From Reuters: 2024-04-11 12:56:00

Tesla’s stock faces headwinds from rising interest rates and competition from Chinese electric car makers, leading to a 31% decline this year. Bank of America cuts price target to $220, citing challenges ahead.

Interest rate hikes pose a threat to Tesla’s growth in the electric car market. Q1 deliveries fell to 386,810 vehicles. While CEO Elon Musk’s leadership is promising, investors should wait for clearer signs of growth before buying.

Tesla is among the 10 best stocks to buy, per Motley Fool. While BofA sees long-term potential, investors should consider other options alongside Tesla. Stay informed with expert advice from trusted sources like Motley Fool Stock Advisor.



Read more at Reuters: Tesla Stock Has 30% Upside, According to 1 Wall Street Analyst