CA - Tesla Q4: 2024 Started Badly And May End Worse

2024-01-25 09:00:50 ET

Summary

• Tesla stock is down 23% in 2024, as the company's growth expectations slow and it faces increased competition from Chinese automakers.
• The company's financial results show a decline in gross profit and margins, raising concerns about its valuation.
• CEO Elon Musk's statements about Tesla's future seem unrealistic, to say the least.

The year 2024 is off to a bad start for Tesla, Inc. ( TSLA ), down about 23% as the S&P 500 (SP500) continues to update its all-time high. The main problem remains the same: we are talking about a very good company, but it is overvalued. Growth expectations are slowing down dramatically, and this certainly does not please shareholders....

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