Kelvin YouTuber made a video about
$Tesla (TSLA.US)$ share. As usual he presented lots of data and latest news about the company which I think it's worth watching. Here're the summary:
Tesla as a company is doing well ...*Tesla Giga Shanghai sets new record by selling over 100k vehicles in Nov
*Tesla is planning massive output in Giga Texas Q1 2023
*Tesla Giga Berlin pose for 3 shifts vehicle production
*Tesla Model Y and Model 3 skyrocketed a few days after reservation opens
*Tesla has already delivered 36 Semis to PesiCo with remaining 64 to deploy by 2023
*Tesla Cybertruck truck reaches 1.5 m pre-order
*First 9000 ton Cybertruck Giga press parts arrive at Texas Giga
*Tesla Electric plan in US opened up
*Tesla celebrates opening of 100th supercharger stations in Norway
*Tesla added 30 superchargers and 13 stores in Mainland China in Nov
*Tesla extends FSD (full self driving) access to anyone in North America who request it
*Tesla is on the verge of annoucing a factory in Mexico
Tesla has demand problem ...*Tesla backlog has dropped
* Wait time for new Tesla car has dropped considerably
*Tesla cuts output plan for Shanghai factory in Dec
*Tesla China offers discount on prices until end of the year
Should compare profitability not demand...*Tesla has higher profit compared to its competitors like BYD and Toyota
*Tesla Shanghai factory upgrade boost production by 30%
Tesla share price is dropping ...*US may fall into recession next year
*Recession may be mild but long
*Unemployment rate is projected to hit 5.5%
*China EV sales dropping in Nov but premium car able to do well during recession
*Elon Musk is selling Tesla shares to save Twitter
*Elon Musk gave negative remarks to others using Twitter
Bottom lineTesla is not the only stock that is hitting new low. See
$Apple (AAPL.US)$ Do find out more about the company - be critical and look at positive and negative views. Tesla's rating is dropping and it's up to Elon to do something to restore his followers' confidence which I think he should be doing.