Tesla's stock surged 10% after earnings, but still down 25% in 2024.

From Nasdaq: 2024-05-12 14:12:00

Tesla’s stock surged 10% post-earnings but is still down 25% for the year. Weak Q1 results include a 9% revenue drop and gross margin decline to 17.4%. EPS fell 53% to $0.34, and free cash flow turned negative. Despite this, investors are excited about upcoming product launches and the potential for a robotaxi. Tesla’s future hinges on delivering new products and meeting market demand. There are concerns about its valuation and financial stability, but believers in Tesla’s vision may see value in buying the dip. Want to know where to invest $1,000 right now? Check out the Motley Fool’s recommendations, including Tesla and 9 other stocks you may have overlooked. Disclosure: The author has positions in Tesla, and The Motley Fool has positions in Tesla and Uber Technologies, and recommends General Motors.



Read more at Nasdaq: Tesla Is Still Down 25% in 2024 Despite Its Monster Jump. Is the Stock a Buy?