Tesla's stock price has just Fallen to a new all-time low but what happened to cause this massive price crash stay tuned to find out welcome to trade daily where we break down all the best stock market news like And subscribe to keep up to date with the stock market and I really hope you enjoy this video Tesla brought back an insurance subsidy purchased in China through year end following a price cut in late October as the EV giant tries to boost demand amid soaring production meanwhile CEO of Elon


Musk continues to spend a lot of time with his recently acquired Twitter analysts say to our concerns his tweets and moves could tarnish His Image and thus Tesla's brand and Tesla stock Tesla stock continued to sell off Tuesday closing in on a May 2021 low Tesla is also recalling more than forty thousand two thousand Seventeen Dash 2021 Model S and model X Vehicles over a possible power steering assist feature Reuters also reported Tuesday Tesla is handling the recall via an over-the-air update on Tuesday Tesla


announced a November Insurance subsidy worth 8 000 Yuan 1 100 for people buying its Eevee in inventory as the company looks to increase orders in December the subsidy will be reduced to 4 000 Yuan 550 Tesla previously introduced a 7 000 U.N Insurance subsidy on all vehicles in late September as wait times for its EV fell essentially to Zero from act 1 Tesla has offered zero percent down payments and preferential loan rates those incentives served as de facto price cuts Tesla cut actual model 3 and


model y prices in China on OCT 24 by as much as nine percent following those October price Cuts Tesla briefly eliminated the insurance subsidy it had implemented in September before Reviving it Tuesday since Elon Musk took over Twitter on OCT 28 he slashed roughly half of the social media site staff while tweeting frequently about his plans politics and more there are concerns that must is distracted from running Tesla as well as worries that he could be hurting his image which could spill over to Tesla's brand there is


still some speculation that musk will need to sell more Tesla stock to cover his career takeover costs Tesla delivered 71 704 vehicles from its newly upgraded Shanghai plant in October according to the China passenger car Association that was up 32 vs a year earlier but down nearly 14 percent from the record 83 135 in September Tesla exported a record 54 504 vehicles from the Shanghai plan in October and sold 17 200 in China the global evgi reported Q3 deliveries of 343 830 cars up 42 vs a year earlier and above q1's record 310


048 however that was well below analyst estimates the company said it faced logistical challenges throughout the quarter and that there were vehicles in transit and just before we continue we're giving away a 50 Amazon gift card every single day you just need to subscribe to the channel like this video and get the Bell on also comment at love trade daily to lock in your entry winners will be contacted privately good luck now let's not waste another second and get right back into the video


Tesla produces the luxury Model S sedan the model X SUV as well as the model 3 sedan and the model y crossover other vehicles in The Works include the semi and cyber truck musk has said the Cyber truck is on track from mid-minded 2023 rollout and that the Tesla semi will begin deliveries by the end of 2022 he tweeted in October that Tesla was starting production on the Tesla semi-tractor trailer trucks deliveries to PepsiCo were set to begin on deck one must as the electric semi trucks will have a 500 mile range per charge Tesla


production is surging especially in China so demand needs to rise substantially in Q4 and Beyond a Max Supply China EV subsidies expire on Deck 31 while Germany will reduce its subsidies as of Jam one that should pull forward demand for Tesla and other EV makers what could mean weaker demand in the new year unofficial China vehicle registration data for the first week of the month shows the U.S EV giant trailing rival B yd by a large margin for overall vehicle unit sales new vehicle insurance registrations in China between ox31 nav


six total 1 out of 10 539 up 43 compared to last year but down 12 from the previous week CNE post reported Tuesday byd the world's largest maker of EV and plug-in hybrids in China's largest seller of pure electrics led the way with 37 168 Insurance registrations Elon Musk Tesla was second with 11 195 registrations China EV startups Neo lie Auto and x-pang were far behind but among the top 14 vehicle manufacturers Tesla stock fell three percent to 191.10 in Tuesday's market trading what


was well off the session low 186.75 as the broader Market gained steam Shares are down more than 40 on the year approaching May 2021 lows according to Market Smith analysis Tesla stock has sold all hard since musk's Square takeover and on Monday Tesla stock hit its lowest level in about 18 months and the shares continue to move further below the notable 200 level Tuesday as of 1 53 PM ET the stock was trading down by 1.5 percent after having touched a new 52-week low of about 187 dollars per


share the Catalyst for Tuesday's decline may have been a new vehicle recall according to the national highway traffic safety administration the recall involves just over forty thousand two thousand Seventeen dashed 2021 Model S and model X electric vehicles the issue is the potential for the EVS to lose power steering assistance under certain road conditions such as bumps and potholes Tesla began to send out over-the-air software updates on OCT 11 to recalibrate the vehicle systems but after receiving alerts related to the


calibration values Tesla decided to voluntarily recall the affected vehicles as of the start of November the problem had been addressed in almost all involved Vehicles so the direct impact to Tesla's business should be minimal but it's another blow to the brand CEOs Elon Musk has repeatedly been in the news surrounding his recent takeover of Twitter since that deal closed musk has made numerous public comments via the social media platform that may not be helping Tesla's brand on Tuesday a senior Barons writer


published a column in which he warned that musk's dealings at Twitter may be negatively impacting Tesla's shares whether his ownership of the social media platform distracts mus from his duties as Tesla's CEO may not be the issue as Tesla has grown he has managed to also run SpaceX and his other businesses but must did take on debt to close his Twitter purchase and it's conceivable that the cash flow from the business alone won't cover those debt obligations if he is forced to liquidate more Tesla


stock it could have the short-term effect of driving down the price and leading others to sell the stock to Elon musk's net worth slips below 200 billion dollars as Tesla shares waiver Elon musk's net worth dropped below 200 billion dollars on Tuesday as investors dump Tesla Inc shares on fears the top executive and largest shareholder of the world's most valuable electric vehicle maker is more preoccupied with Twitter musk now has a net worth of 194.8 billion dollars according to Forbes with


a big share of that coming from his nearly 15 stake in Tesla which has a market value of 622 billion dollars the company has lost nearly half its market value and his net worth has dropped by 70 billion dollars since he bid for Twitter in April Tesla dips as investors worry over musk's attention to Twitter investors initially fled Tesla on worries over share sale by musk who has divested at least 15 billion dollars worth of stock he closed the 44 billion dollars deal last month with 13 billion


dollars in loans and a 33.5 billion dollars Equity commitment now Wall Street fears that musk has stretched himself too thin a time when the EV maker is ramping up production and faces Rising competition it seems like Elon Musk is spending 100 of the time on Twitter and no it might need more Capital said Jay Hatfield that infrastructure Capital Management since buying Twitter musk has made very few tweets on Tesla a practice that helped him gain traction on the platform he has instead used Twitter to


announce plans for the social media company such as the eight dollars per month subscription for Blue Tick verification the net worth of the world's richest person who also owns rocket company SpaceX is roughly 40 billion dollars more than the second richest person lvmh owner Bernard Arnold shares were down two percent at 193.7 in afternoon trading falling for a third straight session this news May leave you feeling a bit hopeless about the future of Tesla but experts have predicted Tesla will be worth an incredible four


to five thousand dollars per share in 2030. watch this video here to find out exactly how and with that we've come to the end of the video I'd like to give a huge shout out to anyone who's made it this far I hope you enjoyed the video I'd also like to make it clear that this is a news and entertainment video not investment advice you should always do your own research and speak to a financial advisor before making any Investments thank you all so much for your support don't forget to like And


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