Posted 3/14/2024, 5:01:19 PM
Tesla Sales Slump Raises Concerns Over Growth Potential Despite High Valuation
- Tesla's sales growth has stagnated recently, causing some analysts to question its future potential
- Wells Fargo analyst downgraded Tesla stock over concerns about lackluster sales volume forecasts
- Tesla stock still trades at very high valuation multiples despite the sales slump
- Other analysts remain confident in Tesla's ability to rebound with improved growth
- The volatile EV market serves as a reminder of the unpredictability of growth trajectories, even for industry leaders