largest individual shareholder of Tesla, who describes himself of Musk's "fanboy," tweeted on Wednesday. Tesla shares traded down 1.4%, after falling as much as 3.2% to $155.88 per share, the lowest level since November 18, 2020. Tesla shares slumped 55% so far this year, lagging the performances of GM (GM.N), Ford (F.N), Apple (AAPL.O) and Amazon (AMZN.O). Goldman Sachs on Tuesday cut the price target for Tesla shares and lowered estimates for Tesla's deliveries and gross margins for the fourth quarter, reflecting softer supply and demand.
☆ Inside the turbulent, doomed campaign of Herschel Walker
  + stars: | 2022-12-08 | by ( Marc Caputo | Marc Caputo Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com   time to read: +14 min
Republican candidate Herschel Walker's campaign was starved for cash as it faced Sen. Raphael Warnock and his deep-pocketed Democratic allies. Beyond highlighting an intense clash in a nationally watched political campaign’s crucible, the blowup underscored the core problem of Walker’s campaign: Walker. The so-called “oppo” book, however, didn’t have information about the abortion story, which rocked Walker’s campaign. And despite the damaging information that could come out in a campaign, Walker decided to run anyway. By Election Day, Walker campaign staffers knew they were likely to lose.
☆ Tesla investors try to ignore Musk's many distractions
  + stars: | 2022-10-16 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +7 min
While that’s good news for Twitter’s long-suffering shareholders, Tesla investors hope he still has some time for them. There are big challenges in China as well, with Tesla going up against homegrown EV rivals like Nio (NIO), Xpeng and Li Auto. Too many distractionsGary Black, managing partner at the Future Fund and a Tesla shareholder, has been tweeting for the past few weeks that concerns about Twitter are a headache for Tesla investors. In one tweet, Black said there are several problems for Tesla due to Twitter. The underwhelming deliveries and production numbers also underscore how a slowing global economy (and possible recession) could hurt Tesla.
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