Down 74% in This Bear Market, Can Tesla Recover in 2023?
Shares of Tesla (NASDAQ: TSLA) have plummeted since the market peaked and a bear market began. The electric vehicle (EV) stock is down a resounding 74% since that day on Jan. 3, 2022, according to data provided by S&P Global Market Intelligence.
That could mean now is the time for investors to jump in after thinking they missed out on this former highflier. The question is: What will it take for the stock to recover in 2023?
There's a long list of what went wrong and caused the severity of the decline in Tesla stock during this bear market. Before determining whether the stock will go from laggard to leader in 2023, it's helpful to look at what went wrong since early 2022. For one thing, the stock rocketed 1,250% in the two years leading up to the market peak.
Source Fool.com
