Posted 3/15/2024, 2:44:38 PM
Tesla Faces Mounting Struggles Amid Falling Stock Price and Production Delays
- Tesla stock has plummeted 32% since January, hitting a 10-month low, making it the worst performing S&P 500 stock
- Growth is expected to remain flat this year and decline starting in 2025 due to surging competition eating market share
- Struggling to keep up with orders while resale values plummet
- Self-inflicted wounds like poor quality control leading to vehicles depreciating rapidly
- Elon Musk accused of abandoning company to spread disinformation while failing to achieve full self-driving capabilities