From Nasdaq, Inc.:

The stock market had a great year in 2023, led by the “Magnificent Seven” – Tesla, Nvidia, Apple, Amazon, Meta Platforms, Microsoft, and Alphabet. However, Tesla’s success may not be sustainable, as the company is relying on price cuts to boost sales, causing a decline in profit margins. Operating margins have fallen almost 6 percentage points, and analysts have lowered their expectations for the company. Despite this, Tesla’s stock has soared 120% in 2023, making it much more expensive and a prime candidate to revert lower in 2024. Investors should be cautious about chasing Tesla stock at these prices.



Read more: This “Magnificent Seven” Stock Is Up 120% in 2023. Here’s a 2024 Red Flag Investors Must Know About