Tesla

Tesla Inc shares are on track for their worst month ever as a sell-off deepened on Thursday over worries about softening demand for electric cars and Chief ...

Since then, its market capitalization has shrunk to about $400 billion, and it is now the eighth most valuable company on Wall Street, just behind Exxon Mobil Corp [(XOM.N)](https://www.reuters.com/companies/XOM.N), and just ahead of Tencent Holding Ltd [(0700.HK)](https://www.reuters.com/companies/0700.HK). [(.SPX)](https://www.reuters.com/quote/.SPX) in December 2020, making it the sixth most valuable publicly listed U.S. Tesla remains by far the top seller of electric vehicles. Musk's $44 billion takeover of Twitter in October has been marked by chaos and controversy, with some investors questioning whether the billionaire is too distracted to properly run Tesla. [(VOWG_p.DE)](https://www.reuters.com/companies/VOWG_p.DE), Toyota Motor Corp [(7203.T)](https://www.reuters.com/companies/7203.T), Hyundai Motor [(005380.KS)](https://www.reuters.com/companies/005380.KS), General Motors Co [(GM.N)](https://www.reuters.com/companies/GM.N), Ford Motor Co [(F.N)](https://www.reuters.com/companies/F.N) and BMW [(BMWG.DE)](https://www.reuters.com/companies/BMWG.DE) for the first time in over a year, a major reversal after the stock soared nearly 2,000% from 2018 through their 2021 high. Register for free to Reuters and know the full story [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html) With analysts increasingly worried about Tesla, the median analyst price target now implies a market capitalization of just over $800 billion, down from $1.1 trillion in April, according to Refinitiv data. [said](/business/autos-transportation/tesla-misses-quarterly-revenue-estimates-2022-10-19/) it expected to miss its vehicle delivery target this year, and analysts have worried that rising interest rates and a troubled economy could dent demand. Musk has also sold almost $40 billion worth of his Tesla shares this year, adding to pressure on the stock as investors worry he could sell more to keep Twitter afloat. [(TSLA.O)](https://www.reuters.com/companies/TSLA.O) shares are on track for their worst month ever as a sell-off deepened on Thursday over worries about softening demand for electric cars and Chief Executive Elon Musk's distraction with Twitter. The stock dropped almost 10% on Thursday to their lowest level since September 2020 after the automaker's website showed it was offering $7,500 discounts on Model 3 and Model Y electric vehicles delivered in the United States this month.

The National Highway Traffic Safety Administration (NHTSA) said on Thursday it has opened two new special investigations into crashes involving Tesla ...

Tesla sells the $15,000 FSD software as an add-on which enables its vehicles to change lanes and park autonomously. 24 on the Bay Bridge](/business/autos-transportation/tesla-driver-multi-car-crash-told-police-self-driving-software-malfunctioned-2022-12-22/) in San Francisco in which the driver of a 2021 Tesla Model S reported the Full-Self Driving feature had malfunctioned, according to a police report. A total of 19 crash deaths have been reported in those Tesla-related investigations.

Tesla Inc shares tanked on Thursday after the luxury electric car maker started offering $7500 discounts on Model 3 and Model Y vehicles delivered in the ...

The automaker has also given a As the U.S. It also recently started offering free supercharging for 10,000 miles (16,093 kms) for vehicles delivered in December. Tesla is also offering a $5,000 credit in Canada on Model 3 and Model Y vehicles delivered before the end of the year. 1, Tesla started offering a $3,750 "credit" on Model 3 and Model Y vehicles delivered before the end of the year. Register for free to Reuters and know the full story

Recent discounts on Tesla's electric vehicles “are pouring gasoline on the raging fire on Tesla's stock,” which is down nearly 70% this year.

[We estimate](https://www.forbes.com/real-time-billionaires/#43072fc23d78) Musk to be worth $147.6 billion, down 55% from last November. [13](https://www.macrotrends.net/stocks/charts/TSLA/tesla/net-income) consecutive profitable quarters, most recently reporting a $3.29 billion profit in the three-month period ending September 30, and Morgan Stanley recently named Tesla one of its top value stock picks of 2023. That’s down from Tesla’s 121.95 forward price-to-earnings ratio 12 months ago, and trails stocks not typically cited as high-growth, [including](https://finance.yahoo.com/video/tesla-forward-p-e-multiple-145611785.html) Costco and Hershey. Musk is right about the market flailing as the Fed ups interest rates, with the S&P down 21% year-to-date, but [considering](https://www.slickcharts.com/sp500/performance) Tesla was the 492nd-best performer on the index heading into Thursday, more specific factors are certainly at play. The only worse days for Tesla stock in 2022 were January 27 and April 26, the day after Twitter agreed to Musk’s takeover bid. Musk, who has sold $22.9 billion in Tesla stock to fund his Twitter venture and drawn the [ire](https://www.forbes.com/sites/dereksaul/2022/12/16/market-reacts-to-musk-antics-tesla-slides-to-2-year-low-as-twitter-embroiled-in-controversy/?sh=1cfbb04e15fd) of Wall Street for spending his time on the far-less valuable social media company, has his own explanation for the slumping share prices: The Federal Reserve’s persistent interest rate hikes.

The Ohio crash happened Nov. 18 near Toledo, when a Tesla Model 3 crashed into an Ohio Highway Patrol SUV stopped on a roadway with its emergency lights ...

The driver told authorities that the Tesla Model S was using the company's “Full Self-Driving” software, according to Highway Patrol report obtained by CNN. The eight-vehicle crash happened about noon, closing two lanes and clogging traffic on the holiday. In both cases Tesla says these are driver-assist systems and that drivers must be ready to intervene at all times. The Ohio crash happened Nov. Nineteen people were killed in the crashes. The other system, called “Autopilot,” keeps a car centered in its lane and a distance away from vehicles in front of it.

Tesla has increased its discount to $7500 to encourage deliveries by end of year, and its stock price sunk as investors fear low demand.

Tesla shares slid over 9.5% at session lows as investors digested expanded discount offerings and further distractions from CEO Elon Musk's Twitter ...

Many prospective Tesla owners had put off taking delivery of their new cars from the company until the credits take effect. on Thursday, doubling its previous incentives, in an effort to encourage customers to take deliveries. Meanwhile, Tesla began to offer $7,500 discounts on some of its high-priced electric vehicles in the U.S. "Some of this is Twitter-related drama, much is not." The stock is down nearly 70% year-to-date. "Elon Musk is doing Elon Musk things," Canaccord's George Gianarikas wrote.

The carmaker's stock is down nearly 10% on news that Tesla customers won't pay full price.

That comes after selling 19.5 million shares in November, to fund [the closing on his purchase of Twitter](https://www.reuters.com/business/autos-transportation/elon-musk-sells-22-mln-tesla-shares-worth-36-bln-filing-2022-12-15/). But, during the three months that ended in September, the carmaker’s production exceeded deliveries by [more than 22,000 vehicles](https://www.bloomberg.com/news/articles/2022-10-19/tesla-stock-tsla-recovery-depends-on-convincing-investors-about-demand?sref=P6Q0mxvj). [latest sale](https://qz.com/elon-musk-tesla-stock-sale-december-twitter-1849897017) of Telsa stock, in which he unloaded another 22 million shares, worth $3.6 billion. The EV automaker rarely discounts its cars, and Musk has [boasted](https://twitter.com/elonmusk/status/1129924410339495937?lang=en) about not needing to advertise or pay for endorsements. 22), and is trading at its lowest levels in two years. But just weeks earlier, Tesla was only offering a $3,750 incentive.

While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a "serious recession" in 2023 and demand for big-ticket items will ...

Musk said that Tesla is close to picking the location of its new "Gigafactory." "I won't sell stock until I don't know probably two years from now. Last week, Musk disclosed Register for free to Reuters and know the full story While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a "serious recession" in 2023 and demand for big-ticket items will be lower. [(TSLA.O)](https://www.reuters.com/companies/TSLA.O) Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years.

Tesla CEO Elon Musk said Thursday he does not plan to sell any more shares of Tesla for at least the next two years, after the billionaire and nascent ...

Numerous companies [have pulled ad spending](https://www.forbes.com/sites/nicholasreimann/2022/11/28/musk-says-apple-cutting-twitter-ads-here-are-the-other-companies-rethinking-their-ties/?sh=2d48df6c7032) on Twitter in response to Musk's erratic behavior and loosening of content moderation policies, while the billionaire privately told Twitter staff last month the company [could soon go bankrupt](https://www.forbes.com/sites/nicholasreimann/2022/11/10/musk-tells-staff-twitter-could-go-bankrupt-without-financial-turnaround-reports-say/?sh=919607725702) without a significant increase in revenue. [telling](https://www.cnbc.com/2022/11/10/elon-musk-tells-twitter-staff-he-sold-tesla-stock-to-save-twitter.html) the platform's employees last month he did so to "save" the company. He was the world's wealthiest person for much of 2022 as his net worth soared above $200 billion. The billionaire has defended his work at Twitter even as he has turned much of his attention away from other businesses he runs, like Tesla and SpaceX. Musk has argued reshaping Twitter is a large project that requires a more hands-on approach, while executives at Tesla and SpaceX are capable of running the companies without him. [Musk Sells Nearly $3.6 Billion In Tesla Stock—Moves Further Away From Richest Person Title](https://www.forbes.com/sites/siladityaray/2022/12/15/musk-sells-nearly-36-billion-in-tesla-stock-moves-further-away-from-richest-person-title/?sh=5d4a153b6015) (Forbes) [Elon Musk Has Sold $3.9 Billion Of Tesla Stock Since Friday](https://www.forbes.com/sites/mattdurot/2022/11/08/elon-musk-has-sold-39-billion-of-tesla-stock-since-friday/?sh=87018fd7f74c) (Forbes) [Musk Tells Staff Twitter Could Go Bankrupt Without Financial Turnaround, Reports Say](https://www.forbes.com/sites/nicholasreimann/2022/11/10/musk-tells-staff-twitter-could-go-bankrupt-without-financial-turnaround-reports-say/?sh=919607725702) (Forbes) [‘Disaster Of Epic Proportions’: Tesla Slides 9% As Demand Worries Pile Onto Concerns About Musk’s Twitter Focus](https://www.forbes.com/sites/dereksaul/2022/12/22/disaster-of-epic-proportions-tesla-slides-9-as-demand-worries-pile-onto-concerns-about-musks-twitter-focus/?sh=246b543b3a84) (Forbes) [be worth $147.9 billion](https://www.forbes.com/profile/elon-musk/?sh=22c270e27999), making him the second-richest person in the world, behind LVMH CEO Bernard Arnault and his family. [said](https://www.reuters.com/business/autos-transportation/elon-musk-says-he-will-not-sell-more-tesla-stock-another-two-years-2022-12-22/) Thursday he does not plan to sell any more shares of Tesla for at least the next two years, after the billionaire and nascent Twitter owner [offloaded nearly $3.6 billion](https://www.forbes.com/sites/siladityaray/2022/12/15/musk-sells-nearly-36-billion-in-tesla-stock-moves-further-away-from-richest-person-title/?sh=5d4a153b6015) worth of stock this week as [Tesla's share price tumbled](https://www.forbes.com/sites/dereksaul/2022/12/22/disaster-of-epic-proportions-tesla-slides-9-as-demand-worries-pile-onto-concerns-about-musks-twitter-focus/?sh=246b543b3a84). [mostly](https://www.forbes.com/sites/forbeswealthteam/article/elon-musk/?sh=5272146926af) made up of Tesla shares, [above $300 billion](https://www.forbes.com/sites/elizahaverstock/2022/01/03/happy-new-year-elon-musk-gets-25-billion-richer-on-2022s-first-trading-day-as-tesla-stock-soars/?sh=41725f6b2baf). [has held multiple rounds](https://www.forbes.com/sites/mattdurot/2022/11/08/elon-musk-has-sold-39-billion-of-tesla-stock-since-friday/?sh=87018fd7f74c) of multi-billion dollar stock sales since then. Tesla's latest stock dip started around the time Musk completed his $44 billion deal to take over Twitter. Musk said during a Twitter Spaces audio call he will stop offloading Tesla stock after selling nearly $40 billion worth of it in the past year.

Elon Musk took to Twitter to shore up confidence in Tesla.

but I just can’t predict with accuracy the stock price between now and then," Musk said. how long is this going to be," said Gerber, referring to the time and attention Musk has piled into Twitter. Definitely not next year under any circumstances and you know, probably not the year thereafter." - "I need to sort of sell some stuff just to make sure like, there's like, powder dry that, you know, to account for a worst case scenario ... - "I just want you back at Tesla and I just miss you, Elon … He's offloaded nearly $7 billion after taking over Twitter in late October.

Elon Musk said he isn't planning to sell any more Tesla Inc. shares for two years, having offloaded almost $40 billion of stock this year, mostly to fund ...

If those gains hold in regular trading Friday, the shares could break a five-day losing streak. While the Tesla chief executive officer has made such proclamations before, only to later sell more stock, Musk’s comments on a Twitter Spaces audioconference late Thursday sent the carmaker up as much as 3.5% in postmarket trading. Elon Musk said he isn’t planning to sell any more

Chief executive's comments came amid concerns over softening demand for electric cars.

to account for a worst-case scenario,” the billionaire said. In response to concerns that his political views and controversial comments were alienating some people, he said: “I am not going to like sort of suppress my views just to boost the stock price.” Musk said earlier this week that he would step down as chief executive of Twitter once he found “someone foolish enough to take the job”. “I won’t sell stock until, I don’t know, probably two years from now. Asked whether he would bring in someone such as the venture capitalist David Sacks to run Twitter to allow him to focus on Tesla, Musk dodged the question and said Twitter was a relatively simple business. Last week, Musk disclosed

The Austin, Texas, company started offering a $3,750 incentive on its Model 3 sedan and Model Y SUV on its website earlier this month, but on Wednesday doubled ...

To be eligible for the federal tax credit, vehicles can't have a sticker price of over $55,000 for sedans and $80,000 for trucks and SUVs. In a regulatory quirk, many vehicles like Teslas that are made in North America likely will be eligible for the full $7,500 tax credit from January into March because the Treasury Department is still working on rules requiring battery minerals and parts to come from North America. Tesla shares have lost more than 60% of their value since Musk announced in April that he had taken a large stake in Twitter. Through September the company delivered 908,573 vehicles, compared with just over 936,000 vehicles a year ago. Teslas weren't eligible for a previous federal tax credit program because the company had reached a limit of 200,000 vehicles sold. The move comes ahead of a new federal tax credit of up to $7,500 that's scheduled to take effect Jan.

"Need a leader at this time for Tesla, not Ted Striker," former Tesla bull Dan Ives at Wedbush said in a new note on Friday, referring to the pilot in the ...

Tesla CEO Elon Musk is viewed as “asleep at the wheel,” according to analyst Dan Ives at Wedbush. (Photo by Dimitrios Kambouris/Getty Images for The Met Museum/ ...

and [China](https://www.barrons.com/articles/tesla-stock-price-drop-cut-china-51666598331?mod=article_inline). Both threaten to leave the company missing delivery estimates for the fourth quarter and into 2023, according to Wedbush’s [Dan Ives](https://www.barrons.com/articles/elon-musk-twitter-poll-results-step-down-tesla-51671448650?mod=article_inline), a long-time Tesla bull. ](https://www.barrons.com/market-data/stocks/tsla)

Wedbush analyst Dan Ives slashed Tesla's stock price target by 30%, citing 'demand cracks,' as Elon Musk is 'asleep at the wheel'

Tesla’s stock slumped 2.8% in morning trading Friday, putting it on track for the lowest close since September 2020. That puts Tesla in danger of missing quarterly delivery expectations for the first time since the second-quarter of June 2019, according to FactSet data. He cut his stock price target to $175 from $250, but reiterated the outperform rating he’s had on Tesla since April 2021. and China,” Ives wrote. “At the same time that Tesla is cutting prices and inventory is starting to build globally in the face of a likely global recession, Musk is viewed as ‘asleep at the wheel’ from a leadership perspective for Tesla at a time investors need a CEO to navigate this Category 5 storm,” Ives wrote. Shares of Tesla Inc.

During a brutal year for stocks, one has stood out from the rest: Tesla, the electric vehicle giant helmed by America's wealthiest man Elon Musk, ...

His fortune is down 55% from its November 4, 2021 high of [$320.3 billion](https://www.forbes.com/sites/rachelsandler/2022/10/21/elon-musks-fortune-has-fallen-by-more-than-100-billion-in-less-than-a-year/?sh=75d583813ea4). [has largely attributed](https://www.cnbc.com/2022/12/20/elon-musk-tries-to-explain-why-tesla-shares-are-tanking.html) the sharp decline in Tesla share prices to these rate hikes, but that is likely not the whole picture, considering Tesla’s stock performance has closely followed news surrounding Musk and Twitter. [8.9% decline](https://www.forbes.com/sites/dereksaul/2022/12/22/disaster-of-epic-proportions-tesla-slides-9-as-demand-worries-pile-onto-concerns-about-musks-twitter-focus/?sh=43f86d9d3a84) Thursday and 2.2% loss early Friday brought its year-to-date drop to 69.7%, driven by largely recession-related demand concerns in the U.S. Shares of General Motors are down 45.3% this year, less than Tesla’s decline, but are up 86% since March 2020 compared to Tesla’s nearly 300% gain over the same timeframe. [‘Disaster Of Epic Proportions’: Tesla Slides 9% As Demand Worries Pile Onto Concerns About Musk’s Twitter Focus](https://www.forbes.com/sites/dereksaul/2022/12/22/disaster-of-epic-proportions-tesla-slides-9-as-demand-worries-pile-onto-concerns-about-musks-twitter-focus/?sh=43f86d9d3a84) (Forbes) [Musk Promises Not To Sell More Tesla Stock—But He’s Broken Vow Before](https://www.forbes.com/sites/nicholasreimann/2022/12/22/musk-promises-not-to-sell-more-tesla-stock-but-hes-broken-vow-before/?sh=13a892d25266) (Forbes) and China, as well as the controversial [“antics”](https://www.forbes.com/sites/dereksaul/2022/12/16/market-reacts-to-musk-antics-tesla-slides-to-2-year-low-as-twitter-embroiled-in-controversy/) of Musk as he offloaded $22.9 billion in Tesla shares to fund his takeover of the social media company Twitter.

Tesla CEO Elon Musk showed up in a Twitter spaces conversation, and had an important pledge for investors.

](https://www.barrons.com/market-data/stocks/tsla) Tesla [

Tesla TSLA –8.88% 's stock price action has brought no joy to shareholders this holiday season. The numbers look awful and upsetting to bulls.

(GM) shares by about 35 percentage points since the social media takeover. Tesla (ticker: TSLA) stock has been a brutal performer for months. ‘s stock price [action](https://www.barrons.com/articles/tesla-stock-price-51671540040?mod=md_stockoverview_news&mod=article_inline) has brought no joy to shareholders this holiday season. Shares have fallen roughly 55% over the past three months and 65% this year. It’s getting so bad that shares could start looking good to [a group](https://www.barrons.com/articles/stock-picking-is-hard-deciding-what-kind-of-investor-you-are-is-the-first-step-51577017801?mod=article_inline) that doesn’t typically look at ](https://www.barrons.com/market-data/stocks/tsla)

Inside the Cybertruck-inspired aluminum casing is a wireless charging platform called FreePower from a startup called Aira. This is the same platform used other ...

Tesla Inc shares touched a fresh two-year low in volatile trading on Friday as boss Elon Musk's promise to not sell his shares for at least two years did ...

"If Musk sells another billion or so dollars of shares in the near future, and that exerts downward price pressure on Tesla's share price, investors might have a decent claim for securities fraud," said Howard Fischer, a former U.S. It does not usually specify how companies should do that. "I won't sell stock until I don't know probably two years from now. Register for free to Reuters and know the full story "Musk looks rattled, vowing not to sell more stock and floating the idea of share buybacks. Definitely not next year under any circumstances and probably not the year thereafter," Musk said on Thursday.

While its CEO is a little busy elsewhere, Tesla has rolled out a wireless charger shaped vaguely like its Cybertruck, with the same goal — but not design ...

Except they wouldn't, or the AirPower would burn up, or something, and eventually Apple threw up its hands and [abandoned the idea](https://appleinsider.com/articles/19/03/29/apple-cancels-airpower-wireless-charging-mat). "Its sleek design is composed of an aluminum housing, premium alcantara surface and a detachable magnetic stand that allows you to lay the charger flat or at an angle for better viewing." While in certain — and rare — conditions you can get a Qi charger to work on an Apple Watch, it's pretty clear given Tesla's marketing materials that they did not crack that nut. Mophie released what it called the 3-in-1 wireless charging pad So it's not quite the complete solution that AirPower tried to be. [Apple announced](https://appleinsider.com/articles/17/09/12/apples-airpower-wireless-charging-pad-charges-multiple-devices-to-launch-in-2018) AirPower, a then-forthcoming wireless charger where you could just put your [iPhone](https://appleinsider.com/inside/iphone), [Apple Watch](https://appleinsider.com/inside/apple-watch), and [AirPods](https://appleinsider.com/inside/airpods) down on its surface, and they'd charge.

CEO Elon Musk says he won't sell any more shares in Tesla for 18 months or more, likely an attempt to comfort shareholders of the electric vehicle company ...

The company has since lost nearly two-thirds of its value, at a time when rival automakers are cutting in on Tesla’s dominant share of electric vehicle sales. In less than two months, Musk has presided over a dizzying series of changes that have unnerved advertisers and turned off users. A significant portion of those proceeds have gone to help fund his $44 billion acquisition of the social media company, which has been marked by chaos since Musk took over.

A popular misconception has emerged about Elon Musk and Tesla: The megabillionaire's love affair with Twitter is the main reason Tesla shares have lost so ...

[Donald Trump](http://www.cnn.com/2022/11/19/business/twitter-musk-trump-reinstate/index.html) and other previously banned accounts back online, called for the [prosecution of Dr. And he said that its plant in China has had to scale back production due to weak sales in the market in the face of the Covid restrictions. Another Twitter factor: Musk named himself CEO of Twitter, the third major company he leads, along with Tesla and SpaceX. He promised he would comply with the result, and 57.5% of those who voted said they want him gone. [trillion-dollar valuation](http://www.cnn.com/2021/10/25/investing/tesla-stock-trillion-dollar-market-cap/index.html) it had at the start of the year. Tesla shares fell 9% Thursday, and it ended the week down 18% after another 2% drop on Friday. “It got ahead of itself in the near-term,” said Gene Munster of Loup Ventures, another Tesla fan. “Demand in the US has collapsed,” he said. At its peak, Tesla was worth more than the 12 largest automakers on the planet combined, despite having a fraction of the sales of any of them. [first unveiled](https://www.cnn.com/2019/11/22/cars/tesla-cybertruck-electric-pickup-truck/index.html) three years ago with promises that production would start in 2021. “Tesla clearly is starting to see demand cracks in China and in the US at a time that EV competition is increasing across the board,” said Dan Ives, tech analyst with Wedbush Securities and a Tesla bull who cut his price target for the stock Friday from $250 to $175. Musk said on an Twitter Spaces call Thursday he foresees the economy will be in a “serious recession” in 2023.

Less than a month before a class action lawsuit over an infamous Elon Musk tweet goes to trial, a judge this week ordered expert witnesses to explain ...

Funding secured" – was false, and the court has already found Musk to have been deliberately reckless. "This should not be done on the fly, with hundreds of millions of dollars at stake." "While some market participants expressed skepticism about Musk's tweets, many also accepted them as accurate and truthful as seen by the increase in Tesla's stock price towards the announced deal price of $420," wrote plaintiffs' attorney Adam Apton in a recent trial brief.

A significant portion of the proceeds from selling his Tesla stock has gone to help fund his $44 billion acquisition of Twitter, which has been marked by ...

The company has since lost nearly two-thirds of its value, at a time when rival automakers are cutting in on Tesla’s dominant share of electric vehicle sales. In less than two months, Musk has presided over a dizzying series of changes that have unnerved advertisers and turned off users. A significant portion of those proceeds has gone to help fund his $44 billion acquisition of the social media company, which has been marked by chaos since he took over.

Dan O'Dowd Elon Musk has been making headlines, mostly at his expense, nearly every day since his $44 billion purchase of Twitter. But for Dan O'Dowd, ...

Tesla accounted for 60% of the incidents that resulted in serious injuries and nearly 85% of the fatal ones, [TechCrunch](https://techcrunch.com/2022/08/18/federal-state-regulators-put-pressure-on-teslas-autopilot-safety/) reported. He attempted it four times, and all four times the Tesla ran over the child-sized mannequin, which was dressed up to have the appearance of a small child. But they will be at some point and people just realize that Tesla is so far behind, it’s ridiculous.” [a report](https://www.nhtsa.gov/press-releases/initial-data-release-advanced-vehicle-technologies) in June tracking the safety of advanced driver assistance. Now, they are hearing opposition,” O’Dowd said. Tesla did not respond to an interview request.

Stock down 17% over past five days on doubts about Musk share sales and EV consumer demand.

For cost savings, you can change your plan at any time online in the “Settings & Account” section. Compare Standard and Premium Digital For a full comparison of Standard and Premium Digital,

During a brutal year for stocks, one has stood out from the rest: Tesla, the electric vehicle giant helmed by America's wealthiest man Elon Musk, ...

His fortune is down 55% from its November 4, 2021 high of [$320.3 billion](https://www.forbes.com/sites/rachelsandler/2022/10/21/elon-musks-fortune-has-fallen-by-more-than-100-billion-in-less-than-a-year/?sh=75d583813ea4). [has largely attributed](https://www.cnbc.com/2022/12/20/elon-musk-tries-to-explain-why-tesla-shares-are-tanking.html) the sharp decline in Tesla share prices to these rate hikes, but that is likely not the whole picture, considering Tesla’s stock performance has closely followed news surrounding Musk and Twitter. [8.9% decline](https://www.forbes.com/sites/dereksaul/2022/12/22/disaster-of-epic-proportions-tesla-slides-9-as-demand-worries-pile-onto-concerns-about-musks-twitter-focus/?sh=43f86d9d3a84) Thursday and 1.8% loss Friday brought its year-to-date drop to 69.2%, driven by largely recession-related demand concerns in the U.S. Shares of General Motors are down 45% this year, less than Tesla’s decline, but are up 86% since March 2020 compared to Tesla’s nearly 300% gain over the same timeframe. [‘Disaster Of Epic Proportions’: Tesla Slides 9% As Demand Worries Pile Onto Concerns About Musk’s Twitter Focus](https://www.forbes.com/sites/dereksaul/2022/12/22/disaster-of-epic-proportions-tesla-slides-9-as-demand-worries-pile-onto-concerns-about-musks-twitter-focus/?sh=43f86d9d3a84) (Forbes) [Musk Promises Not To Sell More Tesla Stock—But He’s Broken Vow Before](https://www.forbes.com/sites/nicholasreimann/2022/12/22/musk-promises-not-to-sell-more-tesla-stock-but-hes-broken-vow-before/?sh=13a892d25266) (Forbes) and China, as well as the controversial [“antics”](https://www.forbes.com/sites/dereksaul/2022/12/16/market-reacts-to-musk-antics-tesla-slides-to-2-year-low-as-twitter-embroiled-in-controversy/) of Musk as he offloaded $22.9 billion in Tesla shares to fund his takeover of the social media company Twitter.

Tesla has an opportunity to grow its autonomous drive, EV semis, and energy generation businesses at rates exceeding 17%. See why TSLA stock is a Sell now.

I've upgraded Tesla to a "sell" from a "strong-sell." Fifteen years is often the amount of time it takes for investors to forget about the pain inflicted when a bubble pops. A 5% annual return is right between a "sell" and "hold" rating for me. The key is that the fundamentals are in good shape (You don't want to buy a company that's about to go bankrupt or become obsolete). The beginning of a recession often signals the beginning of a new bull market. But, because 95% of Tesla's revenue comes from the automotive arm, where Tesla is losing share, I expect the company to grow its earnings at a slower pace. A recession in 2023 is now baked into the consensus. "Tesla continues to dominate EV sales, with 65.4% of the EV market. The world is still developing the infrastructure necessary to make EV road-trips a seamless experience. The company was demonstrating explosive growth, and that growth was expected to continue. A year ago, the outlook for Tesla was phenomenal. As the market transitions to more sensible valuations, there are less and less reasons to be bearish.

In this article, I try to mostly ignore the Elon Twitter Drama and the TSLA stock drama and focus on the Model 3 & Model Y market dynamics!

This will allow the Model Y to overtake the Toyota RAV4 as the best selling crossover and the Model 3 to overtake the Toyota Camry as the best selling sedan. [2022 CleanTechnica reader survey](https://www.surveymonkey.com/r/JHTQ7VK)for a chance to [win an electric bike](https://cleantechnica.com/2022/11/25/cleantechnica-reader-survey-win-an-ebike/). Remember that Tesla has consistently said that the Model Y has similar costs to build as the Model 3. A Tesla Model 3 at less than $30,000 would make it very difficult for Toyota to sell very many Camrys and for Honda to sell very many Accords. I think we will see a more affordable Model 3 and Model Y available over the next year. A more entertaining way to follow the market is to listen to Lucky Lopez on his [YouTube Channel](https://www.youtube.com/watch?v=61Pr5j7fMAU). On January 1st, I expect Tesla to announce that it will be eligible for the $7,500 tax credit. So, Tesla was worried that if people reserved cars two or three years in advance and inflation caused the price of labor and materials to go up, they could get in trouble and have to sell the cars at break-even or a loss. He said (consistent with Tesla mission to accelerate the transition to electric vehicles) that he would choose growth over profitability, as long as Tesla had sufficient cash reserves to avoid any chance of bankruptcy. The apples to apples comparison is $49,990 to $65,990, a $16,000 or 32% increase! [Model 3 could be as affordable as driving a Honda Accord or Toyota Camry](https://cleantechnica.com/2022/07/14/my-tesla-model-3-tco-estimate-sucked-model-3-was-cheaper-to-drive-than-most-camrys/). I’ve been a fan of the Model 3 and Model Y and my family presently owns 2 Model Y vehicles and 1 Model 3.

Tesla says devices can charge anywhere on the mat -- except smartwatches.

That's the new name for Aira, a technology that had previously been used in charging mats released by Nomad, which had tried to succeed where Apple's AirPower failed with multi-device wireless charging mats. But the mat looks so small that it might be hard to cram three phones on it. Tesla revealed a wireless charging mat of its own, which does have an angular look to it, though it lacks the Cybertruck's futuristic silver-chrome hue.