Tesla Stock Down 50% On The Year: To Buy Or Not To Buy? via insideevs.com
by 9 percent in October, and recent reports show Tesla’s Giga Shanghai is shortening shifts, scaling back production and delaying onboarding for new hires.
Tesla isn’t guaranteed to succeed by any metric, though Trefis points out that the company is well-poised to face a long-term, industry-wide shift to electric drivetrains. The community also notes that Tesla’s past margins are some of the auto industry’s best.Major Tesla Shareholder Thinks Elon Musk Should Be Replaced As CEO
As for current and upcoming developments, the team suggests that Tesla’s recent delivery of the Semi is significant, as is the company’s tooling of Gigafactory Texas to begin producing the highly-anticipated Cybertruck next year. In the past year, Tesla also opened and began ramping up production at both Giga Berlin-Brandenburg and Giga Texas, both of which will help expand the automaker’s worldwide production capacity.
There’s no way to predict how Tesla will perform, nor whether its stock is worth buying right now. However, Trefis predicts that Tesla will remain “solidly profitable” as its sales continue to increase, which shareholders may read as a good sign.
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