“Tesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of Earnings”

“…The company’s shares are weathering the longest rout since late 2022, tumbling nearly 19% over the past seven days, amid doubts about its business strategy as sales of electric vehicles slump… Such concerns have driven the stock down nearly 43% this year through Monday’s close to $142.05, a 15-month low. It’s the second-worst performer in the S&P 500 so far this year…”

https://finance.yahoo.com/news/tesla-stock-no-man-land-105125064.html

Part of this is economic slowdown because of inflation and credit card debt in my opinion. On top of that is the fact that people in general do not like EV’s. They suck. I said this before but I think Elon would be better of if he sold all his Tesla stock. It’s a niche market. It’s not the future. That being said I don’t think Tesla will go out of business or anything. I’m sure the company will do just fine.