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home / news releases / SPY - Tesla: Should We Get Used To Disappointment?

SPY - Tesla: Should We Get Used To Disappointment?

SPDR S&P 500

2024-04-03 12:48:32 ET

Summary

  • Tesla, Inc. stock has fallen by nearly 30% in 2024, bringing its inclusion in the Magnificent Seven into question.
  • Analyst expectations for Tesla's first quarter results have been trending downward, and the company's recently released figures were worse than expected.
  • Despite this, Tesla's valuation remains elevated against peers in both the tech and automotive manufacturing sectors.

Background

2024 has not been kind to Tesla, Inc. ( TSLA ), the maker of electric automobiles which bulls like to brand as primarily a tech company. While the broader S&P 500 (SP500, SPY) has returned 10% year-to-date, Tesla's stock has fallen by nearly 30%....

For further details see:

Tesla: Should We Get Used To Disappointment?
Stock Information
Company Name: SPDR S&P 500
Stock Symbol: SPY
Market: NYSE
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