What Investors Need to Know about Slow-Moving Tesla Stock

Tesla’s (TSLA) stock is up 0.23% today, leveling off after several days of gains. The stock is down by 29% since the start of the year.

Is Tesla stock worth investing in? Those who have been following automaker stocks closely this year will see that many of them are not growing exponentially despite great sales figures. It is not enough anymore for automakers to do well on the sales side of things. They also need to prove that they have a great forecast for the next quarter and that they are looking for ways to grow their market.

Tesla may be poised to grow substantially in the next year, but that is not what the signs are pointing to right now. The company had to lay off many of its employees in recent weeks as it cut back on its production and canceled plans for some new products.

Tesla’s Outlook

Tesla’s growth in the last few years has been markedly damaged by its lack of growth this year. The company is pressing forward with electric cars and automated vehicles, though. If Tesla can figure out how to develop a fully automated car in the near future, it will open up an entirely new market.

Tesla popularized the idea of the electric car, with other auto companies playing catch up. If they can make the fully automated car a reality, then they can open up a new market there as well.

The company has been working hard to cut costs and find innovative ways to grow the company, and if their efforts pay off, we will see stock growth before the end of the year. If their development and investment plans do not pan out soon, though, then Tesla’s stock will be a lot of trouble. Tesla depends on its technology to help it stand out and create profits. The company will do well moving forward if they push on the technology end and that starts to produce new products.

ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

Related Articles

Did Trump Sidestep Recession with Recent Trade Deals?

10 hours ago

Save

Stocks Continue Historic Climb Amid Tariff Deals

12 hours ago

Save

As Stocks Start the Week Strong, Should Investors Still Be Worried about a Crash?

1 day ago

Save

Comments

0 0 votes

Article Rating

Subscribe

Login

Notify of

new follow-up comments new replies to my comments

Please login to comment

0 Comments

Oldest

Newest Most Voted

Inline Feedbacks

View all comments