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home / news releases / BYDDY - Tesla: Avoid In 2024

BYDDY - Tesla: Avoid In 2024

BYD Co Ltd ADR

2024-01-31 10:39:30 ET

Summary

  • Tesla, Inc. shares have underperformed against the broader market in recent quarters due to weak earnings and a sluggish outlook for 2024.
  • The company's margins have suffered due to aggressive price cuts for vehicles, and there is a risk that lower vehicle volumes will eat into profits.
  • Tesla is likely going to be "dead money" for the rest of the year.

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For further details see:

Tesla: Avoid In 2024
Stock Information
Company Name: BYD Co Ltd ADR
Stock Symbol: BYDDY
Market: OTC
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