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SpaceX's 3rd flight test notches a historic milestone: What's your thoughts?
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Moomoo Down Under joined discussion · Mar 14 22:42

Tesla is the worst performing stock in the S&P 500

$Tesla (TSLA.US)$ is down nearly 32% since January, and is currently the worst performer in the S&P 500 this year.
Despite being apart of the Magnificent 7, in a new report by Wells Fargo, analyst Colin Langan wrote, Tesla is a “growth company with no growth.”
Recent price targets are also reflecting these thoughts.
Wells Fargo has lowered its price target for the stock from $200 to $125, predicting another 25% decrease in value. UBS, meanwhile, has lowered its price target to a more moderate $165 from $225.
Despite recent challenges in market share growth against competitor BYD, traders still believe in the growth of Tesla, and it's maker Elon Musk - and are taking to buying into the dip, or waiting until it drops even lower.
Would you take the risk of investing in Tesla at the moment?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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Moomoo Down Under
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