{"id":38716,"date":"2023-07-21T12:44:13","date_gmt":"2023-07-21T16:44:13","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/heres-why-wall-street-has-fallen-out-of-love-with-tesla-for-now\/"},"modified":"2023-07-21T12:44:15","modified_gmt":"2023-07-21T16:44:15","slug":"heres-why-wall-street-has-fallen-out-of-love-with-tesla-for-now","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=38716","title":{"rendered":"Here\u2019s why Wall Street has fallen out of love with Tesla \u2014 for now"},"content":{"rendered":"

Late on Wednesday, Tesla Inc.
\n TSLA,
\n +0.23%<\/bg-quote>
\n reported that quarterly sales were up 47% from a year earlier. But the stock tumbled 10% on Thursday.<\/p>\n

Tesla\u2019s shares are still up 113% this year. The company is among a group of 13 in the S&P 500 that stand out with high growth expectations for sales, earnings and free cash flow through 2025.<\/p>\n

\n

But less than half of analysts polled by FactSet rate Tesla a buy. Emily Bary explains what they are worried about.<\/p>\n

Traders have placed large short bets against Tesla and two of its rival EV makers \u2014 Rivian Automotive Inc.
\n RIVN,
\n -2.71%<\/bg-quote>
\n and Nio Inc.
\n NIO,
\n +2.42%<\/bg-quote>.<\/span>
\n Claudia Assis looks into how well those trades have been working out.<\/p>\n

Cody Willard explains why he remains confident that Tesla and Rivian will dominate the EV market over the long term.<\/p>\n

Related coverage:<\/p>\n

Here\u2019s what may propel U.S. stocks for years.<\/h2>\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

The S&P 500
\n SPX,
\n +0.15%<\/bg-quote>
\n has returned 19% this year, following its 18% decline in 2022. On the same basis, with dividends reinvested, the benchmark index is still down 2% since the end of 2021. <\/p>\n

What is going on? Michael Brush believes that a high level of corporate investment in new technology and equipment is setting the stage for a long phase of earnings growth for U.S. companies. He shares four developments behind the coming productivity boom and 14 stocks expected to benefit from it. <\/p>\n

A signal for the stock-market\u2019s health<\/h2>\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

The Dow Jones Industrial Average
\n DJIA,
\n +0.13%<\/bg-quote>
\n is up 6% this year. The venerable index has trailed the S&P 500, but its closing level of 35,255.18 on Thursday was only 4% shy of its record close a 36,799.65 on Jan. 4, 2022. Joseph Adinolfi explains Dow Theory, which according to technical analysts is sending a strong bullish signal for the stock market.<\/p>\n

Other opinions about market sentiment:<\/p>\n