Tesla Stock Analysis: Insights and Future Projections

Key Points

  • Tesla faces significant turbulence in 2024, diverging from its historical dominance in electric vehicles and technology.
  • Despite its esteemed status, Tesla's stock performance has plummeted by nearly 40% this year, making it the worst performer in the S&P 500.
  • The U.S. electric vehicle market is slowing down, leading to a decline in Tesla's sales and market share.
  • 5 stocks we like better than Tesla

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Tesla (TSLA)
4.3241 of 5 stars
$177.46+1.5%N/A45.27Hold$185.90
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Ryan Hasson

About Ryan Hasson

  • Ry.has7@gmail.com

Contributing Author

Technical Analysis, Momentum Trading, Risk Management

Experience

Ryan Hasson has been a contributing writer for MarketBeat since 2023.

Areas of Expertise

Equity research and analysis, technical analysis and price action, market sentiment and underlying themes, risk management and trading psychology

Education

Bachelor of Commerce in Financial Management

Past Experience

Equities trader, Kershner Trading Group, business analysis consultant, SMB Capital

Zoom International: Business Analysis Consultant.


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