[New York Jiji Press] Shares of Tesla, a major American electric vehicle (EV) maker, are soaring. This month, stock prices continued to rise after hitting their highest level in nearly three years since November 2021, and at one point doubled compared to before the presidential election in November. The close relationship between CEO Musk and President-elect Trump is expected to be a tailwind for the company’s performance. Tesla shares closed at $421.1 on the 20th, 73% higher than its closing price on November 4th, just before the presidential election. In April, global sales in the January-March period fell compared to the same period a year earlier for the first time in nearly four years, and shares fell to below $140 following disappointing financial results. Since then, it has tripled in size. The reason for this rapid rise is that Musk has used his influence on public opinion through his company X (formerly Twitter) and huge donations to support Trump’s comeback, securing him a position that is effectively his closest aide in the next administration. With the slowing growth of the EV market posing a headwind for Tesla, the next administration is reportedly considering regulatory changes that would be favorable to the company in areas such as autonomous driving, an area where Tesla is focusing. A U.S. analyst emphasized that the Trump administration will be a game changer for Tesla’s growth in self-driving cars and artificial intelligence (AI). Tesla’s market capitalization is currently about $1.4 trillion (about 219 trillion yen), about five times that of Toyota Motor Corp., but it is believed that it has the potential to reach $2 trillion as soon as next year. Institutional investors have also been raising their target share prices. However, most of Tesla’s market value is based on its future growth prospects, and its stock price is “rising on expectations for businesses that have not yet been realized,” such as self-driving taxis, according to a Japanese securities firm. If it fails to continue to meet expectations, there is a risk that its value will fall sharply. Published by Jiji Press, Foreign Economy Department, December 22, 2024 at 7:03am.
Go to a good university and get a job at a good company. That way, you’ll be secure for life thanks to the seniority system. Try your hardest every day. Your efforts will definitely be rewarded.
It’s just a political stock. Even though Mask wasn’t even elected, he’s acting like the president and brandishing his political power. This mentally ill person is pushing for his own vested interests.
>>14 Tesla’s EVs sell because of their performance, and eco-friendly issues are secondary. The same goes for BYD, they sell because of price and performance.
>>14 EV brands other than Tesla are in trouble EVs themselves may shrink if preferential treatment is abolished, but Tesla’s share of the EV market will grow as competitors go out of business.
>>14 Trump would probably do something like making conditions that only Tesla can meet and eliminating other EVs from the market. I think that’s what America First is all about.
Japanese cars are popular in America, but American cars are not popular at all in Japan. This is a complete trade inequality, so sanctions need to be imposed on Japan.
Chinese EVs don’t actually sell in the American market, but China does allow (give preferential treatment to) Teslas to be sold in the Chinese market. Is it ok because it’s made in China?
>>29 Trump is always changing his mind. He’s also said he’ll get masks into the government, so I guess that’s what he’s going to do. But he’ll probably put heavy tariffs on Japanese and Chinese hybrid and electric cars.
I was holding on to Tesla shares, convinced that the era of EVs was coming. I already have enough unrealized profits to buy a Tesla Model S Plaid. Anyone who’s buying obsolete Toyota cars should switch to Tesla.
Toyota sold Tesla shares at a low price in 2017. If they had held onto them, they would have easily made over 1 trillion yen in unrealized profits by now. What idiots.
For example, if the price of one BYD is 4 million yen, the Chinese government will lower it to 3 million yen, and they will subsidize 1 million yen, so sell it and earn dollars. At the export stage, the Chinese government is essentially dumping. The government is trying to illegally acquire dollars, so America will impose high tariffs. Just to let you know, the high tariffs at the moment are being implemented by the Biden administration.
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