From NASDAQ: 2024-05-02 14:47:58

Tesla stock has returned 10,790% since its IPO in 2010 but is currently down 57% from all-time highs. Recent news of FSD technology launch in China and plans for affordable EVs boosted the stock by 24%. Tesla faces headwinds in increased competition and reduced demand but aims to regain profitability and increase vehicle shipments. Wall Street analysts suggest a Hold consensus on TSLA stock with an average price target of $171.99. Despite challenges, Tesla’s growth potential and market positioning make it a compelling buy for long-term investors.



Read more at NASDAQ: Down 57% from Highs, Is Tesla (NASDAQ:TSLA) Stock a Buy Now?