No Credit Check :: News
SHARE

Share this news item!

Tesla's Longest Decline Amid Musk's Washington Role

Tesla's Longest Decline Amid Musk's Washington Role

Tesla's Longest Decline Amid Musk's Washington Role?w=400
In an unprecedented turn of events, Tesla's shares have been on a consistent downward trend for seven weeks running—marking the longest losing streak in the company's history since it went public 15 years ago.
This slump coincides with Elon Musk's active role in the Trump administration since his move to Washington.
On Friday, Tesla's stocks closed at $US270.48 ($428), plummeting over 10% within the week, reaching their lowest since the previous November's election day when shares were at $US251.44.
The stock's value has drastically declined from its peak of almost $US480 in December, losing a staggering $US800 billion in market capitalization.

Wall Street's response to this decline has been tangible, with major firms such as Bank of America, Baird, and Goldman Sachs reducing their price targets for Tesla. Bank of America's analysts highlighted falling new vehicle sales and the absence of updates on a potential low-cost model as significant concerns, reducing their target from $US490 to $US380. Similarly, Goldman Sachs revised their price target from $US345 to $US320, citing dropping electric vehicle sales in critical markets, including Europe, China, and the US.

The competitive landscape for Tesla, especially in China regarding its Full Self-Driving (FSD) feature, appears to be another pressure point. This partially automated system is sold as a premium option in the US, while competitors in China offer similar smart driving technologies without additional software costs.

The decline in Tesla's stock and the shifting business dynamics underscore the broader challenges the company faces in maintaining its market position. Musk's political involvement and the partnerships he forms in Washington could imply uncertainties affecting the company's consumer demand and investor confidence. Additionally, Musk's affiliation with the Trump administration, coupled with his polarizing public statements, may contribute to rising anti-Musk and anti-Tesla sentiments, evident through protests and vandalism at Tesla facilities in both the US and Europe.

These developments come at a pivotal moment when Tesla needs to strategically navigate production adjustments for its new Model Y SUV and counterbalance Musk's controversial public persona, which could adversely impact the brand's public perception and products' desirability.

Looking forward, the implications for Tesla could be multifaceted. Investor focus might shift further from Musk's political involvements to Tesla's core business metrics and competitive positioning. Moreover, proposals for Musk's dismissal as CEO, as put forth by publications like Cleantechnica, could gather more traction if public sentiment continues to skew negatively.

Despite the market collapse, there are still optimistic outlooks, with Wedbush Securities recognizing this downturn as a strategic buying opportunity, adding Tesla to its "Best Ideas" list and setting a 12-month price target at $US550. The situation presents a "gut check moment" for Musk's supporters and investors, as termed by Wedbush's Dan Ives, necessitating a recalibration of expectations and a re-evaluation of Tesla's trajectory amidst the global shift in sentiment.

Published:Monday, 10th Mar 2025
Source: Paige Estritori

Share this news item:

Finance News

Calls Intensify for Swift Financial Advice Reforms in Australia Calls Intensify for Swift Financial Advice Reforms in Australia
06 May 2025: Paige Estritori

Amid pressing concerns from industry associations, the call for rapid finalization of financial advice reforms in Australia has been amplified. The lack of direction from the Labour government regarding the Compensation Scheme of Last Resort (CSLR) is causing uncertainty in the sector, potentially stalling essential reform work. The impending retirement of Stephen Jones has only added to the speculation surrounding the future of these reforms. - read more
Unlocking Income Opportunities Through Commercial Real Estate Debt Unlocking Income Opportunities Through Commercial Real Estate Debt
06 May 2025: Paige Estritori

Investors are increasingly discovering income prospects in commercial real estate (CRE) without owning property directly. CRE debt investments offer a popular method to generate returns by lending to those requiring capital for commercial property ventures. The investors' gains are derived from borrowing costs, encompassing interest and fees, once fund expenses are deducted. - read more
Navigating the Challenges of Bond Income Distributions Navigating the Challenges of Bond Income Distributions
05 May 2025: Paige Estritori

As global bond yields experience a resurgence, many income-seeking investors face diminishing returns from cash distributions. According to a recent analysis by investment researcher Zenith, a noticeable discrepancy has emerged between the average yields of bond fund portfolios and their actual income distributions. - read more
Westpac Records Slight Profit Drop Amid Geopolitical Risk Concerns Westpac Records Slight Profit Drop Amid Geopolitical Risk Concerns
05 May 2025: Paige Estritori

In a cautious signal to the market, Westpac has recorded a marginal decline in its half-year profit, posting a $3.45 billion result, down by one per cent compared to previous figures. This financial outcome marks the first under the direction of their new CEO, Anthony Miller, who commenced his role in December last year. Westpac has flagged geopolitical unpredictability as a significant ongoing risk, reflecting a challenging environment for the financial sector. - read more
US Federal Reserve Rate Decision Grips Australian Investors US Federal Reserve Rate Decision Grips Australian Investors
04 May 2025: Paige Estritori

The upcoming interest rate decision by the US Federal Reserve is creating significant anticipation among Australian investors. As the announcement is set for Thursday, the market is particularly keen on understanding the future direction beyond the expected maintenance of the current cash rate, which Federal Reserve Chair Jerome Powell has previously indicated for May. - read more
Court Imposes $11 Million Penalty on Advice Firm for Breaching Remuneration Rules Court Imposes $11 Million Penalty on Advice Firm for Breaching Remuneration Rules
02 May 2025: Paige Estritori

The Federal Court has imposed a substantial $11 million penalty on a financial advice firm after discovering the firm breached conflicted remuneration regulations. The case revealed that DOD Bookkeeping, formerly Equiti Financial Services, engaged in practices that involved providing standardized advice that improperly favored in-house property investments. - read more
Strategic Analytics Appointment Boosts La Trobe's Growth Ambitions Strategic Analytics Appointment Boosts La Trobe's Growth Ambitions
30 Apr 2025: Paige Estritori

La Trobe Financial is intensifying its focus on strategic growth with the appointment of Himanshu Yadav as the new Head of Strategic Analytics and Projects. This move aligns with the company's ambitious goal of reaching $30 billion in assets under management, marking a significant milestone in its expansion strategy. - read more
Class Expands Integration with Major Share Registries Class Expands Integration with Major Share Registries
29 Apr 2025: Paige Estritori

Class, a leading accounting software provider, has announced the integration of Automic’s data stream, resulting in comprehensive access to data from major share registries. This move enhances existing connections with BoardRoom, Computershare, and MUFG Pension & Market Services, and gives Class users access to the share registry data of 97% of Australian Securities Exchange (ASX)-listed companies. - read more
Melbourne Man Loses $20k in Costly Email Scam Melbourne Man Loses $20k in Costly Email Scam
29 Apr 2025: Paige Estritori

A Melbourne resident, Brett D’Souza, has encountered a significant financial setback after losing $20,000 through an email interception scam. The funds, earmarked for legal fees, vanished following four bank transfers purportedly initiated under legitimate premises. Yet, only two weeks after the transactions, he discovered he had been a victim of fraud. - read more
Saudi Arabia's Sidra Capital Ventures into Australian Private Credit Sector Saudi Arabia's Sidra Capital Ventures into Australian Private Credit Sector
24 Apr 2025: Paige Estritori

Sidra Capital, a prominent alternative investments manager from Saudi Arabia, has made headlines with the launch of a new private credit investment fund targeting Australia's thriving mining and energy industries. The Sharia-compliant fund, known as the Sidra Asia Pacific Private Investments Sub-Fund I, will be headquartered in Singapore and managed by Sidra's local team there. - read more


Finance Articles

Effective Debt Management Tips for Young Adults Effective Debt Management Tips for Young Adults
Managing debt effectively is crucial for young adults, especially as they start building their financial independence. Understanding how to manage debt properly can help you avoid financial pitfalls and set you up for a stable future. - read more
Loan Hunting with Confidence: How to Check Options Without Credit Damage Loan Hunting with Confidence: How to Check Options Without Credit Damage
Embarking on the journey to secure a loan can feel like navigating a minefield with your credit score as the prize. It's no secret that your credit score is your financial fingerprint, impacting not just your loan prospects but also the terms you're offered. However, the act of loan hunting itself, if not done carefully, can take a toll on this crucial number. - read more
How Your Credit Score Affects Loan Approval and Interest Rates How Your Credit Score Affects Loan Approval and Interest Rates
Your credit score is a crucial part of your financial health. Essentially, it’s a numerical representation of your creditworthiness, calculated based on your credit history. In Australia, credit scores range from 0 to 1200, with a higher score indicating better creditworthiness. - read more
Budgeting Basics to Keep Your Credit Score Healthy While Seeking a Loan Budgeting Basics to Keep Your Credit Score Healthy While Seeking a Loan
Understanding the nuances of financial health is a crucial component in the journey of loan acquisition. It is the bedrock on which potential borrowers build their case for credibility and reliability. Among the myriad of factors influencing your fiscal stability, credit scores stand out as a beacon indicating your creditworthiness to lenders. A robust credit score simplifies the path to securing loans, garnering favorable interest rates, and negotiating better terms. - read more
How to Use Loan Comparison Tools Effectively - A Guide for the Credit-Conscious How to Use Loan Comparison Tools Effectively - A Guide for the Credit-Conscious
When it comes to securing a loan, the terms you agree to can have a lasting impact on your financial wellness. It's crucial to strike a balance between finding a loan that fits your needs and maintaining a healthy credit score. This delicate equilibrium is where loan comparison tools come into play, serving as navigational aids in the vast sea of credit options. - read more
Understanding No-Credit-Check Loans: A Lifeline for Managing Financial Stress Wisely Understanding No-Credit-Check Loans: A Lifeline for Managing Financial Stress Wisely
Financial stress can feel like an unstoppable force, a cycle of worry that impacts not only our peace of mind but also our fiscal health. It represents the anxiety and pressure associated with the inability to meet financial obligations, be it due to unforeseen expenses, unemployment, or a plethora of other reasons. - read more
How to Create a Budget that Keeps Your Debt in Check How to Create a Budget that Keeps Your Debt in Check
Managing debt is a cornerstone of financial wellness. Whether it's credit card debt, student loans, or a mortgage, keeping debt in check helps you maintain a healthy financial state. High levels of debt can lead to financial stress, impacting your overall well-being and limiting your ability to save for future goals. - read more
Quick and Easy Tips to Boost Your Loan Approval Odds Without Affecting Credit Quick and Easy Tips to Boost Your Loan Approval Odds Without Affecting Credit
Loan approval can often be a crucial milestone in achieving your financial goals. Whether you're looking to buy a home, pay for education, or consolidate debt, securing a loan can provide the financial boost you need to move forward. - read more
Choosing the Right Loan for Your Personal Needs in Australia Choosing the Right Loan for Your Personal Needs in Australia
Choosing the right loan can be a pivotal decision in your personal financial journey. In Australia, where a diverse range of loan options is available, selecting the loan that aligns perfectly with your needs is more crucial than ever. A judicious choice can help you fulfill your dreams—be it buying a new home, investing in education, or consolidating debt—while ensuring that the repayments remain manageable and do not lead to financial strain. - read more
How to Improve Your Financial Health and Secure Loans Effortlessly How to Improve Your Financial Health and Secure Loans Effortlessly
Financial health refers to the state of one's personal financial situation. It encompasses a variety of factors, such as income stability, expenses control, savings, investments, and debt management. - read more
Effective Debt Management Tips for Young Adults Effective Debt Management Tips for Young Adults
Managing debt effectively is crucial for young adults, especially as they start building their financial independence. Understanding how to manage debt properly can help you avoid financial pitfalls and set you up for a stable future. - read more
Navigating Financial Uncertainty: Tips for Managing Money Worries Navigating Financial Uncertainty: Tips for Managing Money Worries
Financial stress is a common issue that affects a large portion of individuals, often due to unexpected expenses, unemployment, or a high cost of living. It can lead to both mental and emotional strain, influencing one's quality of life and decision-making abilities. Credit scores, a critical measurement of financial health, are used by lenders to evaluate the risk of lending money. - read more
Understanding No-Credit-Check Loans: A Lifeline for Managing Financial Stress Wisely Understanding No-Credit-Check Loans: A Lifeline for Managing Financial Stress Wisely
Financial stress can feel like an unstoppable force, a cycle of worry that impacts not only our peace of mind but also our fiscal health. It represents the anxiety and pressure associated with the inability to meet financial obligations, be it due to unforeseen expenses, unemployment, or a plethora of other reasons. - read more
What to Do if You've Been Denied a Loan Due to Your Credit Score What to Do if You've Been Denied a Loan Due to Your Credit Score
Your credit score is a critical number that plays a significant role in your financial life. It represents your creditworthiness, or in simpler terms, how reliable you are in repaying borrowed money. - read more
Maximize Your Loan Options without a Credit Footprint: Strategies to Know Maximize Your Loan Options without a Credit Footprint: Strategies to Know
As we navigate the complexities of today's economy, the significance of credit can scarcely be overstated. Whether we're considering a home mortgage, a new car, or managing our personal finances, our credit health often dictates the terms and accessibility of financial support. A robust credit score can open doors to favorable loan terms and rates, while a poor score can narrow our options and cost us more in the long run. - read more
Understanding Your Credit Footprint: Borrowing Strategies to Keep Your Score Intact Understanding Your Credit Footprint: Borrowing Strategies to Keep Your Score Intact
Understanding the mechanics behind credit scores is pivotal for anyone navigating the intricate world of finance. A strong credit score does not only unlock the gates to a plethora of borrowing options but also secures favorable interest rates, which can save you a substantial amount of money over time. It acts as a financial passport, one that enables you to achieve milestones such as purchasing a home or car with ease. - read more
Loan Hunting with Confidence: How to Check Options Without Credit Damage Loan Hunting with Confidence: How to Check Options Without Credit Damage
Embarking on the journey to secure a loan can feel like navigating a minefield with your credit score as the prize. It's no secret that your credit score is your financial fingerprint, impacting not just your loan prospects but also the terms you're offered. However, the act of loan hunting itself, if not done carefully, can take a toll on this crucial number. - read more
Understanding Soft Credit Checks: Safeguard Your Score During Loan Comparison Understanding Soft Credit Checks: Safeguard Your Score During Loan Comparison
When embarking on the journey to secure financing, particularly for significant purchases such as a car, your credit score takes center stage in the eyes of lenders. A credit score is a numerical representation of your creditworthiness, derived from your financial history and behaviors. It wields substantial influence on your ability to acquire loans with favorable terms. - read more
How to Improve Your Financial Health and Secure Loans Effortlessly How to Improve Your Financial Health and Secure Loans Effortlessly
Financial health refers to the state of one's personal financial situation. It encompasses a variety of factors, such as income stability, expenses control, savings, investments, and debt management. - read more
How to Use Loan Comparison Tools Effectively - A Guide for the Credit-Conscious How to Use Loan Comparison Tools Effectively - A Guide for the Credit-Conscious
When it comes to securing a loan, the terms you agree to can have a lasting impact on your financial wellness. It's crucial to strike a balance between finding a loan that fits your needs and maintaining a healthy credit score. This delicate equilibrium is where loan comparison tools come into play, serving as navigational aids in the vast sea of credit options. - read more


Need Help Finding a Loan?
Find out now if you qualify and compare rates, offers and options from multiple lenders - without a credit check!
Loan Amount:
Postcode:
All finance quotes are provided free and without obligation. We respect your privacy.

Knowledgebase
Mutual Fund:
An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.


Quick Links: | Personal Loans | Car Loans | Bike Loans | Boat Loans | Truck Loans | Home Loans | Business Loans | Debt Consolidation