The Tesla actions They are no longer booming as in 2021 or 2024. In fact, they are going through a bearish moment that worries the market since it does not show signs of reversing, both from the technical and fundamental point of view.
From the beginning of the year to the present, Tesla’s shares already fall 24%. In this way, they accumulate a loss of value of 40% from the historical maximum recorded in December last year.
Consequently, Elon Musk’s electric car manufacturer went from having a stock market capitalization of US $ 1.54 billion to one of “barely” U $ S951,000 million.
Tesla’s actions do not enjoy good prospects
Unfortunately, the bearish trend seems to be far from finishing. Today, Tesla’s actions are maintained Below the key mobile socks of 50, 100 and 200 days.
“If we analyze Tesla’s technical data, at least in the short term, it would not be surprising to see that the actions fall,” he warned Adam Turnquistchief technical strategist in LPL Financial.
The recent novelties aggravated the situation for the American giant. On Monday, there was a New public confrontation among US president Donald Trump and Musksince the Magant announced the creation of his own political party, a decision strongly criticized by the Republican.
Meanwhile, the new tax and expenses law promulgated by Trump on July 4 eliminates fiscal credit for electric vehicles As of September 30. And according to Wall Street analysts, it is a very discouraging news for Tesla.
Hit for Elon Musk
“The elimination of fines for average corporate fuel consumption (CAFE) requires a readjustment of expectations,” he wrote Jed dorsheimerby William Blair. “Unlike the tax credit for electric vehicles, we foresee that the reduction in income from regulatory credits will directly impact profitability, which will cause a new generalized readjustment of street models,” he added.
On the other hand, the purchase of Tesla shares would not be justified from the fundamental analysis.
The company reported last week that delivered 384,122 vehicles during the second quarterwhich represents a 13.5% drop compared to the same period of the previous year.
Likewise, the projections of action per share for 2025, 2026 and 2027 suffered significant cuts: since October 2022, 77%, 70%and 71%, respectively, according to a recent report by JP Morgan.
Source: Ambito
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