What Tesla's Production Slowdown Could Mean for Its Stock
Tesla (NASDAQ: TSLA) has grown to become the largest producer of electric vehicles (EVs) worldwide. It has always been a trailblazer, leading this new industry with its innovation not just inside each car but also in the manufacturing process.
But 2022 has been challenging. The automotive industry is facing supply chain disruptions that have slowed production, and a brutal sell-off in the stock market has sent company valuations in the tech sector plunging.
Tesla just reported its production figures for the second quarter of 2022, and it revealed the largest sequential drop in two years. While this is a short-term speed bump, it shouldn't alter the company's long-term trajectory.
Source Fool.com
