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Tesla's stock price has hit a 10-month low, dropping below $170 for the first time since May last year. Wall Street analysts are increasingly bearish on the company, with Tesla being the worst performer in the S&P 500 Index. The stock is down over 30% since the beginning of the year, and delivery estimates are plunging as sales slow down. Analysts predict further decline for Tesla, with the stock down 35% year-to-date.
Once hailed as the future of automaking, Tesla is now facing major challenges and uncertainties. The electric vehicle giant, which was previously a top performer in the S&P 500, has seen a steep decline in its stock price this year, down nearly 32% since January. #CGTNAmerica https://t.co/9MRnsyQcZ5
Tesla is reeling as multiple analysts look into the crystal ball and see no growth in sight, or even worse, the carmaker turning into a “2027 story.” https://t.co/arvXkufOSU
What's going with Tesla's stock right now? This is "just a really, potentially, bad year for the company," WSJ columnist Tim Higgins says. "Not a lot to be excited about if you're an investor." https://t.co/vgPxkcU9nS