Wall Street Journal (April 28)
“The Magnificent Seven drove the stock market’s bull run. Now, their bruising losses pose a new test for markets.” Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla “helped fuel a gangbusters rally that lifted stocks out of the 2022 bear market and toward dozens of all-time highs,” with their shares reaching “eye-popping levels.” Now, however, “the Magnificent Seven are off to their worst start to a year since the 2022 slide,” with each stock falling over 6.5%, collectively destroying “$2.5 trillion in market value.”
Tags: $2.5 trillion, 2022, Alphabet, Amazon, Apple, Bear market, Bruising, Bull run, Eye-popping, Gangbusters, Losses, Magnificent Seven, Meta, Microsoft, Nvidia, Rally, Stock market, Tesla, Value
Barron’s (March 17)
“They’ve gone from the Mag Seven to the Lag Seven.” Apple, Microsoft, Nvidia, Amazon.com, Alphabet, Meta Platforms, and Tesla collectively represented over “half of the S& P 500’s gain of 23% in 2024 as they rose an average of 60%.” This year they are “down an average of 15%” and “now account for about 95% of the index’s decline of 6% in 2025.” However, the Mag Seven “aren’t destined to fail or fade into insignificance. They remain too dominant…and too reasonably priced, with six of the seven trading for 18 to 30 times projected 2025 earnings. (Tesla, at 85 times, is the notable exception.)”
Tags: 2024, 2025, Alphabet, Amazon.com, Apple, Decline, Dominant, Earnings, Fade, Fail, Lag Seven, Mag Seven, Meta Platforms, Microsoft, Nvidia, Reasonably priced, S&P 500, Tesla
Wccftech (April 4)
“Sometimes, going against the herd pays off massively. Case in point: Toyota is thriving right now with its hybrids-first strategy, while its competitors, including Tesla, the erstwhile king of the auto space, continue to contend with a challenging demand environment and shrinking margins.”
Tags: Auto, Challenging, Competitors, Contend, Demand, Environment, Hybrids-first strategy, Shrinking margins, Tesla, Thriving, Toyota
Wall Street Journal (January 3)
“Chinese automaker BYD for the first time topped Tesla as the world’s largest seller of electric vehicles on a quarterly basis, a sign of China’s emerging strength in the global market for battery-powered cars…. The Chinese rival’s ascent in the global pecking order has put new pressure on Tesla at a time when the U.S. electric-car maker is already leaning on steep price cuts to juice its sales.”
Tags: Ascent, Automaker, Battery-powered, BYD, China, Emerging, EVs, Global market, Pressure, Price cuts, Sales, Strength, Tesla, U.S.
Forbes (April 27)
“The market capitalization of LVMH, the company chaired by the world’s richest person Bernard Arnault” reached $498 billion Thursday morning, surpassing “that of Tesla, the firm led by the world’s second-richest person Elon Musk.” The move came “as Arnault’s lead on Musk as the richest man extends to over $70 billion.”
Tags: $498 billion, $70 billion, Arnault, Chair, LVMH, Market-cap, Musk, Richest, Tesla
Gizmodo (January 12)
“Tesla and Twitter CEO Elon Musk has broken the world record for the person to lose the largest amount of personal wealth in history.” After losing an estimated $182 billion since November 2021, Musk has displaced the previous record “set in 2000 by Japanese tech investor Masayoshi Son.” Nevertheless, “Musk still remains the second-richest person in the world, falling right behind LVMH’s CEO Bernard Arnault.”
Tags: $182 billion, Arnault, CEO, History, Japan, Lose, LVMH, Musk, Personal wealth, Richest, Son, Tech investor, Tesla, Twitter, World record
Fortune (December 31)
“Tesla Inc. shares have fallen so far, so fast that some individual investors are piling in.” but the company still faces “mounting challenges” and remains expensive. “Even after this year’s record 65% drop, the electric-car maker’s meteoric surge during 2020 and 2021 has left it with stock-market value of $389 billion, more than Toyota Motor Corp., General Motors Co., Stellantis NV and Ford Motor Co. combined.”
Tags: $389 billion, Electric car, Expensive, Ford, GM, Individual investors, Market value, Mounting challenges, Stellantis, Stock, Surge, Tesla, Toyota
Wall Street Journal (September 12)
“Joby Aviation, which plans to begin an electric air taxi service in 2024, is worth more than Lufthansa, EasyJet or JetBlue…. Earlier this year, Tesla was worth more than the next nine car manufacturers combined, though now only the next six. Beyond Meat, made with pea protein, is worth more than the entire market for peas eaten globally…. Do fundamentals even matter?”
Tags: Beyond Meat, Car, EasyJet, Electric air taxi, Fundamentals, JetBlue, Joby Aviation, Lufthansa, Manufacturers, Market, Pea protein, Tesla
Financial Times (November 25)
“Tesla’s market value has surged to $500bn after a fresh wave of buying ahead of the electric-car maker’s debut on the blue-chip S&P 500 stock index next month.” Up over 600% this year, shares yesterday rose to $540. “Tesla’s market cap now exceeds “Toyota, Volkswagen, Hyundai, General Motors and Ford combined.”
Tags: Blue-chip, Buying, Debut, Electric car, GM, Hyundai, Market-cap, S&P 500, Surged, Tesla, Toyota, Value, Volkswagen
MarketWatch (November 27)
The plan to close plants and slash workforce “is good for GM—and it could shake up things at Tesla and Ford too.” Despite coming under political fire, GM’s “newly announced cost-cutting plan has drawn praise on Wall Street, with analysts applauding the car maker for sharpening its focus on higher-growth areas such as driverless and electric vehicles and forestalling a slowdown in its business.”
Tags: Analysts, Cost cutting, Driverless, EVs, Ford, GM, Plants, Slowdown, Tesla, Wall Street, Workforce
