$Tesla (TSLA.US)$ Will go below USD200.

新手谷多多 : What is the reason?

NoGreedy 新手谷多多 : Every financial report day is a bumper harvest festival for investors.

KD99 OP 新手谷多多 : The volatility this year has been significant. From the beginning of the year to mid-April, the stock plummeted by more than 40%. After the first-quarter financial report was released, it rebounded and entered a two-month consolidation phase. In early July, second-quarter car sales exceeded expectations, stimulating rapid growth and offsetting previous losses. However, during the "big rotation" period, Tesla has fallen 22% from its peak in mid-July.
Tesla is down 16.4% year-to-date, performing significantly worse than the S&P 500 index and the Nasdaq index, which have risen 13.9% and 14.5% respectively. Tesla is the only member of the Magnificent 7 with a negative return year-to-date, while the other six have an average increase of 40%.
The automotive industry is under pressure.
Tesla's car sales have declined for two consecutive quarters, reflecting weak market demand and intensified competition. Tesla's car sales in the first quarter fell by 8.5% year-on-year to 386,810 vehicles, the first decline since the second quarter of 2020. In response, Tesla implemented price cuts and low-interest financing, which helped narrow the sales decline in the second quarter to 4.8%, surpassing Wall Street's forecasted 15% decline.

新手谷多多 : Thank you for the reply , great job