Tesla's Stock Performance: Suspending New Sales in Japan
2min read Tesla's stock performance over the last two weeks has been a rollercoaster ride, marked by significant volatility and investor sentiment shifts. Heading toward the closing bell on Friday March 7, shares of tesla (TSLA) were trading at $260.98 down 2.47 off 0.94% from yesterday's close.
Recent News and Political Involvement
Recent news about Elon Musk's political involvement and Tesla's market share in Japan has had a notable impact on the stock's volatility and investor sentiment. Elizabeth Warren's public questioning of Elon Musk, along with Mark Zuckerberg and Jeff Bezos, about their lobbying expenditures has led to increased scrutiny and criticism. This political involvement has contributed to a selloff in Tesla's stock, as investors become wary of the political risks associated with the company. Additionally, Tesla's decision to halt the sale of new Model S and X vehicles in Japan due to its lack of market share has further impacted investor sentiment, indicating potential issues with Tesla's global expansion strategy.
Competitor Comparison
Tesla's stock volatility compared to its competitors in the electric vehicle (EV) and technology sectors has been influenced by several key market events and news items. Elon Musk's comments on Tesla's lack of market share in Japan and the halt of sales of new Model S and X vehicles in the country have impacted Tesla's stock performance relative to competitors like Toyota and Honda. Additionally, political and regulatory concerns, such as Elizabeth Warren's questioning of tech giants' lobbying efforts, have added to the uncertainty surrounding Tesla's stock. Trump's proposed tariffs have also raised concerns among companies, including Tesla, although the company's stock has shown resilience in after-hours trading.
Earnings Reports and Financial Performance
Recent earnings reports and financial performance metrics have significantly influenced investor sentiment and stock price movements for Tesla over the last two weeks. Tesla's revenue for the current year is projected to be $113.87 billion, an increase of 16.56% from the previous year. Similarly, the EPS for the current year is expected to be $2.82, a 38.47% increase from the previous year. These positive financial metrics have likely contributed to a more optimistic outlook among some investors. However, concerns about Tesla's deliveries being 16% below expectations and the halt of sales in Japan have added to the volatility and uncertainty surrounding the stock.
Market Capitalization and Trading Volume
Tesla's market capitalization and trading volume have been increasing compared to its competitors, indicating strong investor sentiment and positive market trends. The high market cap and trading volume suggest that investors are confident in Tesla's future prospects and are willing to take on the risk associated with its volatile stock price. This is supported by the company's leadership position in the EV industry and its innovative approach to technology and sustainability.
Tesla's stock price changes over the past three years