Tesla shares are trading close to their lowest level in history, and as StephenWilmot explains, falling demand and Elon Musk’s Twitter purchase may be driving shares down WSJWhatsNow
Even after a roughly 50% decline this year, the electric-vehicle pioneer’s shares are pricing in an unusual level of industry dominance
Tesla rolled out its first all-electric semitrailer truck on Thursday. The Semi was first revealed by Elon Musk five years ago. Photo: Tesla/ReutersElectric vehicles are often described as iPhones on wheels. After a horrible few months for Tesla shareholders, the question is just how far the comparison goes.
Tesla shares have roughly halved this year, worse than most of the EV maker’s big peers in both the auto and tech industries. Much of the underperformance has come in the past three months, amid two broad concerns. One is that demand for its products is no longer racing ahead of increasing supply, . The other relates to risks surrounding Chief Executive Elon Musk’s purchase of Twitter, which came together in October.
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