Is It Time to Buy the Nasdaq's Worst-Performing 2024 Stock?

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Is It Time to Buy the Nasdaq's Worst-Performing 2024 Stock?

Motley Fool04-10

After a fantastic 2023, Tesla shares fell 29% in the first quarter of 2024.The company is facing a variety of challenges, ranging from tepid electric vehicle demand to stiffer competition and ...

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Song Keat
·04-10
$60
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Guavaxf30
·04-10
Not yet. Look for the $150 mark. And even then, see if it crashes through. This is my own thoughts which I have stated often recently.
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Eeyore Trade
·04-10
I'd rather buy Apple 🍎
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That narrowly edged out Sirius XM Holdings (down 29.1%) for the bottom spot, ahead of other Nasdaq-100 laggards, such as Lululemon Athletica, Charter Communications, and Warner Bros. Discovery.Data by YCharts.So, is this a buying opportunity for investors, or is it time to cut losses?What's going on with Tesla?Tesla has been making headlines for all the wrong reasons. Let's start with the company's biggest problem: Overall demand for EVs is falling short of expectations.There are several reasons why this is happening:High interest rates and pricesLagging EV infrastructure (charging stations)Manufacturing delaysTax credit confusion and uncertaintyAn overall lack of consumer acceptanceIn short, EV sales have leveled off at around 9% of overall new vehicle sales when many industry analysts expected them to climb much higher by now. And while it's still likely that EV sales will break through into the double-digit range as the auto industry continues to transition away from gas-powered vehicles, this slower growth is hurting every company that makes EVs -- Tesla in particular. That's because Tesla previously set aggressive sales and production goals: 50% annual production growth, culminating in 20 million vehicles annually by 2030.Now, Tesla's pathway to that goal is in doubt. The company recently released disappointing delivery figures that declined 9% year over year. Moreover, Tesla chief executive officer (CEO) Elon Musk noted during the company's January earnings call that \"our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle at Gigafactory Texas.\"What's more, the company is facing a litany of other issues:Growing competition in the critical Chinese marketSupply chain disruptions due to Red Sea turmoilVandalism outside the company's German factory temporarily halted productionMusk's purchase and management of Twitter, now X, has alienated some car buyersTo sum up, Tesla is facing both macro problems (a sluggish EV market) and micro problems (slowing production growth and escalating competition).Low valuation makes Tesla attractiveYet despite its problems, Tesla does have many positives. The company is undoubtedly adept at making EVs, indeed lots of them -- and selling them for a profit.While other EV makers like Rivian have struggled to turn a profit, Tesla generated $15 billion in net income over the last 12 months with some of the strongest profit margins in the industry.Accordingly, the stock's price-to-earnings (P/E) multiple continues to shrink. It now stands at 40. That's one of the lowest valuations for Tesla since its all-time low of 30 back in Jan. 2023.Data by YCharts.A reminder: Tesla stock more than doubled in calendar year 2023, skyrocketing from under $120 per share to more than $240.Is Tesla a buy now?In addition to its attractive valuation, Tesla has a few other tricks up its sleeve. For one, Elon Musk recently announced the company's long-awaited robotaxi will debut on Aug. 8. While the specifics of the robotaxi remain to be seen, it could serve as a much-needed catalyst for the stock, given the importance of self-driving technology to the company.So for long-term investors who believe both in the EV transition and Tesla's ability to pull off full self-driving, this year's pullback could serve as an excellent buying opportunity.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[{"id":293792665096464,"gmtCreate":1712733614551,"gmtModify":1712733617531,"author":{"id":"4101041697234290","authorId":"4101041697234290","name":"Song Keat","avatar":"https://community-static.tradeup.com/news/a14af5fd2b8ea0452790c7e91d28e18e","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"$60","listText":"$60","text":"$60","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293792665096464","repostId":2426932116,"repostType":4,"repost":{"id":"2426932116","pubTimestamp":1712732400,"share":"https://www.laohu8.com/m/news/2426932116?lang=&edition=full","pubTime":"2024-04-10 15:00","market":"us","language":"en","title":"Is It Time to Buy the Nasdaq's Worst-Performing 2024 Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2426932116","media":"Motley Fool","summary":"This stock has its back to the wall yet again. Will it pull off another comeback?","content":"<html><head></head><body><ul style=\"\"><li><p>After a fantastic 2023, Tesla shares fell 29% in the first quarter of 2024.</p></li><li><p>The company is facing a variety of challenges, ranging from tepid electric vehicle demand to stiffer competition and production delays.</p></li><li><p>Despite its challenges, Tesla&#39;s valuation and potential make it worth considering for long-term investors.</p></li></ul><p>The first quarter of 2024 is in the books, and it&#39;s official: <strong>Tesla</strong> was the worst-performing stock in the <strong>Nasdaq-100</strong>.</p><p>The electric vehicle (EV) maker&#39;s stock plunged 29.3% during the quarter. That narrowly edged out <strong>Sirius XM Holdings</strong> (down 29.1%) for the bottom spot, ahead of other Nasdaq-100 laggards, such as <strong>Lululemon</strong> <strong>Athletica</strong>, <strong>Charter</strong> <strong>Communications</strong>, and <strong>Warner</strong> <strong>Bros. Discovery</strong>.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f899d3bf22e86388d875e0946c1b55dc\" alt=\"Data by YCharts.\" title=\"Data by YCharts.\" tg-width=\"720\" tg-height=\"507\"/><span>Data by YCharts.</span></p><p>So, is this a buying opportunity for investors, or is it time to cut losses?</p><h2 id=\"id_4131954176\">What&#39;s going on with Tesla?</h2><p>Tesla has been making headlines for all the wrong reasons. Let&#39;s start with the company&#39;s biggest problem: Overall demand for EVs is falling short of expectations.</p><p>There are several reasons why this is happening:</p><ul style=\"\"><li><p>High interest rates and prices</p></li><li><p>Lagging EV infrastructure (charging stations)</p></li><li><p>Manufacturing delays</p></li><li><p>Tax credit confusion and uncertainty</p></li><li><p>An overall lack of consumer acceptance</p></li></ul><p>In short, EV sales have leveled off at around 9% of overall new vehicle sales when many industry analysts expected them to climb much higher by now. And while it&#39;s still likely that EV sales will break through into the double-digit range as the auto industry continues to transition away from gas-powered vehicles, this slower growth is hurting every company that makes EVs -- Tesla in particular. That&#39;s because Tesla previously set aggressive sales and production goals: 50% annual production growth, culminating in 20 million vehicles annually by 2030.</p><p>Now, Tesla&#39;s pathway to that goal is in doubt. The company recently released disappointing delivery figures that declined 9% year over year. Moreover, Tesla chief executive officer (CEO) Elon Musk noted during the company&#39;s January earnings call that &#34;our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle at Gigafactory Texas.&#34;</p><p>What&#39;s more, the company is facing a litany of other issues:</p><ul style=\"\"><li><p>Growing competition in the critical Chinese market</p></li><li><p>Supply chain disruptions due to Red Sea turmoil</p></li><li><p>Vandalism outside the company&#39;s German factory temporarily halted production</p></li><li><p>Musk&#39;s purchase and management of Twitter, now X, has alienated some car buyers<br/></p></li></ul><p>To sum up, Tesla is facing both macro problems (a sluggish EV market) and micro problems (slowing production growth and escalating competition).</p><h2 id=\"id_1636104006\">Low valuation makes Tesla attractive</h2><p>Yet despite its problems, Tesla does have many positives. The company is undoubtedly adept at making EVs, indeed lots of them -- and selling them for a profit.</p><p>While other EV makers like <strong>Rivian</strong> have struggled to turn a profit, Tesla generated $15 billion in net income over the last 12 months with some of the strongest profit margins in the industry.</p><p>Accordingly, the stock&#39;s price-to-earnings (P/E) multiple continues to shrink. It now stands at 40. That&#39;s one of the lowest valuations for Tesla since its all-time low of 30 back in Jan. 2023.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/792774be8d9269896ce5eeb2d3ead2a0\" alt=\"Data by YCharts.\" title=\"Data by YCharts.\" tg-width=\"720\" tg-height=\"441\"/><span>Data by YCharts.</span></p><p>A reminder: Tesla stock more than doubled in calendar year 2023, skyrocketing from under $120 per share to more than $240.</p><h2 id=\"id_4000358130\">Is Tesla a buy now?</h2><p>In addition to its attractive valuation, Tesla has a few other tricks up its sleeve. For one, Elon Musk recently announced the company&#39;s long-awaited robotaxi will debut on Aug. 8. While the specifics of the robotaxi remain to be seen, it could serve as a much-needed catalyst for the stock, given the importance of self-driving technology to the company.</p><p>So for long-term investors who believe both in the EV transition and Tesla&#39;s ability to pull off full self-driving, this year&#39;s pullback could serve as an excellent buying opportunity.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is It Time to Buy the Nasdaq's Worst-Performing 2024 Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs It Time to Buy the Nasdaq's Worst-Performing 2024 Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-10 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/04/09/is-it-time-buy-nasdaqs-worst-performing-2024-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a fantastic 2023, Tesla shares fell 29% in the first quarter of 2024.The company is facing a variety of challenges, ranging from tepid electric vehicle demand to stiffer competition and ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/04/09/is-it-time-buy-nasdaqs-worst-performing-2024-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4550":"红杉资本持仓","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4551":"寇图资本持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4099":"汽车制造商","BK4511":"特斯拉概念","BK4112":"金融交易所和数据","BK4548":"巴美列捷福持仓","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","TSLA":"特斯拉","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4534":"瑞士信贷持仓","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4555":"新能源车","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD"},"source_url":"https://www.fool.com/investing/2024/04/09/is-it-time-buy-nasdaqs-worst-performing-2024-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2426932116","content_text":"After a fantastic 2023, Tesla shares fell 29% in the first quarter of 2024.The company is facing a variety of challenges, ranging from tepid electric vehicle demand to stiffer competition and production delays.Despite its challenges, Tesla's valuation and potential make it worth considering for long-term investors.The first quarter of 2024 is in the books, and it's official: Tesla was the worst-performing stock in the Nasdaq-100.The electric vehicle (EV) maker's stock plunged 29.3% during the quarter. That narrowly edged out Sirius XM Holdings (down 29.1%) for the bottom spot, ahead of other Nasdaq-100 laggards, such as Lululemon Athletica, Charter Communications, and Warner Bros. Discovery.Data by YCharts.So, is this a buying opportunity for investors, or is it time to cut losses?What's going on with Tesla?Tesla has been making headlines for all the wrong reasons. Let's start with the company's biggest problem: Overall demand for EVs is falling short of expectations.There are several reasons why this is happening:High interest rates and pricesLagging EV infrastructure (charging stations)Manufacturing delaysTax credit confusion and uncertaintyAn overall lack of consumer acceptanceIn short, EV sales have leveled off at around 9% of overall new vehicle sales when many industry analysts expected them to climb much higher by now. And while it's still likely that EV sales will break through into the double-digit range as the auto industry continues to transition away from gas-powered vehicles, this slower growth is hurting every company that makes EVs -- Tesla in particular. That's because Tesla previously set aggressive sales and production goals: 50% annual production growth, culminating in 20 million vehicles annually by 2030.Now, Tesla's pathway to that goal is in doubt. The company recently released disappointing delivery figures that declined 9% year over year. Moreover, Tesla chief executive officer (CEO) Elon Musk noted during the company's January earnings call that \"our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle at Gigafactory Texas.\"What's more, the company is facing a litany of other issues:Growing competition in the critical Chinese marketSupply chain disruptions due to Red Sea turmoilVandalism outside the company's German factory temporarily halted productionMusk's purchase and management of Twitter, now X, has alienated some car buyersTo sum up, Tesla is facing both macro problems (a sluggish EV market) and micro problems (slowing production growth and escalating competition).Low valuation makes Tesla attractiveYet despite its problems, Tesla does have many positives. The company is undoubtedly adept at making EVs, indeed lots of them -- and selling them for a profit.While other EV makers like Rivian have struggled to turn a profit, Tesla generated $15 billion in net income over the last 12 months with some of the strongest profit margins in the industry.Accordingly, the stock's price-to-earnings (P/E) multiple continues to shrink. It now stands at 40. That's one of the lowest valuations for Tesla since its all-time low of 30 back in Jan. 2023.Data by YCharts.A reminder: Tesla stock more than doubled in calendar year 2023, skyrocketing from under $120 per share to more than $240.Is Tesla a buy now?In addition to its attractive valuation, Tesla has a few other tricks up its sleeve. For one, Elon Musk recently announced the company's long-awaited robotaxi will debut on Aug. 8. While the specifics of the robotaxi remain to be seen, it could serve as a much-needed catalyst for the stock, given the importance of self-driving technology to the company.So for long-term investors who believe both in the EV transition and Tesla's ability to pull off full self-driving, this year's pullback could serve as an excellent buying opportunity.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":293790616952936,"gmtCreate":1712733123632,"gmtModify":1712733127597,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1},"htmlText":"Not yet. Look for the $150 mark. And even then, see if it crashes through.&nbsp; This is&nbsp;my own thoughts which I have stated often recently.","listText":"Not yet. Look for the $150 mark. And even then, see if it crashes through.&nbsp; This is&nbsp;my own thoughts which I have stated often recently.","text":"Not yet. Look for the $150 mark. And even then, see if it crashes through. This is my own thoughts which I have stated often recently.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293790616952936","repostId":2426932116,"repostType":2,"repost":{"id":"2426932116","pubTimestamp":1712732400,"share":"https://www.laohu8.com/m/news/2426932116?lang=&edition=full","pubTime":"2024-04-10 15:00","market":"us","language":"en","title":"Is It Time to Buy the Nasdaq's Worst-Performing 2024 Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2426932116","media":"Motley Fool","summary":"This stock has its back to the wall yet again. Will it pull off another comeback?","content":"<html><head></head><body><ul style=\"\"><li><p>After a fantastic 2023, Tesla shares fell 29% in the first quarter of 2024.</p></li><li><p>The company is facing a variety of challenges, ranging from tepid electric vehicle demand to stiffer competition and production delays.</p></li><li><p>Despite its challenges, Tesla&#39;s valuation and potential make it worth considering for long-term investors.</p></li></ul><p>The first quarter of 2024 is in the books, and it&#39;s official: <strong>Tesla</strong> was the worst-performing stock in the <strong>Nasdaq-100</strong>.</p><p>The electric vehicle (EV) maker&#39;s stock plunged 29.3% during the quarter. That narrowly edged out <strong>Sirius XM Holdings</strong> (down 29.1%) for the bottom spot, ahead of other Nasdaq-100 laggards, such as <strong>Lululemon</strong> <strong>Athletica</strong>, <strong>Charter</strong> <strong>Communications</strong>, and <strong>Warner</strong> <strong>Bros. Discovery</strong>.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f899d3bf22e86388d875e0946c1b55dc\" alt=\"Data by YCharts.\" title=\"Data by YCharts.\" tg-width=\"720\" tg-height=\"507\"/><span>Data by YCharts.</span></p><p>So, is this a buying opportunity for investors, or is it time to cut losses?</p><h2 id=\"id_4131954176\">What&#39;s going on with Tesla?</h2><p>Tesla has been making headlines for all the wrong reasons. Let&#39;s start with the company&#39;s biggest problem: Overall demand for EVs is falling short of expectations.</p><p>There are several reasons why this is happening:</p><ul style=\"\"><li><p>High interest rates and prices</p></li><li><p>Lagging EV infrastructure (charging stations)</p></li><li><p>Manufacturing delays</p></li><li><p>Tax credit confusion and uncertainty</p></li><li><p>An overall lack of consumer acceptance</p></li></ul><p>In short, EV sales have leveled off at around 9% of overall new vehicle sales when many industry analysts expected them to climb much higher by now. And while it&#39;s still likely that EV sales will break through into the double-digit range as the auto industry continues to transition away from gas-powered vehicles, this slower growth is hurting every company that makes EVs -- Tesla in particular. That&#39;s because Tesla previously set aggressive sales and production goals: 50% annual production growth, culminating in 20 million vehicles annually by 2030.</p><p>Now, Tesla&#39;s pathway to that goal is in doubt. The company recently released disappointing delivery figures that declined 9% year over year. Moreover, Tesla chief executive officer (CEO) Elon Musk noted during the company&#39;s January earnings call that &#34;our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle at Gigafactory Texas.&#34;</p><p>What&#39;s more, the company is facing a litany of other issues:</p><ul style=\"\"><li><p>Growing competition in the critical Chinese market</p></li><li><p>Supply chain disruptions due to Red Sea turmoil</p></li><li><p>Vandalism outside the company&#39;s German factory temporarily halted production</p></li><li><p>Musk&#39;s purchase and management of Twitter, now X, has alienated some car buyers<br/></p></li></ul><p>To sum up, Tesla is facing both macro problems (a sluggish EV market) and micro problems (slowing production growth and escalating competition).</p><h2 id=\"id_1636104006\">Low valuation makes Tesla attractive</h2><p>Yet despite its problems, Tesla does have many positives. The company is undoubtedly adept at making EVs, indeed lots of them -- and selling them for a profit.</p><p>While other EV makers like <strong>Rivian</strong> have struggled to turn a profit, Tesla generated $15 billion in net income over the last 12 months with some of the strongest profit margins in the industry.</p><p>Accordingly, the stock&#39;s price-to-earnings (P/E) multiple continues to shrink. It now stands at 40. That&#39;s one of the lowest valuations for Tesla since its all-time low of 30 back in Jan. 2023.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/792774be8d9269896ce5eeb2d3ead2a0\" alt=\"Data by YCharts.\" title=\"Data by YCharts.\" tg-width=\"720\" tg-height=\"441\"/><span>Data by YCharts.</span></p><p>A reminder: Tesla stock more than doubled in calendar year 2023, skyrocketing from under $120 per share to more than $240.</p><h2 id=\"id_4000358130\">Is Tesla a buy now?</h2><p>In addition to its attractive valuation, Tesla has a few other tricks up its sleeve. For one, Elon Musk recently announced the company&#39;s long-awaited robotaxi will debut on Aug. 8. While the specifics of the robotaxi remain to be seen, it could serve as a much-needed catalyst for the stock, given the importance of self-driving technology to the company.</p><p>So for long-term investors who believe both in the EV transition and Tesla&#39;s ability to pull off full self-driving, this year&#39;s pullback could serve as an excellent buying opportunity.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is It Time to Buy the Nasdaq's Worst-Performing 2024 Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs It Time to Buy the Nasdaq's Worst-Performing 2024 Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-10 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/04/09/is-it-time-buy-nasdaqs-worst-performing-2024-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a fantastic 2023, Tesla shares fell 29% in the first quarter of 2024.The company is facing a variety of challenges, ranging from tepid electric vehicle demand to stiffer competition and ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/04/09/is-it-time-buy-nasdaqs-worst-performing-2024-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4550":"红杉资本持仓","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4551":"寇图资本持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4099":"汽车制造商","BK4511":"特斯拉概念","BK4112":"金融交易所和数据","BK4548":"巴美列捷福持仓","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","TSLA":"特斯拉","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4534":"瑞士信贷持仓","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4555":"新能源车","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD"},"source_url":"https://www.fool.com/investing/2024/04/09/is-it-time-buy-nasdaqs-worst-performing-2024-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2426932116","content_text":"After a fantastic 2023, Tesla shares fell 29% in the first quarter of 2024.The company is facing a variety of challenges, ranging from tepid electric vehicle demand to stiffer competition and production delays.Despite its challenges, Tesla's valuation and potential make it worth considering for long-term investors.The first quarter of 2024 is in the books, and it's official: Tesla was the worst-performing stock in the Nasdaq-100.The electric vehicle (EV) maker's stock plunged 29.3% during the quarter. That narrowly edged out Sirius XM Holdings (down 29.1%) for the bottom spot, ahead of other Nasdaq-100 laggards, such as Lululemon Athletica, Charter Communications, and Warner Bros. Discovery.Data by YCharts.So, is this a buying opportunity for investors, or is it time to cut losses?What's going on with Tesla?Tesla has been making headlines for all the wrong reasons. Let's start with the company's biggest problem: Overall demand for EVs is falling short of expectations.There are several reasons why this is happening:High interest rates and pricesLagging EV infrastructure (charging stations)Manufacturing delaysTax credit confusion and uncertaintyAn overall lack of consumer acceptanceIn short, EV sales have leveled off at around 9% of overall new vehicle sales when many industry analysts expected them to climb much higher by now. And while it's still likely that EV sales will break through into the double-digit range as the auto industry continues to transition away from gas-powered vehicles, this slower growth is hurting every company that makes EVs -- Tesla in particular. That's because Tesla previously set aggressive sales and production goals: 50% annual production growth, culminating in 20 million vehicles annually by 2030.Now, Tesla's pathway to that goal is in doubt. The company recently released disappointing delivery figures that declined 9% year over year. Moreover, Tesla chief executive officer (CEO) Elon Musk noted during the company's January earnings call that \"our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle at Gigafactory Texas.\"What's more, the company is facing a litany of other issues:Growing competition in the critical Chinese marketSupply chain disruptions due to Red Sea turmoilVandalism outside the company's German factory temporarily halted productionMusk's purchase and management of Twitter, now X, has alienated some car buyersTo sum up, Tesla is facing both macro problems (a sluggish EV market) and micro problems (slowing production growth and escalating competition).Low valuation makes Tesla attractiveYet despite its problems, Tesla does have many positives. The company is undoubtedly adept at making EVs, indeed lots of them -- and selling them for a profit.While other EV makers like Rivian have struggled to turn a profit, Tesla generated $15 billion in net income over the last 12 months with some of the strongest profit margins in the industry.Accordingly, the stock's price-to-earnings (P/E) multiple continues to shrink. It now stands at 40. That's one of the lowest valuations for Tesla since its all-time low of 30 back in Jan. 2023.Data by YCharts.A reminder: Tesla stock more than doubled in calendar year 2023, skyrocketing from under $120 per share to more than $240.Is Tesla a buy now?In addition to its attractive valuation, Tesla has a few other tricks up its sleeve. For one, Elon Musk recently announced the company's long-awaited robotaxi will debut on Aug. 8. While the specifics of the robotaxi remain to be seen, it could serve as a much-needed catalyst for the stock, given the importance of self-driving technology to the company.So for long-term investors who believe both in the EV transition and Tesla's ability to pull off full self-driving, this year's pullback could serve as an excellent buying opportunity.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":293788457062416,"gmtCreate":1712732506852,"gmtModify":1712732510313,"author":{"id":"4145015300056472","authorId":"4145015300056472","name":"Eeyore Trade","avatar":"https://community-static.tradeup.com/news/f9e97511517589cbd6e3ef1736d221bb","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"I'd rather buy Apple 🍎","listText":"I'd rather buy Apple 🍎","text":"I'd rather buy Apple 🍎","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293788457062416","repostId":2426932116,"repostType":2,"repost":{"id":"2426932116","pubTimestamp":1712732400,"share":"https://www.laohu8.com/m/news/2426932116?lang=&edition=full","pubTime":"2024-04-10 15:00","market":"us","language":"en","title":"Is It Time to Buy the Nasdaq's Worst-Performing 2024 Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2426932116","media":"Motley Fool","summary":"This stock has its back to the wall yet again. Will it pull off another comeback?","content":"<html><head></head><body><ul style=\"\"><li><p>After a fantastic 2023, Tesla shares fell 29% in the first quarter of 2024.</p></li><li><p>The company is facing a variety of challenges, ranging from tepid electric vehicle demand to stiffer competition and production delays.</p></li><li><p>Despite its challenges, Tesla&#39;s valuation and potential make it worth considering for long-term investors.</p></li></ul><p>The first quarter of 2024 is in the books, and it&#39;s official: <strong>Tesla</strong> was the worst-performing stock in the <strong>Nasdaq-100</strong>.</p><p>The electric vehicle (EV) maker&#39;s stock plunged 29.3% during the quarter. That narrowly edged out <strong>Sirius XM Holdings</strong> (down 29.1%) for the bottom spot, ahead of other Nasdaq-100 laggards, such as <strong>Lululemon</strong> <strong>Athletica</strong>, <strong>Charter</strong> <strong>Communications</strong>, and <strong>Warner</strong> <strong>Bros. Discovery</strong>.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f899d3bf22e86388d875e0946c1b55dc\" alt=\"Data by YCharts.\" title=\"Data by YCharts.\" tg-width=\"720\" tg-height=\"507\"/><span>Data by YCharts.</span></p><p>So, is this a buying opportunity for investors, or is it time to cut losses?</p><h2 id=\"id_4131954176\">What&#39;s going on with Tesla?</h2><p>Tesla has been making headlines for all the wrong reasons. Let&#39;s start with the company&#39;s biggest problem: Overall demand for EVs is falling short of expectations.</p><p>There are several reasons why this is happening:</p><ul style=\"\"><li><p>High interest rates and prices</p></li><li><p>Lagging EV infrastructure (charging stations)</p></li><li><p>Manufacturing delays</p></li><li><p>Tax credit confusion and uncertainty</p></li><li><p>An overall lack of consumer acceptance</p></li></ul><p>In short, EV sales have leveled off at around 9% of overall new vehicle sales when many industry analysts expected them to climb much higher by now. And while it&#39;s still likely that EV sales will break through into the double-digit range as the auto industry continues to transition away from gas-powered vehicles, this slower growth is hurting every company that makes EVs -- Tesla in particular. That&#39;s because Tesla previously set aggressive sales and production goals: 50% annual production growth, culminating in 20 million vehicles annually by 2030.</p><p>Now, Tesla&#39;s pathway to that goal is in doubt. The company recently released disappointing delivery figures that declined 9% year over year. Moreover, Tesla chief executive officer (CEO) Elon Musk noted during the company&#39;s January earnings call that &#34;our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle at Gigafactory Texas.&#34;</p><p>What&#39;s more, the company is facing a litany of other issues:</p><ul style=\"\"><li><p>Growing competition in the critical Chinese market</p></li><li><p>Supply chain disruptions due to Red Sea turmoil</p></li><li><p>Vandalism outside the company&#39;s German factory temporarily halted production</p></li><li><p>Musk&#39;s purchase and management of Twitter, now X, has alienated some car buyers<br/></p></li></ul><p>To sum up, Tesla is facing both macro problems (a sluggish EV market) and micro problems (slowing production growth and escalating competition).</p><h2 id=\"id_1636104006\">Low valuation makes Tesla attractive</h2><p>Yet despite its problems, Tesla does have many positives. The company is undoubtedly adept at making EVs, indeed lots of them -- and selling them for a profit.</p><p>While other EV makers like <strong>Rivian</strong> have struggled to turn a profit, Tesla generated $15 billion in net income over the last 12 months with some of the strongest profit margins in the industry.</p><p>Accordingly, the stock&#39;s price-to-earnings (P/E) multiple continues to shrink. It now stands at 40. That&#39;s one of the lowest valuations for Tesla since its all-time low of 30 back in Jan. 2023.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/792774be8d9269896ce5eeb2d3ead2a0\" alt=\"Data by YCharts.\" title=\"Data by YCharts.\" tg-width=\"720\" tg-height=\"441\"/><span>Data by YCharts.</span></p><p>A reminder: Tesla stock more than doubled in calendar year 2023, skyrocketing from under $120 per share to more than $240.</p><h2 id=\"id_4000358130\">Is Tesla a buy now?</h2><p>In addition to its attractive valuation, Tesla has a few other tricks up its sleeve. For one, Elon Musk recently announced the company&#39;s long-awaited robotaxi will debut on Aug. 8. While the specifics of the robotaxi remain to be seen, it could serve as a much-needed catalyst for the stock, given the importance of self-driving technology to the company.</p><p>So for long-term investors who believe both in the EV transition and Tesla&#39;s ability to pull off full self-driving, this year&#39;s pullback could serve as an excellent buying opportunity.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is It Time to Buy the Nasdaq's Worst-Performing 2024 Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs It Time to Buy the Nasdaq's Worst-Performing 2024 Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-10 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/04/09/is-it-time-buy-nasdaqs-worst-performing-2024-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a fantastic 2023, Tesla shares fell 29% in the first quarter of 2024.The company is facing a variety of challenges, ranging from tepid electric vehicle demand to stiffer competition and ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/04/09/is-it-time-buy-nasdaqs-worst-performing-2024-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4550":"红杉资本持仓","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4551":"寇图资本持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4099":"汽车制造商","BK4511":"特斯拉概念","BK4112":"金融交易所和数据","BK4548":"巴美列捷福持仓","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","TSLA":"特斯拉","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4534":"瑞士信贷持仓","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4555":"新能源车","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD"},"source_url":"https://www.fool.com/investing/2024/04/09/is-it-time-buy-nasdaqs-worst-performing-2024-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2426932116","content_text":"After a fantastic 2023, Tesla shares fell 29% in the first quarter of 2024.The company is facing a variety of challenges, ranging from tepid electric vehicle demand to stiffer competition and production delays.Despite its challenges, Tesla's valuation and potential make it worth considering for long-term investors.The first quarter of 2024 is in the books, and it's official: Tesla was the worst-performing stock in the Nasdaq-100.The electric vehicle (EV) maker's stock plunged 29.3% during the quarter. That narrowly edged out Sirius XM Holdings (down 29.1%) for the bottom spot, ahead of other Nasdaq-100 laggards, such as Lululemon Athletica, Charter Communications, and Warner Bros. Discovery.Data by YCharts.So, is this a buying opportunity for investors, or is it time to cut losses?What's going on with Tesla?Tesla has been making headlines for all the wrong reasons. Let's start with the company's biggest problem: Overall demand for EVs is falling short of expectations.There are several reasons why this is happening:High interest rates and pricesLagging EV infrastructure (charging stations)Manufacturing delaysTax credit confusion and uncertaintyAn overall lack of consumer acceptanceIn short, EV sales have leveled off at around 9% of overall new vehicle sales when many industry analysts expected them to climb much higher by now. And while it's still likely that EV sales will break through into the double-digit range as the auto industry continues to transition away from gas-powered vehicles, this slower growth is hurting every company that makes EVs -- Tesla in particular. That's because Tesla previously set aggressive sales and production goals: 50% annual production growth, culminating in 20 million vehicles annually by 2030.Now, Tesla's pathway to that goal is in doubt. The company recently released disappointing delivery figures that declined 9% year over year. Moreover, Tesla chief executive officer (CEO) Elon Musk noted during the company's January earnings call that \"our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle at Gigafactory Texas.\"What's more, the company is facing a litany of other issues:Growing competition in the critical Chinese marketSupply chain disruptions due to Red Sea turmoilVandalism outside the company's German factory temporarily halted productionMusk's purchase and management of Twitter, now X, has alienated some car buyersTo sum up, Tesla is facing both macro problems (a sluggish EV market) and micro problems (slowing production growth and escalating competition).Low valuation makes Tesla attractiveYet despite its problems, Tesla does have many positives. The company is undoubtedly adept at making EVs, indeed lots of them -- and selling them for a profit.While other EV makers like Rivian have struggled to turn a profit, Tesla generated $15 billion in net income over the last 12 months with some of the strongest profit margins in the industry.Accordingly, the stock's price-to-earnings (P/E) multiple continues to shrink. It now stands at 40. That's one of the lowest valuations for Tesla since its all-time low of 30 back in Jan. 2023.Data by YCharts.A reminder: Tesla stock more than doubled in calendar year 2023, skyrocketing from under $120 per share to more than $240.Is Tesla a buy now?In addition to its attractive valuation, Tesla has a few other tricks up its sleeve. For one, Elon Musk recently announced the company's long-awaited robotaxi will debut on Aug. 8. While the specifics of the robotaxi remain to be seen, it could serve as a much-needed catalyst for the stock, given the importance of self-driving technology to the company.So for long-term investors who believe both in the EV transition and Tesla's ability to pull off full self-driving, this year's pullback could serve as an excellent buying opportunity.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":18,"commentSize":0,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}