Tesla Stock: Billions Of Dollars Are Flying Away Because Of New Factories!

Tesla price (TSLA): what is the current price?

Here’s Tesla’s live course.

New #Tesla auto plants in Texas and Berlin are ‘losing billions of dollars’ due to battery shortages and port issues in #China 🇨🇳 CEO Elon Musk said 🎥 @Reuters

According to Elon Musk, this financial abyss is explained by a shortage of electric batteries on the market, due in particular to port problems in China where several materials are blocked. This leads to the production of a “tiny” number of cars.

Consequences to be expected

One of the first consequences of the difficulties encountered on the gigafactories of You’re here relates to employment. The American giant has already dismissed 500 workers of the Nevada plant in early June and the CEO announced a 10% reduction in all staff.

Dependence on China … and if all these factory walkouts were just a Chinese strategy to consolidate their hold on the West … https://t.co/Ow4jFYmGK3

In addition, a drop in vehicle deliveries is to be expected for the second part of 2022, with a figure of 273,000 put forward by FactSet analysts, against 310,000 in the first quarter. This would represent a first for two years, in the variations of deliveries from one semester to another.

We also observe the same trend on the side of brokers since Credit Suisse has revised downwards its price target from 1125 to 1000 dollars, taking into account an EPS estimate reduced from 2.06 to 1.10 dollars for the second quarter of 2022.

💎 How to invest in EU, US and Asian stocks?

European investors could benefit from more than one million trading instruments on Freedom Finance’s Freedom24 investment platform. The platform has transparent and relatively low commissions for buying stocks and ETFs and offers the best terms in Europe for buying US options – $0.65 per contract. Additionally, Freedom Finance is the only broker in the EU market to offer clients the option of buying new shares at their initial price (IPO).

Be vigilant and consult your financial adviser before making any investment decision. Mirror-Mag cannot be held responsible in the event of bad investments. Before using any third-party service, you should do your own research.

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