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home / news releases / tesla s bullish momentum building up

GM - Tesla's Bullish Momentum Building Up

General Motors Company

2024-06-17 10:36:31 ET

Summary

  • Tesla, Inc. stock underperformed by 28% this year amid concerns of higher interest rates affecting premium cars.
  • Technical indicators suggest bullish momentum for Tesla stock, providing a strategic opportunity for long-term investors.
  • Despite delivery drop and revenue slump, Tesla remains focused on growth, industry dominance, and cost-efficiency programs.

Investment Thesis

Tesla, Inc. ( TSLA ) has been under immense pressure recently. The stock has already decreased by about 28% for the year, while the S&P 500 has gained more than 14%. The underperformance comes amid growing concerns that higher interest rates pressure the company's premium cars....

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Tesla's Bullish Momentum Building Up
Stock Information
Company Name: General Motors Company
Stock Symbol: GM
Market: NYSE
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