Despite Market Challenges, Tesla Is Poised for Another Growth Phase

Tesla Inc. (TSLA, Financial) had a challenging start to 2024, with its shares depreciating by 20% year to date at the time of writing. This decline was driven by weak business performance due to a tough macroeconomic environment and increased competition within the electric vehicle market, albeit some of the losses have been regained thus far. Figure 1: Tesla stock down about 20%YTD TSLA Data by GuruFocusHowever, I believe these negative effects are overblown from the perspective of a long-term investor. Lo ...