Posted 4/6/2024, 12:30:05 PM
Tesla Shares Plunge as Sales Miss and Growth Outlook Darkens
- Tesla's sales figures missed expectations by a wide margin, raising questions about future growth
- Without high growth, Tesla's lofty valuation is harder to justify
- Tesla shares have plunged 34% this year, the worst performer in major indexes
- Analysts have cut profit estimates, not expecting Tesla to match 2022 profitability until 2026
- Despite the selloff, Tesla shares could rebound if growth outlook improves, but a "catalyst" is still needed
