×
0 -0.000873015873015868 0 -0.00154761904761899 -0.000317460317460254 -0.00194444444444437 -0.000932539682539624 -0.00146825396825387
Stock impact report

Tesla's latest Model 3 price cut reinforces doubts about demand for its vehicles [Los Angeles Times (CA)]

Tesla, Inc (TSLA)  More Company Research Source: Los Angeles Times
Last tesla, inc earnings: 7/24 04:48 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
PDF Tesla Inc. cut the base price of its Model 3 sedan in the U.S. weeks after a federal tax credit shrank in half, renewing concern over whether the electric-car maker can sustain sales with less support from incentives. The Model 3 now starts at $38,990, according to Tesla’s website. Arndt Ellinghorst, an analyst at Evercore ISI, wrote in a report Tuesday that the halving of the U.S. tax credit to $1,875 at the beginning of July is causing the company to reduce prices to support demand. “The key question remains — will Tesla be able to sustain itself given steadily declining ASPs and worsening mix?” Ellinghorst wrote, referring to the average selling prices of the company’s vehicles dropping as the Model 3 becomes a greater share of deliveries, replacing the more expensive S and X models. Tesla shares fell as much as 2.2% to $247.93 shortly after the start of regular trading Tuesday. The stock was down 24% this year through Monday’s close. While the starting price of the Model 3 has fa [Read more]
Impact snapshot Event time: TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Performance comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last price
VWAP
High:
Max up
High:
Low:
Max down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Opt-in for
TSLA alerts
from News Quantified
Opt-in for
TSLA alerts

from News Quantified
Opt-in for
TSLA alerts

from News Quantified