Tesla Stock Plummets as Growth Stalls and Competition Heats Up

Tesla is the worst performing stock in the S&P 500 this year, down nearly 32%
Wells Fargo analyst predicts Tesla's growth will remain flat this year and decline in 2025 due to increased competition and disappointing deliveries
Tesla reported a 40% decline in Q4 2022 profit compared to the year before, unlike other major tech stocks
Tesla faces a perfect storm of increased EV competition and declining fundamentals and growth
Wells Fargo and UBS have sharply reduced their price targets for Tesla stock, predicting further decreases of 25% and 27% respectively