Will Tesla Stock See a Strong Rebound in the Future?
What is ahead for Tesla stock is a big question for investors. Many experts believe there is a disconnect between Tesla’s performance and stock price. Business tycoon Elon Musk’s Tesla moved past Meta to become the worst-performing stock in 2022. So, what are the possible reasons? In this video at Bloomberg Technology, Mark Stoeckle explains why he believes in Tesla as a company even though the stock’s momentum is on the downside. The lockdowns and overall production slowdowns in China, price cuts, and inflation pressuring potential car buyers are some of the primary reasons for the stock price drop.
Additionally, its expensive valuation compared to its automotive peers is another reason investors avoid Tesla’s stock. Is a strong rebound ahead for Tesla? Watch this video to learn more.
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