Tag: Twitter News

Will Tesla Stock Recover This Year?

Stock Market News: Will Tesla stock recover?
Stock Market News: Will Tesla stock recover?

Tesla stock had a rough year in 2022. The company ended down -69%.

The company might have experienced a serious drop due to the bear market, but Tesla is reporting 2022 year-end vehicle production and delivery numbers.

The tech company actually had a growth of 40% over the last year.

However, the fourth quarter numbers still fell shy of analysts’ expectations.

Still, there’s hope for shareholders wondering if Tesla stock will ever recover.

Although economists are saying there’s a strong probability of a recession hitting the U.S. economy by the first quarter of the new year, it may be short-lived.

Will Tesla stock go up in 2023?

Here’s what experts are predicting.

Latest Tesla Stock News

latest tesla stock news
Tesla stock news: Will Tesla stock recover?

Tesla reported 1.31 million deliveries in 2022, a growth of 40% over the previous year.

In the fourth quarter, Tesla reported deliveries of 405,278 vehicles and production of 439,701 vehicles.

That brings Tesla’s 2022 full year deliveries to around 1.31 million vehicles.

In 2021, Tesla reported 308,600 vehicle deliveries in the fourth quarter, and full-year deliveries of around 936,172 vehicles.

That’s a great improvement considering the company went through several challenges due to Covid.

Here are 2022’s key numbers:

  • Total deliveries Q4 2022: 405,278
  • Total production Q4 2022: 439,701
  • Total annual deliveries 2022: 1.31 million
  • Total annual production 2022: 1.37 million

Deliveries are the closest approximation of sales disclosed by Tesla.

These numbers represented a new record for the Elon Musk-led automaker and growth of 40% in deliveries year-over-year.

However, the fourth quarter numbers fell shy of analysts’ expectations.

According to a consensus of analysts’ estimates compiled by FactSet, as of Dec. 31, 2022 Wall Street was expecting Tesla to report deliveries around 427,000 for the final quarter of the year.

Estimates updated in December, and included in the FactSet consensus, ranged from 409,000 to 433,000.

Regardless, Tesla was able to beat previous deliveries, demonstrating gradual growth for its investors.

Related: How to Invest in The Stock Market Step by Step for Beginners

Why Did Tesla Shares Fall?

Tesla Stock Price Chart 2022
Tesla Stock Price Chart 2022.

Big investors continued to sell shares on during the last weeks of December as news surfaced of productions suspensions.

But much of Tesla’s drop in production has been out of the company’s control.

The latest decline came after the Wall Street Journal reported that Tesla will continue a week-long production halt at its Shanghai facility, facing a fresh onslaught of Covid cases within its Chinese workforce.

Tesla shares fell over 70% from their record high in November 2021.

The stock ended down 69% in 2022, roughly double the decline in the Nasdaq.

Among major car makers, Ford is down 45% and General Motors has fallen 43%.

But Elon Musk also played a big role in the decline of the company’s share price.

In this SEC filing, we see the Tesla CEO has sold approximately 22 million shares equivalent to around $3.6 billion.

Selloffs at this magnitude move the markets.

After the massive selloff, Elon said during a Twitter space call that he will not sell any Tesla shares for about two years.

The Tesla CEO said that he foresees a serious recession in 2023 and needed to prepare for a worst-case scenario.

But Elon Musk isn’t the only one predicting a recession going into the new year.

Both Bank of America and Wells Fargo CEOs are predicting a recession to hit the United States by the first quarter of 2023.

What Are the Experts Saying?

what are experts saying about the stock market.
What are experts saying about the stock market?

While technical analysis shows us the stock market is in a downtrend channel, experts are saying a recession will have a great impact on the continuation of a bear market in 2023.

Dan Raju, CEO of Tradier, a brokerage platform says, “The Fed’s obsession with recession will likely result in more interest rate hikes in the first quarter of 2023, which means that we are going to have continued volatility in the financial markets.”

“We feel that going into the fall, the stage will be set for a strong recovery from the 2022-2023 cyclical bear market,” says David Keller, president and chief strategist at Sierra Alpha Research.

“If and when a market bottom emerges in the first half of 2023, we’d be looking to technology as a fantastic long-term opportunity, given the heavy drawdowns since late 2021.”

It seems tech stocks, Tesla stock included, may not all be headed towards what may seem like a never-ending downward spiral.

As we begin to recover from this bear market later in the year, we can expect Tesla stock and others to rise as investors begin to look at long-term opportunities.

However, it’s important for retail investors to prepare for the worst as talks about a recession looms.

“A recession is very likely in the U.S.,” BoFa wrote in its Year Ahead 2023 report. The bank points out that this recession can last through the third quarter of 2023.

There’s no official definition of a recession, but many economists define it as a period of two consecutive quarters of negative economic growth or gross domestic product (GDP) decline – a drop that’s already been seen in 2022, says FOX Business.

Are You Holding Tesla Stock?

Will you be buying more Tesla shares now or wait until we begin to see a little more certainty in the economy and markets?

Leave a comment down below.

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‘Twitter Files’ Exposes Why Twitter Blocked Hunter Biden’s Laptop Story

Twitter Files Hunter Biden Laptop Story
Curated by Franknez.com | Twitter Files: Why Twitter blocked Hunter Biden’s Laptop Story.

The ‘Twitter Files’ segment on Twitter is exploding as Matt Taibbi walks us through on how and why Hunter Biden’s laptop story was suppressed on the social media giant’s platform.

In this article, I’m going to break down the key highlights of the ‘Twitter Files’ part 1.

Let’s get started!

You can follow me on Twitter for more market news and updates.

“Twitter Wasn’t Always Like This”

Elon Musk releases Twitter Files exposing suppression of Hunter Biden laptop story.
Elon Musk releases Twitter Files exposing suppression of Hunter Biden laptop story.

Matt Taibbi says that in the beginning, Twitter more than lived up to its statement, “the power to create and share ideas and information instantly, without barriers.”

But at some point, this statement was completely manipulated.

That is, when both Democrats and Republicans gained access to directly influence what was allowed on Twitter and what wasn’t.

At first, tools for controlling speech were designed to combat the likes of spam and grifters, or financial fraudsters.

Over time, Twitter staff began to take advantage of this leverage tool by accepting speech manipulation on the platform from outside sources.

And apparently, CEO Jack Dorsey had no idea this was occurring!

By 2020, requests from connected actors to delete tweets were routine.

Email exchanges would read: “More to review from the Biden team.”

The reply would come back: “Handled.”

Twitter Files: Provided by Matt Taibbi, article curated by Frank Nez.
Twitter Files: Provided by Matt Taibbi, article curated by Frank Nez.

According to Taibbi, celebrities and unknowns alike could be removed or held for review on the behalf of a political party.

A Major Imbalance Between Democrats and Republicans

While both Democrats and Republicans had access to these tools, the system wasn’t balanced.

Because Twitter was overwhelmingly staffed by people of democratic political orientation, there were more channels, more ways to complain, and more opportunities for Democrats to take advantage of than there was for the Republican party.

Twitter Political Contributors

In 2018, Democrats contributed $295,722 to Twitter while Republicans only contributed $11,100 for access to manipulate speech on the platform.

2020 showed a massive jump in contributions from the Democratic party, totaling to $909,431.

Twitter Files, provided by Matt Taibbi, article curated by Frank Nez.
Twitter Files, provided by Matt Taibbi, article curated by Frank Nez.

The Twitter files shows us that Democrats tampered with elections in 2020 by removing content on Twitter that interfered with their campaign.

One of the biggest coverups being Hunter Biden’s laptop story.

Let’s dive into it.

Why Hunter Biden’s Laptop Story Was Hidden

On October 14, 2020, the New York Post published ‘Biden Secret Emails‘, an exposed based on the contents of Hunter Biden’s abandoned laptop.

Twitter took extraordinary steps to suppress the story, removing links, and posting warnings that it may be “unsafe”, says Taibbi.

The transmissions to share via direct message were blocked, a tool that is reserved for extreme cases, such as child *ornography.

White House spokeswoman Kaleigh McEnany was locked out of her account for sharing the story on Twitter.

This also led public policy executive Caroline Strom to reach out to the Twitter team regarding the unusual circumstances.

Twitter’s response to Strom was that Hunter Biden’s laptop story had been removed for violation of the company’s “hacked materials” policy.

Twitter Files Emails
Provided by Matt Taibbi, article curated by Franknez.com.

According to Matt Taibbi, these decisions were made from those with the highest levels of authority in the company without the knowledge of from former CEO Jack Dorsey.

Head of legal, policy, and trust Vijaya Gadde played a key role.

“They just freelanced it,” is how a former employee characterized the decision.

A Violation of the 1st Amendment

Democratic congressman Ro Khanna reached out to Gadde in efforts to hop on a call and discuss the backlash on ‘re speech’.

“Khanna was the only Democratic official I could find in the files who expressed concern, says Taibbi.”

Vijaya Gadde emails provided by Matt Taibbi, article curated by FrankNez.

“Hope you’re well Vijaya! But this seems a violation of the 1st Amendment principles. If there is a hack or classified information or other information that could expose a serious war crime and the NYT was to publish it, I think the NYT should have that right.”

“A journalist should not be held accountable for the illegal actions of the source unless they actively aided the hack. So to restrict the distribution of that material, especially regarding a Presidential candidate, seems not in the keeping of the principles of NYT v Sulivan“, said Ro Khanna.

This has been part 1 to the ‘Twitter Files’ exposing why Twitter blocked Hunter Biden’s Laptop story and how Democrats were able to influence the election by suppressing a story that had the potential to sway public opinion.

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