Tesla After the bell rings, is expected to post record earnings Wednesday, but it may not be what uneasy investors are looking for.
Elon Musk’s American Electric car maker On track to its worst year, is now facing doubts about its business after discouraging sales and a series of For price reductions Tesla Vehicles All over the world
- At The end of 2021 Tesla A $1.1 trillion company.
- But As of Dec. 28, it was worth $353 billion, a 68% decline.
- At that same time, the stock was down over 70% year-to-date and it’s on track for its worst month, quarter and year ever.
- Shares From the beginning 2020 to the end 2021, the number of employees of the same company increased by more that 1,100%.
On Tuesday Tesla Shares closed at $143.89 up 25% Starting at the beginning of each year .
Here’s What we know so Far:
Financial This afternoon’s results
Tesla Will post its financial results for the fourth quarter and full year which ended December 31 after market close on Wednesday afternoon.
Tesla Management will host a live webcast at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the company’s financial and business results and outlook.
Why Tesla Stock had its worst year ever:Could It could rebound in 2023.
Tesla’s Stock prices plummeted by 2022
Earlier This month Musk broke the world record The greatest personal fortune loss in history.
Guinness World Records reported the record after Forbes The assessment of the Tesla CEO lost $182 billion, although other sources suggest that it could actually be closer to $200 billion.
The Drop followed a trend at the time Tesla Stocks had fallen 58% since the start of the year
In August, Musk Nearly sold$7 billion worth of Tesla Shares to order his finances before he purchases TwitterInvestors were frustrated by the move.
Musk The richest man in the world is no more:After Tesla Stock slide Elon Musk There is no longer a richest person on the planet. Forbes Says
What Analysts are saying
Dan Ives And John KatsingrisTech analysts with Wedbush Securities are calling today’s release one of the most important earnings calls in history for Tesla Its CEO.
The Increased risk of a recession Combining this with slower electric vehicle demand and increased production competition has already led to a decline in the market. Tesla’s Look forward with optimism
Ives And Katsingris In their note, they stated that Tuesday. That They stated that this will be apparent in their earnings reports.
Investors Particular attention will be paid to Tesla’s pricing strategy after it recently announced cuts and inventory levels.
But Perhaps the most important sign investors look for is that Musk At the wheel of the car? Tesla He took over. Twitter It sold billions of dollars in value Tesla Stock to secure the deal
Mapping Elon Musk’s business empire:Guide to Musklandia In the Austin Area
Contributing: Elisabeth Buchwald
Natalie Neysa Alund covers trending news for USA TODAY. Reach Follow her on Twitter at [email protected] Twitter @nataliealund.
