Tesla Inc.’s (TSLA) stock has plummeted in recent days after Elon Musk’s highly publicized split with President Donald J. Trump. The company’s share price has lost nearly a quarter of its value year-to-date, sparking concerns among investors.
Musk’s decision to scale back his duties at Tesla and focus on private sector ventures was initially seen as a positive move for the company. However, it appears that this shift in strategy may have alienated some key customers – particularly progressive voters who are more likely to purchase electric vehicles (EVs).
According to Cash Flow Venue, an investor with a track record of predicting market trends, Tesla’s sales figures paint a concerning picture. Year-over-year sales declines of 68% in Portugal, 67% in France, and 54% in Sweden suggest that the company is facing significant challenges globally.
Furthermore, Trump administration policies are exacerbating the issue, particularly the impending end of EV tax incentives. This decline in demand is expected to have a negative impact on Tesla’s valuation, making its current price “counterintuitive.”
Despite this, Wall Street remains divided on TSLA stock. A consensus Hold (Neutral) rating from analysts reflects mixed opinions, with 14 Buys, 12 Holds, and 10 Sells.
Investors are advised to do their own analysis before making any investment decisions, as the opinions expressed in this article are solely those of Cash Flow Venue and should not be taken as investment advice.
Source: https://www.tipranks.com/news/its-only-just-begun-says-investor-about-tesla-stock