Data News > The Rise and Fall of Tesla: A Look at the Stock's Recent Performance
- Nasdaq stocks are performing well, but Tesla's stock has been on a downward trend, falling over 30% this year
- Tesla's weak first-quarter deliveries have been described as an 'unmitigated disaster' by analysts
- Wall Street analyst predicts an 87% downside for Tesla stock
- Rivian's positive delivery numbers did not improve Tesla's stock sentiments
- Tesla's sales have slumped, leading to a six-month low for the company's stock
The Nasdaq has been experiencing a period of significant growth, with many stocks performing well. However, one notable exception to this trend is Tesla, whose stock has seen a significant decline of over 30% this year. This is in stark contrast to the overall positive performance of growth stocks in the market.
Tesla's first-quarter delivery figures have been described as an 'unmitigated disaster' by analysts, showing the first decline in nearly four years and falling well short of Wall Street's estimates. This disappointing performance has been attributed to mounting competition from China, which has played a role in the company's struggles.
One Wall Street analyst has predicted an 87% downside for Tesla stock, citing the company's overpricing given its output and sales. This bleak outlook has further contributed to the negative sentiment surrounding Tesla's stock.
Even positive news from other companies in the electric vehicle (EV) market, such as Rivian, has not been enough to improve sentiments around Tesla's stock. Rivian's upbeat delivery numbers did not have a positive impact on Tesla's stock, indicating the specific challenges that Tesla is facing in the market.
Tesla's sales have slumped, leading to a six-month low for the company's stock. The company delivered 386,800 cars in the three months to March, down more than 8% on the same period a year ago. This sharp fall in worldwide sales has been attributed to increased competition and slowing demand for electric vehicles.
In summary, while the Nasdaq has been experiencing overall growth, Tesla's stock has been on a downward trend, with weak delivery figures and negative sentiment from analysts contributing to the company's struggles. The company's sales have slumped, leading to a six-month low for its stock.
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The Rise and Fall of Tesla: A Look at the Stock's Recent Performance
By KlickAnalytics Data Insights | April 3, 2024 10:01AM ET
Key Points
- Nasdaq stocks are performing well, but Tesla's stock has been on a downward trend, falling over 30% this year
- Tesla's weak first-quarter deliveries have been described as an 'unmitigated disaster' by analysts
- Wall Street analyst predicts an 87% downside for Tesla stock
- Rivian's positive delivery numbers did not improve Tesla's stock sentiments
- Tesla's sales have slumped, leading to a six-month low for the company's stock
The Nasdaq has been experiencing a period of significant growth, with many stocks performing well. However, one notable exception to this trend is Tesla, whose stock has seen a significant decline of over 30% this year. This is in stark contrast to the overall positive performance of growth stocks in the market.
Tesla's first-quarter delivery figures have been described as an 'unmitigated disaster' by analysts, showing the first decline in nearly four years and falling well short of Wall Street's estimates. This disappointing performance has been attributed to mounting competition from China, which has played a role in the company's struggles.
One Wall Street analyst has predicted an 87% downside for Tesla stock, citing the company's overpricing given its output and sales. This bleak outlook has further contributed to the negative sentiment surrounding Tesla's stock.
Even positive news from other companies in the electric vehicle (EV) market, such as Rivian, has not been enough to improve sentiments around Tesla's stock. Rivian's upbeat delivery numbers did not have a positive impact on Tesla's stock, indicating the specific challenges that Tesla is facing in the market.
Tesla's sales have slumped, leading to a six-month low for the company's stock. The company delivered 386,800 cars in the three months to March, down more than 8% on the same period a year ago. This sharp fall in worldwide sales has been attributed to increased competition and slowing demand for electric vehicles.
In summary, while the Nasdaq has been experiencing overall growth, Tesla's stock has been on a downward trend, with weak delivery figures and negative sentiment from analysts contributing to the company's struggles. The company's sales have slumped, leading to a six-month low for its stock.
For more information:
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