Prediction: Here's What Comes Next for Tesla, and What It Could Mean for Its Stock Price
The past has been wonderful for Tesla. The future may be different.
Uncertainty abounds for Tesla (NASDAQ: TSLA) today. Its electric vehicle (EV) sales are now declining, its CEO was an advisor to the President of the United States but how has a frostier relationship, and it is investing in numerous new technologies to try to drive future growth. We are currently witnessing a company at a crossroads; the next few years are crucial for Tesla and the long-term trajectory of its stock price, currently at a current market value of $1 trillion.
Here's my prediction on what comes next for Tesla, and what it means for the stock going forward.
In the last few years, EV competition has come for Tesla's dominant market position. In the United States, Tesla's market share of new EV sales has dropped to 43.5% compared to 75% at the start of 2022, a trend that may continue with the growing presence of EV products from legacy car manufacturers and others.
