2023-05-10 13:30:48
Over the past decade, Tesla stock has grown an impressive 4,680%, which is more than 4,450% higher than the return on the S&P 500 benchmark.
Why is Tesla stock declining?
Several factors have contributed to the recent decline in Tesla stock, including the disappointing Q1 2023 earnings report and a downgrade by a Jefferies analyst. To compound matters, the National Labor Relations Board (NLRB) found the automaker guilty of violating its workers’ rights.
Is Tesla stock a good investment?
Despite the decline, Tesla remains the leader in the EV market and has been cutting prices for some of its models to boost demand. Additionally, Tesla is committed to cutting manufacturing costs in half, making their next-gen cars more affordable.
Note: Elon Musk has stated that Tesla will be able to achieve Level 5 autonomy as early as this year.
Given all these factors, Tesla stock remains an investment opportunity worth considering
Olymp Trade English
1.2K views10:30