By 2026, the Tesla share price could turn £5,000 into…
The Tesla (NASDAQ:TSLA) share price often defies logic, rising when you’d expect it to drop and vice versa. But given that it’s up more than 230% in five years, it’s clearly done more increasing than falling overall.
Personally, I would have expected the S&P 500 stock to be struggling this year. After all, Tesla has been losing market share in China and Europe, and recently its US market share dropped below 40% for the first time since 2017, according to Reuters.
In Q2, revenue and deliveries declined 12% and 13%, respectively. That was the company’s steepest revenue decline in over a decade. And net income slumped 16% to $1.2bn.
Looking ahead, CEO Elon Musk has warned about “a few rough quarters” as…
