{
Paul Wick

People

}
001122334455554433221100
001122334455554433221100

tesla stock surge raises concerns amid weak fundamentals and declining market share

Tesla's stock surged 22% after reporting third-quarter earnings, despite automotive revenue rising only 2% year-over-year and challenges in maintaining profit margins. Hedge fund manager Paul Wick criticized the stock's rebound as disconnected from the company's weak fundamentals, including declining market share and regulatory scrutiny. Wick noted that Tesla's market share of EVs in the U.S. has fallen below 50%, with sales in California declining for three consecutive quarters, while the Cybertruck faced multiple recalls. Despite the stock's recent performance, he remains skeptical about its sustainability given the dire fundamentals.
Institutional Investor
D. E. Shaw Adviser LLC UBS AG Caxton Associates LP Bloomberg Tesla, Inc. USA Paul Wick Elon Musk Vaibhav Taneja Show more
Finance & Economy, Market Report
19:50 28.10.2024
Trending
Subcategory
Corporate News Stock Market Updates Industry Trends Industry Mergers & Acquisitions Finance Mergers & Acquisitions Global Financial Events Banking Regulations Domestic Politics Global Trade Developments Retail and Consumer Goods CEO Changes Startups & Entrepreneurship Market Analysis and Predictions Workplace Trends Central Bank Actions Government Policies Elections & Campaigns Government Economic Policies Supply Chain Management Inflation and Monetary Impact
Countries:
USA CHN CHE GBR DEU ITA FRA IND JPN CAN VNM KOR SGP ARE MEX AUS TWN NLD ESP SAU
Companies:
Tesla, Inc. JPMorgan Chase & Co. Deutsche Bank Money Market PP Apple Inc. UniCredit S.p.A. Banco BPM S.p.A. Barclays PLC Credit Suisse Strategic Income I BNP Paribas SA CREDIT AGRICOLE Amazon.com, Inc. UBS Group AG The Goldman Sachs Group, Inc. SpaceXCoin USD Lloyds Banking Group plc Credit Agricole Banco Santander, S.A. Berkshire Hathaway Inc. Reinsurance Group of America, Incorporated Google Inc.
Currencies:
United States Dollar Euro Swiss Franc British Pound Sterling Chinese Yuan Japanese Yen Indian Rupee South Korean Won Canadian Dollar Australian Dollar Offshore Chinese Yuan Hong Kong Dollar Singapore Dollar Mexican Peso Vietnamese Đồng Norwegian Krone Filipino Peso Indonesian Rupiah New Zealand Dollar Thai Baht
People:
Donald Trump Elon Musk Susan P. Crawford Brad Schimel Sergio Ermotti Andrea Orcel Karoline Leavitt Warren Buffett Jennifer Piepszak Robin Leopold Dan Ives Joe Biden Mike Waltzer Matt Gaetz Bret Baier Kamala Harris Troy L Rohrbaugh Olivier Calvet Ursula von der Leyen JD Vance

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Links

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Save settings
Reset settings
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.