Welcome back to our channel! In this video, we dive deep into the current state of Tesla's stock and share our insights on its valuation.
If you're a Tesla enthusiast or investor, this is a must-watch video to get a perspective on the company's recent performance.
📉 Over the past month, Tesla shares have experienced a 24% decline, currently resting at $190. Our skepticism towards the stock goes back to April 2022 when we predicted a 40% downside potential, and since then, the stock has fallen by 45%.
🔍 We identify five key factors contributing to this decline:
1️⃣ Disappointing Q4 2023 revenue and EPS.
2️⃣ BYD surpassing Tesla as the world's largest seller of EVs.
3️⃣ Growing complaints about charging and battery-related issues, signaling potential cooling demand for EVs.
4️⃣ Reduction in tax incentives for EVs.
5️⃣ Elon Musk warning of increased competition, particularly from Chinese EV companies.