Tesla's stock has been a rollercoaster for investors, but recent developments could push it onto a rougher track. Yesterday, Tesla closed at $394.36, a far cry from its 52-week low of $138.80 but below its high of $488.54. Despite this impressive growth, I’ve maintained skepticism about its valuation. Even when Tesla was trading around $190, I considered it significantly overvalued. Now, with the stock price much higher, it’s firmly out of my consideration for investment. Tesla Motors (TSLA) Adding to my hesitation, NHTSA recently announced an investigation into nearly 2.6 million Tesla vehicles. The probe raises concerns about safety and compliance issues, potentially leading to recalls, fines, or reputational damage—all of which could weigh on Tesla’s stock price. The uncertainty stemmin
Tesla Under Investigation: Will It Drop to 350 With More Trouble Ahead?
Bank of America analyst John Murphy downgraded Tesla to Neutral from Buy, claiming that most of the EV maker's upside has been recognized since the firm upgraded shares back in April of last year. Since then, Tesla shares are up over 60%, though most of that run-up has come after President Trump’s election win in November. On Tuesday, NHTSA announced that it has launched an investigation into nearly 2.6 million Tesla vehicles. ------------------- Are you still holding Tesla or waiting for a chance to buy in? What's your target price as Tesla is struggling at $400?
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