The annual sales decline has sparked intense debate on Wall Street! Tesla has had five consecutive days of losses; what will be relied upon to turn the situation around next?
In December, Tesla reached a historic high of $488.54 in mid-month, and from the low of $212.11 in October, Tesla's stock price skyrocketed by over 130% in less than two months. This disappointing performance caused Tesla to plummet more than 6% overnight, resulting in five consecutive daily declines, gradually moving away from its historic highs.
Tesla's annual sales have recorded a decline for the first time, and the growth target of 20-30% this year is also in jeopardy.
Analysts warn that weak production in the fourth quarter may indicate weak sales in the first quarter of 2025. Given the currently very pessimistic market consensus expectations, whether Tesla reaffirms its annual growth target of 20-30% at the end of the month Earnings Reports will be key to boosting market confidence.
Express News | Tesla Shares up 4%
China's demand is booming! Tesla's sales in China in 2024 set a record, maintaining the title of "King of Pure Electric Vehicles."
Tesla's sales in the China market reached a record high in 2024, rising against the global downward trend.
Did Musk's "big bet" on Trump pay off? The Tesla Cybertruck has first received the USA electric vehicle tax credit.
The Tesla Cybertruck is eligible for a tax credit of up to $7,500 in the USA for the first time this year.
U.S. Stock Indexes, Crude Futures Gain; Tesla Rebounds -- WSJ