Tesla Stock Could Be on Track to Do This for Only the Second Time in 10 Years. (Hint: It's Not a Good Thing)

Although it has been a good year overall for the markets, with the S&P 500 up 7% as of Thursday's market close, shares of electric vehicle maker Tesla (NASDAQ: TSLA) have been going in the opposite direction and are down about 21%. The company has been facing a lot of adversity in recent quarters and there's been plenty of negative press surrounding the business and its CEO, Elon Musk, which has undoubtedly weighed on the stock. If things don't improve soon, Tesla could be on track for one of its worst performances in recent years. And unlike in 2022, when the markets were in a tailspin, this time, it's doing badly amid favorable market conditions. Could this be the start of a troubling trend for Tesla, or can now be a good time to take a chance on this struggling auto stock?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool