What's Hot

    Luxury Fashion Stocks: Have they reached their peak?

    May 26, 2023

    Cryptocurrency Market Update May 2023

    May 25, 2023

    WYNN: Wynn Resorts Limited, Company Stock Evaluation 2023

    May 24, 2023
    Facebook Twitter Instagram
    Twitter LinkedIn
    What the FinanceWhat the Finance
    Subscribe
    • NewsWire
    • Stock Market
    • Crypto
    • Investment Ideas
    • Global Economics
    • Charts
      • World Market Indices
      • Forex Market Live Prices
      • S&P 500
      • Cryptocurrency Prices
      • Fear & Greed Index
    What the FinanceWhat the Finance
    Home»Stockmarket Watch»What Next for Tesla and Elon Musk?
    Stockmarket Watch

    What Next for Tesla and Elon Musk?

    Can TSLA weather yet another storm and thrive?
    Lucy WalkerBy Lucy WalkerMay 5, 2023No Comments3 Mins Read
    tesla
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Despite aggressive price cuts, Tesla’s market share tumbled recently. This could be attributed to the increasing competition in the electric vehicle (EV) space from traditional automakers like Ford and startups like Lucid.

    However, Tesla continues to dominate in the EV market with around 74% of the total EV market share in the US. With a strong brand name, innovative technology, and expanding global presence, Tesla is well-positioned to maintain its leadership for EVs.

    Elon Musk has also lost some momentum with his acquisition of Twitter and several mishaps both for Tesla and his space exploration aspirations, which means investment might be impacted across his operations.

    Volatility in Trading Volumes

    Tesla’s stock price and trading volumes have been volatile due to a range of factors like Elon Musk’s erratic tweets, company earnings, and production delays. Recently, Musk had a rough week across his empire, affecting Tesla, SpaceX, and Twitter.

    Elon Musk lost $13 billion in 24 hours, primarily due to SpaceX’s rocket explosion and disappointing Tesla earnings. However, Tesla stock has quickly rebounded, and its stock price is up in the last 4 months. This might be signaling the market’s confidence in Tesla’s long-term growth prospects and profitability.

    TSLA 2023 04 24 share price

    Technological Changes

    Tesla has a reputation for being one of the most innovative companies in the automotive industry. Recently, the company has focused on rolling out software updates to enhance its cars’ autonomous driving capabilities. Elon Musk is willing to bet Tesla’s profits on a driverless dream.

    This move could cement Tesla’s position as a leader in autonomous driving technology, which is expected to grow into a $556 billion market by 2026. Tesla’s foray into other clean energy verticals like solar energy and Powerwalls could also help the company diversify its offerings and revenue streams.

    Here is a recap of Elon Musk's Twitter space that just ended moments ago, incase you missed it.

    – Elon works 7 days a week, and there are only 2-3 days every year in which he doesn't do some sort of meaningful work.
    – He sleeps 6 hours a night.
    – Linda Yaccarino will operate… pic.twitter.com/UqGqoj6qiL

    — Ed Krassenstein (@EdKrassen) May 16, 2023

    Political Events and Impact on Supply and Demand of TSLA

    Government regulations and incentives can have a significant impact on the demand for electric vehicles. Joe Biden’s recent infrastructure plan allocates $174 billion towards promoting the EV market in the US, which could benefit Tesla.

    However, the supply chain disruptions caused by the pandemic have affected Tesla’s production volumes, leading to delays in fulfilling pre-orders. Additionally, Tesla is facing pressure from investors to improve Elon Musk’s commitment to the company.

    Storms Do Not Last Forever

    Tesla’s brand value, innovative technology, and growing global presence make it a strong contender in the EV market. The company’s stock price has been volatile, but its long-term growth prospects are positive. Tesla’s strategy to diversify its product offerings and focus on autonomous driving technology could lead to higher profitability in the future.

    Author Profile

    Lucy Walker
    Lucy Walker
    Lucy Walker is a journalist that covers finance, health and beauty since 2014. She has been writing for various online publications.
    Latest entries
    • fashion stocksInvestment Ideas2023.05.26Luxury Fashion Stocks: Have they reached their peak?
    • Crypto Market May 2023Crypto2023.05.25Cryptocurrency Market Update May 2023
    • Wynn Resorts (WYNN)Stockmarket Watch2023.05.24WYNN: Wynn Resorts Limited, Company Stock Evaluation 2023
    • sar vs jpyForex2023.05.22Why Does the Saudi Arabian Riyal Keep Rising Against the Yen?
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleFirst Republic Bank Collapse: Who is Next?
    Next Article Gold is Shining: All-Time High Getting Close

    Related Posts

    WYNN: Wynn Resorts Limited, Company Stock Evaluation 2023

    May 24, 2023

    Stock Market Update – Is the Rout Over?

    May 16, 2023Updated:May 18, 2023

    What Are the Perfect Hours to Trade?

    May 15, 2023Updated:May 15, 2023
    Add A Comment

    Leave A Reply

    Luxury Fashion Stocks: Have they reached their peak?

    May 26, 2023

    Cryptocurrency Market Update May 2023

    May 25, 2023

    WYNN: Wynn Resorts Limited, Company Stock Evaluation 2023

    May 24, 2023

    Why Does the Saudi Arabian Riyal Keep Rising Against the Yen?

    May 22, 2023
    Categories
    • Best Deals
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Stockmarket Watch
    Recent Comments
    • Peter Williamson on G7 Summit Japan 2023: Global Economy in Challenging Path
    • what the finance on Bitcoin Just Broke $30,000. Is the Bull Run Incoming?
    • Peter williamson on Bitcoin Just Broke $30,000. Is the Bull Run Incoming?
    • Peter Williamson on How ChatGPT is Impacting the Economy
    • what the finance on GM, Chrysler Struggling to Survive
    Also Check Out

    What Next for Tesla and Elon Musk?

    May 5, 2023

    Space Stocks: The Growing Popularity of Investing in the Final Frontier

    May 17, 2023

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Your source for financial news. This is not financial advice. Our opinions are independent of any financial organizations.

    We're social. Connect with us:

    Twitter LinkedIn
    Top Insights

    Space Stocks: The Growing Popularity of Investing in the Final Frontier

    May 17, 2023

    How ChatGPT is Impacting the Economy

    April 5, 2023

    How To Find The Best Deals For Loans

    March 1, 2023
    Get Informed

    Subscribe to Updates

    Get the latest market news from What The Finance.

    Type above and press Enter to search. Press Esc to cancel.