From Nasdaq:

Tesla shares recovered from an eight-month low, sparking a divergence in opinions. Musk praised Tesla’s annual revenue of $96.77B surpassing Disney’s. Despite revenue growth, Tesla fell short of Wall Street expectations due to slowing EV adoption. The stock experienced a 12% slump, with market cap declining from $1.24 trillion to around $607B.

Analysts, including Tesla bull Gary Black, are calling for management clarity and strategic shifts to revive the stock. Some have suggested potential exclusion from the “Magnificent Seven” tech peers. Investors are closely monitoring developments, looking for signs of a sustained recovery or a protracted decline. The stock was removed from Wedbush’s “Best Ideas List” amid disappointment over Tesla’s management’s lack of near-term clarity.

Tesla’s market capitalization has dwindled from a peak of $1.24 trillion to around $607 billion. The stock built on recent gains before ending up 4.19% at $190.93. Analysts, including Tesla bull Gary Black, have adjusted their outlooks, calling for management clarity and strategic shifts to revive the stock. The stock was removed from Wedbush’s “Best Ideas List” amid disappointment over Tesla’s management’s lack of near-term clarity.



Read more: Tesla’s Revenue Victory Over Disney ‘A Modest ‘Start,’ Says Elon Musk: Stock To See Better Times After January’s $180B Wipeout?