Tesla's stock price evaporated more than $100 billion during the day, because the Q4 performance was not a surprise

According to the U.S. Stock Research Agency, the Zhitong Finance APP learned that due to the electric vehicle manufacturer Tesla (TSLA. US) failed to impress investors with fourth-quarter earnings and outlook, with the company's stock price evaporating about $109 billion in a single day.

On Thursday, Tesla shares plunged nearly 12 percent. Previously, on the company's earnings call, people were optimistic about a humanoid robot called Optimus, which was bearish on the new car. The stock closed at $829 on Thursday, its lowest level since Oct. 14, the second-biggest drop in the S&P 500 on Thursday. The last time Tesla's market capitalization evaporated more than $100 billion in a single day was on November 9.

On Wednesday's fourth-quarter earnings call, Tesla CEO Elon Musk said the company would not launch any new models this year. That disappointed many, who thought Musk's promised "updated product roadmap" would include good news about Cybertruck, Semi and plans for cheaper models in the future.

Edward Moya, senior market analyst at Oanda Corp, said: "It is clear that Tesla has lost momentum, and the lack of a low-cost car launch around $20,000 and the growing strength of competitors have indeed weakened its growth prospects. ”

On a conference call, Tesla management said a $25,000 version of its mass-market Model 3 is currently undeveloped, highlighting Tesla's work on artificial intelligence and autonomous driving.

Barclays analyst Brian Johnson wrote in the report: "When it comes to product lines, Musk has shifted from future cars (like the Roadster or Model 2 under $25,000) to self-driving taxis and humanoid robots. While we recognize that robo-taxis are a key part of Tesla's bullishness, we are concerned about the lack of a physical product line. ”

In addition, Tesla Chief Financial Officer Zachary Kirkhorn warned that the recent higher input costs could affect the company's market-leading profit margins. "We are also seeing inflation and rising commodity prices, which we expect will continue to weigh on our costs." The specific impact of this on gross margins is uncertain.

The negative impact on Tesla's performance also spilled over to other electric car startups, Rivian Automotive (RIVN). US),, Lucid Group (LCID.US) and Fissk (FSR. Stocks, including US), fell 10 percent or more. Thursday's plunge added to an already troubled trend in those companies. Technology and growth stocks have generally suffered a sell-off due to concerns about rising interest rates, and these companies have been hit hard. Together, the three stocks lost more than $13 billion in market capitalization.