Down 52% in 2022, Is Tesla Now a Buy?
The manufacturer of electric automobiles Tesla (TSLA 0.56%) has delivered its shareholders the greatest return of any S&P 500 company over the preceding 10 years.
Over the course of 10 years, investors who have faith in the company and its CEO, Elon Musk, have witnessed a return of little over 7,000%. However,
there are turbulences in even the best-performing stocks. As the closing bell rang on Dec. 12, 2022,
the largest EV company in North America had suffered a 52% year-to-date decline in its share price.
If Tesla's value more than doubles, is it still a wise investment? You may get the solution to
that query by comprehending the causes of the early decrease in share prices as well
as the forthcoming catalysts and challenges.