Not even the world's richest man could cancel the Tesla share's plunge on the stock market on Wednesday this week.
Tesla came on Wednesday this week with news that shareholders certainly did not care about. The announcement of a slowdown in the brand's growth sent the brand's value plummeting almost immediately.
The stock plunged by as much as ten percent on the stock exchange in New York. This is written by the financial media Bloomberg .
The stock drop came on top of Tesla's fourth-quarter earnings release. And it appears that many – including Tesla himself – had not hoped.
In fact, both revenue and earnings disappoint. Tesla's management had promised a growth of 50 percent. But had to settle for 38 percent.
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The prospects for an accelerated 2024 do not look too good either. In any case, Tesla management should not expect to see growth rates of 50 percent. In fact, they will probably have to settle for far, far less, predicts the analyst.
– Tesla signals that the days with 50 per cent or just 30 to 40 per cent. annual growth is not going to happen in 2024, Morningstar analyst Seth Goldstein told Bloomberg.
Tesla itself tries to cancel the drop in the share price with the news that it is now looking to launch a new 'cheap car' in 2025.
There's just the problem that director Elon Musk promised exactly the same car in 2018. At the time, he said the car would 'be here in three years' time'.
