Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
21 October 2022 | Other

Tesla shares fall amid fears Ilon Musk about declining demand

Tesla Inc

Shares of Tesla Inc have fallen after CEO Elon Musk said it's becoming a little harder for the electric carmaker to attract customers at a time of economic downturn around the world.

Musk said China and Europe are experiencing something akin to a recession, making it a little harder for the company compared to what it would have been under other circumstances.

Musk said he had a "super bad feeling" about the economy and that Tesla would need to cut about 10% of its workforce at its electric car manufacturing facility. He later added that the cuts would only affect full-time employees.

JP Morgan said in its report that the findings are likely to exacerbate the debate about falling demand that arose after third-quarter deliveries were -5% below the company's consensus forecasts.

Company MarketCheese

Recommended

United States. CFTC Copper speculative net positions. The value of the indicator has increased from 73K to 78.8K
Yesterday at 7:30 PM
United States. CFTC Aluminium speculative net positions. The value of the indicator has increased from 0.3K to 0.8K
Yesterday at 7:30 PM
United States. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 161K to 155.9K
Yesterday at 7:30 PM
Australia. CFTC AUD speculative net positions. The value of the indicator has decreased from 60.2K to 41.8K
Yesterday at 7:30 PM
United States. CFTC S&P 500 speculative net positions. The value of the indicator has decreased from -165.8K to -220.8K
Yesterday at 7:30 PM
Top news
United States. Nonfarm Payrolls. The value of the indicator has decreased from 179K to 172K
Yesterday at 12:30 PM
United States. Unemployment Rate. The value of the indicator remained at the same level of 4.3%
Yesterday at 12:30 PM
European Union. GDP (QoQ). The value of the indicator has decreased from 0.1% to -0.2%
Yesterday at 9:01 AM
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0.8% to -0.4%
4 June
European Union. CPI (MoM). The value of the indicator has decreased from 1% to 0.1%
2 June
All news

Forecasts

Brent buy
Period: 12.06.2026 Expectation: 400 pips
Invest in Brent crude up to $102
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 11:41 AM 29
Sinclair_John
AUDCAD sell
Period: 12.06.2026 Expectation: 600 pips
AUDCAD has no clear direction amid de-escalating geopolitical tensions
FA Other Technical analysis Chart analysis Indicators Fundamental analysis
Yesterday at 10:58 AM 20
Lyra_Moonwell1
USDCAD buy
Period: 05.07.2026 Expectation: 2400 pips
Buying USDCAD with 1.41400 target
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 09:06 AM 25
Reed_Marcus
GBPUSD sell
Period: 12.06.2026 Expectation: 800 pips
GBPUSD is stuck in flat trend amid Middle East uncertainty
Indicators and reports FA Other Technical analysis Indicators Fundamental analysis
Yesterday at 07:06 AM 17
Emily_Foster
S&P 500 sell
Period: 11.06.2026 Expectation: 1650 pips
Selling S&P 500 with 7,370 in sight on rising likelihood of Fed’s hawkish policy
FA Other Technical analysis Chart analysis Indicators Fundamental analysis
04 June 2026 39
Lyra_Moonwell1
Gold buy
Period: 05.06.2026 Expectation: 290 pips
Buying gold with $4,770 in view
Indicators and reports FA Other Hot news Chart analysis
04 June 2026 70
Reed_Marcus
Go to forecasts