Tesla shares have faced another tough week. After a decline yesterday, the stock is down more than 5% in early Tuesday trading. This drop follows a dramatic loss of nearly 15% in a 24 hour period last week. The recent slide in Tesla’s stock price is largely attributed to growing public disillusionment with the company, especially as CEO Elon Musk’s increasing involvement in politics draws attention.
Zeekr, Tesla’s competitor in China, has announced the complimentary rollout of its advanced driver-assistance system. In parallel, RBC Capital Markets has revised its price target for Tesla, reflecting diminished expectations regarding the pricing of the company’s autonomous driving technology.
Do you believe Tesla will be able to recover from this downturn?
Boston Bloggerr 