For the second day in a row, electric car giant Tesla (NASDAQ TSLA) saw its stock tumble, as it remained to be rocked by capitalist concerns over a renewed risk of conflict in between Russia as well as Ukraine, increasing rates of interest in the united state, the expansion of a recent Design 3 as well as Model Y recall into China, and obviously– Hitlergate.

Tesla stock Price is down 3.6% as of 12:55 p.m. ET today. Any type of or all of the above factors might have contributed to today’s decrease, at the very least partially. As well as now financiers have a brand-new worry to take into consideration, also:

In an extensive piece out today, renowned service information magazine Barron’s discusses how the other day’s steep sell-off of Albemarle (NYSE: ALB) stock (Albemarle is a manufacturer of lithium, used to manufacture the electrical cars and truck batteries that power Tesla’s automobiles) can foreshadow an age of declining productivity at the carmaker.

Albemarle reported fourth-quarter sales as well as profits the other day that primarily matched Wall Street’s projections for the business. Problem was, Albemarle’s earnings margins– and its revenues, duration– took a substantial hit as it spent heavily to construct out its manufacturing capacity to please the significant worldwide demand for lithium.

This result of up-front capital investment weighing on earnings margins is what investors call “low fixed-cost absorption,” as well as in today’s post, Barron’s advises that a comparable destiny can wait for Tesla as it spends heavily to establish 2 brand-new car manufacturing plants in Germany as well as Texas.

White arrow decreasing dramatically atop a stock tickertape present bathed in red.

On the bonus side, these 2 brand-new factories ought to swiftly allow Tesla to ramp up its annual car production by as long as 100,000 vehicles– and also ultimately, by 1 million cars and trucks total. On the minus side, though, “it will take a while to obtain manufacturing increase,” warns Barron’s, and while production rises to speed up, Tesla’s earnings margins can take a hit.

Barron’s notes that Tesla CFO Zachary Kirkhorn has been trying to prepare capitalists for this trouble, warning of “higher fixed and semi-variable expenses in the near term,” as well as “the normal inefficiencies as we ramp a new factory” in the firm’s Q4 teleconference.

Investors may not have actually been paying attention when he claimed that last month– however they sure appear to be focusing since Barron’s has actually duplicated the warning today.

Elon Musk unloaded $22 billion of Tesla stock– and still has even more now than a year earlier

Elon Musk unleashed a gush of stock sales, alternatives workouts, tax obligation payment sales and also gifted shares last year completing nearly $22 billion. Yet also after dumping so much Tesla stock, he still has a bigger share of the business, thanks to his compensation package.

Musk offered $16 billion in shares last year and also, according to a filing with the U.S. Securities and also Exchange Commission Monday, talented 5 million shares, which are worth virtually $6 billion, to a concealed charity or recipient in November. The sales and also presents bring his total to around $22 billion– a combination of tax payments, cash in his pocket and the present.

Yet because of the nature of the choices exercises, Musk really finished the year with a larger ownership stake– and also more shares– in Tesla. In 2012, Musk was granted choices on 22.8 million shares worth regarding $28 billion last autumn when he began marketing.

The means the options exercises job is that Musk first began transforming the 22.8 million choices into shares. The choices had a strike price of just $6.24, so he could pay $6.24 for each option and also get a share of Tesla stock, which were trading at more than $1,000 last fall.

With each alternatives conversion, he would at the same time offer shares to pay the taxes, given that the choices are tired as Tesla earnings. Also as he was dumping billions of dollars well worth of shares to pay the tax obligations, he was accumulating an also bigger quantity of stock at the reduced options price– thus increasing his ownership of the business.

In overall, Musk sold 15.7 million shares for $16.4 billion. Include in that the gifted shares, and also he unloaded a total amount of 20.7 million shares. Yet he acquired 22.8 million shares via the alternatives exercise– leaving him with 2 million more shares in Tesla at the end of the year. He presently has 172.6 million shares, which gives him a 17% stake in the business, making him by far the solitary largest individual investor.

Musk began his share task with a survey on Nov. 6, telling his fans “Much is made lately of unrealized gains being a way of tax evasion, so I suggest offering 10% of my Tesla stock. Do you sustain this?” Musk swore to adhere to the outcomes of the survey, which wound up with 58% for a sale as well as 42% against.

In the end, he made great on the pledge of selling 10% of his stake. But he acquired even more back with choices, which gave him a round-trip-stock trip that left him with billions in money, the biggest single tax payment in U.S. background as well as a lot more Tesla shares.

Musk’s ownership– as well as $227 billion fortune– is most likely to skyrocket once again in the future. His following large pay bundle, which could be also larger than the 2012 award, ends in 2028.