Elon Musk Thinks Tesla Will Become the World's Most Valuable Company. I Predict Its Stock Will Decline by 50% (or More) Instead.

Investors abandoned Tesla’s (NASDAQ: TSLA) stock so quickly that the price dropped 34% this year. Based on its current trajectory, it may keep falling. The drop has been blamed on CEO Elon Musk, who has recently been trying to fix the US government as the primary change agent for President Trump.

Tesla’s stock has experienced a significant decline over the past week, dropping by 7.72%. This downturn is largely attributed to a downgrade by Erste Group, which shifted its r

Tesla TSLA shares have been hit mightily amid recent market volatility with the EV giant’s stock down 35% year to date. That said, at $262, TSLA is still sitting on gains of over +40% in the last two years which has roughly matched the S&P 500 but has trailed the Nasdaq’s +57%.