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After finishing 2024 with a meteoric rise in its share price, Tesla (NASDAQ: TSLA) has been sliding since the start of the new year. The company reported earnings on Jan. 29, and the stock has ...
Tesla stock is wildly expensive, which could lead to a drop of 50% or more Tesla generated $2.04 in earnings per share (EPS) during 2024, placing its stock at a price-to-earnings ratio (P/E) of 161.
In the past, when Tesla's car business fell below 17% of its total market cap, its stock tended to "enter a downward channel," UBS added. Tesla's auto business accounts for just 12% of its current ...
After steep decline in 2022 and a stunning 102% rally in 2023, Tesla (NASDAQ: TSLA) stock lost ground again in the first half of 2024, falling by 20.4%, according to data provided by S&P Global ...
"So Tesla's vulnerability is it could drop by 50% if things don't work out for it this year. So we sell Tesla stock. We still have tons of it, and we sell it because we think it's pretty overvalued."
Tesla stock closed 5.7% lower on Thursday after Reuters reported Trump's team has drawn up plans to eliminate the $7,500 tax credit for electric vehicle buyers as part of a broader tax reform.
Tesla stock dropped 4.8% on Monday, dropping below $200 and hitting lows not seen since late May despite a broader market rally and rebound in beaten-down tech. Two pieces of news were weighing on ...
But Tesla’s stock has dropped more than other larger automakers since Musk announced his plans to buy Twitter in Apr. 2022. Since that date, Tesla shares are down 59%, versus 26% for Ford and 12 ...