Tesla shares fall 12% after slowdown warning: what does this mean for investors?
Tesla's shares plunged after the company reported earnings that missed expectations and warned of a possible slowdown in 2024. The development brought the stock's biggest drop in more than a year, by more than 12%, with far-reaching implications for investors and the market.
The electric carmaker stressed that volume growth this year could be significantly lower than last yearwhich prompted concerns among various analysts who quickly lowered their price targets for the company. This development points to a possible complications in future developments and the state of the company.
"It's not as bad as we feared, but the negative outlook for the future reinforces some downside risk for now."
Barcalys analysts
Tesla is now facing pressure not only from the market, but also competition from Chinese players and traditional automakers, which has led to price cuts and a strain on margins. This situation raises questions about the company's ability tomaintain its position in a competitive…