This Is Disastrous News for EV Stocks
(NASDAQ: TSLA) has been in an ongoing battle with Chinese competitors on one end and an oversupplied electric vehicle (EV) market on the other. The impact on the company has been falling sale prices and, ultimately, declining margins.
This week's news that Tesla has cut prices again is not only bad for Tesla but also disastrous news for some smaller EV companies that once had high hopes.
*Stock prices used were end-of-day prices of March 4, 2024. The video was published on March 4, 2024.
Source Fool.com
Tesla Inc Stock
€206.90
1.800%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 16.0% compared to the current price of 206.9 € for Tesla Inc.
