Reported 1 day ago
Tesla's stock is experiencing a major downturn, currently down about 21% this year, which could lead to its second annual decline of over 20% in the last decade. Despite a remarkable 1,700% increase over the past ten years, this year's poor performance amidst favorable market conditions raises concerns. Challenges include dwindling margins, increased competition, and negative press surrounding CEO Elon Musk, making it uncertain if Tesla can bounce back this year.
Source: YAHOO