Assuming the Twitter situation has stabilized for the moment, the biggest potential downside to TSLA stock is the ripple effects of the company’s Shanghai plant shutdown. With a 22-day closure in April followed by reduced production and the Covid-19 lockdown’s impact on EV sales in China, the news on that front is not going to be good.However, it’s important to recognize that this was a limited time event. Production is ramping back up.Chinese EV demand is ramping back up. Any hit to TSLA stock
Gaotu Techedu Says Q1 Revenue Fell 62.7% TO RMB 724.6 mln
Gaotu Techedu Announces First Quarter Of 2022 Unaudited Financial Results.Q1 Revenue Fell 62.7 Percent To RMB 724.6 Million.Non-Gaap Basic And Diluted Net Income Per Ads, Were RMB0.36 And RMB0.35, Respectively, In Q1 Of 2022.Qtrly Net Loss Per Ads RMB0.21.Sees Total Net Revenues For Q2 Of 2022 Between RMB438 Million And RMB458 Million.