No. of Recommendations: 3
So, there's no knife falling quite so fast these days as Tesla. Elon Musk is irradiating his personal brand (and that of Tesla) among a big swath of the country, China's got some issues both as an EV market and manufacturing center, and the EV segment of the market is maturing. That's let a lot of the air out of the stock, which has dropped nearly a quarter of its value this week.
But several of those things might be short-term. Musk eventually will have to step away from Twitter - he can't keep running both Twitter and Tesla, and I can't see him picking the former over the latter. Eventually Covid will do what it will do to largely unvaccinated China, and the factories will fully open again. And there's still lots of growth to come in the EV market.
Is there a point when TSLA becomes attractive?
Albaby