Did Tesla lose $200 billion?
Tesla Inc. investors haven't had a stretch this bad in a long time time.
Musk reported lost about $182 billion of his net worth since November 2021, according to Guinness, which cited Forbes. Some estimate he lost up to $200 billion, Guinness said at the time. The 2022 dip was also attributed to poor performance of Tesla stock, which plummeted 65% in 2022, according to Guinness.
Threat from China. Tesla has been cutting prices for more than a year in an effort to boost sales as it faces intensifying competition from rivals in China. China's BYD beat Tesla in the final three months of last year, selling more cars than Elon Musk's carmaker for the first time.
Tesla has lost over $94B in market valuation so far in 2024, and Jeff Bezos is threatening to steal Elon Musk's crown as the world's richest person. Elon Musk's net worth has taken a hit after Tesla's rough start in 2024. Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months.
Tesla loses $82 billion in market value after Elon Musk's warning about Chinese EVs—and the path forward is daunting | Fortune.
Brand recognition has played a significant role in recent successful family films, while original films like "Elemental" face a challenging market. The lack of established intellectual property makes it harder to attract audiences.
Let's first answer the critical question — Elon Musk's IQ is around 155. For context, it is believed that Albert Einstein had an IQ between 160 to 165. As such, Elon is way more brilliant than the average person.
Tesla's stock price has dropped by nearly a third in 2024 as the company's sales numbers and profits have disappointed. It's been one of the worst performers in the S&P 500 so far this year. Last year, Tesla sales were up 38% compared to 2022, but investors had expected more.
Tesla's nightmarish start to the year saw its January earnings reveal significant misses for both sales and profits; a 9% year-over-year decline in first-quarter vehicle deliveries, far short of forecasts of 7% growth; and comes ahead of the company's first batch of 2024 financial results Tuesday, which analysts expect ...
Total debt on the balance sheet as of December 2023 : $9.57 B. According to Tesla's latest financial reports the company's total debt is $9.57 B. A company's total debt is the sum of all current and non-current debts.
How many Tesla owners would buy again?
Even though the growth in sales of electric vehicles (EVs) is slowing down the world over, Tesla can perhaps rely on a majority of its existing buyers to once again buy a car from the brand. At least this is what 87 per cent of current Tesla owners in the US said in a survey conducted by Bloomberg Intelligence.
Bullish Tesla investors also point out that the company's revenue growth beyond 2024 is expected to surpass all of the Magnificent Seven other than Nvidia Corp. Its earnings are also projected to bounce back in 2025 after dropping this year, and will be climbing at a faster pace than most other mega-caps.
"Of the 21 individuals who stand a chance of reaching this phenomenal milestone in their lifetime, Elon Musk is predicted to be the first," said CEO Magazine.
By comparison, in 2022, it cost Tesla $49.6 billion to manufacture and sell $67.2 billion worth of electric vehicles, leaving a gross profit of $17.6 billion. That represented a gross profit margin of 26.2%, which declined to 17.1% in 2023, highlighting the effects of Tesla's price cuts.
“Tesla stock enjoyed a premium valuation based on the perception that Musk would keep innovating and because the company had so much potential,” Gerber said, adding that he now thinks Tesla shares may need to fall to about $120, 30% below their current price, before they are an attractive buy again.
In January, Tesla reported in its fourth-quarter earnings that its teams are working "on the launch of the next-generation vehicle at Gigafactory Texas" in 2024. Tesla had previously said it would first be produced in Mexico, at its new planned factory.
He exercised his options to buy Tesla shares at the 2012 price, a move that caused the equity in those options to be taxable to him as wages. That became the source of the overwhelming bulk of Musk's 2021 tax liability.
Along with donating nearly $100 million to seed his newest charity, it also made gifts to disaster relief nonprofit World Central Kitchen, Khan Academy and a donor advised fund at Fidelity Charitable, according to its most recent tax forms.
Elon Musk's fortune still exceeds that of Arnault, chairman of luxury goods maker LVMH, by about $33 billion. Elon Musk's fortune slumped $20.3 billion Thursday after Tesla Inc. warned it may have to keep cutting the prices of its electric vehicles, sending shares tumbling.
Einstein IQ: 160+, Bill Gates IQ: 150+, Elon Musk IQ: 155, Zuckerberg IQ: 152, Sunny Doel's IQ: over 160.
Who has a 400 IQ?
It's hard to believe such people exist. Nata-bird wrote: Adragon De Mello (IQ Score: 400)His record was broken in 1994 by another student, but today, De Mello is known to have one of the highest IQ scores in all of human history – an IQ score of 400!
This value is derived from SAT score averages, a method with a strong correlation to IQ (correlation coefficient of 0.8), making it a credible and scientific estimation. What is Bill Gates IQ? Bill Gates's IQ is 157 ± 6, according to our mathematical analysis based on SAT score averages.
Better still, Elon Musk, Tesla's CEO, claims every new Tesla battery should last between 300,000 and 500,000 miles. The U.S. Department of Energy uses 15,000 miles a year as its assumed standard range of annual driving for consumers, which would put Tesla's battery life at between 20 and 33 years.
The life expectancy of a Tesla car can vary, but many Tesla owners report their vehicles lasting well over a decade with proper maintenance. Tesla's battery and drive unit warranty usually spans 8 years or a specified mileage limit, which can offer a useful guideline.
The company reported this month that its worldwide sales had fallen sharply from January through March as competition increased worldwide, electric vehicle sales growth slowed and earlier price cuts failed to lure more buyers. It was Tesla's first year-over-year quarterly sales decline in nearly four years.
