Concerns Rise as Tesla's Stock Plummet Sparks Fear and Uncertainty Among Investors
Wednesday, 17 April 2024, 12:24
Reasons for Tesla's Stock Decline
- Employee Layoff and Executive Departures: Recent layoffs and key executive departures have shaken investor confidence.
- Analyst Warning: GLJ Research's Gordon Johnson predicts a major crash due to financial concerns and market trends.
- Challenges in China: Weak demand in China poses a threat to Tesla's sales and stock price.
Analyst Consensus
- Varied Opinions: While some analysts remain cautious, others foresee upside potential for Tesla, with price targets ranging from $22.86 to $310.
- Recent Performance: TSLA's stock has seen significant losses, with technical indicators suggesting a flat or bearish trend in the short term.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.