Tesla's Struggles with Demand and Layoff Plans Lead to Stock Slide
Monday, 22 April 2024, 17:43
Tesla's Biggest Problem
CEO Elon Musk's plan to lay off employees and the decline in Tesla's electric car shipments have intensified concerns over demand. The recent price cuts to boost electric car sales and the FSD software raise questions about Tesla's profitability.
Is Tesla Stock a Sell?
Analysts emphasize that Tesla's valuation heavily relies on its ventures outside the car business, especially the FSD technology. The recent price reduction in FSD software may impact Tesla's overall value and stock performance substantially.
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.