Tesla stock fell for a sixth consecutive day Friday. Whether the decline is in response to news that the company is recalling its avant-garde Cybertruck to fix a problem with the accelerator pedal or simply because of weakness in the overall market doesn’t really matter.
The stock is down slightly over 10% this week and 40% year to date. Tesla released the unique-looking Cybertruck back in December 2023. With mixed reviews, it has been unclear over the first few months in production how this product would help (or hurt) Tesla's business prospects.
The past few months have been rough for Tesla investors as the electric vehicle maker stumbles its way out of an abysmal first-quarter that has sent shares tumbling and left analysts concerned.
Deutsche Bank analyst Emmanuel Rosner downgraded shares of electric-vehicle firm Tesla to Hold from Buy, and slashed his price target to $123 from $189.
Tesla stock fell to a new 52-week low on Thursday, just days before Elon Musk’s electric vehicle company is set to report full earnings for the first quarter of 2024.
Tesla Is at a 52 week low, and it looks like a train wreck. The company's last holy grail is an autonomous vehicle that excites investors, but given the empty autonomy promises so far it's hard to take those promises too seriously.
Tesla, Inc.'s overvaluation persists as it plans a robotaxi rollout amid intensifying competition affecting the valuation gap. Click for my TSLA update.