Fool.com contributor Parkev Tatevosian highlights the factors leading to Tesla's (TSLA 3.23%) stock price decrease following its peak valuations.
*Stock prices used were the afternoon prices of Oct. 31, 2023. The video was published on Nov. 2, 2023.
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Why Tesla's Stock Price Is Crashing
By Parkev Tatevosian, CFA
–
Nov 3, 2023 at 9:00AM
NASDAQ: TSLA
Tesla
Market Cap
$1,149B
Today's Change
(3.23%) $11.56
Current Price
$369.49
Price as of December 5, 2024, 4:00 p.m. ET
Higher interest rates, fierce competition, and slowing industry demand are all contributing to troubles for Tesla stock investors.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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