Tesla Stock Settles Down, but Is the Recent Rout Over?

Author:
Publish date:
Video Duration:
2:44

Tesla  (TSLA) - Get Report shares have fallen nearly 30% since the end of January - a reflection of several factors ranging from rising bond yields amid expectations for higher inflation and the falling price of bitcoin to anticipation of a ramp-up in competition, particularly in Europe and China where COVID-inspired consumer subsidies and rebates have sparked a sales surge for all kinds of EVs, and not just those made by Tesla.

The stock settled down on Monday, though investors and Tesla-watchers remain on the fence about whether the stock has reached a bottom and is ready to resume its climb or whether inflation and competition will eat into Tesla's market share and future profits. Watch the video above for more detail.

Latest Videos From TheStreet and Jim Cramer:

Related Videos