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. Heating Oil Stockpiles. The value of the indicator has increased from -0.038M to 0.153M
Today at 2:30 PM
United States. Gasoline Inventories. The value of the indicator has decreased from -2.504M to -4.084M
Today at 2:30 PM
United States. Gasoline Production. The value of the indicator has increased from -0.275M to 0.222M
Today at 2:30 PM
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from -0.648M to -1.702M
Today at 2:30 PM
United States. Crude Oil Inventories. The value of the indicator has decreased from -2.313M to -4.306M
Today at 2:30 PM
Top news
European Union. GDP (QoQ). The value of the indicator remained at the same level of 0.1%
Today at 9:02 AM
United States. CPI (YoY). The value of the indicator has increased from 3.3% to 3.8%
Yesterday at 12:30 PM
United States. Nonfarm Payrolls. The value of the indicator has decreased from 185K to 115K
8 May
United States. Unemployment Rate. The value of the indicator remained at the same level of 4.3%
8 May
European Union. Retail Sales (MoM). The value of the indicator has increased from -0.3% to -0.1%
7 May
All news

Forecasts

USDCAD buy
Period: 13.06.2026 Expectation: 1000 pips
Go long on USDCAD with 1.38800 target in play
FA Other Indicators and reports Chart analysis Hot news
Today at 10:48 AM 14
Sinclair_John
Natural gas buy
Period: 20.05.2026 Expectation: 100 pips
Natural gas prices are correcting within upward channel ahead of another rally
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Today at 09:39 AM 11
Lyra_Moonwell1
NVIDIA Corporation buy
Period: 20.05.2026 Expectation: 1000 pips
Investing in NVIDIA stock with $230 in sight
FA Other Indicators and reports Chart analysis Hot news
Today at 09:06 AM 10
Reed_Marcus
EURUSD sell
Period: 20.01.2028 Expectation: 500 pips
Hot US inflation and geopolitical jitters weigh heavily on EURUSD
Technical analysis FA Other Indicators and reports Indicators Fundamental analysis
Today at 06:26 AM 16
Emily_Foster
BTCUSD buy
Period: 12.06.2026 Expectation: 4700 pips
Invest in Bitcoin up to $86,000
FA Other Indicators and reports Chart analysis Hot news
Yesterday at 10:09 AM 32
Reed_Marcus
GBPUSD buy
Period: 31.05.2026 Expectation: 1900 pips
Buying GBPUSD on low US inflation
Indicators and reports Chart analysis
Yesterday at 09:54 AM 35
Bruce_Powers
Go to forecasts