Reported 12 months ago
After reaching a peak in 2021, Tesla's stock has faced challenges with dwindling gross-profit margins, falling from over $400 per share to around $185. Factors contributing to this include lower consumer demand for electric vehicles due to high interest rates, increased costs, and labor market challenges. However, with interest rates expected to decrease and growing global support for EV adoption, Tesla's long-term prospects seem positive. The company is also focusing on autonomous vehicles and robotics technology, showcasing potential for significant revenue growth. Despite challenges, investing in Tesla may still hold promise for future growth and innovation.
Source: YAHOO