(REUTERS) Tesla's troubles The ongoing swoon in Tesla continued to alarm as the electric vehicle giant's losses for the year to date hit 35% - knocking some $250 billion from its market value as it dropped another 4% on Thursday. Dogged by sluggish EV demand in the first quarter, a price war and intense competition from China peers - not to mention a German arson shutdown in one of its factories and noise around chief executive Elon Musk's $56 billion pay package - the stock losses are mounting. Tesla has replaced Boeing as the worst performing stock on the S&P 500 index so far this year. Ten out of 48 brokerages rate the stock "sell" or "strong sell", according to LSEG data.
Maybe there's hope yet, because we are know how good analysts are ... not! Tesla is the worst performing stock in the S&P 500. Analysts say it has further to fall https://www.cnn.com/2024/03/14/investing/tesla-growth-stock-elon-musk/index.html ............... "But even with the recent drop in price, Tesla’s stock is still very expensive when compared to its actual earnings and profits, said Langan." ...............
Seems like the sure-fire way to get fired is to buy Teslas. Hertz CEO Resigns After Buying 100,000 Teslas Doesn't Pay Off https://www.msn.com/en-ca/autos/new...esn-t-pay-off/ar-BB1k7lKw?ocid=StaticFallback
Tesla's recent earnings call seemed confusing. Some investors are concerned because the bosses didn't explain things clearly. As a result, the stock price fell by 11%. It's important for Tesla's leaders to communicate clearly so everyone understands what's happening.