From Nasdaq: 2024-06-30 08:35:00

Tesla (NASDAQ: TSLA) has seen a significant drop in its stock price since 2021, now hovering around $185 per share, down from its peak of over $400. This decline is largely due to shrinking gross-profit margins, which have fallen from over 30% to 17%, impacted by reduced demand for EVs and higher interest rates.

Despite the current challenges, Tesla stands to benefit from the global shift towards EV adoption and is expanding internationally. The company is also delving into autonomous vehicles and robotics, with plans to launch a robotaxi business and introduce Optimus, a humanoid robot, by 2025. These innovations could potentially triple Tesla’s current revenue.

Critics may doubt Tesla’s ability to meet deadlines, but the company’s track record of innovation and technological advancement cannot be ignored. If Tesla can successfully navigate the EV market while expanding into new areas like autonomous vehicles and robotics, its potential for growth remains strong. The company’s forthcoming demo of its robotaxi and progress with Optimus showcase its commitment to pushing boundaries.

While investing in Tesla may come with risks, the company’s innovative spirit and potential for future growth make it a compelling opportunity for investors. With the global shift towards sustainable transportation and advancements in technology, Tesla’s position in the market presents exciting possibilities.



Read more at Nasdaq: Is It Too Late to Buy Tesla Stock?