Tesla: Don't Let The Near-Term Challenges Dictate The Future
Tesla's stock price has declined significantly in recent months, losing over half of its market cap since its peak. Weak quarterly results and tempered growth outlook for 2024 are the main factors behind the stock price decline.
Tesla's Q4 2023 gross margin experienced a severe YoY decline, but it's starting to show some signs of bottoming out. I'm bullish on Tesla's long-term growth prospects due to its leadership in the EV and cleaner energy sectors, with additional potential upside from projects like robotics. Today's Tesla price challenges present a prime opportunity for a long-term position, potentially yielding over 10% annually by 2030, even at current prices.
Tesla, Inc.'s stock has been volatile due to macro headwinds, but the company continues executing its long-term growth strategy. Tesla's strategic positioning is intact, given weak competition in the developed world and geopolitical constraints for the major Chinese player.
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I m staying out.