Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldStrange as it may seem for a car company expected to change the world, again, the Tesla share price used to have a passing relationship with the profits it was forecast to produce. Yes, it was valued on an earnings multiple other carmakers can only dream about, but see if you can spot the point when Elon Musk\u2019s company became untethered from the humdrum reality of financial expectations:Promises of robots and robotaxis may have been at the forefront of Musk\u2019s commentary around the poor results released on Wednesday, but recall that the pundit and market reaction to October\u2019s \u201cWe, Robot\u201d event was underwhelming: the stock dropped 9 per cent, a fall of $69bn.That plunge was equivalent to two Hyundais, to put it in \u201ccarmaker with highly regarded electronic vehicles and robots\u201d terms.Tesla\u2019s market capitalisation has dropped four Hyundais since its Technoking\u2019s Nazi salute, but at $1.2tn it is still valued at about 100 times estimates for profits in 2026, or 35 Hyundais.So, the Trump effect remains in full swing \u2014 and few appear keen to interrogate the quality of those earnings while Musk is a prominent colleague of the famously loyal and level-headed President.Further reading: \u2014 Putting a price on Tesla post Musk (FTAV) \u2014 Tesla\u2019s Q1 is going to be a wreck. Will anyone care? (FTAV, 2024) \u2014 Tesla is nuts, will it ever crash? (FTAV, 2020)<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldStrange as it may seem for a car company expected to change the world, again, the Tesla share price used to have a passing<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-186686","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/186686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=186686"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/186686\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=186686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=186686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=186686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}