Photo: Silas Stein / DPA / Globallookpress.com
The cost of Tesla stock fell below $ 200 for first time in over two years. On the morning of Monday, may 20, during the auction in new York, the price fell to 195,25 per share. The reason was fears that Tesla will not be able to achieve the required performance level of profit in the second half of 2019, according to Bloomberg.
Analyst at investment firm Wedbush Dan Ives, previously known for his optimism about the future of Tesla, says Tesla the situation is extremely dangerous. According to him, there are serious concerns about the prospects for demand growth in the U.S. car model Model 3 in the second half.
In the first quarter, Tesla sold 63 thousand cars. The company expects the second quarter this indicator will be at the level of 90-100 million units, and by the end of the year will reach 360-400 thousand. Ives believes the achievement of such target for the year is actually a daunting task. In his opinion, seem more real numbers in 340-355.
Earlier, Reuters said that the employees of Tesla received a letter from its CEO Elon musk, in which he announced new measures to reduce costs. According to him, if such measures are not taken, the money from the company over 10 months.
In April, Tesla reported for the first quarter, according to which company losses had reached 702 million dollars, well above analysts ‘ forecasts.
Video, photo All from Russia.