Tesla announced that it is laying off more than 10% of its workforce, and this was intended to cut costs, boost productivity, and position the company for its next growth phase.
The news sparked mixed reactions in the market. Some analysts believe Tesla's stock price could fall significantly, potentially retesting its December 2022 lows around $122 per share. They argue that Tesla's valuation was inflated and that the company faces challenges due to rising interest rates and a squeezed middle class.
Despite these bearish views, some analysts believe Tesla's long-term prospects remain bright. They acknowledge the current challenges but believe the company can overcome them and achieve future growth.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- ElsieDewey·04-18I'll be watching the stock closely and forming my own opinion on its potential.LikeReport