Much like how our phone market is 50, 60 percent iPhone, and then the rest is Android made by a couple of different companies. By that, I mean a force so disruptive that it owns 50 to 60 percent of the market share, and the rest is just split up between some smaller players. I think a lot of the reasons that this stock was so overvalued for such a long time is that so many people really did believe that Tesla had the potential to become the Apple of cars. Here’s How to Handle It.Īnother thing I was going to add: It’s like comparing Tesla to Apple. This Won’t Be the Last Time the East Coast Experiences Wildfire Smoke. Won’t Destroy Us-if We Make a Crucial Change NowĪpple Is Ignoring Something Big About Augmented Reality If he did something like that, and Tesla says, “We’re confident in our ability to deliver,” I think they would shut up a lot of critics, I really do. I think that’s going to be one of the biggest challenges he faces. There’s a lot more options than there were even a year ago, two years ago now. For the first time ever, we’re seeing the really true and viable competitors to Tesla coming out. The charging networks are getting better and better. These are very software-heavy cars, lots of screens, lots of performance. They’re deploying the playbook that Tesla used for years. He’s not going to admit that.īut I also think that the biggest challenge Tesla faces specifically is that every other automaker is getting into the EV arms race, in a big way. With a quick 25 pop on news of a potential buyout, investors may be wise to take the money and run. ![]() I think that’s really antithetical to the Tesla story. Before Musk revealed his stake in Twitter, the stock was around 39. So, what Elon is missing, I think, is, if you’re a Tesla bull, you’re not going to want to admit that demand for these cars is weakening. 12:15 PM PDT Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. If interest rates go up, people aren’t going to be buying cars, even if the pent-up demand is there. They’re struggling to get their EVs on the road, and they’re nervous about ’23, too. Something like 45 to 50 grand is the average new car price. The average new car price is through the roof. Q1 revenue was up 28 year over year as the company excelled with its ad-display business. They all, almost across the board, struggled with production, struggled to get cars out to people, and prices started skyrocketing. On April 29, Twitter released financial results for the first quarter of 2021. I think the whole auto industry is nervous going into 2023 2022 was not great. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. He said if not for these measures, Twitter would have run into negative cash flow within the next year.I think that what he’s saying is definitely part of the equation here. In a Twitter Space late Tuesday, Musk defended his drastic cost-cutting antics and revamp of the paid plan at the company. NYSE:TWTR Twitter (TWTR) Stock Forecast, Price & News Notice: This company has been marked as potentially delisted and may not be actively trading. The company also launched the Blue for Business plan that allows organizations to identify their affiliated brands and employees with an extra badge.Įlsewhere, Elon Musk ran a poll asking people if he should step down as CEO - and 57% of users voted “Yes.” A few days later, Musk said in a tweet: “I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams.” In the past week alone, the company rolled out and quickly rolled back a policy that banned links and handles to other social networks like Facebook, Instagram and Mastadon. It has been a busy couple of months at Twitter since Musk’s arrival on the scene. For example, at the time of writing, stock prices from companies such as Airbnb ($ABNB) and Zoom ($ZM) didn’t show up in the Twitter search. The company added that in the coming weeks it will refine the user experience and add better symbol compatibility. Twitter didn’t specify which symbols are included in the list for direct stock price search results. The social media company has not made it clear if it is forming any kind of commercial partnership with either Robinhood or TradingView. As app researcher Jane Manchun Wong noted, the logo on the image indicates that Twitter is sourcing the data from the TradingView website.
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