GM - Tesla's Drive Hasn't Crashed At Rock-Bottom Yet
2024-02-08 08:06:05 ET
Summary
- Tesla's fundamental data shows encouraging revenue and profit growth, positive cash flow, and a healthy balance sheet.
- Recent weakness in Tesla's stock price is attributed to lower-than-expected revenue and concerns over future output.
- Increased competition and a high share price are major issues, and it's likely the stock's downside will continue from here.
Beyond any doubt, one of the most controversial companies on the market today and certainly one of the most followed is electric vehicle manufacturer Tesla (TSLA). Between the company's mission to popularize electric vehicles at a time when a shift to all things electric has both sides of the political aisle up in arms, to the company's top brass, Elon Musk, serving as a contentious executive that has become a mascot of sorts for the right, to a share price that has often been questioned because of underlying fundamentals, and other factors, the company is loved by many and hated by many....
Tesla's Drive Hasn't Crashed At Rock-Bottom Yet