Tesla Stock Just Reached Its Lowest Level Since May 17 of Last Year. Should Investors Be Worried?
(NASDAQ: TSLA) stock closed at $175.34 a share on March 8 -- the lowest since May 17, 2023, when Tesla closed at $173.86 per share. Tesla is down nearly 30% year to date, but it more than doubled in 2023. Even with last year's monster gain, it may surprise investors to learn that Tesla is actually lower today than it was three years ago, significantly underperforming the S 500 during that time period.
Here's a look at where Tesla stands today, why the growth narrative is being challenged, and if the electric car stock is worth buying now.
Image source: Getty Images.
Source Fool.com
Tesla Inc Stock
€166.26
-2.110%
Our community is currently high on Tesla Inc with 57 Buy predictions and 26 Sell predictions.
With a target price of 249 € there is a positive potential of 49.77% for Tesla Inc compared to the current price of 166.26 €.
