Tesla stock dropped 6% due to BMW surpassing in European EV deliveries, facing competition and exec departures.

From Nasdaq: 2024-08-26 22:36:43

Tesla stock (TSLA) dropped 6% to $211 per share due to BMW surpassing Tesla in European EV deliveries. Tesla faces increasing competition in Europe and key executives leaving the company possibly affecting the stock price.

Trefis High Quality Portfolio outperformed S&P 500 consistently, providing better returns with less risk over the years. Could Tesla underperform the S&P due to uncertain economic conditions and previous performance?

Despite a decline in Q2 2024 earnings, Tesla remains optimistic about long-term growth due to its superior technology. Energy sales doubled to $3 billion, but challenges like high interest rates and market saturation persist. Trefis values Tesla stock at $230, slightly above market price.



Read more at Nasdaq: What Next After Tesla Stock Dropped 6% In A Day