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. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 549 to 547
10 October
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has decreased from 422 to 418
10 October
United States. Michigan 1-Year Inflation Expectations. The value of the indicator has decreased from 4.7% to 4.6%
10 October
Canada. Unemployment Rate. The value of the indicator remained at the same level of 7.1%
10 October
United States. Natural Gas Storage. The value of the indicator has increased from 53B to 80B
9 October
Top news
European Union. Retail Sales (MoM). The value of the indicator has increased from -0.4% to 0.1%
6 October
European Union. Unemployment Rate. The value of the indicator has increased from 6.2% to 6.3%
2 October
United States. ISM Manufacturing PMI. The value of the indicator has increased from 48.7 to 49.1
1 October
European Union. CPI (MoM). The value of the indicator remained at the same level of 0.1%
1 October
European Union. Manufacturing PMI. The value of the indicator has increased from 49.5 to 49.8
1 October
All news

Forecasts

Silver buy
Period: 20.10.2025 Expectation: 2500 pips
Silver keeps rising under pressure from fundamentals and technical signals
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Yesterday at 11:53 AM 60
Lyra_Moonwell1
Gold buy
Period: 17.10.2025 Expectation: 7000 pips
Gold is swiftly recovering with $4,100 in sight
Hot news Indicators Chart analysis
Yesterday at 09:07 AM 83
Tom_Kern
S&P 500 sell
Period: 20.10.2025 Expectation: 1900 pips
S&P 500 is under pressure amid trade tensions and corporate earnings releases
Technical analysis FA Other Indicators and reports Indicators Fundamental analysis
Yesterday at 06:16 AM 29
Emily_Foster
AUDCAD buy
Period: 17.10.2025 Expectation: 650 pips
AUDCAD consolidates near key support levels
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
10 October 2025 102
Lyra_Moonwell1
Brent sell
Period: 15.10.2025 Expectation: 90 pips
Selling Brent crude from $65.8 per barrel
FA Other Chart analysis
10 October 2025 80
McCarthy_Raymond
GBPUSD sell
Period: 24.10.2025 Expectation: 2000 pips
GBPUSD decline to accelerate on EMA 200 break
FA Other Indicators Chart analysis
10 October 2025 75
Tom_Kern
Go to forecasts