Tesla's Stock Price Just Plunged. Is Now the Time to Invest?

Motley Fool04-21

Tesla is facing a number of challenges, including falling deliveries and profits.The company just said it was laying off more than 10% of its workforce.CEO Elon Musk said the company would unveil the ...

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Comments

Dr Rck
04-21
Dr Rck
So it will take quite a while to see solid growth for robotaxi after Aug 8 if proven to be successful.
FGP
04-21
FGP
Gameover
大蟒
04-21
大蟒
開玩笑吧
大蟒
04-21
大蟒
Are you joking?
ramius75
04-21
ramius75
No. It's going to plunge further.
Dr Rck
04-21
Dr Rck
Think better to wait for the next two quarters before other product lines start picking up or if TSLA offers FSD for free:)

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Is Now the Time to Invest?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-21 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/04/20/teslas-stock-price-just-plunged-is-now-the-time-to/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla is facing a number of challenges, including falling deliveries and profits.The company just said it was laying off more than 10% of its workforce.CEO Elon Musk said the company would unveil the ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/04/20/teslas-stock-price-just-plunged-is-now-the-time-to/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1720051108.HKD","symbol_name":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","start_time":0,"source_url":"https://www.fool.com/investing/2024/04/20/teslas-stock-price-just-plunged-is-now-the-time-to/","article_id":"2428622714","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428622714","pubTimestamp":1713661200,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Tesla's having a rough year. 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The stock is down 11% in the past week, hovering near a 52-week low at a time when the S&P 500 is near an all-time high.So is it a good idea to buy Tesla on the dip? Let's take a look at where the company is today before we answer that question.Image source: Tesla.Tesla in transitionEver since Tesla stock skyrocketed in 2020 when it became profitable, the stock has had a much higher valuation than its traditional automaker peers. Even after the recent sell-off, Tesla is valued at $500 billion, making it one of the most valuable stocks in the country, and several times more valuable than peers like General Motors and Ford.However, Tesla is now facing challenges on multiple fronts. Vehicle deliveries were not only down in the first quarter, but also significantly short of its production, indicating weakening demand. While the company hasn't yet reported first-quarter earnings, profits are likely to be down significantly as prices have fallen due to increasing competition in the EV industry.Additionally, media reports said that the company is putting the development of its mass market-priced Model 2 on pause so it can it focus on its robotaxi and full self-driving technology.Tesla is also laying off more than 10% of its workforce, another indicator that demand is underwhelming, and two key executives involved with battery and vehicle manufacturing said they were leaving the company.Down 37% this year, is Tesla a buy?With EV sales struggling amid increasing competition, weakening demand, and high interest rates, Tesla is pivoting its hopes to its robotaxi and full self-driving technology.CEO Elon Musk said the company would unveil its robotaxi on August 8, but the company is also notorious for delaying its promises and product releases, and Musk has a pattern of using such promises when it's struggling.Tesla's robotaxi has the potential to be a game-changer for the company, but even if Tesla does launch the robotaxi in August, regulation is likely to make a full roll-out challenging.Autonomous vehicles were predicted to go mainstream several years ago, but that didn't happen due to regulatory pressure, safety concerns, and media scrutiny, among other issues.However, Tesla isn't the only company working on self-driving technology. Alphabet's Waymo has racked up millions of miles of driverless transportation and is now actively ferrying passengers in San Francisco, Los Angeles, and Phoenix. General Motors' Cruise was also active in San Francisco until regulators recently pulled it off the road after too many infractions. Other tech and auto companies have also made significant progress in autonomous driving as well.Tesla is still priced at a premium even though the core growth story, selling EVs, appears to be on hold, at least as long as deliveries and prices both keep falling.A recovery in the stock will take a return to solid growth in EV sales and profits or a blowout presentation of the robotaxi, as autonomy is already priced into the stock.In the current economic environment and with the broader headwinds in the electric vehicle sector, that looks more likely to be a losing bet. Tesla stock is best avoided at this point.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":297712016105640,"gmtCreate":1713712284008,"gmtModify":1713712288070,"author":{"id":"3576157343730083","authorId":"3576157343730083","name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3576157343730083","idStr":"3576157343730083"},"htmlText":"So it will take quite a while to see solid growth for robotaxi after&nbsp;Aug 8 if proven to be successful.","listText":"So it will take quite a while to see solid growth for robotaxi after&nbsp;Aug 8 if proven to be successful.","text":"So it will take quite a while to see solid growth for robotaxi after Aug 8 if proven to be successful.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/297712016105640","repostId":2428622714,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":297647636762888,"gmtCreate":1713696566879,"gmtModify":1713696571971,"author":{"id":"3584079457608282","authorId":"3584079457608282","name":"FGP","avatar":"https://community-static.tradeup.com/news/4f96275867e9fcc09f90747c0edcd143","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3584079457608282","idStr":"3584079457608282"},"htmlText":"Gameover","listText":"Gameover","text":"Gameover","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/297647636762888","repostId":2428622714,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":297640535179560,"gmtCreate":1713694935502,"gmtModify":1713694939037,"author":{"id":"3555664469386585","authorId":"3555664469386585","name":"大蟒","avatar":"https://static.tigerbbs.com/2f43219efea6fadaa1c500f3bd8eeaca","vip":1,"crmLevel":8,"crmLevelSwitch":1,"authorIdStr":"3555664469386585","idStr":"3555664469386585"},"htmlText":"開玩笑吧","listText":"開玩笑吧","text":"開玩笑吧","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/297640535179560","repostId":2428622714,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":297640868200536,"gmtCreate":1713694913443,"gmtModify":1713694918334,"author":{"id":"3555664469386585","authorId":"3555664469386585","name":"大蟒","avatar":"https://static.tigerbbs.com/2f43219efea6fadaa1c500f3bd8eeaca","vip":1,"crmLevel":8,"crmLevelSwitch":1,"authorIdStr":"3555664469386585","idStr":"3555664469386585"},"htmlText":"Are you joking?","listText":"Are you joking?","text":"Are you joking?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/297640868200536","repostId":2428622714,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":297635294765192,"gmtCreate":1713693644102,"gmtModify":1713693647736,"author":{"id":"3586470645934044","authorId":"3586470645934044","name":"ramius75","avatar":"https://community-static.tradeup.com/news/9bf23146914ff935921288dd903ce4fa","vip":1,"crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3586470645934044","idStr":"3586470645934044"},"htmlText":"No. It's going to plunge further.&nbsp;","listText":"No. It's going to plunge further.&nbsp;","text":"No. It's going to plunge further.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/297635294765192","repostId":2428622714,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":297578737123608,"gmtCreate":1713679838320,"gmtModify":1713679844158,"author":{"id":"3576157343730083","authorId":"3576157343730083","name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3576157343730083","idStr":"3576157343730083"},"htmlText":"Think better to wait for the next two quarters before other product lines start picking up or if TSLA offers FSD for free:)","listText":"Think better to wait for the next two quarters before other product lines start picking up or if TSLA offers FSD for free:)","text":"Think better to wait for the next two quarters before other product lines start picking up or if TSLA offers FSD for free:)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/297578737123608","repostId":2428622714,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":17,"commentSize":6,"repostSize":5,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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