Tesla Runs Out Of Juice Again
Tesla runs out of juice again
Tesla cars are so fricken cool!!! Prices for the cult stock Tesla tanked again this week. Tesla this week reported a better than expected Q3 earnings report, so why did the stock tank? Essentially Tesla has become so hyped that anything better than perfect will cause turmoil for this stock. So much performance is expected form the company that to not perform to that expectation will effect the stock price. In this quarter Tesla outperformed their own goals of selling 5000 new model S cars, however investors were expecting no less than 5850 cars. Tesla delivered around 5500 new models. Now the problem is not that there is not demand for the car. Tesla actually can not keep up with their demand, and this is not their fault. Currently they are having shortage of batteries which is slowing down sales. Even though this set back is not Tesla's fault it still had a negative affect on stock price because of the unreasonable expectation set for the company. The result of this set back send stocks plunging yesterday dropping from $176 to $142 where it sits today. The fall was so rapid yesterday it triggered the exchanges short sale circuit breaker (this does not happen often). This breaker temporarily stops sales of borrowed shares. Analysts estimate the stocks actual value is somewhere around 141$. However with the amount of hype and attention the company is getting, this stock will likely still see a lot of dynamic change. Rising on minor achievements and crashing on small setbacks.
More Posts from Ronbowlens and Others
The Verge Holiday Gift Guide 2013
We’ve got you covered
Lancia STRATUS……
Learn what type of impact a credit rating score downgrade can have on your personal life and what steps you can take to recover from a downgrade.
What’s the best way to spend $600 on games right now?
Microsoft and Sony have just kickstarted the next generation of games with the new Xbox One and PlayStation 4. As of today, they’re simply powerful, relatively affordable new boxes that play games. Tomorrow, they could be capable of much, much more.
VIDEO: Kaley Cuoco Getting Married on New Years Eve
Kaley Cuoco has set a date for her wedding! The actress will reportedly start 2014 as a married…
View Post
KKR to invest in China
Supported by their global institute run by David Petraeus and Ken Mehlman KKR has been expanding into Asian markets. In China specifically they have recently agreed to buy a 10% stake in Qingdao Haier Co Ltd. a large appliance maker. This stake in QHC is KKR's biggest investment in China to date and is their third asian deal with in a week. The investment is speculated to be around $550 million, a small portion of their $6 billion Asian investment fund. KKR expects to see a large growth in the appliance market in China, at lease 1/5th in the next two years and they are not the only ones. Two months ago Whirlpool Corp, the worlds larges appliance maker also invested a similar sum into China.
The role everyone has is simply coming out and telling their story to their family and their friends and their colleagues. There are so many examples every day
Kenneth Mehlman is awesome
Remembering Nelson Mandela’s 1993 visit to Chicago:
“It was emotional for all of us. To be in the presence of someone so committed to a cause, you rarely meet people in your life like that.” Via Crain’s Chicago Business
Typhoon Haiyan: When Do You Say “It’s Time To Start Talking About Climate Change?”
Super Typhoon Haiyan devastated the Philippines, sweeping the island nation with near-record winds…
View Post
UPDATE: The earlier rumors have been confirmed: People’s Bank of China told more than 10 third-party payment service providers yesterday not to give clearing services to online Bitcoin exchanges, China Business News reports, citing a central bank meeting with the companies. This news is pressuring Bitcoin to $678 (on Mt.Gox) but more notably, BTC China rates imply a $588 equivalent price - down 57% from its highs. From a $100-plus premium, BTC China now trades $130 cheap to Mt.Gox as the ‘arb’ flips.
Continued
