2024-08-07 06:20:00 ET
Through the first seven months of 2024, the S&P 500 and Nasdaq Composite indexes generated total returns of 18% and 17%, respectively. It's certainly been a fantastic year for stock market investors thus far.
However, not all companies have been as fortunate to produce positive gains for their shareholders. Top electric vehicle (EV) maker Tesla (NASDAQ: TSLA) falls into the losing category, as the stock tanked 7% from the start of 2024 through the end of July.
Should you remain bullish and buy the dip?
For further details see:
This "Magnificent Seven" Stock Has Tanked 7% in 2024: Is It Time to Buy the Dip?