Morning news on November 16th, Beijing time, November 15th (Monday), American electric car manufacturerTeslaThe stock price continued to fall, mainly because investors had cashed out a total of US$6.9 billion from Tesla’s head Musk and his latestTwitterRespond to your position.
On the same day, Tesla’s stock price fell about 2% to close at $1013.39. Since Musk began selling shares last week to cash out, Tesla’s capital market value has evaporated by $207 billion.
On Sunday, Musk, the world’s richest man, had a war of words on Twitter with well-known U.S. Senator Sanders. At present, Sanders and other members of Congress are pushing for a new law to levy taxes on the wealthy class in the United States, and Musk is dissatisfied with this.
During Monday’s intraday trading session, Tesla’s stock price fell to $978.6, and the company’s capital market value fell below the $1 trillion mark. It should be pointed out that Tesla only broke through this barrier last month.
Kunal Sawhney, CEO of the Kalkine Group, a U.S. securities research firm, said that since Musk conducted a poll on Twitter on whether to sell shares, Tesla’s stock price has fallen sharply. On the same day, Tesla mocked a senior congressman on the Internet. Such a move will put pressure on Tesla’s stock price in the next few weeks.
Soni said that by selling a large number of personal shares, Musk will be able to cope with about $15 billion in tax bills (taxes related to Musk’s realization of stock options).
After conducting a Twitter poll last week, Musk sold 6.36 million Tesla shares. If according to the previous statement that a total of 10% of the shares held by individuals were sold, Musk still needs to continue to sell about 10 million Tesla shares.
Rivian is menacing
In the past 12 months, Tesla’s stock price has soared by 140% due to the popularity of electric vehicle stocks in the US capital market. However, the recent sharp drop has made the stock price its lowest value since October.
In contrast, on Monday, Tesla’s electric car rival Rivian’s stock price soared by 15%.This company won the U.S. e-commerce giantAmazonCompared with the issue price at the time of listing last week, the stock price has risen by about 90%.
Data from Fidelity’s online securities trading platform shows that Tesla and Rivian are the two stocks with the largest trading volume on the platform, highlighting investors’ strong interest in electric vehicle stocks. Each sell order of these two stocks corresponds to two buy orders.
Chip shortage
Recently, the United StatesPepsiThe company’s CEO Ramon Laguarta (Ramo Laguarta) said that Tesla is expected to deliver the first batch of electric trucks ordered by Pepsi in the fourth quarter of this year. However, Musk said on Twitter on Saturday that he should not over-interpret La Guarda’s statement.
Musk posted that, as publicly stated before, Tesla has been affected by a shortage of chips in the near term, and in the long term by a shortage of lithium batteries. Unless both of these shortage crises can be resolved, Tesla will not be possible. Mass production of new models.
In the past, in the face of the global new crown epidemic and supply chain disturbances, Tesla has performed better than its electric vehicle competitors and has set record revenue for five consecutive quarters.
It is worth mentioning that Michael Burry, a well-known short seller in the US capital market, has once again focused on Musk. Brie revealed that Musk used 88.3 million Tesla shares as collateral for private loans. He sold all the luxury homes and moved to Texas. He also asked Sanders if he should sell more Teslas. Stock, “Musk is not short of cash, he just wants to sell Tesla stock.”
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