Is Tesla’s Stock Price Justified After BYD Surpasses Sales in Europe?
If you’ve been watching Tesla’s share price, you’re probably wondering what’s next. Some days, it feels like every headline could send the stock soaring or sinking, and the past year has shown just how fast sentiment can change. Tesla’s price has climbed an impressive 55.9% over the last twelve months, despite being down 12.0% year-to-date. That’s quite a roller coaster, and the story behind those moves is anything but boring. The action isn’t just about market mood swings. Tesla caught a fresh round of attention as data surfaced from a recent lawsuit involving Autopilot, while concerns about the company being outsold by BYD in Europe have turned up the competitive heat. Factor in consumer skepticism about Tesla’s…
