"Shares of Tesla Inc. (NASDAQ:TSLA) gained 7.27% over the past five trading sessions after gaining 1.51% the five prior. A rally that began in early summer has pushed the stock into the green on the year, but the AI-induced sell-off that began in late October has tempered Tesla's performance of late. This year, the stock is up 13.42%. Since hitting its all-time high on Dec. 17, 2024, the stock has fallen more than 10%."
"However, with EV competition mounting and a Jeff Bezos-backed startup entering the scene, Tesla's outlook remains clouded. In any case, 24/7 Wall St. dove into the lengthy list of drivers and potholes that investors should look forward to (or fasten their seatbelts for) in the coming year and beyond. Let's check out a bull, bear, and base case for the EV titan and have a glimpse at the varied viewpoints of multiple Wall Street pros."
Tesla shares rose recently, gaining 7.27% over five trading sessions after a prior 1.51% increase, and are up 13.42% year-to-date. Since the Dec. 17, 2024 all-time high, the stock has declined over 10%. Q3 revenue totaled $28.1 billion, up 12% year-over-year, while earnings of $0.50 per share missed estimates and quarterly net income fell 37% to $1.37 billion. Short-term sentiment has been weakened by an AI-driven sell-off, mounting EV competition, and a Jeff Bezos-backed startup entering the market. Volatile price action and polarized Wall Street views create both downside risk and potential medium-term buying opportunities.
Read at 24/7 Wall St.
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