Should You Buy Tesla Stock Before April 2?
Shares of Tesla (NASDAQ: TSLA) soared to a record high of $479 at the end of 2024, shortly after President Trump won the election. Investors were optimistic about the possibility of friendlier regulations that could help Tesla fast-track its autonomous driving and robotics platforms. They could add trillions of dollars to the company's valuation, according to some Wall Street analysts and CEO Elon Musk.But the stock has since plummeted 53% from its all-time high. The company still draws 79% of its revenue from passenger electric vehicles (EVs), and some reports during the early stages of 2025 suggest demand might be falling off a cliff.Management usually reports its production and delivery numbers for the first quarter of the year (ended March 31) on April 2. Since its stock has already been cut in half over the last few months, could this be a buying opportunity ahead of the report on deliveries? Let's find out.Continue reading
Shares of Tesla (NASDAQ: TSLA) soared to a record high of $479 at the end of 2024, shortly after President Trump won the election. Investors were optimistic about the possibility of friendlier regulations that could help Tesla fast-track its autonomous driving and robotics platforms. They could add trillions of dollars to the company's valuation, according to some Wall Street analysts and CEO Elon Musk.
But the stock has since plummeted 53% from its all-time high. The company still draws 79% of its revenue from passenger electric vehicles (EVs), and some reports during the early stages of 2025 suggest demand might be falling off a cliff.
Management usually reports its production and delivery numbers for the first quarter of the year (ended March 31) on April 2. Since its stock has already been cut in half over the last few months, could this be a buying opportunity ahead of the report on deliveries? Let's find out.
