{"id":9275,"date":"2024-04-23T07:00:19","date_gmt":"2024-04-23T04:00:19","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=9275"},"modified":"2024-04-23T07:00:19","modified_gmt":"2024-04-23T04:00:19","slug":"tesla-shares-tumble-on-price-cuts-in-run-up-to-earnings","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=9275","title":{"rendered":"Tesla shares tumble on price cuts in run-up to earnings"},"content":{"rendered":"<div><img decoding=\"async\" src=\"http:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/tesla-shares-tumble-on-price-cuts-in-run-up-to-earnings.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>Tesla (TSLA.O) tumbled 4 per cent on Monday, as its latest global price cuts fanned Wall Street concerns about dwindling margins at the electric-vehicle maker in the run-up to its earnings report later this week.<\/p>\n<div class=\"cypru-video-ads\" id=\"cypru-719206929\">\n<div id=\"cypru-204636509\" data-cypru-trackid=\"478051\" data-cypru-trackbid=\"1\" class=\"cypru-target\">\n<div id=\"gpt-ad-9054732373461-0\">\n<\/div>\n<\/div>\n<\/div>\n<p>The <strong>company slashed prices by up to $2,000 on its vehicles<\/strong> such as the Model 3 and Model Y in several markets including the US, China and Germany over the weekend, in its latest effort to boost demand slowed by high interest rates.<br \/>\nThe cuts come ahead of its quarterly earnings on Tuesday, with the world\u2019s most valuable automaker expected to post its first revenue drop and lowest gross margin in nearly four years, according to LSEG data.<br \/>\nInvestors are awaiting clarity from CEO Elon Musk on Tesla\u2019s strategy after he cut 10 per cent of the company\u2019s staff last week and said focusing on autonomous driving was a \u201cblindingly obvious\u201d move.<br \/>\nMusk had earlier this month announced an event in August to unveil its \u201cRobotaxi\u201d, after a Reuters report on April 5 said Tesla had scrapped its plan to develop its long-awaited affordable EV in favor of robotaxis. Musk said after the report that \u201cReuters is lying\u201d, without citing any inaccuracies.<br \/>\nWedbush Securities analyst Dan Ives wrote in a preview note last week that the earnings would be a \u201cmoment of truth\u201d and \u201cone of the most important moments in the company\u2019s history\u201d.<br \/>\nTesla shares were down at $141.1 on Monday. The shares have lost about 41 per cent of their value so far this year with surveys and experts saying Musk\u2019s tilt toward right-wing politics and polarizing public statements turned away some prospective buyers of its cars.<br \/>\n<strong>Monday\u2019s drop was set to erase about nearly $20 billion from its market value of $468 billion<\/strong>, based on its total outstanding shares.<br \/>\nWhile Tesla remains the world\u2019s most valuable automaker, Toyota (7203.T) has slowly been narrowing the gap on the back of a boom in demand for its hybrid vehicles.<br \/>\nThe Japanese automaker had a market capitalization of $306 billion, as of its last close.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla slashed prices by up to ,000 on its vehicles in several markets including the US, China, and Germany.<\/p>\n","protected":false},"author":3,"featured_media":9276,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1521,3212,4950,1664,486,2577,3,2369,4893,2403,641,7563,1969,6117,576,250,3330,658,899,1401,3404,387,34,3331,301,5838,7313,1033,4620,5612,3798,805,380,3438,2463,255,18],"class_list":["post-9275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-1521","tag-autonomous-driving","tag-buyers","tag-cars","tag-china","tag-concerns","tag-cyprus","tag-data","tag-demand","tag-driving","tag-earnings","tag-earnings-report","tag-elon-musk","tag-event","tag-germany","tag-google","tag-google-news","tag-history","tag-interest","tag-interest-rates","tag-investors","tag-lost","tag-markets","tag-news","tag-politics","tag-price","tag-price-cuts","tag-prices","tag-report","tag-revenue","tag-shares","tag-tesla","tag-us","tag-vehicle","tag-vehicles","tag-wall-street","tag-world"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tesla shares tumble on price cuts in run-up to earnings<\/title>\n<meta name=\"description\" content=\"electric vehicles. Tesla, price cuts, earnings report\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla shares tumble on price cuts in run-up to earnings\" \/>\n<meta property=\"og:description\" content=\"electric vehicles. Tesla, price cuts, earnings report\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ch.jfdi.cc\/?p=9275\" \/>\n<meta property=\"og:site_name\" content=\"ch.jfdi.cc\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-23T04:00:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/tesla-shares-tumble-on-price-cuts-in-run-up-to-earnings.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1294\" \/>\n\t<meta property=\"og:image:height\" content=\"862\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Cyprus Mail\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cyprus Mail\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9275#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9275\"},\"author\":{\"name\":\"Cyprus Mail\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/606e0fbe40ab1cad97176ec3e4e248f8\"},\"headline\":\"Tesla shares tumble on price cuts in run-up to earnings\",\"datePublished\":\"2024-04-23T04:00:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9275\"},\"wordCount\":348,\"image\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9275#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/tesla-shares-tumble-on-price-cuts-in-run-up-to-earnings.jpg\",\"keywords\":[\"000\",\"autonomous driving\",\"buyers\",\"cars\",\"china\",\"concerns\",\"Cyprus\",\"data\",\"demand\",\"driving\",\"earnings\",\"earnings report\",\"Elon Musk\",\"event\",\"germany\",\"Google\",\"Google News\",\"history\",\"interest\",\"interest rates\",\"investors\",\"lost\",\"Markets\",\"news\",\"politics\",\"price\",\"price cuts\",\"prices\",\"report\",\"revenue\",\"shares\",\"Tesla\",\"US\",\"vehicle\",\"vehicles\",\"Wall Street\",\"World\"],\"articleSection\":[\"Other\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9275\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9275\",\"name\":\"Tesla shares tumble on price cuts in run-up to earnings\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9275#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9275#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/tesla-shares-tumble-on-price-cuts-in-run-up-to-earnings.jpg\",\"datePublished\":\"2024-04-23T04:00:19+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/606e0fbe40ab1cad97176ec3e4e248f8\"},\"description\":\"electric vehicles. Tesla, price cuts, earnings report\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9275#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9275\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9275#primaryimage\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/tesla-shares-tumble-on-price-cuts-in-run-up-to-earnings.jpg\",\"contentUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/tesla-shares-tumble-on-price-cuts-in-run-up-to-earnings.jpg\",\"width\":1294,\"height\":862,\"caption\":\"Tesla shares tumble on price cuts in run-up to earnings\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9275#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/ch.jfdi.cc\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tesla shares tumble on price cuts in run-up to earnings\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#website\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/\",\"name\":\"ch.jfdi.cc\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ch.jfdi.cc\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/606e0fbe40ab1cad97176ec3e4e248f8\",\"name\":\"Cyprus Mail\",\"sameAs\":[\"https:\\\/\\\/cyprus-mail.com\\\/\"],\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/?author=3\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tesla shares tumble on price cuts in run-up to earnings","description":"electric vehicles. Tesla, price cuts, earnings report","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"Tesla shares tumble on price cuts in run-up to earnings","og_description":"electric vehicles. Tesla, price cuts, earnings report","og_url":"https:\/\/ch.jfdi.cc\/?p=9275","og_site_name":"ch.jfdi.cc","article_published_time":"2024-04-23T04:00:19+00:00","og_image":[{"width":1294,"height":862,"url":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/tesla-shares-tumble-on-price-cuts-in-run-up-to-earnings.jpg","type":"image\/jpeg"}],"author":"Cyprus Mail","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Cyprus Mail","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ch.jfdi.cc\/?p=9275#article","isPartOf":{"@id":"https:\/\/ch.jfdi.cc\/?p=9275"},"author":{"name":"Cyprus Mail","@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/606e0fbe40ab1cad97176ec3e4e248f8"},"headline":"Tesla shares tumble on price cuts in run-up to earnings","datePublished":"2024-04-23T04:00:19+00:00","mainEntityOfPage":{"@id":"https:\/\/ch.jfdi.cc\/?p=9275"},"wordCount":348,"image":{"@id":"https:\/\/ch.jfdi.cc\/?p=9275#primaryimage"},"thumbnailUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/tesla-shares-tumble-on-price-cuts-in-run-up-to-earnings.jpg","keywords":["000","autonomous driving","buyers","cars","china","concerns","Cyprus","data","demand","driving","earnings","earnings report","Elon Musk","event","germany","Google","Google News","history","interest","interest rates","investors","lost","Markets","news","politics","price","price cuts","prices","report","revenue","shares","Tesla","US","vehicle","vehicles","Wall Street","World"],"articleSection":["Other"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/ch.jfdi.cc\/?p=9275","url":"https:\/\/ch.jfdi.cc\/?p=9275","name":"Tesla shares tumble on price cuts in run-up to earnings","isPartOf":{"@id":"https:\/\/ch.jfdi.cc\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ch.jfdi.cc\/?p=9275#primaryimage"},"image":{"@id":"https:\/\/ch.jfdi.cc\/?p=9275#primaryimage"},"thumbnailUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/tesla-shares-tumble-on-price-cuts-in-run-up-to-earnings.jpg","datePublished":"2024-04-23T04:00:19+00:00","author":{"@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/606e0fbe40ab1cad97176ec3e4e248f8"},"description":"electric vehicles. Tesla, price cuts, earnings report","breadcrumb":{"@id":"https:\/\/ch.jfdi.cc\/?p=9275#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ch.jfdi.cc\/?p=9275"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/ch.jfdi.cc\/?p=9275#primaryimage","url":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/tesla-shares-tumble-on-price-cuts-in-run-up-to-earnings.jpg","contentUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/tesla-shares-tumble-on-price-cuts-in-run-up-to-earnings.jpg","width":1294,"height":862,"caption":"Tesla shares tumble on price cuts in run-up to earnings"},{"@type":"BreadcrumbList","@id":"https:\/\/ch.jfdi.cc\/?p=9275#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ch.jfdi.cc\/"},{"@type":"ListItem","position":2,"name":"Tesla shares tumble on price cuts in run-up to earnings"}]},{"@type":"WebSite","@id":"https:\/\/ch.jfdi.cc\/#website","url":"https:\/\/ch.jfdi.cc\/","name":"ch.jfdi.cc","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ch.jfdi.cc\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/606e0fbe40ab1cad97176ec3e4e248f8","name":"Cyprus Mail","sameAs":["https:\/\/cyprus-mail.com\/"],"url":"https:\/\/ch.jfdi.cc\/?author=3"}]}},"_links":{"self":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts\/9275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9275"}],"version-history":[{"count":0,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts\/9275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/media\/9276"}],"wp:attachment":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}