Tesla's stock has experienced a significant downturn in 2024, becoming the worst performer in the S&P 500, surpassing even Boeing. The electric vehicle giant's shares have seen a decline of over 30% since the start of the year, with a notable 4.5% drop in a single day and closing at a near 10-month low. Specifically, Tesla is down 28% and 46% in various assessments, trading at 37.7 times trailing earnings. Analysts attribute the slump to slowing sales and a decrease in delivery estimates, suggesting a diminishing growth story for Tesla. Criticism has also been directed at CEO Elon Musk, with some attributing the company's stock performance to his leadership. Despite the downturn, investor Cathie Wood's ETFs have purchased $35 million in Tesla stock, signaling some continued belief in the company's value. However, the sentiment among analysts is largely bearish, with predictions of further declines and calls for a change in leadership to potentially reverse the company's fortunes.