San Francisco, California – Investors saw Tesla shares rebounding on Tuesday after a 15% drop the previous day. The stock, currently trading at $232.70, is facing the possibility of falling for the eighth week in a row as CEO Elon Musk navigates his time within the Trump administration.
Since President Trump took office, Tesla’s stock has been on a downward trend, losing nearly half its value as concerns over sales in China and registrations in Europe continue to loom. The uncertainty surrounding tariffs in the market has also contributed to Tesla’s recent decline.
Despite the challenges, some analysts view Tesla’s recent pullback as a buying opportunity for investors. For instance, analysts at Morgan Stanley advised clients to consider purchasing Tesla stock at its current levels, setting a price target of $430. They believe that Tesla is well-positioned within the automotive industry, especially with its focus on artificial intelligence and robotics.
Tesla’s stock hit a record high of $479.86 shortly after Trump’s election victory, but has since been on a steady decline. The consensus among analysts who track Tesla is a price target of around $366 per share, indicating potential growth in the future amidst the current market conditions.
Overall, with the fluctuations in Tesla’s stock price and the company’s innovative technology, investors are closely watching how Tesla will navigate through the current economic challenges and emerge stronger in the long run.