Tesla (TSLA) stock has fallen almost 40% year-to-date. Wedbush Securities Managing Director Dan Ives discussed Tesla’s recent performance and what the company’s future may look like moving forward. Ives joined Yahoo Finance Live on April 18, 2024.
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He needs to be replaced as CEO! We need a stable-mined CEO (i.e. Tim Cook, Jamie Diamond, Reed Hastings)
it’s over for that. Building EVs is a LOT more vertically integrated that traditional auto makers, more specifically, it’s integrated into China. There’s not one monolithic part that holds by far the majority of the cars value with ICEs. With EVs, it’s the Chinese battery. For this reason alone, US made EVs are a loosing bet and their integration goes way beyond that. EVs, due to their lower part count as well as universal, skateboard type design also don’t need the ongoing design/R&D work needed to adapt ICE platforms to new models.
Dan Ives intelligence is running thin.
Thats all businesses…there are darker days ahead…US is crying about China “over capacity” but while we fought Iraq and Afghanistan wars…they invested in their economy
If you buy Any Tesla product !
You are supporting Trump !
The worm has turned for Musk !
The only way employees found out they had been played off, is when they reported to work and their Key cards didn’t work !
It’s deeper than what thus guy is talking about.
People are finally see who Elon Musk really is !
Tesla stock is just correcting…. The market is coming to terms with the fact that Tesla is an auto manufacturer with a VERY limited and aging model line up…. Not a tech company there’s at least a 75%drop coming, the only question is how fast…..