Despite the recent surge in Stock price due to Trump victory, Tesla still faces risks due to intense competition in the electric vehicle market and concerns about its high valuation. With a price-to-earnings (P/E) ratio still elevated and missed earnings in previous quarters, I will remain cautious. Tesla’s stock performance could fluctuate significantly as new competitors and regulatory challenges arise.
*My Take/Conclusion:*
After the current upswing many investors would be taking profit, you may want to watch for dips before next considerable price growth in 2025 and beyond if it maintains its market lead.
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- qwertd·11-13It's wise to stay vigilant.LikeReport