Tesla stock performed poorly in S&P 500, stock may fall further

Elon Musk's company Tesla, which is included in the list of the world's richest people, is currently surrounded by questions. This year there has been a continuous decline in the company's shares (Tesla Shares).

Elon Musk's Tesla represents the future of automaking. Currently, many questions are being raised about Tesla due to the poor performance of the company's stock.

It was also announced that Tesla shares would be included in the Magnificent Seven, the largest tech stocks. In 2024, the company's shares performed terribly at the same time. In the S&P 500, the company's stock had extremely poor performance.

The share price of Tesla has dropped by over 32%. There are rumours that the company's stock could drop even more.

The Tesla Company is having trouble with recalls and safety concerns. As a result, the company's growth has also slowed, and it is currently being forced to make cuts.

Colin Langan, an analyst at Wells Fargo, released a report on Tesla stock. In her report, she comments on Tesla, stating that it is a developing business with no growth.

The report on Tesla's shares says that Tesla's stock will remain flat this year and the company's stock will once again decline in the year 2025.

Many analysts have said that concerns have increased for Tesla because the demand for electric vehicles has decreased and China has taken more and more share in the global market.

In the year 2021, Tesla's stock reached $ 407 per share. This is the highest level so far. In the report, Tesla's share price has been reduced from $200 to $125.