Tesla stock hits 3-year low of $175.34 on March 8, down 30% YTD; overvalued, not strong buy.

From Nasdaq:

Tesla (NASDAQ: TSLA) stock hits 3-year low at $175.34 per share on March 8, down nearly 30% YTD. Competition in China from BYD, Li Auto, Nio, and XPeng challenges growth narrative. Falling margins and production volumes raise concerns about Tesla’s future. Stock overvalued; not a strong buy at the moment. Consider other investment options.



Read more at Nasdaq: Tesla Stock Just Reached Its Lowest Level Since May 17 of Last Year. Should Investors Be Worried?