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Tesla's stock defied gravity for years. Is Elon Musk's EV party over?

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  • 🞛 This publication is a summary or evaluation of another publication
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  • 🞛 This publication contains potentially derogatory content such as foul language or violent themes
The article from MSN Money discusses the recent performance and future prospects of Tesla's stock, which has experienced significant volatility. After years of defying market expectations with its soaring stock prices, Tesla has faced challenges including increased competition in the electric vehicle (EV) market, production issues, and Elon Musk's controversial public statements and actions, particularly his involvement with Twitter. These factors have led to a sharp decline in Tesla's stock value, with a notable drop of 65% in 2022. Analysts are now questioning whether Tesla can maintain its market dominance as traditional automakers like Ford and General Motors, along with new entrants like Rivian and Lucid, ramp up their EV offerings. The article also touches on concerns about Tesla's high valuation, potential demand issues, and Musk's distractions, suggesting that the era of Tesla's stock "defying gravity" might be over, with investors and analysts closely watching for signs of recovery or further decline.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/markets/tesla-s-stock-defied-gravity-for-years-is-elon-musk-s-ev-party-over/ar-AA1ABt2A ]