Prediction: Tesla Stock Could Plunge by Another 50% (or More)
Tesla (NASDAQ: TSLA) stock soared to a new record high in December, shortly after President Trump's election win. Investors are betting on friendlier regulations, which could help the company bring its full-self-driving (FSD) software to market much faster than previously expected, especially since CEO Elon Musk is currently serving as an advisor to the administration.FSD has the potential to transform Tesla's economics, but that could still take years, even with an accelerated approval timeline (more on this later). In the meantime, the company is struggling with declining passenger electric-vehicle (EV) sales, which is where most of its revenue comes from right now.That's part of the reason Tesla stock has fallen 31% from its recent record high. Here's why I predict it could plunge by another 50% over the next year or so.Continue reading
Tesla (NASDAQ: TSLA) stock soared to a new record high in December, shortly after President Trump's election win. Investors are betting on friendlier regulations, which could help the company bring its full-self-driving (FSD) software to market much faster than previously expected, especially since CEO Elon Musk is currently serving as an advisor to the administration.
FSD has the potential to transform Tesla's economics, but that could still take years, even with an accelerated approval timeline (more on this later). In the meantime, the company is struggling with declining passenger electric-vehicle (EV) sales, which is where most of its revenue comes from right now.
That's part of the reason Tesla stock has fallen 31% from its recent record high. Here's why I predict it could plunge by another 50% over the next year or so.
