Tesla (TSLA) shares plummeted 9% after reporting a second consecutive quarter of revenue decline, losing share to lower-priced EV competitors. Automotive revenue fell 16% to $16.7 billion in Q2. Elon Musk predicts rough quarters ahead, impacted by the end of federal EV subsidies. Stock down 17% from May peak.

Despite challenges, analyst George Gianarikas recommends buying Tesla shares on the dip, projecting a 10% upside with a price target of $333. He anticipates positive growth trends in Q3 due to rushed EV purchases before tax credit expiration and new EV releases in Q4. Other analysts advise a cautious “wait-and-see” approach with a consensus “Hold” rating and $298 target.

Read more at Yahoo Finance: Auto Revenue Keeps Plunging at Tesla. Should You Buy the TSLA Stock Dip or Run Far Away?