For the second day in a row, electric cars and truck titan Tesla (TSLA) saw its stock tumble, as it continued to be shaken by capitalist fears over a restored risk of conflict between Russia and Ukraine, climbing interest rates in the U.S., the growth of a current Model 3 as well as Model Y recall right into China, and also of course– Hitlergate.

Tesla stock Price is down 3.6% as of 12:55 p.m. ET today. Any kind of or all of the above elements might have contributed to today’s decline, at least partially. And also now financiers have a brand-new fear to consider, also:

In a lengthy piece out this morning, renowned company news publication Barron’s explains exactly how yesterday’s steep sell-off of Albemarle (NYSE: ALB) stock (Albemarle is a producer of lithium, used to make the electric vehicle batteries that power Tesla’s lorries) could foreshadow an age of decreasing success at the carmaker.

Albemarle reported fourth-quarter sales and earnings the other day that primarily matched Wall Street’s projections for the firm. Issue was, Albemarle’s profit margins– and its revenues, period– took a huge hit as it spent heavily to construct out its manufacturing ability to please the remarkable global need for lithium.

This result of up-front capital expense weighing on revenue margins is what financiers call “low fixed-cost absorption,” and in today’s article, Barron’s cautions that a similar fate could wait for Tesla as it invests heavily to establish 2 brand-new vehicle production plants in Germany and Texas.

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

On the plus side, these 2 new manufacturing facilities ought to promptly enable Tesla to increase its yearly car manufacturing by as much as 100,000 vehicles– and also ultimately, by 1 million vehicles amount to. On the minus side, however, “it will certainly take a while to get production increase,” cautions Barron’s, and while manufacturing gets up to speed up, Tesla’s revenue margins could take a hit.

Barron’s notes that Tesla CFO Zachary Kirkhorn has actually been trying to prepare investors for this trouble, warning of “greater set and also semi-variable costs in the near term,” along with “the common inadequacies as we ramp a new manufacturing facility” in the business’s Q4 conference call.

Investors might not have actually been paying close attention when he stated that last month– but they sure seem to be focusing now that Barron’s has duplicated the warning today.

Elon Musk unloaded $22 billion of Tesla stock– as well as still owns even more now than a year earlier

Elon Musk released a torrent of stock sales, choices workouts, tax obligation repayment sales and talented shares in 2015 completing almost $22 billion. Yet even after discharging so much Tesla stock, he still possesses a larger share of the business, thanks to his compensation package.

Musk marketed $16 billion in shares in 2015 and also, according to a declaring with the U.S. Stocks and also Exchange Commission Monday, gifted 5 million shares, which deserve nearly $6 billion, to an undisclosed charity or recipient in November. The sales and also gifts bring his total to about $22 billion– a combination of tax obligation settlements, cash in his pocket as well as the gift.

Yet because of the nature of the alternatives workouts, Musk actually finished the year with a bigger ownership stake– and also even more shares– in Tesla. In 2012, Musk was granted choices on 22.8 million shares worth concerning $28 billion last autumn when he began marketing.

The means the options exercises job is that Musk first started transforming the 22.8 million choices into shares. The alternatives had a strike price of only $6.24, so he can pay $6.24 for each option as well as obtain a share of Tesla stock, which were trading at greater than $1,000 last autumn.

With each options conversion, he would simultaneously market shares to pay the tax obligations, considering that the alternatives are exhausted as TSLA revenue. Also as he was unloading billions of bucks well worth of shares to pay the taxes, he was gathering an also larger amount of stock at the reduced choices rate– therefore raising his ownership of the company.

In total, Musk offered 15.7 million shares for $16.4 billion. Contribute to that the talented shares, and also he unloaded a total of 20.7 million shares. Yet he obtained 22.8 million shares via the alternatives workout– leaving him with 2 million even more shares in Tesla at the end of the year. He presently possesses 172.6 million shares, which provides him a 17% risk in the business, making him far and away the single biggest individual investor.

Musk began his share task with a poll on Nov. 6, telling his followers “Much is made lately of unrealized gains being a way of tax obligation avoidance, so I recommend marketing 10% of my Tesla stock. Do you sustain this?” Musk vowed to follow the outcomes of the poll, which wound up with 58% for a sale and 42% versus.

Ultimately, he made great on the promise of offering 10% of his stake. Yet he got much more back with options, which offered him a round-trip-stock journey that left him with billions in cash money, the biggest solitary tax repayment in U.S. history as well as even more Tesla shares.

Musk’s ownership– and also $227 billion fortune– is most likely to increase once more in the future. His next large pay package, which could be also larger than the 2012 honor, ends in 2028.