From Nasdaq:

The “Magnificent Seven” tech stocks have outperformed the market, except for Tesla (NASDAQ: TSLA), which is flat and down 50%. Tesla’s EV market share is growing, with solid 2023 delivery numbers. Long-term catalysts like full self-driving software, the Cybertruck, and a humanoid robot could drive future growth.

Investing in Tesla requires faith as the stock isn’t cheap, with a forward P/E ratio of 61. Despite past bold ambitions, Tesla has delivered big, with CEO Elon Musk leading the charge. Long-term investors must accept volatility but could see more magic as Tesla pursues its innovative projects.



Read more at Nasdaq: 1 “Magnificent Seven” Stock Down 52% to Buy and Hold Forever