Why Tesla Stock Continued to Plunge Today

Core Viewpoint - Tesla's stock has experienced a significant decline, losing 50% of its value over the past three months, raising questions about potential buying opportunities amidst the negativity [1]. Analyst Insights - Analysts are increasingly bearish on Tesla, with Mizuho's Vijay Rakesh reducing his price target from $515 to $430 per share, while still maintaining a buy rating [2]. - The new price target suggests over 80% upside potential, despite concerns regarding brand perception, geopolitical issues, competition, and demand for the Model Y [3]. Company Challenges - Tesla faces challenges including a deterioration in brand perception due to CEO Elon Musk's political involvement, increased competition from China, and softer-than-expected demand for its vehicles [3]. - The impact of Musk's activities on Tesla's EV sales remains difficult to quantify [3]. Potential Catalysts - Musk emphasizes the importance of Tesla's full self-driving technology, asserting that it represents the company's real value [4]. - Tesla plans to launch its Cybercab on public streets this year, which could serve as a significant catalyst for the company's growth [4]. - Rakesh expresses optimism about Tesla's leadership in the EV and self-driving markets, suggesting that investors may want to consider buying the current dip if the company succeeds in the autonomous vehicle sector [5].