Feed Community
AG
Alfred Gray
@alfredgray · Mar 8

Tesla faces longest losing streak in 15 years

Shares $TSLA have fallen for seven straight weeks, the longest decline since it went public.

Key reasons for the drop:

-Bank of America and Goldman Sachs cut target prices on $TSLAstock due to falling sales and market uncertainty

- Musk's political involvement and controversial statements negatively impact investor sentiment in the US and Europe

Optimistic view:

- Wedbush remains bullish and sees potential in robotaxis, humanoid robots and future innovation

If $TSLA does not deliver strong results or a new catalyst, the negative trend may continue.

A community member's personal view, not investment advice. Community Guidelines

BC

I remain optimistic. I believe in Tesla and the stock should rise over the long term, so I'm buying.

AG

What do you think should drive long-term growth?

MS

To me, Tesla is just a regular car company and I don't count those Musk promises and visions as they won't deliver and those things won't happen anyway.

YE

I'd look for -50% in profits compared to last year rather than what Musk is spouting somewhere or banks are "analyzing" behind the decline.

TM

Currently, the price is in line with fundamentals and the stock is not as overvalued as it was at the end of last year, but the decline may still continue.

CB

Exactly, the decline will continue. I'm waiting for the price to drop below $250.

NT

The situation is not ideal right now, but on the other hand, it's a very good opportunity and I'm buying in now.

We use essential cookies to run the website and optional analytics cookies to measure usage. See our Privacy Policy.