Despite such rampant growth, BYD stock trades at a reasonable 17 times forward earnings estimates, with a price to sales ratio of 0.9. The stock is up 16% in the last two months but still 35% below its July 2022 peak (82). This is a great time to buy a stock that not only looks like the next Tesla – it essentially already is China’s Tesla. Tesla’s stock price has plummeted 30% from its all-time high in December, including a 21% selloff since Inauguration Day.

Airbnb Co-founder Joe Gebbia Joins Elon Musk’s Government Efficiency Team

• The move underscores heightened skepticism about whether Tesla’s earnings growth can continue to justify its valuation multiples, which remain elevated relative to peers in the automotive and technology sectors.
• Stagnant price momentum over the past 40 months signals bearish sentiment and raises doubts about Tesla’s valuation sustainability.
• TSLA remains a highly volatile stock with significant upside and downside potential.
• Musk’s investment not only provided the company with needed capital but also attracted additional funding from outside investors, including venture capitalists.
• The costs to operate the network will primarily be charging and maintenance.

In early 2024, the company missed earnings and revenue projections, a trend from the past three quarters. Free cash flow decreased from $7.6 billion in 2022 to $4.4 billion in 2023. The average analyst rating for Tesla stock from 36 stock analysts is “Hold”. This means that analysts believe this stock is likely to perform similarly to the overall market. While Tesla has become a member of the S&P 500 and has a large market cap, it’s still relatively new in public markets and its volatile stock price https://www.forex-world.net/ makes it difficult to group it with more established blue chips. Tesla does not pay dividends and currently has no plans to offer dividends to investors.

• The Oracle of Omaha is well-aware that recessions are an inevitable part of the economic cycle.
• This stagnation reflects ongoing volatility in both growth expectations and operational performance, suggesting that the company’s trajectory has been more consistent with consolidation rather than breakout potential.
• Other models are on the way, including the Cybertruck and a new version of the Roadster.
• The expansion of Tesla’s robotaxi fleet could significantly disrupt traditional transportation and reshape revenue streams.
• A 2023 study by Nikkei Asia found that nearly 40 percent of the suppliers for materials used in Tesla’s EV batteries are Chinese companies.
• In this article, we’ll breakdown the factors currently weighing on TSLA shares, how the company plans to move forward after the Cybertruck mishap and where the stock price could be in 2025 and the next five years.

What’s Next For Tesla’s Stock Price After Monday’s 5% Surge?

However, Musk also broker finexo has a track record of eventually fulfilling some of his big promises. For example, the Cybertruck became a reality in late 2023 after years of hype. Musk, who also runs SpaceX and a number of other companies, has been known to make big often exaggerated promises.

ABC News

“Now the time has come for the broader software space to get in on the AI Party as we believe the use cases are exploding.” Green Thumb Industries (GTBIF) After being beaten to a pulp for the last few years, the cannabis sector is once again showing impressive signs of life. As a group, cannabis stocks peaked in late 2018, and after a brief but spirited comeback in late 2020/early 2021 did nothing but fall for more than two years. But if you don’t already own it, I think there are better prospects out there—particularly in less famous stocks.

The biggest opportunity for Tesla is the growing demand for EVs and related technologies. The International Energy Agency projects EV sales in the U.S. will increase by 20% in 2024 compared to 2023. By 2030, there could be as many EVs as internal combustion Best stocks to day trade engine vehicles. The company has been criticized for injuries that allegedly occurred due to its aggressive production goals. It has also been accused of attempting to prevent factory workers from unionizing. The stock was down another 4% on Tuesday, trading around $395.30 per share.

The Next Tesla (TSLA) Stock? Here are 3 Potential Candidates

In the other camp, bearish analysts and investors feel that the company will fail to live up to expectations and will just become another production company, rather than something innovative and special. Bears view the company as overvalued, overly subsidized and susceptible to competition. But Tesla’s sometimes-controversial CEO, Elon Musk, also keeps the company in the news, both with his bold business moves and with his always newsworthy tweets and public comments.

Regardless, Tesla’s ambition to dominate the automobile industry is clear and resolute. Get the latest news on investing, money, and more with our free newsletter. Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct.

The author notes that underinvestment in next-generation innovations or new product pipelines could weaken Tesla’s ability to defend its market share in the longer term. The expansion of Tesla’s robotaxi fleet could significantly disrupt traditional transportation and reshape revenue streams. As the author notes, achieving meaningful market penetration with this service will unlock high-margin recurring revenue opportunities that could substantially enhance earnings per share and operational cash generation. Internal changes in Tesla’s executive leadership are a critical focal point, bringing both opportunities and risks.

But here’s the potential deal-breaker

Yet, all three companies reached a $5.5 billion valuation without generating significant sales. Fortunately, the 2020 electric vehicle craze spawned a plethora of both great and terrible Moonshot bets. And with some luck, the next millionaire-makers might be hiding among the tiny startups of the electric vehicle world. Shares Short Prior Month – the number of shares in short positions in the last month.