Tesla: small jump after a nightmarish 2022


(CercleFinance.com) – Tesla stock is about to end the last session of the year in the green, continuing its favorable trend of the last few days, but the balance sheet for 2022 as a whole is simply catastrophic.

Since the start of the year, the stock price of the electric vehicle manufacturer has collapsed by nearly 65%, making it the worst annual performance since its IPO in 2010.

The American financial centers have also experienced a downturn this year, but much less pronounced. Over the year as a whole, the Nasdaq index has so far fallen by 33%.

The rise in interest rates, the deterioration of the economic situation, the difficulties of the Chinese economy, but above all the Twitter file, made Tesla stock suffer an even more nightmarish year.

In a note released yesterday, Morgan Stanley analysts believe, however, that the recent devaluation of the title offers a good ‘opportunity’ to enter the value, given its technological lead over its main competitors.

For Dan Ives, an analyst at Wedbush Securities who knows the case well, ten conditions must be met before hoping for a rebound on the Tesla stock market next year.

This is, according to him, (1) to entrust the general management of Twitter to someone other than Elon Musk, (2) to stop the sale of Tesla securities by Musk, (3) to set objectives 2023 achievable for Tesla, (4) focus attention on Tesla, not Twitter, and (5) start Cybertruck deliveries before the end of 2023.

The professional also calls for (6) a renewal of the Tesla board of directors, (7) share buybacks, (8) more transparency on profit margins, (9) fewer political subjects addressed by Musk on Twitter and finally (10) the implementation of a strategic plan for Twitter.

Tesla stock is currently up 0.3% on the New York Stock Exchange.

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